enrollment kit - 2012...minimum loan amount: $1,000 maximum loan amount: 50% of your vested account...

PE61743 00001PT-3447 (03/15) 1

Welcome to the TheWise Choice For PublicEmployees!The Illinois Public Pension Fund Association (IPPFA) created the THE WISE CHOICE FOR PUBLIC EMPLOYEES -a 457(b) Deferred Compensation Plan, to make sure that the public sector employee had access to asupplemental savings plan that was created in their best interests, not the interests of the sales person,broker or insurance company. The Illinois Public Pension Fund Association believes that no employeeshould have to pay higher fees or receive less service because they work for a small or medium size publicemployer. Our plan offers the same pricing and plan design to all public employees, regardless of size.

From the day you're hired the THE WISE CHOICE FOR PUBLIC EMPLOYEES will support you through eachstage of the retirement planning process. Whether you're starting to save for the first time or alreadyparticipating in the plan THE WISE CHOICE FOR PUBLIC EMPLOYEES will be with you every step of the way.We encourage you to invest in yourself and your future by participating in the THE WISE CHOICE FORPUBLIC EMPLOYEES through Transamerica Retirement Solutions.

Please read through this booklet so you can better understandthis valuable program. Be sure to enroll as soon as possibleso you can begin maximizing this valuable benefit.

Sincerely,

James M. McNamee, PresidentIllinois Public Pension Fund Association

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Questions? Visit my.trsretire.com

Maximize your IPPFADeferred CompensationPlan

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q Enroll today — Complete the enrollment form provided.

q Catch up on your contributions (must be age 50 or older or 3 years prior to normal retirementage).

q Designate your beneficiary. Complete the Beneficiary Designation form, and follow theinstructions on the form for mailing.

q Reduce your clutter. Sign up for e-documents today.

q Rebalance your account automatically by using Auto-Rebalance.

q For retirement counseling, just call 800-755-5801 or visit us online.

As an active participant, you can access your retirement account 24/7 by signing in to my.trsretire.com or calling us toll-free at 800-755-5801.

You may also speak with a customer service representative for enrollment assistance, investmentguidance, and retirement planning support.

First-time online usersmy.trsretire.com

First-time callers888-676-5512

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Visit my.trsretire.com

Plan Highlights

Illinois Public Pension Fund Association Retirement Plan is a valuable employee benefit—and one of the most powerful ways to build your retirement savings.

Take a few minutes now to read through the plan highlights and learn more about all the features and benefits your plan includes. You’ll find more about when you can join, how much you can contribute, when you can make changes, and how you can access your savings.

Just keep in mind this is a quick overview of your benefits. For complete details or plan updates, please refer to your Summary Plan Description (SPD).

What is a 457(b) Plan?

A 457(b) plan is a supplemental savings program that allows you to defer current compensation until after severance of employment or until retirement. It also known as “Deferred Compensation.” The primary use of a 457(b) deferred compensation plan is for public sector employees to supplement their pensions and to improve their retirement lifestyle. Contributions are payroll deducted prior to the calculation of withholding taxes and are not part of your W-2 taxable income. These funds grow tax deferred. Taxation of Distributions at separation of service All funds withdrawn are taxed upon withdrawal as ordinary income. There is no 10% excise tax on distributions made after separation of service from 457(b) plans, regardless of age. On-Demand Representatives IPPFA Benefits is the exclusive marketer of the “The Wise Choice for Public Employees.” We have dedicated representatives who are available to meet with you on a one to one basis. To schedule an appointment or to just talk to us at any time, please call: IPPFA Benefits- 866-994-6312 Joel Babbitt 773-617-9690 (cell) Kevin O’Brien 312-340-9778 (cell) Brandon Blough 217-306-2041 (cell)

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Anthony Longo 312-218-4445 (cell) Clete Rettenmeier 630-212-6812 (cell) Brandon Erbe 815-262-1516 (cell) Toby Gill 815-666-0041 (cell) Debby Karton 847-922-1191 (cell) 457(b) Eligibility You are immediately eligible to participate in the plan. How Much Can I Contribute? You may choose to make contributions up to the maximum allowed by law. The annual IRS dollar limit of $18,000 applies for 2015. This limit is indexed annually by the IRS. If you are age 50 or older (or you reach age 50 during the current calendar year), you can make additional catch-up contributions up to $6,000 in 2015. In the three calendar years prior to the year of retirement with a pension that is not actuarially reduced, you may be eligible to use the “Alternative catch up rule.” This may allow you to double your maximum contributions by using prior unused contribution limits. Police and Fire may be able to access this provision as early as 47; IMRF participants at age 52 under certain circumstances but normally at 57. This provision may not be used concurrently with the age 50 catch up. What Do I Do With Money in another 457(b) Plan If you have an existing retirement plan account with a prior employer, you may roll over that account into this plan at any time. Consolidating your retirement accounts makes it easier for you to make sure your investment strategy is on track for meeting your retirement goals. Please see “Consolidating your retirement and supplemental savings asset” section at the end of this section (yellow). Vesting Vesting refers to your "ownership" of your account. You are always 100% vested in your contributions to this plan. Access to Funds while employed There are two ways to access your funds while you are employed (in-service access): loans or hardships Loans You may borrow from the plan, using your account as security (conditions and restrictions may apply). All loans with same employer plan are aggregated for these limits. You must count both your “The Wise Choice for Public Employees” and another other 457(b) thru your current employer together for his purpose. Minimum loan amount: $1,000 Maximum loan amount: 50% of your vested account balance, up to $50,000 General loan interest rate: Prime Maximum general loan term: 5 years.

• If for primary residence, then the loan may be amortized over 15 years.

Loan Origination fee: A one-time set-up fee of $75 per loan that is deducted from the loan distribution.

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Maximum number of outstanding loans: 3

Withdrawals Vested funds may be withdrawn from your plan account in these events:

• Termination of employment or retirement (any age*)• Unforeseeable emergency – “Hardship” (as defined by IRS Regulations)• Disability• Death

Distributions must begin no later than the later of attainment of age 70½ or retirement. Please see your Plan Administrator for additional important information about your future distribution election.

*There is NO 10% excise tax on distributions made after separation of service from 457(b) plans, regardless ofage.

Roth 457 You may make all or a portion of your contribution as an after-tax Roth contribution. The funds will grow tax free. Distributions are received tax free as long as the funds were in the plan for five years and the withdrawal is taken after age 59 1/2.

Each employer must activate a payroll slot for this purpose. Check with your employer to see if Roth 457 is available in your jurisdiction.

Expenses The Wise Choice for Public Employees includes no annual account fee, no wrap fees and no contingent deferred sales charges. The participant will pay only the fee listed on the fund sheets. If the participant exercises Schwab Personal Choice Retirement Account® (PCRA), there is a $50 annual fee imposed by Charles Schwab.

Schwab Personal Choice Retirement Account® (PCRA) Schwab PCRA is a not a mutual fund but rather a participant self-directed brokerage account maintained at Charles Schwab & Co., Inc. Participants must individually apply for PCRA and are solely responsible for their fund selections made under the PCRA. Commissions and transaction fees may apply to fund trades placed outside of the Schwab Mutual Fund OneSource® program or trades on other investment vehicles available through Schwab. An annual fee of $50 will be applied by Diversified if you invest in the Schwab PCRA. Securities purchased through the PCRA are available through Charles Schwab & Co. Inc., (Member SIPC). Charles Schwab & Co., Inc. is not affiliated with Transamerica Retirement Solutions.

Investment Direction You decide how your account will be invested among the available investment options. You may change your investment allocation at any time. Transfers among investment options may be made at any time and may be subject to certain restrictions. The available investment options are presented as follows in groups to illustrate the applicable transfer restrictions.

Investment Group A: Stable Value Fund Investment Group B: Schwab PCRA Investment Group C: All other funds

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Monies in a Group A investment option cannot be transferred to a Group B investment option. Monies transferred from a Group A investment option to a Group C investment option must remain in this investment option for at least 90 days before they may be transferred to a Group B investment option or back to a Group A investment option.

Beneficiary Designation It is necessary that you designate a beneficiary so that your assets can be distributed according to your wishes upon your death. Otherwise funds will be distributed according to state statute.

What should I do with my “other” Retirement and Supplemental Savings plan assets? If you have a 457(b) with your current or prior employer, a 403(b) account with a prior employer, a 401(k) or Pension with a prior employer you may wish to investigate the possible advantages of consolidating your assets.

There is no tax penalty to consolidate your prior retirement and supplemental savings assets into The Wise Choice for Public Employees. There may be fees imposed by your current vendor. Please contact IPPFA Benefits at 1-866-994-6312 or your account representative for personalized assistance on determining if consolidation of your current plans is in your best interest.

Some vendors require their paperwork in addition or instead of ours. We will help you with other company’s paperwork.

Can I use these funds to buy “years” towards my pension? Yes, this is called a permissive service credit. You may use both 457(b) and 403(b) fund for this purpose. It is a direct transfer to your governmental pension. If you want to pursue this, contact IMRF or your Pension Board to obtain a service purchase quote. Then call IPPFA Benefits at 1-866-944-6312 to initiate the transfer of funds in the required amount.

The IPPFA Story The IPPFA (Illinois Public Pension Fund Association) was founded in 1985 as a not-for-profit umbrella organization representing police and fire defined benefit retirement funds in the State of Illinois.

The Illinois Public Pension Fund Association’s main function is the education and training of Police and Fire Pension Trustees as fiduciaries. In 1999, the Association surveyed the deferred compensation plans in the member jurisdictions and came to the conclusion that they generally:

• Were expensive• Were Annuities• Contained Contingent Deferred Sales Charges• Lacked adequate disclosure of fees (e.g. “wrap” and administrative fees)• Provided little field service to participants• Provided little fiduciary help to employers• Were a “hodgepodge” of retail investments• Did not offer an Open Architecture option

The Association’s response was to create a product which incorporated Best Practice plan design and pricing to help public sector employees, regardless of employer size, achieve greater retirement plan account balances. We achieved this by pooling the buying power of the IPPFA member communities with a single vendor under the watchful eye of an association of pension fiduciaries.

The IPPFA believes no employee should have less money at retirement due to the fact that they work for a small employer or because their employer has not performed due diligence in product selection.

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By pooling the buying power of the association’s membership, the IPPFA was able to negotiate a program that normally would require a single employer to have 50 million dollars in assets available to be deposited into the plan before the fee structure would be available. This, on average, has provided a fee saving nearly .80% annually when compared to the other individual annuity 457(b) plans employees are currently participating in.

After an exhaustive RFP process, IPPFA chose Transamerica Retirement Solutions as the Record keeper for the plan.

The IPPFA program has been designed at its basic structure with easy to understand materials. The IPPFA program has investment options for each type of investor. For those who want complete management, including asset allocation, the plan contains:

• The Asset Allocation Funds

• PortfolioXpress® (Target Maturity using the plan’s own options)

For those who want to do their own asset allocation with funds selected by the IPPFA, the plan has core Diversified funds. The core Diversified Funds are asset class specific with multiple sub-advisor managers.

For the investor who wants to “do it themselves” the plan has the Schwab PCRA account which provides the investor the opportunity to move a significant portion of their fund balance to the Schwab platform with the availability of over 4,800 funds (many no load).

THE WISE CHOICE FOR PUBLIC EMPLOYEES

• No Wrap Fees• No Annuity Charges of any type• No Contingent Deferred Sales Charges• State of the art internet access• The plan uses “pension style” investment funds, built around sound asset

allocation and modern portfolio theory, in the core product PortfolioXpress®and the Asset Allocation Portfolios.

• Complete access to the broad mutual fund market for the sophisticatedparticipant (Open Architecture with Schwab – access to over 2,400 no loadmutual funds)

• Full fee disclosure. Total fees are fully expressed in the investment ratio ofeach fund. Participants do not have to search for additional fees they pay

• The pricing runs up to 1.55% (annual asset charge on balance)• A “Hold Harmless” to the plan sponsor for all delegated fiduciary

responsibilities• On Demand face to face service.

Important Disclosures:

Review the fees and expenses you pay, including any charges associated with transferring your account, to see if consolidating your accounts could help reduce your costs. Be sure to consider whether such a transfer changes any features or benefits that may be important to you.

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Descriptions of plan features and benefits are subject to the plan document. The plan document will govern in the event of any inconsistencies.

For more information on any registered fund, please call Transamerica Retirement Solutions at 800-755-5801 for a free summary prospectus (if available) and/or prospectus. Since the investment options available under a collective trust are exempt from SEC registration, a prospectus is not available with respect to such investment options. You should consider the objectives, risks, charges, and expenses of an investment carefully before investing. The summary prospectus and prospectus contain this and other information. Read them carefully before you invest. Since the investment options available under a collective trust are exempt from SEC registration, a prospectus is not available with respect to such investment options.

Securities are offered by Transamerica Investors Securities Corp. (TISC), 440 Mamaroneck Avenue, Harrison, NY 10528... Any mutual fund offered under the plan is distributed by that particular fund’s associated fund family and its affiliated broker-dealer or other broker-dealers with effective selling agreements such as TISC. Bank collective trusts funds are not insured by the FDIC, the Federal Reserve Bank or any other government agency and are not registered with the Securities and Exchange Commission. Group annuity contracts, if offered under the plan, are made available through the applicable insurance company. Any guarantee of principal and/or interest under a group annuity contract is subject to the claims-paying ability of the applicable insurer. Certain investment options made available under the plan may be offered through affiliates of Transamerica Retirement Solutions and TISC. These may include: (1) the Transamerica Funds (registered mutual funds distributed by Transamerica Capital, Inc. (TCI) and advised by Transamerica Asset Management, Inc. (TAM)); (2) the Diversified Investment Advisors Collective Trust, a collective trust fund of Massachusetts Fidelity Trust Company (MFTC) (includes the Stable Pooled Fund); (3) group annuity contracts issued by Transamerica Financial Life Insurance Company (TFLIC), 440 Mamaroneck Avenue, Harrison, NY 10528 (includes the Stable Fund, the Fixed Fund, the Guaranteed Pooled Fund, and SecurePath for Life); and (4) group annuity contracts issued by Transamerica Life Insurance Company (TLIC), 4333 Edgewood Road NE, Cedar Rapids, IA 52499 (includes SecurePath for Life). IPPFA has selected Transamerica Retirement Solutions as your retirement plan provider, but there are no other affiliations between IPPFA and Transamerica Retirement Solutions, TISC, TCI, TAM, MFTC, TFLIC, or TLIC.

PT 3186 (12/12)

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Think ahead. Take action now.

Consider Maria and Alex, two hypothetical retirement savers. Both contribute 3% of their pretax salaries to their retirement accounts, average 2% pay increases each year, earn 6% a year on their investments, and are in the 25% federal tax bracket.

The difference: Maria starts saving at age 25, when she earns $30,000 a year. Alex holds off until age 35, when he’s making $40,000.

The result: Check out the chart! Maria’s strategy bears far more fruit—at a lot less cost—than Alex’s. Better late? Never!

It doesn’t pay to delay!

Over 40 years, Maria contributes $54,362 and ends up with $187,602

Over 30 years, Alex contributes $72,482 but ends up with $121,764

Maria saves $65,838 more!

Think it’s best to put off saving for retirement? Think again.

Later may be better than never. But when it comes to your financial future, the sooner you start saving, the better off you’ll be.

12118-PT_F (04/14) © 2014 Transamerica Retirement Solutions Corporation

Brighten Your Outlook SM

The cost of waiting

This hypothetical illustration does not represent the performance of any particularinvestment fund or product. Past performance does not guarantee future results.

� Get going. Enroll in your plan today at my.trsretire.com, or call 800-755-5801.

� Start small. Even a little can add up in the end.

� Then save more. Consider raising your contribution rate by an easy 1% a year.

� Don’t stop. Quitting in midstream could soak your nest egg even more than starting latemight.

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dy.™

Determine YourSavings Goal

How much income canyou expect from SocialSecurity?Request your estimate atssa.gov or 800-772-1213.

You may need more income than you think.

The income you'll need in retirement depends greatly on your circumstances, including your age, health,income, investments, and savings. Based on today's average life expectancy, you may need your nest egg tolast for 20 years or more. And don't forget about rising health care costs. In fact, a leading study estimatesthat you may need 77% to over 94% of your final preretirement income to maintain your lifestyle after yourregular paychecks stop.(1)

Most of your income will come from you.

Social Security covers only about 37%* of the average retiree's income, and fewer employers offer traditionalpension plans. In reality, most of your retirement income will likely come from your own savings, part-timeemployment in retirement, or both. If your goal is to live comfortably and work less in retirement, you needto start saving today.

SOURCES OF RETIREMENT INCOME*

*Fast Facts & Figures About SocialSecurity, 2011.Total does not necessarily equal 100%due to rounding.

Choose your tax treatment.

You can save with traditional pre-tax contributions, after-tax Roth contributions, or a combination of both.Pre-tax savings give you tax benefits right away and could make contributing more cost less than you think.Roth savings could pay off down the road, when you might be in a higher income tax bracket. Our onlinecalculators can help you decide which strategy makes sense for you.

Aim for a perfect 10.

Try to save at least 10% of your pay for retirement. If that seems like too much now, start smaller by puttingaway about 5%, then raise your rate gradually by, say, 1% a year on your birthday. That's a gift that keeps ongrowing!You should evaluate your ability to continue saving in the event of a prolonged market decline, unexpectedexpenses, or an unforeseeable emergency.

(1) Aon Consulting, 2008 Replacement Ratio Stu

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Investment Solutions

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Your IPPFA Deferred Compensation Plan makes it easy to choose an investment strategy and easy to maintain or adjust your strategy over time.

Choose a one-step solution

Make it automatic with PortfolioXpress®If your financial picture is relatively straightforward, consider PortfolioXpress. This service establishes an investment mix based on the retirement year and risk preference you select. Then it regularly rebalances your account to a more conservative mix over time. It's a solution for people who are saving for retirement and want automatic diversification. You can subscribe to PortfolioXpress at my.trsretire.com.

When you sign up for PortfolioXpress your retirement plan assets are invested in an asset allocation mix that is appropriate for the retirement year you select. PortfolioXpress automatically rebalances your account each quarter. As you get closer to your targeted retirement year PortfolioXpress adjusts your asset allocation to a more conservative mix.

You can easily track the progress of your portfolio online and through your quarterly account statements. Your circumstances will change over time therefore it is recommended that you review your investment strategy to make sure it continues to reflect your current retirement needs. There is no additional cost for PortfolioXpress, though you would still bear the fees of the underlying funds in which your account is invested.

PortfolioXpress® is a registered service mark of Transamerica Retirement Solutions Corporation (Transamerica). PortfolioXpress presents a series of asset allocation models up to and through a designated retirement year. You are solely responsible for choosing the retirement year and risk preference. By subscribing to the service, you agree to each of the asset allocation mixes and automated rebalancing transactions that will take place over time within your account as you approach the selected retirement year. If you sign up, you should carefully review the service agreement for additional information regarding fees and other terms and conditions that may apply to this service. Retirement date portfolios are subject to the same risks as the underlying asset classes in which they invest. The higher the portfolio's allocation is to stocks, the greater the risk. The principal value of the portfolio is not guaranteed at any time, including at and after the target date.

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Select one fund that maintains a diversified mixAsset allocation funds are diversified funds that offer a range of investment mixes depending on yourcomfort level with risk and how long you have until you retire. The funds range from short-term,conservative options that invest more of their assets in bonds to long-term, aggressive options that investmore of their assets in stocks. These funds do not change their asset allocation to become more conservativeover time.

You can select an asset allocation fund based on your desired risk level and/or years until retirement.Asset allocation funds are subject to the risks of the underlying funds in which they invest. To the extent the fund invests more of its assets in stock investments; it will be subject to greater risk than a fund investing more of its assets in bond funds.

Do it yourself

Create your own investing strategyYou can also create your own investment mix using the funds available in your plan. These funds offer flexibility for both new and experienced investors. With this approach, you can develop an investing strategy that is tailored just for you.

To supplement the investment funds offered under your plan, you may choose to open a Schwab Personal Choice Retirement Account® (PCRA). PCRA is a self-directed investment option that allows you to direct purchases and sales within your account in investment options other than those offered under the plan.

By establishing a PCRA you assume responsibility for controlling your investments. For more information on establishing and maintaining a PCRA, please call Transamerica at 800-755-5801.

You must individually apply for PCRA and are solely responsible for your fund selections made under the PCRA. Commissions and transaction fees may apply to fund trades placed outside of the Schwab Mutual Fund OneSource® program or trades on other investment vehicles available through Schwab. An annual fee of $50 will be applied by Transamerica if you invest in the Schwab PCRA. Securities purchased through the PCRA are available through Charles Schwab & Co. Inc., (Member SIPC). Charles Schwab & Co., Inc. is not affiliated with Transamerica.

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12084-PT_F (04/14) © 2014 Transamerica Retirement Solutions Corporation

Think ahead. Take action now.

Brighten Your OutlookSM

PortfolioXpress ®

A glide path charts the course for your investment mix.

Early Career

stocksbonds

Retirement

� Go automatic! Sign up for PortfolioXpress at my.trsretire.com, or call 800-755-5801 for moreinformation. Be sure to review the investment mixes and glide path before investing.

PortfolioXpress® is a registered service mark of Transamerica Retirement Solutions Corporation(Transamerica). PortfolioXpress® presents a series of asset allocation models up to and through adesignated retirement year. You are solely responsible for choosing the retirement year and riskpreference. By subscribing to the service, you agree to each of the asset allocation mixes and automatedrebalancing transactions that will take place over time within your account as you approach the selectedretirement year. If you sign up, you should carefully review the service agreement for additionalinformation regarding fees and other terms and conditions that may apply to this service. Although thePortfolioXpress® service is offered at no additional cost, you will continue to bear the fees of theunderlying funds in which the account is invested. Retirement date portfolios are subject to the samerisks as the underlying asset classes in which they invest. The higher the portfolio’s allocation is tostocks, the greater the risk. The principal value of the portfolio is not guaranteed at any time, includingat and after the target date.

Does this statement sound like you? If so, consider PortfolioXpress, our automatic asset allocationand rebalancing service. And although you will continue to bear the fees of the underlying funds inwhich your account is invested, the PortfolioXpress service is offered at no additional cost to you.One-step diversificationPortfolioXpress uses the funds in your plan, and the retirement year and risk preference you choose,to present you with a diversified investment mix for today and a “glide path” of adjustments fortomorrow.Once you agree, the service automatically:

• Rebalances your account and contributions to reflect your mix.• Rebalances your portfolio each quarter to maintain your mix as needed.• Adjusts your mix to become more conservative over time.

This way, you can focus on your savings goal, track your progress at my.trsretire.com and on yourquarterly statements—and get on with your life! Your circumstances may change over time, soreview your investing strategy periodically to make sure it continues to reflect your current situation.

“My financial picture is relatively straightforward, so a savings strategy based on when I planto retire and my comfort with risk is probably a good starting point.”

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1

Section A: Employer Information

Company/EmployerName

New Enrollment

Contribution Change

Contract/Account No. Affiliate No. Division No.

PE61743 00001 (07/13)

The Wise Choice for Public Employees

PE61743 00001

Enrollment Application

Section B: Participant Information

Date of Birth(MM-DD-YYYY)

Social Security No.

First Name/MiddleInitial

Last Name

Mailing Address State Zip code

City E-mail

Date of Hire(MM-DD-YYYY)

Phone No./Ext.

Married Single/DivorcedMarital Status Gender Male Female

Section C: Contributions (By law, any election will not be effective until the following month, except if completed on the firstday of employment or earlier.)

I elect to reduce my eligible compensation by ____________% (from 1% up to 100% of your pay), each pay period as a pre-tax salary deferralcontribution.

I elect to reduce my eligible compensation by ____________% (from 1% up to 100% of your pay), each pay period as a Roth salary deferralcontribution.

Note: You may apply the age 50 catch-up or the last three taxable years catch-up for any given calendar year.

(For employees who have attained age 50 or will attain age 50 this calendar year) I elect to reduce my eligible compensation, in equal amountseach pay period, as a pre-tax salary deferral catch-up contribution, as indicated below:

Maximum amount each year (contact Transamerica for further information)

As a pre-tax salary deferral contribution.

As a Roth contribution.

$ ____________ each year as a pre-tax salary deferral contribution.

$ ____________ each year as a Roth contribution.

I am in the last three taxable years ending before the year of my normal retirement age (as defined in the plan) and have underutilized pastcontributions while eligible. I elect to make additional contributions in accordance with the Special 457(b) Catch-up provision. The catch-upcontribution will not exceed the lesser of my underutilized limit or twice the dollar amount of the 457(b) limit allowed for the year that I elect tocontribute the catch-up contribution. I elect to make a catch-up contribution:

as a pretax salary deferral contribution, for the taxable year ________ of $________ or ________%. (whole percentages)

as a Roth contribution, for the taxable year ________ of $________ or ________%. (whole percentages)

The above election(s) is effective with the payroll period beginning ____________ (may not be retroactive).

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joelb

joelb

□ 457(b) – I elect to reduce my eligible compensation by_________% or $__________each pay period as a Pre-tax salary deferral contribution. (Deferral may be up to the maximum allowed by law.) □ Roth 457 – I elect to reduce my eligible compensation by _______% or $__________ each pay period as a Roth deferral contribution. (Deferral may be up to the maximum allowed by law.)

accountant

accountant

accountant

I elect not to make contributions to this plan.

Contact me to help me consolidate another retirement plan (401K, 403B, IRA, etc) into my new Transamerica account.

Section D: Investment Allocation

1) One-Step Diversification - Automatic allocation and rebalancing service using all the core funds in your plan.

PortfolioXpress®

Please enroll me in this service. By checking this box I agree to allocate 100% of my contributions based on my target retirement year andrisk preference:

My target retirement year: 20_______

I agree to each of the asset allocation mixes and automated rebalancing transactions that will occur within my account as I approach retirement.I understand that I may turn the service off at any time, or change my designated retirement year and/or risk preference, by signing in to myaccount at my.trsretire.com or calling Transamerica at 800-755-5801. All future rebalancing transactions are shown on the attachedPortfolioXpress Profile, which includes an investment glidepath.

Maintain my Schwab PCRA . By checking the box at left I request that any existing balances in my PCRA remain invested. I understand thatPCRA balances are not available for investment through PortfolioXpress; that no future contributions will be allocated to my PCRA account;and that I may not make additional transfers into PCRA while I am using the PortfolioXpress service.

IMPORTANT: If you wish to liquidate your PCRA account and make the balances available for investment through PortfolioXpress, please call800-755-5801.

STOP HERE! Do not complete the section below if you have enrolled in PortfolioXpress, which requires a 100% allocation of newcontributions to your account. Please go directly to Section E.

2) Create or Choose Your Own Portfolio- Please allocate contributions to the following investment options in the percentages noted below (total mustequal 100%):

Choose a Portfolio Create a Portfolio

C20B Short Horizon Asset Allocation % CT4B Money Market Fund %

C35B Short/Intermediate Horizon Asset Allocation % GDAF TFLIC Stable Fund %

C21B Intermediate Horizon Asset Allocation % C15B High Quality Bond Fund %

C22B Intermediate/Long Horizon Asset Allocation % CT5B Core Bond Fund %

C36B Long Horizon Asset Allocation % C0DC Inflation-Protected Securities Fund %

C26B High-Yield Bond Fund %

CT6B Large Value %

C0AC Large Core %

C0FC Stock Index Fund %

CT1A Large Growth %

C40B Mid Value %

C39B Mid Growth %

C41B Small Value %

C0BC Small Core %

C42B Small Growth %

CRTB Real Estate Fund %

C12B International Equity Fund %28

joelb

Section E: SignaturesIf I elected the PortfolioXpress service in Section C (Investment Allocation), I hereby acknowledge that I have received and reviewed the attachedPortfolioXpress Disclosure Statement and the PortfolioXpress Profile (which includes the Investment Glidepath for PortfolioXpress). I furtherunderstand that I may change the amount of my salary reduction, or terminate this agreement, by giving notice in accordance with the terms of myemployer's plan.

Balances in a Schwab Personal Choice Retirement Account are not available for investment in the PortfolioXpress service. Should you choose tomaintain these assets in PCRA, you will be restricted from making any additional transfers into PCRA. The assets in your PCRA account will remain,and will not be included in the investment strategy provided through this service. If you choose to liquidate your PCRA account, please contact aTransamerica representative.

I understand that any catch-up contributions elected above are not determined to be catch-up contributions until my regular pre-tax salary deferralcontributions exceed an applicable limit under the plan, and that the amount of my salary reduction above may not exceed the limits of contributionsset forth in my employer's plan.

Transamerica Investors Securities Corporation (TISC), 440 Mamaroneck Avenue, Harrison, NY 10528, distributes securities products. Anyregistered fund offered under the plan is distributed by that particular fund's associated fund family and its affiliated broker-dealer or otherbroker-dealers with effective selling agreements such as TISC.

I acknowledge that investment option information, including prospectuses, disclosure documents, and/or fund profile sheets, as applicable have beenmade available to me and I understand the risks of investing.

The Transamerica funds are distributed by Transamerica Capital, Inc. (TCI) and are advised by Transamerica Asset Management (TAM).Transamerica, TISC, TAM, and TCI are affiliated companies.I understand that the fixed interest option(s) are available under group annuitycontract(s) issued by Transamerica Financial Life Insurance Company ("TFLIC") and that the mutual fund options are subject to a CustodialAgreement with State Street Bank and Trust Company ("SSBT"). I understand that the group annuity contracts are legally separate arrangements fromthe Custodial Agreement. SSBT has no control over or responsibility for the group annuity contracts. I understand that an annual administrative fee, awithdrawal charge, and transfer restrictions may apply.The Transamerica investment options are available under a group variable annuity contractissued by Transamerica Financial Life insurance Company ("TFLIC"), which is offered through Transamerica Investors Securities Corporation, 440Mamaroneck Avenue, Harrison, NY 10528. I understand that an annual administrative fee, a withdrawal charge, and transfer restrictions mayapply.The Stable Pooled Fund is offered through Diversified Investment Advisors Collective Trust and invests directly in the Wells Fargo StableReturn Fund which is a collective trust fund of Wells Fargo.

I agree to the terms of the plan. I am aware that amounts deferred under this type of plan are included in my employer's general assets. I understandthat I may change the amount of my salary reduction, or terminate this agreement, by giving notice according to the terms of the plan. I understandthat upon termination of my employment, my account will be distributed according to my election and according to the terms of the plan.

XParticipant Signature Date

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29

PLAN COSTS CAN MAKE A DIFFERENCE! Astute investors consider total fees an important criterion in selecting investment providers. To adequately compare the fees on your Supplemental Savings options (403(b) & 457(b)), you may wish to do a total fee analysis by:

• Finding out if the plans or investments under consideration have fees other than those calculated aspart of the expense ratio on the investment(s)

• Add that number, if any, to the expense ratio on the investment(s) to determine Total Expenses• Determine if there is a "fee differential" in your options and make a judgment if there is value

received for that differential in performance, additional contract features or service.

Many Supplemental Savings do not build their plan operational costs into the expense ratios on the investments. They may have additional fees. These are generically referred to as "wrap fees" and they may include one or more of the following charges*:

• Administrative Fee • Mortality and Expense Charge• Variable Expense Charge • Mortality and Administration Charge• Actuarial Risk Charge

These charges are taken out daily in the calculation of unit values and cannot be seen on a statement. The disclosure may be in the master contract, prospectus or other disclosure material and can be hard to find.

HOW MUCH COULD A "FEE DIFFERENTIAL" AFFECT MY ACCOUNT BALANCE**?

TOTAL FEE DIFFERENCE

AFTER 5 YEARS

AFTER 15 YEARS

AFTER 20 YEARS

AFTER 25 YEARS

AFTER 30 YEARS

.25% $77.53 $1,167.21 $2,732.87 $5,664.87 $10,890.18

.50% $154.58 $2,770.05 $5,378.88 $11,097.94 $21,233.19

.75% $231.15 $3,422.09 $7,970.84 $16,308.91 $31,057.18

1.00% $307.24 $4,510.97 $10,421.47 $21,307.08 $40,388.83

1.25% $382.86 $5,574.95 $12,823.42 $26,101.37 $49,253.46

1.50% $458.01 $6,614.59 $15,149.24 $30,700.32 $57,675.09

TOTAL FEE DIFFERENCE

AFTER 5 YEARS

AFTER 10 YEARS

AFTER 15 YEARS

AFTER 20 YEARS

AFTER 25 YEARS

.25% $115.06 $795.14 $2,334.36 $5,465.58 $11,329.41

.50% $309.15 $1,578.89 $4,615.27 $10,757.44 $22,195.22

.75% $469.29 $2,351.41 $6,843.97 $15,881.20 $32,616.84

1.00% $614.47 $3,112.87 $9,021.67 $20,842.32 $42,612.88

1.25% $765.70 $3,863.42 $11,149.56 $25,646.08 $52,201.17

1.50% $915.99 $4,603.21 $13,228.78 $30,297.58 $61,398.79

Existing Employee: $35,000 balance -$4,000 per year contribution

* Source: Aegis Advisors Market Overview Report to the IPPFA Board dated April 2000 (revised Feb, 2009) ** The costs and annual fund yield are hypothetical and illustrative only. They are not representative of any actual client or of a specific investment product or strategy.

THERE ARE NO FEES IN THE IPPFA SUPPLEMENTAL SAVINGS PROGRAM OTHER THAN THE FUND EXPENSES SHOWN IN THIS BOOKLET!

ASSUMPTION: Underlying annual fund yield is 8%** (net of fund management expenses) compounded over the periods shown.

New Employee contributing $2,000 per year over time period stated

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INVESTMENTS BUILT FOR RETIREMENT AND SUPPLEMENTAL SAVINGS PLANS!

Typical Annuity or Collective Trust Product

IPPFA Plan with Transamerica

+ =

INVESTMENT MANAGEMENT FEES

• 21 Core - “PensionStyle” Collective Trust Funds

• 5 Strategic Allocation Funds

• Charles Schwab PCRAAccount – Over 5,000 noload Funds and 150+ETF’s

• “Portfolio Express”(Customized Target Maturity)

“WRAP” / ADMINISTRATIVE FEES

NONE

Charles Schwab PCRA Account - $50 PER ANNUM

TOTAL FEES

0.00% TO 1.55%

+ =

INVESTMENT MANAGEMENT FEES

American Century American Funds Fidelity Janus Lord Abbot Putnam

Insurance Company Separate Account

Etc.

“WRAP” / ADMINISTRATIVE FEES

• Mortality and Expense Fee • Mortality and Administration Fee • Administrative Fee

• $ per head • % of account balance

• Variable Expense Charge • Mutual Fund Access Charge

Many Products contain more than one of these

TOTAL FEES

UP TO 3%

32

Your Funds at a Glance Fund Name/Type Investment Objective Inception

Date 457(b)

Expense Ratio Money Market Liquidity and as high a

level of income as is consistent with the preservation of capital.

11/30/1978 .80%

High Quality Bond Provide a high risk-adjusted return while focusing on the preservation of capital.

6/30/1990 1.00%

Core Bond Seeks to achieve maximum total return.

12/31/1977 1.00%

Inflation-Protected Securities

To seek maximum return consistent with the preservation of capital.

7/31/1990 1.00%

High Yield Bond Seeks to provide a high level of current income.

8/31/1995 1.10%

Large Value Provide long-term capital appreciation through investment in a diversified portfolio of common stocks of large-capitalization companies. Current income is a secondary goal.

12/31/1977 1.00%

Large Core/Large Blend

Provide capital appreciation and current income.

12/31/1985 1.15%

Stock Index To match the performance of the Standard & Poor’s 500® Index.

4/1/1993 .65%

Large Growth Provide a high level of capital appreciation through investment in a diversified portfolio of common stocks with a potential for above-average growth in earnings. Current income is a secondary goal.

2/28/1993 1.25%

Mid Cap Value Provide a high total investment return through investments primarily in a diversified portfolio of common stocks.

5/15/2001 1.25%

Mid Cap Growth Provide a high total investment return through

5/15/2001 1.35%

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investments primarily in a diversified portfolio of common stocks.

Small Value Provide a high total investment return through investments primarily in a diversified portfolio of common stocks.

4/15/2002 1.50%

Small Cap Core Provide a high total investment return through investments primarily in a diversified portfolio of common stocks of small to medium size companies.

4/15/2002 1.50%

Small Cap Growth Provide a high total investment return through investments primarily in a diversified portfolio of common stocks.

4/15/2002 1.55%

Real Estate Fund Above average income and long-term capital growth.

8/29/2003 1.35%

International Large Growth

Provide a high level of long-term capital appreciation through investment in a diversified portfolio of securities of foreign issuers.

11/30/1992 1.40%

Intermediate Horizon Asset Allocation Fund

Long-term returns form a combination of investment income and capital appreciation with slightly less than average volatility as compared to other balanced funds. Target asset allocation is 50% Stocks and 50% Bonds.

9/30/1992 1.33%

Intermediate/Long Horizon Asset Allocation Fund

Long-term returns form a combination of investment income and capital appreciation with slightly less than average volatility as compared to other balanced funds. Target asset allocation is 70% Stocks and 30% Bonds.

9/30/1992 1.39%

Long Horizon Asset Allocation Fund

Long-term returns from growth of capital and growth of income. Target asset allocation is 90% Stocks and 10% Bonds.

4/30/1998 1.44%

34

Short Horizon Asset Allocation Fund

High level of income and preservation of capital. Target asset allocation is 10% Stocks and 90% Bonds.

9/30/1992 1.23%

Short/Intermediate Horizon Asset Allocation Fund

Reasonable returns with considerably less than average volatility as compared to other balanced funds. Target asset allocation is 30% Stocks and 70% Bonds.

4/30/1998 1.27%

457(b) Fixed Account – TFLIC Stable Fund The interest rate for deposits received between 01/01/2015 and 12/31/2015 is 1.50% on an annualized basis for TFLICStable. There is no expense associated with this account.

35

2227 Beneficiary Designation – Rev 7/14 (Page 1 of 5) 37

2227 Beneficiary Designation – Rev 7/14 (Page 4 of 5)

40

2227 Beneficiary Designation – Rev 7/14 (Page 5 of 5)

41

3268-TRS (rev. 4/13) (Page 1 of 2) 457(b) Governmental Plans

Governmental 457(b) Transfer DepositInstructions

Use this form to initiate a transfer of your existing 457(b) governmental plan account to your 457(b) governmental plan account with Transamerica. Complete Sections A, B, C and D and obtain your Employer’s signature in Section E. Then send this completed form and your present provider’s withdrawal form (and a completed Transamerica Enrollment Application, if you are not currently enrolled) to Transamerica at 4333 Edgewood Road NE, Mail Drop 0001, Cedar Rapids, IA 52499. Upon receipt of all required paperwork, we will initiate your transfer request with your present provider. For further information, please call us at 800-755-5801.

Section A. Employer Information

Company/Employer Name

Contract/Account No. AffiliateNo. Division No.

Section B. Personal Information

Social Security No. Date of Birth (mm/dd/yyyy)

First Name/Middle Initial Last Name

Mailing Address

City State Zip Code

Phone No. Ext.

E-mail Address

Section C. Present Provider Information

Plan Provider Name _______________________________________________________________________________________________________

Plan Provider Address _____________________________________________________________________________________________________

________________________________________________________________________________________________________________________

Plan Account No. ________________________________________

Plan Provider Contact Name/Phone No. _______________________________________________________________________________________

47

3268-TRS (rev. 4/13) (Page 2 of 2) 457(b) Governmental Plans

Section D. Transfer Information

Amount to be transferred from present provider:

100% of account Partial transfer of $_______________________

Pre-Tax Contributions: $_________________

Roth After-tax Contribution Account (if applicable)

$_________________ Total Roth Contributions (include both contributions and earnings)

$_________________ Total Roth After-tax Cost Basis (cost basis is the amount of Roth after-tax contributions made, but not including earnings)

__________________ First Year of Designated Roth Contribution (cannot be prior to 2011)

In order to transfer your Roth account, your employer’s plan must have a Roth account with Transamerica.

Note: In-kind transfers are not allowed.

Section E. Signatures

I request the immediate transfer of funds from my present 457(b) governmental plan account referenced in Section C above, to my Transamerica 457(b) governmental plan account. I understand that my transfer deposit will be invested according to the existing investment allocation on my account. I certify that the information provided on this form is correct and complete.

X_____________________________________________________________________________________ X_________________

Participant Signature Date

X_____________________________________________________________________________________ X___________________________________________________________________________

Print Name Social Security Number

I certify that this transfer deposit is permissible under the terms of the plan and complies with current regulations, and that the information provided on this form is correct and complete.

X_____________________________________________________________________________________ X_________________

Employer Signature Date

48

3484-TRS (rev. 4/13) (Page 1 of 2) NFP ERISA/NFP Non-ERISA/Governmental 457(b)/Tax-Exempt 457(b)

Transfer RequirementsI. Incoming 403(b) Contract Exchange Request

Under the existing IRS Contract Exchange rules, your 403(b) account or annuity may be transferred to another investment provider for the same 403(b) plan, provided certain requirements are met.

(1) The 403(b) plan sponsored by your employer must permit such contract exchanges and (2) the investment provider receiving the transfer must be an approved investment provider under your employer’s 403(b) plan or such provider must have entered into an information-sharing agreement with your employer.

Any 403(b) funds transferred to Transamerica from another 403(b) investment provider for your employer’s 403(b) plan must continue to be subject to distribution restrictions that are not less stringent than those imposed on the contract being exchanged.

Any 403(b) funds transferred to Transamerica under a 403(b) Contract Exchange will retain their December 31, 1986 and/or December 31, 1988 grandfathered status, (if applicable) provided the necessary information is timely provided to Transamerica by your present investment provider in the section provided on Transamerica’s Incoming Contract Exchange (within the Same Plan), in accordance with the instructions on that form.

II. Incoming 403(b) Plan-to-Plan-Transfer Request to Transamerica from Another 403(b) Plan

If your current 403(b) account or annuity is under a different 403(b) plan than the 403(b) plan of your present employer (or former employer), and the receiving plan is serviced by Transamerica, please complete the Incoming 403(b) Plan-to-Plan Transfer (from another 403(b) Plan) in accordance with the instructions on that form.

In order to allow for a Plan-to-Plan Transfer to occur, both the 403(b) transferor plan and the receiving plan that is serviced by Transamerica must provide for a Plan-to-Plan Transfer.

In order to allow for a Plan-to-Plan Transfer to occur, the funds transferred to Transamerica from another 403(b) plan must continue to be subject to distribution restrictions that are not less stringent than those imposed under the transferor 403(b) plan.

Any 403(b) funds transferred to Transamerica under a 403(b) Plan-to-Plan Transfer will retain their December 31, 1986 and/or December 31, 1988 grandfathered status, (if applicable) provided the necessary information is timely provided to Transamerica by your present investment provider in the section provided on Transamerica’s Incoming Plan-to-Plan Transfer (from another 403(b) Plan), in accordance with the instructions on that form.

Important Note: Some 403(b) plans are subject to the requirements of the Employee Retirement Income Security Act of 1974 (“ERISA”). You cannot transfer 403(b) assets from an ERISA-covered 403(b) plan to a non-ERISA 403(b) plan except by a direct rollover, which requires a distributable event (e.g., termination of employment). If you transfer 403(b) assets from a non-ERISA 403(b) plan to an ERISA-covered 403(b) plan, the transferred assets will automatically become subject to the requirements of ERISA. Please contact the Plan Administrator of the ERISA covered 403(b) plan or us for further information.

III. Incoming 401(a) Plan-to-Plan Transfer Request to Transamerica from Another 401(a) Plan

If your current 401(a) account is under a different 401(a) plan than the 401(a) plan of your present employer (or former employer), and the receiving plan is serviced by Transamerica, please complete the Incoming 401(a) Plan-to-Plan Transfer (from another 401(a) Plan), in accordance with the instructions on that form.

In order to allow for a Plan-to-Plan Transfer to occur, both the 401(a) transferor plan and the receiving plan that is serviced by Transamerica must provide for a Plan-to-Plan transfer.

In order to allow for a Plan-to-Plan Transfer to occur, the funds transferred to Transamerica from another 401(a) plan must continue to be subject to distribution restrictions that are not less stringent than those imposed under the transferor 401(a) plan.

In order to allow for a Plan-to-Plan Transfer to occur, the funds transferred to Transamerica from another 401(a) plan must provide that the participant is entitled to receive any distribution from the receiving plan in a single sum distribution.

Please contact your Plan Administrator or us for further information.

49

3484-TRS (rev. 4/13) (Page 2 of 2) NFP ERISA/NFP Non-ERISA/Governmental 457(b)/Tax-Exempt 457(b)

IV. Incoming Tax Exempt Employer 457(b) Plan-to-Plan Transfer Request to Transamerica from Another Tax Exempt Employer 457(b) Plan

If your current Tax Exempt 457(b) account is under a different Tax Exempt 457(b) plan than the Tax Exempt 457(b) plan of your present employer or former employer, and the receiving plan is serviced by Transamerica, please complete the Tax Exempt Employer 457(b) Transfer Deposit in accordance with the instructions on that form.

In order to allow for a Plan-to-Plan Transfer to occur, both the Tax Exempt Employer 457(b) transferor plan and the receiving plan that is serviced by Transamerica must provide for a Plan-to-Plan Transfer.

Important Note: If you transfer from one Tax Exempt Employer 457(b) Plan to another Tax Exempt Employer 457(b) Plan, your transferred amount is an unsecured obligation of the receiving plan’s employer and is subject to the payment of claims of the employer’s general creditors in the event of the employer’s insolvency. Please contact your Plan Administrator or us for further information.

V. Incoming Governmental 457(b) Plan-to-Plan Transfer Request to Transamerica from Another Governmental 457(b) Plan

If your current Government 457(b) account is under a different Governmental 457(b) plan than the Governmental 457(b) plan of your present employer or former employer, and the receiving plan is serviced by Transamerica, please complete the Governmental 457(b) Transfer Deposit in accordance with the instructions on that form.

In order to allow for a Plan-to-Plan Transfer to occur, both the Governmental 457(b) transferor plan and the receiving plan that is serviced by Transamerica must provide for a Plan-to-Plan Transfer.

Important Note: Instead of a plan-to-plan transfer from one Governmental 457(b) plan to another Governmental 457(b) Plan, you may also do a rollover by requesting an eligible rollover distribution. Please contact your Plan Administrator or us for further information.

VI. Mailing and Wiring Instructions

Checks

If sending a check, mail the check and the Incoming Transfer/Rollover/Exchange Form to one of the following addresses, as applicable:

Regular Mail Overnight MailTransamerica JPMorgan Chase - Lockbox ProcessingRemittance Processing Center Lockbox No. 13029PO Box 13029 4 Chase Metrotech CenterNewark, NJ 07188 Ground Level Courier on Willoughby Street

Brooklyn, NY 11245Phone Number: (718) 242-0674 (must be indicated on overnight air bill)

Wire Transfers

If sending a wire transfer, mail the Incoming Transfer/Rollover/Exchange Form to the address below:

Form Wire InstructionsTransamerica State Street Bank and Trust Company4333 Edgewood Road NE 200 Clarendon StreetCedar Rapids, IA 52499 Boston, MA 02116-5021

Bank ABA # 011000028Receiving Account # 00457374Receiving Account name: TransamericaContract-Affiliate#Contract Name

50

PE61743 00001PT-3447 (03/15) 52

enrollment kit - 2012...minimum loan amount: $1,000 maximum loan amount: 50% of your vested account...

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