SUMMARY ANNUAL REPORTS

The Employee Retirement Income Security Act of 1974 (ERISA) requires employers to file annual reports with the Internal Revenue Service and the U.S. Department of Labor on the status of their various employee benefit plans, and to provide employees with a summary of those reports, called a Summary Annual Report. The following are summaries of the full reports filed with the Internal Revenue Service under Employer Identification Number 31-0536715 (The University of Dayton).

These reports require no action from you. They are for informational purposes only. If you have any questions about these reports, please call the Office of Human Resources at (937) 229-2541.

You have the right to receive a copy of any full annual report, or any part thereof, including insurance information, upon request. To obtain a copy of the full annual report or any part thereof, write or call the Office of Human Resources, 300 College Park , Dayton , Ohio 45469-1614 , (937) 229-2541. The charge to cover copying costs will be $1.50 for any of the full reports, or $.25 per page for any part.

You also have the legally protected right to examine any annual report at the main office of the plans, the University of Dayton Office of Human Resources, 300 College Park, St. Mary's Hall Room 118, Dayton, Ohio 45469-1614, and at the U.S. Department of Labor in Washington, D.C. upon payment of copying costs. Requests to the Department of Labor should be addressed to: Public Disclosure Room, N-1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W. , Washington , D.C. 20210 .

Health Care and Dental Insurance Plans

The plan had a contract with Anthem Blue Cross and Blue Shield and Superior Dental Care to pay all claims incurred under the terms of the plan. The total premiums paid for the plan year ending December 31, 2007 were $1,612,641.

Because the dental plan is an “experience rated” contract, the premium costs are affected by, among other things, the number and size of claims. Of the total insurance cost for the plan year ending December 31, 2007, the premiums paid by the University under “experience rated” contracts were $1,018,111 and the total of all benefit claims paid under the “experience rated” contract during the past year was $911,884.

Group Life Insurance Plan

The plan has a contract with MetLife to pay claims incurred under the terms of the plan. The total premiums paid for the plan year ending December 31, 2007, were $290,851.

Because it is an "experience rated" contract, the premium costs are affected by, among other things, the number and size of claims. Of the total insurance cost for the plan year ending December 31, 2007, the premiums paid under such experience rated contracts were $290,851, and the total of all benefits claims paid under these experience rated contracts during the plan year was $109,000.

Tax Deferred Annuity Plan

Benefits under the plan are provided by individually owned, fully vested annuity contracts which may be issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equity Fund (CREF), and/or Lincoln National Life Insurance Company, as well as a number of investment options with Fidelity Investments Tax-Exempt Services Company.

The total premiums paid for the plan year ending December 31, 2007 were $9,940,051.

Retirement Plan

Benefits under the plan are provided by individually owned annuity contracts issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equity Fund (CREF).

Plan expenses were $5,692,196. These expenses included $5,692,196 for benefits paid to participants and beneficiaries and to insurance carriers for the provision of benefits. A total of 2154 active persons were participants in the plan at the end of the plan year, although not all of these persons had not yet earned the right to receive benefits.

The value of the plan assets, after subtracting liabilities of the plan was $81,471,945 as of December 31, 2007, compared to $72,815,833 as of December 31, 2006. During the plan year, the plan experienced an increase in its net assets of $8,656,112. This increase includes unrealized appreciation or depreciation in the value of plan assets, that is, the difference between the value of the plan's assets at the end of the year, and the value of the plan's assets at the beginning of the year. The plan had a total income of $14,348,308 including employer contributions of $7,840,849.

The total premiums paid for allocated contracts issued by TIAA for the plan year ending December 31, 2007, were $2,032,701.

Long Term Disability Plan

The plan has a contract with MetLife to pay disability claims incurred under the terms of the plan. The total premiums paid for the plan year ending December 31, 2007, were $2,032,701.

Group Long Term Care Plan

The plan has a contract with CNA to pay all claims incurred under the terms of the plan. The total premiums paid for the plan year ending December 31, 2007 were $39,923.

Supplemental Life Insurance Plan

The plan has a contract with MetLife to pay all claims incurred under the terms of the plan. The total premiums paid for the plan year ending December 31, 2007 were $159,656.

The plan has a contract with MetLife to pay all claims incurred under the terms of the plan. The total premiums paid for the year ending December 31, 2007 were $130,895.