EMPOWER ANNUITY INSURANCE COMPANY

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I nuastment Company Empower Funds, Inc. (EFI) Is an Investment company affiliated with EAG. It is registered under the Investment Company Act of 1940. Empower Funds may provide Investment products to retirement plans and IRAs for which EAG may also provide Its services. Empower Funds Is managed by Empower Capital Management, LLC as discussed below. Shares of Empower Funds may be available for purchase by retirement plans advised by EAG or to amount holders of the Empower Premier IRA. - Investment Advisee - Empower Capital Management, LLC (ECM), an affiliate of EAG, is an Investment adviser for Empower Funds and Is registered under the Investment Advisers Act of 1940, It is a wholly owned subsidiary of EAIC. EAG provides managed account, guidance, and advice services to participants In certain defined contribution plans. It also provides services to account holders of the Empower Premier IRA which may have as Investment options certain portfol Ins of Empower Funds managed by ECM. Putnam Investment Management, LLC Is a registered Investment adviser (PIM). EAG Is under common control with PIM and Is an affiliate of PIM: Shares of Putnam retail mutual funds may be available for purchase by retirement plans or by the Empower Premier IRA holders. PIM serves as a sub -adviser to certain funds In the Empower Core Strategies lineup Irish Life Investment Managers Limited - a Dublin, Ireland based, SEC registered Investment adviser. ILIM is part of the Great -West Lifeco, Inc. (GWL) group ofcompanies; GWL has operations In Canada, the United States, Europe, and Asia through ownership of companies Including EAIC and PIM. EAG Is wholly owned subsidiary of EAIC EAIC is an indirect wholly owned subsidiary of GWL which controls ILIM. ILIM manages the Index serles of Empower Funds. Personal Capital Advisors Corporation (Personal Cafeftal), an affillate of EAG, Is wholly owned by Personal Capital Corporation, which Is wholly owned by Empower Holdings, LLC, a wholly owned subsldlaryof EAIC. Personal Capital Is an investment adviser registered under the Investment Advisers Act of 1940 and provides discretionary Investment management services and financial planning services to various clients. Branding The affiliated companies of EAG, ECM, EFSI, EAIC, ELAINY, Empower Funds, Empower Holdings, LLC, Empower Retirement, LLC, and ETC, operate under the multiple brands of Empower, Empower Retirement and Empower Institutional depending upon the products, services and retirement markets involved. These brands do not materially affect the internal structure of EAGor EAG's corporate ownership. Conflicts of Intemst The Investment options available In a plan are generally established by the plan sponsor/client through which our services are delivered. Inserts cases, the plan Investment options may include, or be comprised solely of, affiliated investment options of the Institutional client or of EAG. EAG does not receive compensation from its parent company or any of Its affiliates as a result of these allocations. EAG has a relationship with Morningstar Investment Management wherein Morningstar Investment Management acts as sub -adviser for the advisory services. EAG has entered into an agreement with Morningstar I nvestment Management under which, EAG receives advisory services fees for providing services to retirement plan clients. EAG mitigates these confllas of Interest related to affiliated investment options by utilizing Morningstar Investment Management as sub -adviser who remains Independent from EAG and Its related persons with respect to their methods of analysis and mvestment strategies. Morningstar Investment Management's methodology also controls the Investment allocations and recommendations. A clleht/account holder will pay advisory fees to EAG for MAS, and Indirectly to ECM, If Empower Funds are Included In the retirement plan Investment options. The fees paid W ECM for management of the Empower Funds are Included In the fund share price. 14 City Council 19 — 92 9/19/2023