RS2070_FRCVR 714

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<<EmployerName>> 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 <<PlanName>> 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 <<Website>>, <<BenAdmin>>

<<Broker1>> <<Broker2>> <<Broker3>>

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

<<SignBlock>>

RS2070_WELCOME 614

Welcome

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Two easy ways to monitor and manage your account.

1. ONLINE

Log into our website at <<website>>. 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

<<Access_SPR>>

• Transfer (exchange) balances between investment

options*

• Check current investment prices and performance

<<Access_Statements>>

• View and download your quarterly electronic

statements

If you are having trouble accessing your account for

the first time, please contact your Participant Service

Center at << >> r 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

<<Access_Phone>>

RS2070_ACCESS 714

<<QuickLink>>

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QUICK LINK TIP

Want quick access to your account?1. Go to www.massmutual.com/serve,

www.massmutual.com/retirementaccess.

2. Click Login at the top right of the screen.

[3. Click Retirement Access.

3./4.] Log in to view or manage your account.

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1

2

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Important Notice to Applicant Regarding Replacement of Life Insurance A decision to buy a new policy and discontinue or change an existing policy may be a wise choice or a mistake. Get all the facts. Make sure you understand both the proposed policy and your existing policy or policies. New policies may contain clauses which limit or exclude coverage of certain events in the initial period of the contract, such as the suicide and incontestable clauses which may have already been satisfied in your existing policy or policies. Your best source for facts on the proposed policy is the proposed company and its agent. The best source on your existing policy is the existing company and its agent. Hear from both sides before you make your decision. This way you can be sure your decision is in your best interest. If you indicate that you intend to replace or change an existing policy, Florida regulations require notification of the company that issued the policy. Florida regulations give you the right to receive a written Comparative Information Form which summarizes your policy values. Indicate whether or not you wish a Comparative Information Form from the proposed company and your existing insurer or insurers by checking the appropriate box below.

Yes, I would like to receive comparative information. No, I do not want to receive comparative information

Note: Do not take action to terminate your existing policy until your new policy has been issued and you have examined it and found it acceptable. Information on present insurer

Insurance company name Telephone number

Address City State Zip Code

Information on present policies

Company name Policy number Name of insured

1

2

3 (Continue on separate page if necessary) Form HL-10606-1 Florida (Rev. 3/06)

3

Replacement Notice (Cont’d) I have read this notice and received a copy of it

Applicant's signature Date (mm/dd/yyyy) / /

Joint applicant's signature (if applicable) Date (mm/dd/yyyy) / /

Registered representative's signature Date (mm/dd/yyyy) / /

Registered representative's name (please print) Company Name

Registered representative's address City State Zip Code

4

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

281357

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ENROLLMENT HL-20330

5

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______________________________ __________________________________

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6

CONTINGENT TOTAL: 100%

PRIMARY TOTAL: 100%

HVL-394-7 Rev. 2.15 Keep a copy for your records. Do not return to MassMutual. benerisa.pdf

Beneficiary Designation / Spousal Consent Form

Group Number: Employer Name:

Participant Name: Last, First, M.I. Social Security Number:

Are you currently married?

No

Yes If you are married and designate your spouse as the Primary Beneficiary for less than 100% of your death benefit, your spouse

must sign the Spousal Consent Agreement below, unless this consent is deemed not applicable by your Plan Administrator. If consent is

applicable, you must also complete a QPSA waiver and spousal consent.

BENEFICIARY INFORMATION

Upon the death of the Participant, all proceeds will be paid to the living beneficiaries in the order specified below. Only the

Participant may change the designation. If you do not designate a beneficiary, or your beneficiary and spouse, 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.

The execution and the delivery of this form to the offices of the Plan Administrator revokes all prior beneficiary designations that

I have made. I understand that, if I am married, my spouse must consent in writing to the designation of any person as

beneficiary other than my spouse. I understand that this beneficiary designation will not take effect until it has been received in

good order by the Plan Administrator.

____________________________________________________ ______________________Participant Signature Date

SPOUSAL CONSENT AGREEMENT (if applicable)

This notice will certify that, as spouse of the Participant named above, I have consented to my spouse naming the person(s)

listed above as Primary Beneficiary(ies) of any death benefits provided by the Plan. I hereby waive any and all rights I may

have received under the Plan had this Spousal Consent not been granted.

____________________________________________________ ______________________

Spousal Signature Date

____________________________________________________ ______________________

Signature of Witness (Plan Administrator or Notary Public) Date

Form to Be Retained by Plan Administrator

.cnI ,slriG rof retneC ECAP 281357

7

A. If you are married, the Beneficiary you designate must be your spouse unless your spouse consents in writing, as witnessed

by a Notary Public or the Plan Administrator, to designate another beneficiary.

B. 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.

C. 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

HVL-394-7 Rev. 2.15 page 2 of 2 benerisa.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.

8

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

9

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

01

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

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11

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

21

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

31

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

41

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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51

61

)knalb tfel yllanoitnetni egap sihT(

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.

281357

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71

81

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SALARY DEFERRAL AGREEMENT 403(b)

Employer: _____________________________________________________________________________________

Employee:

Name: __________________________________ SS#_____________________ Date of Birth: _________________

Address: _______________________________________________________________________________________

State: _______ ZIP: ___________ Home Phone: ( )_________________ Work Phone: ( )____________________

A. SALARY DEFERRAL AUTHORIZATION

Effective with respect to amounts paid on or after_____________________, 20_____, which date is subsequent to the execution of this

agreement, the Employee’s salary will be reduced/deferred by the amount indicated below. The Employer will contribute this amount

identified below to the Employee’s account(s), which the Employee will allocate among the investment options approved by the

Employer.

Please check all options that apply.

I will be contributing ____% or $_________ of my compensation, each pay period, on a before-tax basis until such time as I

revoke or amend my election.

I will be contributing ____% or $_________ of my compensation, each pay period, as designated Roth contributions until such

time as I revoke or amend my election. I understand that once an amount is contributed, its designation as a Roth contribution

may not be changed.

I will not contribute at this time.

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

I am utilizing the 15+ years of service provisions.

B. SALARY DEFERRAL AGREEMENT

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.

_____________________________________________ ________________________Employee’s Signature Date

_____________________________________________ ________________________Authorized Signature for Employer Date

Submit this Salary Deferral Agreement to your Employer.Keep a copy for your records. Do not return to MassMutual.

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.

SDA-5 Rev. 2.15 sdatda.pdf

91

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32

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evres/moc.lautumssam.www llac ,nosrep laer a ot klat ot deen dna snoitseuq evah uoy fI . 9009-825-008-1 .

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52RS2070_GP2 514

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OPTION 1 OPTION 2

.snoitpo tog ev’uoYelpitlum sreffo nalp ruoy yhw s’tahT .gnitsevni ot hcaorppa lla-stif-ezis-eno on si erehT

.tnemeganam tessa rof seigetarts dliub ot tpo nac uoy ro dnuf etad tegrat a tceles nac uoY snoitpo tnemtsevni laudividni s’nalp ruoy morf gnitceles yb oiloftrop nwo ruoy .

.dnuf etad tegrat a tceleSdeen uoy lla s’tahT ?eriter uoy lliw raey tahW

.sdnuf etad tegrat eht fo eno tceles ot wonk ot tegrat a ,oiloftrop tnemtsevni ”eno ni-lla“ nA

tnemtsevni fo xim deifisrevid a si dnuf etad emit eht noitaredisnoc otni sekat taht snoitpo

.eriter uoy erofeb tsevni ot evah uoy

tnemtsevni fo xim a ssorca deifisrevid si tI pleh ot decnalaber yllacitamotua dna snoitpo

.kcart no noitacolla s’dnuf eht peek

ot tsesolc si taht dnuf eht esoohc ylpmis uoY revo gnitsujdA .etad tnemeriter tegrat ruoy semoceb stnemtsevni fo noitacolla eht ,emit ruoy ot resolc teg uoy sa evitavresnoc erom

eht fo eulav lapicnirp ehT .etad tnemeriter ton si noitpo tnemtsevni etad tegrat

tegrat eht gnidulcni ,emit yna ta deetnaraug .etad

.stnemtsevni nwo ruoy esoohCeht fo yna morf oiloftrop ruoy dliub nac uoY

sihT .nalp eht ni snoitpo tnemtsevni laudividni evah ohw srotsevni ot detius tseb si ygetarts

tnemtsevni rieht yduts ot emit eht nekat .snoitpo

fo yteirav a sreffo nalp tnemeriter ruoY

ksir fo egnar a gnirevoc ,snoitpo tnemtsevni emoS .sevitcejbo tnemtsevni dna slevel

eht ni esaercni na kees snoitpo tnemtsevni ot mia srehto elihw )htworg( serahs fo eulav

rof )tseretni ro sdnedivid( emocni nrae srotsevni .

uoy ,snoisiced tnemtsevni ruoy gnikam erofeB

laicnanif a htiw tlusnoc ot tnaw yam .lanoisseforp

hcihw ,elyts gnitsevni ruoy yfitnedi uoy pleh ot dengised si segap gniwollof eht no eriannoitseuq ehT .uoy rof thgir eb thgim noitpo tnemtsevni hcihw ediced uoy pleh yam

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

62

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.

72

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 82

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.

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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

KSIR REHGIH/NRUTER REHGIH

KSIR REWOL/NRUTER REWOL

ytlaicepS 1 R-noitamrofnI dna mmoC namgileS aibmuloC

R-etatsE laeR ocsevnI R-slareniM laicepS & dloG remiehneppO

labolG/lanoitanretnI 2 1R-evitcepsreP weN sdnuF naciremA R-htworG lanoitanretnI ocsevnI

R-stekraM gnipoleveD remiehneppO 3R-seitinutroppO ltnI droftraH ehT

pac-llamS 3 I-xednI kcotS paC llamS sufyerD 2R-yrevocsiD weN SFM

R-ytinutroppO ynapmoC llamS eromacyS yrotciV

pac-diM 4 R-eulaV paC diM yrutneC naciremA I-xednI pacdiM sufyerD

3R-ppO htworG paC diM neevuN

pac-egraL R-lanoitutitsnI noitaicerppA latipaC reglA xednI 005 P&S sufyerD 3R-xednI ytiuqE neevuN

3R-emocnI ytiuqE droftraH ehT

*decnalaB/noitacolla tessA 2R-0202 tnemeriteRtramS nagroMPJ 2R-0302 tnemeriteRtramS nagroMPJ 2R-0402 tnemeriteRtramS nagroMPJ 2R-0502 tnemeriteRtramS nagroMPJ

sdnoB 5 R-dnoB labolG BA R-emocnI hgiH nilknarF R-nruteR latoT nilknarF

R-emocnI cigetartS reenoiP

eulav elbatS/tekram yenoM 6 tnuoccA )etaR deralceD( lareneG

03

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2 tnemtsevni ,seicnerruc ngierof htiw detaicossa sksir lanoitidda dna tnereffid evlovni yam seitiruces rallod-non dna sreussi ngierof ni gnitsevnI .noitairporpxe ro ,raw ,ytilibatsni laicos ro lacitilop ,sexat ,snoissimmoc ,noitaluger seitiruces ,gnitnuocca ,erusolcsid

3 .ytilitalov desaercni sa hcus ,gnitsevni ynapmoc egral ni deretnuocne ylirassecen ton sksir cificeps sevlovni gnitsevni ynapmoc llamS

4 .skcots ynapmoc-egral naht scitsiretcarahc ksir rehgih evah yllareneg skcots pac-diM

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eb tonnac stessa hcihw ni emit fo doirep a eb yam ereht ,margorP eetnarauG s’tnemtrapeD yrusaerT .S.U eht rednu noitadiuqil gnidnep si dnuf .demeeder ro detsevni

.nalp ruoy ni elbaliava fi ,sledom noitacolla tessa edulcni ton seoD *

13

YTIUNNA DERETLEHS XAT .CNI ,SLRIG ROF RETNEC ECAP NALP )”NALP“ EHT(

:DI NALP 281357 fo sA 6102/4/3

ECITON TNATROPMI

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htiw uoy edivorp pleh ot yraicudiF nalP ruoy ,fo noitcerid eht ta ro ,yb uoy ot dedivorp gnieb si noitamrofni gniwollof ehT

.niatniam yam uoy tnuocca nalP yna gnidrager noitamrofni dna serusolcsid tnatropmi

noitamrofni esnepxe dna eef ,tnemtsevni rof etutitsbus a sa evres ot dednetni si ecitoN siht ni gnihton taht eton esaelP gnikam erofeB .slairetam erusolcsid rehto ni ro ,sutcepsorp ,noitpircsed nalp yrammus a ni uoy ot elbaliava eb yam taht ylelos yler ton dna uoy ot elbaliava noitamrofni lla weiver dluohs uoy ,tnuocca ruoy gnidrager snoisiced tnemtsevni yna

.ecitoN siht ni deniatnoc noitamrofni eht nopu

:taht lufdnim eb esaelp ,noitidda nI

• .stluser erutuf fo eetnaraug on si ecnamrofrep tsap s’tnemtsevni nA• -llew a fo stifeneb eht ot noitaredisnoc luferac evig dluohs uoy ,ytiruces tnemeriter mret-gnol eveihca pleh oT

.oiloftrop tnemtsevni deifisrevid dna decnalab• roF .snoisiced tnemtsevni gnikam nehw redisnoc dluohs uoy srotcaf lareves fo eno ylno era sesnepxe dna seeF

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fi ,revewoH .emit siht ta deriuqer si trap ruoy no noitca rehto on taht eton dna ,ylluferac noitamrofni siht weiver esaelP ot ni-gol ylpmis ,tnuocca ruoy ot segnahc ekam ro llorne ot ekil dluow uoy evres/moc.lautumssam.www ro ,emit yna ta

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nalp• eht fo etad eht sa llew sa ,nalP ruoy ni noitpo tnemtsevni hcae fo tinu ro erahs a fo eulav eht fo tnemetats A

noitaulav• eulav eht dna stessa nalP etutitsnoc hcihw noitpo tnemtsevni hcae fo oiloftrop eht gnisirpmoc stessa eht fo tsil A

)sesirpmoc ti hcihw tnemtsevni eht fo noitroporp eht ro( tessa hcus hcae fo

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nalP ytiunnA deretlehS xaT .cnI ,slriG rof retneC .E.C.A.P teertS smadA tseW enO

ellivnoskcaJ , LF 20223

23

I TRAP

NOITAMROFNI NALP LARENEG

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tcatnoc ro noitpircseD nalP yrammuS ruoy ot refer esaelP .eciton siht ni debircsed snoitcirtser dna snoitatimil eht dna nalP .rosnopS nalP ruoy

noitcerid tnemtsevni ruoy ot ylppa yam taht snoitcirtseR

rof nepo si egnahcxE kcotS kroY weN eht yad yna no detsevni era tnuocca ruoy ot snoitubirtnoc woh egnahc yam uoY yna gnidulcni ,eciton siht ni debircsed snoitcirtser dna snoitatimil eht dna nalP ruoy fo smret eht ot tcejbus ,ssenisub

ni etaitini uoy fi ,taht eton esaelP .ecitoN siht fo noitces seef dna ecnamrofrep tnemtsevni eht ni debircsed snoitcirtser yna timbus tsum uoy ,raey radnelac a gnirud nalp eht ni dereffo snoitpo tnemtsevni eht gnoma segnahcxe 02 fo ssecxe dnuF ot ylppa ton seod timil egnahcxe-02 eht :etoN .retnec ecivres eht yb dedivorp mrof eht gnisu segnahc tneuqesbus

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sthgir rehto dna rednet ,gnitov gnisicrexE

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snoitpo tnemtsevni s’nalP ehT

seef dna ecnamrofrep tnemtsevni ehT .snoitubirtnoc ruoy tcerid nac uoy hcihw otni snoitpo tnemtsevni sedivorp nalP ehT fo ypoc A .evitanretla hcae gnidrager noitamrofni sedivorp dna snoitpo tnemtsevni eseht stsil tnemucod siht fo noitces

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33

SESNEPXE DNA SEEF EVITARTSINIMDA S’NALP EHTlaidotsuc/eetsurt ,lagel sa hcus ,secivres evitartsinimda nalP rof sredivorp ecivres edistuo niatrec syap nalP ehT

eht sselnu ,stnuocca nalP laudividni morf detcuded eb yam sesnepxe ecivres hcuS .secivres gnipeekdrocer dna gnitnuocca -non hguorht sesnepxe ecivres evitartsinimda s’nalP eht fo lla ro emos rof yap ot ,noitercsid nwo sti ta ,stcele rosnopS nalP fo etad eht fo sA .srotcaf fo yteirav a no desab si dna raey ot raey morf yrav yam sesnepxe eseht rof tsoc ehT .stessa nalP

.stnuocca tnapicitrap tsniaga seef evitartsinimda nalP ssessa yltnerruc ton seod nalP eht ,slairetam eseht

deunitnocsid si tcartnoc nalp eht nehw ylppa taht stnemtsujda dna segrahc niatnoc yam tcartnoc s’nalp ruoY .rosnopS nalP ruoy tcatnoc esaelp ,noitamrofni rehtruf roF .)detanimret(

43

SESNEPXE DNA SEEF LAUDIVIDNI S’NALP EHT,elohw a sa nalP eht tsniaga naht rehtar ,stnuocca tnapicitrap laudividni tsniaga segrahc niatrec esopmi yam nalP ehT

desab esira yam segrahc esehT .secivres ro secnatsmucric cificeps rof segrahc niatrec rucni stnapicitrap laudividni nehw fo noitacilppa eht no desab ro ,)snaol tnapicitrap ,.g.e( nalP eht rednu elbaliava erutaef a fo esu s’tnapicitrap a no

.)truoc a yb deussi redro snoitaler citsemod a gnissecorp ,.g.e( wal elbacilppa

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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

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AB Global 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. © 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

_Volatility Prof le i

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

_Portfolio Statistics As of 11/30/2015

Inception Date: 3/27/1992 Net Assets ($ in millions): $4,737.54 Number of Bond Holdings: 742

Number of Stock Holdings: 4 Investment Advisor: AllianceBernstein LP Portfolio Manager: Team Managed

The investment seeks to generate current income consistent with preservation of capital. The fund invests at least 80% of its net assets in fixed-income securities. It invests significantly in fixed-income securities of non-U.S. companies. The fund normally invests in the fixed-income securities of companies located in at least three countries. It may invest in a broad range of fixed-income securities in both developed and emerging markets. The fund may invest across all fixed-income sectors, including U.S. and non-U.S. government and corporate debt securities. It is non-diversified.

VRU Code: 1110

Morningstar Category World Bond

As of 11/30/2015

Asset Allocation % Assets

Stock ...........................................................0.13 Foreign Stock ..............................................0.10 Bond ......................................................... 44.75 Foreign Bond .............................................40.23 Preferred ..................................................... 0.15 Convertible ..................................................0.08 Cash ..........................................................12.99 Other ........................................................... 1.57 Total 100.00% Largest Holdings % Assets

US Treasury Note 2.25% ............................ 8.90 US Treasury Note 1.75% ............................ 3.79 United Kingdom (Government Of) 1.75% ...2.23 Netherlands (Kingdom of) 0.25% ............... 2.22 Fed Natl Mort Assc 4% ............................... 1.98 United Kingdom (Government Of) 5% ........1.94 US Treasury Note ........................................1.69 Australia(Cmnwlth) 4.25% ..........................1.66 United Kingdom (Government Of) 4.25% ...1.66 Italy(Rep Of) 5.5% ...................................... 1.58 Total 27.65%

Publication Date 1Q 2016

Ve

Alger Capital Appreciation Institutional 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

The Fund can leverage (borrow) to achieve its investment goal. By borrowing money, the Fund has the potential to increase its returns if the increase in the value of the securities purchased exceeds the cost of borrowing, including interest paid on the money borrowed.

_Volatility Prof le i

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

_Portfolio Statistics As of 10/31/2015

Inception Date: 11/8/1993 Net Assets ($ in millions): $3,555.91 Number of Stock Holdings: 110

Investment Advisor: Fred Alger Management Inc Portfolio Manager: Patrick Kelly

The investment seeks long-term capital appreciation. The fund normally invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the adviser believes demonstrate promising growth potential. It can also invest in derivative instruments.

Large

Mid

Small

Value Blend Growth

VRU Code: 496

Morningstar Category Large Growth

Morningstar Style Box

As of 10/31/2015

Asset Allocation % Assets

Stock .........................................................89.08 Foreign Stock ..............................................5.33 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................5.12 Other ........................................................... 0.47 Total 100.00% Largest Holdings % Assets

Alphabet Inc Class C Capital Stock ............. 5.30 Apple Inc .....................................................4.55 Amazon.com Inc ......................................... 4.47 Facebook Inc Class A ..................................4.20 Microsoft Corp ............................................3.95 Visa Inc Class A .......................................... 3.46 Allergan PLC ............................................... 2.31 Comcast Corp Class A ................................ 1.63 Gilead Sciences Inc .....................................1.60 Vertex Pharmaceuticals Inc .........................1.45 Total 32.92% Diversification % Assets

Basic Materials ............................................1.52 Consumer Cyclical .................................... 17.75 Financial Services ....................................... 8.86 Real Estate .................................................. 0.63 Consumer Defensive ................................... 5.61 Healthcare ................................................. 18.85 Utilities ........................................................0.40 Communication Services ............................ 3.69 Energy .........................................................1.94 Industrials ................................................. 10.67 Technology ................................................30.07 Total 99.99%

Publication Date 1Q 2016

Ve

American Century Mid Cap Value 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

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 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 9/30/2015

Inception Date: 1/13/2005 Net Assets ($ in millions): $6,109.07 Number of Stock Holdings: 111

Investment Advisor: American Century Investment Management Inc

Portfolio Manager: Phillip Davidson Scott A. Moore

The investment seeks long-term capital growth; income is a secondary consideration. Under normal market conditions, the portfolio managers will invest at least 80% of the fund's net assets in medium size companies. The portfolio managers consider medium size companies to include those whose market capitalization at the time of purchase is within the capitalization range of the Russell 3000® Index, excluding the largest 100 such companies.

Large

Mid

Small

Value Blend Growth

VRU Code: 621

Morningstar Category Mid-Cap Value

Morningstar Style Box

As of 9/30/2015

Asset Allocation % Assets

Stock .........................................................92.52 Foreign Stock ..............................................5.42 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................2.05 Other ........................................................... 0.00 Total 99.99% Largest Holdings % Assets

Republic Services Inc Class A .....................2.97 Northern Trust Corp .................................... 2.74 Sysco Corp ................................................. 2.73 Imperial Oil Ltd ........................................... 2.05 Zimmer Biomet Holdings Inc ...................... 1.84 LifePoint Health Inc .....................................1.81 Cameron International Corp ........................1.65 ConAgra Foods Inc ..................................... 1.56 Weyerhaeuser Co ........................................ 1.55 Edison International .................................... 1.53 Total 20.43% Diversification % Assets

Basic Materials ............................................3.17 Consumer Cyclical ...................................... 8.39 Financial Services ..................................... 21.86 Real Estate .................................................. 3.31 Consumer Defensive ................................... 9.69 Healthcare ................................................... 7.14 Utilities ......................................................10.61 Communication Services ............................ 1.57 Energy .......................................................11.80 Industrials ................................................. 12.96 Technology ..................................................9.50 Total 100.00%

Publication Date 1Q 2016

Ve

American Funds New Perspective 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 3/13/1973 Net Assets ($ in millions): $55,478.53 Number of Bond Holdings: 2 Number of Stock Holdings: 229

Investment Advisor: Capital Research and Management Company

Portfolio Manager: Team Managed

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 12/31/2015

Asset Allocation % Assets

Stock .........................................................44.55 Foreign Stock ............................................46.24 Bond ........................................................... 0.09 Foreign Bond ...............................................0.09 Preferred ..................................................... 0.11 Convertible ..................................................0.01 Cash ............................................................4.50 Other ........................................................... 4.43 Total 100.02% Largest Holdings % Assets

Novo Nordisk A/S B .................................... 5.65 Amazon.com Inc ......................................... 4.71 Regeneron Pharmaceuticals Inc ................. 2.30 Microsoft Corp ............................................2.27 Naspers Ltd Class N ................................... 1.60 Priceline Group Inc ..................................... 1.44 JPMorgan Chase & Co ................................1.43 Taiwan Semiconductor Manufacturing Co Ltd 1.41 AIA Group Ltd ............................................. 1.40 Associated British Foods PLC ..................... 1.37 Total 23.58% Diversification % Assets

United States .............................................44.63 United Kingdom .......................................... 8.38 Japan .......................................................... 6.78 Denmark ..................................................... 5.65 Switzerland ................................................. 4.22 France ......................................................... 4.06 Netherlands .................................................2.30 South Africa ................................................ 1.93 Hong Kong ..................................................1.91 Germany ..................................................... 1.56 Total 81.42%

Publication Date 1Q 2016

Ve

Columbia Seligman Communications and Information 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

The products of technology companies may be subject to sever competition and rapid obsolescence, and technology stocks may be subject to greater price fluctuations, government regulation, and limited liquidity as compared to other investments. In addition, investments in one economic sector, such as technology, may result in greater price fluctuations than owning a portfolio of diversified investments. The stocks of smaller companies may be subject to above-average market price fluctuations. Please consult the Fund’s prospectus for additional information about risk. There is no guarantee that the Fund’s investment goals/objectives will be met, and you could lose money.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 6/23/1983 Net Assets ($ in millions): $3,679.16 Number of Stock Holdings: 58

Investment Advisor: Columbia Mangmt Investment Advisers, LLC

Portfolio Manager: Team Managed

The investment seeks to provide shareholders with capital gain. Under normal market conditions, the fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in securities of companies operating in the communications, information and related industries. Accordingly, it invests in companies operating in the information technology and telecommunications sectors as well as those in the media industry. The fund may invest up to 25% of its net assets in foreign investments. It is non-diversified.

VRU Code: 341

Morningstar Category Technology

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................90.66 Foreign Stock ..............................................7.81 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................1.53 Other ........................................................... 0.00 Total 100.00% Largest Holdings % Assets

Lam Research Corp .................................... 9.12 Synopsys Inc .............................................. 6.94 Teradyne Inc ................................................5.39 Synaptics Inc .............................................. 5.26 Broadcom Ltd ............................................. 4.66 Broadcom Corp ...........................................4.50 Apple Inc .....................................................4.42 Qorvo Inc .................................................... 3.63 Maxim Integrated Products Inc ...................3.58 Visa Inc Class A .......................................... 3.06 Total 50.56% Diversification % Assets

Basic Materials ............................................0.00 Consumer Cyclical ...................................... 1.72 Financial Services ....................................... 3.36 Real Estate .................................................. 0.00 Consumer Defensive ................................... 0.00 Healthcare ................................................... 0.00 Utilities ........................................................0.00 Communication Services ............................ 0.10 Energy .........................................................0.00 Industrials ................................................... 0.95 Technology ................................................93.87 Total 100.00%

Publication Date 1Q 2016

Ve

Dreyfus MidCap Index 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

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 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 12/31/2015

Inception Date: 6/19/1991 Net Assets ($ in millions): $2,820.86 Number of Stock Holdings: 401

Investment Advisor: Dreyfus Corporation Portfolio Manager: Thomas Durante

The investment seeks to match the performance of the Standard & Poor's® 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

Morningstar Style Box

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................97.37 Foreign Stock ..............................................0.17 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................2.39 Other ........................................................... 0.07 Total 100.00% Largest Holdings % Assets

Jarden Corp ................................................ 0.78 Extra Space Storage Inc ..............................0.72 Acuity Brands Inc ........................................0.68 Alaska Air Group Inc ................................... 0.67 Federal Realty Investment Trust ..................0.67 UDR Inc ...................................................... 0.65 Hologic Inc ..................................................0.63 Mettler-Toledo International Inc .................. 0.61 LKQ Corp .................................................... 0.60 Towers Watson & Co Class A ..................... 0.59 Total 6.60% Diversification % Assets

Basic Materials ............................................5.20 Consumer Cyclical .................................... 14.96 Financial Services ..................................... 14.72 Real Estate ................................................ 11.31 Consumer Defensive ................................... 3.80 Healthcare ................................................... 9.67 Utilities ........................................................4.58 Communication Services ............................ 0.50 Energy .........................................................3.34 Industrials ................................................. 17.07 Technology ................................................14.83 Total 99.98%

Publication Date 1Q 2016

Ve

Dreyfus S&P 500 Index 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 1/2/1990 Net Assets ($ in millions): $2,473.85 Number of Stock Holdings: 504

Investment Advisor: Dreyfus Corporation Portfolio Manager: Thomas Durante

The investment seeks to match the performance of the Standard & Poor's® 500 Composite Stock Price Index. To pursue its goal, the fund generally is fully invested in stocks included in the S&P 500® Index and in futures whose performance is tied to the index. It generally invests in all 500 stocks in the S&P 500® Index in proportion to their weighting in the index. The S&P 500® Index is an unmanaged index of 500 common stocks chosen to reflect the industries of the U.S. economy and is often considered a proxy for the stock market in general. The fund is non-diversified.

Large

Mid

Small

Value Blend Growth

VRU Code: 885

Morningstar Category Large Blend

Morningstar Style Box

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................98.93 Foreign Stock ..............................................0.74 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................0.27 Other ........................................................... 0.07 Total 100.01% Largest Holdings % Assets

Apple Inc .....................................................3.27 Microsoft Corp ............................................2.47 Exxon Mobil Corporation ............................ 1.81 General Electric Co ......................................1.64 Johnson & Johnson ....................................1.58 Amazon.com Inc ......................................... 1.45 Wells Fargo & Co ........................................ 1.41 Berkshire Hathaway Inc Class B ................. 1.38 JPMorgan Chase & Co ................................1.35 Facebook Inc Class A ..................................1.32 Total 17.68% Diversification % Assets

Basic Materials ............................................2.65 Consumer Cyclical .................................... 11.28 Financial Services ..................................... 15.18 Real Estate .................................................. 2.19 Consumer Defensive ................................... 9.99 Healthcare ................................................. 15.63 Utilities ........................................................2.96 Communication Services ............................ 4.19 Energy .........................................................6.50 Industrials ................................................. 10.86 Technology ................................................18.58 Total 100.01%

Publication Date 1Q 2016

Ve

Dreyfus Small Cap Stock Index 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.

_Risk/Return Spectrum

Stable Value/Money Market Bonds Asset Allocation

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

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

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 6/30/1997 Net Assets ($ in millions): $1,597.42 Number of Stock Holdings: 600

Investment Advisor: Dreyfus Corporation Portfolio Manager: Thomas Durante

The investment seeks to match the performance of the Standard & Poor's® SmallCap 600 Index. To pursue its goal, the fund invests 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. It is non-diversified.

Large

Mid

Small

Value Blend Growth

VRU Code: 465

Morningstar Category Small Blend

Morningstar Style Box

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................97.83 Foreign Stock ..............................................0.33 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................1.78 Other ........................................................... 0.06 Total 100.00% Largest Holdings % Assets

Piedmont Natural Gas Co ............................0.72 Abiomed Inc ................................................0.54 Pool Corp ....................................................0.54 PrivateBancorp Inc ......................................0.53 EPR Properties ............................................0.52 Heartland Payment Systems Inc ................. 0.51 Blackbaud Inc ............................................. 0.50 Curtiss-Wright Corp ....................................0.50 Microsemi Corp .......................................... 0.49 EMCOR Group Inc .......................................0.48 Total 5.33% Diversification % Assets

Basic Materials ............................................5.96 Consumer Cyclical .................................... 13.99 Financial Services ..................................... 16.27 Real Estate .................................................. 7.79 Consumer Defensive ................................... 3.50 Healthcare ................................................. 11.37 Utilities ........................................................4.09 Communication Services ............................ 0.89 Energy .........................................................2.21 Industrials ................................................. 16.94 Technology ................................................16.99 Total 100.00%

Publication Date 1Q 2016

Ve

Franklin 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 12/31/1969 Net Assets ($ in millions): $4,579.39 Number of Bond Holdings: 285

Investment Advisor: Franklin Advisers Inc Portfolio Manager: Christopher J. Molumphy

Eric G. Takaha

The investment seeks to earn a high level of current income; its secondary goal is to seek capital appreciation to the extent it is possible and consistent with the fund's principal goal. The fund invests predominantly in high yield, lower-rated debt securities. Lower-rated securities generally pay higher yields than more highly rated securities to compensate investors for the higher risk. These securities include bonds, notes, debentures, convertible securities and senior and subordinated debt securities. It may invest up to 100% of its total assets in debt securities that are rated below investment grade, also known as "junk bonds."

VRU Code: 726

Morningstar Category High Yield Bond

As of 12/31/2015

Asset Allocation % Assets

Stock ...........................................................0.00 Foreign Stock ..............................................0.00 Bond ......................................................... 67.25 Foreign Bond .............................................24.52 Preferred ..................................................... 0.22 Convertible ..................................................0.00 Cash ............................................................7.90 Other ........................................................... 0.11 Total 100.00% Largest Holdings % Assets

Hca 5.875% ................................................ 1.12 Bk Amer FRN .............................................. 1.11 Fmg Resources August 2006 Pty 144A 0.1% 1.08 Fiat Chrysler Automobiles N V 5.25% .........0.97 Citigroup FRN ............................................. 0.96 Sprint Nextel 144A 9% ............................... 0.92 Eldorado Gold Corp New 144A 6.125% ......0.86 Vpi Escrow 144A 6.375% ........................... 0.85 Bombardier 144A 7.5% .............................. 0.85 Equinix 5.375% ...........................................0.83 Total 9.55%

Publication Date 1Q 2016

Ve

Franklin Total Return 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

Interest rate movements and mortgage prepayments will affect the fund's share price and yield. Bond prices generally move in the opposite direction from interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund's share price may decline. Investing in derivative securities such as financial futures and option contracts involves special risks. The risks associated with higher-yielding, lower-rated securities (commonly called junk bonds) include higher risk of default and loss of principal. Investment in foreign securities also involves special risks, including currency fluctuations, and political and economic uncertainty. These and other risk considerations are discussed in the fund's prospectus.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 8/3/1998 Net Assets ($ in millions): $4,534.07 Number of Bond Holdings: 632

Investment Advisor: Franklin Advisers Inc Investment Sub Advisor: Franklin Templeton

Institutional, LLC Portfolio Manager: Team Managed

The investment seeks high current income, consistent with preservation of capital. The fund normally invests at least 80% of its assets in investment grade debt securities and investments, including government and corporate debt securities, mortgage- and asset-backed securities, floating interest rate corporate loans and debt securities, and municipal securities. It may also invest up to 20% of its total assets in non-investment grade debt securities, including up to 5% in securities rated lower than B by S&P or Moody's, which may include defaulted securities.

VRU Code: 514

Morningstar Category Intermediate-Term Bond

As of 12/31/2015

Asset Allocation % Assets

Stock ...........................................................0.00 Foreign Stock ..............................................0.00 Bond ......................................................... 67.38 Foreign Bond .............................................22.11 Preferred ..................................................... 0.44 Convertible ..................................................0.00 Cash ............................................................7.61 Other ........................................................... 2.46 Total 100.00% Largest Holdings % Assets

FNMA 4% TBA ............................................ 4.39 FNMA .......................................................... 3.96 FNMA 4.5% TBA ......................................... 3.59 Govt Natl Mtg Asso 3.5% ........................... 2.69 US Treasury Bond 2.875% ..........................1.78 US Treasury Bond 6.25% ............................1.73 FHLMC 3.5% ...............................................1.60 New Zealand(Govt) 3% ............................... 1.39 US Treasury Bond 3.875% ..........................1.35 Franklin Short Duration US Govt ETF ..........1.09 Total 23.57%

Publication Date 1Q 2016

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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

Publication Date 1Q 2016

Ve

Invesco International Growth 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

Foreign securities have additional risks, including exchange rate changes, political and economic upheaval, the relative lack of information about these companies, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards. Investing in emerging markets involves greater risk and potential reward than investing in more established markets.

_Volatility Prof le i

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

_Portfolio Statistics As of 9/30/2015

Inception Date: 4/7/1992 Net Assets ($ in millions): $8,307.98 Number of Stock Holdings: 74

Investment Advisor: Invesco Advisers, Inc. Portfolio Manager: Team Managed

The investment seeks long-term growth of capital. The fund invests primarily in equity securities and depositary receipts of foreign issuers. It will provide exposure to investments that are economically tied to at least three different countries outside of the U.S. The fund may also invest up to 1.25 times the amount of the exposure to emerging markets countries in the MSCI All Country World ex-U.S. Growth Index. The fund invests primarily in the securities of large-capitalization issuers; however, the fund may invest a significant amount of its net assets in the securities of mid-capitalization issuers.

VRU Code: 192

Morningstar Category Foreign Large Growth

As of 9/30/2015

Asset Allocation % Assets

Stock ...........................................................0.00 Foreign Stock ............................................95.34 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................4.65 Other ........................................................... 0.00 Total 99.99% Largest Holdings % Assets

Sky PLC ...................................................... 3.52 RELX PLC ................................................... 2.66 Teva Pharmaceutical Industries Ltd ADR .... 2.44 British American Tobacco PLC ....................2.41 WPP PLC .................................................... 2.37 CK Hutchison Holdings Ltd .........................2.09 Deutsche Boerse AG ................................... 2.05 Publicis Groupe SA ..................................... 2.00 CGI Group Inc Class A ................................ 1.93 Avago Technologies Ltd .............................. 1.91 Total 23.38% Diversification % Assets

United Kingdom ........................................ 21.51 Switzerland ................................................. 9.75 Germany ..................................................... 8.21 Japan .......................................................... 7.09 Canada ........................................................ 7.03 China ...........................................................6.52 Australia ......................................................4.44 Sweden ....................................................... 4.12 France ......................................................... 3.11 Brazil ........................................................... 3.07 Total 74.85%

Publication Date 1Q 2016

Ve

Invesco Real Estate 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

Investing in a single-sector mutual fund involves greater risk and potential reward than investing in a more diversified fund. The fund invests substantial assets in real estate investment trusts (REITs) that involve risks not associated with investing in stocks. The fund can invest up to 25% of its assets in foreign securities that involve risks not associated with investing solely in the United States. Rising interest rates will affect the performance of the fund’s investments in debt securities. Investing in small and mid-sized companies involves greater risks not associated with investing in more established companies, such as business risk, significant stock price fluctuations and illiquidity.

_Volatility Prof le i

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

_Portfolio Statistics As of 9/30/2015

Inception Date: 12/31/1996 Net Assets ($ in millions): $2,021.34 Number of Stock Holdings: 43

Investment Advisor: Invesco Advisers, Inc. Investment Sub Advisor: Invesco Asset Management

Ltd Portfolio Manager: Team Managed

The investment seeks total return through growth of capital and current income. The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of real estate and real estate-related issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. It may also invest in debt securities, including corporate debt obligations and commercial mortgage-backed securities. The fund may invest up to 10% of its net assets in non-investment grade debt securities (commonly known as "junk bonds") of real estate and real estate-related issuers.

VRU Code: 400

Morningstar Category Real Estate

As of 9/30/2015

Asset Allocation % Assets

Stock .........................................................97.91 Foreign Stock ..............................................0.00 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................1.63 Other ........................................................... 0.46 Total 100.00% Largest Holdings % Assets

Simon Property Group Inc ........................10.04 AvalonBay Communities Inc ....................... 7.36 American Tower Corp ..................................4.79 Prologis Inc .................................................4.70 Federal Realty Investment Trust ..................4.09 Boston Properties Inc ................................. 3.76 Ventas Inc ................................................... 3.62 Equinix Inc .................................................. 3.45 Public Storage .............................................3.34 Crown Castle International Corp ................. 3.20 Total 48.35% Diversification % Assets

Basic Materials ............................................2.38 Consumer Cyclical ...................................... 1.22 Financial Services ....................................... 0.00 Real Estate ................................................ 88.24 Consumer Defensive ................................... 0.00 Healthcare ................................................... 0.00 Utilities ........................................................0.00 Communication Services ............................ 8.17 Energy .........................................................0.00 Industrials ................................................... 0.00 Technology ..................................................0.00 Total 100.01%

Publication Date 1Q 2016

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. © 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 5/15/2006 Net Assets ($ in millions): $6,089.95

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 2016-2020

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................35.44 Foreign Stock ............................................15.34 Bond ......................................................... 37.48 Foreign Bond ...............................................5.72 Preferred ..................................................... 0.07 Convertible ..................................................0.06 Cash ............................................................5.45 Other ........................................................... 0.44 Total 100.00% Largest Holdings % Assets

JPMorgan Core Bond R6 .......................... 28.31 JPMorgan Disciplined Equity R6 ...............11.36 JPMorgan Corporate Bond R6 ....................6.43 JPMorgan High Yield R6 .............................6.05 JPMorgan Growth Advantage R6 ................4.80 JPMorgan Intrepid America R6 ...................4.42 JPMorgan Value Advantage Instl ................ 4.29 JPMorgan Realty Income R6 ...................... 4.13 JPMorgan US Equity R6 ............................. 4.03 JPMorgan International Equity R6 .............. 3.82 Total 77.64% Diversification % Assets

Basic Materials ............................................3.28 Consumer Cyclical .................................... 13.82 Financial Services ..................................... 17.56 Real Estate ................................................ 10.94 Consumer Defensive ................................... 6.95 Healthcare ................................................. 12.22 Utilities ........................................................2.43 Communication Services ............................ 3.01 Energy .........................................................4.86 Industrials ................................................... 8.97 Technology ................................................15.96 Total 100.00%

Publication Date 1Q 2016

Ve

JPMorgan SmartRetirement 2030 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 5/15/2006 Net Assets ($ in millions): $6,051.27

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 2030 (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: 923

Morningstar Category Target Date 2026-2030

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................49.11 Foreign Stock ............................................20.34 Bond ......................................................... 21.49 Foreign Bond ...............................................3.39 Preferred ..................................................... 0.06 Convertible ..................................................0.05 Cash ............................................................5.14 Other ........................................................... 0.41 Total 99.99% Largest Holdings % Assets

JPMorgan Disciplined Equity R6 ...............16.05 JPMorgan Core Bond R6 .......................... 15.40 JPMorgan Growth Advantage R6 ................6.50 JPMorgan High Yield R6 .............................6.49 JPMorgan Value Advantage Instl ................ 6.06 JPMorgan Intrepid America R6 ...................5.96 JPMorgan US Equity R6 ............................. 5.95 JPMorgan Realty Income R6 ...................... 5.15 JPMorgan International Equity R6 .............. 5.12 JPMorgan Intrepid International R6 ............5.07 Total 77.75% Diversification % Assets

Basic Materials ............................................3.28 Consumer Cyclical .................................... 13.97 Financial Services ..................................... 17.62 Real Estate ................................................ 10.24 Consumer Defensive ................................... 6.98 Healthcare ................................................. 12.36 Utilities ........................................................2.48 Communication Services ............................ 3.04 Energy .........................................................4.90 Industrials ................................................... 9.07 Technology ................................................16.06 Total 100.00%

Publication Date 1Q 2016

Ve

JPMorgan SmartRetirement 2040 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 5/15/2006 Net Assets ($ in millions): $4,272.65

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 2040 (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: 925

Morningstar Category Target Date 2036-2040

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................57.09 Foreign Stock ............................................24.80 Bond ......................................................... 10.89 Foreign Bond ...............................................1.97 Preferred ..................................................... 0.06 Convertible ..................................................0.04 Cash ............................................................4.77 Other ........................................................... 0.39 Total 100.01% Largest Holdings % Assets

JPMorgan Disciplined Equity R6 ...............17.80 JPMorgan Growth Advantage R6 ................7.65 JPMorgan Intrepid America R6 ...................7.40 JPMorgan US Equity R6 ............................. 7.13 JPMorgan Value Advantage Instl ................ 7.07 JPMorgan International Opps R6 ................6.11 JPMorgan Intrepid International R6 ............6.06 JPMorgan International Equity R6 .............. 6.05 JPMorgan Realty Income R6 ...................... 6.04 JPMorgan High Yield R6 .............................5.89 Total 77.20% Diversification % Assets

Basic Materials ............................................3.31 Consumer Cyclical .................................... 13.93 Financial Services ..................................... 17.72 Real Estate ................................................ 10.21 Consumer Defensive ................................... 7.01 Healthcare ................................................. 12.33 Utilities ........................................................2.46 Communication Services ............................ 3.02 Energy .........................................................4.90 Industrials ................................................... 9.05 Technology ................................................16.06 Total 100.00%

Publication Date 1Q 2016

Ve

JPMorgan SmartRetirement 2050 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 7/31/2007 Net Assets ($ in millions): $2,027.72

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 2050 (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: 927

Morningstar Category Target Date 2046-2050

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................57.02 Foreign Stock ............................................24.74 Bond ......................................................... 10.95 Foreign Bond ...............................................1.99 Preferred ..................................................... 0.06 Convertible ..................................................0.04 Cash ............................................................4.81 Other ........................................................... 0.39 Total 100.00% Largest Holdings % Assets

JPMorgan Disciplined Equity R6 ...............17.74 JPMorgan Growth Advantage R6 ................7.68 JPMorgan Intrepid America R6 ...................7.34 JPMorgan US Equity R6 ............................. 7.18 JPMorgan Value Advantage Instl ................ 7.07 JPMorgan International Equity R6 .............. 6.13 JPMorgan Realty Income R6 ...................... 6.12 JPMorgan Intrepid International R6 ............6.12 JPMorgan High Yield R6 .............................6.02 JPMorgan International Opps R6 ................5.98 Total 77.38% Diversification % Assets

Basic Materials ............................................3.31 Consumer Cyclical .................................... 13.93 Financial Services ..................................... 17.68 Real Estate ................................................ 10.29 Consumer Defensive ................................... 7.00 Healthcare ................................................. 12.33 Utilities ........................................................2.44 Communication Services ............................ 3.02 Energy .........................................................4.89 Industrials ................................................... 9.04 Technology ................................................16.05 Total 99.98%

Publication Date 1Q 2016

Ve

MFS New Discovery 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.

_Risk/Return Spectrum

Stable Value/Money Market Bonds Asset Allocation

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

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

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 1/2/1997 Net Assets ($ in millions): $1,112.13 Number of Stock Holdings: 123

Investment Advisor: Massachusetts Financial Services Co

Portfolio Manager: Thomas H. Wetherald

The investment seeks capital appreciation. The fund normally invests the fund's assets primarily in 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. MFS focuses on investing the fund's assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies).

Large

Mid

Small

Value Blend Growth

VRU Code: 208

Morningstar Category Small Growth

Morningstar Style Box

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................90.42 Foreign Stock ..............................................5.99 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................2.83 Other ........................................................... 0.76 Total 100.00% Largest Holdings % Assets

Bright Horizons Family Solutions Inc ..........3.15 Gartner Inc Class A ..................................... 2.58 SS&C Technologies Holdings Inc ................2.06 Healthcare Services Group Inc ....................2.02 Masimo Corp .............................................. 1.80 Ametek Inc ..................................................1.79 Sabre Corp ..................................................1.74 STERIS PLC ................................................ 1.68 Cvent Inc .....................................................1.66 Live Nation Entertainment Inc .....................1.66 Total 20.14% Diversification % Assets

Basic Materials ............................................5.52 Consumer Cyclical .................................... 21.00 Financial Services ....................................... 3.94 Real Estate .................................................. 1.24 Consumer Defensive ................................... 6.39 Healthcare ................................................. 24.36 Utilities ........................................................0.00 Communication Services ............................ 0.00 Energy .........................................................1.88 Industrials ................................................. 14.43 Technology ................................................21.24 Total 100.00%

Publication Date 1Q 2016

Ve

Nuveen Equity Index 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 12/14/1992 Net Assets ($ in millions): $706.79 Number of Stock Holdings: 502

Investment Advisor: Nuveen Fund Advisors, LLC. Investment Sub Advisor: Nuveen Asset Management,

LLC Portfolio Manager: Walter A. French

David Friar

The investment seeks to provide investment results that correspond to the performance of the Standard & Poor's 500® Index. Under normal market conditions, the fund invests at least 90% of the sum of its net assets and the amount of any borrowings for investment purposes in common stocks included in the S&P 500 Index. The S&P 500 Index is an unmanaged market-value weighted index consisting of 500 stocks chosen for market size, liquidity, sector performance and other factors.

Large

Mid

Small

Value Blend Growth

VRU Code: 623

Morningstar Category Large Blend

Morningstar Style Box

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................95.10 Foreign Stock ..............................................0.71 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................4.20 Other ........................................................... 0.00 Total 100.01% Largest Holdings % Assets

Apple Inc .....................................................3.20 Microsoft Corp ............................................2.36 Exxon Mobil Corporation ............................ 1.73 General Electric Co ......................................1.62 Johnson & Johnson ....................................1.51 Amazon.com Inc ......................................... 1.38 Wells Fargo & Co ........................................ 1.35 Berkshire Hathaway Inc Class B ................. 1.32 JPMorgan Chase & Co ................................1.30 Facebook Inc Class A ..................................1.26 Total 17.03% Diversification % Assets

Basic Materials ............................................2.66 Consumer Cyclical .................................... 11.27 Financial Services ..................................... 15.18 Real Estate .................................................. 2.18 Consumer Defensive ................................... 9.92 Healthcare ................................................. 15.58 Utilities ........................................................2.96 Communication Services ............................ 4.18 Energy .........................................................6.47 Industrials ................................................. 10.97 Technology ................................................18.63 Total 100.00%

Publication Date 1Q 2016

Ve

Nuveen Mid Cap Growth Opps 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

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 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 12/31/2015

Inception Date: 1/9/1995 Net Assets ($ in millions): $982.21 Number of Stock Holdings: 81

Investment Advisor: Nuveen Fund Advisors, LLC. Investment Sub Advisor: Nuveen Asset Management,

LLC Portfolio Manager: Team Managed

The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in common stocks of mid-capitalization companies. Mid-capitalization companies are defined as companies that have market capitalizations within the market capitalization range of the companies in the Russell Midcap® Index on the last business day of the month in which its most recent reconstitution was completed.

Large

Mid

Small

Value Blend Growth

VRU Code: 624

Morningstar Category Mid-Cap Growth

Morningstar Style Box

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................95.34 Foreign Stock ..............................................4.66 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................0.01 Other ........................................................... 0.00 Total 100.01% Largest Holdings % Assets

Monster Beverage Corp .............................. 2.44 McGraw Hill Financial Inc ........................... 2.06 Electronic Arts Inc .......................................2.05 Delphi Automotive PLC ............................... 1.93 Fidelity National Information Services Inc ...1.92 Sherwin-Williams Co ...................................1.88 Jarden Corp ................................................ 1.86 Advance Auto Parts Inc ...............................1.81 Crown Castle International Corp ................. 1.77 Ross Stores Inc .......................................... 1.76 Total 19.48% Diversification % Assets

Basic Materials ............................................5.46 Consumer Cyclical .................................... 28.25 Financial Services ....................................... 5.92 Real Estate .................................................. 0.00 Consumer Defensive ................................... 5.46 Healthcare ................................................. 17.01 Utilities ........................................................0.00 Communication Services ............................ 2.75 Energy .........................................................0.00 Industrials ................................................. 14.46 Technology ................................................20.70 Total 100.01%

Publication Date 1Q 2016

Ve

Oppenheimer Developing Markets 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 11/18/1996 Net Assets ($ in millions): $26,427.45 Number of Stock Holdings: 92

Investment Advisor: OFI Global Asset Management, Inc.

Investment Sub Advisor: OppenheimerFunds Inc Portfolio Manager: Justin Leverenz

The investment seeks capital appreciation. The fund mainly invests in common stocks of issuers in developing and emerging markets throughout the world and at times it may invest up to 100% of its total assets in foreign securities. Under normal market conditions, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in a developing market, i.e. are in a developing market or are economically tied to a developing market country. The fund will invest in at least three developing markets.

VRU Code: 410

Morningstar Category Diversified Emerging Mkts

As of 12/31/2015

Asset Allocation % Assets

Stock ...........................................................0.99 Foreign Stock ............................................94.51 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.40 Convertible ..................................................0.00 Cash ............................................................3.22 Other ........................................................... 0.87 Total 99.99% Largest Holdings % Assets

Housing Development Finance Corp Ltd .....4.55 Tencent Holdings Ltd .................................. 4.06 Alibaba Group Holding Ltd ADR ................. 3.72 Magnit PJSC ............................................... 3.14 Baidu Inc ADR .............................................3.14 Infosys Ltd ..................................................2.90 JD.com Inc ADR ......................................... 2.85 Ctrip.com International Ltd ADR .................2.57 Taiwan Semiconductor Manufacturing Co Ltd 2.28 OAO Novatek GDR ...................................... 2.09 Total 31.30% Diversification % Assets

China .........................................................26.93 India ..........................................................16.48 Brazil ........................................................... 7.26 Russia ......................................................... 6.93 Mexico ........................................................ 6.89 Hong Kong ..................................................4.70 Philippines .................................................. 3.07 United Kingdom .......................................... 2.73 Taiwan .........................................................2.28 France ......................................................... 2.22 Total 79.49%

Publication Date 1Q 2016

Ve

Oppenheimer Gold & Special Minerals 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

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

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 7/19/1983 Net Assets ($ in millions): $713.03 Number of Stock Holdings: 81

Investment Advisor: OFI Global Asset Management, Inc.

Investment Sub Advisor: OppenheimerFunds Inc Portfolio Manager: Shanquan Li

The investment seeks capital appreciation. The fund invests mainly in common stocks of companies that are involved in mining, processing or dealing in gold or other metals or minerals, gold bullion, other physical metals, and precious metals-related ETFs and may invest all of its assets in those securities. Under normal market conditions, at least 80% of the fund's net assets will be invested in those securities. It can also invest up to 25% of its total assets in the Oppenheimer Gold & Special Minerals Fund (Cayman) Ltd., which is a wholly-owned and controlled subsidiary of the fund (the "Subsidiary"). The fund is non-diversified.

VRU Code: 650

Morningstar Category Equity Precious Metals

As of 12/31/2015

Asset Allocation % Assets

Stock ...........................................................9.46 Foreign Stock ............................................87.69 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................2.86 Other ........................................................... 0.00 Total 100.01% Largest Holdings % Assets

Fresnillo PLC ...............................................6.36 Goldcorp Inc ............................................... 5.96 Randgold Resources Ltd ADR .................... 5.84 Agnico Eagle Mines Ltd .............................. 4.60 Royal Gold Inc ............................................ 4.45 Newmont Mining Corp ................................4.39 Tahoe Resources Inc ...................................3.82 Newcrest Mining Ltd ...................................3.39 Northern Star Resources Ltd ...................... 2.94 Eldorado Gold Corp .....................................2.89 Total 44.64% Diversification % Assets

Basic Materials ........................................100.00 Consumer Cyclical ...................................... 0.00 Financial Services ....................................... 0.00 Real Estate .................................................. 0.00 Consumer Defensive ................................... 0.00 Healthcare ................................................... 0.00 Utilities ........................................................0.00 Communication Services ............................ 0.00 Energy .........................................................0.00 Industrials ................................................... 0.00 Technology ..................................................0.00 Total 100.00%

Publication Date 1Q 2016

Ve

Pioneer Strategic 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

When interest rates rise, the prices of fixed income securities in the fund will generally fall. Conversely, when interest rates fall, the prices of fixed income securities in the fund will generally rise. Investments in the fund are subject to possible loss due to the financial failure of underlying securities and their inability to meet their debt obligations. Prepayment risk is the chance that mortgage backed bonds will be paid off early if falling interest rates prompt homeowners to refinance their mortgages. Forced to reinvest the unanticipated proceeds at lower interest rates, the fund would experience a decline in income and lose the opportunity for additional price appreciation associated with falling interest rates. Investments in high yield or lower-rated securities are subject to greater-than-average risk. The securities issued by U.S. Government sponsored entities (i.e., FNMA, Freddie Mac) are neither guaranteed nor issued by the U.S. Government.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 4/15/1999 Net Assets ($ in millions): $6,382.52 Number of Bond Holdings: 1386

Number of Stock Holdings: 2 Investment Advisor: Pioneer Investment Mgmt Inc Portfolio Manager: Kenneth J. Taubes

The investment seeks a high level of current income. The fund normally invests at least 80% of net assets in debt securities. It invests primarily in debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities or non-U.S. governmental entities; debt securities of U.S. and non-U.S. corporate issuers (including convertible debt); and mortgage-related securities, including "sub-prime" mortgages, and asset-backed securities. The fund invests in securities with a broad range of maturities and maintains an average portfolio maturity which varies based upon the judgment of the fund's investment adviser.

VRU Code: 547

Morningstar Category Multisector Bond

As of 12/31/2015

Asset Allocation % Assets

Stock ...........................................................0.03 Foreign Stock ..............................................0.00 Bond ......................................................... 67.27 Foreign Bond .............................................24.28 Preferred ..................................................... 2.51 Convertible ..................................................1.89 Cash ............................................................1.74 Other ........................................................... 2.28 Total 100.00% Largest Holdings % Assets

US Treasury Note ........................................2.60 US Treasury Bond ....................................... 1.70 Norway(Kingdom Of) 4.25% .......................1.14 Australia(Cmnwlth) 3.25% ..........................1.01 FNMA 5% ....................................................0.71 FNMA 3.5% .................................................0.58 Wells Fargo & Co, San Francisco Ca Pfd .... 0.56 Jpmorgan Chase FRN ................................. 0.55 Govt Natl Mtg Asso 3.5% ........................... 0.54 FNMA 5% ....................................................0.54 Total 9.93%

Publication Date 1Q 2016

Ve

The Hartford Equity 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 8/28/2003 Net Assets ($ in millions): $3,379.28 Number of Stock Holdings: 66

Investment Advisor: Hartford Funds Management Company, LLC

Investment Sub Advisor: Wellington Management Company LLP

Portfolio Manager: Team Managed

The investment seeks a high level of current income consistent with growth of capital. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities. It invests primarily in equity securities of companies with market capitalizations above $2 billion. At the time of investment, every equity security in which the fund invests must pay a dividend or be expected to pay a dividend within the next 12 months. It may invest up to 20% of its net assets in the securities of foreign issuers and non-dollar securities.

Large

Mid

Small

Value Blend Growth

VRU Code: 587

Morningstar Category Large Value

Morningstar Style Box

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................83.85 Foreign Stock ............................................12.01 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................2.94 Other ........................................................... 1.20 Total 100.00% Largest Holdings % Assets

Microsoft Corp ............................................4.02 Wells Fargo & Co ........................................ 3.86 JPMorgan Chase & Co ................................3.44 Home Depot Inc ..........................................3.36 Johnson & Johnson ....................................3.11 Merck & Co Inc ...........................................2.88 Cisco Systems Inc ...................................... 2.69 General Electric Co ......................................2.63 PNC Financial Services Group Inc ...............2.62 Marsh & McLennan Companies Inc ............2.50 Total 31.11% Diversification % Assets

Basic Materials ............................................1.60 Consumer Cyclical ...................................... 6.15 Financial Services ..................................... 25.26 Real Estate .................................................. 0.00 Consumer Defensive ................................... 7.42 Healthcare ................................................. 13.04 Utilities ........................................................8.73 Communication Services ............................ 1.87 Energy .......................................................10.83 Industrials ................................................. 13.09 Technology ................................................12.00 Total 99.99%

Publication Date 1Q 2016

Ve

The Hartford International Opportunities 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.

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

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.

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 7/22/1996 Net Assets ($ in millions): $1,735.44 Number of Stock Holdings: 94

Investment Advisor: Hartford Funds Management Company, LLC

Investment Sub Advisor: Wellington Management Company LLP

Portfolio Manager: Nicolas Choumenkovitch

The investment seeks long-term growth of capital. The fund normally invests at least 65% of its net assets in stocks issued by non-U.S. companies that trade in foreign markets that are generally considered to be well established. It may invest up to the greater of 25% or the weight of emerging markets in the MSCI All Country World ex USA Index ("MSCI AC World ex USA Index") plus 10% of its net assets in companies domiciled in emerging markets.

VRU Code: 216

Morningstar Category Foreign Large Blend

As of 12/31/2015

Asset Allocation % Assets

Stock ...........................................................1.76 Foreign Stock ............................................92.11 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................5.48 Other ........................................................... 0.65 Total 100.00% Largest Holdings % Assets

Sky PLC ...................................................... 2.66 AstraZeneca PLC .........................................2.56 Novartis AG .................................................2.47 ONO Pharmaceutical Co Ltd ....................... 2.44 Taiwan Semiconductor Manufacturing Co Ltd 2.38 BNP Paribas ................................................2.12 Essilor International SA ...............................2.07 Beiersdorf AG ..............................................2.02 Smith & Nephew PLC ................................. 1.98 Vonovia SE ..................................................1.92 Total 22.62% Diversification % Assets

Japan ........................................................ 16.26 France ....................................................... 12.28 United Kingdom ........................................ 10.90 Switzerland ................................................. 6.67 China ...........................................................6.21 Canada ........................................................ 6.17 Germany ..................................................... 5.95 Italy ............................................................. 4.99 India ............................................................4.94 Netherlands .................................................4.14 Total 78.51%

Publication Date 1Q 2016

Ve

Victory Sycamore Small Company Opportunity 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.

_Risk/Return Spectrum

Stable Value/Money Market Bonds Asset Allocation

BalancedLarge Cap Mid Cap Small Cap International/

GlobalSpecialty

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

_Volatility Prof le i

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

_Portfolio Statistics As of 12/31/2015

Inception Date: 3/26/1999 Net Assets ($ in millions): $2,683.11 Number of Stock Holdings: 100

Investment Advisor: Victory Capital Management Inc.

Portfolio Manager: Gary H. Miller Gregory Conners

The investment seeks capital appreciation. 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

Morningstar Style Box

As of 12/31/2015

Asset Allocation % Assets

Stock .........................................................94.46 Foreign Stock ..............................................1.44 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................4.10 Other ........................................................... 0.00 Total 100.00% Largest Holdings % Assets

EMCOR Group Inc .......................................2.03 Sterling Bancorp ......................................... 1.83 Owens & Minor Inc .....................................1.76 Columbia Banking System Inc .................... 1.73 Brown & Brown Inc .................................... 1.71 F N B Corp .................................................. 1.70 Eagle Bancorp Inc ....................................... 1.65 Barnes Group Inc ........................................1.64 Anixter International Inc ..............................1.52 Old National Bancorp .................................. 1.49 Total 17.06% Diversification % Assets

Basic Materials ............................................7.77 Consumer Cyclical ...................................... 8.59 Financial Services ..................................... 22.36 Real Estate .................................................. 3.46 Consumer Defensive ................................... 3.14 Healthcare ................................................... 9.09 Utilities ........................................................4.62 Communication Services ............................ 0.01 Energy .........................................................3.78 Industrials ................................................. 24.26 Technology ................................................12.92 Total 100.00%

Publication Date 1Q 2016

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B4452b 1110

Privacy Notice

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© 2015 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.