EMPOWER ANNUITY INSURANCE COMPANY

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EXHIBIT B-1: DISCRETIONARY INVESTMENT ADVISORY AND NON -DISCRETIONARY SERVICES The parties agree that the Services under this Schedule will commence upon a date as directed by the Plan Sponsor and mutually agreed to by the parties, as administratively and operationally feasible. 1. GENERAL DESCRIPTION OF SERVICES 1.1 Adviser provides a full suite of discretionary and non -discretionary investment advisory services to eligible Participants as selected by the Plan Sponsor. Such services may include set-up services, communications, reporting, investment recommendations, and initiation of investment transactions, subject to the terms and conditions of the Schedule and this Exhibit, as the same may be amended in writing by the Parties from time to time. 1.2 As part of its Services, Adviser provides Participants access by telephone to the telephone call center (investment adviser representatives available from 7:00 a.m. to 0:00 p.m. Central Time, Business Days), and Adviser shall provide Participants, and designated representatives of Plan Sponsor, web access to Plan and Participant account information, subject to periodic maintenance and system availability. 2. SERVICE ELECTIONS 2.1 Managed Account Service. 2.1.1 As further described in Adviser's Form ADV Brochure, the Managed Account Service provides discretionary advisory services, consisting of personalized portfolios created by Subadviser based upon the Investment Options available in the Plan, to Managed Account Participants. The Managed Account Service allocates enrolled Participant accounts to personalized portfolios, and automatically rebalances portfolio allocations If Adviser believes rebalancing to be appropriate. 2.1.2 Unless otherwise agreed to by the parties, Adviser will construct portfolios using the Plan's core Investment Options ("Core Investment Options"), which are those Investment Options selected for use in the Plan by Plan Sponsor that provide investment choices under the following asset categories: Fixed Income/Cash, Bond, Large Cap, Small/Mid Cap, and International. 2.1.3 . Core Investment Options do not include any employer stock alternatives or self - directed brokerage option alternatives. Unless the Plan Sponsor restricts Adviser from selling employer stock held in an account managed by Adviser, Adviser will liquidate employer stock held in an account that Adviser manages. The Plan must select and at all times maintain Core Investment Options that cover the broad asset categories in order to utilize the Managed Account Service and the Online Advice Service. Managed Account Participants may further customize their portfolio by providing additional information to Adviser by phone or online and such information shall be considered by $ubadviser to determine portfolio recommendations for the Managed Account Participant. Adviser shall periodically review and rebalance the 72 City Council 19 — 75 9/19/2023