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Get Real With Your Retirement A Guide To Enrolling In Your Retirement Plan Messiah College Defined Contribution Retirement Plan x Time To Dream If you’re living the American Dream — or simply living in America — it’s a given that you have competing financial priorities. Maybe you’re saving for a new home, season tickets or a European vacation. Perhaps you’re losing sleep wondering how you’re going to cover your child’s college tuition and your aging parents’ care at the same time. Or maybe you’re too busy worrying about the garden-variety expenses of everyday living. Any time more than one issue is competing for your attention, there’s typically a loser; in the battle of financial goals, it’s often retirement. Losing this battle could mean less financial resources to rely on during what may be three — or more — decades in retirement. Consider this booklet to be one resource to help you reach your retirement goal. Its purpose is to motivate you to develop a clear vision of what your retirement will be, as well as a savings and investment plan that will fit into your life right now. What Can You Do To Prepare For Your Life After Working? You can get real about your retirement needs, hopes and dreams. To get you started down this path, here are a few questions to inspire you. To get started now, enroll: Online (www.standard.com/retirement) By phone (800.858.5420) With the forms in this booklet • • • • Where will you be? What will you be doing? Will you continue to work doing something you love? How much savings will you need? Your answers will define your retirement. As you think about how and where you’ll be spending your life after work, it makes sense to pause and think about retirement as a whole. What does this word mean to you? It likely means something different to you than it does to your friend, co-worker, neighbor or brother. But while you all have different visions, you just might agree that before any of your retirement dreams can become reality, planning and saving must come first. Planning Transforms Dreams Into Reality As you make your way through the booklet, keep the following things foremost in mind: • • • Your retirement dreams (your answers from above) How starting to save early can help, but just starting is most important The plan you set in motion today can help you reach your retirement goal Pre-Tax Savings Your contribution will be deducted on a pre-tax basis — before taxes are withheld — which will reduce your income taxes and reduce the out-of-pocket cost of contributing to the plan. In addition, certain people may qualify for tax credits that will further reduce the out-of-pocket cost of saving. The table below can help you estimate how much money will come out of your paycheck before taxes compared to the amount you are actually contributing to your retirement account. The figures are based on the 2011 federal tax rate: single filer, withholding one, no state tax. Your actual dollar amounts may vary. 1. Find your approximate weekly gross pay across the top. 2. Find the percentage you intend to contribute along the left edge. 3. The top (black) number shows your contribution amount, and the bottom (blue) number shows the amount by which your paycheck is actually reduced. The difference represents your tax withholding savings. The highlighted areas of the chart illustrate the saving scenario for someone making $800 a week and contributing 9 percent to her retirement account. She contributed $72, but her paycheck was only reduced by $57. The $25 difference represents her tax withholding savings. Tax Savings Calculator For Pre-tax Contributions1 Anne, age 60; Roger, age 64 så -ARRIEDåFORååYEARS Gross Weekly Salary TN_EdSet_NAE.pdf 10.17.2011 Contribution Percentage så 4HREEåGRANDCHILDREN $400 $500 $600 $700 $800 $900 $1,000 $1,500 $2,000 4% 16 13 20 17 24 19 28 23 32 23 36 26 40 30 60 27 80 58 5% 20 17 25 20 30 25 35 29 40 31 45 32 50 37 75 40 100 72 6% 24 19 30 25 36 30 42 34 48 37 54 39 60 45 90 53 120 86 7% 28 23 35 29 42 34 49 41 56 44 63 45 70 52 105 65 140 101 8% 32 26 40 34 48 40 56 47 64 50 72 52 80 60 120 78 160 115 9% 36 30 45 37 54 45 63 52 72 57 81 58 90 67 135 91 180 130 10% 40 34 50 42 60 51 70 59 80 65 90 67 100 75 150 104 200 144 11% 44 36 55 46 66 55 77 65 88 71 99 74 110 82 165 116 220 158 12% 48 40 60 51 72 60 84 70 96 78 108 80 120 90 180 129 240 173 så $REAMåOFåTRAVELINGåWITHåTHEIRåSONå to Europe så 3AVINGåALLåTHEYåCANåNOWåTRYINGåTOåCHOOSEå a retirement date 1 Amounts saved in the plan are taxable upon withdrawal. Enroll now! www.standard.com/retirement, 800.858.5420 1 STN_EdSet _Approach_MM.pdf 10.17.2011 Pick Your Approach With any luck, the talk about tax savings has motivated you to take action about your retirement. As you begin to plan, the two most important decisions you will face are: • How much do I need to save? • How will I invest it? Few of us feel adequately prepared by our education or life experience to make these important decisions. The good news is that your plan is working with The Standard to offer options that will simplify the process of making these decisions. Simply choose one of these three different approaches — Managed, Guided or Independent — to receive the amount of assistance you need to make these important decisions and move closer to reaching your retirement goals. Managed may be a good choice if you: • Need help to regularly and realistically evaluate your situation • Need professional advice to determine how much to save and how to manage your investments • Want automatic adjustments to your savings rate and investment mix over time or as life events occur • Want to improve the accuracy of your plan by providing additional financial information about you and your spouse/partner Managed: Do It All For Me Managed takes away the headache of overseeing your retirement account. If you choose Managed, The Standard will manage both sides of the equation: your savings rate and investment allocation. You will receive professional retirement and investment planning services designed to help you identify your future retirement income needs and develop a real plan to meet your goals. With Managed, we: • Get to know you and your retirement income goals • Tailor a comprehensive Savings Plan Strategy to help you reach your goals • Create a personalized Investment Plan Strategy based on your individual needs (risk tolerance, retirement date, and other considerations) • Help you get started • Invest and professionally manage your portfolio through StanCorp Investment Advisers, Inc., a registered investment advisor • Keep you on track through automatic adjustments to your savings rate, investment mix and rebalancing of your portfolio • Help plan for the transition into retirement We’ll use the information you provide to help you determine your current status and estimate your needs for tomorrow. If your circumstances change or if you have questions, you can always call one of our professional investment advisor representatives between 5 a.m. and 5 p.m. Pacific Standard Time (8 a.m. and 8 p.m. Eastern Standard Time). Your investment portfolio will be professionally managed, automatically rebalanced according to your investment directives, and assessed on an ongoing basis. 2 Standard Retirement Services, Inc. STN_EdSet _Approach_MM.pdf 10.17.2011 Guided: Guide Me Through The Process Guided takes the mystery out of fund selection for your retirement plan account. You will have all the information and tools you need to navigate the entire decision-making process. By following a simple, step-by-step process, you will be able to answer the question “How should I invest my money?” With Guided, we: • Provide tools to help you reach your retirement income goals -- a calculator to determine whether you are on track to reach your retirement goals -- a calculator to determine how much to save -- a quiz (on the following page or online at www.standard.com/retirement) • Offer pre-mixed investment portfolios that provide a diversified investment portfolio for your tolerance for risk and timeline until retirement • Offer automatic rebalancing of your portfolio Guided may be a good choice if you: • Prefer to evaluate your situation annually using available tools • Want to set and manage your savings rate • Want to use pre-mixed investment portfolios to manage your own investments • Need a little help managing your investments • Want your account to be automatically rebalanced Your quiz score is an important piece to the Guided process. The score will help identify which pre-mixed portfolio will provide you with a diversified investment strategy that is appropriate for your circumstances. You can then set investment directives and transfer assets to be consistent with the chosen portfolio. The quiz takes about 10 minutes and should be taken annually; if results change, you will have the opportunity to adjust investment portfolios in line with your new score. Independent: I’ll Do It All Myself If you prefer doing your own research when it comes to your retirement planning, Independent is for you. You can maintain personal control over your retirement account using the quality investment options in your plan. You can still rely on The Standard for educational and online planning tools that help you navigate the investing landscape. You will have all the same benefits of Guided, but with a difference. Rather than select one of the pre-mixed portfolios, you will have access to a diversified selection of investment options to help you implement your own unique investment strategy. Ready To Sign Up Now? Independent may be a good choice if you: • Prefer to evaluate your situation annually using available tools • Want to set and manage your savings rate • Prefer to do your own investment research • Want to rebalance your portfolio yourself as needed • Want to increase your savings rate yourself as needed Regardless of which approach you take — Managed, Guided or Independent — the “Time to Enroll” section has all the instructions you need to sign up. Enroll now! www.standard.com/retirement, 800.858.5420 3 Find Your Investment Style Take the quiz to determine which pre-mixed portfolio is appropriate for you. After each question, circle the letter that best describes you. Then add up the points and match the total with the investor profile on the next page. Please note that this profiling tool is only a guide; for advice specific to your situation, you will want to consider other factors, such as your retirement savings, tax considerations and investing time frame. You should contact your investment professional or tax advisor for personalized advice. Investor Profile Quiz 1. When do you expect to tap into your retirement account? a. b. c. d. Points Less than five years Between five and 10 years Between 10 and 15 years More than 15 years 0 20 30 40 Score: 2. What do you expect to happen to your pay (salary) in the next five years? Points a I expect my pay to increase much faster than inflation (due to promotions, new job, etc.). b. I expect my pay to increase slightly faster than inflation. c. I expect my pay to just keep up with inflation. d. I expect my pay to decrease (due to retirement, part-time work, depressed industry, etc.). 12 5 0 0 b. I can tolerate a small amount of fluctuation in my investment account, and I am seeking consistent returns. c. I am middle-of-the-road, prefer both growth potential and consistency of returns and can tolerate a fair amount of market movement in exchange for attractive long-term returns. d. I am willing to assume a relatively high level of volatility for potentially greater returns. e I am seeking maximum long-term growth, even if it means wide swings in my account value. a. I am willing to take a lot of risk with all of my retirement account. b. I am willing to take a lot of risk with some of my retirement account. c. I am willing to take a little risk with all of my retirement account. d. I am willing to take a little risk with some of my retirement account. e. I am unwilling to take on more risk. 12 8 4 0 5. If the stock market went down 15 percent, what would you do? Points a. Sell all of my stock funds immediately and put the money in something more stable. b. Transfer some of my stock funds into less aggressive investments. c. Do nothing and wait for it to come back. d. Buy more: increase my stock investments while prices are low. 0 2 4 8 Score: 4 8 12 15 6. If you received several statements in a row with negative returns and realized that your account had lost 20 percent, what would you do? Points a. Sell all of my stock funds immediately and put the money in something more stable. b. Transfer some of my stock funds into less aggressive investments. c. Do nothing and wait for it to come back. d. Buy more: Increase my holdings in stock funds while prices are low. Score: Enter your total score: 4 15 Score: Points a I am seeking maximum stability, even if returns are low. Points 10 Score: 3. How do you feel about investing for retirement? 4. How much risk are you willing to take in order to potentially increase your investment return? Standard Retirement Services, Inc. Score: 0 3 6 10 Use Your Quiz Results To Select A Portfolio Your asset allocation is an important part of your investing strategy. The following pre-mixed portfolios show how you may want to diversify your investments. Match your score from the Investor Profile Quiz to help determine which portfolio is appropriate for you. If you need more information, you may wish to contact a personal financial advisor. Guided Portfolios Conservative (Score: Less than 40) Moderately Conservative Moderate Moderately Aggressive Aggressive (Score: 54-66) (Score: 67-79) (Score: 80 and above) (Score: 41-53) ■ Cash Equivalents 30% ■ Cash Equivalents 20% ■ Cash Equivalents 10% ■ Cash Equivalents ■ Bonds 50% ■ Bonds 40% ■ Bonds 30% ■ Bonds ■ Lg Cap Stocks 13% ■ Lg Cap Stocks 26% ■ Lg Cap Stocks 39% ■ Sm/Mid Cap 4% ■ Sm/Mid Cap 8% ■ Sm/Mid Cap ■ Int’l Stocks 3% ■ Int’l Stocks 6% ■ Int’l Stocks Less Risk/Less Potential Return ■ Cash Equivalents 0% 20% ■ Bonds 0% ■ Lg Cap Stocks 52% ■ Lg Cap Stocks 65% 12% ■ Sm/Mid Cap 16% ■ Sm/Mid Cap 20% 9% ■ Int’l Stocks 12% ■ Int’l Stocks 15% 0% Higher Risk/Higher Potential Return You should carefully consider the investment objectives, risks, charges and expenses of the investment options offered under the retirement plan before investing. Smallcompany (small cap) investing involves specific risks not necessarily encountered in large-company investing, such as increased volatility. Funds that invest in bonds are subject to certain risks, including interest-rate risk, credit risk and inflation risk. As interest rates rise, the prices of bonds fall. International investing involves certain risks, such as currency fluctuations, economic instability and political developments. These risks may be accentuated in emerging markets. Your plan may be funded by a mutual fund trust or a group annuity contract. Both are suitable for long-term investing, including saving for retirement. While annuities generally provide tax-deferred treatment of earnings, the group annuity contract does not provide any additional tax-deferred treatment beyond the treatment provided by your retirement plan. We’ll Rebalance For You STN_EdSet _GuidedPorts.pdf 10.17.2011 The Standard can rebalance your portfolio to ensure it stays in line with your original wishes. On the Investing Form, you can indicate how frequently you’d like your portfolio rebalanced: quarterly, semiannually or annually. Enroll now! www.standard.com/retirement, 800.858.5420 5 Time To Enroll Take Action Today! Take an important step toward making tomorrow financially secure and join your retirement savings plan today. Take advantage of your employer’s plan, which offers a rewarding way to invest for your retirement. The amount you invest now might make the difference between having financial security in retirement and just getting by. It’s easy to enroll in your employer’s plan. These enrollment materials have all of the forms you need and information on the investment choices offered by the plan. Please read all of the materials you receive carefully before making any decision about how to invest your money. If you have any questions about the plan, be sure to contact your plan administrator. To complete the enrollment process, return the forms to the designated person or department. Once received, your contributions will be deposited in your retirement account beginning with the first contribution following your date of participation. How To Sign Up For Managed Action Item 1:å#OMPLETEåTHE så-ANAGEDå3AVINGSå&ORM så-ANAGEDå3UPPLEMENTALå)NFORMATIONå&ORMåPLACEåINTOåTHEåSMALLåENVELOPEåLABELEDå h#ONFIDENTIALvåANDåSEAL så"ENEFICIARYå$ESIGNATIONåFORå$EATHå"ENEFITSåFORM Do notåCOMPLETEåTHEå)NVESTINGå&ORM Action Item 2:å$ELIVERåORåMAILåTHEåCOMPLETEDåFORMSåTOåTHEåDESIGNATEDåPERSONåORå DEPARTMENT How To Sign Up For Guided Or Independent Action Item 1: Determine how you want to save Action Item 2:å$ETERMINEåYOURåPREFERREDåINVESTINGåSTYLE Action Item 3:åå5SINGåTHEåINFORMATIONåYOUVEåGATHEREDåINå3TEPSååANDååCOMPLETEåTHE så3AVINGSå&ORM så)NVESTINGå&ORM så"ENEFICIARYå$ESIGNATIONåFORå$EATHå"ENEFITSå&ORM Do notåCOMPLETEåTHEå-ANAGEDå3UPPLEMENTALå)NFORMATIONå&ORM How to Enroll - Contrib - Managed.pdf 10.17.2011 Action Item 4: $ELIVERåORåMAILåTHEåCOMPLETEDåFORMSåTOåTHEåDESIGNATEDåPERSONå ORåDEPARTMENT 6 Standard Retirement Services, Inc. Mainspring Managed Savings Form Messiah College Defined Contribution Retirement Plan #807945 By completing this form, I am signing up for Mainspring Managed. I understand StanCorp Investment Advisers, Inc. will develop a Savings and Investment Plan designed just for me. They will also work with me on an ongoing basis to update my plan as my personal circumstances change. I also understand that the monthly fee for Mainspring Managed services will be deducted directly from my account and that the total amount charged depends on my account balance. This fee is waived for 90 days following your initial enrollment in the service. Account Balance Fee $0.00 to $5,000.00 $5,000.01 to $10,000.00 $10,000.01 and up $0.00 $5.00 $10.00 Social Security Number Last Name First Name Mailing Address City State Date of Birth (mm/dd/yy) Date of Hire (mm/dd/yy) Expected Retirement Age (default 59) Phone Number E-mail Address Zip HOW MUCH DO YOU WANT TO SAVE? The smallest amount you can contribute is 1% of your compensation. The most you can save during 2013 is $17,500 ($23,000 if you are age 50 or older). This amount includes both pre-tax and after-tax Roth contributions. Other plan or legal limits may also apply. I elect to contribute as pre-tax contributions: _______ % I elect to contribute as after-tax Roth contributions: _______ % MY RISK TOLERANCE Select one of the three options below regarding your risk tolerance. (If you do not complete this question, we will assume you are a middle-of-the-road investor.) StanCorp Investment Advisers is available to assist you with more detailed planning. We encourage you to complete the Mainspring Managed Supplemental Information Form located in the enrollment booklet so we can provide you with guidance that is tailored to your needs. I am seeking maximum stability even if returns are low. I am a middle-of-the-road investor and prefer both growth potential and consistency of returns. I am seeking maximum long-term growth, even if it means wide swings in my account value. AUTHORIZATION I authorize my employer and the plan administrator to deduct from my earnings the amounts determined by the percentage(s) designated above and to forward such amounts to the Plan. I authorize annual increases to my savings amount. I also direct my employer and the plan administrator to implement any other instructions I have provided on this form. I have read the Disclosure Statement and Mainspring Managed Agreement in the following sections and, by signing here, I agree to be bound by their terms. The employer, trustees and any others concerned with the administration of the plan are entitled to rely on these instructions; each shall be fully protected in taking or omitting any action under any provisions of the plan in reliance on this information. Participant Signature _____________________________________________ Date __________________________ 7 807945 (3/08) DISCLOSURE STATEMENT You must notify The Standard within 15 days of receipt of your quarterly account statement if you think an error has occurred, or if you requested and confirmed an investment transfer or directive change that was not completed during the period covered by the statement. You may give notice by contacting a customer service representative at 800.858.5420 or by e-mailing [email protected]. Unless you give such notice, The Standard will not be liable for any resulting loss to your account. In any case, The Standard will not be liable if circumstances beyond its control prevent the transaction, or if its liability is otherwise limited by regulation or agreement. MAINSPRING MANAGED AGREEMENT This Agreement is between you, a participant in a retirement plan, and StanCorp Investment Advisers, Inc. (“us” or “we”), for a specific advisory service called Mainspring Managed. Access to Mainspring Managed is provided to you by the sponsor of your retirement plan. Termination of the agreement between the plan sponsor and StanCorp Investment Advisers will end your access to the Mainspring Managed service. While this Agreement is in effect, StanCorp Investment Advisers will: 1. Assist in establishing, reviewing and updating your investment goals. 2. Assist in selecting and monitoring the investment funds in your portfolio. 3. Determine, review and change the allocation of assets in your investment account through the use of an asset allocation model and periodically rebalance your account to your target allocation. 4. Provide telephone access to an investment advisor representative to address specific changes to your personal and financial circumstances and how they may affect your investment account. 5. Monitor, report and assess your investment results on no less than a quarterly basis. You may be charged a monthly fee during the time this agreement remains in effect; please refer to the first paragraph on the front of this form for fee information. This Agreement will remain in effect until you opt out of the Mainspring Managed service by calling our Advisory Service Center, by withdrawing your entire vested account balance from the plan or by other means that we make available to you. The Agreement will terminate if your entire account is transferred to your beneficiary or to an alternative payee pursuant to a qualified domestic relations order. In addition, you or we may terminate the Agreement at any time after providing written notice to the other party. You may revoke this Agreement within 10 days of its effective date without being charged a fee. The Mainspring Managed service will be available to you only while the agreement between your plan sponsor and StanCorp Investment Advisers is in effect. If your employer ceases to offer the Mainspring Managed service, your participation in it will cease and this Agreement will terminate. You acknowledge and understand that StanCorp Investment Advisers will have discretion to supervise, manage and direct the assets in your investment account and any subsequent additions to the investment account. While this Agreement is in effect, StanCorp Investment Advisers will have authority to adjust your contribution amount, and invest, reinvest, exchange and trade the assets in your investment account among the investments selected by the plan’s trustees or other fiduciary, all without prior consultation with you, as we deem appropriate. You will receive notice prior to any adjustment of your contribution amount so that you may instruct StanCorp Investment Advisers or its agent not to make that change. You understand that your savings and investment strategy will be based on the personal information you provide, data we have available about your retirement savings and assumptions about future economic results and mortality determined by StanCorp Investment Advisors. If you have assets with another provider that are included on your quarterly statement, we will assume those assets are invested in a portfolio of assets with risk and return characteristics similar to that of your managed portfolio. Further, you acknowledge that this service is intended as a long-term investment program and that the value of your portfolio will fluctuate. We cannot guarantee the profitability of your portfolio. Past performance is no guarantee of future results. You agree that StanCorp Investment Advisers will have no liability for any advice given to you based on inaccurate personal information provided by you or your plan sponsor to us on any information form or by telephone or electronic medium. You also agree that StanCorp Investment Advisers will not be liable for any tax which may result from a securities transaction effected or omitted under this Agreement. We agree not to assign this Agreement within the meaning of the Investment Advisers Act of 1940 as amended without your prior written consent. You acknowledge receipt of our Disclosure Statement, Part II of the Form ADV, as amended to date, or a separate brochure which contains the Part II information. This Agreement constitutes the only agreement between you and StanCorp Investment Advisers with respect to the provision of Mainspring Managed services. Please return this signed document to: Standard Retirement Services, Inc. New Business, P9A 1100 SW Sixth Avenue Portland, Oregon 97204 The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA, distributes group annuity contracts issued by Standard Insurance Company and may provide other brokerage services. Third-party administrative services are provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations. 8 807945 (3/08) Mainspring Supplemental Information Form Messiah College Defined Contribution Retirement Plan #807945 StanCorp Investment Advisers, Inc. will provide a more detailed Savings and Investment Plan if you provide additional information. Please complete this form, which is confidential and is not shared with your employer. If you have questions about how to complete this form, contact the Advisory Service Center at 800.858.5420. SECTION 1: YOUR INFORMATION Social Security Number Last Name First Name Date of Birth SECTION 2: SCOPE OF RECOMMENDATION Check either Yes or No. If you select Yes, you must complete Section 3. If you do not complete Section 3, we cannot include information about your spouse/partner in our recommendations. Yes, I want to include information about my spouse/partner. The recommendations from StanCorp Investment Advisers, Inc. will address the goal of providing a retirement income that will support both me and my spouse/partner. I understand that if I don’t provide the following information about my spouse/partner, StanCorp Investment Advisers cannot include my spouse/partner in its planning. No, I do not want to include information about my spouse/partner. I understand that the recommendations from StanCorp Investment Advisers will focus on providing a retirement income that will support only myself. Please continue to Section 4. Do NOT complete Section 3. SECTION 3: INFORMATION ABOUT YOUR SPOUSE/PARTNER (Complete if you answered "Yes" in Section 2) 1. Are you planning to tap into your retirement savings as of your retirement date, or your spouse/ partner’s retirement date? 2. 3. Spouse/Partner’s Date of Birth (If not provided, we are unable to use your spouse/partner’s retirement date.) Spouse/Partner’s Expected Retirement Age (We will assume age 65 if no response is provided.) 4. Spouse/Partner’s Current Annual Salary (We will assume $0 if no response is provided.) 5. Spouse/Partner’s Retirement Plan - 401(k) _____/_____/_____ _____ $ _________ a. Current Pre-Tax Account Balance (include only your spouse/partner’s pre-tax 401(k) balance) $ _________ b. Current Roth Account Balance (include only your spouse/partner’s Roth 401(k) balance) $ _________ c. Approximate percent of salary your spouse/partner contributes each year (pre-tax) _____% d. Approximate percent of salary your spouse/partner contributes each year (Roth) _____% e. Employer Match (Please indicate a single percentage for your spouse/partner’s match. For example, if your spouse/partner’s plan provides a match of 50% on the first 4% of salary, you would indicate a match of 2% (4% multiplied by 50%)). _____% f. What percent of the current account balance is invested in stocks or stock funds? (If not provided, we will assume a response of “Between 30%-70%.”) Please place in supplied envelope or return signed document to: 807945 Self Spouse/Partner Standard Retirement Services, Inc. 1100 SW Sixth Avenue, P9A Portland, Oregon 97204 Fax: 971.321.7998 Less than 30% Between 30%-70% Greater than 70% Continued on back (3/08) 9 SECTION 4: OTHER RETIREMENT INCOME (Combined totals for you and your spouse/partner) Outside Tax-Deferred Savings (Excluding Current Employer 401(k) Balance) Please provide information about any tax-deferred savings you or your spouse/partner have set aside for retirement. Do not include savings that will be used for other expenses such as college tuition. Examples include: · Retirement plan assets from another employer (If you included your spouse/partner’s retirement 401(k) balance in Section 3, do not add it again here.) · Traditional (pre-tax) Individual Retirement Accounts (IRAs) · Annuities a. Current combined account balance $ _________ b. Approximate combined amount you and your spouse/partner contribute each year $ _________ c. Do you and your spouse/partner plan to increase your contribution as your salary increases? (We will assume “no” if no response is provided.) d. Percent of the current account balance invested in stocks or stock funds? (We will assume “Between 30%-70%” if no response provided.) Yes No Less than 30% 30%-70% Greater than 70% Outside Roth IRA and Roth 401(k) Savings Please provide information about any Roth IRA savings you or your spouse/partner have set aside for retirement. a. Current combined account balance $ ________ b. Approximate combined amount you and your spouse/partner contribute each year $ ________ c. Do you and your spouse/partner plan to increase your contribution as your salary increases? (We will assume “no” if no response is provided.) d. Percent of the current account balance invested in stocks or stock funds? (We will assume “Between 30%-70%” if no response provided.) Yes No Less than 30% 30%-70% Greater than 70% Outside Non-Tax-Deferred Savings Please provide information about any non-tax-deferred savings you and your spouse/partner have set aside for retirement. Examples include: · · · · · Bank Account Certificates of Deposit Mutual Funds not part of a retirement plan Stocks and Bonds not part of a retirement plan Brokerage Accounts a. Current combined account balance $ _________ b. Approximate combined amount you and your spouse/partner contribute each year $ _________ c. Do you and your spouse/partner plan to increase your contribution as your salary increases? (We will assume “no” if no response is provided.) d. Percent of the current account balance invested in stocks or stock funds? (We will assume “Between 30%-70%” if no response provided.) Yes No Less than 30% 30%-70% Greater than 70% Pension Plan Income If you expect to have income from a defined benefit pension plan during retirement, enter the monthly benefit here. Enter amounts for you and your spouse/partner payable at your individual expected retirement dates. You may receive a statement from your Plan Administrator periodically that contains this information. Don’t forget to include any benefits payable from companies from which you’ve terminated employment. Self $_______ (per month) Partner $_______ (per month) Social Security Income Include Social Security Income in retirement planning assumptions? (We will assume "Yes" if no response is provided.) Yes No SECTION 5: EMPLOYEE CERTIFICATION This certifies that all of the above information is accurate. I understand that I am responsible for contacting the Advisory Service Center at 800.858.5420 to update my personal information on a regular basis. _____________________________________________________ ______________________________________________ Signature Date _____________________________________________________ ______________________________________________ Printed Name Social Security Number 10 807945 (3/08) StanCorp Investment Advisers, Inc. www.stancorpadvisers.com 1100 SW Sixth Avenue Portland, OR 97204 tel 971.321.8844 800.378.5742 fax 971.321.5890 This brochure is the StanCorp Investment Advisers, Inc., plain English disclosure brochure. If you have any questions about the contents of this brochure, please call 800.378.5742. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about StanCorp Investment Advisers, Inc., is also available on the SEC’s website at www.adviserinfo.sec.gov. Material Changes On July 28, 2010, the United State Securities and Exchange Commission (“SEC”) published “Amendments to Form ADV” which impacts the disclosure document that we provide to clients. This Brochure dated March 31, 2011 is a new document prepared according to new SEC requirements and is materially different as compared to our previous brochure. In the future, this section of the Brochure will address only “material changes” since our last delivery or posting on the SEC’s public website. Table of Contents • Advisory Business • Fees and Compensation • Performance Based Fees • Types of Clients • Methods of Analysis, Strategies and Risk of Loss • Disciplinary Information • Other Financial Industry Activities and Affiliations • Code of Ethics • Brokerage Practices • Review of Accounts • Client Referrals and other Compensation • Custody • Investment Discretion • Voting Client Securities • Financial Information Advisory Business StanCorp Investment Advisers is a wholly owned subsidiary of StanCorp Financial Group, Inc. (StanCorp). StanCorp is also the holding company for Standard Insurance Company; Standard Life Insurance Company of New York; Standard Retirement Services, Inc.; StanCorp Mortgage Investors, LLC, a commercial loan underwriter; StanCorp Real Estate, LLC, a real estate investment and property management company and StanCorp Equities, Inc., a limited broker-dealer. All of these entities are marketed under the name, The Standard. StanCorp Investment Advisers, Inc., joined the family of subsidiaries under the StanCorp Financial Group umbrella in May 2000. StanCorp Investment Advisers, Inc., provides investment management services to clients with a variety of investment goals. Our largest client is Standard Insurance Company, for whom we manage more than $6 billion of investment-grade, fixed-income securities. The portfolio may include other investment vehicles as necessary to meet the investment objectives of Standard Insurance Company. We also manage third-party investment manager relationships for The Standard. In addition, we offer investment consulting services to the retirement plan clients of Standard Insurance Company and Standard Retirement Services, Inc. These services include: • • • • • • fund selection and monitoring for group variable annuity separate accounts, and the Standard Retirement Services, Inc. Net Asset Value (NAV) platform. development and maintenance of model fund portfolios for defined contribution plans. fund portfolio construction for defined benefit plans. assistance in selecting funds for specific retirement plan menus and portfolios. quarterly monitoring reports reflecting the performance of funds offered to The Standard’s retirement plan clients. participant level advice through the Mainspring Managed service. We provide investment advice to the Reliance Advisory Portfolio Collective Trusts, a series of 15 collective trusts owned by Reliance Trust. These collective trusts invest in unaffiliated mutual funds representing a broad range of asset categories. There are 10 fully diversified portfolios and five style-based portfolios each representing the large-cap, small- and mid-cap, fixed income, short-term fixed income and international equity categories respectively. The Reliance Advisory Portfolio Collective Trusts are available only to clients of Standard Retirement Services, Inc. Our private client service offers fee-only financial planning and investment management using mutual funds, stocks and bonds. Clients work directly with an investment counselor to assess their financial situations, set objectives and determine the most appropriate investment approach for each individual. Investment portfolios are tailored to meet the needs of the specific client. Clients may place restrictions on the investments made in their accounts. Total assets managed at Dec. 31, 2010, were $17.2 billion. Of that, $8.1 billion was managed on a discretionary basis, and $9.1 billion was managed on a non-discretionary basis for retirement plan clients. Fees and Compensation Our fee schedule for individual accounts managed primarily using mutual funds is 1.00 percent for assets up to $1 million, 0.50 percent for assets between $1 million and $5 million and 0.25 percent for assets greater than $5 million. 11 807945 (3/08) Our fee schedule for individual accounts utilizing our active management strategies with mutual funds is 1.00 percent for assets up to $1 million, 0.85 percent for assets from $1 to $3 million, 0.75 percent for assets from $3 to $5 million and 0.50 percent for assets greater than $5 million. Our fee schedule for individual accounts utilizing one of our equity strategies is 1.25 percent for assets up to $1 million, 1.10 percent for assets from $1 million to $3 million, 1.0 percent for assets from $3 million to $5 million and 0.75 percent for assets greater than $5 million. Financial planning only engagements generally have a minimum fee of $2,500. Standard Insurance Company and Standard Retirement Services, Inc., pay a fixed retainer to StanCorp Investment Advisers, Inc., for services provided to all of the retirement plan clients of The Standard. In addition, retirement plan clients pay Standard Retirement Services, Inc., an asset based fee. In some cases, clients pay additional fees to the custodian. Participants enrolled in the Mainspring Managed service may pay Standard Retirement Services, Inc., a per participant fee. Fees are negotiable. Retainer and hourly fees are negotiated at the time of engagement. Asset-based and retainer fees are charged quarterly for services rendered in the previous quarter. Hourly fees are charged within 30 days of the provision of services. Clients may terminate their contracts at any time. The client will be billed from the beginning of the quarter to the termination date. Portfolios that include mutual funds have a layered fee structure. In addition to the management fees paid to StanCorp Investment Advisers, Inc., the mutual funds’ expenses are netted out of the value of the mutual funds. Individual clients may incur transaction charges from their custodian whenever transactions are placed for their accounts. Please see the Brokerage Practices section of this brochure. Clients may choose to have their StanCorp Investment Advisers, Inc., fees deducted from their custody account or they may choose to pay their fees directly. StanCorp Investment Advisers, Inc., may recommend mutual funds that are no-load or those having a 12b-1 fee. In no case does StanCorp Investment Advisers, Inc., receive compensation from mutual fund companies. If a 12b-1 fee is paid, in the case of retirement plans, it is returned to the plan sponsor as a reduction of their Standard Retirement Services, Inc., asset based fee. For private clients, the 12b-1 fee may be retained by the custodian in lieu of transaction fees. StanCorp Equities, Inc., an affiliated broker dealer, does not process transactions. In some cases, it serves as a pass-through for 12b-1 fees for retirement plan clients of Standard Retirement Services, Inc. Clients purchase investments StanCorp Investment Advisers, Inc., recommends through unaffiliated custodians or through the Standard Insurance group variable insurance contract. Performance Based Fees We do not offer performance based fee schedules. Types of Clients StanCorp Investment Advisers, Inc., provides fixed income portfolio management services to our sister subsidiaries. In addition, we provide investment consulting services to the retirement plan clients of Standard Retirement Services, Inc., and Standard Insurance Company as well as some retirement plan clients not administered by our sister subsidiaries. We are the investment adviser to the participants in the Mainspring Managed service offered by Standard Retirement Services, Inc., and the Reliance Trust collective trust portfolios utilized in that service. Our private client service offers financial planning and investment management to individual investors. We also offer services to endowments and other organizations. We require a minimum asset balance of $250,000 for our private client financial planning and investment management service. Methods of Analysis, Investment Strategies and Risk of Loss The fixed income portfolio for The Standard is designed to meet asset liability management requirements of the various insurance product lines offered. Investments for this portfolio include U.S. government, municipal and corporate bonds, commercial paper and other short-term investments and options on the S&P 500 index to hedge specific exposure created by The Standard’s equity index annuity product. Retirement plan clients invest primarily in mutual funds, collective trusts and group variable insurance contracts. Investments are selected and retained based on their long-run adherence to specific performance and portfolio criteria. Portfolios are constructed based on mean return and variance analysis. For private clients, we primarily invest in mutual funds, but where appropriate, include stocks and bonds. These investments are used to populate allocations that are expected to produce returns and risk consistent with the client’s long-run objectives and risk tolerance. Mutual funds are selected and retained based on their long-run adherence to specific performance and portfolio criteria. Our fixed-income and equity selections are based on fundamental and quantitative analysis. Some clients participate in a collared portfolio strategy where options on the clients’ investment securities are purchased and sold in order to create a fully- or partially-funded floor on the portfolios’ performance. In addition, some clients participate in a strategy where covered call options are written in their portfolios to generate additional income. All investments present some risk of loss that clients should be prepared to bear. Stocks have greater return potential but are more volatile than other investment types. Mutual funds may focus on certain sectors that may involve a greater degree of risk than other funds that provide broader diversification. In addition to the normal risks associated with equity investing, investments in smaller and mid-cap companies and narrowly focused investments typically exhibit higher volatility and are less readily marketable than investments in larger companies or more diversified strategies. Similarly, international investing involves certain risks, such as currency fluctuations, economic instability, and political developments. These risks may be accentuated in emerging markets. Real estate investment trusts are subject to special risks, such as tax law changes, and general economic conditions that may affect the value of the underlying real estate assets. Bonds are subject to certain risks including interest-rate risk, credit risk and inflation risk. As interest rates rise, the prices of bonds fall. Derivatives are subject to a number of risks, such as liquidity, interest rate, market, credit and management risk. We rely on a variety of sources of information including but not limited to electronic and print data services, financial publications, credit rating agencies, company regulatory financial filings and press releases. Our mutual fund selections are based on quantitative and qualitative analysis of data provided by various data services and the fund families and investment management firms. 12 807945 (3/08) Disciplinary Information We have no disciplinary actions to disclose. Other Financial Industry Activities and Affiliations StanCorp Investment Advisers, Inc., is one of six subsidiaries that are part of StanCorp Financial Group, Inc. (StanCorp). StanCorp is also the holding company for Standard Insurance Company; Standard Life Insurance Company of New York; Standard Retirement Services, Inc.; StanCorp Mortgage Investors, LLC, a commercial loan underwriter; StanCorp Real Estate, LLC, a real estate investment and property management company and StanCorp Equities, Inc., a limited broker-dealer. All of these entities are marketed under the name, The Standard. The senior management team members of StanCorp Investment Advisers, Inc., are also officers of one or more of the sister subsidiaries and may be engaged in the business of those subsidiaries in addition to the responsibilities they have to StanCorp Investment Advisers, Inc. Julie Grandstaff, CFA, vice president of StanCorp Investment Advisers, Inc., is also the president of StanCorp Equities. StanCorp Equities, Inc., facilitates services to retirement plan clients of Standard Retirement Services, Inc., and Standard Insurance Company. Neither StanCorp Equities, Inc., nor Standard Insurance Company provides advice or service to the private clients of StanCorp Investment Advisers, Inc. Clients of StanCorp Investment Advisers, Inc., may also be clients of Standard Insurance Company, Standard Retirement Services, Inc., StanCorp Mortgage Investors or StanCorp Equities, Inc. StanCorp Investment Advisers, Inc. recommends the use of a stable value product issued by Standard Insurance Company to retirement plan clients of Standard Insurance Company and Standard Retirement Services, Inc. StanCorp Investment Advisers, Inc., receives only the fixed retainer fee from these companies, and does not receive additional compensation when recommending this investment option. Code of Ethics StanCorp Investment Advisers, Inc., maintains a code of ethics that governs the actions of personnel in their dealings with clients. The code covers personal trading, gifts and gratuities and the protection of client information. Any client or prospective client may request a copy of our code of ethics at any time. StanCorp Investment Advisers, Inc., recommends the use of a stable value product issued by Standard Insurance Company to retirement plan clients of Standard Insurance Company and Standard Retirement Services, Inc. In order to overcome the potential conflict of interest this presents, this investment option is evaluated in the same manner as other, non-affiliated, options in this category. In addition, StanCorp Investment Advisers, Inc., receives only the fixed retainer fee from these companies and does not receive additional compensation when recommending this investment option. From time to time, StanCorp Investment Advisers, Inc., staff members may purchase the same securities that are recommended to clients. This could present a potential conflict of interest by encouraging staff members to act on their own behalf before the clients. In order to overcome this conflict, employee transactions are executed in the same block trades as client transactions, with employees receiving pro-rata allocations in the same manner as clients. In addition, employee transactions are monitored to detect inappropriate trading activity. Brokerage Practices StanCorp Investment Advisers, Inc., where applicable, has the discretion to determine the broker and/or institution with which trades are executed, the specific securities that are purchased and the size of transactions without prior client consent, within client established guidelines. Transactions for the Standard Insurance Company portfolio are executed on a competitive basis when possible. If there is not more than one bid or offer, the transactions will be evaluated relative to a matrix of issuers with similar quality and maturity. Transaction size and issuer concentration are governed by the Standard Insurance Company investment policy, which may be changed at any time. Transactions for private clients are executed through a custodian platform. The basis for recommendation of the custodian includes availability of low-cost, high-quality mutual funds on the platform, transaction costs, and the accuracy and quality of trade execution and overall service to the client. StanCorp Investment Advisers, Inc., does not execute trades for soft dollar benefits. We participate in the Schwab Advisor Network to a limited extent. The service is designed to help investors find an independent investment advisor. Schwab is a broker-dealer independent of and unaffiliated with StanCorp Investment Advisers, Inc. Schwab does not supervise StanCorp Investment Advisers, Inc., and has no responsibility for StanCorp Investment Advisers, Inc., management of clients’ portfolios or StanCorp Investment Advisers, Inc., other advice or services. StanCorp Investment Advisers, Inc., pays Schwab fees to receive client referrals through the service. StanCorp Investment Advisers, Inc.’s, participation in the service may raise potential conflicts of interest. We may have an incentive to place client accounts with Schwab over another custodian. In addition to Schwab, our private client assets may be custodied with T.D. Ameritrade, Fidelity or TIAA-Cref. However, Schwab is our preferred custodian. Due the size of the assets we have with Schwab, we have the ability to negotiate favorable transaction charges on behalf of our clients with them. Where individual clients are in specified model portfolios, transactions may be aggregated across relevant clients. This allows us to execute trades at a single price and may reduce transactions costs. Review of Accounts Investment portfolios are reviewed regularly. Fixed-income holdings are monitored for changes in credit quality, business focus and merger activity using alert mechanisms from our various information sources. Mutual funds are monitored for changes in ownership, management or investment strategy. Mutual fund performance, selections and terminations are reviewed at least quarterly, and occasionally more often, by StanCorp Investment Advisers Inc.’s, investment committee for both retirement plan and private clients. Investment management clients receive reports quarterly or more often, detailing holdings, market value and activity. All clients receive a quarterly performance review comparing investment returns to appropriate benchmarks. In addition, private client portfolios are reviewed regularly to determine whether rebalancing is required. Financial plans are also reviewed on a regular basis and updated as needed. Client Referrals and Other Compensation StanCorp Investment Advisers, Inc., may, from time to time, enter into agreements with our employees or unrelated individuals for the purpose of obtaining client referrals. These individuals may be compensated for referring new business to us. 13 807945 (3/08) Custody StanCorp Investment Advisers, Inc., is deemed to have custody of client assets, because in some cases, we deduct our management fee directly from client accounts. However, we do not physically hold client assets. Our clients’ custodians and brokers all provide monthly statements either electronically or in print. StanCorp Investment Advisers, Inc., also provides a quarterly report. Clients are encouraged to compare balances between the custodian statements and the StanCorp Investment Advisers, Inc., quarterly reports, taking into account possible timing differences. Investment Discretion StanCorp Investment Advisers, Inc., takes investment discretion for most private clients and for participants in the Mainspring Managed service through a limited power of attorney in the case of private clients and via a participant agreement in the case of Mainspring Managed participants. For private clients, our investments are governed by the investment policy statement that the client develops with us when they engage our services. Clients have the opportunity to place restrictions on our authority. The Mainspring Managed service moves participant portfolios to more or less aggressive strategies based on the changes in the participants’ situations, such as declining time to retirement, changes in assets relative to the retirement requirements, or other changes reported or requested by the participant. We do not have discretionary authority over retirement plan clients of Standard Retirement Services, Inc., beyond that for the Mainspring Managed service. Voting Client Securities StanCorp Investment Advisers, Inc., may vote client securities for individual clients. In addition, we vote the securities on the Standard Insurance Company group variable contract. We do not vote securities on the Standard Retirement Services, Inc., NAV platform. In general, we vote with the boards of directors, unless the item would significantly change the nature of the investment the clients hold. Clients may obtain a record of our votes as well as our proxy voting policies upon request. Financial Information StanCorp Investment Advisers, Inc., does not have any financial impairment that will preclude the firm from meeting contractual commitments to clients. A balance sheet is not required to be provided because StanCorp Investment Advisers, Inc. does not require prepayment of fees of more than $1,200 per client, six months or more in advance. 14 807945 (3/08) 10.17.2011 TN_Invest_Advisor_Bios.pdf Retirement Plans Advisory Service Center 1100 SW Sixth Avenue Portland, OR 97204 Phone: 800.858.5420 The Advisory Service Center is comprised of the supervised individuals listed in the column to the right. This insert provides information about these supervised individuals and supplements StanCorp Investment Advisers’ (SIA) brochure. You should have received a copy of that brochure. Please contact the Advisory Service Center at 800.858.5420 if you did not receive SIA’s brochure or if you have any questions about the contents of this supplement. Supervised Individuals Matt Kehl Jonas Merrill Jason Rogers Bill Shank Matt Kehl Educational Background And Business Experience • Year of birth: 1983 • Formal Education: Bachelor’s degree in business finance from Western Oregon University • Employers and positions held: Joined The Standard in this role in March 2009; he was previously employed as a stockbroker at Phillips & Company • Disciplinary information: None Other Business Activities • Other investment-related businesses: None • Broker/dealer affiliations: Registered representative, StanCorp Equities, Inc. • Other business activities: None • Additional compensation: None Supervision Matt is supervised by Cary Weischadle, Supervisor, Advisory Service Center. Cary reviews Matt’s advisory work through office interactions and observation. Cary can be reached at 971.321.8007. Jonas Merrill Educational Background And Business Experience • Year of birth: 1981 • Formal Education: Bachelor’s degree in economics from Towson University and a graduate certificate in business management from Johns Hopkins University • Employers and positions held: Joined The Standard in this role in May 2009; he was previously employed as a participant services representative at T. Rowe Price • Disciplinary information: None Other Business Activities • Other investment-related businesses: None • Broker/dealer affiliations: Registered representative, StanCorp Equities, Inc. • Other business activities: None • Additional compensation: None Supervision Jonas is supervised by Cary Weischadle, Supervisor, Advisory Service Center. Cary reviews Jonas’ advisory work through office interactions and observation. Cary can be reached at 971.321.8007. StanCorp Investment Advisers, Inc. 1100 SW Sixth Avenue Portland OR 97204 800.378.5742 www.standard.com Continued 15 Jason Rogers Educational Background And Business Experience • Year of birth: 1974 • Formal Education: Bachelor’s degree in business administration from DeVry Institute of Technology • Employers and positions held: Joined The Standard in this role in May 2009; he was previously employed as an account executive at Fisher Investments and as a financial advisor at USAA • Disciplinary information: None Other Business Activities • Other investment-related businesses: None • Broker/dealer affiliations: Registered representative, StanCorp Equities, Inc. • Other business activities: None • Additional compensation: None Supervision Jason is supervised by Cary Weischadle, Supervisor, Advisory Service Center. Cary reviews Jason’s advisory work through office interactions and observation. Cary can be reached at 971.321.8007. Bill Shank Educational Background And Business Experience • Year of birth: 1981 • Formal Education: Bachelor’s degree in global leadership from Arizona State University • Employers and positions held: Joined The Standard in this role in January 2011; he was previously employed as a financial advisor at USAA • Disciplinary information: None Other Business Activities • Other investment-related businesses: None • Broker/dealer affiliations: Registered representative, StanCorp Equities, Inc. • Other business activities: None • Additional compensation: None TN_Invest_Advisor_Bios.pdf 10.17.2011 Supervision Bill is supervised by Cary Weischadle, Supervisor, Advisory Service Center. Cary reviews Bill’s advisory work through office interactions and observation. Cary can be reached at 971.321.8007. 16 Savings Form Messiah College Defined Contribution Retirement Plan #807945 Sign up now! Simply complete the information below to begin saving in your retirement plan. Return the completed form to: Susan Deitch. YOUR INFORMATION Social Security Number Last Name First Name Mailing Address City State Zip Date of Birth (mm/dd/yy) Date of Hire (mm/dd/yy) E-mail Address Phone HOW MUCH DO YOU WANT TO SAVE? Pre-Tax Savings (Check One) The smallest amount you can contribute is 1% of your compensation. The most you can save during 2013 is $17,500 ($23,000 if you are age 50 or older). Other plan or legal limits may also apply. I elect to contribute as pre-tax contributions: _______ % No pre-tax amounts at this time. I elect to opt out of pre-tax contributions and understand I can enroll at a later time. Roth Savings (Check One) Enter the after-tax amount you wish to contribute to your Roth retirement savings account. The smallest amount you can contribute is 0% of your compensation. The most you can save during 2013 (including any pre-tax contributions) is $17,500 ($23,000 if you are age 50 or older). Other plan or legal limits may also apply. _______ % I elect not to make Roth contributions at this time. I understand I can change my election at a later time. AUTHORIZATION I authorize my employer and the plan administrator to deduct from my earnings the amounts determined by the percentage(s) designated above and to forward such amounts to the Plan. I also direct my employer and the plan administrator to implement any other instructions I have provided on this form. I have read the Disclosure Statement that follows and, by signing here, I agree to be bound by its terms. The employer, trustees and any others concerned with the administration of the Plan are entitled to rely on these instructions; each shall be fully protected in taking or omitting any action under any provisions of the Plan in reliance on the information I have provided and selection I have made. Participant Signature _____________________________________________ Date __________________________ 17 807945 (3/08) NEXT STEPS When you submit this completed form, your employer will implement your contribution request at the first opportunity allowed under the Plan, assuming that you are eligible to participate. When the completed form is received by The Standard, it will be processed within two business days. This form will override any changes previously made using INFOLINE or Personal Savings Center. To make changes to your contribution amount after you have enrolled, please complete a new Savings Form, available from Susan Deitch or on our Web site at www.standard.com/retirement. Please return the completed form to your employer. To speak to a customer service representative you may call INFOLINE at 800.858.5420. To select how you want your money to be invested, please use the Investing Form. DISCLOSURE STATEMENT You must notify The Standard within 15 days of receipt of your quarterly account statement if an error occurred, or if you requested and confirmed an investment transfer or directive change that was not completed during the period covered by the statement. You may give notice by contacting a customer service representative at 800.858.5420 or by e-mailing [email protected]. Unless you give such notice, The Standard will not be liable for any resulting loss to your account. In any case, The Standard will not be liable if circumstances beyond its control prevent the transaction, or if its liability is otherwise limited by regulation or agreement. The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA, distributes group annuity contracts issued by Standard Insurance Company and may provide other brokerage services. Third-party administrative services are provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations. 18 807945 (3/08) Investing Form Messiah College Defined Contribution Retirement Plan #807945 YOUR INFORMATION Social Security Number Last Name First Name Mailing Address City State Zip Date of Birth (mm/dd/yy) Date of Hire (mm/dd/yy) E-mail Address Phone WHERE DO YOU WANT TO INVEST YOUR SAVINGS? The Standard can help you manage your investments when you select a Guided Portfolio. You may also create your own portfolio by completing the Independent section below. If you do not indicate where to invest your savings, your assets will be placed in the plan’s default fund(s). The decisions you make regarding your investments will stay in effect until you modify them via The Standard’s Web site (www.standard.com/retirement) or via INFOLINE (800.858.5420). Complete only one subsection, not both. Guided Portfolios Choose ONE of the Guided Portfolios below by checking the appropriate box. The allocation for each of these portfolios can be found on the reverse side of this form. Conservative Moderately Conservative Moderately Aggressive Aggressive Moderate Independent Select your own investments by entering whole percentages below. Be sure that your selections total 100% and that the minimum in any one investment is 1%. 1Signifies a scheduled fund termination that will occur in the next 120 days. 2Redemption fee may apply to short-term investments. ____% Prudential Guaranteed Inc 38 ____% American Century InflAdjBdIn ____% Metropolitan West TotRe Bd I ____% Vanguard Wellington Inv ____% Invesco Growth and Income Y ____% JPMorgan US Equity Sel ____% TIAA-CREF Instl So Ch Eq Ret ____% Fidelity Spartan 500 Idx Inv ____% MainStay Large Cap Growth I ____% RidgeWorth Md-Cp Val Eq I ____% Aston Fairpointe Mid Cap I ____% Vanguard Mid Cap Index Sig ____% Prudential Jennison MidCap Z ____% Franklin Small Cap Value A ____% Vanguard Small Cap Index Sig ____% Prudential Jennison Sm Co Z ____% American Funds New Prspct R5 ____% Dodge & Cox Intl Stk ____% American Funds EuroPacifc R5 ____% Oppenheimer Devel Markets Y 100% Total AUTOMATIC REBALANCER Check a box below to select the Automatic Rebalancer service for your Plan account. If you select this service, your account assets will be rebalanced to match your investment directives at the time of rebalancing. Automatic Rebalancer will remain off if you do not make a selection below. How often would you like your account rebalanced? Quarterly Semiannually Annually AUTHORIZATION I authorize my employer and the plan administrator to invest my savings as outlined on this form. I also direct my employer and the plan administrator to implement any other instructions I have provided on this form. I have read the Disclosure Statement on this form and, by signing here, I agree to be bound by its terms. The employer, trustees and any others concerned with the administration of the Plan are entitled to rely on these instructions; each shall be fully protected in taking or omitting any action under any provisions of the Plan in reliance on this information. Participant Signature _____________________________________________ Date __________________________ 19 807945 (3/08) GUIDED PORTFOLIO DESCRIPTION Conservative Moderately Conservative Moderate Moderately Aggressive Aggressive Cash Equivalent 30% 20% 10% 0% 0% Prudential Guaranteed Inc 38 30% 20% 10% 0% 0% Bonds 50% 40% 30% 20% 0% Metropolitan West TotRe Bd I 50% 40% 30% 20% 0% Large Cap Stocks 13% 26% 39% 52% 65% Fidelity Spartan 500 Idx Inv 7% 13% 19% 26% 33% MainStay Large Cap Growth I 3% 7% 10% 13% 16% Invesco Growth and Income Y 3% 6% 10% 13% 16% Small/Mid Cap Stocks 4% 8% 12% 16% 20% Prudential Jennison MidCap Z 1% 2% 3% 4% 5% RidgeWorth Md-Cp Val Eq I 1% 2% 3% 4% 5% Vanguard Small Cap Index Sig 2% 4% 6% 8% 10% International Stocks 3% 6% 9% 12% 15% Dodge & Cox Intl Stk 3% 6% 9% 12% 15% NEXT STEPS Your employer will forward the completed form to The Standard. Upon receipt, The Standard will process it within two business days. This form will override any changes previously made using INFOLINE or Personal Savings Center. For information about redemption fees that may apply to certain funds signified by “2” on the reverse side, please contact The Standard at 800.858.5420. To make changes to your account after you have signed up, please use our Web site at www.standard.com/retirement or call INFOLINE at 800.858.5420. To select the amount you wish to save, please use the Savings Form. DISCLOSURE STATEMENT You must notify The Standard within 15 days of receipt of your quarterly account statement if an error occurred, or if you requested and confirmed an investment transfer or directive change that was not completed during the period covered by the statement. You may give notice by contacting a customer service representative at 800.858.5420 or by e-mailing [email protected]. Unless you give such notice, The Standard will not be liable for any resulting loss to your account. In any case, The Standard will not be liable if circumstances beyond its control prevent the transaction, or if its liability is otherwise limited by regulation or agreement. The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA, distributes group annuity contracts issued by Standard Insurance Company and may provide other brokerage services. Third-party administrative services are provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations. 20 807945 (3/08) Beneficiary Designation for Death Benefits Form Messiah College Defined Contribution Retirement Plan #807945 See reverse for instructions and explanation. PARTICIPANT Complete this section (and Spouse section, if necessary), and submit to your employer Name of Participant Social Security Number Date of Birth I have read the explanation on the back of this form. I understand that if I am married and die before I retire, my Plan Benefits will be paid to my spouse. However, I have the right to waive payment to my spouse as sole beneficiary, provided my spouse consents to the waiver. I can revoke this waiver at any time. This designation replaces any previous designation. I designate as my primary beneficiary for benefits from this plan: _________________________________________________ _________________________________________________ Name of Primary Beneficiary (please print) Name of Primary Beneficiary (please print) _________________________________________________ _________________________________________________ Relationship Date of Birth Relationship Date of Birth _________________________________________________ _________________________________________________ Current Address Current Address I designate as my contingent beneficiary for benefits from this plan: _________________________________________________ _________________________________________________ Name of Contingent Beneficiary (please print) Name of Contingent Beneficiary (please print) _________________________________________________ _________________________________________________ Relationship Date of Birth Relationship Date of Birth _________________________________________________ _________________________________________________ Current Address I am married Current Address unmarried If I am married and have designated someone other than my spouse as my beneficiary, this designation will be effective only if my spouse consents to it by signing in the spouse section below. X _______________________________________________ Participant Signature _________________________________________________ Date Please keep a copy of this form for your records SPOUSE Complete this section if the participant designated a non-spouse beneficiary above. Your signature must be witnessed by a Plan Representative or Notary Public. I have read the explanation on the back of this form. I understand that my consent is irrevocable unless my spouse revokes that election. I consent to the beneficiary designation made by the participant. I understand that if the participant dies prior to retirement, any benefits under the Plan will be paid to the designated beneficiary. _________________________________________________ X _________________________________________________ Name of Spouse (please print) Signature of Plan Administrator or Notary Public Date X_________________________________________________ _________________________________________________ Spouse Signature Date Title PLAN REPRESENTATIVE Complete this section if there is no Spouse signature I, __________________________________________, state that it has been established to my satisfaction that spousal consent to this election cannot be obtained because there is no spouse, the spouse cannot be located, or other circumstances make obtaining such spousal consent impossible. X__________________________________________ Plan Representative Signature ________________________________ _________________ Title Date 21 807945 (3/07) INSTRUCTIONS - Participant must complete the “Participant” Section, and if necessary, have his or her spouse complete the “Spouse” Section. - The participant should then return the form to the employer who will complete the “Plan Representative” Section, if applicable, and keep the completed form on file for future reference. EXPLANATION OF DEATH BENEFIT MARRIED PARTICIPANTS If you die before you retire, your retirement plan provides that any plan benefits to which you are entitled will be paid to your surviving spouse. Your surviving spouse is the spouse to whom you were married throughout the one-year period ending on your date of death. However, if your spouse consents in writing, you may designate a beneficiary other than your spouse to receive the benefits. Your spouse’s consent must be witnessed by the Plan Administrator or the Plan Administrator’s representative or by a Notary Public. You may not change your beneficiary designation without your spouse’s written consent. You may revoke your election at any time. To make a new election, you must again obtain your spouse’s written consent. UNMARRIED PARTICIPANTS You may designate a beneficiary to receive any benefits to which you are entitled if you die before you retire. If you marry after completing this form, your beneficiary designation election may no longer be valid and your spouse may be entitled to the benefits described above for married participants. IF YOUR MARITAL STATUS CHANGES OR IF YOU HAVE ANY QUESTIONS ABOUT THIS EXPLANATION, PLEASE CONTACT THE PLAN ADMINISTRATOR. 22 Application for Rollover Form Messiah College Defined Contribution Retirement Plan #807945 See reverse for instructions on completing this form PARTICIPANT INFORMATION Participant Name (please print) Social Security Number Phone Number ROLLOVER CONTRIBUTION INFORMATION See your Summary Plan Description or Plan Administrator for your plan’s rollover provisions. I request the Plan Administrator to accept my rollover, based on the following information. The Plan Administrator reserves the right to require additional evidence that my distribution is from a qualified retirement plan, a tax sheltered annuity, a governmental 457 plan, or an IRA, as allowed by the Plan. Name of distributing plan or IRA custodian:__________________________________________________________________ The requested rollover represents: a. b. c. An eligible rollover distribution from: a qualified retirement plan a tax-sheltered annuity a governmental 457 plan a distribution from a traditional IRA that would otherwise be includable in my gross income. a distribution from a Conduit IRA which consisted solely of an eligible rollover distribution from a qualified plan and any associated earnings, for which I wish to preserve capital gains and averaging treatment. The distribution: will be paid directly from the distributing plan to The Standard on behalf of this Plan. is from another qualified plan; it includes after-tax contributions of $__________, which must be accounted for separately. was paid to me on ______________________. (The Standard must receive distribution within 60 days.) PARTICIPANT’S SIGNATURE I verify that the information provided above is true and complete. I understand that the Plan Administrator may choose not to accept this rollover if it would jeopardize the Plan’s tax status. I also understand that if this rollover is accepted, it will be directed to investments based on my contribution directives in place at the time the rollover is received by The Standard. If I do not have directives in place, the rollover will be deposited into the Plan’s Default Fund. Participant’s Signature Date PAYEE AND MAILING INSTRUCTIONS The distribution check should be payable to Reliance Trust Company and mailed to: Reliance Trust Company FBO: (Participant’s Name) Attn: The Standard Team 1100 Abernathy Road Building 500, Suite 400 Atlanta GA 30328 Attention: Plan No.: 807945 Plan Name: Messiah College Defined Contribution Retirement Plan PLAN ADMINISTRATOR’S ACCEPTANCE As an authorized representative of the Messiah College Defined Contribution Retirement Plan, I certify the Plan Administrator has investigated the rollover requested above and is satisfied that it will not jeopardize this Plan’s qualified status under the Internal Revenue Code. Therefore, the rollover is accepted, and The Standard is authorized to invest these funds as directed and to establish the appropriate additional accounts for the participant. Name and Title (please print) Signature Date 23 807945 (3/07) Rollover Instructions Follow these instructions to initiate a rollover from a qualified retirement plan or conduit IRA. See reverse for Rollover Application. PARTICIPANT: COMPLETE APPLICATION FOR ROLLOVER STEP 1 1. Complete the following sections of The Standard’s Application for Rollover: 2. • Participant Information • Rollover Contribution Information • Participant’s Signature 3. Provide the completed Application for Rollover to the Plan Administrator of your current employer’s plan for approval and submission to The Standard Insurance. Note: A rollover check received by Standard Retirement Services will be returned to the issuing company if a completed Application for Rollover is not also received within 10 business days. QUESTIONS? Call the Participant Communication Team at 800.858.5420. • The source of rollover funds may be a qualified retirement plan, a tax-sheltered annuity, a governmental 457 plan, or an IRA as allowed by your Plan. The Plan Administrator reserves the right to require satisfactory evidence that your distribution is from a source allowed by the Plan. • If the distribution check was made payable to you, the rollover funds must be received by The Standard within 60 days of the date you received the distribution. • If you wish to rollover taxes withheld from your eligible rollover distribution, your check for the amount of the taxes must be received within 60 days of the date you received the distribution. • After-tax money may be eligible for rollover, but only from a qualified plan. After-tax money must be received as a direct rollover to The Standard from your prior plan. Certain types of distributions are not eligible for rollover, including required minimum distributions (on or after age 70 1/2), non-taxable payments (after-tax contributions) from IRAs, periodic payments for your life or for a period of 10 years or more, and hardship withdrawals. PLAN ADMINISTRATOR: REVIEW AND APPROVE STEP 2 1. Review your Plan Document to ensure the requested rollover can be accepted. More detailed instructions may be found in Section 5 of the Administration Guide available on our PlanNet® Web site. 2. If the rollover request is acceptable, complete the following sections of the Application for Rollover Form: • Payee and Mailing Instructions (Include Plan Number and Plan Name.) • Plan Administrator’s Acceptance 3. To avoid processing delays, promptly fax the form to The Standard at 971.321.7998. 4. Provide a copy of the completed form to the Participant. 5. Please endorse as “Payable to The Standard” any rollover check not payable to The Standard. PARTICIPANT: REQUEST ROLLOVER TO THE STANDARD STEP 3 1. Request a rollover from your previous employer’s plan or conduit IRA. If you do not request a direct rollover from your previous employer’s plan, federal income tax will be withheld at the rate of 20% of your taxable distribution. Additional state withholding may also occur. You can roll over up to 100% of the eligible rollover distribution, including the amount that was withheld. If you choose to roll over the amount withheld for taxes, you must deposit the money within the 60-day period. 2. The Distribution check should be payable to Reliance Trust Company and mailed to: Reliance Trust Company FBO : (Participant’s Name) Attn The Standard Team 1100 Abernathy Road Building 500, Suite 400 Atlanta GA 30328 Attention: Plan No.: 807945 Plan Name: Messiah College Defined Contribution Retirement Plan PLEASE NOTE: 24 807945 A rollover check that is received at The Standard will be returned to the issuing company if a Completed Application for Rollover is not received within 10 business days. This completed form must be faxed to the following number: 971.321.7998. (3/07) 403b transfer form_Reliance.pdf 7.14.2011 Standard Retirement Services, Inc. 1100 SW Sixth Avenue Portland OR 97204-1020 971.321.7998 Fax Application for 403(b) Transfer To transfer assets from another Internal Revenue Code section 403(b) account to an account with The Standard, first contact your current provider to initiate the transfer. Then complete this form to notify The Standard that you are transferring assets. Fax this completed form to 971.321.7998. May we contact your prior provider to assist with the transfer process? Yes No PARTICIPANT INFORMATION Participant Name Social Security No. Mailing Address City Date of Birth State Zip Phone No. CURRENT PROVIDER INFORMATION Current 403(b) Provider Name Contract or Account No. Current 403(b) Provider Address AMOUNT AND SOURCE OF FUNDS Estimated employee pre-tax deferral source transfer amount: Estimated employer contribution source transfer amount: Estimated Roth after-tax employee deferral source amount: TOTAL estimated transfer amount: SPECIAL INSTRUCTIONS TO CURRENT PROVIDER Please liquidate the annuity contract or custodial account identi¿ed above and transfer the assets to: Reliance Trust Company Attn: The Standard Team 1100 Abernathy Road Building 500, Suite 400 Atlanta GA 30328 Account Number: For Benefit Of (my name): Contract Number: I understand that this transfer is intended to qualify as a contract exchange or transfer under applicable regulations, and will not constitute actual or constructive receipt for federal income tax purposes. I understand these assets will be treated as pre-tax or Roth contributions and earnings as identi¿ed above and will be invested according to my investment directives currently on ¿le with The Standard or, if I do not have investment directives on ¿le, in a default fund identi¿ed by a plan ¿duciary. I acknowledge the information provided above is true and complete. Participant Signature Date The Plan Sponsor has adopted or will adopt a written 403(b) Plan (“Plan”), which will include The Standard as an approved Provider to receive exchanges/transfers. It is the Sponsor’s intent that the written plan will meet the requirements of section 403(b) of the Internal Revenue Code (“Code”) and the regulations thereunder. The Standard will make available investment options meeting the requirements of section 403(b) of the Code to Plan participants. The Standard will accept the transferred funds for the benefit of this Plan participant and apply the restrictions of Code section 403(b) as applicable. ___________________________________________________________ Print Name of Sponsor The Standard Authorized Signature: _______________________________________ Signature: __________________________________________ Print Name: ________________________________________________ Print Name: _________________________________________ Title: ______________________________________________________ Title: _______________________________________________ Email Address: _____________________________________________ SRS 14368-Reliance 25 (3/09) 26 403b Transfer Insert - Reliance.pdf 10.17.2011 403(b) Transfers What Is A Transfer? A transfer is moving your 403(b) accounts from a prior provider to The Standard. Why Choose The Standard? The Standard has more than 75 years of experience providing security and peace of mind. Transferring your 403(b) to The Standard gives you: !å3MARTå-OVEå&ORå 9OURå2ETIREMENTå-ONEY Saving for retirement – these three words can put a lot of people to sleep, but the decisions involved are among the most important you’ll ever make. At times throughout your career, you might have to decide whether to move your retirement plan account. You might be dissatisfied with your current investment options, or you could just want to consolidate your retirement accounts with a single provider for the sake of simplicity. A 403(b) transfer is one option available to you. Easy access to your account by phone and online. Skilled customer service representatives who can provide personal assistance. A diversified portfolio of quality investment options. A single, easy-to-read statement where you can easily review your retirement investments. This allows you to track progress toward your goals and simplifies your recordkeeping. Why Choose The Standard? When transferring 403(b) money to The Standard from another retirement plan provider, be sure to ask your old provider the following questions and record their answers below: Q: What paperwork is required to transfer my account balance to The Standard? A: Q: Will you accept The Standard’s 403(b) transfer form, which names The Standard as an approved provider under the plan? A: Q: Once you receive the necessary paperwork for the transfer, when will my account balance move to The Standard? A: Q: How will I be notified when this transfer is complete? A: Q: What charges will apply to my transfer? A: Note: The Standard’s 403(b) transfer form must be completed before the transferred money can be credited to your new account. Standard Retirement Services, Inc. 27 403(b) Transfers Checklist Action Items Contact your prior provider. Ask the questions above and complete and send the necessary forms. Usually, they will have a process you must follow. They also may impose a charge for transferring your account. Obtain a copy of your most current statement from your prior provider and verify the balance. Review and choose your investment options from the funds offered by The Standard. Our Investor Profile quiz can help you create a personalized investment plan. (You may wish to select your investment options before transferring your money; otherwise, your funds will be transferred to the plan’s default fund.) Ensure that the transfer check is mailed to The Standard as follows: Reliance Trust Company FBO [Your Name; Plan Name] Attn: The Standard Team 1100 Abernathy Rd. Building 500, Suite 400 Atlanta, GA 30328 Note: Reliance Trust Company serves as custodian for transferred 403(b) accounts. Send a copy of The Standard’s 403(b) transfer form to your previous 403(b) provider along with copies of any other forms your prior provider may require. 403b Transfer Insert - Reliance.pdf 10.17.2011 Keep this and copies of all paperwork for your records. 28 Enroll now! www.standard.com/retirement, 800.858.5420 Special Notice and Plan Overview Messiah College Defined Contribution Retirement Plan This Special Notice and Overview is provided as a quick reference to certain key provisions of the retirement plan. Since the plan is based on a complex legal document, the Overview does not attempt to describe every aspect of the plan or to detail all of its terms. For a more complete description of plan provisions, refer to the Summary Plan Description. If there is a conflict between this Overview and the plan, the plan’s provisions will prevail. This Special Notice and Overview contains important plan information that must be made available to eligible participants. Entering the Plan All employees are eligible to participate in the plan on the first entry date. Certain groups of employees are excluded from participating in the plan, including: √ Matching only - Employees who normally work less than 20 hours per week √ Student employees Entry date is immediate after service requirements, if any, are met. Participant Contributions Participants may contribute to the plan on a pre-tax basis. These contributions, known as “elective deferrals,” must fall within the following range: Minimum 0 percent of compensation Maximum $17,500 in 2013 (additional $5,500 if age 50 or older, plus if you have 15 years of service with a Qualified Organization, and this plan sponsor is a Qualified Organization, you may be eligible to contribute up to an additional $3,000) or maximum allowed by law, whichever is less Other factors may further limit contributions. Traditional 403(b) contributions are made on a pre-tax basis, thus reducing your current taxable income. Your contributions and earnings grow on a tax-deferred basis and will be taxable upon distribution. 29 807945 - W As of July 21, 2013 Roth Contributions Roth contributions allow you to contribute to your retirement account on an after-tax basis. Earnings on Roth contributions will be tax free upon withdrawal if certain conditions are satisfied. To be tax free, the withdrawal cannot occur for at least five years after the first Roth contribution is made to your account and you must be at least age 59½ or disabled. If you die, your beneficiary can take a tax-free withdrawal after the account has been in place for five years. The five-year period is measured from the first day of the tax year in which the first Roth contribution is made. You must declare how your contributions are to be invested - traditional or Roth - before they are made. After money is in a Roth account, it cannot be transferred into a traditional pre-tax 403(b) account. You may stop contributing to the Roth account and start contributing to the traditional 403(b), but the Roth and pre-tax accounts will remain separate. Regardless of whether you choose a traditional 403(b) deferral or a Roth 403(b) contribution, you may change your contribution percentage or re-enter the plan on the first day of any future payroll period. Contact your payroll department for details. If necessary, you may stop your contributions on the first day of any payroll period with reasonable advance notice. Your participant contributions to either a traditional 403(b) or a Roth 403(b) are 100 percent vested - which means that you own them - at all times. Please consider your options carefully prior to making an enrollment selection. Qualified Default Investment Alternative Notice You can direct how your contributions are invested among the available investment options. If you do not direct how your contributions should be invested, they will be invested in the following Qualified Default Investment Alternative (QDIA): Investment Vanguard Wellington Inv Default Directive Percent 100% Make sure that your directives cover 100 percent of your contributions. If you direct less than 100 percent of your contributions, the entire amount will be invested in the investment option(s) described above. However, you can transfer your assets from the QDIA to other investment options, without penalty. You may use the Personal Savings Center at www.standard.com/retirement or the Fee Disclosure section of this document to find out more about your account, including a description of the default investment option, its investment objectives, risk and return characteristics, and any applicable fees and expenses. Employer Contributions To help you reach your retirement goals, we may match your contribution to the plan. Please refer to your Summary Plan Description for the details of the matching contribution formula. You will become vested in - which means you will earn ownership of - the matching contribution according to this schedule: Years of Service Vested Percentage Less than 2 2 or more 0% 100% Vesting Service Employees earn credit toward vesting for all plan years in which they work at least 1,000 hours with our company. Individuals who were employed on the plan’s effective date will qualify for vesting credit for their prior service with our firm on the same basis. 30 807945 - W As of July 21, 2013 Loans You may qualify to borrow a portion of your vested account balance under the terms of the plan’s Loan Policy. The Loan Policy spells out specific details and restrictions, including the amounts that you may borrow from the plan, repayment terms, loan fees and interest rates. The Loan Policy is available on the Personal Savings Center Web site at www.standard.com/retirement. We recommend that you consider other sources for your loan needs before borrowing from your retirement account. Distributions and Withdrawals A distribution from your account may be available to you or your beneficiary at: • normal retirement, which is age 59.5 • age 59.5 while still employed • financial hardship (as defined by the plan) • termination of employment • death or disability Additional requirements for distributions may also exist. Please review your Summary Plan Description for complete details. Rolling over retirement accounts Combining assets from several retirement accounts is much easier now than in the past. Plans may now accept rollovers from: • 401(k) and other qualified retirement plans • governmental deferred compensation (457) plans • tax-sheltered annuities (TSAs) and IRAs Follow the instructions on the “Application for Rollover” form available on Personal Savings Center at www.standard.com/retirement. Rollover money received by the plan will be invested according to your investment directives for new contributions. If you have received a distribution check from a retirement plan, you must complete a rollover within 60 days of receipt. If the rollover is not completed within this period, the distribution cannot be rolled over and becomes taxable income. It may also be subject to a 10 percent early withdrawal penalty. Questions If you have questions about the plan, please contact Susan Deitch. To contact a Customer Service Representative at the plan’s service partner, The Standard, e-mail [email protected] anytime or call 800.858.5420 between 5:00 a.m. and 5:00 p.m. Pacific Time. If you have received this notice electronically, you can obtain a paper copy or supplemental materials described in this notice from your plan administrator or the human resources department. 31 807945 - W As of July 21, 2013 ERISA 404(c) Notice and Information Participants in The Messiah College Defined Contribution Retirement Plan are responsible for directing the investment of their own retirement accounts. Your plan has several investment options in which you can invest some or all of your account. Using these investment options, you can build a portfolio that delivers the mix of risk and return that is most appropriate for your circumstances. By taking an active role as an investor of your retirement account, you also have the opportunity to make investment choices that could potentially deliver better returns for your account than would otherwise be possible. At the same time your decisions may also result in investment losses or returns that are lower than might have been possible had other choices been made. The Employee Retirement Income Security Act (ERISA) provides regulations regarding the investment of retirement plan assets. Section 404(c) of ERISA states that a plan fiduciary is not responsible for the investment choices made by plan participants. By meeting all of the requirements under Section 404(c), the fiduciary may be relieved of fiduciary responsibility for the asset allocation decisions made by plan participants. Fiduciaries of a Section 404(c) plan are not liable for losses that result from plan participants’ exercise of control over the assets in their retirement plan accounts. The Messiah College Defined Contribution Retirement Plan intends to qualify as an ERISA Section 404(c) plan. As part of the effort to ensure full compliance with the requirements of Section 404(c), the plan will: • Let you choose from at least three different, internally diversified* investment options that have materially different risk and return characteristics; • Permit you to transfer your retirement account assets among the investment options on any business day (although other considerations will affect the frequency of your trades); and • Provide you with the opportunity to obtain sufficient information to make informed investment decisions. *Diversification does not ensure against loss. More information about your plan’s fees and investment options Frequent Trading Policy Your retirement plan is intended to help you accumulate assets for your retirement. The plan and the services provided by The Standard have been designed to help support your long-term investment needs throughout your working and retirement years. The plan is not intended to facilitate frequent trades among investment options or provide “day trading” opportunities. Short-term trading adversely affects the plan’s operations and increases the expenses of both the plan and the investment options. The Standard’s agreements with our mutual fund alliance partners require us to adhere to trading rules established in the prospectuses. Besides normal contribution activity, generally one purchase and one redemption in an investment option during a 90-day period is considered reasonable transfer activity. Trading activity will be monitored. If excessive transfer activity is identified, we may suspend the participant’s ability to execute transfers through the Personal Savings Center Web site and INFOLINE telephone system. Any transfers will have to be requested using paper forms and will be executed according to trading guidelines. This may lead to delays in the execution of requested transactions. Descriptions of the plan’s fees and investment options are included in the following pages. Each investment option description provides basic information including investment objectives, fund managers, relative risk, fees and a snapshot of its holdings. Additional information is available through the Personal Savings Center, The Standard’s website for retirement plan participants. The performance page provides performance information for all of the investment options. Click on the name of the investment option for more information about that option, including a link to the mutual fund company’s website where you can view a prospectus. 32 807945 - W As of July 21, 2013 Fee Disclosure Messiah College Defined Contribution Retirement Plan As of July 21, 2013 About This Information Retirement plan sponsors are required by the Department of Labor to disclose the fees related to your plan. This document provides the required information. Section One contains information covering your participation in the plan and plan-level fees that may be charged to your account. Section Two contains comparative fee and performance information for each investment option provided in your plan. If you have any questions about this information, you can either call 800.858.5420 to speak to a customer representative or talk to your plan administrator. Section One - Participation and Plan-Level Fees General Plan Information Investment Instructions: To direct or make changes to how your account will be invested among the plan’s designated investment options, you must complete and submit an Investing Form. If your plan offers the service, you can enroll or make changes to your directives online at www.standard.com/retirement. You may direct the investment of all funds held in your plan account. Limitations on Instructions: You may give investment instructions on any day the New York Stock Exchange is open for business. Certain restrictions on trading may apply depending on the investment option. Many investment options, such as mutual funds, impose restrictions on frequent trading. The plan is not intended to facilitate frequent trades among investment options or provide “day trading” opportunities. Short-term trading adversely affects the plan’s operations and increases the expenses of both the plan and the investment options. The Standard’s agreements with our mutual fund alliance partners require us to adhere to trading rules mutually-agreed upon by Standard and the fund company. Section Two below provides more information on these restrictions. The Standard’s Frequent Trading Restriction Procedures: In reviewing for frequent trading, Standard performs a weekly review of participant-directed transactions in order to identify participants who have more than one round-trip during a 90-day period (a “frequent trader”). If a participant has been identified as a frequent trader, a warning letter is sent to the participant. If frequent trading activity continues, the participant’s ability to trade via the participant website and the interactive voice response system will be suspended for 90 days. During this period, the participant will be required to submit written requests to trade. Each request will be evaluated, and executed only if it complies with frequent trading rules. After 90 days, the participant’s privileges are reinstated. If the participant has a subsequent violation, their trading privileges will be suspended indefinitely and they will be required to submit written requests to trade. Certain mutual fund companies require us to follow different parameters. For specific details please call your customer representative at 800.858.5420 or your plan administrator. Voting and Other Rights: The trustee will exercise any voting or other rights associated with ownership of investments held in your plan account. Designated Investment Options: The plan provides designated investment options into which you can direct the investment of your account. The chart shown in Section Two of this notice lists the options and provides various information about them. 33 807945 - W As of July 21, 2013 Plan Administrative and Individual Expenses There are certain fees and expenses associated with your plan, such as recordkeeping, compliance, consulting and accounting. Unless the plan sponsor, which is typically your employer, elects to pay some or all of those expenses, they will be paid from the plan assets, which will affect your account balance. The cost for these services fluctuates each year based on a variety of factors including the total amount of assets in your plan. These fees may be reduced by amounts paid by mutual fund companies to The Standard. The Standard passes these amounts back to the plan to reduce or offset fees. The fees shown in the Plan Administrative Fees Table are fees that are not part of the total annual operating expenses. Other services may be provided periodically to the plan as necessary for consulting, compliance and custodial services. To the extent these expenses are not charged against forfeitures or paid by the employer, or reimbursed by a third party, the plan may charge these expenses against participant accounts. Annual Plan Administrative Fees Fee Name Fee Amount Plan Administrative Fees (including applicable recordkeeping, accounting, compliance and consulting services. The fees reflect an annual amount deduction proportionally on a quarterly basis) 0.30% assessed on total plan assets, allocated pro rata among participant accounts The Plan’s Administrative fees vary based on the total amount of assets in the Plan. The Fee Amount shown reflects the rate charged as of the date of this notice. 0.30% assessed on total plan assets, allocated pro rata among participant accounts1 Eligible Participants with a Balance Annual fee of $15.00 allocated to participant accounts on a per capita basis plus Individual Fees The plan may also impose specific charges against individual participant accounts for certain transactions. These charges may arise based on your use of a feature available under the plan (such as taking a distribution or for processing a qualified domestic relations order in case of a divorce). Additionally, buying or selling some investments may result in charges to your individual account, such as redemption fees. The Section Two charts below provide information on these investment charges. Fee Name Fee Amount Qualified Domestic Relations Order $200.00 minimum Mainspring Managed Account - Employee Paid Up to $10.00 per month Distribution Approvals $25.00 per event Overnight Delivery $30.00 per event Paper Distribution $75.00 per event Paper Distributions upon Death/ Disability/ Retirement $75.00 per event Paper Loan $125.00 per event Paperless Distribution $50.00 per event Paperless Distributions upon Death/ Disability/ Retirement $50.00 per event Paperless Loan $100.00 per event 34 807945 - W As of July 21, 2013 35 4.76% Metropolitan West TotRe Bd I/Intermediate Bond 807945 - W -5.46% 1yr. 8.68% 4.07% 5yr. 6.99% 4.78% 10yr. 7.15% 5.74% Since Inception Average Annualized Total Return provided as of 06/30/13 American Century InflAdjBdIn/Inflation-Protected Bond Bond Name/ Type of Option VARIABLE RETURN INVESTMENTS 4.41% 5yr. 5.19% 10yr. — Since Inception 6.82% 5.25% 6.88% BarCap US Govt/Credit 5-10 Yr TR USD -0.55% BarCap US Treasury US TIPS TR USD -4.78% 1yr. Benchmark 0.41% 0.48% Mutual Fund Expenses 0.41% 0.48% As a % $4.10 $4.80 Per $1,000 Total Operating Expenses *Shareholder Type Fees As of July 21, 2013 This Variable Return Investment Table focuses on the performance and costs of investment options that do not have a fixed or stated rate of return. The table below shows how these options have performed over time and allows you to compare them with an appropriate benchmark for the same time periods. Past performance does not guarantee how the investment option will perform in the future. Your investment in these options could lose money. Information about the principal risks of each option is available on the website. Variable Return Investments To help achieve long-term retirement security, you should give careful consideration to the benefits of a well-balanced and diversified investment portfolio. Spreading your assets among different types of investments can help you achieve a favorable rate of return while minimizing your overall risk of losing money. The tables below show, for the Variable Return Investments, the Total Annual Operating Expenses of each option. Total Annual Operating Expenses are expenses that reduce the rate of return of the investment option. For Fixed Return Investments, the tables focus on the performance of the investment option. The tables also show shareholder-type fees, which are in addition to the Total Annual Operating Expenses. You may not be charged some of these shareholder-type fees, depending on the fund companies’ policies with respect to qualified plans, and your individual circumstances. In addition, mutual fund companies may make revenue sharing payments, in the form of asset based fees, which are collected for the benefit of your plan. These revenue sharing payments may be applied to reduce the fees and expenses associated with your plan (whether the plan sponsor is billed for the services, or the amount is deducted from plan assets) and/or plan pricing, which includes The Standard’s fees. Any revenue sharing payments may also be allocated among participants. The amount of revenue sharing payments differs among the mutual funds. Information about an option’s principal risks and revenue sharing as well as other important information is available in Personal Savings Center by visiting www.standard.com/retirement and selecting performance from the top menu bar. This section illustrates the performance of investment options and shows how these options have performed over time. Including all funds in comparative tables allows you to compare them with appropriate benchmarks for the same time periods. If you would like additional information about the investment options, you can go to the website below. You may also call a customer service representative at 800.858.5420 for a free paper copy of the information available on the website. Section Two - Comparative Fee and Performance Information 36 20.50% 23.24% 24.16% 16.15% Fidelity Spartan 500 Idx Inv/Large Cap Blend JPMorgan US Equity Sel/Large Cap Blend TIAA-CREF Instl So Ch Eq Ret/Large Cap Blend MainStay Large Cap Growth I/Large Cap Growth 34.07% 25.00% 14.78% 30.57% 25.74% 21.52% Aston Fairpointe Mid Cap I/Mid-Cap Blend Vanguard Mid Cap Index Sig/Mid-Cap Blend Prudential Jennison MidCap Z/Mid Cap Growth Franklin Small Cap Value A/Small Cap Vanguard Small Cap Index Sig/Small Cap Prudential Jennison Sm Co Z/Small Cap 807945 - W 27.45% RidgeWorth Md-Cp Val Eq I/Mid Cap Value Small/Mid Cap 25.57% 1yr. 7.92% 10.15% 8.12% 8.12% 7.93% 10.03% 12.21% 5.86% 7.23% 8.04% 6.95% 7.67% 5yr. 11.04% 10.85% 10.35% 11.31% 10.46% 11.89% 12.17% 8.67% 7.58% 8.29% 7.22% 8.20% 10yr. 9.09% 6.34% 9.38% 10.08% 5.16% 10.18% 9.37% 8.09% 8.70% 6.16% 9.70% 7.37% Since Inception Average Annualized Total Return provided as of 06/30/13 Invesco Growth and Income Y/Large Cap Value Large Cap Name/ Type of Option VARIABLE RETURN INVESTMENTS 7.79% 10yr. 7.67% 7.67% 7.67% 7.47% 7.40% Russell 1000 TR 7.12% Russell 1000 TR 7.12% Russell 1000 TR 7.12% 8.87% 10.92% 9.95% 8.28% 10.65% 9.08% 8.28% 10.65% 5.43% 7.61% 9.94% 7.75% 9.30% 9.53% 8.89% 9.62% Russell 2000 TR 8.77% Russell 2000 Value TR 8.59% Russell 2000 Growth TR 23.67% 24.21% 24.76% 5.65% 4.70% 9.88% Russell Mid Cap Growth TR 22.88% Russell Mid Cap TR USD 25.41% Russell Mid Cap TR USD 25.41% Russell Mid Cap Value TR 27.65% 7.10% 8.70% 5.84% 10.05% 6.54% Since Inception Russell 1000 Value TR 6.67% 5yr. Russell 1000 Growth TR 17.07% 21.24% 21.24% 21.24% 25.32% 1yr. Benchmark 0.87% 0.10% 1.27% 0.76% 0.10% 0.86% 1.07% 0.79% 0.43% 0.79% 0.10% 0.59% Mutual Fund Expenses 0.87% 0.10% 1.27% 0.76% 0.10% 0.86% 1.07% 0.79% 0.43% 0.79% 0.10% 0.59% As a % $8.70 $1.00 $12.70 $7.60 $1.00 $8.60 $10.70 $7.90 $4.30 $7.90 $0.95 $5.90 Per $1,000 Total Operating Expenses *Shareholder Type Fees As of July 21, 2013 37 15.82% 7.87% American Funds EuroPacifc R5/Foreign Oppenheimer Devel Markets Y/Diversified Emerging Mkts 7.22% 5.48% 1.43% 1.61% 5.30% 5yr. 8.19% 18.09% 9.86% 11.32% 10.09% 10yr. 8.19% 11.35% 7.80% 8.02% 8.20% Since Inception 7.25% 10yr. -0.80% 8.62% 5.17% 5.53% Since Inception MSCI World NR USD 2.70% 5yr. -0.80% 8.62% 6.78% 13.66% 5.54% 8.28% MSCI EM NR USD -0.43% — 7.80% Morningstar Moderately Aggr Target Risk 15.11% 2.87% MSCI AC World Ex USA NR USD 13.63% MSCI AC World Ex USA NR USD 13.63% 18.58% 1yr. Benchmark 807945 - W *This table shows the fees elected by the fund. You may not be charged this full amount depending on individual circumstances. Vanguard Wellington Inv/Balanced 14.90% 23.47% Dodge & Cox Intl Stk/Foreign Other 19.91% 1yr. Average Annualized Total Return provided as of 06/30/13 American Funds New Prspct R5/World Stock International Stock Name/ Type of Option VARIABLE RETURN INVESTMENTS 0.25% 1.03% 0.55% 0.64% 0.50% Mutual Fund Expenses 0.25% 1.03% 0.55% 0.64% 0.50% As a % $2.50 $10.30 $5.50 $6.40 $5.00 Per $1,000 Total Operating Expenses *Shareholder Type Fees As of July 21, 2013 38 2.15% Return 181 Days Term The rate of return on 06/30/13 was 2.15%. This rate is fixed for 181 days, but will never fall below a guaranteed minimum rate of 1.0%. Most current rate of return information is available on www.standard.com/retirement. Other 0.10% Mutual Fund Expenses Many fixed return investments include restrictions on withdrawals depending upon a variety of factors. For any applicable restrictions see the information provided on this fund by logging into Personal Savings Center from www.standard.com/retirement. Shareholder Type Fees and Restrictions 807945 - W 1.00% 0.75% 0.60% 0.52% 0.46% 0.40% 0.35% 0.30% From $.00 to $1,000,000.00 From $1,000,000.01 to $2,500,000.00 From $2,500,000.01 to $5,000,000.00 From $5,000,000.01 to $8,000,000.00 From $8,000,000.01 to $12,000,000.00 From $12,000,000.01 to $16,000,000.00 From $16,000,000.01 to $20,000,000.00 From $20,000,000.01 to $9,999,999,999,999.99 Tiered Rate : Plan Administration 1 As noted above, your Administrative fees vary based on the total amount of assets in the Plan. Following are the table(s) of applicable asset-based rates: As of July 21, 2013 If you need additional information about your investment options, you may call a customer service representative at 800.858.5420. You may also find information by logging into Personal Savings Center from www.standard.com/retirement. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings. Visit the Department of Labor’s website for an example showing the long-term cumulative effect of fees and expenses at http://www.dol.gov/ebsa/publications/401k_employee.html. Fees and expenses are only one of many factors you should consider when making your investment decision. Consideration should also be given to whether investment decisions, combined with your other investments held outside the plan, will help you achieve your financial goals. In providing this information, The Standard makes no representation as to the completeness and accuracy of the current disclosure materials of the issuer of designated investment options or information replicated from such materials. Copyright Morgan Stanley Capital International, Inc. 2013 All Rights Reserved. Unpublished. PROPRIETARY TO MORGAN STANLEY CAPITAL INTERNATIONAL, INC. © 2013 Dow Jones & Company, Inc. © 2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Prudential Guaranteed Inc 38/Cash Equivalent Name/ Type of Option FIXED RETURN INVESTMENTS This Fixed Return Investments Table focuses on the performance and costs of investment options that have a fixed or stated rate of retun. It shows the annual rate of return of each option, the term or length of time that you will earn this rate of return, and other information relevant to performance. Fixed Return Investments 39 807945 - W This glossary is intended to help you better understand your options. As of July 21, 2013 Please visit Personal Savings Center at www.standard.com/retirement for a glossary of investment terms relevant to the investment options under this plan. How To Read A Fund Fact Sheet Example: ABC Balanced Fund (ABCBF) Morningstar Category, Rating, Return And Risk Fund fact sheets don’t always look alike. Some include graphics, others have more facts and figures, many use different headings for the same subjects. However, most of them contain the same basic information. A fund name, “ABC Balanced Fund” in the example, often indicates the type of fund. The ticker symbol, “ABCBF” in the example, is an identifying number that can be used to do more research. A high-level overview that includes the fund’s asset class, as well as several assessments that compare it to similar funds to obtain a “star rating” based on performance (after adjusting for risk and accounting for all sales charges), its excess return over a risk-free rate (the return of the 90-day Treasury bill), and its variations in monthly returns. Investment Strategy A description of the fund’s aims or objectives as well as investment strategies, such as: Capital Preservation – Seeks to protect against loss of principal, uses a conservative investment approach focused on low risk Growth And Income – aims for some income and some growth, uses a moderate approach with higher risk than capital preservation Aggressive Growth – seeks capital appreciation, employs aggressive highrisk strategies aimed at higher long-term returns than the other approaches This section can include more details about investment strategies such as focusing on certain sectors of the market, or employing a bottom-up (company-by-company) approach to investing. Volatility Analysis An attempt to quantify the risk associated with investing in the fund based on its short-term volatility relative to its long-term past performance. Portfolio Analysis Facts and figures such as: Composition – a graphic representation of the fund’s holdings into broad asset classes such as stocks, bonds or cash. Top 5 Holdings – the top five largest holdings in the fund by company/ government agency or industry; an indicator of diversification Total Number Of Holdings – the number of holdings in the fund; an indicator of diversification (lower risk) versus concentration (higher risk) Annual Turnover Ratio % – the percentage of the investment option’s holdings that have been “turned over” or replaced with other holdings in a given year Total Fund Assets – the total amount of investor money in the fund Morningstar Style Box™ – the size and type of companies (in the case of stocks) or the length and quality of bonds, often in a grid or box that indicates its risk/return potential STN_How_to_Read_FFS.pdf 10.17.2011 Morningstar Super Sectors – a breakdown of the fund’s assets according to Morningstar’s overarching consolidation of all industries into one of three “economic spheres” 40 Standard Retirement Services, Inc. Credit Analysis: % Bonds – a depiction of the quality of bonds in the fund’s portfolio. Bonds rated AAA are considered to have the lowest default risk among issuers. Bonds rated below BBB are considered below investment grade and bonds rated B or below are considered speculative Risk Measures – uses standard deviation to measure the fund’s historical price volatility on an absolute basis. The higher the number, the more volatile the fund Operations Fund Inception Date – The day on which a fund began offering shares Portfolio Manager/Management Company – names of the people and firms who are managing the fund and/or providing sub-advisory services STN_How_to_Read_FFS.pdf 10.17.2011 Web Site: Web address of the fund company managing the investment option Enroll now! www.standard.com/retirement, 800.858.5420 41 Prudential Guaranteed Income Fund Release Date 06-30-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Stable Value Investment Objective & Strategy . Portfolio Analysis Composition as of 03-31-13 % Assets Morningstar Style Box™ as of 03-31-13 0.0 0.0 0.0 100.0 Med Low Synthetic GICs Traditional GICs Cash Other High The Guaranteed Income Fund (GIF) is a Stable Value fund designed to provide safety of principal, liquidity, and a competitive rate of return. . . Ltd What do Stable Value Funds invest in? Stable value funds tend to invest in high-quality bonds with short- to intermediate-term maturities. They also purchase insurance contracts which aim to provide price stability on a day-to-day basis. The horizontal axis of the Morningstar fixed-income Style Box shows duration, a measure of how the funds price will change in response to interest-rate changes. Because stable value funds insurance contracts usually prevent any fluctuations in the funds prices, these funds are insulated from interest-rate volatility and their duration is effectively zero. 42 Mod Ext Operations Fund Inception Date Total Fund Assets ($mil) Portfolio Manager Management Company Web Site 01-01-11 17,356.00 Management Team Prudential Investment Management, Inc. www.prudential.com/pfi Volatility Analysis Risk: Below Average In the past, this investment has shown a relatively small range of price fluctuations relative to other investments. Based on this measure, currently more than two-thirds of all investments have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. American Century Infl-Adj Bond Inv ACITX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Inflation-Protected Bond Above Average QQQQ Below Average Out of 179 Inflation-Protected Bond funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a relatively small range of price fluctuations relative to other investments. Based on this measure, currently more than two-thirds of all investments have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. -50 0 50 100 Total Top 5 Holdings as of 12-31-12 100.0 % Assets US Treasury Note 1.125% 01-15-21 US Treasury Note 07-15-21 US Treasury Bond 3.875% 04-15-29 US Treasury Note 0.125% 01-15-22 US Treasury Bond 2.375% 01-15-25 6.08 5.71 4.67 4.64 4.42 ........................................................................................................... Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 0 137 26.00 5,346.55 Avg Eff Duration Avg Eff Maturity Avg Wtd Coupon Avg Wtd Price Low Risk: Below Average ............................................................................................. -100 Morningstar Fixed Income Style Box ™ as of 12-31-12 0.0 0.0 99.3 0.7 0.0 Med Volatility Analysis %Net U.S. Stocks Non-U.S. Stocks Bonds Cash Other High The investment seeks total return and inflation protection consistent with investment in inflation-indexed securities. Under normal market conditions, the fund invests at least 80% of its assets in inflation-adjusted debt securities. It may invest up to 20% of its assets in traditional U.S. Treasury, U.S. government agency or other non-U.S. government securities that are not inflation-indexed. Portfolio Analysis Composition as of 12-31-12 Ltd Mod 6.49 9.26 1.79 122.09 Ext Credit Analysis: % Bonds as of 12-31-12 AAA AA A BBB 96 1 2 1 Risk Measures as of 03-31-13 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha BB B Below B Not Rated 0 0 0 0 Port Avg Rel LB Aggr Rel Cat 4.42 1.25 1.20 0.29 . . 1.08 1.24 0.74 Operations Fund Inception Date Portfolio Manager Management Company Web Site 02-10-97 Robert V. Gahagan American Century Inv Mgt, Inc. ipro.americancentury.com/ipro/ Metropolitan West Total Return Bond I MWTIX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Intermediate-Term Bond High QQQQQ Average Out of 1004 Intermediate-Term Bond funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus Ltd Top 5 Holdings as of 12-31-12 % Assets US Treasury Note 0.75% 10-31-17 US Treasury Note 0.75% 06-30-17 US Treasury Note 1.625% 11-15-22 US Treasury Bond 2.75% 08-15-42 US Treasury Note 04-15-17 5.61 4.73 2.94 1.82 1.65 ........................................................................................................... Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 1 1103 156.00 24,805.46 Avg Eff Duration Avg Eff Maturity Avg Wtd Coupon Avg Wtd Price Low In the past, this investment has shown a relatively small range of price fluctuations relative to other investments. Based on this measure, currently more than two-thirds of all investments have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. Morningstar Fixed Income Style Box ™ as of 12-31-12 0.1 0.0 90.6 4.8 4.4 Med Volatility Analysis Risk: Below Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other High The investment seeks to maximize long-term total return. The fund normally invests at least 80% of its net assets in investment grade fixed income securities or unrated securities that are determined by the Adviser to be of similar quality. Up to 20% of its net assets may be invested in securities rated below investment grade. Under normal conditions, the portfolio duration is two to eight years and the dollar-weighted average maturity ranges from two to fifteen years. The fund invests in the U.S. and abroad, including emerging markets, and may purchase securities of varying maturities issued by domestic and foreign corporations and governments. Portfolio Analysis Composition as of 12-31-12 Mod 4.16 6.73 3.76 98.90 Ext Credit Analysis: % Bonds as of 12-31-12 AAA AA A BBB 61 6 10 7 Risk Measures as of 03-31-13 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha BB B Below B Not Rated 4 2 9 0 Port Avg Rel LB Aggr Rel Cat 2.51 0.71 4.37 1.04 . . 0.93 0.89 2.59 Operations Fund Inception Date Portfolio Manager 03-31-00 Tad Rivelle Management Company Web Site Metropolitan West Asset Management, LLC. www.mwamllc.com 43 Vanguard Wellington Inv VWELX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Moderate Allocation High QQQQQ Average Out of 802 Moderate Allocation funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus High Med Low In the past, this investment has shown a relatively moderate range of price fluctuations relative to other investments. This investment may experience larger or smaller price declines or price increases depending on market conditions. Some of this risk may be offset by owning other investments with different portfolio makeups or investment strategies. Morningstar Style Box™ as of 12-31-12 (EQ) ; 12-31-12 (F-I) 56.1 9.2 32.8 0.9 1.0 Small Volatility Analysis Risk: Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks to provide long-term capital appreciation and reasonable current income. The fund invests 60% to 70% of its assets in dividend-paying and, to a lesser extent, non-dividend-paying common stocks of established large and mid-size companies. The advisor seeks those that appear to be undervalued but have prospects for improvement. The remaining 30% to 40% of the assets are invested mainly in fixed income securities that the advisor believes will generate a reasonable level of current income. These securities include investment-grade corporate bonds, with some exposure to U.S. Treasury and government agency bonds, and mortgage-backed securities. Portfolio Analysis Composition as of 12-31-12 Value Blend Growth Ltd Mod Ext Morningstar Super Sectors as of 12-31-12 % Fund Top 5 Holdings as of 12-31-12 % Assets Exxon Mobil Corporation Wells Fargo & Co Pfizer Inc JPMorgan Chase & Co US Treasury Note 0.25% 2.20 1.99 1.82 1.71 1.70 Cyclical 28.44 Sensitive 41.63 Defensive 29.92 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 98 1064 31.00 70,642.03 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 9.70 0.98 1.48 Rel Cat 0.65 . . 0.92 0.93 -1.83 Operations Fund Inception Date Portfolio Manager Management Company 07-01-29 Edward P. Bousa Web Site Wellington Management Company, LLP www.vanguard.com Invesco Growth and Income Y ACGMX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Large Value Above Average QQQQ Average Out of 1045 Large Value funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a relatively moderate range of price fluctuations relative to other investments. This investment may experience larger or smaller price declines or price increases depending on market conditions. Some of this risk may be offset by owning other investments with different portfolio makeups or investment strategies. 44 % Mkt Cap Morningstar Style Box™ as of 12-31-12 87.8 6.8 0.0 5.4 0.0 Small Volatility Analysis Risk: Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks income and long-term growth of capital. Under normal market conditions, Invesco Advisers, Inc. (the Adviser), the fund's investment adviser, seeks to achieve the fund's investment objective by investing primarily in a portfolio of income-producing equity securities (although investments are also made in non-convertible preferred stocks and debt securities). It focuses primarily on the security's potential for income and capital growth. The Adviser may invest to a larger degree in larger capitalization (or large cap) companies which it believes possess characteristics for improved valuation. Portfolio Analysis Composition as of 12-31-12 Giant 45.01 Large Medium Small 45.13 9.86 0.00 .......................................................... .......................................................... Micro 0.00 Value Blend Growth Top 5 Holdings as of 12-31-12 % Assets Morningstar Super Sectors as of 12-31-12 % Fund 5.23 3.32 2.78 2.70 2.70 Cyclical 36.09 Sensitive 33.54 Defensive 30.36 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha JPMorgan Chase & Co General Electric Co Citigroup Inc Invesco Short Term Inv Liq Assets Instl Invesco Treasurer's Ser Tr Prem Instl Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 74 0 25.00 7,752.65 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 15.98 1.05 -2.79 1.06 . . Operations Fund Inception Date Portfolio Manager 10-19-04 Thomas Bastian Management Company Web Site Invesco Advisers, Inc www.invesco.com Rel Cat 1.02 1.03 1.67 Fidelity Spartan 500 Index Inv FUSEX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Large Blend Above Average QQQQ Average Out of 1474 Large Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus Risk: Average In the past, this investment has shown a relatively moderate range of price fluctuations relative to other investments. This investment may experience larger or smaller price declines or price increases depending on market conditions. Some of this risk may be offset by owning other investments with different portfolio makeups or investment strategies. % Mkt Cap Morningstar Style Box™ as of 02-28-13 96.6 2.4 0.0 1.0 0.0 Small Volatility Analysis % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks to provide investment results that correspond to the total return performance of common stocks publicly traded in the United States. The fund normally invests at least 80% of assets in common stocks included in the S&P 500® Index, which broadly represents the performance of common stocks publicly traded in the United States. It lends securities to earn income. Portfolio Analysis Composition as of 02-28-13 Giant 50.72 Large Medium Small 36.52 12.66 0.09 .......................................................... .......................................................... Micro 0.00 Value Blend Growth Morningstar Super Sectors as of 02-28-13 % Fund Top 5 Holdings as of 02-28-13 % Assets Apple Inc Exxon Mobil Corporation General Electric Co Chevron Corp Google, Inc. Class A 3.00 2.95 1.76 1.66 1.54 Cyclical 31.03 Sensitive 42.86 Defensive 26.11 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 501 0 5.00 55,643.84 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 15.00 1.00 -0.08 Rel Cat 1.00 . . 0.95 0.96 0.04 Operations Fund Inception Date Portfolio Manager Management Company 02-17-88 Patrick Waddell Web Site Fidelity Management & Research Company www.fidelity.com JPMorgan US Equity Sel JUESX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Large Blend Above Average QQQQ Average Out of 1474 Large Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus Risk: Average In the past, this investment has shown a relatively moderate range of price fluctuations relative to other investments. This investment may experience larger or smaller price declines or price increases depending on market conditions. Some of this risk may be offset by owning other investments with different portfolio makeups or investment strategies. % Mkt Cap Morningstar Style Box™ as of 02-28-13 94.7 3.7 0.0 1.6 0.0 Small Volatility Analysis % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks to provide high total return from a portfolio of selected equity securities. The fund invests at least 80% of assets in equity securities of U.S. companies. In implementing its strategy, the fund primarily invests in common stocks of large- and medium-capitalization U.S. companies but it may also invest up to 20% of its assets in common stocks of foreign companies, including depositary receipts. Portfolio Analysis Composition as of 02-28-13 Giant 44.04 Large Medium Small 41.43 13.93 0.60 .......................................................... .......................................................... Micro 0.00 Value Blend Growth Morningstar Super Sectors as of 02-28-13 % Fund Top 5 Holdings as of 02-28-13 % Assets Apple Inc Johnson & Johnson Wells Fargo & Co United Technologies Corp Google, Inc. Class A 2.99 2.37 2.37 2.33 2.30 Cyclical 33.28 Sensitive 42.23 Defensive 24.50 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 225 0 83.00 8,213.05 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 16.18 1.07 -1.80 1.08 . . Rel Cat 1.02 1.03 0.89 Operations Fund Inception Date Portfolio Manager 09-07-01 Thomas Luddy Management Company Web Site J.P. Morgan Investment Management Inc. www.jpmorganfunds.com 45 TIAA-CREF Social Choice Eq Retire TRSCX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Large Blend Above Average QQQQ Average Out of 1474 Large Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus Risk: Average In the past, this investment has shown a relatively moderate range of price fluctuations relative to other investments. This investment may experience larger or smaller price declines or price increases depending on market conditions. Some of this risk may be offset by owning other investments with different portfolio makeups or investment strategies. % Mkt Cap Morningstar Style Box™ as of 01-31-13 96.9 2.3 0.0 0.8 0.0 Small Volatility Analysis % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks a favorable long-term total return that reflects the investment performance of the overall U.S. stock market while giving special consideration to certain social criteria. Under normal circumstances, the fund invests at least 80% of its assets in equity securities. It attempts to track the return of the U.S. stock market as represented by its benchmark, the Russell 3000® Index, while investing only in companies whose activities are consistent with the fund's social criteria. Its investments are subject to certain environmental, social and governance ("ESG") criteria. The fund may invest up to 15% of its assets in foreign investments. Portfolio Analysis Composition as of 01-31-13 Giant 21.21 Large Medium Small 56.97 16.25 4.46 .......................................................... .......................................................... Micro 1.11 Value Blend Growth Top 5 Holdings as of 01-31-13 % Assets Morningstar Super Sectors as of 01-31-13 % Fund 1.77 1.69 1.65 1.61 1.48 Cyclical 34.19 Sensitive 41.86 Defensive 23.96 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha International Business Machines Corp Procter & Gamble Co Johnson & Johnson Google, Inc. Class A Berkshire Hathaway Inc Class B Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 844 0 17.00 1,440.76 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 15.60 1.03 -0.92 1.04 . . Rel Cat 0.98 0.99 0.46 Operations Fund Inception Date Portfolio Manager Management Company Web Site 10-01-02 Anne Sapp Teachers Advisors, Inc. www.tiaa-cref.org MainStay Large Cap Growth I MLAIX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Large Growth Above Average QQQQ Average Out of 1482 Large Growth funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus Risk: Above Average In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. 46 % Mkt Cap Morningstar Style Box™ as of 01-31-13 96.0 2.7 0.0 1.4 0.0 Small Volatility Analysis % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks long-term growth of capital. The fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in large capitalization companies, which are companies having a market capitalization in excess of $4 billion at the time of purchase. The Subadvisor invests substantially all of the fund's investable assets in domestic securities. However, the fund is permitted to invest up to 20% of its net assets in foreign securities, which are generally securities issued by companies organized outside the U.S. and traded primarily in markets outside the U.S. Portfolio Analysis Composition as of 01-31-13 Giant 40.55 Large Medium Small 47.66 11.79 0.00 .......................................................... .......................................................... Micro 0.00 Value Blend Growth Top 5 Holdings as of 01-31-13 % Assets Morningstar Super Sectors as of 01-31-13 % Fund 4.10 3.91 3.68 3.16 3.10 Cyclical 38.26 Sensitive 41.54 Defensive 20.21 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Apple Inc Union Pacific Corp Visa, Inc. Danaher Corporation Monsanto Company Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 67 0 60.00 17,934.94 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 17.62 1.14 -2.54 1.17 . . Rel Cat 1.05 1.06 1.05 Operations Fund Inception Date Portfolio Manager 04-01-05 R. Bartlett Wear Management Company Web Site New York Life Investment Management LLC www.mainstayinvestments.com RidgeWorth Mid-Cap Value Equity I SMVTX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Mid-Cap Value High QQQQ Above Average Out of 362 Mid-Cap Value funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus Risk: Above Average In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. % Mkt Cap Morningstar Style Box™ as of 02-28-13 94.5 0.0 0.0 5.5 0.0 Small Volatility Analysis % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks to provide capital appreciation; current income is as a secondary objective. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in U.S.-traded equity securities of mid-capitalization companies. The subadviser considers mid-capitalization companies to be companies with market capitalizations similar to those of companies in the Russell Midcap® Value Index. Portfolio Analysis Composition as of 02-28-13 Giant 0.00 .......................................................... Large Medium Small 34.79 47.79 17.42 .......................................................... Micro 0.00 Value Blend Growth Top 5 Holdings as of 02-28-13 % Assets Morningstar Super Sectors as of 02-28-13 % Fund 3.29 3.02 2.80 2.72 2.58 Cyclical 40.58 Sensitive 43.11 Defensive 16.30 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Cigna Corp Johnson Controls Inc Joy Global, Inc. Cabot Corporation QEP Resources Inc Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 69 0 182.00 2,713.17 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 20.68 1.32 -3.35 Rel Cat 1.38 . . 1.17 1.17 2.03 Operations Fund Inception Date Portfolio Manager Management Company Web Site 11-30-01 Don Wordell RidgeWorth Investments www.ridgeworth.com ASTON/Fairpointe Mid Cap I ABMIX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Mid-Cap Blend Above Average QQQ Above Average Out of 348 Mid-Cap Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus Risk: Above Average In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. % Mkt Cap Morningstar Style Box™ as of 12-31-12 95.8 1.2 0.0 3.0 0.0 Small Volatility Analysis % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks long-term total return through capital appreciation. Under normal conditions, the fund invests at least 80% of its assets in mid-cap stocks of companies with an improving revenue and earnings growth outlook. It defines a mid-cap company as one having a market capitalization of between $1 and $12 billion at the time of acquisition. The portfolio managers select approximately 40 - 50 stocks based on bottom-up fundamental analysis. The fund may invest in small-cap stocks, convertible securities, and foreign securities (directly and through depositary receipts). Portfolio Analysis Composition as of 12-31-12 Giant 0.00 .......................................................... Large Medium Small 4.11 68.45 23.53 .......................................................... Micro 3.91 Value Blend Growth Top 5 Holdings as of 12-31-12 % Assets Morningstar Super Sectors as of 12-31-12 % Fund 3.81 3.49 3.34 3.27 3.27 Cyclical 36.61 Sensitive 42.28 Defensive 21.12 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Boston Scientific, Inc. H&R Block Inc Gannett Co Inc DeVry, Inc. Itron Inc. Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 45 0 28.06 3,695.73 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 20.95 1.32 -3.17 Rel Cat 1.40 . . 1.13 1.13 1.54 Operations Fund Inception Date Portfolio Manager 07-06-04 Thyra E. Zerhusen Management Company Web Site Aston Asset Management, LP www.astonfunds.com 47 Vanguard Mid Cap Index Signal VMISX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Mid-Cap Blend Average QQQ Average Out of 348 Mid-Cap Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. % Mkt Cap Morningstar Style Box™ as of 12-31-12 97.1 2.8 0.0 0.1 0.0 Small Volatility Analysis Risk: Above Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. The fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. Portfolio Analysis Composition as of 12-31-12 Giant 0.00 .......................................................... Large Medium Small 4.91 94.12 0.97 .......................................................... Micro 0.00 Value Blend Growth Top 5 Holdings as of 12-31-12 % Assets Morningstar Super Sectors as of 12-31-12 % Fund 0.52 0.51 0.51 0.48 0.46 Cyclical 39.47 Sensitive 38.85 Defensive 21.69 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha CF Industries Holdings Inc Mattel, Inc. Pioneer Natural Resources Company Delphi Automotive PLC Cerner Corporation Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 450 0 17.00 32,535.57 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 17.41 1.13 -0.07 Rel Cat 1.16 . . 0.94 0.97 0.03 Operations Fund Inception Date Portfolio Manager Management Company Web Site 03-30-07 Donald M. Butler Vanguard Group, Inc. www.vanguard.com Prudential Jennison Mid Cap Growth Z PEGZX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Mid-Cap Growth Above Average QQQQQ Below Average Out of 645 Mid-Cap Growth funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a relatively moderate range of price fluctuations relative to other investments. This investment may experience larger or smaller price declines or price increases depending on market conditions. Some of this risk may be offset by owning other investments with different portfolio makeups or investment strategies. % Mkt Cap Morningstar Style Box™ as of 02-28-13 89.8 7.0 0.0 3.2 0.0 Small Volatility Analysis Risk: Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its investable assets in equity and equity-related securities of medium-sized companies with the potential for above-average growth. In deciding which equities to buy, it uses what is known as a growth investment style. The fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. Portfolio Analysis Composition as of 02-28-13 Giant 0.00 .......................................................... Large Medium Small 26.19 71.50 1.99 .......................................................... Micro 0.33 Value Blend Growth Top 5 Holdings as of 02-28-13 % Assets Morningstar Super Sectors as of 02-28-13 % Fund 3.24 2.41 2.18 2.08 1.99 Cyclical 24.78 Sensitive 53.15 Defensive 22.08 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Prudential Core Invt 12-31-49 Crown Castle International Corp Ametek, Inc. DaVita HealthCare Partners Inc VeriSign, Inc. Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 94 0 49.00 8,511.94 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 15.04 0.95 1.39 1.00 . . Operations Fund Inception Date Portfolio Manager 48 12-31-96 John Mullman Management Company Web Site Prudential Investments LLC www.prudentialfunds.com Rel Cat 0.84 0.85 -1.09 Franklin Small Cap Value A FRVLX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Small Value Average QQQ Average Out of 286 Small Value funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus Risk: Above Average In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. % Mkt Cap Morningstar Style Box™ as of 12-31-12 93.0 4.3 0.0 2.7 0.0 Small Volatility Analysis % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks long-term total return. The fund normally invests at least 80% of its net assets in investments of small-capitalization (small-cap) companies. Small-cap companies are companies with market capitalizations (the total market value of a company's outstanding stock) under $3.5 billion at the time of purchase. It generally invests in equity securities that the fund's investment manager believes are undervalued and have the potential for capital appreciation. The fund invests primarily in common stocks. It may invest up to 25% of its total assets in foreign securities. Portfolio Analysis Composition as of 12-31-12 Giant 0.00 .......................................................... Large Medium Small 0.80 30.75 46.72 Micro 21.73 .......................................................... Value Blend Growth Top 5 Holdings as of 12-31-12 % Assets Morningstar Super Sectors as of 12-31-12 % Fund 2.31 2.28 2.02 2.01 2.01 Cyclical 45.71 Sensitive 48.59 Defensive 5.70 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Protective Life Corp Thor Industries, Inc. Group 1 Automotive Inc Reliance Steel and Aluminum Trinity Industries, Inc. Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 103 0 5.18 1,957.97 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 21.42 1.33 -2.43 1.43 . . Rel Cat 1.10 1.09 0.87 Operations Fund Inception Date Portfolio Manager Management Company Web Site 03-11-96 William J. Lippman Franklin Advisory Services, LLC www.franklintempleton.com Vanguard Small Cap Index Signal VSISX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Small Blend Above Average QQQQ Above Average Out of 604 Small Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. % Mkt Cap Morningstar Style Box™ as of 12-31-12 98.2 1.2 0.0 0.6 0.0 Small Volatility Analysis Risk: Above Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies. The fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. Portfolio Analysis Composition as of 12-31-12 Giant 0.00 .......................................................... Large Medium Small 0.00 22.89 58.31 Micro 18.80 .......................................................... Value Blend Growth Top 5 Holdings as of 12-31-12 % Assets Morningstar Super Sectors as of 12-31-12 % Fund 0.56 0.24 0.24 0.24 0.23 Cyclical 42.13 Sensitive 40.34 Defensive 17.53 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha CMT Market Liquidity Rate Apartment Investment & Management Mednax, Inc. NCR Corporation American Capital Ltd Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 1750 0 14.00 27,276.11 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 19.69 1.26 -0.74 1.31 . . Rel Cat 0.98 1.00 0.39 Operations Fund Inception Date Portfolio Manager 12-15-06 Michael H. Buek Management Company Web Site Vanguard Group, Inc. www.vanguard.com 49 Prudential Jennison Small Company Z PSCZX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Small Growth Above Average QQQQ Average Out of 645 Small Growth funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. % Mkt Cap Morningstar Style Box™ as of 02-28-13 94.1 2.0 0.0 3.9 0.0 Small Volatility Analysis Risk: Above Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks capital growth. The fund normally invests at least 80% of investable assets in equity and equity-related securities of small, less well-known companies that the investment subadviser believes are relatively undervalued. In deciding which stocks to buy, it uses a blend of both value and growth styles. The investment subadviser currently considers small companies to be those with a market capitalization less than the largest market capitalization of the Russell 2500 Index at the time of investment. Portfolio Analysis Composition as of 02-28-13 Giant 0.00 .......................................................... Large Medium Small 0.01 38.93 52.14 .......................................................... Micro 8.93 Value Blend Growth Top 5 Holdings as of 02-28-13 % Assets Morningstar Super Sectors as of 02-28-13 % Fund 3.90 2.25 1.78 1.75 1.59 Cyclical 39.28 Sensitive 45.30 Defensive 15.40 ........................................................................................................... 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Prudential Core Invt 12-31-49 Air Methods Corp. Rosetta Resources, Inc. White Mountains Insurance Group Ltd. Universal Health Services, Inc. Class B Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 160 0 47.00 2,935.85 Risk Measures as of 03-31-13 Port Avg Rel S&P 500 17.91 1.11 -0.54 Rel Cat 1.19 . . 0.90 0.90 0.34 Operations Fund Inception Date Portfolio Manager Management Company Web Site 03-01-96 John Mullman Prudential Investments LLC www.prudentialfunds.com American Funds New Perspective R5 RNPFX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category World Stock Above Average QQQQQ Below Average Out of 743 World Stock funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a relatively moderate range of price fluctuations relative to other investments. This investment may experience larger or smaller price declines or price increases depending on market conditions. Some of this risk may be offset by owning other investments with different portfolio makeups or investment strategies. 50 % Mkt Cap Morningstar Style Box™ as of 12-31-12 38.7 53.3 0.3 5.6 2.1 Small Volatility Analysis Risk: Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks long-term growth of capital; future income is a secondary objective. The fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships by investing in common stocks of companies located around the world. In pursuing its primary investment objective, it invests primarily in common stocks that the investment adviser believes have the potential for growth. In pursuing its secondary objective, the fund invests in common stocks of companies with the potential to pay dividends in the future. Portfolio Analysis Composition as of 12-31-12 Giant 55.92 Large Medium Small 34.14 9.94 0.00 .......................................................... .......................................................... Micro 0.00 Value Blend Growth Top 5 Holdings as of 12-31-12 % Assets Novo Nordisk A/S Amazon.com Inc Google, Inc. Class A Home Depot, Inc. Naspers Ltd 4.98 2.35 1.71 1.67 1.42 ........................................................................................................... Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 201 4 16.00 46,604.84 Morningstar Super World Regions as of 12-31-12 % Fund Americas Greater Europe Greater Asia 46.92 40.10 12.98 Risk Measures as of 03-31-13 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Port Avg Rel S&P 500 16.08 0.81 5.02 1.07 . . Operations Fund Inception Date Portfolio Manager 05-15-02 Gregg E. Ireland Management Company Web Site Capital Research and Management Company www.americanfunds.com Rel Cat 0.93 0.98 1.42 Dodge & Cox International Stock DODFX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Foreign Large Blend Above Average QQQQ High Out of 708 Foreign Large Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. % Mkt Cap Morningstar Style Box™ as of 12-31-12 5.5 93.0 0.0 0.3 1.2 Small Volatility Analysis Risk: Above Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks long-term growth of principal and income. The fund invests primarily in a diversified portfolio of equity securities issued by non-U.S. companies from at least three different countries, including emerging markets. It normally invests at least 80% of its total assets in common stocks, preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks of non-U.S. companies. The fund invests primarily in medium-to-large well established companies based on standards of the applicable market. Portfolio Analysis Composition as of 12-31-12 Giant 52.37 Large Medium Small 38.74 8.26 0.64 .......................................................... .......................................................... Micro 0.00 Value Blend Growth Top 5 Holdings as of 12-31-12 % Assets Naspers Ltd Sanofi Roche Holding AG Lafarge SA Koninklijke Philips Electronics NV 3.99 3.72 3.64 3.37 2.95 ........................................................................................................... Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 96 0 10.00 42,802.04 Morningstar Super World Regions as of 12-31-12 % Fund Americas Greater Europe Greater Asia 10.42 73.68 15.91 Risk Measures as of 03-31-13 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Port Avg Rel S&P 500 20.49 1.05 -0.14 Rel Cat 1.37 . . 1.07 1.08 0.88 Operations Fund Inception Date Portfolio Manager Management Company Web Site 05-01-01 Diana Strandberg Dodge & Cox www.dodgeandcox.com American Funds EuroPacific Gr R5 RERFX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Foreign Large Blend Above Average QQQQQ Below Average Out of 708 Foreign Large Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. % Mkt Cap Morningstar Style Box™ as of 12-31-12 0.1 90.3 1.0 6.4 2.2 Small Volatility Analysis Risk: Above Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks long-term growth of capital. The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investment adviser believes have the potential for growth. Growth stocks are stocks that the investment adviser believes have the potential for above-average capital appreciation. It normally invests at least 80% of net assets in securities of issuers in Europe and the Pacific Basin. The fund may invest a portion of its assets in common stocks and other securities of companies in countries with developing economies and/or markets. Portfolio Analysis Composition as of 12-31-12 Giant 61.92 Large Medium Small 32.55 5.45 0.08 .......................................................... .......................................................... Micro 0.00 Value Blend Growth Top 5 Holdings as of 12-31-12 % Assets Novo Nordisk A/S Samsung Electronics Co Ltd Novartis AG SOFTBANK Corp Bayer AG 3.74 2.79 2.01 2.00 1.76 ........................................................................................................... Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 297 11 24.00 107,516.66 Morningstar Super World Regions as of 12-31-12 % Fund Americas Greater Europe Greater Asia 4.87 55.43 39.70 Risk Measures as of 03-31-13 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Port Avg Rel S&P 500 18.34 0.93 0.37 1.22 . . Rel Cat 0.95 0.96 -2.31 Operations Fund Inception Date Portfolio Manager 05-15-02 Stephen E. Bepler Management Company Web Site Capital Research and Management Company www.americanfunds.com 51 Oppenheimer Developing Markets Y ODVYX Release Date 03-31-2013 .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating™ Morningstar Return Morningstar Risk Morningstar Category Diversified Emerging Mkts High QQQQQ Below Average Out of 356 Diversified Emerging Mkts funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. Investment Objective & Strategy From investment's prospectus In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. 52 % Mkt Cap Morningstar Style Box™ as of 02-28-13 0.0 92.8 0.0 6.2 0.9 Small Volatility Analysis Risk: Above Average % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other Large Mid The investment seeks capital appreciation aggressively. The fund mainly invests in common stocks of issuers in developing and emerging markets throughout the world and at times it may invest up to 100% of its total assets in foreign securities. Under normal market conditions, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in a developing market, i.e. are in a developing market or are economically tied to a developing market country. The fund will invest in at least three developing markets. Portfolio Analysis Composition as of 02-28-13 Giant 44.66 Large Medium Small 40.69 13.78 0.86 .......................................................... .......................................................... Micro 0.00 Value Blend Growth Top 5 Holdings as of 02-28-13 % Assets Oppenheimer Institutional Money Market E Baidu, Inc. ADR America Movil, S.A.B. de C.V. ADR NHN Corporation Anglo American PLC 6.25 3.65 2.74 2.18 2.06 ........................................................................................................... Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil) 120 0 20.00 33,436.35 Morningstar Super World Regions as of 02-28-13 % Fund Americas Greater Europe Greater Asia 23.63 32.04 44.33 Risk Measures as of 03-31-13 3 Yr Std Dev 3 Yr Beta 3 Yr Alpha Port Avg Rel S&P 500 19.79 0.91 2.82 1.32 . . Rel Cat 0.95 0.97 -2.35 Operations Fund Inception Date Portfolio Manager 09-07-05 Justin Leverenz Management Company Web Site OFI Global Asset Management www.oppenheimerfunds.com NAVdisclosure.pdf 7.14.2011 Important Disclosures A redemption fee may apply to short-term investments. The Standard charges fees in addition to those charged by the Fund. Investments are subject to market risks and fluctuate in value. Past performance is no guarantee of future results. Plan sponsors and participants should carefully consider the investment objectives, risks, charges and expenses of the investment options offered under the retirement plan before investing. The prospectuses for the individual mutual funds contain this and other important information. Prospectuses may be obtained by calling 877.805.1127. Please read the prospectus carefully before investing. NOT A DEPOSIT – NOT FDIC INSURED – NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY – NOT GUARANTEED BY THE INSTITUTION – MAY GO DOWN IN VALUE Morningstar Rating™ Often simply called the Star Rating, the Morningstar Rating brings load-adjustments, performance (returns) and risk together into one evaluation. To determine a fund’s star rating for a given time period (three, five, or 10 years), the fund's risk-adjusted return is plotted on a bell curve: If the fund scores in the top 10% of its category, it receives 5 stars (Highest); if it falls in the next 22.5% it receives 4 stars (Above Average); a place in the middle 35% earns 3 stars (Average); those lower still, in the next 22.5%, receive 2 stars (Below Average); and the bottom 10% get only 1 star (Lowest). The Overall Morningstar Rating is a weighted average of the available three-, five-, and 10-year ratings. Morningstar Return This statistic is a measurement of a fund’s excess return over a risk-free rate (the return of the 90-day Treasury bill), after adjusting for all applicable loads and sales charges. In each Morningstar Category, the top 10% of funds earn a High Morningstar Return, the next 22.5% Above Average, the middle 35% Average, the next 22.5% Below Average, and the bottom 10% Low. Morningstar Return is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for the fund. Funds with less than three years of performance history are not rated. Morningstar Risk This statistic evaluates the variations in a fund’s monthly returns, with an emphasis on downside variations. In each Morningstar Category, the 10% of funds with the lowest measured risk are described as Low Risk, the next 22.5% Below Average, the middle 35% Average, the next 22.5% Above Average, and the top 10% High. Morningstar Risk is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for the fund. Funds with less than three years of performance history are not rated. Risk Measures R-squared reflects the percentage of a fund’s movements that are explained by movements in its benchmark index, showing the degree of correlation between the fund and the benchmark. Beta is a measure of a fund’s sensitivity to market movements. A portfolio with a beta greater than 1 is more volatile than the market, and a portfolio with a beta less than 1 is less volatile than the market. Alpha measures the difference between a fund’s actual returns and its expected performance, given its level of risk (as measured by beta). Sharpe ratio uses standard deviation and excess return to determine reward per unit of risk. securities in the portfolio. The investor should be aware of the possible higher level of volatility, and increased risk of default. The investor should also be aware that as interest rates rise, bond prices will fall. Funds that invest in Derivatives: Funds that invest in derivatives are subject to a number of risks, such as liquidity risk, interest rate risk, market risk, credit risk, and management risk. A Fund investing in a derivative instrument could lose more than the principal amount invested, as stated in the Fund's prospectus. Real Estate Funds: Real estate investment funds are subject to risks, such as market forces, that may affect the values of their underlying real estate assets. Standard deviation is a statistical measure of the volatility of the fund’s returns. Morningstar Style Box™ The Morningstar Style Box reveals a fund’s investment strategy. For equity funds and fixed-income funds respectively, the vertical axis shows the market capitalization of the stocks owned or the average credit quality of the bonds owned. The horizontal axis shows investment style (value, blend, or growth) or interest rate sensitivity as measured by a bond’s duration (short, intermediate or long). Duration is a measure of interest-rate sensitivity-the longer a fund’s duration, the more sensitive the fund is to shifts in interest rates. Investment Risk Foreign Securities Funds/Emerging Markets Funds: Funds that invest in foreign securities involve special additional risks. These risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks. Sector Funds: Funds that invest exclusively in one sector or industry involve additional risks. The lack of industry diversification subjects the investor to increased industry-specific risks. Non-Diversified Funds: Funds that invest more of their assets in a single issuer involve additional risks, including share price fluctuations, because of the increased concentration of investments. Small Cap Funds: Funds that invest in stocks of small companies involve additional risks. Smaller companies typically have a higher risk of failure, and are not as well established as larger blue-chip companies. Historically, smaller-company stocks have experienced a greater degree of market volatility than the overall market average. Mid Cap Funds: Funds that invest in companies with market capitalizations below $10 billion involve additional risks. The securities of these companies may be more volatile and less liquid than the securities of larger companies. High-Yield Bond Funds: Funds that invest in lower-rated debt securities (commonly referred to as junk bonds) involve additional risks because of the lower credit quality of the ©2009 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com. 53 00001001000001 54 00001001_E_000001_ABC123 00001001000001 Plan sponsors and participants should carefully consider the investment objectives, risks, charges and expenses of the investment options offered under the retirement plan before investing. The prospectuses for the individual mutual funds and each available investment option in the group annuity contain this and other important information. Prospectuses may be obtained by calling 877.805.1127. Please read the prospectus carefully before investing. Investments are subject to market risk and fluctuate in value. The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA, distributes group annuity contracts issued by Standard Insurance Company and may provide other brokerage services. Third-party administrative services are provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations. Retirement Account Information and Management Tools Messiah College One College Avenue Suite 3015 Mechanicsburg, PA 17055 PHONE 800.858.5420 between 5 a.m. and 5 p.m. Pacific time, 8 a.m and 8 p.m. Eastern WEBSITE www.standard.com/retirement Standard Retirement Services, Inc. 1100 SW Sixth Avenue Portland, OR 97204 800.858.5420 www.standard.com/retirement 807945 (08/07/2013) NMC-ENG-REENR 00001001_E_000001_ABC123