Notice of Changes to Your Retirement Plan Investment Options · American Funds Capital Income Builder ® American Funds Global Balanced ® American Funds Income Fund of America

Notice of Changes to Your RetirementPlan Investment OptionsPlan Name: Ohio Associated Enterprises, LLC 401(K) Savings Plan

Effective: January 02, 2018

Effective January 02, 2018, the investment option(s) listed in the table below will convert to a new share class. All assetsheld in the current share class will be sold at the closing price on January 02, 2018.

You can make changes to your account on the participant website at myretirement.americanfunds.com or bycalling (800) 204-3731. Plan information and investment prospectuses — which contain important information aboutinvestment objectives, risks, charges and expenses, if applicable — may be found on the website as well. Be sure to readthe prospectuses carefully before investing.

Share/Unit Class Change(s)

Investment Name Investment Name

Share Class Change From American Funds R-2 Assets Transferred to New American Funds R-4

American Funds American Balanced® — R-2 American Funds American Balanced® — R-4

American Funds Cap World Growth & Income® — R-2 American Funds Cap World Growth & Income® — R-4

American Funds EuroPacific Growth® — R-2 American Funds EuroPacific Growth® — R-4

American Funds Growth Fund of America® — R-2 American Funds Growth Fund of America® — R-4

American Funds Investment Co of America® — R-2 American Funds Investment Co of America® — R-4

American Funds New World Fund® — R-2 American Funds New World Fund® — R-4

American Funds Target Date 2010® — R-2 American Funds Target Date 2010® — R-4



Notice of changes to your retirement plan | Page 1 of 15

Notice of Changes to Your RetirementPlan Investment OptionsShare/Unit Class Change(s)


Share Class Change From American Funds R-2 Assets Transferred to New American Funds R-4










Notice of Changes to Your RetirementPlan Investment OptionsEffective January 02, 2018, the investment option(s) listed in the table that follows will be eliminated from the plan. Allassets in the investment option(s) being eliminated will be sold and moved into the investment option(s) shown belowat the close of market on January 02, 2018.

If you do not want your assets directed into the investment option(s) shown below, you must exchange your accountbalance in the investment option(s) and/or change your contribution elections prior to the close of market on January02, 2018.

You can make these and other changes to your account on the participant website at myretirement.americanfunds.comor by calling (800) 204-3731. Plan information and investment prospectuses, if applicable — which contain importantinformation about investment objectives, risks, charges and expenses — may be found on the website as well. Be sure toread the prospectuses carefully before investing.

Investment ChangesThe following investment options will be removed from the plan, and the assets will be transferred to the investmentoptions below effective January 2, 2018.


Investment Eliminations as of 01/02/2018 Assets Transferred to Existing Investment

AB Global Bond C® PIMCO Income A®

American Funds Amer High Income Trust® PIMCO Income A®

American Funds American Mutual Fund® MFS Value R3®

American Funds Capital Income Builder® American Funds Global Balanced®

American Funds Income Fund of America® American Funds Target Date Retirement Series®

American Funds Interm Bd Fd of America® American Funds Bond Fund of America®

American Funds U.S. Government Money Market Fund® EB MaGIC Fund®

BlackRock Global Allocation Inv C® American Funds Global Balanced®

BlackRock Strategic Income Opps Inv C® PIMCO Income A®

Franklin Mutual Global Discovery C® American Funds Cap World Growth & Income®

Oppenheimer Main Street Mid Cap C® Hartford MidCap R4®


Notice of Changes to Your RetirementPlan Investment OptionsInvestment ChangesThe following investment options will be removed from the plan, and the assets will be transferred to the investmentoptions below effective January 2, 2018.


Investment Eliminations as of 01/02/2018 Assets Transferred to Existing Investment

Oppenheimer Value C® MFS Value R3®

Royce Small-Cap Value Consultant® AllianzGI NFJ Small-Cap Value A®


Notice of Changes to Your RetirementPlan Investment Options

Figures shown are past results and are not predictive of future results. Current and future results may be lower or higherthan those shown here. Prices and results will vary, so you may lose money. Investing for short periods makes lossesmore likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, sothey may lose value.

Results are for the American Funds Class R-4 shares at net asset value. Class R shares do not require an up-front ordeferred sales charge. For current information and month-end results for the American Funds and any other investmentsin your plan, please visit myretirement.americanfunds.com or ask your employer.

One way to assess an investment’s results is to compare its results with those of a comparable benchmark or index. Thebenchmarks and their returns are shown in the table. Check your investment’s annual and semi-annual reports toshareholders for more information.

Investment Addition(s)The following investment options will be added to the plan effective January 02, 2018:

Investment NameBenchmarkInvestment Manager

Asset Class

Inception Date

Average Annual Total Returns (%) Expense Ratios (%) Gross Expenses

per $1,000

Lifetime 10 Years 5 Years 1 Year Gross Net

Investment Options for Class R-4 as of 06/30/2017

Growth InvestmentsAllianzGI NFJ Small-Cap Value A Growth 10/01/91 10.16 6.57 10.93 21.37 1.23 1.18 $12.30

Standard & Poor's 500 Composite Index 9.58 7.18 14.63 17.90

Allianz Funds. Shareholder-Type Fees - None.

Investment footnote(s): 1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16

American Funds EuroPacificGrowth

Growth 04/16/84 10.78 3.15 9.23 21.75 0.85 0.85 $8.50

MSCI All Country World Index (ACWI) ex USA 8.80 1.13 7.22 20.45

American Funds. Shareholder-Type Fees - None.

Investment footnote(s): 9,10,11,12,14,15,17,18,19

American Funds GrowthFund of America

Growth 12/01/73 13.51 7.23 15.55 21.49 0.68 0.68 $6.80



Investment footnote(s): 10,11,12,14,15,17,18,19

American Funds New World Fund Growth 06/17/99 7.88 3.29 6.54 19.12 1.01 1.01 $10.10

MSCI All Country World Index (ACWI) 4.47 3.71 10.54 18.78


Investment footnote(s): 1,5,9,10,11,12,14,15,17,18,19,20,21

Hartford MidCap R4 Growth 12/31/97 15.43 7.98 15.74 21.17 1.17 1.17 $11.70


Hartford Mutual Funds. Shareholder-Type Fees - None.

Investment footnote(s): 2,3,8,10,11,12,15,16,22,23


Notice of Changes to Your RetirementPlan Investment OptionsFigures shown are past results and are not predictive of future results. Current and future results may be lower or higherthan those shown here. Prices and results will vary, so you may lose money. Investing for short periods makes lossesmore likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, sothey may lose value.





Asset Class

Inception Date


per $1,000



Growth-and-Income InvestmentsAmerican Funds Cap WorldGrowth & Income

Growth-and-income

03/26/93 10.55 4.52 11.16 18.38 0.80 0.80 $8.00



Investment footnote(s): 9,10,11,12,14,15,17,18,19,24

American Funds InvestmentCo of America

Growth-and-income

01/01/34 12.03 6.35 14.05 15.67 0.64 0.64 $6.40




Columbia Large Cap Index A Growth-and-income

12/15/93 8.35 6.75 14.11 17.35 0.45 0.45 $4.50


Columbia. Shareholder-Type Fees - None.


Equity-Income InvestmentsMFS Value R3 Equity-

income01/02/96 8.23 6.71 14.63 16.37 0.86 0.86 $8.60


MFS. Shareholder-Type Fees - None.

Investment footnote(s): 1,2,3,10,11,12,14,15,16,22,28







Asset Class

Inception Date


per $1,000



Balanced InvestmentsAmerican Funds AmericanBalanced

Balanced 07/26/75 10.64 6.57 10.57 10.34 0.64 0.64 $6.40



Investment footnote(s): 1,10,11,12,14,15,18,19,20,24,29,30

American Funds Global Balanced Balanced 02/01/11 6.40 N/A 7.55 7.90 0.90 0.90 $9.00




Bond InvestmentsAmerican Funds BondFund of America

Bond 05/28/74 7.59 3.11 2.28 0.24 0.60 0.60 $6.00

Bloomberg Barclays U.S. Aggregate Index 7.59 4.48 2.21 -0.31



PIMCO Income A Bond 03/30/07 8.68 8.97 7.79 9.29 0.85 0.85 $8.50


Pimco. Shareholder-Type Fees - None.

Investment footnote(s): 1,2,3,6,8,9,10,11,12,14,15,16,21,25,29,32,33,34,35,36

Cash-Equivalent InvestmentsEB MaGIC Fund Cash-

equivalent01/01/88 4.43 1.70 1.09 1.01 0.97 0.97 $9.70


Victory. Shareholder-Type Fees - None.

Investment footnote(s): 2,37







Asset Class

Inception Date


per $1,000



Target Date InvestmentsAmerican FundsTarget Date 2060

Target date 03/27/15 7.30 N/A N/A 16.22 0.95 0.81 $9.50

S&P Target Date Through 2060+ Index 6.96 N/A 11.57 17.22


Investment footnote(s): 1,3,5,9,10,11,12,14,15,16,17,19,20,21,25,27,29,30,38

American FundsTarget Date 2055

Target date 02/01/10 10.61 N/A 11.77 16.31 0.81 0.81 $8.10

S&P Target Date Through 2055 Index 10.66 N/A 11.57 17.20


Investment footnote(s): 1,3,5,9,10,11,12,14,15,16,17,19,20,21,25,27,29,30,38


Target date 02/01/07 6.37 5.90 11.79 16.36 0.79 0.79 $7.90

S&P Target Date Through 2050 Index 5.77 5.47 11.52 17.00




Target date 02/01/07 6.36 5.89 11.77 16.18 0.79 0.79 $7.90





Target date 02/01/07 6.33 5.85 11.68 15.83 0.79 0.79 $7.90










Asset Class

Inception Date


per $1,000




Target date 02/01/07 6.23 5.75 11.47 15.10 0.78 0.78 $7.80





Target date 02/01/07 6.08 5.62 11.03 13.13 0.77 0.77 $7.70





Target date 02/01/07 5.59 5.11 10.10 10.46 0.75 0.75 $7.50





Target date 02/01/07 5.01 4.55 8.64 8.56 0.73 0.73 $7.30





Target date 02/01/07 4.79 4.40 7.66 7.30 0.71 0.71 $7.10










Asset Class

Inception Date


per $1,000




Target date 02/01/07 4.52 4.15 6.80 6.60 0.71 0.71 $7.10






Investment-Related Disclosure 1 Restricted and illiquid securities

may fall in price because of aninability to sell the securities whendesired. Investing in restrictedsecurities may subject the portfolioto higher costs and liquidity risk.

2 This is not one of the AmericanFunds and is not managed byCapital Group, the investmentmanager for the American Funds.See the prospectus, if applicable,or your plan’s financial professionalfor more information.

3 Performance is subject to the riskthat the advisor’s asset allocationand investment strategies do notperform as expected, which maycause the portfolio tounderperform its benchmark,other investments with similarobjectives, or the market ingeneral. The investment is subjectto the risk of loss of income andcapital invested, and the advisordoes not guarantee its value,performance, or any particular rateof return.

4 Investments that concentrate theirassets in a relatively small numberof issuers, or in the securities ofissuers in a particular market,industry, sector, country, or assetclass, may be subject to greaterrisk of loss than is a more widelydiversified investment.

5 Concentrating assets in small-capitalization stocks may subjectthe portfolio to the risk that thosestocks underperform other

capitalizations or the market as awhole. Smaller, less-seasonedcompanies may be subject toincreased liquidity risk comparedwith mid- and large-capcompanies and may experiencegreater price volatility than dothose securities because of limitedproduct lines, managementexperience, market share, orfinancial resources, amongother factors.

6 The issuer or guarantor of a fixed-income security, counterparty toan OTC derivatives contract, orother borrower may not be able tomake timely principal, interest, orsettlement payments on anobligation. In this event, the issuerof a fixed-income security mayhave its credit rating downgradedor defaulted, which may reducethe potential for income and valueof the portfolio.

7 Concentrating assets in the realestate sector or REITs maydisproportionately subject theportfolio to the risks of thatindustry, including loss of valuebecause of changes in real estatevalues, interest rates, and taxes, aswell as changes in zoning,building, environmental, and otherlaws, among other factors.Investments in REITs may besubject to increased price volatilityand liquidity risk, and shareholdersindirectly bear their proportionateshare of expenses because of theirmanagement fees.

8 Investments in securities traded inforeign currencies or more directlyin foreign currencies are subject tothe risk that the foreign currencywill decline in value relative to theU.S. dollar, which may reduce thevalue of the portfolio. Investmentsin currency hedging positions aresubject to the risk that the value ofthe U.S. dollar will decline relativeto the currency being hedged,which may result in a loss ofmoney on the investment as wellas the position designed to act asa hedge. Cross-currency hedgingstrategies and active currencypositions may increase currencyrisk because actual currencyexposure may be substantiallydifferent from that suggested bythe portfolio’s holdings.

9 Investments in emerging- andfrontier-markets securities may besubject to greater market, credit,currency, liquidity, legal, political,and other risks compared withassets invested in developedforeign countries.

10 Investments in foreign securitiesmay be subject to increasedvolatility as the value of thesesecurities can change more rapidlyand extremely than can the valueof U.S. securities. Foreign securitiesare subject to increased issuer riskbecause foreign issuers may notexperience the same degree ofregulation as U.S. issuers do andare held to different reporting,accounting, and auditingstandards. In addition, foreign



securities are subject to increasedcosts because there are generallyhigher commission rates ontransactions, transfer taxes, highercustodial costs, and the potentialfor foreign tax charges on dividendand interest payments. Manyforeign markets are relatively small,and securities issued in less-developed countries face the risksof nationalization, expropriation orconfiscatory taxation, and adversechanges in investment orexchange control regulations,including suspension of the abilityto transfer currency from a country.Economic, political, social, ordiplomatic developments can alsonegatively impact performance.

11 Because the investment’s marketvalue may fluctuate up and down,an investor may lose money,including part of the principal,when he or she buys or sellsthe investment.

12 The investment is not a depositor obligation of, or guaranteed orendorsed by, any bank and is notinsured by the Federal DepositInsurance Corporation, the FederalReserve Board, or any other U.S.governmental agency.

13 Active trading may create highportfolio turnover, or a turnover of100% or more, resulting inincreased transaction costs. Thesehigher costs may have an adverseimpact on performance andgenerate short-term capital gains,creating potential tax liability even

if an investor does not sell anyshares during the year.

14 A stake in any individual securityis subject to the risk that the issuerof that security performs poorly,resulting in a decline in thesecurity’s value. Issuer-relateddeclines may be caused by poormanagement decisions,competitive pressures,technological breakthroughs,reliance on suppliers, laborproblems or shortages, corporaterestructurings, fraudulentdisclosures, or other factors.Additionally, certain issuers maybe more sensitive to adverseissuer, political, regulatory, market,or economic developments.

15 The market value of theportfolio’s securities may fallrapidly or unpredictably becauseof changing economic, political, ormarket conditions, which mayreduce the value of the portfolio.

16 The value of equity securities,which include common, preferred,and convertible preferred stocks,will fluctuate based on changes intheir issuers’ financial conditions,as well as overall market andeconomic conditions, and candecline in the event ofdeteriorating issuer, market, oreconomic conditions.

17 The investment is intended to beheld for a substantial period oftime, and investors should toleratefluctuations in theirinvestment’s value.

18 Growth securities may be subjectto increased volatility as the valueof these securities is highlysensitive to market fluctuationsand future earnings expectations.These securities typically trade athigher multiples of currentearnings than do other securitiesand may lose value if it appearstheir earnings expectations maynot be met.

19 The investment is activelymanaged and subject to the riskthat the advisor’s usage ofinvestment techniques and riskanalyses to make investmentdecisions fails to perform asexpected, which may cause theportfolio to lose value orunderperform investments withsimilar objectives and strategies orthe market in general.

20 The value of fixed-income ordebt securities may be susceptibleto general movements in the bondmarket and are subject to interest-rate and credit risk.

21 Investments in below-investment-grade debt securities and unratedsecurities of similar credit quality,commonly known as "junk bonds"or "high-yield securities," may besubject to increased interest,credit, and liquidity risks.

22 Concentrating assets in aparticular industry, sector of theeconomy, or markets may increasevolatility because the investmentwill be more susceptible to theimpact of market, economic,



regulatory, and other factorsaffecting that industry or sectorcompared with a more broadlydiversified asset allocation.

23 Concentrating assets in mid-capitalization stocks may subjectthe portfolio to the risk that thosestocks underperform othercapitalizations or the market as awhole. Mid-cap companies may besubject to increased liquidity riskcompared with large-capcompanies and may experiencegreater price volatility than dothose securities because of more-limited product lines or financialresources, among other factors.

24 The investment's incomepayments may decline dependingon fluctuations in interest rates andthe dividend payments of itsunderlying securities. In this event,some investments may attempt topay the same dividend amount byreturning capital.

25 Investments in derivatives may besubject to the risk that the advisordoes not correctly predict themovement of the underlyingsecurity, interest rate, market index,or other financial asset, or that thevalue of the derivative does notcorrelate perfectly with either theoverall market or the underlyingasset from which the derivative'svalue is derived. Becausederivatives usually involve a smallinvestment relative to themagnitude of liquidity and otherrisks assumed, the resulting gain or

loss from the transaction will bedisproportionately magnified.These investments may result in aloss if the counterparty to thetransaction does not performas promised.

26 A portfolio that tracks an index issubject to the risk that certainfactors may cause the portfolio totrack its target index less closely,including if the advisor selectssecurities that are not fullyrepresentative of the index. Theportfolio will generally reflect theperformance of its target indexeven if the index does not performwell, and it may underperform theindex after factoring in fees,expenses, transaction costs, andthe size and timing of shareholderpurchases and redemptions.

27 Investments in futures contractsand options on futures contractsmay increase volatility and besubject to additional market, activemanagement, interest, currency,and other risks if the contractcannot be closed when desired.

28 Value securities may be subjectto the risk that these securitiescannot overcome the adversefactors the advisor believes areresponsible for their low price orthat the market may not recognizetheir fundamental value as theadvisor predicted. Value securitiesare not expected to experiencesignificant earnings growth andmay underperform growth stocksin certain markets.

29 Investments in mortgage-backedand asset-backed securities maybe subject to increased pricevolatility because of changes ininterest rates, issuer informationavailability, credit quality of theunderlying assets, marketperception of the issuer,availability of credit enhancement,and prepayment of principal. Thevalue of ABS and MBS may beadversely affected if theunderlying borrower fails to paythe loan included in the security.

30 Investments in U.S. governmentobligations are subject to varyinglevels of government support. Inthe event of default, some U.S.government securities, includingU.S. Treasury obligations andGinnie Mae securities, are issuedand guaranteed as to principal andinterest by the full faith and creditof the U.S. government. Othersecurities are obligations of U.S.government-sponsored entitiesbut are neither issued norguaranteed by the U.S.government.

31 Unlike other fixed-incomesecurities, the values of inflation-protected securities are notsignificantly impacted by inflationexpectations because their interestrates are adjusted for inflation.Generally, the value of inflation-protected securities will fall whenreal interest rates rise and risewhen real interest rates fall.



32 Leverage transactions mayincrease volatility and result in asignificant loss of value if atransaction fails. Because leverageusually involves investmentexposure that exceeds the initialinvestment, the resulting gain orloss from a relatively small changein an underlying indicator will bedisproportionately magnified.

33 Investments in debt securitiesissued or guaranteed bygovernments or governmentalentities are subject to the risk thatan entity may delay or refuse topay interest or principal on itssovereign debt because of cashflow problems, insufficient foreignreserves, or political or otherconsiderations. In this event, theremay be no legal process forcollecting sovereign debts that agovernmental entity hasnot repaid.

34 Selling securities short may besubject to the risk that an advisordoes not correctly predict themovement of the security, resultingin a loss if a security must bepurchased on the market above itsinitial borrowing price to return tothe lender, in addition to interestpaid to the lender for borrowingthe security.

35 The issuer of a debt security maybe able to repay principal prior tothe security’s maturity because ofan improvement in its creditquality or falling interest rates. Inthis event, this principal may have

to be reinvested in securities withlower interest rates than theoriginal securities, reducing thepotential for income.

36 Most securities are subject to therisk that changes in interest rateswill reduce their market value.

37 Returns will vary for a stable valueinvestment, so you may losemoney. The investment does nothave a prospectus. For moreinformation about investing in it,ask your employer or your plan’sfinancial professional.

38 A portfolio’s risks are closelyassociated with the risks of thesecurities and other investmentsheld by the underlying orsubsidiary funds, and the ability ofthe portfolio to meet its investmentobjective likewise depends on theability of the underlying funds tomeet their objectives. Investmentin other funds may subject theportfolio to higher costs thanowning the underlying securitiesdirectly because of theirmanagement fees.

39 The S&P Target Date Through2050 Index began on 5/30/2008.From 2/1/2007 through5/29/2008, the S&P Target Date2045 Index was used.

40 The S&P Target Date Throughseries indexes (2010-2045) beganon 5/31/2007. From 2/1/2007through 5/30/2007, the S&P TargetDate series was used.

Please read the followingimportant disclosure.Investment results assume alldistributions are reinvested andreflect applicable fees andexpenses. Expense ratios are as ofeach fund’s prospectus available atthe time of publication. Netexpense ratios reflect any currentwaivers and/or reimbursements tothe funds; gross expense ratios donot. When applicable, investmentresults reflect fee waivers and/orexpense reimbursements, withoutwhich results would have beenlower. For more information,please see your plan’s website.

Lifetime returns for less than oneyear aren't annualized, but arecalculated as cumulativetotal returns.

Some investment names may beabbreviated due to spacelimitations. For a list of the fullnames of the American Funds,including trademark information,visitamericanfundsretirement.com.

The indexes are unmanaged and,therefore, have no expenses.Investors cannot invest directly inan index. There have been periodswhen the investments have laggedthe indexes.

Share ClassAmerican Funds Class R-4 shareswere first offered on May 15, 2002.Class R-4 share results prior to thedate of first sale are hypothetical



based on Class A share resultswithout a sales charge, adjustedfor typical estimated additionalexpenses. Results for certain fundswith an inception date after May15, 2002, also include hypotheticalreturns because those funds' ClassR-4 shares sold after the funds'date of first offering. Please see theprospectuses for more informationon specific expenses.

Important Information AboutOutside FundsBecause your plan offersinvestments that aren’t managedby Capital Group (the investmentmanager for the American Funds),the share classes may vary. Ifyou’re interested in learning moreabout these share classes, pleaseread the most recentprospectuses, if applicable. Theprospectus also contains detailsabout specific investment risks andkey financial data, such as fees andexpenses. You can obtainprospectuses from your employer.

Information about investmentsother than the American Funds isprovided by Morningstar, Inc.Results displayed for some ofthese investments may representhypothetical results for periodsprior to the inception dates of theshare classes and are based onMorningstar’s calculations. Pastresults are not predictive of futureresults. If you have questions aboutthe results, contact your employeror your plan’s financial

professional. The informationshown on these pages may not becopied or distributed, and wecannot guarantee it to be accurate,complete or timely. NeitherMorningstar nor its contentproviders are responsible for anydamages or losses arising fromany use of this information.

ManagerThe American Funds are managedby Capital Group, one of thelargest investment managementorganizations in the world. Since1931, the company has investedwith a long-term focus based onthorough research and attention torisk — an investment style similar tothat of most people savingfor retirement.


Documents

Notice of Changes to Your Retirement Plan Investment Options · American Funds Capital Income Builder ® American Funds Global Balanced ® American Funds Income Fund of America