Annual Statement of Disclosure Your Plan

Annual Statement of Disclosure

Each year, the Department of Labor requires that you receive certain information about any retirement plans you are eligible to participate in. The information contained in this document relates to the Red Lion Hotels Corporation Retirement Savings Plan.

General Plan Information This section provides you with information about the plan in general, including any expenses you might incur through participation in the plan or through taking advantage of different plan features. If you have questions about this information, contact Randall & Hurley.

Plan Information As a Plan participant, you may request certain information from your Plan Sponsor. This information includes: annual operating expenses of the Plan investments; copies of prospectuses, financial statements, report, or other materials relating to Plan investments provided to the Plan; a list of assets contained in each plan investment portfolio; the value of those assets and the fund units or shares; and the past and current performance of each Plan investment.

You give investment directions for your plan account, selecting from investment choices provided under the Plan, as determined by your Plan Sponsor. You may change your investment choices at any time at .

The Plan is intended to be be an ERISA Section 404(c) plan. This simply means that you "excercise control" over some or all of the investments in your Plan account. The fiduciaries of the Plan may be relieved of liability, or responsibility, for any losses that you may experience as a direct result of your investment decisions.

Administrative Expenses The plan hires outside professionals to provide recordkeeping, custodial, administration, investment advisory and other services such as legal and accounting. The cost for these services fluctuates each year based on a variety of factors. Your portion of these expenses is $15 annually if you are an active employee and $30 annually if you are no longer employed by Red Lion Hotels Corporation but have an account balance in the Plan.

Individual Expenses In the event of the divorce of a participant, the review and processing of a Qualified Domestic Relations Order ("QDRO") will result in a $500 charge to the affected participant's account if the Plan's Model QDRO form is used. If the Plan's Model QDRO form is not used, then the amount charged will be based on time and expense; which could be greater.

Loan application and forms Your account may incur charges for transactions that you request as follows: Participant Loan Application, Forms and Amortization Schedules $125.00

Annual Loan Maintenance Fee Your account may incur charges for Loan Maintenance fees each year a loan balance is outstanding. The Loan Maintenance fee is $50 annually.

Distribution Processing & Forms Your account may also incur charges for transactions that you request as follows: Termination/Death/Disability/QDRO or In-Service Distribution Request $75

Required Minimum Distribution In the event of a Required Minimum Distribution withdrawal request, a fee of $75 for the calculation and review and a fee of $75 for the processing of the distribution will be charged to the affected participant's account.

Hardship Withdrawal Calculation In the event of a qualifying hardship withdrawal request, a fee of $75 for the calculation and review and a fee of $75 for the processing of the distribution will be charged to the affected participant's account.

Associated Banking Fees Additional charges may be incurred in relation to the requested transactions: $10 check fee, $5 ACH transfer fee, or $20 wire fee.

Your Plan

Plan ID: RED103 Red Lion Hotels Corporation Retirement Savings Plan

More Information

Administrative questions? Information about general plan features, your investment options, fees and expenses and how to change your investments.

A Randall & Hurley, Inc. q 509 838 5500 | 888 682 4406 E

info@randall- P

1328 N Whitman Lane H Liberty Lake, WA 99019

randall-

Terminology questions? Access a glossary of investment-related terms to better understand your plan.

H comments-and-materials.php

Investment questions? Information about available investment options and to obtain investment advice

A Retirement Plan Advisors RBC Wealth Management

q 866 416 9716

E @

P 1918 - 8th Avenue Suite 3600 Seattle WA 98101

Investment Options and Performance

Listed below are historical returns as of 6/30/2021 for all designated investment options in your plan. Past performance is no guarantee of future results and current performance may be lower or higher than the performance shown.

The cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings. Visit the Department of Labor's website to see an example of the long-term effect of fees and expenses at agencies/ebsa/about-ebsa/our-activities/resource-center/publications/understanding-your-retirement-plan-fees . Fees and expenses are only one of many factors to consider when you decide to invest in an option. Shareholder fees shown are in addition to Annual Gross Expenses. Restrictions imposed by the investment alternative shown below are in addition to any restrictions imposed by the plan.

Average Annual Total Returns

Symbol Fund/Portfolio

1 Year

5 Years

10 Since Years Inception

Diversified Emerging Mkts

ODVIX

Invesco Oppenheimer Developing Mkts R6

Benchmark: MSCI EM NR USD

as of 6/30/2021

37.35 % 41.43 %

14.01 % 13.63 %

N/A 5.05 %

8.59 %

Foreign Large Blend

VTIAX

Vanguard Total Intl Stock Index Admiral

Benchmark: MSCI ACWI Ex USA NR USD

as of 6/30/2021

36.51 % 39.78 %

11.10 % 5.71 % 15.17 % 10.47 %

Foreign Large Growth

MINJX

MFS International Value R5

Benchmark: MSCI ACWI Ex USA Growth NR USD

RERGX

AF Europacific Growth R6 Benchmark: MSCI ACWI Ex USA Growth NR USD

as of 6/30/2021 as of 6/30/2021

25.32 % 37.25 % 40.10 % 37.25 %

12.95 % 11.08 % 11.76 % 6.51 % 14.50 % 8.33 % 11.76 % 6.51 %

Intermediate Core Bond

VBTLX

Vanguard Total Bond Market Index Adm

as of 6/30/2021 -0.42 % 2.99 % 3.36 %

Benchmark: BBgBarc US Agg Bond TR USD

-0.30 % 3.02 % 3.34 %

Market Timing Restrictions Redemptions of any amount will preclude reinvesting in the fund for 60 calendar days after the redemption transaction.

Intermediate Core-Plus Bond PTRQX PGIM Total Return Bond R6

Benchmark: BBgBarc US Universal TR USD

as of 6/30/2021

2.70 % -0.30 %

4.31 % 4.76 % 3.02 % 3.34 %

Large Blend

VFIAX

Vanguard 500 Index Admiral

as of 6/30/2021 40.76 % 17.61 % 14.80 %

Benchmark: Russell 1000 TR USD

42.24 % 18.02 % 14.93 %

Market Timing Restrictions Redemptions of any amount will preclude reinvesting in the fund for 60 calendar days after the redemption transaction.

Large Growth

TBCIX

T Rowe Blue Chip Growth I

Benchmark: Russell 1000 Growth TR USD

as of 6/30/2021

36.78 % 42.59 %

24.23 %

N/A

22.65 % 17.37 %

20.37 %

Large Value CDDYX Columbia Dividend Income Inst3

Benchmark: Russell 1000 Value TR USD

as of 6/30/2021

36.18 % 41.61 %

14.37 %

N/A

13.43 % 12.39 %

14.24 %

Mid-Cap Blend

VIMAX

Vanguard Mid Cap Index Fund Adm

as of 6/30/2021 46.90 % 15.75 % 13.12 %

Benchmark: Russell Mid Cap TR USD

48.80 % 16.40 % 13.71 %

Market Timing Restrictions Redemptions of any amount will preclude reinvesting in the fund for 60 calendar days after the redemption transaction.

Real Estate VGSLX Vanguard REIT Index Adm

Benchmark: S&P United States REIT TR USD

as of 6/30/2021

34.37 % 32.84 %

7.08 % 9.73 % 7.46 % 9.38 %

Small Growth CCALX Conestoga Small Cap Institutional

Benchmark: Russell 2000 Growth TR USD

as of 6/30/2021

36.25 % 52.09 %

20.43 %

N/A

17.96 % 13.05 %

16.95 %

Annual Gross Expense Ratio

As a

Per

% $1,000

0.82% $8.20

0.11% $1.10

0.63% $6.30 0.46% $4.60

0.05% $0.50

0.41% $4.10 0.04% $0.40

0.56% $5.60 0.57% $5.70 0.05% $0.50

0.12% $1.20 1.00% $10.00

Symbol Fund/Portfolio

Small Value JDSNX Janus Henderson Small Cap Value

Benchmark: Russell 2000 Value TR USD

STABLE VALUE

MET0J

MetLife Stable Value Sol Fd CL J Cl 0

Benchmark: FTSE 3-Month T-Bill

Target Date Funds RFDTX AF Target Retirement 2025 R6

Benchmark: Morningstar Lifetime Mod 2025 TR USD

RFETX

AF Target Retirement 2030 R6 Benchmark: Morningstar Lifetime Mod 2030 TR USD

RFFTX

AF Target Retirement 2035 R6 Benchmark: Morningstar Lifetime Mod 2035 TR USD

RFGTX

AF Target Retirement 2040 R6 Benchmark: Morningstar Lifetime Mod 2040 TR USD

RFHTX

AF Target Retirement 2045 R6 Benchmark: Morningstar Lifetime Mod 2045 TR USD

RFITX

AF Target Retirement 2050 R6 Benchmark: Morningstar Lifetime Mod 2050 TR USD

RFJTX

AF Target Retirement 2015 R6 Benchmark: Morningstar Lifetime Mod 2015 TR USD

RFKTX

AF Target Retirement 2055 R6 Benchmark: Morningstar Lifetime Mod 2055 TR USD

RFTTX

AF Target Retirement 2010 R6 Benchmark: Morningstar Lifetime Mod 2010 TR USD

RFUTX

AF Target Retirement 2060 R6 Benchmark: Morningstar Lifetime Mod 2060 TR USD

RFVTX

AF Target Retirement 2065 R6 Benchmark: Morningstar Lifetime Mod 2060 TR USD

RRCTX

AF Target Retirement 2020 R6 Benchmark: Morningstar Lifetime Mod 2020 TR USD

World Allocation

RIRGX

AF Capital Inc Bldr R6

Benchmark: Morningstar Gbl Allocation TR USD

Average Annual Total Returns

1 Year

5 Years

10 Since Years Inception

as of 6/30/2021

43.57 % 74.72 %

9.84 %

N/A

12.67 % 11.11 %

10.77 %

as of 6/30/2021

1.65 % 0.08 %

2.22 % 2.28 % 1.14 % 0.60 %

as of 6/30/2021 as of 6/30/2021 as of 6/30/2021 as of 6/30/2021 as of 6/30/2021 as of 6/30/2021 as of 6/30/2021 as of 6/30/2021 as of 6/30/2021 as of 6/30/2021 as of 6/30/2021 as of 6/30/2021

20.71 % 22.14 % 24.88 % 25.93 % 30.39 % 30.55 % 33.68 % 34.74 % 34.54 % 37.39 % 35.03 % 38.42 % 17.22 % 17.73 % 35.08 % 38.71 % 15.38 % 16.46 % 35.10 % 38.83 % 35.19 % 38.83 % 17.98 % 19.56 %

10.40 % 9.42 % 10.11 % 8.33 %

11.99 % 10.36 % 11.18 % 9.00 %

13.81 % 11.22 %

12.17 % 9.54 %

14.61 % 11.64 %

12.89 % 9.85 %

14.93 % 11.79 % 13.22 % 9.93 %

15.11 % 11.88 % 13.30 % 9.88 %

8.14 % 7.63 %

8.47 % 7.10 %

15.11 % 11.88 %

13.29 % 9.78 %

7.53 % 7.08 % 7.82 % 6.58 %

15.09 %

N/A

13.25 % 9.70 %

N/A

N/A

13.25 % 9.70 %

8.93 % 8.29 % 9.21 % 7.68 %

12.11 % 47.81 %

as of 6/30/2021

23.01 % 24.53 %

7.45 % 7.27 % 10.20 % 7.43 %

Annual Gross Expense Ratio

As a

Per

% $1,000

0.86% $8.60

0.49% $4.90

0.33% $3.30 0.35% $3.50 0.37% $3.70 0.38% $3.80 0.39% $3.90 0.39% $3.90 0.30% $3.00 0.39% $3.90 0.30% $3.00 0.40% $4.00 0.45% $4.50 0.31% $3.10

0.27% $2.70

Footnotes

Department of Labor Website: For more information about individual investing and diversification, please visit ebsa/investing.html.

Please consult your Summary Plan Description for specific information on plan provisions.

Importance of Diversification: To help achieve long-term retirement security, you should give careful consideration to the benefits of a well-balanced and diversified investment portfolio. Market and other economic conditions that cause one security or assets category to perform very well often cause another security or asset category to perform poorly. By investing in the multiple asset categories, you may be able to limit your losses and reduce investment return fluctuations. If you invest more than 20% of your retirement savings in any one company or industry, your savings may not be properly diversified. Although diversification is not a guarantee against loss, it is an effective strategy to help you manage investment risk.

In deciding how to invest your investment portfolio, no single approach is right for everyone. You should consider your financial goals, time horizons, savings outside of the plan, and your risk tolerance. You should also periodically review your portfolio, investment objectives, and investment options under the plan to ensure that your retirement savings will meet your retirement goals.

It is also important to periodically review your investment portfolio, your investment objectives, and the investment options under the plan to help ensure that your retirement savings will meet your retirement goals.

Investment Performance and Expense Data: (c) 2013 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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