This is a supplemental retirement plan which provides employees with the opportunity
to invest money on a before tax basis, using payroll deduction. Because your taxable
income is reduced, you can invest money and defer taxes. The before tax aspect is
what makes tax deferred annuities very attractive. Participants defer federal and
state income tax on their contributions. In addition, interest or earnings on your
account accumulates tax-deferred. No taxes are paid on the account until you begin
withdrawing funds.

For more information about New York Life, please visit their home page at http://www.newyorklife.com.

You can also contact your local New York Life agent, Gary Sandifer, at (504) 542-0483.

EGTRRA (Economic Growth and Tax Relief Reconciliation Act) of 2002 allows for the
following contribution limits on tax-deferred annuities for 2018: $18,500.00 per year, plus an additional $6000.00 additional for participants over age 50. An
additional $3000 catch-up provision may also be available for those eligible.

Call (985)549-2057 for more information.