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The Directed Account Plan Expense Overview for 2010, including operating expenses, mutual fund expenses, plan fees and option and model expense ratios.

Average Plan Assets in 2010 $766,849,564
Total Operating Expenses $907,249
-Recordkeeping
-Trustee
-Administration
-Personnel
-Communication
Operating Expenses as a percent of assets 12
Approximate investment manager fees* 35
Other Mutual Fund Expenses** 6
Total Plan Fees and Expenses as a percent of assets 53 basis points

*Mutual Fund Investment Fee Avg.

**Includes Mutual Fund Transaction Fees, 12b-1 Fees, Administrative Fees, and all other Asset-based costs incurred by the funds.  Does not include transaction costs of participant activity, which is reflected in each BlackRock NAV, lowering BlackRock performance.

Option***

(Basis Points)

Morningstar Average

(Basis Points)

Stable Value 30 n/a
Value Stock 97 94 LV, 108 MV
Equity Index 20 n/a
Growth Stock 91 105 LG, 116 MG
International Stock 121 118
Diversified Small Co. Stock 94 111
Retirement Model 37 68**
Conservative Model 41 66*
Moderate Model 63 68*
Aggressive Model 74 99*

*From Morningstar models

**From an advisor-recommended asset allocation Model

***Expense ratio includes operating expenses and investment manager fees.

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