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    Video Title: MV NOT01 VI RE78 01



[DESCRIPTION: The Prudential Rock Logo.]

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[DESCRIPTION: On screen text. I made a transfer, and now my money moved back. Why?]

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>> I'm Doug Bazley, a retirement counselor with Prudential.

Recently, I've had a quite a few people reach out and ask why their money moved back after a recent investment transfer.

Here is what I tell them.

For those of you who've transferred existing balances prior to the end of the quarter, you may have seen those funds revert back to match your current investment allocations.

This happens when you make an investment transfer, but you did not also update your investment allocations and you're utilizing the auto-rebalance feature.

You see, while you may have transferred existing or current balances from one fund to another in your account, it's your investment allocations that determine your future contributions and this is what auto rebalancing is based on.

If you did not update your investment allocations when you made a transfer, then you might have seen those funds transfer back to match your current allocations on the auto-rebalancing date.

Rebalancing is actually a really useful tool.

It's a form of risk management that helps to maintain your investment strategy over time.

It helps prevent your portfolio from becoming more or less aggressive than desired due to the changing market conditions.

When utilizing auto rebalancing, your portfolio will automatically realign to your chosen allocations on the auto-rebalance date.

If you are utilizing the goal maker investment service, auto rebalancing is a built-in feature, and these portfolios rebalance at the end of each quarter.

Please take a moment to review your investment allocations online or using the mobile app to make sure it matches your risk tolerance, time horizon, and desired portfolio allocations.

If auto rebalancing is available on your account, consider turning it on and making a mental note of your next rebalancing date.

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[DESCRIPTION: On screen text. Empower. This material is intended to provide information only. This material is not intended as advice or recommendation about investing or managing your retirement savings. By sharing this information, Prudential Retirement is not acting as your fiduciary as defined by the Department of Labor or otherwise. If you need investment advice, please consult with a qualified professional. Keep in mind that application of asset allocation and diversification concepts does not assure a profit or protect against loss in a declining market. It is possible to lose money by investing in securities. GoalMaker's model allocations are based on generally accepted financial theories that take into account the historic returns of different asset classes. But, of course, past performance of any investment does not guarantee future results. Participants should consider their other assets, income and investments (for example, equity in a home, Social Security benefits, individual retirement plan investments, etcetera) in addition to their interest in the plan, to the extent those items are not taken into account in the model. Participants should also periodically reassess their GoalMaker investments to make sure their model portfolio continues to correspond to their changing attitudes and retirement time horizon. Securities, when presented, are offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment adviser, Advised Assets Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (P R I A C), Hartford, Connecticut or its affiliates. P R I A C is a Prudential Financial company. Copyright 2022 Prudential Financial, Incorporated and its related entities. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Incorporated, and its related entities, registered in many jurisdictions worldwide. 1033335-00001-00. NOT01_VI_RE78_02.]

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[DESCRIPTION: On screen text. No Action Required: For Your Information. Overview. As of April 1, 2022, Empower acquired the full service retirement business of Prudential Retirement. Over a period of time, you may see references to Prudential and Empower, as we transition our experiences. Throughout this process, we want you to know that our focus is on you and making this transition as seamless as possible. For your reference, outlined below is the entity level detail of the acquisition, including important information to help determine who will be servicing your account or other products. Post-close. On April 1, 2022, Great-West Life and Annuity Insurance Company (G W L A), the parent company of Empower Retirement, L L C (Empower) acquired the full service retirement business of Prudential Financial, Incorporated in connection with the transaction. G W L A acquired all shares of the following entities, which are no longer affiliated with Prudential Financial, Incorporated: Prudential Retirement Insurance and Annuity Company, Prudential Bank and Trust, F S B, Global Portfolio Strategies, Incorporated, T B G Insurance Services Corporation, M C Insurance Agency Services, L L C and Mullin T B G Insurance Agency Services, L L C. Please use the following to determine if Empower is now the service provider for your account. If you have multiple accounts, you may be a customer of Prudential Financial, Incorporated and its affiliates (together, Prudential) and Empower.]


[DESCRIPTION: A table with two columns: Account Type and Service Provider. Data includes questions and answers. Row 1. If you are an annuitant, contingent annuitant, or other beneficiary under a group-annuity contract issued or reinsured by Prudential's pension risk transfer business or plan participant whose benefit is administered by Prudential's pension risk transfer business. Your account remains with Prudential and was not impacted by the the transaction. The Important Disclosures Regarding the Empower Transaction listed below do not apply to your account. How do I know if this applies to me? You were previously issued an annuity certificate from the Prudential Insurance Company of America in connection with your employer's defined benefit plan or previously received a communication from your employer that Prudential has issued a guaranteed annuity covering all or a portion of your pension benefit or pays your pension benefit. Row 2. If you independently purchased an individual annuity, life insurance or investment product with Prudential. Your account remains with Prudential and was not impacted by the transaction. The Important Disclosures Regarding the Empower Transaction listed below do not apply to your account. How do I know if this applies to me? You independently purchased a product from Prudential (other than a SmartSolutions I R A) that is unrelated to an employer workplace plan. The product you purchased is issued by The Prudential Insurance Company of America (P I C A), Prudential Annuities Life Assurance Corporation (P A L A C), Pruco Life Insurance Company, or Pruco Life Insurance Company of New Jersey. You purchased an investment product or service through Pruco Securities, L L C. Row 3. If you are a participant in the Prudential Employee Savings Plan (P E S P), the Jennison Associates Savings Plan, the Assurance Savings Plan, the Prudential Supplemental Employee Savings Plan, the Prudential Financial, Incorporated 2021 Omnibus Incentive Plan, and the attendant Prudential Long-Term Incentive Program, the Prudential Financial, Incorporated 2016 Deferred Compensation Plan for Non-Employee Directors or the P G I M, Incorporated Omnibus Deferred Compensation Plan. Empower is currently providing services to the plans as a sub-contractor to Prudential for a transitional period. During this period, Prudential will remain the service provider for the plans. Please carefully review the Important Disclosures Regarding the Empower Transaction below that apply to you, as applicable. How do I know if this applies to me? You receive statements and other notifications from Prudential in connection with one or more of these plans. Row 4. If you are a participant in a retirement plan previously serviced by Prudential Retirement, which may include defined benefit plans, non-qualified plans, defined contribution plans, and 401 K plans (including a plan that permits self-directed brokerage accounts), or you are an account holder of a SmartSolution I R A, Auto Roll I R A, or N F S Prudential Brokerage Account. Empower is now the service provider for your account. However, with respect to Smart Solution I R A accounts, and certain Auto Roll I R A's, Prudential Investment Management Services L L C (P I M S) remains the broker-dealer for a transitional period. Please carefully review the Important Disclosures Regarding the Empower Transaction below that apply to you. How do I know if this applies to me? You receive a notification from Prudential Retirement notifying you that Empower will become the service provider for your account. You receive a welcome email or letter from Empower.]


[DESCRIPTION: Important Disclosures Regarding the Empower Transaction. Effective April 1, 2022, the following will apply to you: All references to Prudential Retirement refer to Empower. Prudential Retirement is no longer a business unit of Prudential. Certain insurance products written by The Prudential Insurance Company of America were reinsured to G W L A and Great-West Life and Annuity Insurance Company of New York (for New York business). Empower Retirement will become the administrator of this business acquired from Prudential. Empower Retirement refers to the products and services offered by G W L A and its subsidiaries, including Empower Retirement, L L C. Empower Retirement is not affiliated with Prudential or its affiliates. Full-service retirement sales personnel and certain service personnel are no longer registered representatives of Prudential Investment Management Services, L L C (P I M S) and are registered representatives of G W F S Equities, Incorporated. For a transitional period, certain back office service personnel will remain registered representatives of P I M S. During a transition period, Prudential and, as applicable, its affiliates will continue to provide services to Empower. P I M S will continue to provide certain broker-dealer services under the terms of existing services agreements for certain plans and will continue to be the broker-dealer of record for existing SmartSolution I R A accounts and certain Auto Roll I R A accounts for a transitional period. Any documents pertaining to fraud or security commitments by Prudential Retirement are no longer applicable and are replaced with Empower's commitments set forth at https://participant.empower-retirement.com/participant/#/articles/securityGuarantee. If Empower is the service provider for your account, Prudential's Privacy Statements and Privacy Notices are replaced with Empower's Privacy Notice set forth at https://www.empower-retirement.com/privacy for that account. All product names, logos, and brands are property of their respective owners. Empower, Empower Retirement, all associated logos, and product names are trademarks of Great-West Life and Annuity Insurance Company, Prudential, the Prudential logo and the Rock Design are trademarks of Prudential Financial, Incorporated and its affiliates and are used under license. Information provided herein, including linked documents, is being provided for informational or educational purposes only. By sharing it, neither P I M S nor Prudential is acting as your fiduciary as defined by the Department of Labor or otherwise. If you need investment advice, please consult with a qualified professional. Prudential Financial, its affiliates, and other financial professionals do not render tax or legal advice. Please consult with your tax and legal advisors regarding your personal circumstances. Have additional questions? For Prudential accounts and products, please call 800-621-1089. For Empower accounts and products, please call 877-778-2100. Empower Participant 4 point 2022.]