Catholic Diocese of Columbus 403(b) Plan...2016/12/16 · • View and download your quarterly electronic statements • Reset/enable your PIN and user ID If you are having trouble

RS2070_FRCVR 714

Catholic Diocese of Columbus 403(b) Plan

Prepared for:

RS2070_WELCOME 614

Welcome

Jim Gleason Ameriprise Financial Srvcs Inc (614) 848-3437

William S. Davis Finance Director

Catholic Diocese of Columbus is pleased to offer you a retirement plan as a benefit to help you save

and invest for retirement. It’s one way to thank you for your contribution to the organization’s

success.

This booklet walks you through the basics of the Catholic Diocese of Columbus 403(b) Plan and how

to get started. You’ll also find information to help you make a plan for your life in the future that

works for your life right now.

Please review the enclosed information carefully to get started as soon as you can.

If you have questions or for more information, please visit www.massmutual.com/serve, contact your

benefits administrator or:

We hope you’ll take full advantage of this important benefit.

RS2070_ACCESS 1016

easy access to your account

Two easy ways to monitor and manage your account.

1. ONLINE

Log into our website at www.massmutual.com/serve. Here you can access powerful retirement planning tools and calculators, and manage your account — anytime, from virtually anywhere.

You’ll be able to:

• Obtain current account balances

• Change your investment options

• Perform account transactions

• Transfer (exchange) balances between investment options*

• Check current investment prices and performance

• View and download your quarterly electronic statements

• Reset/enable your PIN and user ID

If you are having trouble accessing your account for the first time, please contact your Participant Service Center at 1-800-528-9009 for assistance.

* You are allowed to submit a total of 20 transfer requests

each calendar year for your participant account by any permitted means. Once these 20 transfers have been requested, you may submit any additional transfer requests only in writing by U.S. mail. Transfers as a result of dollar-cost averaging (if applicable) do not count toward the 20-transfer limit. Each calendar year, MassMutual resets your transfers to allow 20 new transfers by all approved methods.

2. BY PHONE

1-800-528-9009 With our voice-activated telephone system, you control the call to get the information you need from any telephone, at any time, simply by speaking. Please provide your user ID and PIN when prompted. This will help expedite your call should you need to speak with a MassMutual customer service representative. The system will ask you to state the reason for your call. Simply speak clearly and the system will respond accordingly. Do you prefer receiving your retirement account information in a language other than English? Access to the Language Line is available in over 140 languages through a Customer Service Representative during normal business hours.

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EMPLOYEE INFORMATION Group No: Social Security No: Employer: Dept./Location:

Employee Name: (Last, First, M.I.) Phone Number:

Mailing Address: City: State: Zip:

Date of Birth: Sex: Date of Hire: Date of Eligibility:

CONTRIBUTION ELECTIONS Please refer to the Plan or contact your Plan Sponsor for information about the deferral options under the Plan. <<BContrElect>> <<BRContrElect>> <<AContrElect>> <<ERContribElect>> <<CurrentSalary>>

The above information is for MassMutual’s records only. This does not replace a Salary Deferral Agreement which may be required by your Employer.

<<Age50Catchup>> <<15YrCatchup>>

INVESTMENT ELECTION <<EnrollInvElect>>

<<SelectNote>>____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> ____% <<FIy>> <<LongName>> <<EnrollFormGANote>>

<<EnrollAAMGovtPara>> <<AAModelName1>> <<AAModelName2 <<AAModelName3>> <<AAModelName4 <<AAModelName5>

> <<AAModelName6>> <<AAModelName7>>

<<AAModelName8>> <<AAModelName9>>

<<CIDProgram>>

<<NAICFormComplete>> <<NAICQuest>>

<<SignDisclPara>>

<<SignPart>>

HL-20330

Mail Address: MassMutual Retirement Services, PO Box 1583, Hartford, CT 06144-1583 Fax Number: 877-526-2531 or 800-678-8645

M F

753380

Account Opening Form 403(b)(7) Custodial Account/ 403(b)(1) Group Annuity Contract

_____% ZL AB High Income-A _____% CG American Funds Capital Income Builder-R3 _____% 7K American Funds EuroPacific Growth-R3 _____% 7X American Funds New Perspective-R3 _____% TE Ave Maria Bond-R _____% EI Ave Maria Catholic Values _____% EO Ave Maria Growth _____% ZK Ave Maria Rising Dividend _____% Z9 Delaware Extended Duration Bond A _____% 6K Dreyfus Bond Market Index-INV _____% LQ Dreyfus Midcap Index _____% LR Dreyfus Small Cap Stock Index _____% 10 General Account* _____% B7 Goldman Sachs Small Cap Value-A _____% 9K Invesco Small Cap Growth-A _____% KI JPMorgan SmartRetirement 2020-A _____% IU JPMorgan SmartRetirement 2030-A _____% IW JPMorgan SmartRetirement 2040-A

_____% IY JPMorgan SmartRetirement 2050-A _____% IZ JPMorgan SmartRetirement Income-A _____% JO JPMorgan US Equity-A _____% YI MFS International Value-R3 _____% BX MFS Research International-R3 _____% YL Oppenheimer International Diversified A _____% K6 Perkins MidCap Value-S _____% PP PIMCO Real Return-A _____% GK Premier Barings High Yield-R4 _____% GO Prudential Jennison Mid-Cap Growth Fund-A _____% BN Putnam Equity Income-R _____% SC T.Rowe Price Growth Stock-R _____% A7 TIAA-CREF Equity Index R _____% A8 TIAA-CREF Large-Cap Growth Index R _____% A9 TIAA-CREF Large-Cap Value Index R _____% X7 Victory Sycamore Established Value-A _____% 7O Victory Sycamore Small Company Opportunity-A

The above information is for MassMutual's records only. This does not replace a Salary Deferral Agreement which may be required by your Employer.

I am utilizing the age 50+ catch-up provision.

I am utilizing the "15 year rule" catch-up provision. Please complete a 15 Year Rule Notification form.

INVESTMENT ELECTION I elect to have my future contributions invested as follows. I understand that this form is to be used to record my initial investment option election and may not be used for investment option transfers or investment option allocation changes. To make investment changes please call 1-800-528-9009 or visit massmutual.com/serve. SELECTIONS MUST BE IN WHOLE PERCENTAGES TOTALING 100%.

*Offered through a Group Fixed Annuity Contract issued by Hartford Life Insurance Company. Contracts issued by Hartford Life Insurance Company. Contracts administered by Massachusetts Mutual Life Insurance Company. SIGNATURES I agree to be bound by the terms of the prospectus for each mutual fund (“fund”) in which I am investing. I am investing in shares after reviewing a fund profile and I understand that I will receive the prospectus upon the purchase of those shares. I acknowledge that it is my responsibility to read the prospectus of any fund into which I exchange.

Catholic Diocese of Columbus

ENROLLMENT HL-20330

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I understand that an investment in each fund involves risk and that investment return and principal value will fluctuate so that when redeemed any shares in my account may be worth more or less than their original cost; that any dividends and capital gains will be automatically reinvested in the same fund(s) that paid them; and that fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank or insurance company, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency of the U.S. government. I understand that the General Account investment option, is not a mutual fund and that transfers from that option may be restricted according to the terms and provisions of my employer’s group annuity contract. I acknowledge that I have read and understand the state specific Fraud Warning Statement, or the NAIC Model Fraud Statement, as applicable. Ohio: Any person who, with intent to defraud or knowing that he is facilitating a fraud against an insurer, submits an application or files a claim containing a false or deceptive statement, is guilty of insurance fraud. I acknowledge receipt of the Participant Disclosure Information and understand that my account may be subject to fees and charges for recordkeeping and administrative services as detailed therein. Both the Employer and the Employee acknowledge and understand that the Employee has total responsibility for deciding whether to defer income and for instructing to whom the Employer is to provide the deferred income for investment purposes. The Employee may only contribute amounts that have not already been paid or made available. The Employee agrees and acknowledges that contributions shall not exceed the Internal Revenue Code deferral limit. This Agreement is legally binding and irrevocable for both the Employer and the Employee with respect to amounts paid while this Agreement is in effect and while employment continues. The Employee may terminate or otherwise modify this agreement at any time by giving written notice so that this agreement will not apply to salary subsequently paid. I affirm that the information on this form is accurate and complete, to the best of my knowledge. Signed in the State of _____________ on __________________ _________________________________________________ Date Participant Signature

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) (of which Retirement Services is a division) and its affiliated companies and sales representatives.

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Group Number: Social Security Number: Employer:

Employee Name: Last, First,M.I.

Mailing Address:

City: State: Zip:

Home Phone: Work Phone: Ext:

BENEFICIARY INFORMATION

Upon your death, all proceeds from the Plan will be paid to your beneficiary(ies) in the order specified below. Only you, the

participant, may change the designation. If you do not designate a beneficiary, or your beneficiary, if any, does not survive you,

your death benefit will be paid according to the terms of the plan.

Primary Beneficiary (ies) Percentage of

Full name of Individual or Trust Date of Relationship to Death Benefit

(and date of trust if applicable) Address and Phone No. SS#/TIN Birth the Participant (whole percentage*)

Contingent Beneficiary (ies) Percentage of

Full name of Individual or Trust Date of Relationship to Death Benefit

(and date of trust if applicable) Address and Phone No. SS#/TIN Birth the Participant (whole percentage*)

Please see the following page for examples of proper beneficiary designations.* If the participant wishes to designate beneficiaries to share equally, then a percentage should not be listed.

Receipt of this form in the offices of your Employer cancels all prior beneficiary designations filed with your Employer. No

change of Beneficiary will take effect until this request has been received in good order by your Employer.

I hereby designate the person(s) listed above as my beneficiary(ies) under the Plan.

____________________________________________________ ______________________Participant Signature Date

Keep a copy for your records. Do not return to MassMutual.

CONTINGENT TOTAL: 100%

PRIMARY TOTAL: 100%

Form HVL-487-4 Rev. 2.15 page 1 of 2 benepsh.pdf

Beneficiary Designation Form

Form to Be Retained by Plan Administrator

Catholic Diocese of Columbus 753380

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A. A married woman should be indicated by her given name, not that of her husband.

For example, Mary N. Jones, not Mrs. John R. Jones.

B. Please complete the Beneficiary Designation including name, address, phone number, Social Security number, date of birth,

relationship and percentage of death benefit. The percent of benefit must total 100% for all primary beneficiaries named. If

naming contingent beneficiary(ies) the total percentage for this designation must equal 100%. If the participant wishes to

designate beneficiaries to share equally, then a percentage should not be listed.

Listed below are some common beneficiary designations:

One Primary Beneficiary: Jane Doe, wife, 100%

Two or more Primary Beneficiaries:

John Doe, son, 33% John Doe, son, John Doe, son, 33%

Carol Smith, daughter, 33% or Carol Smith, daughter, or Carol Smith, daughter, 33%

Mark Doe, son, 34% Mark Doe, son Mark Doe, son 34%

equally among the survivors per stirpes

(designates their share to their children)

Contingent Beneficiaries:

John Doe, son, 33% John Doe, son John Doe, son, 33%

Carol Smith, daughter, 33% or Carol Smith, daughter, or Carol Smith, daughter, 33%

Mark Doe, son 34% Mark Doe, son Mark Doe, son 34%

equally among the survivors per stirpes

(designates their share to their children)

Participant’s Estate: Participant’s Estate

Trustee: Jane Doe, trustee under trust agreement* dated...

* If the word “trustee” is used in a Beneficiary designation, the date of the execution of the trust agreement or a copy of the trustagreement must be furnished.

Beneficiary Designation

Form HVL-487-4 Rev. 2.15 page 2 of 2 benepsh.pdf

MassMutual FinancialGroup is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) (of which Retirement Services is a division) and

its affiliated companies and sales representatives.

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403(b) Rollover In or Transfer/Exchange In Form Checklist

Participant Rollover-In or Transfer/Exchange-In Checklist

Use this checklist to expedite processing of your request.

Is the Prior Provider information complete with name and address on the form? (Note:Check with your Prior Provider to ensure you obtain their form processing address. We will mail your request to the address that you indicate on our forms regardless of any other address supplied to us.)

Is the Prior Provider’s account number on the form? (Note: If there are multiple accounts, a completed form needs to be submitted for each account.)

Were all Prior Provider requirements met? (Check with your Prior Provider to determinewhat their requirements are for forms, signatures, etc. to avoid delay in processing.)

Does the Prior Provider require all original forms? (Note: Original forms can be mailed to the address listed in Section D of the “403(b) Rollover-In or Transfer/Exchange-In Form.”)

Is this a Rollover OR a Transfer/Exchange? (Make sure you have selected either Rolloveror Transfer/Exchange on the form, as we use one form for both purposes. Explanation of each can be found directly on the form.)

Did you submit your Enrollment paperwork? (MassMutual Retirement Services ("MassMutual") must receive a completed Enrollment Form in good order before we can process a Rollover-In/Exchange-In request.) Please remember to complete the following on the 403(b) Rollover-In or Transfer/Exchange-In Form:

All of your personal information must be filled out correctly on the top of the form.

You must indicate the amount of your request on the form.

MassMutual must receive your request in good order within 90 days of the date you signed the form.

exchgth.pdf

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1. INFORMATION FOR ALL TRANSACTIONS: • Complete one form for each account.• Attach a current statement from your prior provider for the account intend to move. • If applicable, documentation from the prior plan to evidence the amount of your designated Roth and/or After-tax contributions versus earnings (and the date of the first Roth contribution) must accompany the money, otherwise all amounts received will be recorded as pre-tax dollars. • Please check with your employer to determine if you need to have this transaction approved by your employer or authorized employer representative. This will expedite processing your request. • This form should not be used to transfer/exchange assets from one MassMutual product to another. • We recommend that you ask your employer if your requested transaction is allowed under the Plan.

2. INFORMATION FOR TRANSFERS/EXCHANGES: • If MassMutual IS NOT receiving payroll contributions under your employer’s plan, refer to Section F (of this form) 403(b) Contract Transfer Representations, Warranties and Agreement. These additional requirements WILL APPLY and we will treat a transfer as an exchange when a transfer to a non-payroll slot vendor is requested. Definition of a non-payroll slot vendor: A contract issued under a 403(b) plan by an issuer that does not receive contributions under the plan on or after January 1, 2009. • If MassMutual IS receiving payroll contributions under your employer’s plan, Section F 403(b) Contract Transfer Representations, Warranties and Agreement WILL NOT APPLY and this will be considered a transfer. We will treat a transfer request to a payroll slot vendor as a change of investments. Definition of a payroll slot vendor: A contract issued under a 403(b) plan by an issuer that receives contributions under the plan on or after January 1, 2009. • Please contact us for additional information on transfers/exchanges.

3. REPORTING FOR TRANSFERS/EXCHANGES: The balance applied to your account as a result of moving your money will be recorded as "earnings" unless contribution source details are provided to MassMutual. We will record the following amounts as zero unless we receive documentation from your priorprovider to support these amounts. • Adjusted 12/31/86 account balance for purposes of exemption from Required Minimum Distributions • Adjusted 12/31/88 account balance for purposes of exemption from restriction on distributions prior to age 59½• Adjusted salary reduction contribution (no exchanges) since 12/31/88 for hardship distribution purposes • Non-taxable defaulted loan repayments • The amount of your designated Roth contributions versus earnings (and the date of the first Roth contribution) • The amount of your After-tax contributions versus earnings

403(b) Rollover In or Transfer/Exchange In Form Instructions

exchgth.pdf

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403(b) Rollover In or Transfer/Exchange In FormQuestions?CallMassMutual’s Customer Service Center 1-800-528-9009

Fax877-526-2531 or 800-678-8645

Onlinemassmutual.com/serve

Use this form if you want to: • submit a rollover in. • submit a transfer/exchange.

• You must already be enrolled in your Employer's Plan at MassMutual before submitting this form.

• Your current Plan Administrator will need to verify that you are eligible to make this transaction and that the amount to be rolled or transferred/exchanged into the Plan is eligible under the terms of the Plan and the Internal Revenue Code. See your Plan Administrator for more information. If the transaction is allowed and if you have not already done so, contact your prior Plan Administrator or IRA provider to initiate the distribution process.

• This form will be valid for 90 days from the date you signed the form.

MassMutual will not process this form until it is received in good order. Please see the Important Information Section for information on "Good Order" requirements.

Section C - Type of Request

A TRANSFER/EXCHANGE is funds moved from your current employer who is the same employer that sponsors your MassMutual account.

A ROLLOVER is funds moved from either: • Previous employer's 403(b), 401, or 457(b) plan, OR • Individual Retirement Account

Select one option:

GROLOVR IN

Section A - Plan Information

Financial Advisor's Name

Financial Advisor's Phone Number

Section B - Participant Information

Daytime PhoneNumber

*Legal Address

State Zip CodeCity

SSN Participant Name Date of Birth

*We will change your account information to reflect the Legal Address above and all future mailings will be sent to this address unless changed by you or your Plan Administrator as described under "Stale Address" in the Important Information Section.

Financial Advisor's Email

Plan NameGroup No.

exchgth.pdf

Catholic Diocese of Columbus 403(b) Plan 753380

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Section D - Rollover or Transfer/Exchange Request

401 qualified plan (including 401(k) or 403(a) qualified annuity plans)

all amounts OR

403(b) tax sheltered plan

408 IRA including simplified employee pension and simple retirement accounts

ROLLOVER:

credited to my 403(b) account at MassMutual. If I am sending the rollover contribution directly to MassMutual, I certify that I did not receive the distribution more than 60 days before the date of the rollover contribution and I have provided documentation of when this distribution occurred. The eligible rollover distribution is coming from an eligible retirement plan identified under Code section:

be liquidated from the retirement program indicated below and be I request that

Governmental 457(b) eligible deferred compensation plan sponsored by a governmental employer

$

If your contract includes a Roth Contributions feature, check here to indicate that designated Roth contributions will be included.

Provider Account Number

Address Phone Number

Rollover From:

TRANSFER/EXCHANGE:

I am electing to transfer or exchange a 403(b) Plan Benefit from one contract to another contract with the same employer. I understand thatI must ensure that the amount of contributions and earnings being transferred are provided by the provider below.

I request a transfer or exchange of all amounts ORfrom one contract to another contract with the same employer.

be transferred or exchanged $

If your contract includes a Roth Contributions feature, check here to indicate that designated Roth contributions will be included.

Provider Account Number

Address Phone Number

Transfer From:

Note that you cannot include Roth IRA amounts in this account.

Note that you cannot include Roth IRA amounts in this account.

If your contract includes an After-tax Contributions feature, check here to indicate that After-tax contributions will be included.

If your contract includes an After-tax Contributions feature, check here to indicate that After-tax contributions will be included.

MassMutual's Return Address:Regular Mail: MassMutual Retirement Services Overnight Mail: MassMutual Retirement Services P.O. Box 1583 1 Griffin Road North Hartford, CT 06144-1583 Windsor, CT 06095-1512

exchgth.pdf

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I, as a duly authorized representative of the Employer sponsoring this 403(b) Plan, represent and warrant the following: 1. this transfer is permitted by the Plan; 2. the distribution eligibility provisions under this contract are at least as restrictive as those imposed by the contract or custodial account to be exchanged and those of the Plan; and 3. the accumulated benefit in this contract or custodial account immediately after the transfer will be at least equal to the accumulated benefit in the contract or custodial account to be exchanged.

INFORMATION SHARING AGREEMENT For the Group Variable Annuity Contract or the Custodial Account and Group Fixed Annuity identified by the Group Number indicated which funds the Plan, the Employer and MassMutual respectively, agree to share information necessary to comply with the requirements of Internal Revenue Code §403(b) in accordance with Treasury Regulation §1.403(b)-10(b)(2) including information concerning the participant’semployment status, information as to whether the hardship withdrawal rules are satisfied, information that takes into account other §403(b) contracts or qualified plans of the Employer, and information necessary to satisfy other tax requirements including the requirements applicable to participant loans.

Section F - 403(b) Contract Transfer Representations, Warranties, and Agreements

If MassMutual has been provided notice that a TPA or other third party is required to approve financial transactions, this request will be considered not in good order unless or until we obtain that approval. I certify the following: For transfers or exchanges: • The plan allows for transfers and/or exchanges. • If MassMutual is not an approved provider, the plan agrees to the terms and conditions of the Information Sharing agreement set forth in Section F above. • If MassMutual is an approved provider, Section F above does not apply.

For rollovers: Plans NOT subject to ERISA: Consistent with Field Assistance Bulletin 2007-02, an employer may be required to certify to a provider a statement of facts within the employer's knowledge as employer. The plan is certifying that the individual identified above is eligible to affect a rollover into the plan.

Plans subject to ERISA: • The plan is certifying that the individual identified above is eligible to affect a rollover into the plan. • The authorized signature below certifies eligibility and acceptance of the rollover as instructed in this request.

Section G - Employer or Authorized Employer Representative Signature

__________________________________________________________ _________________________ Employer or Authorized Employer Representative’s Signature Date

____________________________________________________________ Employer or Authorized Employer Representative’s Name (please print)

Your signature here may be required by the prior provider to expedite the release of the funds.

I hereby agree to the terms and conditions stated in this form and certify that I am requesting a rollover or transfer/exchange of my retirement assets in accordance with applicable IRS and plan rules. Additionally, I understand that if I am currently enrolled in the Plan, my assets will be allocated among the investment options based upon my current investment elections unless Special Instructions are provided below to invest my rollover or transfer/exchange.

Section E - Participant Authorization

Special Instructions:

____________________________________________________ _________________________ Participant Signature Date

Please check with your employer and prior provider to determine if you need to have this transaction approved by your employer orauthorized employer representative. This will expedite processing your request.

exchgth.pdf

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Good Order - "Good Order" means that all sections of the form are complete, the participant has provided their signature authorizing the transaction and the Plan Sponsor has provided their signature authorizing MassMutual to process the transaction requested on the form (if required).

Stale Address - It is important that you notify us if you change your address. Going forward, your address may change in our records either at your or your employer's direction, or as a result of an address confirmation service provided under our agreement with your employer.Under this service, the addresses in our records are compared against and updated quarterly with addresses received from commercialaddress update services (e.g., the U.S. Postal Service). If your mail is returned to us or your employer tells us your address is incorrect, we are likely to suspend future mailings until a new address is obtained. Unless preempted by federal law, failure to give us a current address may also result in uncashed distributions from your participant account being considered abandoned property under state law, and remitted to the applicable state. To update your address, contact your Plan Administrator or, if permitted by your Plan, log in to our website at massmutual.com/serve and select the "My Profile" tab at the top of the screen.

Section H - Important Information

exchgth.pd

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) (of which RetirementServices is a division) and its affiliated companies and sales representatives.

2-15

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Group Number: Social Security Number:

Employer:

Plan Name:

Participant Name: (Last, First, M.I.)Name Change? Please provide documentation

Mailing Address: Email:New?

City: State: Zip:

Home Phone: Work Phone: Ext:

A. 15 YEAR RULE NOTIFICATIONI am eligible for the special higher "15 year rule" deferral limit set forth at Internal Revenue Code section 402(g)(8). Under this rule, I am a "qualified employee" as I have at least 15 years of service with my employer, a "qualified organization." Under this rule, my deferral limit will be:

For Calendar Year _____________ my special 402(g)(8) deferral limit is: $_________________.

Employee Signature Date

B. EMPLOYER SIGNATUREWe the undersigned understand and agree that the Participant is a "qualified employee" and that the Employer is a "qualified organization" as these terms are defined under Internal Revenue Code section 402(g)(8) and that deferrals made to this or any other plan funding arrangement for the calendar year set forth above will not be in excess of the limit determined under that section.

Employer or Authorized Employer Representative Signature Date

Please see IRS Publication 571 for more information regarding the 15 year rule.

Instructions:1. Submit the completed Notification to MassMutual at the address above.2. Provide a copy to your Employer and complete a salary deferral agreement. 3. Make a copy for your records.

Form HVL-549-4 Rev. 2.15 page 1 of 1 chuptda.pdf

15 Year Rule Notification

Mail Address:MassMutual Retirement Services PO Box 1583Hartford, CT 06144-1583

Overnight Mail Address:MassMutual Retirement Services1 Griffin Road NorthWindsor, CT 06095-1512

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) (of which Retirement Services is a division) and its affiliated companies and sales representatives.

753380


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Employer: __________________________________________________________________________________________________

Employee:

Name: ________________________________________ SS#________________________ Date of Birth: ____________________

Address: New? ____________________________________________________________________________________________

City: _______________________________________________State: ________________________ ZIP: ______________________

Home Phone: ( )_____________________________ Work Phone: ( )____________________________

A. CONTRIBUTION CHANGE - BEFORE-TAX CONTRIBUTIONS

Increase Employee $ or % Employer $ or % Total Contribution Frequency* Annual ContributionDecrease

From + = x =Resume Suspend To + = x =

IF YOU ARE ELIGIBLE FOR AND UTILIZING THE SPECIAL HIGHER “15 YEAR RULE” DEFERRAL PLEASE COMPLETE A 15 YEAR

RULE NOTIFICATION AND SUBMIT IT TO MASSMUTUAL.

B. ROTH - AFTER-TAX CONTRIBUTIONS

Only complete this section if your contract includes a Roth contributions feature.

Increase Employee $ or % Frequency* Annual ContributionDecrease

From $ x =Resume Suspend To $ x =

C. EMPLOYEE SIGNATURE

By execution of this document, the Employee authorizes that any Before-Tax Contributions or Roth After-Tax Contributions

indicated above be made by reducing the Employee’s salary. This agreement shall continue to be in effect only while employment

with the Employer continues or until it is altered in accordance to your plan provisions.

__________________________________________ _____________________Employee Signature Date

D. EMPLOYER SIGNATURE

By execution of this document, the Employer agrees that any Before-Tax Contributions or Roth After-Tax contributions indicated

above be made by reducing the Employee’s salary. This agreement shall continue to be in effect only while employment with the

Employer continues or until it is altered in accordance to your plan provisions.

__________________________________________ ______________________Employer Signature Date

Submit this Contribution Change Form to your Employer.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) (of which Retirement Services is a

division) and its affiliated companies and sales representatives.

I am utilizing the plan's age 50+ catch-up provision. (You must be age 50 or older by the end of the calendar year in which this

deferral election is effective.)

Con Chg Rev. 2.15 contda.pdf

Contribution Change Form - 403(b)

* FrequencyMonthly = 12Bi-Weekly = 26Semi-Monthly = 24Weekly = 52Other:

* FrequencyMonthly = 12Bi-Weekly = 26Semi-Monthly = 24Weekly = 52Other:


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PLAN HIGHLIGHTS

Catholic Diocese of Columbus offers a 403(b) retirement plan.

The following is a brief overview of important features of your workplace retirement plan. For more information callyour Participant Service Center at 1-800-528-9009 or contact your benefits administrator.

Who is eligible to participate in the plan?Requirements for Making Contributions

If you were eligible to make Tax-Deferred Contributions to the Plan immediately prior to January 1, 2014, you will stillbe eligible on and after January 1, 2014. If you were not eligible to make Tax-Deferred Contributions to the Plan priorto January 1, 2014, you will be eligible beginning on the first day of the calendar month immediately following thedate you are first employed in an "eligible class", as described in Eligible Class below.

Requirements to Receive Employer Contributions

You are eligible to receive Employer Contributions beginning on the first day of the month that immediately followsthe date you first meet all of the following requirements:

You are employed in an "eligible class" (as described in Eligible Class below).

Eligible Class

The "eligible class" are those employees who are employed in a job classification that is covered by the Plan.Generally, you are in the eligible class if you are employed by the Employer in any capacity. However, you will not becovered under the Plan, if:

You are employed at St. Stephens Community Services, Inc., Catholic Social Services, Inc., or St. VincentFamily Centers

You are a temporary or seasonal employee;

You are a leased Employee

Youwill be covered under the Plan with respect to Participant Contributions, Matching Contributions, andNonelective Contributions if:

You normally work 30 hours or more per week at least 20 weeks per plan year.

You will not be covered under the Plan with respect to Participant Contributions, Matching Contributions, andNonelective Contributions if:

You are a participant in the Diocese of Columbus Retirement Plan for Priests.

You will not be covered under the Plan with respect to Nonelective Contributions if:

You were not a participant in the Diocese of Columbus Lay Teachers or Lay Employees Plan as ofDecember 31, 2013.

How can I contribute?If you are in an “eligible class” with respect to Participant Contributions you are required to make ParticipantContributions to your Account in an amount equal to 2% of your Compensation. Compensation you earned beforeyou first became eligible to participate in the Plan with respect to Participant Contributions will be excluded indetermining the amount of your Participant Contributions.

17

PLAN HIGHLIGHTS

Traditional Before-tax and Roth after-tax contributionsIn no event may you elect to make Contributions in an amount less than $200 for any Plan Year or in anamount more than the maximum amount allowed by law.

Through the convenience of payroll deductions, you can make before-tax or Roth after-tax electivedeferrals up to the lesser of $17,500 or 100% of includible compensation. Your before-tax contributions –and any earnings – will accumulate tax deferred until withdrawn (generally at retirement), at which timewithdrawals will be taxed as ordinary income.* Roth contributions will be included as taxable income.Earnings on Roth contributions will accumulate tax free, and retirement withdrawals may be exempt fromfederal income tax.

*Withdrawals made prior to 59½ are subject to a 10% federal withdrawal penalty unless an exceptionapplies.

Catch-up contributionsIf you are 50 years of age or older during the calendar year, you may be able to contribute up to anadditional $5,500 in 2013 into your plan as a “catch-up” contribution.

If you are a qualified employee, the annual limit may be increased by up to $3,000 each calendar year (subject to anoverall limit of up to $15,000). You are a "qualified employee" if you have completed at least 15 years of service withan educational organization, hospital, home health service agency, health and welfare service agency, church,convention or association of churches, or a tax-exempt organization controlled by or associated with a church or aconvention or association of churches.

Your contributions are always 100% vested.

Are rollovers accepted?Your plan may allow you to roll additional retirement assets into the plan at any time. A rollover form isavailable within this booklet. For more information, call your Participant Service Center at 1-800-528-9009,visit www.massmutual.com/serve or contact your benefits administrator.

Can I change how much I contribute?You may start, stop, increase or decrease your contribution as often as your employer allows. If you stopcontributions and start again at a later date, certain restrictions may apply.

Will my employer be making contributions?In addition to your contributions, the Employer may make Employer Contributions to your Account. You are nottaxed on any Employer Contributions made to your Account until distribution is made to you.

Matching Contributions

Each month, the Employer will make a Matching Contribution to your Account equal to the amount of yourParticipant Contributions for the month.

Nonelective Contributions

Each month, the Employer will make a Nonelective Contribution to your Account equal to a percentage of yourCompensation for the month. The percentage will be as specified in the following chart, based on your age and yearsof Vesting Service on January 1, 2014:

18

PLAN HIGHLIGHTS

Sum of Age and Years of Vesting Service onJanuary 1, 2014

Percentage of Compensation

Less than 55 1.5%

At least 55, but less than 75 2.5%



At least 90 4.0%

Allocation Requirements

You will receive Nonelective Contributions for a particular month if you are eligible to participate in the Plan withrespect to Nonelective Contributions at any time during that month.

You will receive Matching Contributions for a particular month if you are eligible to participate in the Plan withrespect to Matching Contributions at any time during that month.

Vested Interest in Employer Contributions

Your Vested Interest in the Nonelective and Matching Contributions in your Account is determined by the followingschedule:

Years of Vesting Service Vested Interest

Less than 2 0%

2, but less than 3 20%




6 or more 100%

If you are employed by the Employer on your Normal Retirement Date, the date you become disabled, or the dateyou die, your Vested Interest in the Nonelective and Matching Contributions in your Account will be 100%.

Vesting Service

Vesting Service is used to determine your Vested Interest in the Nonelective and Matching Contributions in yourAccount.

Crediting of Vesting Service

You are credited with Vesting Service for the number of full years and completed months of continuous employmentduring which you receive Employer Contributions to the Plan until you are no longer eligible to receive EmployerContributions or until your Severance Date, whichever is earlier. Vesting Service is the same as the term “CreditedService” defined in the Diocese of Columbus Retirement Plan for Lay Teachers and the Diocese of ColumbusRetirement Plan for Lay Employees.

19

PLAN HIGHLIGHTS

What are my investment choices?The contract offers a wide variety of investment options to meet your needs, including a General (DeclaredRate) Account which provides a credited rate of interest. You can direct your contributions into one or moreof the available investment options. See the investment section of this booklet for more information.

Competing investment option restrictionsYou have the flexibility to transfer amounts from one investment option to another. The transfer of assetspresently held in the General (Declared Rate) Account, or which were held in the General (Declared Rate)Account at any time during the preceding three months, to any account that we determine is a competinginvestment option, is prohibited.

Online retirement planning and advisory services — GuidanceMorningstar Associates provides asset allocation recommendations through their online service. This serviceintegrates investment research, education and asset allocation guidance to give you a comprehensive andpersonalized approach to investing for retirement from a trusted independent source Morningstar Associates, LLC*.This service can be accessed through your retirement plan website.

*Investment advisory products and services are provided by Morningstar Associates, LLC, a registered investmentadviser and a wholly owned subsidiary of Morningstar, Inc. MassMutual is not affiliated with Morningstar Associates.

What are the fees and charges associated with this plan?There are costs associated with the underlying investment options offered under MassMutual's program. Fora complete listing of these fees and charges, please refer to the Investment Option Fee Schedule in theinvestment section of this booklet.

Your account may be subject to a one time loan set-up fee in the amount of $50 as well as a $50 annualloan administration fee applicable for the life of the loan.

There may be other administrative fees that apply, all of which are outlined in this booklet.

Can I take money out of my account?Your account assets may generally be withdrawn from your 403(b) plan under the following qualifyingcircumstances:

RetirementSeverance of employmentDisabilityHardship (your plan may limit to a portion of your account)LoanAttainment of age 59 ½Required Minimum Distribution – attainment of age 70 ½

Withdrawals may be subject to authorization of your employer. However, you must begin liquidating youraccount balances no later than April 1st of the calendar year following the year in which you attain the age of 70½ orretire (whichever is later). Distributions of before-tax contributions and any tax-deferred earnings are subject toordinary income tax and, if taken prior to age 59½, a 10% federal income tax penalty may apply. Roth contributionsand earnings can be withdrawn tax-free if the Roth contributions have been in place for at least five tax years and thewithdrawal is made after age 59½ or is due to disability or death. Consult your employer for more details.

Withdrawal/surrender chargesThere are no withdrawal charges. However, should your employer allow plan assets to be transferred to anyadditional program provider other than MassMutual, this provision may change. Contact your employer oryour Participant Service Center for more information.

20

It pays to plan for life in retirement. What are your retirement goals? How do you plan to achieve them? A large part of retirement is the flexibility to do what you want when you want, and that kind of flexibility takes planning. Your employer’s retirement savings plan can help. Inflation matters. Retirement is expensive enough already – factor in inflation, and the costs can be stunning. Just eating in retirement can cost two people over $200,000 - $5 a meal, 3 meals a day, over 20 years. Adding a modest 3% annual inflation rate, the cost swells to nearly $300,000. How you live in retirement may be determined by what you can afford when the time comes. By preparing today, you may have more choices for your life tomorrow. How much should you save? It depends on how much money you'd like to have in retirement and when you start investing. The earlier you start, the more time your money has to work for you. To help you decide how much to save, check out the Retirement Goal Planner at www.massmutual.com/serve or ask a financial professional for advice. Learn more. To access your account information and our online tools, calculators, and resources, go to www.massmutual.com/serve. If you have questions and need to talk to a real person, call 1-800-528-9009.

21

22 RS2070_GP2 514

��startswithastrategy

OPTION 1 OPTION 2

You’ve got options. There is no one-size-fits-all approach to investing. That’s why your plan offers multiple strategies for asset management. You can select a target date fund or you can opt to build your own portfolio by selecting from your plan’s individual investment options.

Select a target date fund. What year will you retire? That’s all you need to know to select one of the target date funds. An “all-in one” investment portfolio, a target date fund is a diversified mix of investment options that takes into consideration the time you have to invest before you retire. It is diversified across a mix of investment options and automatically rebalanced to help keep the fund’s allocation on track. You simply choose the fund that is closest to your target retirement date. Adjusting over time, the allocation of investments becomes more conservative as you get closer to your retirement date. The principal value of the target date investment option is not guaranteed at any time, including the target date.

Choose your own investments. You can build your portfolio from any of the individual investment options in the plan. This strategy is best suited to investors who have taken the time to study their investment options. Your retirement plan offers a variety of investment options, covering a range of risk levels and investment objectives. Some investment options seek an increase in the value of shares (growth) while others aim to earn income (dividends or interest) for investors. Before making your investment decisions, you may want to consult with a financial professional.

The questionnaire on the following pages is designed to help you identify your investing style, which may help you decide which investment option might be right for you.

INVESTOR SELF-ASSESSMENT QUESTIONNAIRE

This questionnaire can help you determine your investing comfort zone and what type of investment mix might be best for your goals and objectives. Add up the points for each question and check your score on the following page to help you select your investment mix.

1. Which hypothetical investment option would you choose?

FIRST YEAR RETURN POTENTIAL

First-year gain (max) Chance of first-year loss

8% increase 0% 0

20% 20% 2

25% 33% 4

2. My main objective for my investment portfolio is to:

Avoid losses 0

Keep pace with the stock market 2

Outperform the stock market 4

3. If my $100,000 long-term investment dropped in value to $85,000 after one year and rose to $125,000 after two years, I would be:

Extremely uncomfortable – I would move my money immediately to a lower risk investment to protect my gain 0

Slightly uncomfortable – I would move my money to a lower risk investment to protect my gain 2

Comfortable – I would maintain my investment 4

4. If I could potentially get a higher rate of return by accepting greater volatility in my portfolio, I would:

Accept a lot more volatility 4 Accept slightly more volatility 2 Not accept any more volatility 0

5. Below are five investment models with hypothetical maximum returns and maximum losses over a one-year period. I would feel most comfortable investing in:

Portfolio A 4 Portfolio B 3 Portfolio C 2 Portfolio D 1 Portfolio E 0

6. If my $100,000 long-term investment declined in value during the first year, I would move it to a lower risk investment when it declined in value to:

$95,000 (loss of 5%) 0 $90,000 (loss of 10%) 1 $85,000 (loss of 15%) 2 $80,000 (loss of 20%) 3 I would not move it 4

7. A hypothetical $100,000 investment has the possibility of losing $10,000 in the first year. What is the minimum potential one-year gain you would accept given the possibility of loss for you to be comfortable with this investment?

$10,000 4 $25,000 3 $35,000 2 $45,000 2 I would not risk losing that amount of money 0

�� areyou?

-20%

-10%

0%

10%

20%

30%

40% 42.05%

35.22%

29.25%

22.32%17.00%

-14.39%-11.27%

-8.52%-5.18%

-3.19%

A B C D E

23

8. When attempting to achieve my investment goals:

I don’t want my portfolio to lose any value, even if it will take longer to achieve my investment goals 0

I will tolerate small fluctuations in my portfolio’s value 1

I will tolerate moderate fluctuations in my portfolio’s value 2

I will tolerate large fluctuations in my portfolio’s value 3

I will tolerate extreme fluctuations in my portfolio’s value 4

Tally your results by adding the points from questions 1 through 8.

Your total _____________

RS2070_ QUIZ 614

INVESTOR SELF-ASSESSMENT SCORE

Find your total score in the chart below, along with your retirement timeline, to see what type of investment mix may be best for you. This chart is only a guide. Please determine your own investing comfort zone.

YEARS TO RETIREMENT 0–3 POINTS 4–11 POINTS 12–22 POINTS 23–28 POINTS 29–32 POINTS

0–3 years Conservative Conservative Conservative Conservative Conservative

3–5 years Conservative Moderate Moderate Moderate Moderate Conservative Conservative Conservative Conservative

5–7 years Conservative Moderate Moderate Moderate Moderate Conservative

7–12 years Conservative Moderate Moderate Moderate Moderate Conservative Aggressive Aggressive

12+ years Conservative Moderate Moderate Moderate Aggressive Conservative Aggressive

Investor Self-Assessment Questionnaire is provided by Mesirow Financial Investment Management, Inc. Mesirow Financial Investment Management, Inc. is an SEC-registered investment advisor and is not an affiliate or subsidiary of MassMutual.

The results of this questionnaire are intended to help you identify what your optimal asset allocation model may be. The questionnaire is not intended to provide a complete investment profile or to offer individual advice. Mesirow Financial created these risk-based asset allocation models using the following six asset classes: Large Cap Blend Domestic Equity; Mid Cap Blend Domestic Equity; Small Cap Blend Domestic Equity; Large Cap Blend foreign Equity; Intermediate-Term Domestic Bond; and Cash Equivalent/Principal Focused-Extended Duration.

24

Asset allocation is the strategy of spreading your account contributions over a variety of investment categories and/or individual investments. Here are five examples of risk-based investment mixes that you may use as a guide when selecting your investment options.

Note: The sample portfolios are illustrative only and do not represent actual investment mixes.

AssetClasses

�� :risk-basedinvestmentmodels

Aggressive model Bonds: 10% | Large-cap: 42% | Mid-cap: 12% | Small-cap: 10% | International/Global: 26% For investors who are willing and able to stay the course through short-term volatility and want the potential for high portfolio returns over the long term. They should have a long time horizon and a high tolerance for risk, as frequent short-term losses and extreme volatility are to be expected.

Moderate aggressive model Bonds: 25% | Large-cap: 36% | Mid-cap: 9% | Small-cap: 8% | International/Global: 22% For investors with a longer time horizon. While their portfolio will typically have a higher than average volatility, it may provide for the potential of higher than average returns over the long term. Investors should be willing to accept short-term losses and less stable returns.

Moderate model Money market/Stable value: 6% | Bonds: 34% | Large-cap: 33% | Mid-cap: 6% | Small-cap: 5% | International/Global: 16% For investors who are equally concerned with balancing their level of risk and return. They look to have returns in excess of inflation and increase value over the long term. Should be willing to accept short-term losses and fluctuations in portfolio value.

Moderate conservative model Money market/Stable value: 12% | Bonds: 48% | Large-cap: 24% | Mid-cap: 4% | Small-cap: 2% | International/Global: 10% For investors attempting to avoid a loss of assets in the short term, with a secondary objective of seeking a higher return over the long term to mitigate the effects of inflation. The portfolio may have some relative stability, but in order to combat inflation, some fluctuations in the portfolio should be expected.

Conservative model Money market/Stable value: 20% | Bonds: 60% | Large-cap: 13% | Mid-cap: 2% | International/Global: 5% For investors with short-term investment horizons, who want to minimize the potential for loss of value and who are looking for stability of assets. Portfolio may have steady and more predictable returns than more aggressive portfolios. Investors should be willing to forgo the potential for higher long-term returns for stability.

Take some time today to learn about your plan’s investment options to help you make informed decisions.

Asset Allocation modeling offered by Mesirow Financial Investment Management, Inc. Mesirow Financial Investment Management, Inc. is an SEC-registered investment advisor and is not an affiliate or subsidiary of MassMutual.

The information provided in this presentation by Mesirow Financial Investment Management, Inc. is for informational purposes only and should not be construed as a recommendation to purchase or sell any particular security or investment vehicle(s) offered by Mesirow Financial Investment Management, Inc. (MFIM) or affiliates of MFIM. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. Mesirow Financial and its affiliated companies and/or individuals may, from time to time, own, have long or short positions in, or options on, or act as a market maker in, any securities or investment strategies discussed herein and may also perform financial advisory or investment banking services for those companies or in regard to those strategies. Further, Mesirow Financial may receive fees for selling or advising on the purchase or sale of products mentioned herein. Additionally, Mesirow Financial may also receive fees paid by manufacturers or distributors of said products in connection to other professional services provided by the applicable Mesirow Financial affiliate. The sale or advice provided is in no way related to or contingent upon the payment received for these other services. It should not be assumed that any recommendation incorporated herein will be profitable or will equal past performance. Mesirow Financial does not provide legal or tax advice. Model performance information and results do not reflect actual trading and the results may not reflect the impact that material economic and market factors may have had on MFIM’s decision making if MFIM were actually managing clients’ money. Any securities contained or investment strategies used in the model performance results provided herein do not relate or only partially relate to the advisory services currently offered by MFIM. MFIM’s clients may have had results materially different from the results provided. Securities offered through Mesirow Financial Investment Management, Inc., member NYSE, SIPC.

RS2070_ QUIZ 215 25

UndeRstanding YOUR investment OPtiOns.

Your plan offers a variety of investments, whichare made up of different types of securities, asdescribed below.

Money market/Stable value investmentsthese short-term investments are designed to providea steady rate of return, greater investment stability, anda relatively lower level of risk. although the portfolioseeks to preserve the value of your investment at $1.00per share, it is possible to lose money in a stable valueinvestment, and the yield will fluctuate with changes inmarket conditions. Over time, these investments haveprovided lower returns than stock or bond funds.investments in a money market account are not insuredor guaranteed by the Federal deposit insuranceCorporation or any other government agency.

Bondsbonds represent “loans” investors make tocorporations, governments or agencies, and aredesigned to provide stability, income, and someappreciation in value. if held to maturity, bonds offer afixed rate of return and a fixed principal value. bondsgenerally offer a potentially higher return than moneymarket/stable value investments and a lower returnthan stocks. the value of bonds usually fluctuates lessthan stocks. However, corporate bonds, U.s. treasurybills, and government bonds will fluctuate in value,and the return of principal is not guaranteed if soldbefore maturity.

Stocksstocks represent part ownership in a business and aremeant to provide long-term growth by increasing invalue. some stocks also provide dividend income.Historically, stocks have outperformed other types ofinvestments over the long term. However, stocksfluctuate in value more than money market/stablevalue investments or bonds, and when sold may beworth more or less than their original cost. keep inmind that you can’t predict future results based onhow the market performed in the past.

Balanced investmentsbalanced investments consider the risk and returnpotential of each asset class and invest a percentageof assets in both stocks and bonds, along with a smallamount in stable value investments for liquidity.

International stocksinvestments in stocks issued by foreign businessesprovide investors with potential long-term growth ofcapital while helping to diversify their portfolios.Foreign stocks may offer greater returns than U.s.investments but also involve higher risks relating tointerest and currency exchange rates, securitiesregulation, and taxes, as well as unstable economic orpolitical conditions. international stocks fluctuate invalue and may be worth more or less than theiroriginal cost. global investments have assets in bothforeign and U.s. stocks.

large-cap* stocksLarge-cap stocks are shares in large, financiallyestablished “blue chip” companies with a market capof over $10 billion. the goal of these investments isthe long-term growth of capital. Risk and return aretypically moderate to high.

Mid-cap* stocksthese shares in companies in the $2 billion to $10billion market cap range seek long-term growth. sincemid-cap stocks may fluctuate more widely than themore stable large-cap stocks, there is a potential forgreater long-term growth as well as higher risk.

Small-cap* stockssmall-cap stocks represent companies with a marketcap of $300 million to $2 billion. Over long periods oftime, small-cap stocks have had higher returns thanlarge-cap stocks, which makes them attractive toaggressive investors. at the same time, they are muchmore volatile and have higher short-term risk.

Specialty stocksspecialty investments are concentrated in a specificarea of the market, such as technology or health care.because they are focused on a small market segment,these investments tend to have both a higher risk andhigher potential for return than more diversifiedinvestments.

all investments possess some element of risk,including possible loss of principal. Past performanceis no guarantee of future results.

*the term “cap” is short for market capitalization, which iscalculated by multiplying the price of a stock by thenumber of outstanding shares. generally speaking, thisrepresents the market’s estimate of a company’s value.

26

Investment options at a glance

How much risk you are comfortable with is an important consideration in choosing how you allocate your assets. How do you feel about investment risk – the chance that your investments could lose money? You also need to think about inflation risk – the risk that conservative investments such as short-term investments may not keep pace with inflation. Investing in more than one asset class – or a blend of them – may help you to balance your risk.

Investment Options RISK/RETURN SPECTRUMFor illustrative purposes only; please consult an investment profile or prospectus for detailed risk/return information.

RS2070_RISKRET 814

HIGHER RETURN/HIGHER RISK

Specialty1 International/Global2 American Funds EuroPacific Growth-R3

American Funds New Perspective-R3 MFS International Value-R3 MFS Research International-R3 Oppenheimer International Diversified A

Small-cap3 Dreyfus Small Cap Stock Index

Goldman Sachs Small Cap Value-A Invesco Small Cap Growth-A Victory Sycamore Small Company Opportunity-A

Mid-cap4 Ave Maria Catholic Values

Ave Maria Growth Dreyfus Midcap Index Perkins MidCap Value-S Prudential Jennison Mid-Cap Growth Fund-A Victory Sycamore Established Value-A

Large-cap Ave Maria Rising Dividend

JPMorgan US Equity-A Putnam Equity Income-R T.Rowe Price Growth Stock-R TIAA-CREF Equity Index R TIAA-CREF Large-Cap Growth Index R TIAA-CREF Large-Cap Value Index R

Asset allocation/Balanced* American Funds Capital Income Builder-R3

JPMorgan SmartRetirement 2020-A JPMorgan SmartRetirement 2030-A JPMorgan SmartRetirement 2040-A JPMorgan SmartRetirement 2050-A JPMorgan SmartRetirement Income-A

Bonds5 AB High Income-A

Ave Maria Bond-R

27

28

LOWER RETURN/LOWER RISK

Delaware Extended Duration Bond A Dreyfus Bond Market Index-INV PIMCO Real Return-A Premier Barings High Yield-R4

Money market/Stable value6 General (Declared Rate) Account

1 The fund’s investments are concentrated in a specific industry or sector, and are subject to greater risk than traditional diversified equity funds.

2 Investing in foreign issuers and non-dollar securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war, or expropriation.

3 Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatility.

4 Mid-cap stocks generally have higher risk characteristics than large-company stocks.

5 Securities rated “BB” and below are referred to as “high yield, high risk” securities or “junk bonds.” High yield bonds generally involve greater credit risk and may be more volatile than investment-grade bonds.

6 Money market funds are not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share (unit), it is possible to lose money investing it in the fund. If a money market fund is pending liquidation under the U.S. Treasury Department’s Guarantee Program, there may be a period of time in which assets cannot be invested or redeemed.

* Does not include asset allocation models, if available in your plan.

29

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spec

t to

inve

stm

ent

op

tio

ns t

hat

are

not

mut

ual f

und

s, t

hese

exp

ense

rat

ios

are

inte

nded

to

pre

sent

sim

ilar

info

rmat

ion,

but

may

ha

ve b

een

calc

ulat

ed u

sing

met

hod

olo

gie

s th

at d

iffer

fro

m t

hose

use

d f

or

mut

ual f

und

inve

stm

ent

op

tio

ns. U

nder

lyin

g F

und

Exp

ense

Rat

ios

pre

sent

ed h

ere

do

no

t re

flect

the

eff

ect

of

the

Pro

gra

m a

nd A

dm

inis

trat

ion

Cha

rge

(so

met

imes

ref

erre

d t

o a

s a

“sep

arat

e ac

coun

t ch

arg

e”, o

r a

“mo

rtal

ity,

exp

ense

ris

k an

d a

dm

inis

trat

ive

char

ge”

) ap

plic

able

to

yo

ur P

lan'

s co

ntra

ct.

2 A P

rog

ram

and

Ad

min

istr

ativ

e C

harg

e m

ay b

e d

educ

ted

fro

m t

he r

etur

ns o

n th

e in

vest

men

t o

pti

ons

in t

he P

lan,

ass

esse

d a

gai

nst

par

tici

pan

t ac

coun

ts o

n a

qua

rter

ly b

asis

or

pai

d d

irec

tly

by

the

pla

n sp

ons

or

to c

ove

r ce

rtai

n ad

min

istr

ativ

e se

rvic

es u

nder

the

Pla

n's

cont

ract

. Fo

r fu

rthe

r in

form

atio

n, p

leas

e re

fer

to "

The

P

lan'

s A

dm

inis

trat

ive

Fee

s an

d E

xpen

ses.

" If

Pla

n A

dm

inis

trat

ive

fees

are

cha

rged

to

yo

ur a

cco

unt

bal

ance

, the

act

ual d

olla

r am

oun

t w

ill b

e re

po

rted

to

yo

u in

the

ca

lend

ar q

uart

er f

ollo

win

g t

he q

uart

er in

whi

ch t

he c

harg

e o

ccur

s. P

leas

e re

fer

to y

our

qua

rter

ly a

cco

unt

stat

emen

t fo

r in

form

atio

n o

n an

y fe

es a

ctua

lly c

harg

ed t

o

your

acc

oun

t.

3 If a

Pro

gra

m a

nd A

dm

inis

trat

ive

Cha

rge

is d

educ

ted

on

the

inve

stm

ent

op

tio

ns, t

he T

ota

l Gro

ss A

nnua

l Exp

ense

Rat

io is

inte

nded

to

ref

lect

the

eff

ect

of

the

Pro

gra

m a

nd A

dm

inis

trat

ive

Cha

rge

app

licab

le u

nder

yo

ur P

lan'

s co

ntra

ct b

y ad

din

g t

he c

harg

e to

the

Gro

ss A

nnua

l Und

erly

ing

Fun

d E

xpen

se R

atio

fo

r ea

ch

app

licab

le in

vest

men

t o

pti

on.

The

To

tal N

et A

nnua

l Exp

ense

Rat

io is

inte

nded

to

ref

lect

the

eff

ect

of

the

Pro

gra

m a

nd A

dm

inis

trat

ive

Cha

rge

app

licab

le u

nder

yo

ur

Pla

n's

cont

ract

by

add

ing

the

cha

rge

to t

he N

et A

nnua

l Und

erly

ing

Fun

d E

xpen

se R

atio

fo

r ea

ch a

pp

licab

le in

vest

men

t o

pti

on.

4 A

vera

ge

annu

al r

etur

ns a

re c

alcu

late

d a

s a

stea

dy

com

po

und

ed r

ate

of

retu

rn o

ver

the

per

iod

of

tim

e in

dic

ated

. Ret

urns

are

his

tori

cal a

nd in

clud

e ch

ang

e in

sha

re

valu

e an

d r

einv

estm

ent

of

div

iden

ds

and

cap

ital

gai

ns, i

f an

y.

Inve

stm

ent

Op

tio

n P

erfo

rman

ce a

nd A

pp

licab

le F

ees

and

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rges

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or

the

Per

iod

End

ing

No

vem

ber

30

, 20

16

5 If a

Pro

gra

m a

nd A

dm

inis

trat

ive

Cha

rge

is d

educ

ted

on

the

inve

stm

ent

op

tio

ns, t

hese

per

form

ance

dat

a re

flect

the

ded

ucti

on

of

the

Pro

gra

m a

nd A

dm

inis

trat

ive

Cha

rge

app

licab

le t

o y

our

Pla

n's

Co

ntra

ct, b

ut d

o n

ot

refle

ct t

he p

oss

ible

imp

osi

tio

n o

f an

y re

dem

pti

on

fees

or

char

ges

ass

oci

ated

wit

h an

y w

ithd

raw

al b

enef

its

that

m

ay b

e av

aila

ble

thr

oug

h yo

ur P

lan.

Yo

ur p

lan

spo

nso

r m

ay e

lect

to

hav

e th

e P

rog

ram

and

Ad

min

istr

ativ

e C

harg

e d

educ

ted

fro

m y

our

pla

n's

cont

ract

val

ues

on

a q

uart

erly

bas

is o

r m

ay e

lect

to

pay

the

Pro

gra

m a

nd A

dm

inis

trat

ive

Cha

rge

dir

ectl

y. In

eit

her

of

thes

e ca

ses,

the

se p

erfo

rman

ce d

ata

do

no

t re

flect

the

ded

ucti

on

of

the

Pro

gra

m a

nd A

dm

inis

trat

ive

Cha

rge

app

licab

le t

o y

our

Pla

n's

cont

ract

. 6 S

ince

ince

pti

on

retu

rn is

use

d f

or

fund

s fe

wer

tha

n 10

yea

rs o

ld. T

he p

erfo

rman

ce r

etur

ns r

efle

cted

in t

his

char

t ar

e ca

lcul

ated

to

the

ince

pti

on

dat

e o

f th

e in

itia

l cl

ass

of

the

fund

. The

per

form

ance

ret

urns

ref

lect

ed in

thi

s ch

art

wit

h re

spec

t to

eac

h b

ench

mar

k in

vest

men

t ar

e ca

lcul

ated

to

the

ince

pti

on

dat

e o

f th

e fu

nd s

hare

cl

ass

to w

hich

it is

bei

ng c

om

par

ed.

8 A

ny f

ees

des

crib

ed in

thi

s se

ctio

n ar

e fe

es p

aid

dir

ectl

y fr

om

yo

ur in

vest

men

t in

thi

s o

pti

on

(e.g

. red

emp

tio

n fe

es, e

xcha

nge

fees

, acc

oun

t fe

es, p

urch

ase

fees

, tr

ansf

er o

r w

ithd

raw

al f

ees,

or

surr

end

er c

harg

es).

13

Inve

stm

ents

in f

ore

ign

secu

riti

es m

ay in

volv

e d

iffer

ent

and

ad

dit

iona

l ris

ks a

sso

ciat

ed w

ith

fore

ign

curr

enci

es, i

nves

tmen

t d

iscl

osu

re, a

cco

unti

ng, s

ecur

itie

s re

gul

atio

n, c

om

mis

sio

ns, t

axes

, po

litic

al o

r so

cial

inst

abili

ty, w

ar o

r ex

pro

pri

atio

n.

14 S

mal

l co

mp

any

sto

cks

gen

eral

ly h

ave

hig

her

risk

rew

ard

cha

ract

eris

tics

tha

n la

rge

com

pan

y st

ock

s.

15 M

id C

ap s

tock

s g

ener

ally

hav

e hi

ghe

r ri

sk a

nd r

ewar

d c

hara

cter

isti

cs t

han

larg

e co

mp

any

sto

cks.

Th

ere

are

spec

ific

risk

s as

soci

ated

wit

h ce

rtai

n in

vest

men

t o

pti

ons

. Fo

r ad

dit

iona

l det

ails

, ple

ase

refe

r to

the

Inve

stm

ent

Op

tio

n Sh

eets

incl

uded

in t

his

Enr

ollm

ent

Bo

ok.

T

he P

rem

ierE

nter

pri

seS

M r

etir

emen

t p

rog

ram

is f

und

ed b

y a

gro

up f

ixed

ann

uity

co

ntra

ct (

HL-

1979

4)

issu

ed b

y H

artf

ord

Life

Insu

ranc

e C

om

pan

y (S

imsb

ury,

CT

).

Co

ntra

cts

are

adm

inis

tere

d b

y M

assa

chus

etts

Mut

ual L

ife In

sura

nce

Co

mp

any.

P

erfo

rman

ce f

igur

es d

o n

ot

incl

ude

the

effe

ct o

f up

fro

nt s

ales

cha

rges

, sin

ce a

ny s

ales

cha

rges

are

wai

ved

fo

r co

ntri

but

ions

mad

e th

roug

h yo

ur e

mp

loye

r's

reti

rem

ent

pla

n.

Per

form

ance

do

es n

ot

refle

ct t

he d

educ

tio

n o

f an

y p

lan

char

ges

whi

ch m

ay b

e as

sess

ed t

o p

lan

par

tici

pan

ts.

All

of

the

mut

ual f

und

per

form

ance

info

rmat

ion

cont

aine

d in

thi

s ta

ble

was

sup

plie

d b

y Li

pp

er, A

Tho

mso

n R

eute

rs C

om

pan

y, s

ubje

ct t

o t

he f

ollo

win

g: C

op

yrig

ht

2016

© L

ipp

er, a

Tho

mso

n R

eute

rs C

om

pan

y. A

ll ri

ght

s re

serv

ed. A

ny c

op

ying

, rep

ublic

atio

n o

r re

dis

trib

utio

n o

f Li

pp

er c

ont

ent,

incl

udin

g b

y ca

chin

g, f

ram

ing

or

sim

ilar

mea

ns, i

s ex

pre

ssly

pro

hib

ited

wit

hout

the

pri

or

wri

tten

co

nsen

t o

f Li

pp

er. L

ipp

er s

hall

not

be

liab

le f

or

any

erro

rs o

r d

elay

s in

the

co

nten

t, o

r fo

r an

y ac

tio

n ta

ken

in r

elia

nce

ther

eon.

T

he m

etho

do

log

y us

ed in

the

hyp

oth

etic

al p

erfo

rman

ce c

alcu

lati

ons

fo

r th

e Ja

nus

inve

stm

ent

op

tio

ns m

ay d

iffe

r fr

om

the

met

hod

olo

gy

used

by

Janu

s. T

here

fore

, th

e p

erfo

rman

ce r

etur

ns s

how

n m

ay d

iffe

r fr

om

tho

se p

rovi

ded

dir

ectl

y b

y Ja

nus

for

the

sam

e un

der

lyin

g f

und

s fo

r th

e sa

me

tim

e p

erio

ds,

and

may

dif

fer

sig

nifi

cant

ly a

t a

par

ticu

lar

po

int

in t

ime.

Jan

us a

pp

rove

s th

e us

e o

f an

alt

erna

tive

met

hod

tha

t is

acc

epte

d in

the

ind

ustr

y to

cal

cula

te h

ypo

thet

ical

per

form

ance

.

30

Inve

stm

ent

Op

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pp

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and

Cha

rges

F

or

the

Per

iod

End

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No

vem

ber

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, 20

16

© 2

016

Mo

rnin

gst

ar, I

nc. A

ll R

ight

s R

eser

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info

rmat

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cont

aine

d h

erei

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1) is

pro

pri

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Mo

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3) is

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tim

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Nei

ther

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Inve

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and

Cha

rges

F

or

the

Per

iod

End

ing

No

vem

ber

30

, 20

16

MF

S R

esea

rch

Inte

rnat

iona

l-R

313

Fo

reig

n La

rge

Ble

nd

1.14

%

1.11%

0

.05%

1.1

9%

1.1

6%

$

11.9

0

$11

.60

-3

.77%

-2

.77%

-4

.76

%

3.72

%

0.5

9%

3.

76%

0

1/0

2/19

97

MS

CI A

CW

I Ex

US

A N

R U

SD

0

.22%

3.

64

%

1.61%

N

/A

Fee

s an

d R

estr

icti

ons8

: N/A

Op

pen

heim

er In

tern

atio

nal D

iver

sifie

d A

Fo

reig

n La

rge

Gro

wth

1.26

%

1.26

%

0.0

5%

1.31%

1.3

1%

$13

.10

$13

.10

-4.6

2%

-0.0

7%

-1.6

1%

6.6

1%

3.26

%

5.26

%

09

/27/

200

5

MS

CI A

CW

I Ex

US

A G

row

th N

R U

SD

0

.13%

4

.48

%

2.4

1%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

SMA

LL-C

AP

S

mal

l-ca

p s

tock

s g

ener

ally

hav

e hi

ghe

r ri

sk a

nd r

ewar

d c

hara

cter

isti

cs t

han

larg

e co

mp

any

sto

cks.

Dre

yfus

Sm

all C

ap S

tock

Ind

ex14

Sm

all B

lend

0.5

1%

0.5

0%

0

.05%

0

.56

%

0.5

5%

$5.

60

$

5.50

8

.05%

21

.73%

15

.92%

15

.70

%

8.4

1%

9.4

7%

06

/30

/19

97

Rus

sell

200

0 T

R U

SD

4

.11%

11

.51%

5.

96

%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

Go

ldm

an S

achs

Sm

all C

ap V

alue

-A14

Sm

all B

lend

1.39

%

1.34

%

0.0

5%

1.44

%

1.39

%

$14

.40

$

13.9

0

7.14

%

20.3

6%

14

.22%

14

.61%

7.

99

%

10.7

7%

10/2

2/19

92

Rus

sell

200

0 T

R U

SD

4

.11%

11

.51%

5.

96

%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

A

pp

licab

le F

ees

& C

harg

es

Inve

stm

ent

Op

tio

n P

erfo

rman

ce5

Fund

Nam

e /

Shar

e C

lass

M

orn

ing

star

Cat

ego

ry

Ap

plic

able

Ben

chm

ark

Fees

& R

estr

icti

ons

Ann

ual

Und

erly

ing

Fun

d

Exp

ense

Rat

io1

Pro

gra

m a

nd

Ad

min

istr

ativ

e C

harg

e2

Tota

l Ann

ual

Exp

ense

Rat

io3

Tota

l Ret

urn

Ave

rag

e A

nnua

l Ret

urn4

In

cep

tio

n D

ate

Gro

ss

Net

A

s a

%

Gro

ss

Net

Per

$10

00

in

vest

ed

Gro

ss

Net

3 M

o.

YTD

1

Yr.

5

Yr.

10

Yr.

Si

nce

Ince

pt6

34

Inve

stm

ent

Op

tio

n P

erfo

rman

ce a

nd A

pp

licab

le F

ees

and

Cha

rges

F

or

the

Per

iod

End

ing

No

vem

ber

30

, 20

16

Inve

sco

Sm

all C

ap G

row

th-A

14

Sm

all G

row

th

1.20

%

1.20

%

0.0

5%

1.25%

1.2

5%

$12

.50

$

12.5

0

3.75

%

11.3

6%

6

.13%

14

.06

%

8.2

9%

10

.41%

10

/18

/19

95

Rus

sell

200

0 G

row

th T

R U

SD

-0

.49

%

11.3

4%

6

.92%

N

/A

Fee

s an

d R

estr

icti

ons8

: N/A

Vic

tory

Syc

amo

re S

mal

l Co

mp

any

Op

po

rtun

ity-

A

Sm

all V

alue

1.31%

1.3

1%

0.0

5%

1.36

%

1.36

%

$13

.60

$

13.6

0

10.6

0%

25

.76

%

18.5

4%

14

.87%

8

.56

%

10.16

%

03/

26/1

99

9

Rus

sell

200

0 V

alue

TR

US

D

8.8

1%

11.6

3%

4.9

1%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

MID

-CA

P

Mid

-cap

sto

cks

gen

eral

ly h

ave

hig

her

risk

and

rew

ard

cha

ract

eris

tics

tha

n la

rge

com

pan

y st

ock

s.

Ave

Mar

ia C

atho

lic V

alue

s

Mid

-Cap

Ble

nd

1.18

%

1.18

%

0.0

5%

1.23%

1.2

3%

$12

.30

$

12.3

0

4.4

7%

15.3

5%

8.3

0%

6

.69

%

3.33

%

6.3

0%

0

5/0

1/20

01

Rus

sell

Mid

Cap

TR

US

D

4.17

%

13.12

%

7.55

%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

Ave

Mar

ia G

row

th

Mid

-Cap

Gro

wth

1.17%

1.1

7%

0.0

5%

1.22%

1.2

2%

$12

.20

$

12.2

0

0.5

0%

12

.15%

8

.01%

11

.93%

7.

90

%

10.2

3%

05/

01/

200

3

Rus

sell

Mid

Cap

Gro

wth

TR

US

D

0.4

0%

12

.02%

7.

65%

N

/A

Fee

s an

d R

estr

icti

ons8

: N/A

A

pp

licab

le F

ees

& C

harg

es

Inve

stm

ent

Op

tio

n P

erfo

rman

ce5

Fund

Nam

e /

Shar

e C

lass

M

orn

ing

star

Cat

ego

ry

Ap

plic

able

Ben

chm

ark

Fees

& R

estr

icti

ons

Ann

ual

Und

erly

ing

Fun

d

Exp

ense

Rat

io1

Pro

gra

m a

nd

Ad

min

istr

ativ

e C

harg

e2

Tota

l Ann

ual

Exp

ense

Rat

io3

Tota

l Ret

urn

Ave

rag

e A

nnua

l Ret

urn4

In

cep

tio

n D

ate

Gro

ss

Net

A

s a

%

Gro

ss

Net

Per

$10

00

in

vest

ed

Gro

ss

Net

3 M

o.

YTD

1

Yr.

5

Yr.

10

Yr.

Si

nce

Ince

pt6

35

Inve

stm

ent

Op

tio

n P

erfo

rman

ce a

nd A

pp

licab

le F

ees

and

Cha

rges

F

or

the

Per

iod

End

ing

No

vem

ber

30

, 20

16

Dre

yfus

Mid

cap

Ind

ex15

Mid

-Cap

Ble

nd

0.5

1%

0.5

0%

0

.05%

0

.56

%

0.5

5%

$5.

60

$

5.50

4

.34

%

17.6

9%

12

.75%

14

.22%

8

.41%

11

.74

%

06

/19

/19

91

Rus

sell

Mid

Cap

TR

US

D

4.17

%

13.12

%

7.55

%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

Per

kins

Mid

Cap

Val

ue-S

15

Mid

-Cap

Val

ue

0.8

7%

0.8

7%

0.0

5%

0.9

2%

0.9

2%

$9

.20

$

9.2

0

4.0

9%

16

.59

%

12.7

2%

10.8

5%

6.5

7%

11.4

7%

08

/12/

199

8

Rus

sell

Mid

Cap

Val

ue T

R U

SD

7.

84

%

14.0

7%

16.9

9%

N

/A

Fee

s an

d R

estr

icti

ons8

: N/A

Pru

den

tial

Jen

niso

n M

id-C

ap G

row

th

Fun

d-A

Mid

-Cap

Gro

wth

1.06

%

1.06

%

0.0

5%

1.11%

1.1

1%

$11

.10

$11

.10

1.04

%

3.51

%

0.8

1%

9.9

0%

7.

50%

9

.42%

12

/31/

199

6

Rus

sell

Mid

Cap

Gro

wth

TR

US

D

0.4

0%

12

.02%

7.

65%

N

/A

Fee

s an

d R

estr

icti

ons8

: N/A

Vic

tory

Syc

amo

re E

stab

lishe

d V

alue

-A

Mid

-Cap

Val

ue

0.9

9%

0

.99

%

0.0

5%

1.04

%

1.04

%

$10

.40

$

10.4

0

4.7

4%

19

.66

%

12.7

3%

15.3

9%

9

.74

%

11.9

6%

0

8/1

6/1

98

3

Rus

sell

Mid

Cap

Val

ue T

R U

SD

7.

84

%

14.0

7%

7.19

%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

A

pp

licab

le F

ees

& C

harg

es

Inve

stm

ent

Op

tio

n P

erfo

rman

ce5

Fund

Nam

e /

Shar

e C

lass

M

orn

ing

star

Cat

ego

ry

Ap

plic

able

Ben

chm

ark

Fees

& R

estr

icti

ons

Ann

ual

Und

erly

ing

Fun

d

Exp

ense

Rat

io1

Pro

gra

m a

nd

Ad

min

istr

ativ

e C

harg

e2

Tota

l Ann

ual

Exp

ense

Rat

io3

Tota

l Ret

urn

Ave

rag

e A

nnua

l Ret

urn4

In

cep

tio

n D

ate

Gro

ss

Net

A

s a

%

Gro

ss

Net

Per

$10

00

in

vest

ed

Gro

ss

Net

3 M

o.

YTD

1

Yr.

5

Yr.

10

Yr.

Si

nce

Ince

pt6

36

Inve

stm

ent

Op

tio

n P

erfo

rman

ce a

nd A

pp

licab

le F

ees

and

Cha

rges

F

or

the

Per

iod

End

ing

No

vem

ber

30

, 20

16

LAR

GE

-CA

P

Sto

cks

fluc

tuat

e in

val

ue a

nd a

re s

ubje

ct t

o m

ore

ris

k th

an b

ond

s o

r m

one

y m

arke

t in

vest

men

ts. S

hare

s, w

hen

red

eem

ed, m

ay b

e w

ort

h m

ore

or

less

tha

n th

eir

ori

gin

al c

ost

.

Ave

Mar

ia R

isin

g D

ivid

end

15

Larg

e B

lend

0.9

2%

0.9

2%

0.0

5%

0.9

7%

0.9

7%

$9

.70

$

9.7

0

2.14

%

14.9

2%

10.9

9%

12

.61%

7.

98

%

8.9

4%

0

5/0

1/20

05

Rus

sell

100

0 T

R U

SD

4

.26

%

13.5

1%

6.8

3%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

JPM

org

an U

S E

qui

ty-A

Larg

e B

lend

1.14

%

0.9

4%

0

.05%

1.1

9%

0

.99

%

$11

.90

$

9.9

0

3.55

%

8.9

8%

7.

13%

14

.46

%

7.8

8%

10

.03%

0

9/1

7/19

93

Rus

sell

100

0 T

R U

SD

4

.26

%

13.5

1%

6.8

3%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

Put

nam

Eq

uity

Inco

me-

R

Larg

e V

alue

1.21%

1.2

1%

0.0

5%

1.26

%

1.26

%

$12

.60

$

12.6

0

2.8

7%

10.6

7%

7.8

0%

13

.59

%

6.8

8%

9

.33%

0

6/1

5/19

77

Rus

sell

100

0 V

alue

TR

US

D

6.3

7%

13.3

1%

5.35

%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

T.R

ow

e P

rice

Gro

wth

Sto

ck-R

Larg

e G

row

th

1.17%

1.1

7%

0.0

5%

1.22%

1.2

2%

$12

.20

$

12.2

0

1.35%

0

.60

%

0.17

%

14.3

0%

7.

51%

N

/A

04

/11/

1950

Rus

sell

100

0 G

row

th T

R U

SD

2.

28%

13

.65%

8

.22%

N

/A

Fee

s an

d R

estr

icti

ons8

: N/A

A

pp

licab

le F

ees

& C

harg

es

Inve

stm

ent

Op

tio

n P

erfo

rman

ce5

Fund

Nam

e /

Shar

e C

lass

M

orn

ing

star

Cat

ego

ry

Ap

plic

able

Ben

chm

ark

Fees

& R

estr

icti

ons

Ann

ual

Und

erly

ing

Fun

d

Exp

ense

Rat

io1

Pro

gra

m a

nd

Ad

min

istr

ativ

e C

harg

e2

Tota

l Ann

ual

Exp

ense

Rat

io3

Tota

l Ret

urn

Ave

rag

e A

nnua

l Ret

urn4

In

cep

tio

n D

ate

Gro

ss

Net

A

s a

%

Gro

ss

Net

Per

$10

00

in

vest

ed

Gro

ss

Net

3 M

o.

YTD

1

Yr.

5

Yr.

10

Yr.

Si

nce

Ince

pt6

37

Inve

stm

ent

Op

tio

n P

erfo

rman

ce a

nd A

pp

licab

le F

ees

and

Cha

rges

F

or

the

Per

iod

End

ing

No

vem

ber

30

, 20

16

TIA

A-C

RE

F E

qui

ty In

dex

R

Larg

e B

lend

0.3

0%

0

.30

%

0.0

5%

0.3

5%

0.3

5%

$3.

50

$3.

50

2.30

%

10.3

3%

8.0

2%

14.0

9%

6

.71%

5.

00

%

07/

01/

199

9

Rus

sell

100

0 T

R U

SD

4

.26

%

13.5

1%

6.8

3%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

TIA

A-C

RE

F L

arg

e-C

ap G

row

th In

dex

R

Larg

e G

row

th

0.3

1%

0.3

1%

0.0

5%

0.3

6%

0

.36

%

$3.

60

$

3.6

0

0.0

4%

5.

48

%

3.8

9%

13

.78

%

7.8

9%

9

.05%

10

/01/

200

2

Rus

sell

100

0 G

row

th T

R U

SD

2.

28%

13

.65%

8

.22%

N

/A

Fee

s an

d R

estr

icti

ons8

: N/A

TIA

A-C

RE

F L

arg

e-C

ap V

alue

Ind

ex R

Larg

e V

alue

0.3

1%

0.3

1%

0.0

5%

0.3

6%

0

.36

%

$3.

60

$

3.6

0

3.78

%

14.2

1%

11.7

1%

14.3

2%

5.39

%

8.9

9%

10

/01/

200

2

Rus

sell

100

0 V

alue

TR

US

D

6.3

7%

13.3

1%

5.35

%

N/A

Fee

s an

d R

estr

icti

ons8

: N/A

ASS

ET

ALL

OC

ATI

ON

/BA

LAN

CE

D

Ass

et A

lloca

tio

n d

oes

n’t

ensu

re a

pro

fit

or

pro

tect

ag

ains

t lo

ss.

Am

eric

an F

und

s C

apit

al In

com

e B

uild

er-

R313

Wo

rld

Allo

cati

on

0.9

6%

0

.96

%

0.0

5%

1.01%

1.0

1%

$10

.10

$10

.10

-3.2

0%

4

.18%

2.

73%

6

.73%

3.

65%

8

.66

%

07/

30/1

98

7

Mo

rnin

gst

ar G

bl A

lloca

tio

n TR

US

D

4.2

8%

6

.11%

4

.93%

N

/A

Fee

s an

d R

estr

icti

ons8

: N/A

A

pp

licab

le F

ees

& C

harg

es

Inve

stm

ent

Op

tio

n P

erfo

rman

ce5

Fund

Nam

e /

Shar

e C

lass

M

orn

ing

star

Cat

ego

ry

Ap

plic

able

Ben

chm

ark

Fees

& R

estr

icti

ons

Ann

ual

Und

erly

ing

Fun

d

Exp

ense

Rat

io1

Pro

gra

m a

nd

Ad

min

istr

ativ

e C

harg

e2

Tota

l Ann

ual

Exp

ense

Rat

io3

Tota

l Ret

urn

Ave

rag

e A

nnua

l Ret

urn4

In

cep

tio

n D

ate

Gro

ss

Net

A

s a

%

Gro

ss

Net

Per

$10

00

in

vest

ed

Gro

ss

Net

3 M

o.

YTD

1

Yr.

5

Yr.

10

Yr.

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41

Inve

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Op

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pp

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42

Op

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me:

Fix

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Ob

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Pla

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erm

itte

d o

nce

pay

men

ts c

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men

ce, w

ith

the

exce

pti

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of

any

annu

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feat

urin

g m

ont

hly

pay

men

ts f

or

a d

esig

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ith

resp

ect

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n an

nuit

y w

ith

mo

nthl

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aym

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r a

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igna

ted

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iod

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rend

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will

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ener

ally

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ject

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ap

plic

able

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gen

t d

efer

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harg

es (

typ

ical

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per

cent

age

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amo

unt

of

the

surr

end

er,

bas

ed o

n ce

rtai

n P

lan

cont

ract

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teri

a).

A P

rog

ram

and

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min

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ativ

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Cha

rge”

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ort

alit

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xpen

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trat

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char

ge)

is

app

licab

le t

o t

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sset

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soci

ated

wit

h yo

ur a

cco

unt.

The

max

imum

Cha

rge

app

licab

le t

o y

our

acc

oun

t is

1.2

5% p

er y

ear.

Ho

wev

er,

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exa

ct C

harg

e m

ay b

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nce

noti

ce t

o y

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n, t

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tio

n w

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e su

bje

ct t

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ded

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app

licab

le s

tate

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icip

alit

y p

rem

ium

tax

es.

†

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s o

pti

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lab

le t

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ou

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erm

itte

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nder

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ter

ms

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n. F

or

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itio

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nfo

rmat

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reg

ard

ing

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ann

uity

pay

out

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tio

ns t

hat

may

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avai

lab

le t

o y

ou

und

er y

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Pla

n, a

s w

ell a

s an

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soci

ated

fee

s an

d e

xpen

ses,

ple

ase

cont

act

your

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n S

po

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ntra

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mp

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assa

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ife

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pan

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NU

ITY

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tab

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pp

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†

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ject

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o p

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me

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your

life

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unts

tha

t m

ay v

ary

dep

end

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up

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erly

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inve

stm

ent

per

form

ance

and

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plic

able

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d e

xpen

ses,

bas

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po

n th

e in

vest

men

t o

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ons

yo

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elec

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r yo

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cco

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sub

ject

to

the

inve

stm

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inve

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d

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form

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rece

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hart

tab

les.

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cing

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tors

: T

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ost

of

each

ann

uity

uni

t d

epen

ds

on

your

ag

e an

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tere

st r

ates

whe

n yo

u b

uy it

. Ord

inar

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he c

lose

r yo

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ent

the

mo

re it

will

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st y

ou

to b

uy a

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t.

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ject

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ter

ms

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n an

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lan

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efit

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lly a

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n. T

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n an

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efit

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l gen

eral

ly b

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ium

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vest

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l arr

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lect

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le a

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o s

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e p

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itte

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nce

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ts c

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men

ce, w

ith

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exce

pti

on

of

any

annu

ity

feat

urin

g m

ont

hly

pay

men

ts f

or

a d

esig

nate

d p

erio

d. W

ith

resp

ect

to a

n an

nuit

y w

ith

mo

nthl

y p

aym

ents

fo

r a

des

igna

ted

per

iod

, sur

rend

ers

will

g

ener

ally

be

sub

ject

to

any

ap

plic

able

co

ntin

gen

t d

efer

red

sal

es c

harg

es (

typ

ical

ly a

per

cent

age

of

the

full

amo

unt

of

the

surr

end

er,

bas

ed o

n ce

rtai

n P

lan

cont

ract

cri

teri

a).

A P

rog

ram

and

Ad

min

istr

ativ

e C

harg

e (“

Cha

rge”

, als

o r

efer

red

to

as

a m

ort

alit

y, e

xpen

se r

isk

and

/or

adm

inis

trat

ive

char

ge)

is

app

licab

le t

o t

he a

sset

s as

soci

ated

wit

h yo

ur a

cco

unt.

The

max

imum

Cha

rge

app

licab

le t

o y

our

acc

oun

t is

1.2

5% p

er y

ear.

Ho

wev

er,

your

exa

ct C

harg

e m

ay b

e lo

wer

. Up

on

adva

nce

noti

ce t

o y

our

Pla

n, t

his

Cha

rge

may

dec

reas

e o

r in

crea

se.

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dd

itio

n to

any

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rges

des

crib

ed a

bo

ve, a

ny a

mo

unts

wit

hdra

wn

fro

m y

our

acc

oun

t to

pur

chas

e an

ann

uity

pay

out

op

tio

n w

ill b

e su

bje

ct t

o a

ded

ucti

on

for

any

app

licab

le s

tate

/mun

icip

alit

y p

rem

ium

tax

es.

††

Thi

s o

pti

on

may

be

avai

lab

le t

o y

ou

if p

erm

itte

d u

nder

the

ter

ms

of

your

Pla

n. F

or

add

itio

nal i

nfo

rmat

ion

reg

ard

ing

any

ann

uity

pay

out

op

tio

ns t

hat

may

be

avai

lab

le t

o y

ou

und

er y

our

Pla

n, a

s w

ell a

s an

y as

soci

ated

fee

s an

d e

xpen

ses,

ple

ase

cont

act

your

Pla

n S

po

nso

r.

Var

iab

le A

nnui

ty P

ayo

ut O

pti

on

Info

rmat

ion

The

tab

le b

elo

w f

ocu

ses

on

the

annu

ity

op

tio

ns u

nder

the

Pla

n. A

nnui

ties

are

insu

ranc

e co

ntra

cts

that

allo

w y

ou

to r

ecei

ve a

gua

rant

eed

str

eam

of

pay

men

ts a

t re

gul

ar in

terv

als,

usu

ally

beg

inni

ng w

hen

you

reti

re a

nd la

stin

g y

our

ent

ire

life.

Gua

rant

ees

of

an in

sura

nce

com

pan

y ar

e su

bje

ct t

o it

s lo

ng-t

erm

fina

ncia

l str

eng

th

and

cla

ims-

pay

ing

ab

ility

.

43

Inve

stm

ent

Op

tio

n P

erfo

rman

ce a

nd A

pp

licab

le F

ees

and

Cha

rges

Ve

AllianceBernstein Discovery Growth Investment Option

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

Global Specialty

Mid-cap investing generally have higher risk and return characteristics than large-company stocks.

_Volatility Prof le i

The volatility profile is a measure of the level of risk of the underlying fund and is based on a ranking of the three year standard deviation of the fund’s performance. The ranking is compared against other funds within the same broad category group. The higher the volatility, the higher the variation in returns.

_Strategy

_Portfolio Statistics As of 12/31/2012

Inception Date: 7/7/1938 Net Assets ($ in millions): $1 026 92

Investment Advisor: AllianceBernstein LP Portfolio Manager: Team Managed

This investment option is available to your plan through a group variable contract offered to fund retirement programs. Your plan invests in the separate account which invests directly in the mutual fund.

The investment seeks long-term growth of capital. The fund invests primarily in a diversified portfolio of equity securities with relatively smaller capitalizations as compared to the overall U.S. market. It normally invests at least 80% of its net assets in the equity securities of small- and mid-capitalization companies. The fund may invest in foreign securities. It invests up to 20% of total assets in rights and warrants. The fund invests in approximately 60-120 stocks broadly diversified by sector.

Large

Mid

Small

Value Blend Growth

VRU Code: 763

Morningstar Category Mid-Cap Growth

Morningstar Style Box

As of 12/31/2012

Asset Allocation % Assets

Stock .........................................................94.70 Foreign Stock ..............................................3.68 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................1.45 Other ........................................................... 0.17 Total 100.00% Largest Holdings % Assets

Cadence Design Systems, Inc. ....................1.93 Ulta Salon Cosmetics & Fragrances, Inc. ....1.89 Panera Bread Company, Inc. Class A ..........1.81 CoStar Group, Inc. ...................................... 1.79 U it d R t l I 1 76

Publication Date 1Q 2013

Sample Investment Option

RS1928 413

Ve

AB High Income Investment Option

Processing and publication dates vary by fund company resulting in potential variations in “as of” dates. Information contained herein is subject to change at any time, and may vary based on underlying fund and/or share class considerations (if applicable). Certain sections, if shown, may not add up to 100% due to rounding. Retirement programs invest in mutual funds through custodial accounts. Morningstar Category: identifies funds based on investment styles as measured by their underlying portfolio holdings/statistics over 3 years. Investment options can move into other categories, or Morningstar may change their classification methodology. © 2016 Morningstar, Inc. 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. © 2016 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. RS-37176-00. © 2016 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. © 2016 Morningstar, Inc. 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. © 2016 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives.




GlobalSpecialty

Securities rated ''BB'' and below are commonly referred to as ''high yield, high risk securities'' or ''junk bonds.'' High yield bonds generally involve greater credit risk and may be more volatile than investment grade bonds.


The volatility profile is a measure of the level of risk of the fund and is based on a ranking of the three year standard deviation of the fund’s performance. The ranking is compared against other funds within the same broad category group. The higher the volatility, the higher the variation in returns.

_Strategy


Inception Date: 2/25/1994 Net Assets ($ in millions): $7,767.67 Number of Bond Holdings: 1051

Number of Stock Holdings: 8 Investment Advisor: AllianceBernstein LP Portfolio Manager: Team Managed

The investment seeks to maximize total returns from price appreciation and income. The fund pursues income opportunities from government, corporate, emerging market and high-yield sources. It has the flexibility to invest in a broad range of fixed-income securities in both developed and emerging market countries. The fund's investments may include U.S. and non-U.S. corporate debt securities and sovereign debt securities. It may invest, without limitation, in either U.S. Dollar-denominated or non-U.S. Dollar-denominated fixed-income securities.

VRU Code: 868

Morningstar Category Multisector Bond

As of 9/30/2016


Stock ...........................................................0.16 Foreign Stock ..............................................0.05 Bond ......................................................... 61.55 Foreign Bond .............................................26.56 Preferred ..................................................... 1.40 Convertible ..................................................0.63 Cash ............................................................5.41 Other ........................................................... 4.24 Total 100.00% Largest Holdings % Assets

US Treasury Note 0.875% .......................... 7.18 US Treasury Note 0.875% .......................... 4.94 US Treasury Note 1.25% ............................ 3.38 US Treasury Bond 6.125% ..........................1.47 Turkey(Rep Of) 8.3% .................................. 0.77 Brazil Federative Rep 10% .......................... 0.69 Mexico(Utd Mex St) 6.5% .......................... 0.69 Brazil Federative Rep 10% .......................... 0.49 Brazil Federative Rep 10% .......................... 0.48 Ivory Coast Republic 2.5% ......................... 0.48 Total 20.57%


Ve

American Funds Capital Income Builder Investment Option





GlobalSpecialty



_Strategy


Inception Date: 7/30/1987 Net Assets ($ in millions): $99,425.73 Number of Bond Holdings: 1203 Number of Stock Holdings: 230

Investment Advisor: Capital Research and Management Company

Portfolio Manager: Team Managed

The investment seeks a level of current income and a growing stream of income over years, growth of capital is the secondary objective. The fund normally will invest at least 90% of its assets in income-producing securities (with at least 50% of its assets in common stocks and other equity securities). The fund invests primarily in a broad range of income-producing securities, including common stocks and bonds. In seeking to provide the investors with a level of current income that exceeds the average yield on U.S. stocks, the fund generally looks to the average yield on stocks of companies listed on the S&P 500 Index.

VRU Code: 316

Morningstar Category World Allocation

As of 9/30/2016


Stock .........................................................42.11 Foreign Stock ............................................36.94 Bond ......................................................... 16.27 Foreign Bond ...............................................1.59 Preferred ..................................................... 0.25 Convertible ..................................................0.00 Cash ............................................................0.83 Other ........................................................... 2.00 Total 99.99% Largest Holdings % Assets

Philip Morris International Inc .................... 3.77 Verizon Communications Inc ...................... 2.93 AbbVie Inc ...................................................2.16 Altria Group Inc ...........................................2.13 National Grid PLC ....................................... 1.90 Amgen Inc ...................................................1.83 GlaxoSmithKline PLC .................................. 1.81 Coca-Cola Co .............................................. 1.68 AT&T Inc ..................................................... 1.61 SSE PLC ......................................................1.59 Total 21.41% Diversification % Assets

Basic Materials ............................................2.17 Consumer Cyclical ...................................... 5.15 Financial Services ....................................... 9.12 Real Estate .................................................. 3.65 Consumer Defensive ................................. 18.26 Healthcare ................................................. 12.11 Utilities ......................................................12.63 Communication Services .......................... 13.20 Energy .........................................................8.96 Industrials ................................................... 8.62 Technology ..................................................6.14 Total 100.01%


Ve

American Funds EuroPacific Growth Investment Option





GlobalSpecialty

Investing in foreign issuers and non-dollar securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war or expropriation.



_Strategy





The investment seeks long-term growth of capital. The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investment adviser believes have the potential for growth. Growth stocks are stocks that the investment adviser believes have the potential for above-average capital appreciation. It normally will invest at least 80% of its net assets in securities of issuers in Europe and the Pacific Basin. The fund may invest a portion of its assets in common stocks and other securities of companies in emerging markets.

VRU Code: 143

Morningstar Category Foreign Large Growth

As of 9/30/2016


Stock ...........................................................1.49 Foreign Stock ............................................91.47 Bond ........................................................... 1.71 Foreign Bond ...............................................0.05 Preferred ..................................................... 0.30 Convertible ..................................................0.00 Cash ............................................................1.54 Other ........................................................... 3.44 Total 100.00% Largest Holdings % Assets

Novo Nordisk A/S B .................................... 3.08 Nintendo Co Ltd ..........................................2.34 Tencent Holdings Ltd .................................. 2.27 Alibaba Group Holding Ltd ADR ................. 2.26 AIA Group Ltd ............................................. 2.07 Novartis AG .................................................2.05 HDFC Bank Ltd ............................................1.85 SoftBank Group Corp ..................................1.76 Taiwan Semiconductor Manufacturing Co Ltd 1.75 British American Tobacco PLC ....................1.73 Total 21.16% Diversification % Assets

Japan ........................................................ 15.70 United Kingdom ........................................ 12.50 China ...........................................................8.09 India ............................................................7.81 Hong Kong ..................................................5.56 France ......................................................... 5.29 Switzerland ................................................. 5.24 Germany ..................................................... 4.16 Denmark ..................................................... 3.64 Canada ........................................................ 3.62 Total 71.61%


Ve

American Funds New Perspective Investment Option





GlobalSpecialty




_Strategy





The investment seeks long-term growth of capital; future income is a secondary objective. The fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships by investing in common stocks of companies located around the world. In pursuing its primary investment objective, it invests primarily in common stocks that the investment adviser believes have the potential for growth. In pursuing its secondary objective, the fund invests in common stocks of companies with the potential to pay dividends in the future.

VRU Code: 160

Morningstar Category World Stock

As of 9/30/2016


Stock .........................................................47.54 Foreign Stock ............................................44.45 Bond ........................................................... 1.85 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.60 Convertible ..................................................0.03 Cash ............................................................1.86 Other ........................................................... 3.67 Total 100.00% Largest Holdings % Assets

Amazon.com Inc ......................................... 4.54 Novo Nordisk A/S B .................................... 3.75 Naspers Ltd Class N ................................... 1.87 Taiwan Semiconductor Manufacturing Co Ltd 1.87 Microsoft Corp ............................................1.80 Regeneron Pharmaceuticals Inc ................. 1.68 The Priceline Group Inc .............................. 1.64 AIA Group Ltd ............................................. 1.51 British American Tobacco PLC ....................1.44 Broadcom Ltd ............................................. 1.40 Total 21.50% Diversification % Assets

United States .............................................49.39 United Kingdom .......................................... 6.36 Japan .......................................................... 6.31 Denmark ..................................................... 4.11 Switzerland ................................................. 3.86 France ......................................................... 3.58 Netherlands .................................................3.15 South Africa ................................................ 2.26 Hong Kong ..................................................2.08 Taiwan .........................................................2.02 Total 83.12%


Ve

Ave Maria Bond Investment Option





GlobalSpecialty




_Strategy


Inception Date: 5/1/2003 Net Assets ($ in millions): $238.94 Number of Bond Holdings: 82 Number of Stock Holdings: 17

Investment Advisor: Schwartz Investment Counsel Inc

Portfolio Manager: Richard Platte, Jr.

The investment seeks preservation of principal with a reasonable level of current income. The fund invests primarily (80% or more of its net assets, including the amount of any borrowings for investment purposes) in investment-grade debt securities of domestic issuers, including the U.S. government and its agencies and instrumentalities, corporations and municipalities and money market instruments. It may invest up to 20% of its net assets in equity securities (which include preferred stocks, common stocks paying dividends and securities convertible into common stock) of domestic issuers or U.S. dollar-denominated foreign issuers of any market capitalization.

VRU Code: 457

Morningstar Category Intermediate-Term Bond

As of 8/31/2016


Stock .........................................................13.79 Foreign Stock ..............................................2.00 Bond ......................................................... 74.41 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................9.80 Other ........................................................... 0.00 Total 100.00% Largest Holdings % Assets

US Treasury Note 3.875% .......................... 2.23 US Treasury Note 3.5% .............................. 2.20 US Treasury Bond 8% .................................1.42 US Treasury Note 3.5% .............................. 1.38 US Treasury Note 2.625% .......................... 1.35 US Treasury Note 2.125% .......................... 1.32 Colgate Palmolive Co Mtns Be 2.45% ........ 1.32 Occidental Pete Corp Del 3.125% ...............1.31 US Treasury Note 1.625% .......................... 1.29 Praxair Inc ...................................................1.29 Total 15.11%


Ve

Ave Maria Catholic Values Investment Option





GlobalSpecialty




_Strategy


Inception Date: 5/1/2001 Net Assets ($ in millions): $208.29 Number of Stock Holdings: 47


Portfolio Manager: George P. Schwartz Gregory R. Heilman

The investment seeks long-term capital appreciation. The fund invests primarily in common stocks believed by the adviser to be priced at a discount to their true value according to the Adviser's criteria for value. Under normal circumstances, all of its equity investments (which include common stocks, preferred stocks and securities convertible into common stock) and at least 80% of its net assets will be invested in companies meeting its religious criteria. The fund invests in securities of established companies of various market capitalizations.

Large

Mid

Small

Value Blend Growth

VRU Code: 932

Morningstar Category Mid-Cap Blend


As of 8/31/2016



Pioneer Natural Resources Co .................... 4.14 Laboratory Corp of America Holdings .........4.11 Nordstrom Inc .............................................3.50 MSC Industrial Direct Co Inc ...................... 3.38 ARRIS International PLC .............................3.37 Discovery Communications Inc Class A ..... 2.95 Noble Energy Inc .........................................2.93 Discover Financial Services .........................2.77 Heico Corp Class A ..................................... 2.63 Alleghany Corp ............................................2.61 Total 32.39% Diversification % Assets

Basic Materials ............................................1.88 Consumer Cyclical .................................... 14.28 Financial Services ..................................... 16.43 Real Estate .................................................. 2.28 Consumer Defensive ................................... 1.75 Healthcare ................................................... 9.70 Utilities ........................................................0.00 Communication Services ............................ 0.00 Energy .......................................................13.48 Industrials ................................................. 25.14 Technology ................................................15.08 Total 100.02%


Ve

Ave Maria Growth Investment Option





GlobalSpecialty




_Strategy




Portfolio Manager: James Bashaw

The investment seeks long-term capital appreciation. The fund invests primarily in common stocks of companies believed by the Adviser to offer above-average potential for growth in revenues, profits or cash flow. Dividend and interest income are secondary considerations in investment selection. Under normal circumstances, all of its equity investments and at least 80% of the fund's net assets will be invested in companies meeting its religious criteria. The fund may invest in companies of all sizes, including small and mid-cap companies.

Large

Mid

Small

Value Blend Growth

VRU Code: 933



As of 8/31/2016



Copart Inc ................................................... 3.94 Cerner Corp .................................................3.60 Laboratory Corp of America Holdings .........3.53 Omnicom Group Inc ................................... 3.45 AMETEK Inc ................................................ 3.38 MSC Industrial Direct Co Inc ...................... 3.34 Moody"s Corporation .................................. 3.27 Amgen Inc ...................................................3.16 Cognizant Technology Solutions Corp A ..... 3.15 Varian Medical Systems Inc ........................3.08 Total 33.90% Diversification % Assets

Basic Materials ............................................2.79 Consumer Cyclical .................................... 29.31 Financial Services ....................................... 3.09 Real Estate .................................................. 1.57 Consumer Defensive ................................... 0.00 Healthcare ................................................. 13.57 Utilities ........................................................0.00 Communication Services ............................ 0.00 Energy .........................................................2.40 Industrials ................................................. 34.51 Technology ................................................12.76 Total 100.00%


Ve

Ave Maria Rising Dividend Investment Option





GlobalSpecialty



_Strategy




Portfolio Manager: George P. Schwartz Richard Platte, Jr.

The investment seeks increasing dividend income over time, long-term growth of capital, and a reasonable level of current income. The fund will invest at least 80% of its net assets, including the amount of any borrowings for investment purposes, in the common stocks of dividend-paying companies that are expected to increase their dividends over time and to provide long-term growth of capital. Under normal circumstances, all of its equity investments (which include common stocks, preferred stocks and securities convertible into common stock) and at least 80% of the fund's net assets will be invested in companies meeting its religious criteria.

Large

Mid

Small

Value Blend Growth

VRU Code: 867

Morningstar Category Large Blend


As of 8/31/2016


Stock .........................................................84.24 Foreign Stock ..............................................5.74 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ..........................................................10.02 Other ........................................................... 0.00 Total 100.00% Largest Holdings % Assets

Cisco Systems Inc ...................................... 3.86 Omnicom Group Inc ................................... 3.70 Medtronic PLC ............................................ 3.47 VF Corp ....................................................... 3.31 3M Co ......................................................... 3.30 Lowe"s Companies Inc ................................3.29 W.W. Grainger Inc ....................................... 3.25 Johnson Controls ........................................3.23 United Parcel Service Inc Class B ............... 3.22 Diageo PLC ADR ......................................... 3.17 Total 33.80% Diversification % Assets

Basic Materials ............................................3.33 Consumer Cyclical .................................... 25.99 Financial Services ..................................... 16.18 Real Estate .................................................. 0.00 Consumer Defensive ................................... 5.97 Healthcare ................................................... 7.33 Utilities ........................................................0.00 Communication Services ............................ 0.00 Energy .........................................................8.97 Industrials ................................................. 25.00 Technology ..................................................7.24 Total 100.01%


Ve

Delaware Extended Duration Bond Investment Option

Processing and publication dates vary by fund company resulting in potential variations in “as of” dates. Information contained herein is subject to change at any time, and may vary based on underlying fund and/or share class considerations (if applicable). Certain sections, if shown, may not add up to 100% due to rounding. Retirement programs invest in mutual funds through custodial accounts. Morningstar Category: identifies funds based on investment styles as measured by their underlying portfolio holdings/statistics over 3 years. Investment options can move into other categories, or Morningstar may change their classification methodology. © 2013 Morningstar, Inc. 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. © 2013 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. RS-31548-00.




GlobalSpecialty

Investing in foreign securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war, or expropriation. International investments involve special risks, including currency fluctuation, lower liquidity, different accounting methods and economic and political systems, and higher transaction costs. These risks typically are greater in emerging markets. For purposes of determining the fund's holdings, securities of the same issuer are aggregated to determine the weight in the fund.



_Strategy


Inception Date: 9/15/1998 Net Assets ($ in millions): $753.96 Number of Bond Holdings: 224 Number of Stock Holdings: 1

Investment Advisor: Delaware Management Company

Portfolio Manager: Roger A. Early Kevin Loome

The investment seeks total return. The fund invests primarily in corporate bonds. Its focus is on corporate bonds that have investment grade credit ratings from a nationally recognized statistical rating organization (NRSRO). The bonds the fund managers select for the portfolio are typically rated BBB- and above. The fund may also invest in unrated bonds, if the fund managers believe their credit quality is comparable to those that have investment grade ratings. It may also invest up to 20% of its net assets in high yield corporate bonds ("junk bonds").

VRU Code: 1137

Morningstar Category Long-Term Bond

As of 6/30/2013


Stock ...........................................................0.51 Foreign Stock ..............................................0.00 Bond ......................................................... 60.20 Foreign Bond .............................................43.72 Preferred ................................................... 10.88 Convertible ..................................................1.60 Cash .........................................................-18.99 Other ........................................................... 2.07 Total 99.99% Largest Holdings % Assets

Us Long Bond (Cbt) Sep13 .......................16.33 Us Ultra Bond (Cbt) Sep 13 ........................ 7.70 Us 5yr Note (Cbt) Sep13 .............................5.05 Celgene 5.7% ..............................................1.31 Erac Usa Fin Company 144A 5.625% ......... 1.15 Zoetis 144A 4.7% ....................................... 1.14 Berkshire Hathaway Fin 4.3% ..................... 1.13 Qvc 144A 4.375% .......................................1.11 Apple 3.85% ............................................... 1.09 Agl Cap 4.4% .............................................. 1.07 Total 37.08%


Ve

Dreyfus Bond Market Index Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Dreyfus Corporation Portfolio Manager: Laurie A. Carroll

The investment seeks to match the total return of the Barclays U.S. Aggregate Bond Index. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds that are included in the Barclays U.S. Aggregate Bond Index (or other instruments with similar economic characteristics). The Barclays U.S. Aggregate Bond Index is a broad-based, unmanaged index that covers the U.S. dollar-denominated, investment grade (Baa/BBB or higher), fixed-rate, taxable bond market.

VRU Code: 136

Morningstar Category Intermediate-Term Bond

As of 9/30/2016


Stock ...........................................................0.00 Foreign Stock ..............................................0.00 Bond ......................................................... 84.87 Foreign Bond ...............................................8.41 Preferred ..................................................... 0.00 Convertible ..................................................0.04 Cash ............................................................6.73 Other ..........................................................-0.06 Total 99.99% Largest Holdings % Assets

Govt Natl Mtg Asso 3.5% ........................... 1.76 Fed Natl Mort Assc 3.5% ............................ 1.10 Govt Natl Mtg Asso 3% .............................. 0.95 FHLMC 3.5% ...............................................0.74 US Treasury Note 1.25% ............................ 0.48 US Treasury Note 2.5% .............................. 0.46 Fed Natl Mort Assc 4% ............................... 0.46 Ginnie Mae Jumbos TBA 4% 2046-10-01 .. 0.45 US Treasury Note 1.625% .......................... 0.42 US Treasury Note 2.375% .......................... 0.41 Total 7.23%


Ve

Dreyfus MidCap Index Investment Option





GlobalSpecialty




_Strategy


Inception Date: 6/19/1991 Net Assets ($ in millions): $3,198.23 Number of Stock Holdings: 399

Investment Advisor: Dreyfus Corporation Portfolio Manager: Thomas Durante

The investment seeks to match the performance of the S&P MidCap 400® Index. To pursue its goal, the fund generally is fully invested in stocks included in the S&P MidCap 400® Index and in futures whose performance is tied to the index. It generally invests in all 400 stocks in the S&P MidCap 400® Index in proportion to their weighting in the index. The S&P MidCap 400® Index is an unmanaged index of 400 common stocks of medium-size companies. The fund is non-diversified.

Large

Mid

Small

Value Blend Growth

VRU Code: 464

Morningstar Category Mid-Cap Blend


As of 9/30/2016



Emini S&P Midcap ......................................1.13 IDEXX Laboratories Inc ...............................0.65 The WhiteWave Foods Co ........................... 0.62 Ingredion Inc ...............................................0.62 Duke Realty Corp ........................................ 0.62 ResMed Inc .................................................0.59 Synopsys Inc .............................................. 0.58 CDK Global Inc ............................................0.56 Alexandria Real Estate Equities Inc ............. 0.54 Alleghany Corp ............................................0.53 Total 6.44% Diversification % Assets

Basic Materials ............................................5.83 Consumer Cyclical .................................... 13.37 Financial Services ..................................... 14.12 Real Estate ................................................ 11.64 Consumer Defensive ................................... 4.59 Healthcare ................................................... 7.98 Utilities ........................................................4.90 Communication Services ............................ 0.53 Energy .........................................................4.29 Industrials ................................................. 16.85 Technology ................................................15.91 Total 100.01%


Ve

Dreyfus Small Cap Stock Index Investment Option



Stable Value/Money Market Bonds Asset Allocation


GlobalSpecialty

Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatitlity.



_Strategy



Investment Advisor: Dreyfus Corporation Portfolio Manager: Thomas Durante

The investment seeks to match the performance of the S&P SmallCap 600® Index. To pursue its goal, the fund generally is fully invested in a representative sample of stocks included in the S&P SmallCap 600® Index and in futures whose performance is tied to the index. The adviser expects to invest in approximately 500 or more of the stocks in the index. However, at times, it may be fully invested in all the stocks that comprise the index. Under these circumstances, the fund maintains approximately the same weighting for each stock as the index does. The fund is non-diversified.

Large

Mid

Small

Value Blend Growth

VRU Code: 465

Morningstar Category Small Blend


As of 9/30/2016



Piedmont Natural Gas Co Inc ......................0.76 Take-Two Interactive Software Inc .............. 0.60 PDC Energy Inc ...........................................0.55 Donnelley Rr & Son .................................... 0.50 Medidata Solutions Inc ............................... 0.48 B&G Foods Inc ............................................0.48 Blackbaud Inc ............................................. 0.46 The Chemours Co ....................................... 0.44 ALLETE Inc ................................................. 0.44 Avista Corp ..................................................0.43 Total 5.14% Diversification % Assets

Basic Materials ............................................8.04 Consumer Cyclical .................................... 13.91 Financial Services ..................................... 16.00 Real Estate .................................................. 7.03 Consumer Defensive ................................... 2.92 Healthcare ................................................. 10.56 Utilities ........................................................3.32 Communication Services ............................ 1.26 Energy .........................................................2.75 Industrials ................................................. 17.52 Technology ................................................16.69 Total 100.00%


Ve

General Account Investment Option

Processing and publication dates vary by fund company resulting in potential variations in “as of” dates. Information contained herein is subject to change at any time, and may vary based on underlying fund and/or share class considerations (if applicable). Certain sections, if shown, may not add up to 100% due to rounding. Retirement programs invest in mutual funds through custodial accounts. © 2016 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. RS-37176-00. © 2016 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. © 2016 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives.




GlobalSpecialty

Hartford Life Insurance Company (also referred to as “Hartford”) offers competitive credited rates on current contributions, as well as on contributions made in prior years. The General Account is not a mutual fund. It is an investment choice available through a group variable contract. The General Account investment choice is part of Hartford’s general account that includes other company assets. General Account rates are guaranteed by the claims-paying ability of Hartford Life Insurance Company. Hartford credits interest on contributions made to the General Account at a rate declared for the calendar quarter in which they are received. Hartford guarantees the declared interest rate applicable to any quarter to the end of the year in which the rate was applied. Hartford may change the declared interest rate applicable to contributions made for any subsequent quarter at its discretion. For each subsequent calendar year, Hartford Life Insurance Company will credit assets in the General Account at a rate guaranteed for the entire calendar year (the “Guaranteed Interest Rate”). The Guaranteed Interest Rate for a calendar year will be determined at the end of the preceding calendar year and will never be less than the minimum interest rate specified in the contract. Hartford may, from time to time, credit interest rates in excess of the Guaranteed Interest Rate. Contract guarantees, including any credited rate of interest or annuity payout rates, are backed by the claims-paying ability of the issuing company, Hartford Life Insurance Company.

VRU Code: 024

The objective of this investment option is to maintain a competitive fixed interest rate and a minimum guaranteed rate of return. The general account of Hartford Life Insurance Company is guaranteed by the Hartford’s claims paying ability. Hartford’s General Account is primarily invested in investment grade fixed income securities. Contract values held in the General Account will be accounted for on a non-unitized basis. If the Plan offers a money market fund or other competing fund, direct transfers between competing funds are not permitted and amounts transferred to a non-competing fund must remain in the non-competing fund for at least three months.


Ve

Goldman Sachs Small Cap Value Investment Option





GlobalSpecialty

The Small Cap Value Fund invests primarily in small-capitalization U.S. equity investments and is subject to market risk so that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular industry sectors and/or general economic conditions. Stocks of smaller companies are often more volatile and less liquid and present greater risks than stocks of larger companies. At times, the Fund may be unable to sell certain of its portfolio securities without a substantial drop in price, if at all. The Fund may invest in foreign securities, which may be more volatile and less liquid than investment in U.S. securities and will be subject to the risks of currency fluctuations and sudden economic or political developments. At times, the Fund may be unable to sell certain of its portfolio securities without a substantial drop in price, if at all. The Fund may invest in fixed income securities. Investments in fixed income securities are subject to the risks associated with debt securities including credit and interest rate risk.



_Strategy



Investment Advisor: Goldman Sachs Asset Management LP


The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at time of purchase) ("net assets") in a diversified portfolio of equity investments in small-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 2000® Value Index at the time of investment. Although it will invest primarily in publicly traded U.S. securities, including real estate investment trusts, it may also invest in foreign securities.

Large

Mid

Small

Value Blend Growth

VRU Code: 288

Morningstar Category Small Blend


As of 9/30/2016



Webster Financial Corp ............................... 1.14 Pebblebrook Hotel Trust ..............................1.14 Spectrum Brands Holdings Inc ................... 1.05 Burlington Stores Inc ..................................1.02 Acadia Realty Trust ..................................... 0.97 CyrusOne Inc .............................................. 0.96 PrivateBancorp Inc ......................................0.96 Chesapeake Lodging Trust .......................... 0.95 Mentor Graphics Corp .................................0.94 PDC Energy Inc ...........................................0.93 Total 10.06% Diversification % Assets

Basic Materials ............................................6.71 Consumer Cyclical ...................................... 9.91 Financial Services ..................................... 26.11 Real Estate ................................................ 13.39 Consumer Defensive ................................... 4.53 Healthcare ................................................... 4.03 Utilities ........................................................6.41 Communication Services ............................ 0.00 Energy .........................................................5.36 Industrials ................................................. 14.10 Technology ..................................................9.45 Total 100.00%


Ve

Invesco Small Cap Growth Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Invesco Advisers, Inc. Portfolio Manager: Juan Hartsfield

Juliet Ellis

The investment seeks long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of small-capitalization issuers. It invests primarily in equity securities. The principal type of equity security in which the fund invests is common stock. The fund's manager considers an issuer to be a small-capitalization issuer if it has a market capitalization, at the time of purchase, no larger than the largest capitalized issuer included in the Russell 2000® Index.

Large

Mid

Small

Value Blend Growth

VRU Code: 271

Morningstar Category Small Growth


As of 9/30/2016



Acuity Brands Inc ........................................1.69 CoStar Group Inc ........................................ 1.51 SBA Communications Corp .........................1.48 Monolithic Power Systems Inc ................... 1.31 Vail Resorts Inc ...........................................1.25 Lancaster Colony Corp ................................1.22 Synnex Corp ............................................... 1.21 CalAtlantic Group Inc .................................. 1.19 Patterson-UTI Energy Inc ............................1.17 The Ultimate Software Group Inc ................1.14 Total 13.17% Diversification % Assets



Ve

JPMorgan SmartRetirement 2020 Investment Option

Processing and publication dates vary by fund company resulting in potential variations in “as of” dates. Information contained herein is subject to change at any time, and may vary based on underlying fund and/or share class considerations (if applicable). Certain sections, if shown, may not add up to 100% due to rounding. Retirement programs invest in mutual funds through custodial accounts. Morningstar Category: identifies funds based on investment styles as measured by their underlying portfolio holdings/statistics over 3 years. Investment options can move into other categories, or Morningstar may change their classification methodology. RS-37176-00. © 2016 Morningstar, Inc. 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. © 2016 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives.




GlobalSpecialty

The target date aligns with the year closest to the expected retirement date. Performance of target date funds depends on the performance of the underlying mutual funds and is not guaranteed at any time, including the target date. These funds may be subject to the volatility of global financial markets (domestic and international) and additional risks associated with investing in high yield, small cap and foreign securities. The principal value of target date funds isn't guaranteed even at the target date. A target date fund distributes contributions around a broad spectrum of stocks, bonds and cash. These allocations are rebalanced over time so the asset mix gets more conservative as the target date approaches.



_Strategy



Investment Advisor: J.P. Morgan Investment Management Inc

Portfolio Manager: Anne Lester Patrik Jakobson

The investment seeks high total return with a shift to current income and some capital appreciation over time as the fund approaches and passes the target retirement date. The fund is a "fund of funds" that invests in other J.P. Morgan Funds (underlying funds), and is generally intended for investors expecting to retire around the year 2020 (target retirement date). It is designed to provide exposure to a variety of asset classes through investments in underlying funds, and over time the fund's asset allocation strategy will change.

VRU Code: 921

Morningstar Category Target-Date 2020

As of 9/30/2016



JPMorgan Core Bond R6 .......................... 23.23 JPMorgan Disciplined Equity R6 .................9.19 JPMorgan High Yield R6 .............................6.19 JPMorgan Corporate Bond R6 ....................5.96 JPMorgan Core Plus Bond R6 .................... 4.81 JPMorgan International Equity R6 .............. 4.54 JPMorgan International Opps R6 ................4.36 JPMorgan Growth Advantage R6 ................4.27 JPMorgan Intrepid International R6 ............4.25 JPMorgan Intrepid America R6 ...................4.21 Total 71.01% Diversification % Assets

Basic Materials ............................................4.49 Consumer Cyclical .................................... 13.06 Financial Services ..................................... 16.18 Real Estate .................................................. 9.28 Consumer Defensive ................................... 8.24 Healthcare ................................................. 11.27 Utilities ........................................................2.65 Communication Services ............................ 3.05 Energy .........................................................5.82 Industrials ................................................... 9.50 Technology ................................................16.45 Total 99.99%


Ve






GlobalSpecialty




_Strategy






VRU Code: 923


As of 9/30/2016



JPMorgan Disciplined Equity R6 ...............12.15 JPMorgan Core Bond R6 .......................... 11.35 JPMorgan High Yield R6 .............................6.45 JPMorgan International Opps R6 ................6.19 JPMorgan International Equity R6 .............. 6.01 JPMorgan Growth Advantage R6 ................5.94 JPMorgan Value Advantage Instl ................ 5.90 JPMorgan Intrepid International R6 ............5.85 JPMorgan Intrepid America R6 ...................5.76 JPMorgan US Equity R6 ............................. 5.44 Total 71.04% Diversification % Assets



Ve






GlobalSpecialty




_Strategy






VRU Code: 925


As of 9/30/2016



JPMorgan Disciplined Equity R6 ...............13.61 JPMorgan International Opps R6 ................7.27 JPMorgan Growth Advantage R6 ................7.24 JPMorgan International Equity R6 .............. 7.17 JPMorgan Intrepid International R6 ............7.02 JPMorgan Intrepid America R6 ...................6.98 JPMorgan Value Advantage Instl ................ 6.95 JPMorgan US Equity R6 ............................. 6.69 JPMorgan High Yield R6 .............................5.93 JPMorgan Realty Income R6 ...................... 5.22 Total 74.08% Diversification % Assets



Ve






GlobalSpecialty




_Strategy






VRU Code: 927


As of 9/30/2016



JPMorgan Disciplined Equity R6 ...............13.90 JPMorgan International Equity R6 .............. 7.24 JPMorgan International Opps R6 ................7.14 JPMorgan Growth Advantage R6 ................7.13 JPMorgan Intrepid International R6 ............7.11 JPMorgan Value Advantage Instl ................ 7.03 JPMorgan Intrepid America R6 ...................7.01 JPMorgan US Equity R6 ............................. 6.75 JPMorgan High Yield R6 .............................5.88 JPMorgan Realty Income R6 ...................... 5.21 Total 74.40% Diversification % Assets



Ve

JPMorgan SmartRetirement Income Investment Option





GlobalSpecialty




_Strategy





The investment seeks current income and some capital appreciation. The fund is a "fund of funds" that invests in other J.P. Morgan Funds (underlying funds), and is generally intended for investors who are retired or about to retire soon. It is designed to provide exposure to a variety of asset classes through investments in underlying funds, with an emphasis on fixed income funds over equity funds and other funds.

VRU Code: 928

Morningstar Category Target-Date Retirement

As of 9/30/2016


Stock .........................................................23.56 Foreign Stock ............................................12.48 Bond ......................................................... 43.15 Foreign Bond ...............................................7.91 Preferred ..................................................... 0.07 Convertible ..................................................0.07 Cash ..........................................................12.32 Other ........................................................... 0.43 Total 99.99% Largest Holdings % Assets

JPMorgan Core Bond R6 .......................... 21.95 JPMorgan Disciplined Equity R6 .................9.88 JPMorgan High Yield R6 .............................7.62 JPMorgan Corporate Bond R6 ....................5.98 JPMorgan Inflation Managed Bond R6 ....... 5.04 JPMorgan Core Plus Bond R6 .................... 4.01 JPMorgan Emerging Markets Debt R6 ....... 3.36 JPMorgan International Equity R6 .............. 3.16 JPMorgan International Opps R6 ................3.05 JPMorgan Intrepid International R6 ............2.96 Total 67.01% Diversification % Assets



Ve

JPMorgan U.S. Equity Investment Option





GlobalSpecialty



_Strategy




Portfolio Manager: Thomas Luddy Susan Bao

The investment seeks to provide high total return from a portfolio of selected equity securities. Under normal circumstances, the fund invests at least 80% of its assets in equity securities of U.S. companies. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its strategy, the fund primarily invests in common stocks of large- and medium-capitalization U.S. companies but it may also invest up to 20% of its assets in common stocks of foreign companies, including depositary receipts.

Large

Mid

Small

Value Blend Growth

VRU Code: 929



As of 9/30/2016



Microsoft Corp ............................................3.14 Apple Inc .....................................................2.49 UnitedHealth Group Inc ...............................2.44 Broadcom Ltd ............................................. 2.17 Amazon.com Inc ......................................... 2.13 Alphabet Inc A .............................................2.13 Alphabet Inc C .............................................2.12 Pfizer Inc .....................................................2.04 General Electric Co ......................................2.01 Wells Fargo & Co ........................................ 2.00 Total 22.67% Diversification % Assets



Ve

MFS International Value Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Massachusetts Financial Services Co

The investment seeks capital appreciation. The fund normally invests its assets primarily in foreign equity securities, including emerging market equity securities. Equity securities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. The advisor focuses on investing the fund's assets in the stocks of companies it believes are undervalued compared to their intrinsic value (value companies).

VRU Code: 404

Morningstar Category Foreign Large Blend

As of 9/30/2016


Stock .........................................................10.12 Foreign Stock ............................................87.63 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................2.23 Other ........................................................... 0.02 Total 100.00% Largest Holdings % Assets

Nestle SA .................................................... 4.41 Danone SA .................................................. 3.62 Reckitt Benckiser Group PLC ......................3.23 Brambles Ltd ...............................................2.83 NVIDIA Corp ............................................... 2.55 Henkel AG & Co KGaA Pfd Shs - Non-voting 2.53 Compass Group PLC ...................................2.51 KDDI Corp ...................................................2.34 Fairfax Financial Holdings Ltd ..................... 2.19 Kao Corp ..................................................... 2.13 Total 28.34% Diversification % Assets

Japan ........................................................ 22.40 United Kingdom ........................................ 15.34 Germany ................................................... 12.25 Switzerland ............................................... 11.85 United States .............................................10.12 France ......................................................... 9.09 Australia ......................................................3.35 Netherlands .................................................2.98 Canada ........................................................ 2.19 Taiwan .........................................................2.11 Total 91.68%


Ve

MFS Research International Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Massachusetts Financial Services Co

Portfolio Manager: Thomas Melendez Jose Luiz Garcia

The investment seeks capital appreciation. The fund normally invests its assets primarily in foreign equity securities, including emerging market equity securities. Equity securities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. It may invest a large percentage of the fund's assets in issuers in a single country, a small number of countries, or a particular geographic region.

VRU Code: 308

Morningstar Category Foreign Large Blend

As of 9/30/2016



Nestle SA .................................................... 3.69 Novartis AG .................................................3.32 Roche Holding AG Dividend Right Cert. ......3.28 Schneider Electric SE ..................................2.01 AIA Group Ltd ............................................. 2.00 KDDI Corp ...................................................1.92 Bayer AG ..................................................... 1.91 Danone SA .................................................. 1.84 BP PLC ........................................................1.76 Reckitt Benckiser Group PLC ......................1.70 Total 23.43% Diversification % Assets

Japan ........................................................ 19.90 Switzerland ............................................... 15.42 United Kingdom ........................................ 15.20 France ......................................................... 9.45 Germany ..................................................... 6.57 United States ...............................................5.33 Netherlands .................................................4.09 Australia ......................................................3.77 Italy ............................................................. 3.13 Hong Kong ..................................................2.96 Total 85.82%


Ve

Oppenheimer International Diversified Investment Option





GlobalSpecialty

Investing in foreign securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war, or expropriation. International investments involve special risks, including currency fluctuation, lower liquidity, different accounting methods and economic and political systems, and higher transaction costs. These risks typically are greater in emerging markets. For purposes of determining the fund's holdings, securities of the same issuer are aggregated to determine the weight in the fund.



_Strategy



Investment Advisor: OFI Global Asset Management, Inc.

Investment Sub Advisor: OppenheimerFunds Inc Portfolio Manager: George Evans

The investment seeks capital appreciation. The fund is a special type of mutual fund known as a "fund of funds" because it primarily invests in other mutual funds. It will typically invest in a minimum of three of the underlying funds and will not invest more than 50% of its net assets in any single underlying fund. Certain underlying funds may invest 100% of their assets in securities of foreign companies. Some underlying funds may invest in emerging or developing markets as well as in developed markets throughout the world.

VRU Code: 1140

Morningstar Category Foreign Large Growth

As of 9/30/2016



SAP SE ........................................................1.37 Alibaba Group Holding Ltd ADR ................. 1.23 Baidu Inc ADR .............................................1.14 Danone SA .................................................. 1.04 Nestle SA .................................................... 0.99 Tencent Holdings Ltd .................................. 0.97 Sony Corp ................................................... 0.97 Nippon Telegraph & Telephone Corp ...........0.94 Infineon Technologies AG ........................... 0.89 Housing Development Finance Corp Ltd .....0.89 Total 10.43% Diversification % Assets

United Kingdom ........................................ 12.37 Japan ........................................................ 11.78 France ....................................................... 10.52 Germany ..................................................... 7.57 China ...........................................................6.95 Switzerland ................................................. 6.16 India ............................................................5.00 Netherlands .................................................4.59 United States ...............................................4.08 Canada ........................................................ 3.10 Total 72.12%


Ve

Perkins Mid Cap Value Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Janus Capital Management LLC

Investment Sub Advisor: Perkins Investment Management LLC

The investment seeks capital appreciation. The fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. It invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap® Value Index. The fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges.

Large

Mid

Small

Value Blend Growth

VRU Code: 401

Morningstar Category Mid-Cap Value


As of 9/30/2016



ConAgra Foods Inc ..................................... 3.19 Synopsys Inc .............................................. 2.64 Crown Holdings Inc .................................... 2.55 Check Point Software Technologies Ltd ......2.54 Invesco Ltd ................................................. 2.52 Torchmark Corp .......................................... 2.44 Compass Minerals International Inc ........... 2.39 XL Group Ltd .............................................. 2.23 AmerisourceBergen Corp ............................ 2.18 Simpson Manufacturing Co Inc .................. 2.13 Total 24.81% Diversification % Assets

Basic Materials ............................................5.89 Consumer Cyclical ...................................... 8.10 Financial Services ..................................... 20.87 Real Estate ................................................ 10.51 Consumer Defensive ................................... 8.05 Healthcare ................................................... 9.18 Utilities ........................................................4.74 Communication Services ............................ 0.00 Energy .........................................................8.09 Industrials ................................................. 16.59 Technology ..................................................7.97 Total 99.99%


Ve

PIMCO Real Return Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Pacific Investment Management Co LLC

Portfolio Manager: Mihir Worah

The investment seeks maximum real return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 80% of its net assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements.

VRU Code: 541

Morningstar Category Inflation-Protected Bond

As of 6/30/2016


Stock ...........................................................0.00 Foreign Stock ..............................................0.00 Bond ......................................................... 98.26 Foreign Bond ...............................................3.04 Preferred ..................................................... 0.10 Convertible ..................................................0.03 Cash ...........................................................-3.24 Other ........................................................... 1.82 Total 100.01% Largest Holdings % Assets

US Treasury Note ......................................12.66 US Treasury Bond ..................................... 11.56 US Treasury Note ......................................10.48 US Treasury Bond ..................................... 10.02 Irs Usd 2.80000 10/28/20-5y Cme ............. 8.65 Fin Fut Us 10yr Cbt 09/21/16 ......................7.72 Irs Usd 2.50000 02/22/21-5y Cme ............. 6.78 US Treasury Bond ....................................... 6.13 US Treasury Note ........................................5.06 Irs Usd 1.75000 12/21/16-10y Lch .............5.00 Total 84.06%


Ve

Premier Barings High Yield Investment Option





GlobalSpecialty




_Strategy


Inception Date: 11/1/2004 Net Assets ($ in millions): $396.45 Number of Bond Holdings: 188

Investment Advisor: MML Investment Advisers, LLC

Investment Sub Advisor: Barings LLC Portfolio Manager: Jill Fields

The investment seeks to achieve a high level of total return, with an emphasis on current income, by investing primarily in high yield debt and related securities. The fund invests primarily in lower rated U.S. debt securities, including securities in default. It invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in lower rated fixed income securities (rated below Baa3 by Moody's, below BBB- by Standard & Poor's or the equivalent by any NRSRO (using the lower rating) or, if unrated, determined to be of below investment grade quality by the fund's subadviser.

VRU Code: 1178

Morningstar Category High Yield Bond

As of 9/30/2016


Stock ...........................................................0.00 Foreign Stock ..............................................0.00 Bond ......................................................... 76.53 Foreign Bond .............................................19.10 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................4.36 Other ........................................................... 0.00 Total 99.99% Largest Holdings % Assets

Mustang Merger 144A 8.5% .......................1.88 Sprint 7.875% .............................................1.64 Ope Kag Fin Sub 144A 7.875% .................. 1.54 Vrx Escrow 144A 6.125% ...........................1.46 Brunswick 7.125% ......................................1.32 Coveris Hldgs S A 144A 7.875% ................ 1.28 Jupiter Resources 144A 8.5% .................... 1.27 Cpi Intl 8% ..................................................1.25 Dollar Tree 5.75% ....................................... 1.21 Consolid Engy Fin S A 144A 6.75% ............1.20 Total 14.05%


Ve

Prudential Jennison Mid Cap Growth Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Prudential Investments LLC Investment Sub Advisor: Jennison Associates LLC Portfolio Manager: John Mullman

The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its investable assets in equity and equity-related securities of medium-sized companies with the potential for above-average growth. The fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions.

Large

Mid

Small

Value Blend Growth

VRU Code: 943



As of 9/30/2016



SBA Communications Corp .........................2.79 Dollar Tree Inc .............................................2.61 Electronic Arts Inc .......................................2.45 Amphenol Corp Class A .............................. 2.18 Red Hat Inc ................................................. 2.16 Henry Schein Inc .........................................2.06 Vantiv Inc .................................................... 2.04 Centene Corp .............................................. 2.00 Roper Technologies Inc .............................. 1.94 NXP Semiconductors NV ............................ 1.88 Total 22.11% Diversification % Assets

Basic Materials ............................................3.73 Consumer Cyclical .................................... 18.31 Financial Services ....................................... 6.43 Real Estate .................................................. 5.00 Consumer Defensive ................................. 11.69 Healthcare ................................................. 15.44 Utilities ........................................................0.63 Communication Services ............................ 3.89 Energy .........................................................1.64 Industrials ................................................. 15.92 Technology ................................................17.32 Total 100.00%


Ve

Putnam Equity Income Investment Option





GlobalSpecialty

The fund may invests a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Value investing seeks underpriced stocks, but there is no guarantee that a stock's price will rise.



_Strategy



Investment Advisor: Putnam Investment Management, LLC

Portfolio Manager: Bartlett R. Geer Kevin Cronin

The investment seeks capital growth and current income. The fund invests mainly in common stocks of midsize and large U.S. companies, with a focus on value stocks that offer the potential for capital growth, current income, or both. Value stocks are issued by companies that the adviser believes are currently undervalued by the market. The adviser may consider, among other factors, a company's valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments.

Large

Mid

Small

Value Blend Growth

VRU Code: 302

Morningstar Category Large Value


As of 9/30/2016



Microsoft Corp ............................................2.76 Northrop Grumman Corp ............................2.75 Eli Lilly and Co ............................................ 2.57 Johnson & Johnson ....................................2.26 JPMorgan Chase & Co ................................2.24 Exxon Mobil Corp ....................................... 2.24 AT&T Inc ..................................................... 2.16 Citigroup Inc ............................................... 2.12 Comcast Corp Class A ................................ 2.03 Wells Fargo & Co ........................................ 1.77 Total 22.90% Diversification % Assets

Basic Materials ............................................2.61 Consumer Cyclical ...................................... 6.82 Financial Services ..................................... 19.94 Real Estate .................................................. 3.55 Consumer Defensive ................................... 7.79 Healthcare ................................................. 13.80 Utilities ........................................................5.18 Communication Services ............................ 8.36 Energy .........................................................8.78 Industrials ................................................. 10.84 Technology ................................................12.33 Total 100.00%


Ve

T. Rowe Price Growth Stock Investment Option





GlobalSpecialty

As with all equity funds, the funds' share price can fall because of weakness in the broad market, a particular industry, or specific holdings.



_Strategy



Investment Advisor: T. Rowe Price Associates, Inc. Portfolio Manager: P. Robert Bartolo

The investment seeks long-term capital growth through investments in stocks. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in the common stocks of a diversified group of growth companies. While most assets will typically be invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with the fund's objectives.

Large

Mid

Small

Value Blend Growth

VRU Code: 824

Morningstar Category Large Growth


As of 9/30/2016



Amazon.com Inc ......................................... 9.18 Facebook Inc A ........................................... 4.67 The Priceline Group Inc .............................. 4.48 Alphabet Inc A .............................................3.60 Microsoft Corp ............................................3.32 Apple Inc .....................................................3.32 Alphabet Inc C .............................................3.11 Visa Inc Class A .......................................... 2.82 Mastercard Inc A .........................................2.60 PayPal Holdings Inc ....................................2.04 Total 39.14% Diversification % Assets



Ve

TIAA-CREF Equity Index Investment Option





GlobalSpecialty



_Strategy



Investment Advisor: Teachers Advisors LLC Portfolio Manager: Anne Sapp

Philip Campagna

The investment seeks a favorable long-term total return, mainly through capital appreciation, by investing primarily in a portfolio of equity securities selected to track the overall U.S. equity markets based on a market index. Under normal circumstances, the fund invests at least 80% of its assets in equity securities of its benchmark index. It buys most, but not necessarily all, of the stocks in its benchmark index, and the advisor will attempt to closely match the overall investment characteristics of its benchmark index.

Large

Mid

Small

Value Blend Growth

VRU Code: 1143



As of 8/31/2016



Apple Inc .....................................................2.55 Microsoft Corp ............................................1.91 Exxon Mobil Corp ....................................... 1.58 Johnson & Johnson ....................................1.44 Amazon.com Inc ......................................... 1.31 General Electric Co ......................................1.26 Facebook Inc A ........................................... 1.24 Berkshire Hathaway Inc B ........................... 1.23 AT&T Inc ..................................................... 1.11 JPMorgan Chase & Co ................................1.08 Total 14.71% Diversification % Assets



Ve

TIAA-CREF Large-Cap Growth Index Investment Option





GlobalSpecialty



_Strategy




Philip Campagna

The investment seeks a favorable long-term total return, mainly through capital appreciation, by investing primarily in a portfolio of equity securities of large domestic growth companies based on a market index. Under normal circumstances, the fund invests at least 80% of its assets in securities of its benchmark index (the Russell 1000® Growth Index). It buys most, but not necessarily all, of the stocks in its benchmark index, and the advisor will attempt to closely match the overall investment characteristics of the fund's benchmark index.

Large

Mid

Small

Value Blend Growth

VRU Code: 1144

Morningstar Category Large Growth


As of 8/31/2016



Apple Inc .....................................................5.02 Microsoft Corp ............................................4.10 Amazon.com Inc ......................................... 2.82 Facebook Inc A ........................................... 2.66 Alphabet Inc A .............................................2.19 Alphabet Inc C .............................................2.15 The Home Depot Inc ................................... 1.57 Visa Inc Class A .......................................... 1.46 Walt Disney Co ............................................1.45 Comcast Corp Class A ................................ 1.36 Total 24.78% Diversification % Assets



Ve

TIAA-CREF Large-Cap Value Index Investment Option





GlobalSpecialty



_Strategy




Philip Campagna

The investment seeks a favorable long-term total return, mainly through capital appreciation, by investing primarily in a portfolio of equity securities of large domestic value companies based on a market index. Under normal circumstances, the fund invests at least 80% of its assets in securities of its benchmark index (the Russell 1000® Value Index). The Russell 1000® Value Index is a subset of the Russell 1000® Index, which represents the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected growth values.

Large

Mid

Small

Value Blend Growth

VRU Code: 1145

Morningstar Category Large Value


As of 8/31/2016



Exxon Mobil Corp ....................................... 3.39 Berkshire Hathaway Inc B ........................... 2.67 Johnson & Johnson ....................................2.55 AT&T Inc ..................................................... 2.36 JPMorgan Chase & Co ................................2.31 Procter & Gamble Co ..................................2.18 Wells Fargo & Co ........................................ 2.18 General Electric Co ......................................2.18 Pfizer Inc .....................................................1.83 Chevron Corp ..............................................1.78 Total 23.43% Diversification % Assets

Basic Materials ............................................2.85 Consumer Cyclical ...................................... 4.61 Financial Services ..................................... 23.40 Real Estate .................................................. 5.19 Consumer Defensive ................................... 9.20 Healthcare ................................................. 11.17 Utilities ........................................................6.38 Communication Services ............................ 4.17 Energy .......................................................13.01 Industrials ................................................... 9.87 Technology ................................................10.15 Total 100.00%


Ve

Victory Sycamore Established Value Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Victory Capital Management Inc.

Portfolio Manager: Gary H. Miller Gregory Conners

The investment seeks long-term capital growth by investing primarily in common stocks. The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of companies with market capitalizations, at the time of purchase, within the range of companies comprising the Russell MidCap® Value Index. The fund may invest a portion of its assets in equity securities of foreign companies traded on U.S. exchanges, including American and Global Depositary Receipts (ADRs and GDRs).

Large

Mid

Small

Value Blend Growth

VRU Code: 445

Morningstar Category Mid-Cap Value


As of 9/30/2016



Quest Diagnostics Inc ................................. 2.27 Archer-Daniels Midland Co ......................... 2.21 Crown Holdings Inc .................................... 2.11 Parker Hannifin Corp ...................................2.07 Cardinal Health Inc ......................................2.01 SunTrust Banks Inc .....................................2.00 Ingersoll-Rand PLC .....................................1.89 Aflac Inc ......................................................1.79 Superior Energy Services Inc ......................1.78 Old Dominion Freight Lines Inc .................. 1.75 Total 19.88% Diversification % Assets



Ve

Victory Sycamore Small Company Opportunity Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Victory Capital Management Inc.

Portfolio Manager: Gary H. Miller Gregory Conners

The investment seeks capital appreciation. The fund invests primarily in the equity securities of smaller companies that the Adviser believes to be undervalued relative to the underlying earnings potential of the company. Under normal circumstances, the fund will invest at least 80% of its net assets in equity securities of small companies. "Small companies" are companies that at the time of purchase have market capitalizations within the range of companies comprising the Russell 2000® Value Index.

Large

Mid

Small

Value Blend Growth

VRU Code: 878

Morningstar Category Small Value


As of 9/30/2016



EMCOR Group Inc .......................................1.86 Anixter International Inc ..............................1.78 UniFirst Corp ...............................................1.69 Sterling Bancorp ......................................... 1.63 Applied Industrial Technologies Inc ............ 1.57 Barnes Group Inc ........................................1.56 Wolverine World Wide Inc .......................... 1.48 Andersons Inc .............................................1.47 Columbia Banking System Inc .................... 1.47 H.B. Fuller Co ..............................................1.44 Total 15.95% Diversification % Assets

Basic Materials ............................................7.35 Consumer Cyclical ...................................... 9.76 Financial Services ..................................... 23.11 Real Estate .................................................. 3.82 Consumer Defensive ................................... 3.64 Healthcare ................................................... 7.23 Utilities ........................................................3.27 Communication Services ............................ 0.00 Energy .........................................................4.39 Industrials ................................................. 22.71 Technology ................................................14.72 Total 100.00%


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