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YOUR GUIDE TO GETTING STARTED

Mayo Clinic 403(b) and 401(k) Plans

Invest in your retirement—and yourself—today, with help from

Mayo Clinic and Fidelity.

Invest some of what you earn today for what you plan toaccomplish tomorrow.

Dear eligible employee:

It is our pleasure to let you know you are eligible to enroll in the Mayo Clinic 403(b)/401(k) Plan.Once enrolled you will also be automatically enrolled in the Financial Engines® ProfessionalManagement Program. Take a look and see what a difference the plan could make in achievingyour goals.

If you wish to decline enrollment in the Financial Engines® Professional Management program,you will be able to do so once you receive instructions from Financial Engines.

Benefit from:

Roth 403(b)/401(k) contributions. A Roth contribution to your retirement savings plan allows youto make after-tax contributions and take any associated earnings completely tax free atretirement—as long as the distribution is a qualified one.

Retirement planning tools. You have access to online tools designed to help you manage yourassets as you plan for retirement.

Convenience. Your contributions are automatically deducted regularly from your paycheck.

Tax savings now. Your pretax contributions are deducted from your pay before income taxes aretaken out. This means that you can actually lower the amount of current income taxes you pay eachperiod. It could mean more money in your take-home pay versus saving money in ataxable account.

Online beneficiary. With Fidelity’s Online Beneficiaries Service, you can designate yourbeneficiaries, receive instant online confirmation, and check your beneficiary information virtuallyany time.

Catch-up contributions. If you make the maximum contribution to your plan account, and you are50 years of age or older during the calendar year, you can make an additional “catch-up”contribution of $6,000 in 2018.

Personalized mix of investments. Your account receives personalized, ongoing management fromthe team of investment professionals at Financial Engines Advisors, L.L.C., an independentinvestment advisor. A menu of investment options is available if your prefer to create your own mixof investments.

To learn more about what your plan offers, see “Frequently asked questions about your plan” laterin this guide.

Participate in your plan and invest in yourself today.

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Frequently asked questions about your plan.Here are answers to questions you may have about the key features, benefits, and rules of your plan.

When can I enroll in the Plan?

There is no waiting period. You can enroll inthe Plan at any time.

Once your account balance reaches aminimum of $5, you will receive informationfrom Financial Engines regarding theirProfessional Management program. At thattime you will be automatically enrolled in theProfessional Management program unless youproactively decline.

How do I enroll in the Plan?

Log on to Fidelity NetBenefits® atwww.netbenefits.com/Mayo or call the FidelityRetirement Services Center at 1-800-343-0860to enroll in the Plan.

What is the Roth contribution option?

A Roth contribution to your retirement savingsplan allows you to make after-tax contributionsand take any associated earnings completelytax free at retirement—as long as thedistribution is a qualified one. A qualifieddistribution, in this case, is one that is taken atleast 5 tax years after your first Roth 403(b)401(k) contribution and after you have attainedage 59½, or become disabled or die.

Through automatic payroll deduction you cancontribute between 1% and 50% of youreligible pay as designated Roth contributions,up to the annual IRS dollar limits.

For more information please log on toNetBenefits® at www.fidelity.com/atwork/roth.

How much can I contribute?

Through automatic payroll deduction, you cancontribute between 1% and 50% of youreligible pay on a pretax basis, up to the annualIRS dollar limits. In addition, you canautomatically increase your retirement savingsplan contributions each year through theAnnual Increase Program. You can sign up bylogging on to Fidelity NetBenefits® atwww.netbenefits.com/Mayo and clicking on"Contributions" or by calling 1-800-343-0860.Note: If you are a highly compensatedemployee, as defined by plan rules, you maycontribute up to 4% of pay.

What are the IRS contribution limits?

If you are under age 50, the IRS contributionlimit for 2017 is $18,000. The aggregate of bothpre-tax and Roth 401(k)/403(b) contributionsare subject to the annual IRS dollar limit. If youwill be at least age 50 during the year, yourplan may allow you to defer an additional$6,000 as catch-up contributions.

When is my enrollment effective?

Your enrollment becomes effective once youelect a deferral percentage with Fidelity, whichinitiates deduction of your contributions fromyour pay. These salary deductions will generallybegin with your next pay period after wereceive your enrollment information fromFidelity, or as soon as administratively possible.

How do I designate my beneficiary?

If you have not already selected yourbeneficiaries, or if you have experienced a life-changing event such as a marriage, divorce,birth of a child, or a death in the family, it’s timeto consider your beneficiary designations.

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Fidelity’s Online Beneficiaries Service, availablethrough Fidelity NetBenefits®, offers astraightforward, convenient process that takesjust minutes. Simply log on to NetBenefits® atwww.netbenefits.com/Mayo and click on the“Profile” link, then select “Beneficiaries” andfollow the online instructions. If you do nothave access to the Internet or prefer tocomplete your beneficiary information bypaper form, please call the Fidelity RetirementServices Center at 1-800-343-0860.

Three approaches to investing

To help make your investment selection easier,you may want to consider which of these threeapproaches to investing may work best for you.The approaches vary and are targeted toinvestors with different levels of investmentexperience. They are also targeted to the levelof involvement you want in managing yourinvestment mix. Remember, any of theinvestment options described in this brochureare available to you at any time.

What if I don’t make an investmentelection?

If you do not make an investment optionelection for your contributions, at the directionof the Plan Sponsor they will be invested in theFidelity Freedom® Index Fund - InstitutionalPremium Class with the target retirement dateclosest to the year you might retire, based onyour current age and assuming a retirementage of 65, as indicated in the chart on page 5.

If you wish to have your contributions investeddifferently, simply log on to FidelityNetBenefits® at www.netbenefits.com/Mayo orcall the Fidelity Retirement Services line at1-800-343-0860 to set up your preferred assetallocation.

A complete description of the Plan’sinvestment options and their performance, aswell as planning tools to help you choose anappropriate mix, are available online at FidelityNetBenefits®.

Tier 1: Target Date Funds

I understand the importance of asset allocationand diversification but feel more comfortablewith a single-fund approach.

What are the single fund solution options inmy plan?

If the idea of getting professional help tomanage your investments appeals to you, yourplan offers Target Date Funds. With TargetDate Funds, the investment mix of stocks andbonds automatically becomes moreconservative as the target retirement dateapproaches. Principal invested is notguaranteed at any time, including at or afterthe fund’s target date. Choose the fund thatrepresents your anticipated year of retirement.

Tier 2: Core Investment Options

I understand the importance of assetallocation. However, I appreaciate selecting myinvestments from a carefully chosen lineup ofinvestments.

● With this approach you determine andmaintain the mix of investments in your planaccount.

● A carefully selected lineup of 15 investmentoptions is featured in this level. Theseoptions provide you with a broad range ofchoices to help create a diversified portolio.

● These options include a guaranteedinvestment contract,* four passive indexoptions, and 10 actively managed options.

*Guarantees are subject to the cliams-paying ability of the issuing insurancecompany.

Tier 3: Expanded Investment Options

I am comfortable managing my own mix ofinvestment options and understand how toresearch, evaluate, and monitor a widevariety of funds with different risk and returncharacteristics.

● With this approach you determine andmaintain the mix of investments in your Planaccount - but you are choosing form morethan 40 investment options representing a

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variety of investment styles through FidelityInvestments and many other investmentcompanies.

Is there a self-directed brokerage optionin my plan?

For those desiring the most investmentflexibility and choice, the Mayo Clinic 401(k)Plan offers a self-directed brokerage option,which gives you access to individual stocksand bonds as well as many other mutualfunds. A complete description of the Plan’sinvestment options and their performance,as well as planning tools to help you choosean appropriate mix, are available online atFidelity NetBenefits®.

How does Financial Engines work?

Your plan offers you independent, objectiveinvestment advice and management fromFinancial Engines Advisors L.L.C., anindependent registered investment adviser.

For new plan participants, Mayo hasselected the Professional Managementprogram to provide ongoing, professionalaccount management.

When you choose ProfessionalManagement, the Financial Engines financialresearch team researches and analyzes theoptions available in your plan to create acustomized investment strategy. FinancialEngines monitors your portfolio on anongoing basis, making adjustments asneeded to keep your portfolio properlydiversified and on track. There is amanagement fee for this service. The annualmanagement fee is 0.30% of your programaccount balance above $5,000. The fee isdeducted directly from your accountbalance. Please call 1-877-401-5762 formore information. You will receiveinformation directly from Financial Enginesregarding the Professional Managementprogram. If you decline to participate in theProfessional Management program afterreceiving the materials, you will beresponsible for managing your investmentsin the plan.

To help employees who want to activelymanage their accounts, your plan also offersthe Financial Engines Online Advice service.This web site offers objective, professionaladvice to help you refine your investmentstrategy. Online Advice is available at noadditional cost. You can log in for apersonalized forecast and a step-by-stepaction plan with specific fundrecommendations.

In addition, members 60 years of age andolder have access to Income+, a feature ofthe Professional Management program.Once you sign up for this enhanced service,Financial Engines advisors can help youcreate a holistic income plan for retirement.The service uses a liability-driven investingapproach to create a personalized portfoliothat can generate steady retirementpayouts. There is a management fee for thisservice.

Advisory services, including ProfessionalManagement and Online Advice, areprovided only by Financial Engines AdvisorsL.L.C., a federally registered investmentadvisor and wholly owned subsidiary ofFinancial Engines, Inc. Financial Engines isnot affiliated with Fidelity Investments or itsaffiliates. Financial Engines does notguarantee future results. Advisory servicesmay include a fee. For specific feeinformation please refer to the applicableterms and conditions.

How much should I save for retirement?

Fidelity’s planning tools are designed tohelp you manage your assets as you plan forretirement. Simply log on to FidelityNetBenefits® at www.netbenefits.com/Mayoto access these tools.

What "catch-up" contribution can I make?

If you have reached age 50 or will reach 50during the calendar year January 1 -December 31 and are making the maximumplan or IRS pretax contribution, you maymake an additional "catch-up" contributioneach pay period. The maximum annual

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catch-up contribution is $6,000. Goingforward, catch-up contribution limits will besubject to cost of living adjustments(COLAs) in $500 increments.

You make catch-up contributions throughpayroll deduction, the same way you makeregular contributions. If, at the end of thecalendar year, your pretax contributions donot exceed the Plan contribution limit or theIRS annual dollar limit, some or all of yourcatch-up contributions will berecharacterized as regular pretaxcontributions.

When am I vested?

You are always 100% vested in yourcontributions to the Plan.

Can I make withdrawals or take a loanfrom my account?

Loans are not permitted.

Withdrawals from the Plan are permittedwith you reach age 59½, terminateemployment, retire or become permanentlydisabled. Keep in mind that withdrawals aresubject to income taxes and possibly toearly withdrawal penalties.

The taxable portion of your withdrawal thatis eligible for rollover into an individualretirement account (IRA) or anotheremployer’s retirement plan is subject to 20%mandatory federal income tax withholding,unless it is rolled directly over to an IRA oranother employer plan. (You may owe moreor less when you file your income taxes.) Ifyou are under age 59½, the taxable portionof your withdrawal is also subject to a 10%early withdrawal penalty, unless you qualifyfor an exception to this rule. To learn moreabout and/or to request a withdrawal, logon to Fidelity NetBenefits® atwww.netbenefits.com/Mayo or call theFidelity Retirement Services line at1-800-343-0860. The plan document andcurrent tax laws and regulations will governin case of a discrepancy. Be sure youunderstand the tax consequences and your

plan’s rules for distributions before youinitiate a distribution. You may want toconsult your tax adviser about your situation.

When you leave the Employer, you canwithdraw contributions and any associatedearnings or, if your vested account balance isgreater than $1,000, you can leavecontributions and any associated earnings inthe Plan. After you leave the Employer, ifyour vested account balance is equal to orless than $1,000, it will automatically bedistributed to you.

Can I move money from anotherretirement plan into my account in theMayo Clinic 403(b)/401(k) Plan?

You are permitted to roll over eligible pretaxcontributions from another 401(k) plan,401(a) plan, 403(b) plan or a governmental457(b) retirement plan account or eligiblepretax contributions from conduit individualretirement accounts (IRAs). A conduit IRA isone that contains only money rolled overfrom an employer-sponsored retirementplan that has not been mixed with regularIRA contributions. Contact your FidelityInvestments Representative for details. Youshould consult your tax adviser and carefullyconsider the impact of making a rollovercontribution to your employer’s planbecause it could affect your eligibility forfuture special tax treatments.

Be sure to consider all your availableoptions and the applicable fees andfeatures of each before moving yourretirement assets.

How do I access my account?

You can access your account online throughFidelity NetBenefits® atwww.netbenefits.com/Mayo or call theFidelity Retirement Services Center at1-800-343-0860 to speak with arepresentative.

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Investment OptionsHere is a list of investment options for Mayo Clinic. For up-to-dateperformance information and other fund specifics, goto www.netbenefits.com/Mayo.

Tier 1: Target Date Funds

Placement of investment options within each risk spectrum is only in relation to the investment options within that specific spectrum. Placement does not reflect risk relative to the investmentoptions shown in the other risk spectrums.

ptions to the left have potentiallymore inflation risk and less investment risk

ptions to the right have potentially less inflation risk and more investment risk

Investment o Investment o

Fidelity Freedom® Index 2010 Fund -

Institutional Premium Class











Target date investments are generally designed for investors expecting to retire around the year indicated in each investment‘sname. The investments are managed to gradually become more conservative over time. The investment risks of each target dateinvestment change over time as its asset allocation changes. They are subject to the volatility of the financial markets, includingequity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, smallcap and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.

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The chart below lists the assigned fund Mayo Clinic believes will best fit your diversification needsshould you not select an investment option.

Your Birth Date* Fund Name Target Retirement Years

Before 1951 Fidelity Freedom® Index 2010 Fund -


Retired before 2016

January 1, 1951 - December 31, 1960 Fidelity Freedom® Index 2020 Fund -


Target Years 2016 - 2025










January 1, 1991 and later* Fidelity Freedom® Index 2060 Fund -


Target Years 2056 and beyond

*Dates selected by Plan Sponsor

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Tier 2: Core Investment Options

ft have potentially more inflation risk and less investment risk less inflation risk and more investment risk

CCONSEERVVATIIVE AGGRESSIVE

Investment options to the le Investment options to the right have potentially

SHORT-TERM INVESTMENT BOND STOCKS

Money Market Stable Value Bond Domestic Equities International/Global

Government

Fidelity®

InvestmentsMoney MarketGovernmentPortfolio -Institutional Class

TIAA GuaranteedAccount

Diversified

Fidelity® U.S. BondIndex Fund -InstitutionalPremium Class

Metropolitan WestTotal Return BondFund Class I

Large Value

VanguardWindsor™ II FundAdmiral™ Shares

Large Blend

VanguardInstitutional IndexFund InstitutionalPlus Shares

VanguardInstitutional TotalStock Market IndexFund InstitutionalPlus Shares

Mid Blend

Fidelity® ExtendedMarket Index Fund- InstitutionalPremium Class

Small Blend

Royce PennsylvaniaMutual FundInvestment Class

Large Growth

Fidelity®

Contrafund® -Class K

Mid Growth

Fidelity® Mid-CapStock Fund -Class K

Small Growth

Vanguard ExplorerFund AdmiralShares

Diversified

American FundsEuroPacific GrowthFund® Class R-5

American FundsNew PerspectiveFund® Class R-5

Dodge & CoxInternationalStock Fund

Fidelity®

International IndexFund - InstitutionalPremium Class

Emerging Markets

Fidelity® EmergingMarkets IndexFund - InstitutionalPremium Class

This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of thegeneral investment categories of the investment options and not on the actual security holdings, which can change frequently.Investment options in the Domestic Equity category are based on the options’ Morningstar categories as of 11/30/2017.Morningstar categories are based on a fund’s style as measured by its underlying portfolio holdings over the past three years andmay change at any time. These style calculations do not represent the investment options’ objectives and do not predict theinvestment options’ future styles. Investment options are listed in alphabetical order within each investment category. Riskassociated with the investment options can vary significantly within each particular investment category, and the relative risk ofcategories may change under certain economic conditions. For a more complete discussion of risk associated with the mutual fundoptions, please read the prospectuses before making your investment decision. The spectrum does not represent actual or impliedperformance.

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ft have potentially more inflation risk and less investment risk less inflation risk and more investment risk

CCONSEERVVATIIVE AGGRESSIVE

Investment options to the le Investment options to the right have potentially

SHORT-TERMINVESTMENT BOND STOCKS AND

BONDS STOCKS

Stable Value Bond Balanced/Hybrid Domestic Equities International/

Global Specialty

Hartford LifeInsuranceCompanyGeneral Account

International /Global

American FundsCapital WorldBond Fund®

Class R-6

TempletonGlobal BondFund AdvisorClass

Diversified

Dodge & CoxIncome Fund

PIMCO LowDuration FundInstitutionalClass

Vanguard Long-Term Bond IndexFundInstitutional PlusShares

Inflation-Protected

VanguardInflation-ProtectedSecurities FundInstitutionalShares

High Yield

Fidelity® Capital& Income Fund

CREF SocialChoice AccountClass R1

CREF StockAccountClass R1

Dodge & CoxBalanced Fund

Oakmark EquityAnd IncomeFund InvestorClass

VanguardLifeStrategyModerateGrowth FundInvestor Shares

VanguardWellesley®

Income FundAdmiral™ Shares

VanguardWellington™ Fund Admiral™ Shares

Large Value

American FundsWashingtonMutual InvestorsFund Class R-5

Dodge & CoxStock Fund

Mid Value

Fidelity® Low-Priced StockFund - Class K

Large Blend

Fidelity®

DividendGrowth Fund -Class K

Oakmark SelectFund InvestorClass

The HartfordCapitalAppreciationFund Class Y

Large Growth

American FundsThe GrowthFund ofAmerica®

Class R-6

VanguardPRIMECAP FundAdmiral Shares

Mid Growth

Baron GrowthFundInstitutionalShares

Small Growth

NeubergerBerman GenesisFundInstitutionalClass

T. Rowe PriceNew HorizonsFund

Diversified

American FundsCapital WorldGrowth andIncome Fund®

Class R-5

Dreyfus GlobalStock FundClass I

Oakmark GlobalFund InvestorClass

OakmarkInternationalFund InvestorClass

T. Rowe PriceInternationalDiscovery Fund IClass

Vanguard GlobalEquity FundInvestor Shares

Regional

T. Rowe PriceNew Asia Fund IClass

EmergingMarkets

GMO EmergingCountries SeriesFund Class R6

T. Rowe PriceNew Era Fund IClass

TIAA Real EstateAccountClass R1

Vanguard EnergyFund AdmiralShares

Vanguard HealthCare FundAdmiral Shares

VanguardPrecious MetalsAnd MiningFund InvestorShares

Vanguard REITIndex FundInstitutionalShares

This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of thegeneral investment categories of the investment options and not on the actual security holdings, which can change frequently.Investment options in the Domestic Equity category are based on the options’ Morningstar categories as of 11/30/2017.Morningstar categories are based on a fund’s style as measured by its underlying portfolio holdings over the past three years andmay change at any time. These style calculations do not represent the investment options’ objectives and do not predict theinvestment options’ future styles. Investment options are listed in alphabetical order within each investment category. Riskassociated with the investment options can vary significantly within each particular investment category, and the relative risk ofcategories may change under certain economic conditions. For a more complete discussion of risk associated with the mutual fundoptions, please read the prospectuses before making your investment decision. The spectrum does not represent actual or impliedperformance.

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Fidelity BrokerageLink®

Fidelity BrokerageLink® combines the convenience of your workplace retirement plan with the additional flexibility of a brokerage account. It gives you expanded investment choices to manage your retirement contributions.

e plan fiduciary neither evaluates nor monitors the investments available

you select are suitable for your situation, including your goals, time horizon, and risk tolerance. ee the fact sheet and commission schedule for applicablefees and risks.

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BrokerageLink® includes investments beyond those in your plan’s lineup

through BrokerageLink. It is your responsibility to ensure that the investments

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Investment OptionsBefore investing in any investment option, consider the investmentobjectives, risks, charges, and expenses. Contact Fidelity for a mutualfund or variable annuity prospectus or, if available, a summaryprospectus containing this information. Read it carefully.

American Funds Capital World Bond Fund® Class R-6

VRS Code: 85238

Fund Objective: The investment seeks to provide a high level of total return.

Fund Strategy: The fund will invest at least 80% of its assets in bonds and other debt securities. It invests primarily in debtsecurities, including asset-backed and mortgage-backed securities and securities of governmental, supranational andcorporate issuers denominated in various currencies, including U.S. dollars. The fund may invest substantially in securities ofissuers domiciled outside the United States, including issuers domiciled in developing countries. Normally, it will investsubstantially in investment-grade bonds. The fund is non-diversified.

Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. The fund may invest in lower-quality debt securities that involve greater risk of defaultor price changes due to potential changes in the credit quality of the issuer. In general the bond market is volatile, and fixedincome securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usuallymore pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks forboth issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding lossescaused by price volatility by holding them until maturity is not possible. Additional risk information for this product may befound in the prospectus or other product materials, if available.

Fund short term trading fees: None

Who may want to invest:● Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share

price.

● Someone who is seeking to complement his or her core bond holdings with international bond investments and who cantolerate the greater risks associated with foreign investments.

Footnotes:● This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed

information about the fund.

● The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actualinception of 05/01/2009. These calculated returns reflect the historical performance of the oldest share class of the fund, withan inception date of 08/04/1987, adjusted to reflect the fees and expenses of this share class (when this share class’s fees andexpenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjustedhistorical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied byother entities, including the fund itself.

American Funds Capital World Growth and Income Fund® Class R-5

VRS Code: 46615

Fund Objective: The investment seeks long-term growth of capital while providing current income.

Fund Strategy: The fund invests primarily in common stocks of well-established companies located around the world, many ofwhich have the potential to pay dividends. It invests, on a global basis, in common stocks that are denominated in U.S. dollarsor other currencies. Under normal market circumstances, the fund will invest a significant portion of its assets in securities ofissuers domiciled outside the United States, including those based in developing countries.

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Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. Additional risk information for this product may be found in theprospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking an investment that invests in both domestic and international markets.

● Someone who is willing to accept the volatility of the markets and the generally higher degree of risk associated withinternational investments.




American Funds EuroPacific Growth Fund® Class R-5

VRS Code: 46088

Fund Objective: The investment seeks long-term growth of capital.

Fund Strategy: The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investmentadviser believes have the potential for growth. Growth stocks are stocks that the investment adviser believes have the potentialfor above-average capital appreciation. It normally will invest at least 80% of its net assets in securities of issuers in Europe andthe Pacific Basin. The fund may invest a portion of its assets in common stocks and other securities of companies in emergingmarkets.

Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Growth stocks can perform differently from the market as a whole and can be morevolatile than other types of stocks. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. Additional risk information for this product may be found in theprospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking to complement a portfolio of domestic investments with international investments, which can

behave differently.

● Someone who is willing to accept the higher degree of risk associated with investing overseas.




American Funds New Perspective Fund® Class R-5

VRS Code: 46994

Fund Objective: The investment seeks long-term growth of capital; future income is a secondary objective.

Fund Strategy: The fund seeks to take advantage of investment opportunities generated by changes in international tradepatterns and economic and political relationships by investing in common stocks of companies located around the world. Inpursuing its primary investment objective, it invests primarily in common stocks that the investment adviser believes have thepotential for growth. In pursuing its secondary objective, the fund invests in common stocks of companies with the potential topay dividends in the future.

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American Funds The Growth Fund of America® Class R-6

VRS Code: 85043

Fund Objective: The investment seeks growth of capital.

Fund Strategy: The fund invests primarily in common stocks and seeks to invest in companies that appear to offer superioropportunities for growth of capital. It may invest up to 25% of its assets in securities of issuers domiciled outside the UnitedStates. The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under thisapproach, the portfolio of the fund is divided into segments managed by individual managers who decide how their respectivesegments will be invested.

Fund Risk: Growth stocks can perform differently from the market as a whole and can be more volatile than other types ofstocks. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market,economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this productmay be found in the prospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking the potential for long-term share-price appreciation.

● Someone who is willing to accept the generally greater price volatility associated with growth-oriented stocks.




American Funds Washington Mutual Investors Fund Class R-5

VRS Code: 45715

Fund Objective: The investment seeks to produce income and to provide an opportunity for growth of principal consistentwith sound common stock investing.

Fund Strategy: The fund invests primarily in common stocks of established companies that are listed on, or meet the financiallisting requirements of, the New York Stock Exchange and have a strong record of earnings and dividends. Its advisor strives tomaintain a fully invested, diversified portfolio, consisting primarily of high-quality common stocks.

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Fund Risk: Value stocks can perform differently than other types of stocks and can continue to be undervalued by the marketfor long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political,regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional riskinformation for this product may be found in the prospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income.

● Someone who is comfortable with the volatility of large-cap stocks and value-style investments.




Baron Growth Fund Institutional Shares

VRS Code: 85220

Fund Objective: The investment seeks capital appreciation through long-term investments primarily in securities of small-sizedgrowth companies.

Fund Strategy: The fund invests for the long term primarily in equity securities in the form of common stock of small-sizedgrowth companies. BAMCO, Inc. ("BAMCO" or the "Adviser") defines small-sized companies as those, at the time ofpurchase, with market capitalizations up to the largest market cap stock in the Russell 2000 Growth Index at reconstitution, orcompanies with market capitalizations up to $2.5 billion, whichever is larger.

Fund Risk: Growth stocks can perform differently from the market as a whole and can be more volatile than other types ofstocks. The securities of smaller, less well-known companies can be more volatile than those of larger companies. Stockmarkets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments. These risks may be magnified in foreign markets. Additional risk information for this product may be found inthe prospectus or other product materials, if available.



● Someone who is willing to accept the generally greater price volatility associated both with growth-oriented stocks and withsmaller companies.



● The Russell 2000® Growth Index is an unmanaged market capitalization-weighted index of growth-oriented stocks of U.S.domiciled companies that are included in the Russell 2000 Index. Growth-oriented stocks tend to have higher price-to-bookratios and higher forecasted growth values.


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CREF Social Choice Account Class R1

VRS Code: 44778

Fund Objective: Seeks a favorable long-term rate of return that reflects the investment performance of the financial marketswhile giving special consideration to certain social criteria.

Fund Strategy: The account is balanced with assets divided between domestic and foreign stocks (60%) and fixed-incomesecurities, including money market instruments (40%). The account invests only in companies that are suitable from a financialperspective and whose activities are consistent with the account’s social criteria. Using specific environmental, social andgovernance criteria, the evaluation process seeks out companies that are: strong stewards of the environment; devoted toserving local communities and society in general; committed to higher labor standards; dedicated to producing high-qualityand safe products; and those managed in an exemplary and ethical manner.

Fund Risk: Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market,economic or other developments. These risks may be magnified in foreign markets. In general the bond market is volatile,and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect isusually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and defaultrisks for both issuers and counterparties.


Who may want to invest:● Someone who is seeking to invest in a fund that invests in both stocks and bonds.

● Someone who is seeking the potential both for income and for long-term share-price appreciation and who is willing toaccept the volatility of the bond and stock markets.

Footnotes:● The investment option is an annuity. It has been issued by College Retirement Equities Fund. The fund is managed by CREF.

This description is only intended to provide a brief overview of the fund.

● Managed by the portfolio management team of TIAA-CREF Investment Management, LLC, which provided the descriptionfor this portfolio.Because its social screens exclude some investments, the account may not be able to take advantage of the sameopportunities or market trends as accounts that do not use such criteria.Restrictions or fees may apply to exchanges or withdrawals.

● Fund information was provided by TIAA-CREF. Fidelity Investments and TIAA-CREF are not affiliated.The issuer/distributor is TIAA-CREF Individual & Institutional Services, LLC.Variable annuity values and investments returns will vary and you will have a gain or loss when money is withdrawn. Taxableamounts withdrawn prior to age 59 1/2 may be subject to 10% IRS penalty.

● Before investing, consider the investment objectives, risks, charges and expenses of the annuity and its investmentoptions. Call or write to Fidelity for a free prospectus containing this information. Read it carefully.

● This investment option is not a mutual fund.

CREF Stock Account Class R1

VRS Code: 44770

Fund Objective: A favorable long-term rate of return through capital appreciation and investment income by investingprimarily in a broadly diversified portfolio of common stocks.

Fund Strategy: The account normally invests at least 80% of its assets in a diversified portfolio of domestic and foreign equitysecurities. The management team focuses on companies it believes are attractively priced based on an analysis of theirprospects for growth in earnings, cash flow and revenues. The account may invest in companies of any market capitalizationsize, including small companies. Typically, the account seeks to maintain the weightings of its holdings as approximately70-75% domestic equity and 25-30% foreign equities.

Fund Risk: Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile.Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and candecline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risksmay be magnified in foreign markets.



● Someone who is seeking both growth- and value-style investments and who is willing to accept the volatility associated withinvesting in the stock market.

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Footnotes:● The investment option is an annuity. It has been issued by College Retirement Equities Fund. The fund is managed by CREF.

This description is only intended to provide a brief overview of the fund.

● Fund information was provided by TIAA-CREF. Fidelity Investments and TIAA-CREF are not affiliated. Fidelity Investmentscannot guarantee the accuracy or completeness of any statements or data.

● The issuer/distributor is TIAA-CREF Individual & Institutional Services, LLC.Variable annuity values and investments returns will vary and you will have a gain or loss when money is withdrawn. Taxableamounts withdrawn prior to age 59 1/2 may be subject to a 10% IRS penalty.


Dodge & Cox Balanced Fund

VRS Code: 93181

Fund Objective: The investment seeks regular income, conservation of principal, and an opportunity for long-term growth ofprincipal and income.

Fund Strategy: The fund invests in a diversified portfolio of equity securities and debt securities. Under normal circumstancesno less than 25% and no more than 75% of the fund’s total assets will be invested in equity securities. It may invest up to 20% ofits total assets in U.S. dollar-denominated equity or debt securities of non-U.S. issuers traded in the United States that are notin the S&P 500 Index.

Fund Risk: Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market,economic or other developments. These risks may be magnified in foreign markets. In general the bond market is volatile, andfixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usuallymore pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks forboth issuers and counterparties. Additional risk information for this product may be found in the prospectus or other productmaterials, if available.






● S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industrygroup representation to represent U.S. equity performance.

Dodge & Cox Income Fund

VRS Code: 92767

Fund Objective: The investment seeks a high and stable rate of current income, consistent with long-term preservation ofcapital.

Fund Strategy: The fund invests in a diversified portfolio of bonds and other debt securities. Under normal circumstances, thefund will invest at least 80% of its total assets in (1) investment-grade debt securities and (2) cash equivalents. "Investmentgrade" means securities rated Baa3 or higher by Moody’s Investors Service, or BBB- or higher by Standard & Poor’s RatingsGroup or Fitch Ratings, or equivalently rated by any nationally recognized statistical rating organization, or, if unrated, deemedto be of similar quality by Dodge & Cox.

Fund Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise,bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed incomesecurities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, mostbond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is notpossible. Additional risk information for this product may be found in the prospectus or other product materials, if available.



price.

● Someone who is seeking to diversify an equity portfolio with a more conservative investment option.

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Dodge & Cox International Stock Fund

VRS Code: 46960

Fund Objective: The investment seeks long-term growth of principal and income.

Fund Strategy: Under normal circumstances, the fund will invest at least 80% of its total assets in equity securities of non-U.S.companies, including common stocks, depositary receipts evidencing ownership of common stocks, preferred stocks,securities convertible into common stocks, and securities that carry the right to buy common stocks. The fund typically investsin medium-to-large well-established companies based on standards of the applicable market.

Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Value and growth stocks can perform differently from other types of stocks. Growthstocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock marketsare volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments. Additional risk information for this product may be found in the prospectus or other product materials, ifavailable.



behave differently.




Dodge & Cox Stock Fund

VRS Code: 94769

Fund Objective: The investment seeks long-term growth of principal and income; a secondary objective is to achieve areasonable current income.

Fund Strategy: The fund invests primarily in a diversified portfolio of equity securities. It will invest at least 80% of its totalassets in equity securities, including common stocks, depositary receipts evidencing ownership of common stocks, preferredstocks, securities convertible into common stocks, and securities that carry the right to buy common stocks. The fund mayinvest up to 20% of its total assets in U.S. dollar-denominated securities of non-U.S. issuers traded in the United States that arenot in the S&P 500.








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Dreyfus Global Stock Fund Class I

VRS Code: 43082

Fund Objective: The investment seeks long-term total return.

Fund Strategy: To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investmentpurposes, in stocks. The fund’s investments will be focused on companies located in the developed markets. Examples of"developed markets" are the United States, Canada, Japan, Australia, Hong Kong and Western Europe. It may invest in thesecurities of companies of any market capitalization. The fund’s sub-investment adviser, Walter Scott & Partners Limited (WalterScott), seeks investment opportunities in companies with fundamental strengths that indicate the potential for sustainablegrowth.







Fidelity Freedom® Index 2010 Fund - Institutional Premium Class

VRS Code: 02766

Fund Objective: Seeks high total return until its target retirement date. Thereafter, the fund’s objective will be to seek highcurrent income and, as a secondary objective, capital appreciation.

Fund Strategy: Designed for investors who anticipate retiring in or within a few years of the fund’s target retirement year at oraround age 65 and plan to gradually withdraw the value of their account in the fund over time. Investing in a combination ofFidelity domestic equity funds (including commodity funds), international funds (developed and emerging markets), bondfunds (including treasury inflation-protected security funds) and short-term funds (underlying Fidelity funds), each of which(excluding the money market fund) seeks to provide investment results that correspond to the total return of a specific index ormarket segment. Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomesincreasingly conservative until it reaches an allocation similar to that of the Fidelity Freedom Index Income Fund -approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds and 30% in short-term funds(approximately 10 to 19 years after the target year). Ultimately, the fund will merge with Fidelity Freedom Index Income Fund.The Adviser may continue to seek high total return for several years beyond the fund’s target retirement date in an effort toachieve the fund’s overall investment objective.

Fund Risk: The investment risk of each Fidelity Freedom Index Fund changes over time as its asset allocation changes. Theserisks are subject to the asset allocation decisions of the Investment Adviser. The funds are subject to the volatility of thefinancial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risksassociated with investing in high-yield, small-cap, commodity-linked, and foreign securities. No target date fund is considereda complete retirement program and there is no guarantee any single fund will provide sufficient retirement income at orthrough retirement. Principal invested is not guaranteed at any time, including at or after the funds’ target dates.


Who may want to invest:● Someone who is seeking an investment option intended for people in or very near retirement and who is willing to accept the

volatility of diversified investments in the market.

● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.



● Returns prior to June 24, 2015 are those of the Investor Class and reflect the Investor Class’ expense ratio. Had theInstitutional Premium Class’ expense ratio been reflected, total returns would have been higher.

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VRS Code: 02768





Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to

accept the volatility of the markets.






VRS Code: 02770



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VRS Code: 02772











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VRS Code: 02774












VRS Code: 02776

Fund Objective: Seeks high total return until its target retirement date. Thereafter the fund’s objective will be to seek highcurrent income and, as a secondary objective, capital appreciation.


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Fidelity® Capital & Income Fund

VRS Code: 00038

Fund Objective: Seeks to provide a combination of income and capital growth.

Fund Strategy: Investing in equity and debt securities, including defaulted securities, with an emphasis on lower-quality debtsecurities. Investing in companies in troubled or uncertain financial condition.

Fund Risk: Interest rate increases can cause the price of a debt security to decrease. Stock markets, especially foreign markets,are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments.Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds. Foreign securities aresubject to interest rate, currency exchange rate, economic, and political risks.

Fund short term trading fees: This fund has a Short-term Redemption Fee of 1.00% for fee eligible shares held less than 90days.

Who may want to invest:● Someone interested in a bond fund that provides the potential for both current income and share-price appreciation.

● Someone who is seeking to complement his or her core bond holdings with a bond investment that seeks higher returns fromriskier bonds, and who can tolerate higher risk.



Fidelity® Contrafund® - Class K

VRS Code: 02080

Fund Objective: Seeks capital appreciation.

Fund Strategy: Investing in securities of companies whose value FMR believes is not fully recognized by the public. Investingin either ’growth’ stocks or ’value’ stocks or both. Normally investing primarily in common stocks.

Fund Risk: The value of the fund’s domestic and foreign investments will vary from day to day in response to many factors.Stock values fluctuate in response to the activities of individual companies, and general market and economic conditions.Investments in foreign securities involve greater risk than U.S. investments. You may have a gain or loss when you sell yourshares.






● On May 9, 2008, an initial offering of the retirement (K) class took place. Returns and expenses prior to that date are those ofthe non-K, non-advisor class. Had K class expenses been reflected in the returns shown, total returns would have been higher.

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Fidelity® Dividend Growth Fund - Class K

VRS Code: 02083


Fund Strategy: Normally investing at least 80% of assets in equity securities. Normally investing primarily in companies thatpay dividends or that FMR believes have the potential to pay dividends in the future. Investing in either "growth" stocks or"value" stocks or both. Normally investing primarily in common stocks.

Fund Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchangerate, economic, and political risks.







Fidelity® Emerging Markets Index Fund - Institutional Premium Class

VRS Code: 02344

Fund Objective: The fund seeks to provide investment results that correspond to the total return of emerging stock markets.

Fund Strategy: Normally investing at least 80% of assets in securities included in the MSCI Emerging Markets Index and indepository receipts representing securities included in the index. Using statistical sampling techniques based on such factorsas capitalization, industry exposures, dividend yield, price/earnings ratio, price/book ratio, earnings growth, countryweightings, and the effect of foreign taxes to attempt to replicate the returns of the MSCI Emerging Markets Index. Lendingsecurities to earn income for the fund.

Fund Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate,economic, and political risks, all of which are magnified in emerging markets.


Who may want to invest:● Someone who is willing to accept the higher degree of risk associated with investing in emerging markets.

● Someone who is seeking to complement a portfolio of domestic investments and/or international investments in developedcountries with investments in developing countries, which can behave differently.



● The MSCI emerging Markets Index is a market capitalization-weighted index designed to measure the investable equitymarket performance for global investors of emerging markets.

Fidelity® Extended Market Index Fund - Institutional Premium Class

VRS Code: 02365

Fund Objective: Seeks to provide investment results that correspond to the total return stocks of mid- to small-capitalizationUnited States companies.

Fund Strategy: Normally investing at least 80% of assets in common stocks included in the Dow Jones U.S. Completion TotalStock Market Index, which represents the performance of stocks of mid- to small-capitalization U.S. companies.

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Fund Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, or economic developments. Investments in smaller companies may involve greater risks than thosein larger, more well known companies.



● Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatilityof investments in smaller companies.



● The Dow Jones U.S. Completion Total Stock Market Index is an unmanaged index that represents all U.S. equity issues withreadily available prices, excluding components of the S&P 500.

● Returns prior to September 8, 2011 are those of the Premium Class and reflect the Premium Class’ expense ratio. Had theInstitutional Premium Class’ expense ratio been reflected, total returns would have been higher.

Fidelity® International Index Fund - Institutional Premium Class

VRS Code: 02363

Fund Objective: Seeks to provide investment results that correspond to the total return of foreign stock markets.

Fund Strategy: Normally investing at least 80% of assets in common stocks included in the Morgan Stanley CapitalInternational Europe, Australasia, Far East Index, which represents the performance of foreign stock markets.

Fund Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate,economic, and political risks, all of which are magnified in emerging markets.



behave differently.




● The MSCI Europe, Australasia and Far East Index is an unmanaged market capitalization-weighted index designed torepresent the performance of developed stock markets outside the United States and Canada.

● Returns prior to September 8, 2011 are those of the Premium Class and reflect the Premium Class’ expense ratio. Had theInstitutional Premium Class’ expense ratio been reflected, total returns would have been higher.

Fidelity® Investments Money Market Government Portfolio - Institutional Class

VRS Code: 02642

Fund Objective: Seeks to obtain as high a level of current income as is consistent with the preservation of principal andliquidity within the limitations prescribed for the fund.

Fund Strategy: The Adviser normally invests at least 99.5% of the fund’s total assets in cash, U.S. Government securities and/orrepurchase agreements that are collateralized fully (i.e., collateralized by cash or government securities). Certain issuers of U.S.Government securities are sponsored or chartered by Congress but their securities are neither issued nor guaranteed by theU.S. Treasury. Investing in compliance with industry-standard regulatory requirements for money market funds for the quality,maturity, liquidity and diversification of investments. The Adviser stresses maintaining a stable $1.00 share price, liquidity, andincome. In addition the Adviser normally invests at least 80% of the fund’s assets in U.S. Government securities and repurchaseagreements for those securities.

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Fund Risk: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at$1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the FederalDeposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund’s sponsor, haveno legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financialsupport to the fund at any time. The fund will not impose a fee upon the sale of your shares, nor temporarily suspend yourability to sell shares if the fund’s weekly liquid assets fall below 30% of its total assets because of market conditions or otherfactors. Interest rate increases can cause the price of a money market security to decrease. A decline in the credit quality of anissuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a money marketsecurity to decrease.


Who may want to invest:● Someone who has a low tolerance for investment risk and who wishes to keep the value of his or her investment relatively

stable.

● Someone who is seeking to complement his or her bond and stock fund holdings in order to reach a particular assetallocation.



● Initial offering of the Fidelity® Institutional Money Market Government Portfolio - Institutional Class took place on May 14,2014. Returns and expenses prior to that date are those of the Fidelity® Institutional Money Market Government Portfolio -Class I. Had Fidelity® Institutional Money Market Government Portfolio - Institutional Class expenses been reflected in thereturns shown, total returns would have been higher.

● Fidelity is voluntarily reimbursing a portion of the fund’s expenses. If Fidelity had not, the returns would have been lower.

Fidelity® Low-Priced Stock Fund - Class K

VRS Code: 02095


Fund Strategy: Normally investing primarily in common stocks. Normally investing at least 80% of assets in low-priced stocks(those priced at or below $35 per share or with an earnings yield at or above the median for the Russell 2000 Index), which canlead to investments in small and medium-sized companies. Earnings yield represents a stock’s earnings per share for the mostrecent 12-months divided by current price per share. Potentially investing in stocks not considered low-priced. Investing indomestic and foreign issuers. Investing in either "growth" stocks or "value" stocks or both. Using fundamental analysis offactors such as each issuer’s financial condition and industry position, as well as market and economic conditions, to selectinvestments.

Fund Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate,economic, and political risks. The securities of smaller, less well-known companies can be more volatile than those of largercompanies.



● Someone who is comfortable with value-style investments and the potentially greater volatility of investments in smallercompanies.



● The Russell 2000® Index is an unmanaged market capitalization-weighted index of 2,000 small company stocks of U.S.domiciled companies.


Fidelity® Mid-Cap Stock Fund - Class K

VRS Code: 02097

Fund Objective: Seeks long-term growth of capital.

Fund Strategy: Normally investing at least 80% of assets in common stocks of companies with medium market capitalizations(companies with market capitalization similar to companies in the Russell Midcap Index or the S&P MidCap 400). Investing ineither "growth" stocks or "value" stocks or both. Potentially investing in companies with smaller or larger market capitalization.

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Fund Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, or economic developments. The securities of smaller, less well-known companies can be morevolatile than those of larger companies. Foreign securities are subject to interest rate, currency exchange rate, economic, andpolitical risks






● The Russell Midcap® Index is an unmanaged market capitalization-weighted index of 800 medium-capitalization stocks. Thestocks are also members of the Russell 1000® index.

● The S&P® MidCap 400 Index is an unmanaged market capitalization-weighted index of 400 medium-capitalization stocks.


Fidelity® U.S. Bond Index Fund - Institutional Premium Class

VRS Code: 02326

Fund Objective: Seeks to provide investment results that correspond to the aggregate price and interest performance of thedebt securities in the Bloomberg Barclays U.S. Aggregate Bond Index.

Fund Strategy: Normally investing at least 80% of the fund’s assets in bonds included in the Bloomberg Barclays U.S.Aggregate Bond Index. Using statistical sampling techniques based on duration, maturity, interest rate sensitivity, securitystructure, and credit quality to attempt to replicate the returns of the Index using a smaller number of securities. Engaging intransactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, totalreturn, and credit default) and futures contracts - and forward-settling securities, to adjust the fund’s risk exposure. Investing inFidelity’s central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investmentdisciplines).

Fund Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise,bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed incomesecurities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, mostbond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is notpossible. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The fund caninvest in securities that may have a leveraging effect (such as derivatives and forward-settling securities) which may increasemarket exposure, magnify investment risks, and cause losses to be realized more quickly.



price.




● The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged market value-weighted index for U.S. dollardenominated investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year.

● Returns prior to May 4, 2011 are those of the Premium Class and reflect the Premium Class’ expense ratio. Had theInstitutional Premium Class’ expense ratio been reflected, total returns would have been higher.

GMO Emerging Countries Series Fund Class R6

VRS Code: 95344

Fund Objective: The investment seeks total return in excess of that of its benchmark, the S&P/IFCI Composite Index.

Fund Strategy: The fund invests substantially all of its assets in GMO Emerging Markets Fund ("EMF"). EMF invests insecurities and other instruments. It typically invests directly and indirectly (e.g., through underlying funds or derivatives) inequities of companies tied economically to emerging markets. The fund invests directly and indirectly at least 80% of its assetsin investments tied economically to emerging markets. It is non-diversified.

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Who may want to invest:● Someone who is willing to accept the higher degree of risk associated with investing in emerging markets.

● Someone who is seeking to complement a portfolio of domestic investments and/or international investments in developedcountries with investments in developing countries, which can behave differently.



● The S&P/IFCI Composite Index is a liquid and investable subset of the S&P Emerging BMI, with the addition of South Korea.Each country represents at least 40 bps of the total market weight of the S&P/IFCI countries. A country that drops below 40bps but remains above 30 bps will not be dropped.


Hartford Life Insurance Company General Account

VRS Code: 94995

Fund Objective: Seeks to provide a competitive credited rate of interest while providing a minimum guaranteed interest rateover the lifetime of the contract.

Fund Strategy: The General Account portfolio for this product consists of government securities, corporate securities andshort term investments.

Fund Risk: The fund is backed by a diversified portfolio of fixed-income assets held in the general account of the issuer.Guarantees are subject to the claims paying ability of the issuer. Restrictions or fees may apply to exchanges or withdrawals.The Contracts provide for the payment of certain withdrawals and exchanges at book value during the terms of the Contracts.In order to maintain the Contract issuers’ promise to pay such withdrawals and exchanges at book value, the Contracts subjectthe fund and its participants to certain restrictions. For example, withdrawals prompted by certain events (e.g., layoffs, earlyretirement windows, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in laws orregulations) may be paid at the market value of the fund’s securities, which may be less than your book value balance or mayrestrict withdrawals in these events.Certain investment options offered by your plan (e.g., money market funds, short term bond funds, certain asset allocation/lifecycle funds and brokerage window) may be deemed by the Contract issuers to "compete" with this fund. The terms of theContracts prohibit you from making a direct exchange from this fund to such competing funds. Instead, you must firstexchange to a non-competing fund for 90 days. While these requirements may seem restrictive, they are imposed by theContract issuers as a condition for the issuer’s promise to pay certain withdrawals and exchanges at book value.


Who may want to invest:● Someone who seeks a slightly higher yield over the long term than is offered by money market funds, but who is willing to

accept slightly more investment risk.

● Someone who is interested in balancing an aggressive portfolio with an investment that seeks to provide a declared creditingrate that is reset on a periodic basis.

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Footnotes:● The investment option is an annuity. The fund is managed by Babson Capital Management, LLC. This description is only

intended to provide a brief overview of the fund.Effective January 1, 2013, Hartford Life Insurance Company ("HLIC") entered into a reinsurance agreement with MassMutualwith respect to the insurance products issued by HLIC to its retirement plan customers. Under the reinsurance agreement,HLIC transferred its economic risks, and the day-to-day operation and servicing, associated with the covered insuranceproducts to MassMutual, and MassMutual agreed to provide administrative and other services for the covered insurancepolicies for HLIC, in HLIC’s name. In its role as administrative service provider, MassMutual is responsible for accepting andapplying all deposits to the applicable investment options and for paying all claims, including all withdrawals to plans andplan participants.

● This option is not insured by the FDIC or the Federal Government. Hartford Life Insurance Company provided the description for this investment option. Fidelity Brokerage Services LLC, Hartford Life Insurance Company and MassMutual are not affiliated.

● As of 1/1/2014, this fund changed its name from Hartford Fixed Account.


Metropolitan West Total Return Bond Fund Class I

VRS Code: 44384

Fund Objective: The investment seeks to maximize long-term total return.

Fund Strategy: The fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets ininvestment grade fixed income securities or unrated securities that are determined by the Adviser to be of similar quality. Up to20% of the fund’s net assets may be invested in securities rated below investment grade. The fund also invests at least 80% ofits net assets plus borrowings for investment purposes in fixed income securities it regards as bonds.




price.





Neuberger Berman Genesis Fund Institutional Class

VRS Code: 45418


Fund Strategy: The fund invests mainly in common stocks of small-capitalization companies, which it defines as those with atotal market value of no more than $2 billion at the time the fund first invests in them. It may continue to hold or add to aposition in a stock after the company’s market value has grown beyond $2 billion. The fund seeks to reduce risk by diversifyingamong many companies and industries.

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Fund Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Growthstocks can perform differently from the market as a whole and can be more volatile than other types of stocks. Stock marketsare volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments. These risks may be magnified in foreign markets. Additional risk information for this product may be found inthe prospectus or other product materials, if available.







Oakmark Equity And Income Fund Investor Class

VRS Code: 22433

Fund Objective: The investment seeks income and preservation and growth of capital.

Fund Strategy: The fund invests primarily in a diversified portfolio of U.S. equity and debt securities (although the fund mayinvest up to 35% of its total assets in equity and debt securities of non-U.S. issuers). It is intended to present a balancedinvestment program between growth and income by investing approximately 40-75% of its total assets in common stock,including securities convertible into common stock, and up to 60% of its total assets in debt securities issued by U.S. or non-U.S. governments and corporate entities rated at the time of purchase within the two highest grades.







Oakmark Global Fund Investor Class

VRS Code: 46340

Fund Objective: The investment seeks long-term capital appreciation.

Fund Strategy: The fund invests primarily in a diversified portfolio of common stocks of U.S. and non-U.S. companies. Itinvests in the securities of companies located in at least three countries. The fund invests between 25-75% of its total assets insecurities of U.S. companies and between 25-75% of its total assets in securities of non-U.S. companies. It may invest in thesecurities of large-, mid-, and small-capitalization companies. The fund uses a value investment philosophy in selecting equitysecurities.

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Oakmark International Fund Investor Class

VRS Code: 93544


Fund Strategy: The fund invests primarily in a diversified portfolio of common stocks of non-U.S. companies. It may invest innon-U.S. markets throughout the world, including emerging markets. Ordinarily, the fund will invest in the securities of at leastfive countries outside of the U.S. There are no geographic limits on the fund’s non-U.S. investments. The fund may invest insecurities of large-, mid-, and small- capitalization companies.

Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Value and growth stocks can perform differently from other types of stocks. Growthstocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock marketsare volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments. Additional risk information for this product may be found in the prospectus or other product materials, ifavailable.



behave differently.




Oakmark Select Fund Investor Class

VRS Code: 92778


Fund Strategy: The fund invests primarily in common stocks of U.S. companies. It could own as few as twelve securities, butgenerally will have approximately twenty securities in its portfolio and as a result, a higher percentage of the fund’s total assetsmay also be invested in a particular sector or industry. It generally invests in the securities of large- and mid-capitalizationcompanies. The fund uses a value investment philosophy in selecting equity securities. It is non-diversified.

Fund Risk: Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile.Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can declinesignificantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may bemagnified in foreign markets. Additional risk information for this product may be found in the prospectus or other productmaterials, if available.






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PIMCO Low Duration Fund Institutional Class

VRS Code: 93687

Fund Objective: The investment seeks maximum total return, consistent with preservation of capital and prudent investmentmanagement.

Fund Strategy: The fund seeks to achieve its investment objective by investing under normal circumstances at least 65% of itstotal assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwardsor derivatives such as options, futures contracts, or swap agreements. "Fixed Income Instruments" include bonds, debtsecurities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities.




price.




Royce Pennsylvania Mutual Fund Investment Class

VRS Code: 47121

Fund Objective: The investment seeks long-term growth of capital.

Fund Strategy: Normally, the fund invests at least 65% of its net assets in equity securities of such small- and micro-capcompanies. Although it normally focuses on securities of U.S. companies, it may invest up to 25% of its net assets (measured atthe time of investment) in securities of companies headquartered in foreign countries. The fund may invest in other investmentcompanies that invest in equity securities.

Fund Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Valueand growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks cancontinue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly inresponse to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified inforeign markets. Additional risk information for this product may be found in the prospectus or other product materials, ifavailable.



● Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatilityof investments in smaller companies.



T. Rowe Price International Discovery Fund I Class

VRS Code: 64205

Fund Objective: The investment seeks long-term growth of capital through investments primarily in the common stocks ofrapidly growing, small- to medium-sized companies outside the U.S.

Fund Strategy: The managers expect to primarily invest outside the U.S. and to diversify broadly across a variety of industriesin developed and emerging market countries throughout the world. Normally, at least 80% of the fund’s net assets will beinvested in non-U.S. stocks.

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Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Growth stocks can perform differently from the market as a whole and can be morevolatile than other types of stocks. The securities of smaller, less well-known companies can be more volatile than those oflarger companies. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory,market, economic or other developments. Additional risk information for this product may be found in the prospectus or otherproduct materials, if available.


Who may want to invest:● Someone who is seeking to complement a portfolio of domestic investments with international investments in smaller

companies, which can behave differently.

● Someone who is willing to accept the higher degree of risk associated both with investing overseas and with investing insmaller companies.




T. Rowe Price New Asia Fund I Class

VRS Code: 58357

Fund Objective: The investment seeks long-term growth of capital through investments primarily in the common stocks ofcompanies located (or with primary operations) in Asia (excluding Japan).

Fund Strategy: The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes)in Asian companies (excluding Japanese companies). For purposes of determining whether the fund invests at least 80% of itsnet assets in Asian companies, it relies on the country assigned to a security by MSCI, Inc. or another unaffiliated data provider.It is non-diversified.

Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. These risks are particularly significant for funds that focus on a single country orregion. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market,economic or other developments. Additional risk information for this product may be found in the prospectus or other productmaterials, if available.


Who may want to invest:● Someone who is seeking to complement a portfolio of domestic investments with an international investment focused on a

specific country or region.

● Someone who is willing to accept the higher degree of risk associated with concentrated investments in a specific country orregion.




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T. Rowe Price New Era Fund I Class

VRS Code: 57789

Fund Objective: The investment seeks to provide long-term capital growth.

Fund Strategy: The fund will normally invest a minimum of two-thirds of its assets in the common stocks of natural resourcecompanies. The earnings and tangible assets of natural resources companies may benefit from periods of acceleratinginflation. It also invests in other growth companies that the managers believe have strong potential for earnings growth but donot own or develop natural resources.

Fund Risk: The natural resources industries can be significantly affected by events relating to international political andeconomic developments, energy conservation, the success of exploration projects, commodity prices, and tax and othergovernment regulations Sector funds can be more volatile because of their narrow concentration in a specific industry. Stockmarkets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments. These risks may be magnified in foreign markets. Additional risk information for this product may be found inthe prospectus or other product materials, if available.


Who may want to invest:● Someone who is willing to accept the potentially lower diversification and higher risks associated with investing in a particular

industry or sector.

● Someone who is seeking to complement his or her core holdings with investments concentrated in a particular sector orindustry.




T. Rowe Price New Horizons Fund

VRS Code: 99540

Fund Objective: The investment seeks long-term capital growth.

Fund Strategy: The fund invests primarily in a diversified group of small, emerging growth companies, preferably early in theircorporate life cycle before the companies become widely recognized by the investment community. The fund may also investin companies that offer the possibility of accelerating earnings growth because of rejuvenated management, new products, orstructural changes in the economy.







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Templeton Global Bond Fund Advisor Class

VRS Code: 44563

Fund Objective: The investment seeks current income with capital appreciation and growth of income.

Fund Strategy: Under normal market conditions, the fund invests at least 80% of its net assets in "bonds." Bonds include debtobligations of any maturity, such as bonds, notes, bills and debentures. It invests predominantly in bonds issued bygovernments, government-related entities and government agencies located around the world. The fund may invest up to 25%of its total assets in bonds that are rated below investment grade or, if unrated determined by the investment manager to be ofcomparable quality. It is non-diversified.

Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. The fund may invest in lower-quality debt securities that involve greater risk of defaultor price changes due to potential changes in the credit quality of the issuer. In general the bond market is volatile, and fixedincome securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usuallymore pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks forboth issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding lossescaused by price volatility by holding them until maturity is not possible. Additional risk information for this product may befound in the prospectus or other product materials, if available.



price.

● Someone who is seeking to complement his or her core bond holdings with international bond investments and who cantolerate the greater risks associated with foreign investments.




The Hartford Capital Appreciation Fund Class Y

VRS Code: 48947


Fund Strategy: The fund seeks to achieve its investment objective by investing primarily in stocks selected on the basis ofpotential for capital appreciation. It normally invests at least 65% of its net assets in common stocks of medium and largecompanies. The fund may invest up to 35% of its net assets in securities of foreign issuers and non-dollar securities, includingcompanies that conduct their principal business activities in emerging markets or whose securities are traded principally onexchanges in emerging markets.







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TIAA Guaranteed Account

VRS Code: 44798

Fund Objective: Preservation of principal and growth through dividends

Fund Strategy: It is a fixed annuity account that invests in publicly traded bonds, mortgages, loans, and real estate.

Fund Risk: The fund is backed by a diversified portfolio of fixed-income assets held in the general account of the issuer.Guarantees are subject to the claims paying ability of the issuer. Restrictions or fees may apply to exchanges or withdrawals.The Contracts provide for the payment of certain withdrawals and exchanges at book value during the terms of the Contracts.In order to maintain the Contract issuers’ promise to pay such withdrawals and exchanges at book value, the Contracts subjectthe fund and its participants to certain restrictions. For example, withdrawals prompted by certain events (e.g., layoffs, earlyretirement windows, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in laws orregulations) may be paid at the market value of the fund’s securities, which may be less than your book value balance or mayrestrict withdrawals in these events.Certain investment options offered by your plan (e.g., money market funds, short term bond funds, certain asset allocation/lifecycle funds and brokerage window) may be deemed by the Contract issuers to "compete" with this fund. The terms of theContracts prohibit you from making a direct exchange from this fund to such competing funds. Instead, you must firstexchange to a non-competing fund for 90 days. While these requirements may seem restrictive, they are imposed by theContract issuers as a condition for the issuer’s promise to pay certain withdrawals and exchanges at book value.


Who may want to invest:● Someone who seeks a slightly higher yield over the long term than is offered by money market funds, but who is willing to

accept slightly more investment risk.

● Someone who is interested in balancing an aggressive portfolio with an investment that seeks to provide a declared creditingrate that is reset on a periodic basis.

Footnotes:● The investment option is an annuity. The fund is managed by TIAA-CREF Mutual Funds. This description is only intended to

provide a brief overview of the fund.

● The issuer/distributor is TIAA-CREF Individual & Institutional Services, LLC.

● Fund information was provided by TIAA-CREF. Fidelity Investments and TIAA CREF are not affiliated. Fidelity Investmentscannot guarantee the accuracy or completeness of any statements or data.


TIAA Real Estate Account Class R1

VRS Code: 44774

Fund Objective: Seeks favorable long-term returns primarily through rental income and appreciation of real estateinvestments owned by the account.

Fund Strategy: The Account intends to have between 75% and 85% of its net assets invested directly in real estate or realestate-related assets, with the goal of producing favorable long-term returns. The Account’s principal strategy is to purchasedirect ownership interests in income producing real estate, primarily office, industrial, retail and multi-family residentialproperties. The Account may also invest in liquid real estate-related securities, such as real estate investment trusts andcommercial mortgage-backed securities. The Account will invest the remaining portion of its assets (targeted between 15%and 25% of net assets) in publicly traded liquid investments. The Account from time to time may also make foreign real estateinvestments. Under the Account’s investment guidelines, investments in direct foreign real estate, together with foreign realestate-related securities and foreign non-real estate-related liquid investments, may not comprise more than 25% of theAccount’s net assets although the Account does not intend such foreign investments to exceed 10% of net assets.

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Fund Risk: Real Estate is a cyclical industry that is sensitive to interest rates, economic conditions (both nationally and locally),property tax rates, and other factors. Changes in real estate values or economic downturns can have a significant negativeeffect on issuers in the real estate industry. Stock markets are volatile and can decline significantly in response to adverseissuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Sectorfunds can be more volatile because of their narrow concentration in a specific industry. In general the bond market is volatile,and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect isusually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and defaultrisks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoidinglosses caused by price volatility by holding them until maturity is not possible.The account may also invest in foreign properties, which involve special risks, including currency fluctuation and political andeconomic instability.



industry or sector.


Footnotes:● The investment option is an annuity. It has been issued by TIAA Real Estate Account. The fund is managed by TIAA-CREF

Mutual Funds. This description is only intended to provide a brief overview of the fund.

● Managed by the real estate portfolio management team of Teachers Insurance and Annuity Association, which provided thedescription for this portfolio.Restrictions or fees may apply to exchanges or withdrawals.Fund information was provided by TIAA-CREF. Fidelity Investments and TIAA-CREF are not affiliated.

● The issuer/distributor is TIAA-CREF Individual & Institutional Services, LLC.Variable annuity values and investments returns will vary and you will have a gain or loss when money is withdrawn. Taxableamounts withdrawn prior to age 59 1/2 may be subject to 10% IRS penalty.

● Before investing, consider the investment objectives, risks, charges and expenses of the annuity and its investmentoptions. Call or write to Fidelity for a free prospectus containing this information. Read it carefully.


Vanguard Energy Fund Admiral Shares

VRS Code: 45376

Fund Objective: The investment seeks to provide long-term capital appreciation.

Fund Strategy: Under normal circumstances, the fund invests at least 80% of its assets in the common stocks of companiesprincipally engaged in activities in the energy industry, such as the exploration, production, and transmission of energy orenergy fuels; the making and servicing of component products for such activities; energy research; and energy conservation orpollution control.

Fund Risk: The energy industries can be significantly affected by fluctuations in energy prices and supply and demand ofenergy fuels, energy conservation, the success of exploration projects, and tax and other government regulations. Sector fundscan be more volatile because of their narrow concentration in a specific industry. Stock markets are volatile and can declinesignificantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may bemagnified in foreign markets. Additional risk information for this product may be found in the prospectus or other productmaterials, if available.



industry or sector.





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Vanguard Explorer Fund Admiral Shares

VRS Code: 44803

Fund Objective: The investment seeks to provide long-term capital appreciation.

Fund Strategy: The fund invests mainly in the stocks of small and mid-size companies. These companies tend to beunseasoned but are considered by the fund’s advisors to have superior growth potential. Also, these companies often providelittle or no dividend income. It uses multiple investment advisors.








Vanguard Global Equity Fund Investor Shares

VRS Code: 44763


Fund Strategy: The fund invests primarily in U.S. and foreign equity securities chosen mainly on the basis of bottom-up stockanalysis. It typically invests across a wide range of industries, and its holdings are expected to represent a mix of value andgrowth stocks, as well as a mix of developed and emerging markets stocks, across the capitalization spectrum. Under normalcircumstances, at least 80% of the fund’s assets will be invested in equity securities. The fund uses multiple investment advisors.







Vanguard Health Care Fund Admiral Shares

VRS Code: 44809


Fund Strategy: The fund invests at least 80% of its assets in the stocks of companies principally engaged in the development,production, or distribution of products and services related to the health care industry. These companies include, amongothers, pharmaceutical firms, medical supply companies, and businesses that operate hospitals and other health care facilities.It may also consider companies engaged in medical, diagnostic, biochemical, and other research and development activities.The fund may invest up to 50% of its assets in foreign stocks.

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Fund Risk: The health care industries are subject to government regulation and reimbursement rates, as well as governmentapproval of products and services, which could have a significant effect on price and availability, and can be significantlyaffected by rapid obsolescence and patent expirations. Sector funds can be more volatile because of their narrowconcentration in a specific industry. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional riskinformation for this product may be found in the prospectus or other product materials, if available.



industry or sector.





Vanguard Inflation-Protected Securities Fund Institutional Shares

VRS Code: 49231

Fund Objective: The investment seeks to provide inflation protection and income consistent with investment in inflation-indexed securities.

Fund Strategy: The fund invests at least 80% of its assets in inflation-indexed bonds issued by the U.S. government, itsagencies and instrumentalities, and corporations. It may invest in bonds of any maturity; however, its dollar-weighted averagematurity is expected to be in the range of 7 to 20 years. At a minimum, all bonds purchased by the fund will be ratedinvestment-grade or, if unrated, will be considered by the advisor to be investment-grade.

Fund Risk: The interest payments of TIPS are variable, they generally rise with inflation and fall with deflation. In general thebond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, andvice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation riskand credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have amaturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Additional riskinformation for this product may be found in the prospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking potential returns primarily in the form of interest dividends and who can tolerate more frequent

changes in the size of dividend distributions than those usually found with more conservative bond funds.

● Someone who is seeking to supplement his or her core fixed-income holdings with a bond investment that is tied to changesin inflation.



● Weighted average maturity (WAM) is the weighted average of all the maturities of the securities held in a fund. WAM formoney market funds can be used as a measure of sensitivity to interest rate changes. Generally, the longer the maturity, thegreater the sensitivity. WAM for money market funds is based on the dollar-weighted average length of time until principalpayments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shorteningdevices, such as demand features and interest rate resets. For bond funds, WAM can be used as a measure of sensitivity tothe markets. Generally, the longer the maturity, the greater the sensitivity. The WAM calculation for bond funds excludesinterest rate resets and only takes into account issuer call options if it is probable that the issuer of the instrument will takeadvantage of such options.


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Vanguard Institutional Index Fund Institutional Plus Shares

VRS Code: 20745

Fund Objective: The investment seeks to track the performance of a benchmark index that measures the investment return oflarge-capitalization stocks.

Fund Strategy: The fund employs an indexing investment approach designed to track the performance of the Standard &Poor’s 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of largeU.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocksthat make up the index, holding each stock in approximately the same proportion as its weighting in the index.









Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares

VRS Code: 49210

Fund Objective: The investment seeks to track the performance of a benchmark index that measures the investment return ofthe overall stock market.

Fund Strategy: The fund employs an indexing investment approach designed to track the performance of the CRSP US TotalMarket Index, which represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small-, andmicro-cap stocks regularly traded on the New York Stock Exchange and Nasdaq. It invests by sampling the index, meaning thatit holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of keycharacteristics.







● The CRSP US Total Market Index is comprised of nearly 4,000 constituents across mega, large, small and micro capitalizations,representing nearly 100% of the U.S. investable equity market.

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Vanguard LifeStrategy Moderate Growth Fund Investor Shares

VRS Code: 44757

Fund Objective: The investment seeks capital appreciation and a low to moderate level of current income.

Fund Strategy: The fund invests in other Vanguard mutual funds according to a fixed formula that reflects an allocation ofapproximately 60% of the fund’s assets to common stocks and 40% to bonds. Its indirect bond holdings are a diversified mix ofshort-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bondsissued in currencies other than the U.S. dollar.







Vanguard Long-Term Bond Index Fund Institutional Plus Shares

VRS Code: 58358

Fund Objective: The investment seeks to track the performance of the Bloomberg Barclays U.S. Long Government/CreditFloat Adjusted Index.

Fund Strategy: Bloomberg Barclays U.S. Long Government/Credit Float Adjusted Index includes all medium and larger issuesof U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that havematurities of greater than 10 years and are publicly issued. All of its investments will be selected through the sampling process,and at least 80% of the fund’s assets will be invested in bonds held in the index.




price.

● Someone who is seeking to diversify an equity portfolio but who can tolerate higher risk.



● The Bloomberg Barclays U.S. Long Government/Credit Float Adjusted Index includes all medium and larger issues of U.S.government, investment-grade corporate, and investment-grade international dollar-denominated bonds that havematurities longer than 10 years and are publicly issued.


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Vanguard Precious Metals And Mining Fund Investor Shares

VRS Code: 93566


Fund Strategy: The fund invests at least 80% of its assets in the stocks of foreign and U.S. companies principally engaged inthe exploration, mining, development, fabrication, processing, marketing, or distribution of metals or minerals. The majority ofthese companies will be principally engaged in activities related to gold, silver, platinum, diamonds, or other precious and raremetals or minerals. Up to 100% of the fund’s assets may be invested in foreign securities. It may also invest up to 20% of itsassets directly in gold, silver, or other precious metal bullion and coins. The fund is non-diversified.

Fund Risk: The gold industry can be significantly affected by international monetary and political developments such ascurrency devaluations or revaluations, central bank movements, economic and social conditions within a country, tradeimbalances, or trade or currency restrictions between countries. Fluctuations in the price of gold and precious metals candramatically affect the profitability of companies in the gold and precious metals sector and can directly affect the value of thesecurities issued by such companies. Sector funds can be more volatile because of their narrow concentration in a specificindustry. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market,economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this productmay be found in the prospectus or other product materials, if available.



industry or sector.




Vanguard PRIMECAP Fund Admiral Shares

VRS Code: 44805


Fund Strategy: The fund invests in stocks considered to have above-average earnings growth potential that is not reflected intheir current market prices. Its portfolio consists predominantly of large- and mid-capitalization stocks.

Fund Risk: Growth stocks can perform differently from the market as a whole and can be more volatile than other types ofstocks. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market,economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this productmay be found in the prospectus or other product materials, if available.







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Vanguard REIT Index Fund Institutional Shares

VRS Code: 49961

Fund Objective: The investment seeks to provide a high level of income and moderate long-term capital appreciation bytracking the performance of a benchmark index that measures the performance of publicly traded equity REITs.

Fund Strategy: The fund employs an indexing investment approach designed to track the performance of the MSCI US REITIndex. The index is composed of stocks of publicly traded equity real estate investment trusts. The adviser attempts toreplicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock inapproximately the same proportion as its weighting in the index. The fund is non-diversified.

Fund Risk: Real Estate is a cyclical industry that is sensitive to interest rates, economic conditions (both nationally and locally),property tax rates, and other factors. Changes in real estate values or economic downturns can have a significant negativeeffect on issuers in the real estate industry. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Sector fundscan be more volatile because of their narrow concentration in a specific industry. In general the bond market is volatile, andfixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usuallymore pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks forboth issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding lossescaused by price volatility by holding them until maturity is not possible. Additional risk information for this product may befound in the prospectus or other product materials, if available.



industry or sector.




● The MSCI US REIT Index is a free float-adjusted market capitalization weighted index that is comprised of equity REITs thatare included in the MSCI US Investable Market 2500 Index, with the exception of specialty equity REITs that do not generate amajority of their revenue and income from real estate rental and leasing operations. The index represents approximately 85%of the US REIT universe.


Vanguard Wellesley® Income Fund Admiral™ Shares

VRS Code: 44817

Fund Objective: The investment seeks to provide long-term growth of income and a high and sustainable level of currentincome, along with moderate long-term capital appreciation.

Fund Strategy: The fund invests approximately 60% to 65% of its assets in investment-grade fixed income securities, includingcorporate, U.S. Treasury, and government agency bonds, as well as mortgage-backed securities. The remaining 35% to 40% offund assets are invested in common stocks of companies that have a history of above-average dividends or expectations ofincreasing dividends.

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Fund Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise,bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed incomesecurities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, mostbond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is notpossible. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market,economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this productmay be found in the prospectus or other product materials, if available.







Vanguard Wellington™ Fund Admiral™ Shares

VRS Code: 44811

Fund Objective: The investment seeks to provide long-term capital appreciation and moderate current income.

Fund Strategy: The fund invests 60% to 70% of its assets in dividend-paying and, to a lesser extent, non-dividend-payingcommon stocks of established large companies. The remaining 30% to 40% of the fund’s assets are invested mainly in fixedincome securities that the advisor believes will generate a moderate level of current income. These securities includeinvestment-grade corporate bonds, with some exposure to U.S. Treasury and government agency bonds, and mortgage-backed securities.








Vanguard Windsor™ II Fund Admiral™ Shares

VRS Code: 44807

Fund Objective: The investment seeks to provide long-term capital appreciation and income.

Fund Strategy: The fund invests mainly in large- and mid-capitalization companies whose stocks are considered by an advisorto be undervalued. Undervalued stocks are generally those that are out of favor with investors and that the advisor believes aretrading at prices that are below average in relation to measures such as earnings and book value. These stocks often haveabove-average dividend yields. It uses multiple investment advisors.

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How does the Annual Increase Program work?Choose the amount and date for your annualincrease, and the rest is automatic. Each year on the designated date, your contributions will increase by the amount you elected.

How does the Annual Increase Program benefit me?Small increases in your contributions can lead to significant benefits in retirement. When youenroll in the Annual Increase Program, you mayhelp ensure a step up in your retirement plan account contributions each year. This means moreopportunity for your savings to grow. It can helpyou save more but feel less of an impact in your take-home pay.

How do I enroll?To make your plan’s Annual Increase Program partof your retirement saving strategy, log on to NetBenefits® or call your plan’s toll-free number to choose the amount and select the date for your annual increase.

What amount and date should I choose for my annual increase?Choose an annual increase of 1% or 2% and timeit to coincide with your annual review or pay increase. The system follows through by automati-cally increasing your contribution on your selected date each year.

What if I need to make changes or withdraw?You can change or withdraw from the program at any time by calling your plan’s toll-free number or by visiting NetBenefits.®

Additional information about the Annual Increase Program

Eligibility requirements.To participate in the program, you must be contributing regularly to your workplace savings plan through payroll deductions. If you stop making regular payroll deductions, your annual increase elections will be maintained on the system until conditions change to allow for the application of your elections.

After I sign up, when does the increased contribution go into effect?Your Annual Increase Program elections will take effect as soon as administratively feasible. Therefore, depending on the frequency of your paycheck, it takes a minimum of one to two payperiods for the election to take effect.

Program elections.In most circumstances, your increase election will be applied on a pretax basis. If your employer allows after-tax deductions, in limited circumstances your election may be applied on an after-tax basis.

Exceptions to program elections.Your Annual Increase Program elections will be applied until you withdraw from the program, subject to the following exceptions:

If you are close to or over the maximum percentage or dollar amount that you are allowed to contribute to your retirement plan, none or only some of your increase amount will be applied on your designated increase date. However, if you have made a “spillover” election to continue contributions on an after-tax basis, your annual increase election may be applied for theremainder of the plan year.

Step up your contributions with the Annual Increase Program.Help boost your contribution amount automatically: The Annual Increase Program allows you to increase your retirement savings plan contributionsautomatically each year. It’s an easy way to help keep yourself on track asyou get closer to retirement.

ACTION PLAN

45

Ann

ual I

ncre

ase

Pro

gra

m If you are

suspended from making contributions to your plan due to certain plan rules, your programincrease will also be suspended. Depending on plan rules, your election may or may not be reinstated at the end of the suspension period.

If your designation as an HCE limits or otherwise restricts you from making additional contributions, your contributions may not be increased even if you have elected to participate in the program.

If yourdeductions are interrupted due to a change in your employment status such as a leave of absence or disability, your program elections will be held on file. It’s a good idea to confirm that you are still enrolled in the program when your deductions begin again.

®

For additional information about the AnnualIncrease Program:

®

with a Fidelity Representative

46

5VFITSBBE001Y

Transfer/Rollover/Exchange Form Instructions

Reference the instructions below while completing the form. For additional assistance, please contact Fidelity Investments at 1-800-343-0860 or for the hearing impaired (TTY) 1-800-259-9743, Monday through Friday, 8 a.m. to midnight Eastern time (except for New York Stock Exchange holidays).

1. YOUR INFORMATION

Please provide your information in this section.

2. INVESTMENT PROVIDER YOU ARE MOVING MONEY FROM

Please review your most recent statement for this name and address, and include a copy of the statement with this form. Please contact your previous investment provider to see if additional paperwork is required.

3. ACCOUNT(S) OR CONTRACT(S) TO MOVE

Account or Contract Number: This number is available on your Previous Investment Provider account statement. If you are unable to locate this number on your statement, please contact the Investment Provider. If you do not provide an account or contract number, we will use your Social Security number or U.S. Tax Identification number to request the assets to be moved.

Type of Account or Contract: If you are unsure of the type of account or contract, please contact the Previous Investment Provider or refer to your statement. Select at least one.

The Account or Contract Number above is from: Please see the descriptions below that relate to each of the four transactions. If you choose “A Previous Employer,” provide the name of that employer.

The Same Employer as my Employer Plan with Fidelity. Movement of assets from 403(b) to 403(b) will be requested as a vendor or contract exchange. Movement of money between the same plan types, excluding 403(b) plans (401(a) to 401(a), 401(k) to 401(k), 457(b) to 457(b)), will be requested as an in-plan transfer. Movement of money between different plan types will be requested as a Rollover.

A Previous Employer. For 403(b) and 401(a)/(k) plans, this is a Rollover transaction. For governmental 457(b) plans, this is a rollover unless Fidelity receives direction to process as a transfer.

A Rollover IRA. This is a Rollover transaction. After-tax value may not be rolled from an IRA.

A Traditional IRA or SEP IRA. This is a Rollover transaction. Roth IRAs and Coverdell IRAs cannot be accepted.

Liquidation Amount: Specify the amount of money you want moved to your Fidelity account. If you choose “Full Liquidation/100%,” Fidelity will request your full balance. If you choose “Partial Liquidation,” Fidelity will request the dollar amount or percentage you specify. If you do not specify an amount, Fidelity will move/liquidate 100%. If you are moving 457(b) assets, please be aware that governmental 457(b) assets must be moved into a governmental 457(b) plan, and nongovernmental 457(b) assets must be moved into a nongovernmental 457(b) plan. Transfers from nongovernmental 457(b) plan are not provided for on this form. Talk with your plan sponsor or call Fidelity to discuss transfers from nongovernmental 457(b) plans. Rollovers from 403(b) plans, 401(a)/401(k) plans, and IRAs to governmental 457(b) plans must be recordkept in separate rollover sources to limit the distributions that may be subject to a 10% early distribution penalty.

4. YOUR FIDELITY ACCOUNT INFORMATION

If you do not have a retirement account with Fidelity for the employer listed here, you must complete the enrollment process. For help with enrollment, please contact Fidelity at 1-800-343-0860.

Employer sponsoring your Fidelity retirement account: The employer name appears on your Fidelity account statement or in your enrollment paperwork.

Plan Type with this employer: This information is required to ensure that Fidelity credits your assets to the proper account. Please contact Fidelity at 1-800-343-0860 or for the hearing impaired (TTY) 1-800-259-9743 if you do not know your type of account.

Plan Number: Please provide the Plan Number if you have multiple retirement plan accounts with Fidelity. Please contact Fidelity at 1-800-343-0860 to obtain the Plan Number.

5. INVESTMENT INSTRUCTIONS

Would you like the assets invested in your current investment selection? If “Yes” is selected, your assets will be allocated to your current investment selection on file with Fidelity. If you do not select “Yes,” please list the fund names, fund codes (if known) and percentages. Please ensure that the percentages equal 100%. Please list additional funds on a separate page and attach it to this form.

Fund Name: List the Fund Name(s) you want your assets credited to.

Fund Code: Provide the four-digit Fund Code(s) (if known).

Percentage: Please ensure that the percentages listed equal 100%.

Note: If the funds selected are unclear, unavailable, or less than 100%, the percentages allocated to those funds and/or any unallocated percentage will be defaulted to the investment option specified in the agreement currently in place with Fidelity for the Plan. If the percentages listed exceed 100%, the entire amount will be defaulted, as described above.

6. EMPLOYER PLAN ACCEPTANCE

Employer Authorized Signature: An authorized signature from the employer that sponsors your Fidelity retirement account may be required. To verify if this section needs to be signed, contact your Human Resources office or Fidelity at 1-800-343-0860 or for the hearing impaired (TTY) 1-800-259-9743.

7. YOUR SIGNATURE

Your Signature: Please read the legal information provided in this section and then sign the form. We are unable to process your request without your signature.

Transfer/Rollover/Exchange Form Checklist:

Here is a checklist to ensure that your request is in good order.

Please remember to:

Include your most recent account statement from the Previous Investment Provider

Indicate the amount or percentage of money you are moving to Fidelity

Obtain the Employer Authorized Signature (contact your Human Resources office or Fidelity to verify if this is required)

Sign in Section 7 of the form

Return this form in the enclosed postage-paid envelope OR

If you are sending this using an overnight delivery

Return to: service, please send to this address:

Fidelity Investments Fidelity Investments P.O. Box 770002 100 Crosby Parkway, Mailzone KC1E Cincinnati, OH 45277-0090 Covington, KY 41015

Please contact your previous investment provider to see if additional paperwork is required.

434261.2.0 1.780430.107

Transfer/Rollover/Exchange FormInstructions: Use this form to move assets to your Fidelity employer-sponsored retirement account from a previous investment provider. You may also use this form to consolidate multiple employer-sponsored retirement accounts currently at Fidelity. If you do not have a retirement account with Fidelity, you must also complete an Account Application/Enrollment Form or when available enroll online at www.mysavingsatwork.com. If your current employer does not offer a retirement plan record kept by Fidelity, your employer needs to establish a retirement plan prior to your vendor or contract exchange, or rollover to a Fidelity account. An incomplete form may delay the processing of your request. Use a separate form for each investment provider.

Unless otherwise instructed by your employer, please return this vendor or contract exchange/rollover form in the postage-paid envelope provided OR

If you are sending this using an overnight delivery Return to: service, please send to this address: Fidelity Investments Fidelity Investments P.O. Box 770002 100 Crosby Parkway, Mailzone KC1E Cincinnati, OH 45277-0090 Covington, KY 41015

Questions? Call Fidelity Investments at 1-800-343-0860 or for the hearing impaired (TTY) 1-800-259-9743, Monday through Friday, 8 a.m. to midnight Eastern time (except for New York Stock Exchange holidays), for assistance with completing this form.

1. YOUR INFORMATIONPlease use a black pen and print clearly in CAPITAL LETTERS.

Social Security #: Date of Birth:

First Name:

Last Name:

Mailing Address:

City: State:

Zip:

Daytime Phone: Evening Phone:

E-mail:

2. INVESTMENT PROVIDER YOU ARE MOVING MONEY FROM

Name of investment provider you are moving money from

Please include a copy of your most recent account statement from your investment provider.

Provider Street Address:

City: State:

Zip:

Provider Phone: Ext:

Please contact your previous investment provider to see if additional paperwork is required. Use a separate form for each investment provider.

(e.g., VALIC, TIAA-CREF, Vanguard, ING, Lincoln):

Page 15VFITSBBE002Z

3. ACCOUNT(S) OR CONTRACT(S) TO MOVEPlease provide information about the account(s)/contract(s) you wish to move to Fidelity. If no account or contract numbers are provided, we will use your Social Security or U.S. Tax ID number to request the assets to be moved. Please make additional copies of this page and the next page if you have more than two accounts/contracts to move.

3A. FIRST ACCOUNT (if more than one account, please complete section 3B in addition to section 3A).

1. Account/Contract #:

and Type: 403(b) Include Roth 403(b) balance 401(a)/(k) Include Roth 401(k) balance

457(b) governmental IRA

2. Please check the box that most accurately reflects the transaction that you are requesting. Note that your selection will dictate how we process this transaction. Please read Section 4 of the instructions for more details.

The Same Employer as my Employer Plan with Fidelity.

A Previous Employer. For 403(b) and 401(a)/(k) plans.

Previous Employer Name:

A Rollover IRA.

A Traditional IRA or SEP IRA.

3. Liquidation Amount Full Liquidation/100% Partial Liquidation % OR $

Unless otherwise specified, I request the current investment provider to liquidate 100% of my account.

3B. SECOND ACCOUNT (if applicable).

1. Account/Contract #:

and Type: 403(b) Include Roth 403(b) balance 401(a)/(k) Include Roth 401(k) balance

457(b) governmental IRA

2. Please check the box that most accurately reflects the transaction that you are requesting. Note that your selection will dictate how we process this transaction. Please read Section 4 of the instructions for more details.

The Same Employer as my Employer Plan with Fidelity.

A Previous Employer. For 403(b) and 401(a)/(k) plans.

Previous Employer Name:

A Rollover IRA.

A Traditional IRA or SEP IRA.

3. Liquidation Amount Full Liquidation/100% Partial Liquidation % OR $

Unless otherwise specified, I request the current investment provider to liquidate 100% of my account.

(select one)

Page 2

(select one)

(select one)

(select one)

4. YOUR FIDELITY ACCOUNT INFORMATION If you do not have a retirement account through Fidelity for the employer listed below, or you do not know the plan number or type, please contact Fidelity at 1-800-343-0860.

5. INVESTMENT INSTRUCTIONS

Would you like the assets invested in your current investment selection? Yes If no, specify below:

Fund Name(s): Fund Code: Percentage:

%

%

%

%

If no investment options are selected, if your investment instructions are incomplete, or if the percentages listed exceed 100%, your entire contribution will be defaulted to the investment option specified in the agreement currently in place with Fidelity for the Plan. If you select an invalid fund, the investment percentage for that fund will be defaulted, as described above.

6. EMPLOYER PLAN ACCEPTANCE

An authorized signature from the employer that sponsors your Fidelity retirement account may be required. To verify if this section needs to be signed, contact your Human Resources office or Fidelity at 1-800-343-0860.

Employer Authorized Signature: X Date:

Employer Authorized Printed Name: X

Page 3

OR

OR

OR

OR

Total = 100%

Employer sponsoring your Fidelity retirement account: (This name appears on your Fidelity statement, or in your enrollment paperwork.)

City & State of Employer: Are you still employed with this Employer?: Yes No

4A. Fidelity Account Information for 3A.

Plan Type: 403(b) 401(a)/(k) 457(b) governmental

and Plan Number (if known)

4B. Fidelity Account Information for 3B.

Plan Type: 403(b) 401(a)/(k) 457(b) governmental

and Plan Number (if known)

If there is a discrepancy between plan type and plan number, the plan type selected will be used.

7. YOUR SIGNATURE

By signing this form:• I hereby direct the investment provider identified on this form in Section 2 to liquidate the designated amount of the

account(s) listed on this form, and to release the proceeds to my account under my employer’s plan, except to the extent my current employer or any of my former employers prohibit such release. In the event of such prohibition, I hereby direct said investment provider to retain the portion of my account(s) that cannot be released in a separate account or contract and to release the remainder.

• I hereby agree to the terms and conditions stated in this Form, including the instruction, and certify that I am requesting a vendor or contract exchange, in-plan transfer, or rollover, of my retirement plan assets in accordance with applicable IRS and plan rules.

• I certify under the penalties of perjury that my Social Security or U.S. Tax Identification number on this form is correct.• I certify that the information provided on this form is true, accurate, and complete to the best of my knowledge.• I acknowledge that I have read the prospectus(es) for any mutual fund in which I invest and agree to the terms.• I hereby agree that if my assets will be sent to Fidelity in installments, the first installment may be invested according to my instructions

on this form. All subsequent installment payments as well as any residual balances not received within 30 days will be invested according to the investment elections currently in place with Fidelity for the Plan at the time my assets are received by Fidelity.

For 403(b)-to-403(b) vendor or contract exchanges• I understand that any balances I am exchanging from a 403(b)(1) annuity into a 403(b)(7) custodial account may be subject to more

restrictive withdrawal provisions.• I understand that if I exchange a contribution source that is not allowed by the Plan, the value associated with the unacceptable source

will be returned to the investment provider named in Section 2.• I direct Fidelity to treat all monies as pretax contributions made subsequent to 12/31/88 unless my prior investment provider provides

Fidelity with account balances as of 12/31/88 and post-1988 salary reduction contributions.• I direct Fidelity to treat the entire balances as subject to minimum distribution requirements unless my prior investment provider provides

Fidelity with account balances as of 12/31/86.• I direct Fidelity to allocate the entire balance to the most restrictive source in the current employer’s plan unless my prior investment

provider provides Fidelity with the sources of the exchanged amount under the previous plan.

Your Signature: X Date:

434261.2.0 Fidelity Investments Institutional Operations Company, Inc. 1.754184.107

This information is intended to be educational and is not tailored to the investment needs of any specific investor.

This document provides only a summary of the main features of Mayo Clinic and the Plan Document will govern in the eventof discrepancies.

The Plan is intended to be a participant-directed plan as described in Section 404(c) of ERISA, which means that fiduciaries of thePlan are ordinarily relieved of liability for any losses that are the direct and necessary result of investment instructions given by aparticipant or beneficiary.

© 2010 - 2017 FMR LLC. All rights reserved.

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