City of Detroit Deferred Compensation Plan · City of Detroit is pleased to offer you a retirement...
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RS2070_FRCVR 714 City of Detroit Deferred Compensation Plan Prepared for:
Transcript of City of Detroit Deferred Compensation Plan · City of Detroit is pleased to offer you a retirement...
RS2070_FRCVR 714
City of Detroit Deferred Compensation Plan
Prepared for:
RS2070_WELCOME 614
Welcome
Matt Groulx Plan Administrator Phone: 313-224-9226 Email: [email protected]
City of Detroit is pleased to offer you a retirement plan as a benefit to help you save and invest for
retirement. It’s one way to thank you for your contribution to the organization’s success.
This booklet walks you through the basics of the City of Detroit Deferred Compensation Plan and how
to get started. You’ll also find information to help you make a plan for your life in the future that
works for your life right now.
Please review the enclosed information carefully to get started as soon as you can.
If you have questions or for more information, please visit www.massmutual.com/serve, or contact
your benefits administrator.
We hope you’ll take full advantage of this important benefit.
EASY ACCESS to your account
RS2070_ACCESS RS-34180-02 1218
Two easy ways to monitor and manage your account.
1. ONLINE
Log into our website at www.massmutual.com/serve. Here you can access powerful retirement planning tools and calculators, and manage your account — anytime, from virtually anywhere.
You’ll be able to:
• Obtain current account balances
• Change your investment options
• Perform account transactions
• Transfer (exchange) balances between investment options*
• Check current investment prices and performance
• View and download your quarterly electronic statements
• Reset/enable your PIN and user ID
If you are having trouble accessing your account for the first time, please contact your Participant Service Center at 1-800-528-9009 for assistance.
* You are allowed to submit a total of 20 transfer requests
each calendar year for your participant account by any permitted means. Once these 20 transfers have been requested, you may submit any additional transfer requests only in writing by U.S. mail. Transfers as a result of dollar-cost averaging (if applicable) do not count toward the 20-transfer limit. Each calendar year, MassMutual resets your transfers to allow 20 new transfers by all approved methods.
2. BY PHONE
1-800-528-9009 With our voice-activated telephone system, you control the call to get the information you need from any telephone, at any time, simply by speaking. Please provide your user ID and PIN when prompted. This will help expedite your call should you need to speak with a MassMutual customer service representative. The system will ask you to state the reason for your call. Simply speak clearly and the system will respond accordingly. Do you prefer receiving your retirement account information in a language other than English? Access to the Language Line is available in over 140 languages through a Customer Service Representative during normal business hours.
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Group No. SSN
Employer: Dept/ Location:
Employee Name: (Last, First, M.I.)
*Mailing Address:
City: State: Zip: Sex:M F
Home Phone: Work Phone: Date of Birth: Date of Hire:
*For your mailing address, provide either a street address or P.O. Box, not both. If you provide both, MassMutual will follow USPS Guidelines and use the PO Box as your mailing address.
Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, Massachusetts 01111-0001.
SSN
ENROLL
Enrollment Form 457(b) Governmental
City of Detroit
107560 C. INVESTMENT ELECTION I elect to have all future contributions invested among the investment options I have selected below. I understand that this Enrollment Form is to be used to record my initial investment option election and may not be used for investment option transfers or investment option allocation changes. To make investment changes please call 1-800-528-9009 or visit massmutual.com/serve. SECTION 1 Selections must be in whole percentages totaling 100%. _____% J9 American Century Small Cap Value INV _____% L9 American Century Strategic Allocation: Aggressive _____% L8 American Century Strategic Allocation: Moderate IN _____% L7 American Century Strategic Allocation:Conservative _____% 2P American Century Value INV _____% 7K American Funds EuroPacific Growth R3 _____% 5Y American Funds The Growth Fund of America R3 _____% LT Artisan Mid Cap INV _____% J7 Baron Small Cap _____% 9L Calvert Equity A _____% EJ Calvert Mid-Cap A _____% ZA Calvert Small Cap A _____% 9P Davis New York Venture A _____% 40 General Account _____% B6 Goldman Sachs Mid Cap Value A _____% 1L Hartford Balanced HLS IA _____% 1J Hartford Capital Appreciation HLS IA _____% 1C Hartford Dividend and Growth HLS IA _____% 1M Hartford International Opportunities HLS IA _____% 2Q Hartford MidCap HLS IA _____% 1B Hartford Total Return Bond HLS IA _____% N2 Hotchkis and Wiley Large Cap Value A _____% 8U Invesco Comstock A _____% 6R Invesco International Growth A _____% JR Invesco Real Estate A _____% 8M Lord Abbett Small Cap Value P _____% 4I MFS Government Securities R3 _____% 9E MFS International New Discovery A _____% YI MFS International Value R3 _____% 5U MFS Utilities R3 _____% UG Oakmark Equity and Income Service _____% HC Oppenheimer Main Street Mid Cap A _____% PP PIMCO Real Return Admin _____% 2T Putnam High Yield A _____% RG State Street S&P 500 Index Sec Lend II _____% RH State Street S&P MC Index Non-Lend Series II _____% 6O T Rowe Price Retirement 2050 ADV _____% SC T. Rowe Price Growth Stock ADV _____% HW T. Rowe Price Retirement 2015 ADV _____% 5O T. Rowe Price Retirement 2020 ADV _____% HX T. Rowe Price Retirement 2025 ADV _____% 5I T. Rowe Price Retirement 2030 ADV _____% HY T. Rowe Price Retirement 2035 ADV _____% 6I T. Rowe Price Retirement 2040 ADV _____% EQ T. Rowe Price Retirement 2045 ADV _____% ER T. Rowe Price Retirement 2055 ADV _____% 7I T. Rowe Price Retirement Balanced ADV _____% N6 Templeton Growth A All investment options may not be available in all jurisdictions. Please consult your Plan Sponsor to determine which are available.
* Frequency Monthly = 12 Bi-Weekly = 26 Semi-Monthly = 24 Weekly = 52 Other: ________
$ or % Amount Frequency* Annual Contibution Total Employee
X = = Current Annual Salary $
I am utilizing the plan's age 50+ catch-up provision If you are utilizing the plan’s pre-retirement catch-up provision, contact a MassMutual representative to request a form.
B. SIGNATURES I understand that all values provided by the contract, when based on investment experience of the above named investment choices (except the General Account), are variable and are not guaranteed as to a fixed dollar amount. Receipt of a currently effective variable annuity prospectus or disclosure document, whichever is applicable, is acknowledged. Further I wish to participate in the Deferred Compensation Plan and hereby agree to defer my right to receive compensation to the extent of the annual contribution noted above. I understand and agree to the provisions contained in my Employer’s Deferred Compensation Plan. Together with my heirs, successors, and assigns, I will hold harmless my Employer from any liability hereunder for all acts performed in good faith, including those related to the investment of deferred amounts and/or my Employer’s investment preference(s) under my Employer’s Deferred Compensation Plan. I acknowledge that I have read and understand the Fraud Warning Statement, as applicable to my state, located on the last page of this form. Signed in the state of ______________on____________________________________________ Date
Participant Signature This document has been received and accepted by the Plan Administrator.
Plan Administrator Signature Date TO BE COMPLETED BY THE REGISTERED REPRESENTATIVE (For Home Office Administration Purposes Only)
Printed Name of Registered Representative Registered Representative Signature
Registered Representative Tax ID/Producer Code
Selling Firm Name Selling Firm Tax ID
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New Jersey - Any person who knowingly includes any false or misleading information on an application for an insurance policy, or files a statement of claim containing any false or misleading information, is subject to criminal and civil penalties.
New Mexico for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to civil fines and criminal penalties.
New York - Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty not to exceed five thousand dollars and the stated value of the claim for each such violation. Ohio - Any person who, with intent to defraud or knowing that he is facilitating a fraud against an insurer, submits an application or files a claim containing a false or deceptive statement, is guilty of insurance fraud.
Oklahoma - Warning: Any person who knowingly, and with intent to injure, defraud or deceive any insurer, makes any claim for the proceeds of an insurance policy containing any false, incomplete or misleading information is guilty of a felony.
Oregon - Any person who knowingly , and with INTENT TO DEFRAUD or solicit another to defraud an insurer (1) by submitting an application , or (2) by filing a claim containing a false statement as to any MATERIAL FACT, MAY BE violating state law.
Pennsylvania - Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties.
Tennessee - It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines and denial of insurance benefits.
Virginia and Washington - It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines and denial of insurance benefits.
Alabama - Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or who knowingly presents false information in an application for insurance is guilty of a crime and may be subject to restitution fines or confinement in prison, or any combination thereof.
Arkansas and West Virginia - Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison. Colorado - It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to settlement or award payable from insurance proceeds shall be reported to the Colorado Division of Insurance within the Department of Regulatory Services. District of Columbia - Warning: It is a crime to provide false or misleading information to an insurer or any other person. Penalties include imprisonment and/or fines. In addition, an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant.
Florida - Any person who knowingly and with intent to injure, defraud, or deceive any insurer files a statement of claim or an application containing any false, incomplete, or misleading information is guilty of a felony of the third degree.
Kentucky - Any person who knowingly and with intent to defraud anyinsurance company or other person files an application for insurancecontaining any materially false information or conceals, for the purpose ofmisleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime.
Maine - It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties may include imprisonment, fines or a denial of insurance benefits.
Maryland - Any person who knowingly or willfully presents a false or fraudulent claim for payment of a loss or benefit or who knowingly or willfully presents false information in an application for insurance is guilty or a crime and may be subject to fines and confinement in prison.
Fraud Warning Statements The following states require insurance applicants to acknowledge a fraud warning statement specific to that state. Please refer to the specific fraud warningstatement for your state as indicated below. If your state is not separately listed, please refer to the NAIC Model Fraud Statement below. NAIC Model Fraud Statement - Any person who knowingly presents a false or fraudulent claim for payment of a loss of benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison
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NONFINCHG
Employee Name: Last, First, M.I.
SSN EmployerGroup No.
*Mailing Address Daytime Phone No
City State Zip
Beneficiary Designation/ Name & Address Change - 457(b) and 401(a)
*For your mailing address, provide either a street address or P.O. Box, not both. If you provide both, MassMutual will follow USPS Guidelines and use the PO Box as your mailing address.
Please complete the Beneficiary Designation including name, address, phone number, Social Security Number, date of birth, relationship and percentage of death benefit. The percent of benefit must total 100% for all primary beneficiaries named. If naming contingent beneficiary(ies) the total percentage for this designation must equal 100%. Married residents of community property states may want to seek legal advice if naming a non-spouse Primary Beneficiary.
Primary Beneficiary(ies) name, address and phone no. Social Security No. Date of Birth Relationship
Contingent Beneficiary(ies) name, address and phone no. Social Security No. Date of Birth Relationship %
The execution and the delivery of this form to the offices of MassMutual revokes all prior beneficiary designations that I have made. I understand that this beneficiary designation will not take effect until it has been received in good order by MassMutual.
Employee Signature Date
Mail this Beneficiary Designation to MassMutual at the address above. Keep a copy for your records. Please provide a copy of this Beneficiary Designation to your Employer.
Please see the following page for examples of proper beneficiary designations.
Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, Massachusetts 01111-0001.RS-45265-00 Page 1 of 2 benedcp.pdf
City of Detroit 107560
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Page 2 of 2 benedcp.pdf
including
or or
equally among the survivors(designates their share to their children)
or or
equally among the survivors (designates their share to their children)
Beneficiary Designation
To Designate Use This Wording
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City of Detroit offers a 457 deferred compensation plan. The following is a brief overview of important features of your workplace retirement plan. For more information call your Participant Service Center at 1-800-528-9009 or contact your benefits administrator. Who is eligible to participate in the plan? You are eligible to participate in the plan immediately upon employment. Participation in the plan will occur on the next enrollment period scheduled by the City (between April 1 and May 30 or between September 1 and November 15) . How can I contribute? Traditional Before-tax contributions Through the convenience of payroll deductions, you can make before-tax contributions up to the lesser of $19,000 or 100% of includible compensation. Your before-tax contributions – and any earnings – will accumulate tax deferred until withdrawn (generally at retirement), at which time withdrawals will be taxed as ordinary income. Catch-up contributions If you are 50 years of age or older during the calendar year, you may be able to contribute up to an additional $6,000 in 2019 into your plan as a “catch-up” contribution. Your contributions are always 100% vested. Are rollovers accepted? Your plan may allow you to roll additional retirement assets into the plan at any time. For more information, call your Participant Service Center at 1-800-528-9009, visit www.massmutual.com/serve or contact your benefits administrator. Can I change how much I contribute? You may start, stop, increase or decrease your contribution as often as your employer allows. If you stop contributions and start again at a later date, certain restrictions may apply. What are my investment choices? The contract offers a wide variety of investment options to meet your needs, including a General (Declared Rate) Account which provides a credited rate of interest. You can direct your contributions into one or more of the available investment options. See the investment section of this booklet for more information. Competing investment option restrictions You have the flexibility to transfer amounts from one investment option to another. The transfer of assets presently held in the General (Declared Rate) Account, or which were held in the General (Declared Rate) Account at any time during the preceding three months, to any account that we determine is a competing investment option, is prohibited.
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What are the fees and charges associated with this plan? There are costs associated with the underlying investment options offered under MassMutual's program. For a complete listing of these fees and charges, please refer to the Investment Option Fee Schedule in the investment section of this booklet. Your account may be subject to a one time loan set-up fee in the amount of $50.00 as well as a $50.00 annual loan administration fee applicable for the life of the loan. There may be other administrative fees that apply, all of which are outlined in this booklet. Additional plan expenses and other expenses including Third Party Administrator fees, if applicable are deducted and paid as directed by your plan administrator. Please contact MassMutual at 1-800-528-9009 for questions relating to additional plan expenses that may apply. Can I take money out of my account? Your account assets may generally be withdrawn from your 457 plan under the following qualifying circumstances: • Attainment of age 70½ • Retirement • Separation from service • Unforeseeable emergency (“hardship”) withdrawal (your plan may limit to a portion of your account) • Death of participant • Loan Withdrawals are subject to the authorization of your employer. However, you must begin liquidating your account balances no later than April 1st of the calendar year following the year in which you attain the age of 70½ or retire (whichever is later). Distributions of before-tax contributions and any tax-deferred earnings are subject to ordinary income tax. Withdrawal/surrender charges There are no withdrawal charges. However, should your employer allow plan assets to be transferred to any additional program provider other than MassMutual, this provision may change. Contact your employer or your Participant Service Center for more information.
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It pays to plan for life in retirement. What are your retirement goals? How do you plan to achieve them? A large part of retirement is the flexibility to do what you want when you want, and that kind of flexibility takes planning. Your employer’s retirement savings plan can help. It’s automatic. Choosing to save and invest through your workplace retirement plan means that your contribution will come out of your paycheck before you even see your take-home pay. You’ll never have to worry about writing a check, remembering to make a deposit, or spending money you intended to save. It pays to consolidate. If you have retirement assets from prior plans or IRAs, think about consolidating them into this plan. The process is easy and can help you simplify your retirement planning. To get started, call 1-800-528-9009 to learn what types of contributions your current retirement plan will accept. Our team of Rollover Specialists will be happy to help you with the required paperwork to simplify the roll-in process. Inflation matters. Retirement is expensive enough already – factor in inflation, and the costs can be stunning. Just eating in retirement can cost two people over $200,000 - $5 a meal, 3 meals a day, over 20 years. Adding a modest 3% annual inflation rate, the cost swells to nearly $300,000. How you live in retirement may be determined by what you can afford when the time comes. By preparing today, you may have more choices for your life tomorrow. How much should you save? It depends on how much money you'd like to have in retirement and when you start investing. The earlier you start, the more time your money has to work for you. To help you decide how much to save, check out the Retirement Goal Planner at www.massmutual.com/serve or ask a financial professional for advice. You may save on taxes immediately. The contributions you authorize for investment in your plan may be deducted from your gross pay before current federal (and, in most cases, state) income taxes are withheld. This is known as before-tax savings. Because this reduces your current taxable income, you’ll probably take home more of your pay than if you were investing on an after-tax basis. In addition to your contributions, any potential earnings in your account are tax-deferred (not taxed until they are withdrawn) as well. Over time, tax-deferred savings may dramatically increase the value of your account. Learn more. To access your account information and our online tools, calculators, and resources, go to www.massmutual.com/serve. If you have questions and need to talk to a real person, call 1-800-528-9009.
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��������startswithastrategy
OPTION 1 OPTION 2
You’ve got options. There is no one-size-fits-all approach to investing. That’s why your plan offers multiple strategies for asset management. You can select a target date fund or you can opt to build your own portfolio by selecting from your plan’s individual investment options.
Select a target date fund. What year will you retire? That’s all you need to know to select one of the target date funds. An “all-in one” investment portfolio, a target date fund is a diversified mix of investment options that takes into consideration the time you have to invest before you retire. It is diversified across a mix of investment options and automatically rebalanced to help keep the fund’s allocation on track. You simply choose the fund that is closest to your target retirement date. Adjusting over time, the allocation of investments becomes more conservative as you get closer to your retirement date. The principal value of the target date investment option is not guaranteed at any time, including the target date.
Choose your own investments. You can build your portfolio from any of the individual investment options in the plan. This strategy is best suited to investors who have taken the time to study their investment options. Your retirement plan offers a variety of investment options, covering a range of risk levels and investment objectives. Some investment options seek an increase in the value of shares (growth) while others aim to earn income (dividends or interest) for investors. Before making your investment decisions, you may want to consult with a financial professional.
UndeRstanding YOUR investment OPtiOns.
Your plan offers a variety of investments, whichare made up of different types of securities, asdescribed below.
Money market/Stable value investmentsthese short-term investments are designed to providea steady rate of return, greater investment stability, anda relatively lower level of risk. although the portfolioseeks to preserve the value of your investment at $1.00per share, it is possible to lose money in a stable valueinvestment, and the yield will fluctuate with changes inmarket conditions. Over time, these investments haveprovided lower returns than stock or bond funds.investments in a money market account are not insuredor guaranteed by the Federal deposit insuranceCorporation or any other government agency.
Bondsbonds represent “loans” investors make tocorporations, governments or agencies, and aredesigned to provide stability, income, and someappreciation in value. if held to maturity, bonds offer afixed rate of return and a fixed principal value. bondsgenerally offer a potentially higher return than moneymarket/stable value investments and a lower returnthan stocks. the value of bonds usually fluctuates lessthan stocks. However, corporate bonds, U.s. treasurybills, and government bonds will fluctuate in value,and the return of principal is not guaranteed if soldbefore maturity.
Stocksstocks represent part ownership in a business and aremeant to provide long-term growth by increasing invalue. some stocks also provide dividend income.Historically, stocks have outperformed other types ofinvestments over the long term. However, stocksfluctuate in value more than money market/stablevalue investments or bonds, and when sold may beworth more or less than their original cost. keep inmind that you can’t predict future results based onhow the market performed in the past.
Balanced investmentsbalanced investments consider the risk and returnpotential of each asset class and invest a percentageof assets in both stocks and bonds, along with a smallamount in stable value investments for liquidity.
International stocksinvestments in stocks issued by foreign businessesprovide investors with potential long-term growth ofcapital while helping to diversify their portfolios.Foreign stocks may offer greater returns than U.s.investments but also involve higher risks relating tointerest and currency exchange rates, securitiesregulation, and taxes, as well as unstable economic orpolitical conditions. international stocks fluctuate invalue and may be worth more or less than theiroriginal cost. global investments have assets in bothforeign and U.s. stocks.
large-cap* stocksLarge-cap stocks are shares in large, financiallyestablished “blue chip” companies with a market capof over $10 billion. the goal of these investments isthe long-term growth of capital. Risk and return aretypically moderate to high.
Mid-cap* stocksthese shares in companies in the $2 billion to $10billion market cap range seek long-term growth. sincemid-cap stocks may fluctuate more widely than themore stable large-cap stocks, there is a potential forgreater long-term growth as well as higher risk.
Small-cap* stockssmall-cap stocks represent companies with a marketcap of $300 million to $2 billion. Over long periods oftime, small-cap stocks have had higher returns thanlarge-cap stocks, which makes them attractive toaggressive investors. at the same time, they are muchmore volatile and have higher short-term risk.
Specialty stocksspecialty investments are concentrated in a specificarea of the market, such as technology or health care.because they are focused on a small market segment,these investments tend to have both a higher risk andhigher potential for return than more diversifiedinvestments.
all investments possess some element of risk,including possible loss of principal. Past performanceis no guarantee of future results.
*the term “cap” is short for market capitalization, which iscalculated by multiplying the price of a stock by thenumber of outstanding shares. generally speaking, thisrepresents the market’s estimate of a company’s value.
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Investment options at a glance
How much risk you are comfortable with is an important consideration in choosing how you allocate your assets. How do you feel about investment risk – the chance that your investments could lose money? You also need to think about inflation risk – the risk that conservative investments such as short-term investments may not keep pace with inflation. Investing in more than one asset class – or a blend of them – may help you to balance your risk.
Investment Options RISK/RETURN SPECTRUMFor illustrative purposes only; please consult an investment profile or prospectus for detailed risk/return information.
RS2070_RISKRET 814
HIGHER RETURN/HIGHER RISK
Specialty1 Invesco Real Estate A
MFS Utilities R3
International/Global2 American Funds EuroPacific Growth R3
Hartford International Opportunities HLS IA Invesco International Growth A MFS International New Discovery A MFS International Value R3 Templeton Growth A
Small-cap3 American Century Small Cap Value INV
Baron Small Cap Calvert Small Cap A Lord Abbett Small Cap Value P
Mid-cap4 Artisan Mid Cap INV
Calvert Mid-Cap A Goldman Sachs Mid Cap Value A Hartford MidCap HLS IA Oppenheimer Main Street Mid Cap A State Street S&P MC Index Non-Lend Series II
Large-cap American Century Value INV
American Funds The Growth Fund of America R3 Calvert Equity A Davis New York Venture A Hartford Capital Appreciation HLS IA Hartford Dividend and Growth HLS IA Hotchkis and Wiley Large Cap Value A Invesco Comstock A State Street S&P 500 Index Sec Lend II T. Rowe Price Growth Stock ADV
Asset allocation/Balanced* American Century Strategic Allocation: Aggressive
American Century Strategic Allocation: Moderate IN American Century Strategic Allocation:Conservative Hartford Balanced HLS IA
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LOWER RETURN/LOWER RISK
Oakmark Equity and Income Service T Rowe Price Retirement 2050 ADV T. Rowe Price Retirement 2015 ADV T. Rowe Price Retirement 2020 ADV T. Rowe Price Retirement 2025 ADV T. Rowe Price Retirement 2030 ADV T. Rowe Price Retirement 2035 ADV T. Rowe Price Retirement 2040 ADV T. Rowe Price Retirement 2045 ADV T. Rowe Price Retirement 2055 ADV T. Rowe Price Retirement Balanced ADV
Bonds5 Hartford Total Return Bond HLS IA
MFS Government Securities R3 PIMCO Real Return Admin Putnam High Yield A
Money market/Stable value6 General (Declared Rate) Account
1 The fund’s investments are concentrated in a specific industry or sector, and are subject to greater risk than traditional diversified equity funds.
2 Investing in foreign issuers and non-dollar securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war, or expropriation.
3 Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatility.
4 Mid-cap stocks generally have higher risk characteristics than large-company stocks.
5 Securities rated “BB” and below are referred to as “high yield, high risk” securities or “junk bonds.” High yield bonds generally involve greater credit risk and may be more volatile than investment-grade bonds.
6 Money market funds are not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share (unit), it is possible to lose money investing it in the fund. If a money market fund is pending liquidation under the U.S. Treasury Department’s Guarantee Program, there may be a period of time in which assets cannot be invested or redeemed.
* Does not include asset allocation models, if available in your plan.
18
THE
PE
RFO
RM
AN
CE
DA
TA S
HO
WN
RE
PR
ESE
NTS
PA
ST P
ER
FOR
MA
NC
E A
ND
IS N
O G
UA
RA
NTE
E O
F FU
TUR
E R
ESU
LTS.
The
inve
stm
ent
retu
rn
and
pri
ncip
al v
alue
of
an in
vest
men
t m
ay fl
uctu
ate
so t
hat
whe
n sh
ares
/uni
ts a
re r
edee
med
the
y m
ay b
e w
ort
h m
ore
or
less
tha
n th
eir
ori
gin
al c
ost
. Cur
rent
p
erfo
rman
ce m
ay v
ary
fro
m t
he p
erfo
rman
ce d
ata
quo
ted
. Fo
r p
erfo
rman
ce d
ata
curr
ent
to t
he m
ost
rec
ent
mo
nth-
end
, vis
it o
ur w
ebsi
te a
t w
ww
.mas
smut
ual.c
om
/ser
ve.
The
fo
llow
ing
tab
le is
inte
nded
to
pro
vid
e yo
u w
ith
info
rmat
ion
reg
ard
ing
the
inve
stm
ent
op
tio
ns in
yo
ur P
lan,
incl
udin
g in
form
atio
n re
gar
din
g in
vest
men
t p
erfo
rman
ce h
isto
ry, f
ees
and
exp
ense
s, a
nd a
ny in
vest
men
t re
stri
ctio
ns a
pp
licab
le a
s o
f th
e d
ate
of
this
mat
eria
l. F
or
your
Pla
n’s
vari
able
ret
urn
inve
stm
ent
op
tio
ns, w
e ha
ve a
dd
itio
nally
pro
vid
ed b
ench
mar
k in
form
atio
n ag
ains
t w
hich
eac
h in
vest
men
t o
pti
on’
s p
erfo
rman
ce c
an b
e co
mp
ared
. W
hile
pas
t p
erfo
rman
ce is
nev
er a
gua
rant
ee o
f fu
ture
per
form
ance
, it’
s es
pec
ially
imp
ort
ant
to r
emem
ber
thi
s w
hen
eval
uati
ng a
fun
d’s
per
form
ance
ove
r a
sho
rt
per
iod
of
tim
e (e
.g.,
less
tha
n o
ne y
ear)
. Sho
rt-t
erm
res
ults
– p
osi
tive
or
neg
ativ
e –
may
be
due
to
one
-tim
e o
r ex
trao
rdin
ary
even
ts, w
hich
may
lead
to
unu
sual
p
erfo
rman
ce w
hich
is n
ot
a fa
ir r
epre
sent
atio
n o
f th
e fu
nd’s
long
er-t
erm
per
form
ance
po
tent
ial.
Fee
s an
d e
xpen
ses
are
amo
ng m
any
fact
ors
to
co
nsid
er w
hen
you
dec
ide
to in
vest
in a
n o
pti
on.
Yo
u m
ay a
lso
wan
t to
thi
nk a
bo
ut w
heth
er a
n in
vest
men
t in
a
par
ticu
lar
op
tio
n, a
long
wit
h yo
ur o
ther
inve
stm
ents
, fits
wit
h yo
ur p
erso
nal c
ircu
mst
ance
s an
d w
ill h
elp
yo
u ac
hiev
e yo
ur in
vest
men
t g
oal
s.
The
cum
ulat
ive
effe
ct o
f fe
es a
nd e
xpen
ses
can
sub
stan
tial
ly r
educ
e th
e g
row
th o
f yo
ur r
etir
emen
t p
lan
acco
unt.
Vis
it t
he D
epar
tmen
t o
f L
abo
r’s
Web
sit
e fo
r an
ex
amp
le s
how
ing
the
long
-ter
m e
ffec
t o
f fe
es a
nd e
xpen
ses
at w
ww
.do
l.go
v/eb
sa/p
ublic
atio
ns/4
01k
_em
plo
yee.
htm
l. 1 W
ith
resp
ect
to m
utua
l fun
d in
vest
men
t o
pti
ons
, the
gro
ss a
nnua
l und
erly
ing
exp
ense
rat
io is
pre
sent
ed a
s th
e to
tal a
nnua
l fun
d o
r cl
ass
op
erat
ing
exp
ense
s, b
efo
re
wai
vers
and
dis
bur
sem
ents
, tha
t ha
ve b
een
pai
d b
y th
e fu
nd a
nd s
tate
d a
s a
per
cent
of
the
fund
's t
ota
l net
ass
ets.
The
net
ann
ual u
nder
lyin
g e
xpen
se r
atio
is
pre
sent
ed a
s th
e an
nual
fun
d o
r cl
ass
op
erat
ing
exp
ense
s, le
ss a
ny e
xpen
se w
aive
rs a
nd d
isb
urse
men
ts t
hat
have
bee
n p
aid
by
the
fund
and
sta
ted
as
a p
erce
nt o
f th
e fu
nd's
to
tal n
et a
sset
s. W
ith
resp
ect
to in
vest
men
t o
pti
ons
tha
t ar
e no
t m
utua
l fun
ds,
the
se e
xpen
se r
atio
s ar
e in
tend
ed t
o p
rese
nt s
imila
r in
form
atio
n, b
ut m
ay
have
bee
n ca
lcul
ated
usi
ng m
etho
do
log
ies
that
diff
er f
rom
tho
se u
sed
fo
r m
utua
l fun
d in
vest
men
t o
pti
ons
. Und
erly
ing
Fun
d E
xpen
se R
atio
s p
rese
nted
her
e d
o n
ot
refle
ct t
he e
ffec
t o
f th
e P
rog
ram
and
Ad
min
istr
atio
n C
harg
e (s
om
etim
es r
efer
red
to
as
a “s
epar
ate
acco
unt
char
ge”
, or
a “m
ort
alit
y, e
xpen
se r
isk
and
ad
min
istr
ativ
e ch
arg
e”)
app
licab
le t
o y
our
Pla
n's
cont
ract
. 2 A
Pro
gra
m a
nd A
dm
inis
trat
ive
Cha
rge
may
be
ded
ucte
d f
rom
the
ret
urns
on
the
inve
stm
ent
op
tio
ns in
the
Pla
n, a
sses
sed
ag
ains
t p
arti
cip
ant
acco
unts
on
a q
uart
erly
bas
is o
r p
aid
dir
ectl
y b
y th
e p
lan
spo
nso
r to
co
ver
cert
ain
adm
inis
trat
ive
serv
ices
und
er t
he P
lan'
s co
ntra
ct. F
or
furt
her
info
rmat
ion,
ple
ase
refe
r to
"T
he
Pla
n's
Ad
min
istr
ativ
e F
ees
and
Exp
ense
s."
If P
lan
Ad
min
istr
ativ
e fe
es a
re c
harg
ed t
o y
our
acc
oun
t b
alan
ce, t
he a
ctua
l do
llar
amo
unt
will
be
rep
ort
ed t
o y
ou
in t
he
cale
ndar
qua
rter
fo
llow
ing
the
qua
rter
in w
hich
the
cha
rge
occ
urs.
Ple
ase
refe
r to
yo
ur q
uart
erly
acc
oun
t st
atem
ent
for
info
rmat
ion
on
any
fees
act
ually
cha
rged
to
yo
ur a
cco
unt.
3 If
a P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e is
ded
ucte
d o
n th
e in
vest
men
t o
pti
ons
, the
To
tal G
ross
Ann
ual E
xpen
se R
atio
is in
tend
ed t
o r
efle
ct t
he e
ffec
t o
f th
e P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e ap
plic
able
und
er y
our
Pla
n's
cont
ract
by
add
ing
the
cha
rge
to t
he G
ross
Ann
ual U
nder
lyin
g F
und
Exp
ense
Rat
io f
or
each
ap
plic
able
inve
stm
ent
op
tio
n. T
he T
ota
l Net
Ann
ual E
xpen
se R
atio
is in
tend
ed t
o r
efle
ct t
he e
ffec
t o
f th
e P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e ap
plic
able
und
er y
our
P
lan'
s co
ntra
ct b
y ad
din
g t
he c
harg
e to
the
Net
Ann
ual U
nder
lyin
g F
und
Exp
ense
Rat
io f
or
each
ap
plic
able
inve
stm
ent
op
tio
n.
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
4 A
vera
ge
annu
al r
etur
ns a
re c
alcu
late
d a
s a
stea
dy
com
po
und
ed r
ate
of
retu
rn o
ver
the
per
iod
of
tim
e in
dic
ated
. Ret
urns
are
his
tori
cal a
nd in
clud
e ch
ang
e in
sha
re
valu
e an
d r
einv
estm
ent
of
div
iden
ds
and
cap
ital
gai
ns, i
f an
y. T
ota
l ret
urns
tha
t ar
e le
ss t
han
one
yea
r ar
e no
t an
nual
ized
. 5 If
a P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e is
ded
ucte
d o
n th
e in
vest
men
t o
pti
ons
, the
se p
erfo
rman
ce d
ata
refle
ct t
he d
educ
tio
n o
f th
e P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e ap
plic
able
to
yo
ur P
lan'
s C
ont
ract
, but
do
no
t re
flect
the
po
ssib
le im
po
siti
on
of
any
red
emp
tio
n fe
es o
r ch
arg
es a
sso
ciat
ed w
ith
any
wit
hdra
wal
ben
efit
s th
at
may
be
avai
lab
le t
hro
ugh
your
Pla
n. Y
our
pla
n sp
ons
or
may
ele
ct t
o h
ave
the
Pro
gra
m a
nd A
dm
inis
trat
ive
Cha
rge
ded
ucte
d f
rom
yo
ur p
lan'
s co
ntra
ct v
alue
s o
n a
qua
rter
ly b
asis
or
may
ele
ct t
o p
ay t
he P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e d
irec
tly.
In e
ithe
r o
f th
ese
case
s, t
hese
per
form
ance
dat
a d
o n
ot
refle
ct t
he d
educ
tio
n o
f th
e P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e ap
plic
able
to
yo
ur P
lan'
s co
ntra
ct.
6 S
ince
ince
pti
on
retu
rn is
use
d f
or
fund
s fe
wer
tha
n 10
yea
rs o
ld. T
he p
erfo
rman
ce r
etur
ns r
efle
cted
in t
his
char
t ar
e ca
lcul
ated
to
the
ince
pti
on
dat
e o
f th
e in
itia
l cl
ass
of
the
fund
. The
per
form
ance
ret
urns
ref
lect
ed in
thi
s ch
art
wit
h re
spec
t to
eac
h b
ench
mar
k in
vest
men
t ar
e ca
lcul
ated
to
the
ince
pti
on
dat
e o
f th
e fu
nd s
hare
cl
ass
to w
hich
it is
bei
ng c
om
par
ed.
8 A
ny f
ees
des
crib
ed in
thi
s se
ctio
n ar
e fe
es p
aid
dir
ectl
y fr
om
yo
ur in
vest
men
t in
thi
s o
pti
on
(e.g
. red
emp
tio
n fe
es, e
xcha
nge
fees
, acc
oun
t fe
es, p
urch
ase
fees
, tr
ansf
er o
r w
ithd
raw
al f
ees,
or
surr
end
er c
harg
es).
12
The
fun
d's
inve
stm
ents
are
co
ncen
trat
ed in
a s
pec
ific
ind
ustr
y o
r se
cto
r, a
nd a
re s
ubje
ct t
o g
reat
er r
isk
than
tra
dit
iona
l div
ersi
fied
eq
uity
fun
ds.
13
Inve
stm
ents
in f
ore
ign
secu
riti
es m
ay in
volv
e d
iffer
ent
and
ad
dit
iona
l ris
ks a
sso
ciat
ed w
ith
fore
ign
curr
enci
es, i
nves
tmen
t d
iscl
osu
re, a
cco
unti
ng, s
ecur
itie
s re
gul
atio
n, c
om
mis
sio
ns, t
axes
, po
litic
al o
r so
cial
inst
abili
ty, w
ar o
r ex
pro
pri
atio
n.
14 S
mal
l co
mp
any
sto
cks
gen
eral
ly h
ave
hig
her
risk
rew
ard
cha
ract
eris
tics
tha
n la
rge
com
pan
y st
ock
s.
15 M
id C
ap s
tock
s g
ener
ally
hav
e hi
ghe
r ri
sk a
nd r
ewar
d c
hara
cter
isti
cs t
han
larg
e co
mp
any
sto
cks.
16
Sec
urit
ies
rate
d b
elo
w in
vest
men
t g
rad
e, "
BB
B",
are
co
mm
onl
y re
ferr
ed t
o a
s "h
igh
yiel
d, h
igh
risk
sec
urit
ies"
or
"jun
k b
ond
s."
28 T
he S
tate
Str
eet
Glo
bal
Ad
vise
rs f
und
s ar
e co
mm
ing
led
tru
st in
vest
men
t ve
hicl
es f
or
whi
ch S
tate
Str
eet
Glo
bal
Ad
vise
rs s
erve
s as
tru
stee
. Th
ere
are
spec
ific
risk
s as
soci
ated
wit
h ce
rtai
n in
vest
men
t o
pti
ons
. Fo
r ad
dit
iona
l det
ails
, ple
ase
refe
r to
the
Inve
stm
ent
Op
tio
n Sh
eets
incl
uded
in t
his
Enr
ollm
ent
Bo
ok.
In
vest
men
t o
pti
ons
are
ava
ilab
le u
nder
gro
up v
aria
ble
ann
uity
co
ntra
cts
(HL-
2032
5, H
L-15
811
, HV
L-11
00
2 an
d H
VL-
210
02
seri
es, H
VL-
140
00
, HV
L-14
00
1 H
VL-
200
00
an
d H
L-17
40
2). A
ll co
ntra
cts
are
issu
ed b
y H
artf
ord
Life
Insu
ranc
e C
om
pan
y (S
imsb
ury,
CT
). E
ffec
tive
Jan
uary
1, 2
013
, co
ntra
cts
HV
L-11
00
2 an
d H
VL-
210
02
seri
es,
HV
L-14
00
0, H
VL-
140
01
and
HV
L-20
00
0 a
re u
nder
wri
tten
by
MM
L D
istr
ibut
ors
, LLC
. Co
ntra
cts
are
adm
inis
tere
d b
y M
assa
chus
etts
Mut
ual L
ife In
sura
nce
Co
mp
any.
P
erfo
rman
ce is
sta
ted
aft
er d
educ
tio
n fo
r to
tal f
und
op
erat
ing
exp
ense
s, a
pp
licab
le s
epar
ate
acco
unt
char
ges
, and
all
oth
er a
pp
licab
le c
ont
ract
fee
s.
Thi
s ta
ble
sho
ws
onl
y th
e as
set-
bas
ed f
ees,
cha
rges
and
exp
ense
s as
soci
ated
wit
h th
e in
vest
men
t ch
oic
es o
f th
e g
roup
var
iab
le a
nnui
ty c
ont
ract
. Ple
ase
refe
r to
th
e p
rod
uct
pro
spec
tus
or
dis
clo
sure
do
cum
ents
, as
app
licab
le, f
or
info
rmat
ion
on
oth
er f
ees
and
cha
rges
tha
t m
ay a
pp
ly t
o y
our
pla
n's
cont
ract
suc
h as
a
cont
ing
ent
def
erre
d s
ales
cha
rge,
ann
ual m
aint
enan
ce f
ee, a
nd o
ther
fee
s o
r ch
arg
es, i
f ap
plic
able
. ©
20
19 M
orn
ing
star
, Inc
. All
Rig
hts
Res
erve
d. T
he in
form
atio
n co
ntai
ned
her
ein:
(1)
is p
rop
riet
ary
to M
orn
ing
star
and
/or
its
cont
ent
pro
vid
ers;
(2)
may
no
t b
e co
pie
d
or
dis
trib
uted
; and
(3)
is n
ot
war
rant
ed t
o b
e ac
cura
te, c
om
ple
te o
r ti
mel
y. N
eith
er M
orn
ing
star
no
r it
s co
nten
t p
rovi
der
s ar
e re
spo
nsib
le f
or
any
dam
ages
or
loss
es
aris
ing
fro
m a
ny u
se o
f th
is in
form
atio
n.
19
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
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chm
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erly
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VA
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The
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per
form
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dat
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or
per
form
ance
dat
a cu
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the
mo
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h-en
d, v
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web
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at
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MF
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99
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S&
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INTE
RN
ATI
ON
AL/
GLO
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L In
vest
men
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vest
men
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s an
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: N/A
20
Inve
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04
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199
2
MS
CI A
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MF
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3.
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10
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10/0
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97
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Fee
s an
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MF
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Fo
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10
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Fee
s an
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A
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rag
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s a
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vest
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5
Yr.
10
Yr.
Si
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Ince
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22
Inve
stm
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Op
tio
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pp
licab
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and
Cha
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F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
Tem
ple
ton
Gro
wth
A13
Wo
rld
Lar
ge
Sto
ck
1.05%
1.0
5%
0.0
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1.0
5%
1.05%
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10.5
0
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4.8
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N
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11/2
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954
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CI A
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NR
US
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N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
SMA
LL-C
AP
S
mal
l-ca
p s
tock
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any
sto
cks.
Am
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an C
entu
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mal
l Cap
Val
ue IN
V14
Sm
all V
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1.26
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0
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0.4
9%
-17
.07%
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7.0
7%
3.21
%
11.4
7%
10.11
%
07/
31/1
99
8
Rus
sell
200
0 V
alue
TR
US
D
-12.
86
%
3.6
1%
10.4
0%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Bar
on
Sm
all C
ap14
Sm
all G
row
th
1.31%
1.3
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1.3
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13.10
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13.10
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2.0
7%
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9%
-7
.39
%
4.5
2%
12.7
9%
9
.16%
10
/01/
199
7
Rus
sell
200
0 G
row
th T
R U
SD
-9
.31%
5.
13%
13
.52%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Cal
vert
Sm
all C
ap A
14
Sm
all B
lend
1.35%
1.2
9%
0
.00
%
1.35%
1.2
9%
$
13.5
0
$12
.90
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7.25
%
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5%
-6.8
5%
6.0
2%
11.8
5%
6.5
8%
10
/01/
200
4
Rus
sell
200
0 T
R U
SD
-1
1.01%
4
.41%
11
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N
/A
Fee
s an
d R
estr
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ons8
: N/A
A
pp
licab
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& C
harg
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chm
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Fees
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d
Exp
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gra
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harg
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l Ann
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Exp
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Rat
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l Ret
urn
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rag
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nnua
l Ret
urn4
In
cep
tio
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Gro
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Net
A
s a
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ss
Net
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00
in
vest
ed
Gro
ss
Net
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o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
23
Inve
stm
ent
Op
tio
n P
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rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
Lord
Ab
bet
t S
mal
l Cap
Val
ue P
14
Sm
all B
lend
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1.38
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8%
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1.42%
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2.0
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2.
40
%
9.9
5%
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0
6/2
3/19
99
Rus
sell
200
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R U
SD
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1.01%
4
.41%
11
.97%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
MID
-CA
P
Mid
-cap
sto
cks
gen
eral
ly h
ave
hig
her
risk
and
rew
ard
cha
ract
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tics
tha
n la
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com
pan
y st
ock
s.
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isan
Mid
Cap
INV
15
Mid
-Cap
Gro
wth
1.18
%
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%
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0%
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8%
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8%
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11.8
0
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-1
8.4
2%
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2%
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2%
4.3
6%
14
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%
12.3
0%
0
6/2
7/19
97
Rus
sell
Mid
Cap
Gro
wth
TR
US
D
-4.7
5%
7.4
2%
15.12
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Cal
vert
Mid
-Cap
A
Mid
-Cap
Ble
nd
1.34
%
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0
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%
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%
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$
13.4
0
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47%
-4
.36
%
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6%
3.
29%
11
.76
%
N/A
10
/31/
199
4
Rus
sell
Mid
Cap
TR
US
D
-9.0
6%
6
.26
%
14.0
3%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Go
ldm
an S
achs
Mid
Cap
Val
ue A
15
Mid
-Cap
Ble
nd
1.22%
1.2
2%
0.0
0%
1.2
2%
1.22%
$
12.2
0
$12
.20
-1
4.13
%
-10
.84
%
-10
.84
%
2.6
8%
10
.65%
7.
81%
0
8/1
5/19
97
Rus
sell
Mid
Cap
TR
US
D
-9.0
6%
6
.26
%
14.0
3%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
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stm
ent
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ce5
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e /
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e C
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M
orn
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ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
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io1
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gra
m a
nd
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min
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ativ
e C
harg
e2
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l Ann
ual
Exp
ense
Rat
io3
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l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
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A
s a
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ss
Net
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00
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vest
ed
Gro
ss
Net
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o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
24
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
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emb
er 3
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Har
tfo
rd M
idC
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7/14
/19
97
Rus
sell
Mid
Cap
Gro
wth
TR
US
D
-4.7
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7.4
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N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Op
pen
heim
er M
ain
Str
eet
Mid
Cap
A
Mid
-Cap
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1.10
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11.7
6%
9
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0
8/0
2/19
99
Rus
sell
Mid
Cap
TR
US
D
-9.0
6%
6
.26
%
14.0
3%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Sta
te S
tree
t S
&P
MC
Ind
ex N
on-
Lend
Ser
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II
Mid
-Cap
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0.4
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0
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%
0.0
0%
0
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0.4
0%
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4.0
0
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.00
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5%
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5%
5.59
%
13.2
2%
8.9
6%
10
/01/
199
7
Rus
sell
Mid
Cap
TR
US
D
-9.0
6%
6
.26
%
14.0
3%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
LAR
GE
-CA
P
Sto
cks
fluc
tuat
e in
val
ue a
nd a
re s
ubje
ct t
o m
ore
ris
k th
an b
ond
s o
r m
one
y m
arke
t in
vest
men
ts. S
hare
s, w
hen
red
eem
ed, m
ay b
e w
ort
h m
ore
or
less
tha
n th
eir
ori
gin
al c
ost
.
Am
eric
an C
entu
ry V
alue
INV
Larg
e V
alue
0.9
8%
0
.98
%
0.0
0%
0
.98
%
0.9
8%
$
9.8
0
$9
.80
-1
3.8
0%
-9
.35%
-9
.35%
5.
00
%
10.0
8%
N
/A
09
/01/
199
3
Rus
sell
100
0 V
alue
TR
US
D
-8.2
7%
5.9
5%
11.18
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
25
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
Am
eric
an F
und
s T
he G
row
th F
und
of
Am
eric
a R
3
Larg
e G
row
th
0.9
8%
0
.98
%
0.0
0%
0
.98
%
0.9
8%
$
9.8
0
$9
.80
-1
5.21
%
-3.2
5%
-3.2
5%
8.5
1%
13.14
%
N/A
12
/01/
1973
Rus
sell
100
0 G
row
th T
R U
SD
-1
.51%
10
.40
%
15.2
9%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Cal
vert
Eq
uity
A
Larg
e G
row
th
1.08
%
1.08
%
0.0
0%
1.0
8%
1.0
8%
$
10.8
0
$10
.80
-8
.39
%
5.0
4%
5.
04
%
9.2
5%
13.6
2%
N/A
0
8/2
4/1
98
7
Rus
sell
100
0 G
row
th T
R U
SD
-1
.51%
10
.40
%
15.2
9%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Dav
is N
ew Y
ork
Ven
ture
A
Larg
e B
lend
0.8
8%
0
.88
%
0.0
0%
0
.88
%
0.8
8%
$
8.8
0
$8
.80
-1
7.33
%
-13.
01%
-1
3.0
1%
5.53
%
10.8
4%
N
/A
02/
17/1
96
9
Rus
sell
100
0 T
R U
SD
-4
.78
%
8.2
1%
13.2
8%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Har
tfo
rd C
apit
al A
pp
reci
atio
n H
LS IA
Larg
e G
row
th
0.6
8%
0
.68
%
0.0
0%
0
.68
%
0.6
8%
$
6.8
0
$6
.80
-1
4.19
%
-6.9
6%
-6
.96
%
5.39
%
12.3
9%
12
.46
%
04
/02/
198
4
Rus
sell
100
0 G
row
th T
R U
SD
-1
.51%
10
.40
%
15.2
9%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
26
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
Har
tfo
rd D
ivid
end
and
Gro
wth
HLS
IA
Larg
e V
alue
0.6
8%
0
.68
%
0.0
0%
0
.68
%
0.6
8%
$
6.8
0
$6
.80
-1
1.46
%
-5.3
2%
-5.3
2%
7.53
%
11.9
1%
N/A
0
3/0
8/1
99
4
Rus
sell
100
0 V
alue
TR
US
D
-8.2
7%
5.9
5%
11.18
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Ho
tchk
is a
nd W
iley
Larg
e C
ap V
alue
A
Larg
e V
alue
1.20
%
1.20
%
0.0
0%
1.2
0%
1.2
0%
$
12.0
0
$12
.00
-1
8.0
0%
-1
4.4
7%
-14
.47%
4
.75%
12
.30
%
N/A
0
6/2
4/1
98
7
Rus
sell
100
0 V
alue
TR
US
D
-8.2
7%
5.9
5%
11.18
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Inve
sco
Co
mst
ock
A
Larg
e V
alue
0.8
2%
0.8
2%
0.0
0%
0
.82%
0
.82%
$
8.2
0
$8
.20
-1
6.3
9%
-1
2.24
%
-12.
24%
4
.57%
11
.42%
N
/A
10/0
7/19
68
Rus
sell
100
0 V
alue
TR
US
D
-8.2
7%
5.9
5%
11.18
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Sta
te S
tree
t S
&P
50
0 In
dex
Sec
Len
d II
28
Larg
e B
lend
0.3
5%
0.3
5%
0.0
0%
0
.35%
0
.35%
$
3.50
$
3.50
-1
3.6
0%
-4
.73%
-4
.73%
8
.12%
12
.76
%
7.8
4%
0
3/0
1/19
96
Rus
sell
100
0 T
R U
SD
-4
.78
%
8.2
1%
13.2
8%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
27
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
T. R
ow
e P
rice
Gro
wth
Sto
ck A
DV
Larg
e G
row
th
0.9
2%
0.9
2%
0.0
0%
0
.92%
0
.92%
$
9.2
0
$9
.20
-1
4.18
%
-1.2
8%
-1
.28
%
9.8
3%
15.8
1%
7.9
8%
12
/31/
200
1
Rus
sell
100
0 G
row
th T
R U
SD
-1
.51%
10
.40
%
15.2
9%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
ASS
ET
ALL
OC
ATI
ON
/BA
LAN
CE
D
Ass
et A
lloca
tio
n d
oes
n’t
ensu
re a
pro
fit
or
pro
tect
ag
ains
t lo
ss.
Am
eric
an C
entu
ry S
trat
egic
Allo
cati
on:
Ag
gre
ssiv
e
Allo
cati
on-
-70
% t
o 8
5% E
qui
ty
1.16
%
1.11%
0
.00
%
1.16
%
1.11%
$
11.6
0
$11
.10
-11.6
9%
-7
.97%
-7
.97%
4
.29
%
9.2
5%
7.0
7%
02/
15/1
99
6
Mo
rnin
gst
ar M
od
Ag
g T
gt
Ris
k TR
US
D
-6.7
4%
4
.60
%
9.4
8%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Am
eric
an C
entu
ry S
trat
egic
Allo
cati
on:
Mo
der
ate
IN
Allo
cati
on-
-50
% t
o 7
0%
Eq
uity
1.09
%
1.04
%
0.0
0%
1.0
9%
1.0
4%
$
10.9
0
$10
.40
-9
.33%
-6
.35%
-6
.35%
3.
73%
7.
96
%
6.5
7%
02/
15/1
99
6
Mo
rnin
gst
ar M
od
Tg
t R
isk
TR U
SD
-4
.76
%
4.0
8%
7.
97%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Am
eric
an C
entu
ry S
trat
egic
Allo
cati
on:
Co
nser
vati
ve
Allo
cati
on-
-30
% t
o 5
0%
Eq
uity
1.01%
1.0
1%
0.0
0%
1.0
1%
1.01%
$
10.10
$
10.10
-6
.64
%
-4.7
1%
-4.7
1%
3.0
6%
6
.16%
5.
52%
0
2/15
/19
96
Mo
rnin
gst
ar M
od
Co
n Tg
t R
isk
TR U
SD
-2
.87%
3.
46
%
6.2
6%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
28
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
Har
tfo
rd B
alan
ced
HLS
IA
Allo
cati
on-
-50
% t
o 7
0%
Eq
uity
0.6
6%
0
.66
%
0.0
0%
0
.66
%
0.6
6%
$
6.6
0
$6
.60
-9
.40
%
-5.2
4%
-5
.24
%
5.0
2%
9.9
4%
8
.62%
0
3/31
/19
83
Mo
rnin
gst
ar M
od
Tg
t R
isk
TR U
SD
-4
.76
%
4.0
8%
7.
97%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Oak
mar
k E
qui
ty a
nd In
com
e S
ervi
ce
Allo
cati
on-
-50
% t
o 7
0%
Eq
uity
1.20
%
1.20
%
0.0
0%
1.2
0%
1.2
0%
$
12.0
0
$12
.00
-9
.31%
-8
.57%
-8
.57%
3.
20%
7.
50%
N
/A
07/
12/2
00
0
Mo
rnin
gst
ar M
od
Tg
t R
isk
TR U
SD
-4
.76
%
4.0
8%
7.
97%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
T R
ow
e P
rice
Ret
irem
ent
2050
AD
V
Tar
get
-Dat
e 20
50
0.9
7%
0.9
7%
0.0
0%
0
.97%
0
.97%
$
9.7
0
$9
.70
-1
1.30
%
-7.8
4%
-7
.84
%
5.0
6%
11
.32%
5.
49
%
12/2
9/2
00
6
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
050
TR
US
D
-8.4
1%
4.5
1%
10.2
7%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
T. R
ow
e P
rice
Ret
irem
ent
2015
AD
V
Tar
get
-Dat
e 20
15
0.8
2%
0.8
2%
0.0
0%
0
.82%
0
.82%
$
8.2
0
$8
.20
-6
.14%
-4
.38
%
-4.3
8%
3.
84
%
8.8
1%
5.0
6%
0
5/31
/20
07
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
015
TR
US
D
-3.5
4%
3.
61%
7.
55%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
29
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
T. R
ow
e P
rice
Ret
irem
ent
2020
AD
V
Tar
get
-Dat
e 20
20
0.8
6%
0
.86
%
0.0
0%
0
.86
%
0.8
6%
$
8.6
0
$8
.60
-7
.44
%
-5.2
0%
-5
.20
%
4.2
0%
9
.62%
7.
68
%
09
/30
/20
02
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
020
TR
US
D
-4.16
%
3.8
7%
8.2
7%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
T. R
ow
e P
rice
Ret
irem
ent
2025
AD
V
Tar
get
-Dat
e 20
25
0.8
9%
0
.89
%
0.0
0%
0
.89
%
0.8
9%
$
8.9
0
$8
.90
-8
.44
%
-5.8
2%
-5.8
2%
4.5
2%
10.2
7%
5.52
%
05/
31/2
00
7
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
025
TR
US
D
-4.9
0%
4
.16%
9
.05%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
T. R
ow
e P
rice
Ret
irem
ent
2030
AD
V
Tar
get
-Dat
e 20
30
0.9
2%
0.9
2%
0.0
0%
0
.92%
0
.92%
$
9.2
0
$9
.20
-9
.46
%
-6.5
3%
-6.5
3%
4.7
7%
10.8
2%
8.3
4%
0
9/3
0/2
00
2
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
030
TR
US
D
-5.8
2%
4.4
4%
9
.74
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
T. R
ow
e P
rice
Ret
irem
ent
2035
AD
V
Tar
get
-Dat
e 20
35
0.9
5%
0.9
5%
0.0
0%
0
.95%
0
.95%
$
9.5
0
$9
.50
-1
0.3
1%
-7.17
%
-7.17
%
4.9
1%
11.14
%
5.8
0%
0
5/31
/20
07
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
035
TR
US
D
-6.8
2%
4.6
1%
10.17
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
30
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
T. R
ow
e P
rice
Ret
irem
ent
204
0 A
DV
Tar
get
-Dat
e 20
40
0.9
7%
0.9
7%
0.0
0%
0
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0
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$
9.7
0
$9
.70
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0.8
6%
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%
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0%
5.
04
%
11.3
3%
8.5
5%
09
/30
/20
02
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
04
0 T
R U
SD
-7
.65%
4
.65%
10
.32%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
T. R
ow
e P
rice
Ret
irem
ent
204
5 A
DV
Tar
get
-Dat
e 20
45
0.9
7%
0.9
7%
0.0
0%
0
.97%
0
.97%
$
9.7
0
$9
.70
-1
1.26
%
-7.7
8%
-7
.78
%
5.0
7%
11.3
3%
6.7
0%
0
5/31
/20
07
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
04
5 TR
US
D
-8.17
%
4.6
0%
10
.32%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
T. R
ow
e P
rice
Ret
irem
ent
2055
AD
V
Tar
get
-Dat
e 20
55
0.9
7%
0.9
7%
0.0
0%
0
.97%
0
.97%
$
9.7
0
$9
.70
-1
1.35%
-7
.86
%
-7.8
6%
5.
05%
11
.32%
5.
49
%
05/
31/2
00
7
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
055
TR
US
D
-8.5
7%
4.4
2%
10.19
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
T. R
ow
e P
rice
Ret
irem
ent
Bal
ance
d A
DV
Allo
cati
on-
-30
% t
o 5
0%
Eq
uity
0.7
7%
0.7
7%
0.0
0%
0
.77%
0
.77%
$
7.70
$
7.70
-5
.17%
-3
.57%
-3
.57%
2.
96
%
6.4
7%
5.56
%
10/3
1/20
03
Mo
rnin
gst
ar M
od
Co
n Tg
t R
isk
TR U
SD
-2
.87%
3.
46
%
6.2
6%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
31
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Dec
emb
er 3
1, 20
18
BO
ND
S C
orp
ora
te b
ond
s, U
.S. T
reas
ury
bill
s an
d U
.S. g
ove
rnm
ent
bo
nds
will
flu
ctua
te in
val
ue, a
nd t
he r
etur
n o
f p
rinc
ipal
is n
ot
gua
rant
eed
if s
old
bef
ore
mat
urit
y.
Har
tfo
rd T
ota
l Ret
urn
Bo
nd H
LS IA
Inte
rmed
iate
-Ter
m B
ond
0.5
2%
0.5
1%
0.0
0%
0
.52%
0
.51%
$
5.20
$
5.10
0
.37%
-0
.81%
-0
.81%
2.
79%
4
.88
%
N/A
0
8/3
1/19
77
BB
gB
arc
US
Ag
g B
ond
TR
US
D
0.0
1%
2.52
%
3.4
8%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
MF
S G
ove
rnm
ent
Sec
urit
ies
R3
Inte
rmed
iate
Go
vern
men
t
0.8
6%
0
.86
%
0.0
0%
0
.86
%
0.8
6%
$
8.6
0
$8
.60
2.
05%
0
.27%
0
.27%
1.5
0%
2.
23%
5.
76%
0
7/25
/19
84
BB
gB
arc
US
Go
vern
men
t TR
US
D
0.8
8%
1.9
9%
2.
12%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
PIM
CO
Rea
l Ret
urn
Ad
min
Infla
tio
n-P
rote
cted
Bo
nd
1.13%
1.1
3%
0.0
0%
1.1
3%
1.13%
$
11.3
0
$11
.30
-0
.99
%
-2.2
1%
-2.2
1%
1.23%
4
.09
%
5.27
%
01/
29/1
99
7
BB
gB
arc
US
Tre
asur
y U
S T
IPS
TR
US
D
-1.2
6%
1.6
9%
3.
64
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Put
nam
Hig
h Y
ield
A16
Hig
h Y
ield
Bo
nd
1.03%
1.0
3%
0.0
0%
1.0
3%
1.03%
$
10.3
0
$10
.30
-5
.17%
-3
.75%
-3
.75%
2.
72%
9
.32%
7.
02%
0
3/25
/19
86
ICE
Bo
fAM
L U
S H
igh
Yie
ld T
R U
SD
-2
.26
%
3.8
2%
10.9
9%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
Fixe
d R
etur
n In
vest
men
t 1s
t Q
20
19
2nd
Q 2
019
3r
d Q
20
19
4th
Q 2
019
Gen
eral
Acc
oun
t 4
.00
%
N/A
N
/A
N/A
FIX
ED
RE
TUR
N IN
VE
STM
EN
T O
PTI
ON
T
he t
able
bel
ow
fo
cuse
s o
n in
vest
men
t o
pti
ons
tha
t ha
ve a
fixe
d o
r st
ated
ret
urn.
Fe
es a
nd R
estr
icti
ons
8:
Up
to
1/6
th o
f th
e to
tal G
ener
al A
cco
unt
valu
e fo
r yo
ur P
lan'
s co
ntra
ct c
an b
e tr
ansf
erre
d f
rom
the
Gen
eral
Acc
oun
t p
er t
wel
ve-m
ont
h p
erio
d o
r co
ntra
ct y
ear,
as
app
licab
le, s
ubje
ct t
o t
he c
om
pet
ing
fun
d r
estr
icti
ons
. T
he D
ecla
red
Rat
e se
t fo
rth
abo
ve is
cre
dit
ed t
hro
ugh
the
clo
se o
f th
e ca
lend
ar y
ear
on
cont
rib
utio
ns r
ecei
ved
dur
ing
the
des
igna
ted
cal
end
ar q
uart
er. F
or
cont
rib
utio
ns r
ecei
ved
pri
or
to 0
1/0
1/19
, the
Dec
lare
d R
ate
is 4
.00
%. R
ates
quo
ted
are
eff
ecti
ve a
nnua
l yie
lds.
C
erta
in s
pec
ial r
ules
ap
ply
to
the
Fix
ed A
cco
unt
inve
stm
ent
op
tio
n up
on
cont
ract
dis
cont
inua
nce.
If y
our
em
plo
yer
dis
cont
inue
s th
e co
ntra
ct a
nd m
ove
s th
e p
lan'
s as
sets
to
ano
ther
pro
vid
er, a
mo
unts
inve
sted
in t
he F
ixed
Acc
oun
t m
ay b
e su
bje
ct t
o a
mar
ket
valu
e ad
just
men
t, w
hich
may
alt
er t
he a
mo
unt
pai
d a
t d
isco
ntin
uanc
e b
ased
on
the
form
ula
set
fort
h in
the
co
ntra
ct, o
r m
ay b
e p
aid
out
ove
r a
set
per
iod
of
year
s as
sp
ecifi
ed in
the
co
ntra
ct. P
leas
e co
ntac
t yo
ur
emp
loye
r fo
r m
ore
info
rmat
ion.
A
dju
stm
ent
Pro
visi
ons
/Min
imum
Gua
rant
eed
Rat
e:
The
rat
e o
f in
tere
st d
isp
laye
d is
the
cur
rent
dec
lare
d r
ate
on
an a
nnua
lized
bas
is a
nd is
eff
ecti
ve f
or
the
term
sho
wn
abo
ve. Y
our
Pla
n's
cont
ract
als
o in
clud
es a
cu
rren
t m
inim
um g
uara
ntee
d in
tere
st r
ate
("M
GIR
") o
f 4
.00
%. F
or
som
e co
ntra
cts,
the
MG
IR is
set
fo
r th
e lif
e o
f th
e co
ntra
ct. F
or
oth
er c
ont
ract
s, t
he M
GIR
will
be
rese
t an
nual
ly u
sing
the
met
hod
olo
gy
des
crib
ed in
the
co
ntra
ct a
nd w
ill b
e su
bje
ct t
o t
he c
ont
ract
’s s
tate
of
issu
e no
n-fo
rfei
ture
law
reg
ard
ing
min
imum
inte
rest
ra
tes
or,
if n
o s
tate
law
exi
sts,
the
Nat
iona
l Ass
oci
atio
n o
f In
sura
nce
Co
mm
issi
one
rs (
NA
IC)
mo
del
no
n-fo
rfei
ture
law
. F
or
curr
ent
info
rmat
ion
reg
ard
ing
the
sp
ecifi
c d
ecla
red
and
min
imum
inte
rest
rat
es, a
sso
ciat
ed w
ith
this
inve
stm
ent
op
tio
n fo
r yo
ur p
lan
and
co
ntra
ct, p
leas
e vi
sit
ww
w.m
assm
utua
l.co
m/s
erve
or
cont
act
Mas
sMut
ual a
t 88
8-9
45-
655
9.
32
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
33
Op
tio
n na
me:
Fix
ed A
nnui
ty P
ayo
ut O
pti
on†
Ob
ject
ives
and
go
als:
T
o p
rovi
de
a g
uara
ntee
d s
trea
m o
f re
tire
men
t in
com
e fo
r yo
ur li
fe b
ased
on
the
num
ber
of
annu
ity
unit
s yo
u ac
qui
re d
urin
g y
our
p
arti
cip
atio
n in
the
Pla
n.
P
rici
ng F
acto
rs:
The
co
st o
f ea
ch a
nnui
ty u
nit
dep
end
s o
n yo
ur a
ge
and
inte
rest
rat
es w
hen
you
buy
it. O
rdin
arily
the
clo
ser
you
are
to r
etir
emen
t th
e m
ore
it w
ill c
ost
yo
u to
buy
a u
nit.
S
ubje
ct t
o t
erm
s o
f yo
ur P
lan
and
ap
plic
able
Pla
n co
ntra
ctua
l arr
ang
emen
ts, b
enefi
t fo
rms
may
incl
ude
a si
ngle
life
ann
uity
, a li
fe
annu
ity
wit
h a
10, 1
5, o
r 20
-yea
r ce
rtai
n p
erio
d, a
cas
h re
fund
life
ann
uity
, a jo
int
and
sur
vivo
r lif
e an
nuit
y, a
n an
nuit
y w
ith
mo
nthl
y p
aym
ents
fo
r a
des
igna
ted
per
iod
, whi
ch m
ay b
e fr
om
five
to
30
yea
rs a
nd a
ny o
ther
pay
men
t o
pti
ons
mut
ually
ag
reed
by
your
an
nuit
y p
rovi
der
and
yo
ur P
lan.
The
pri
ce p
er s
hare
will
be
adju
sted
acc
ord
ing
ly b
ased
on
the
pay
men
t o
pti
ons
yo
u se
lect
. S
ubje
ct t
o t
erm
s o
f yo
ur P
lan
and
ap
plic
able
Pla
n co
ntra
ctua
l arr
ang
emen
ts, i
f yo
u d
ie b
efo
re in
com
e p
aym
ents
beg
in, a
dea
th
ben
efit
will
be
pro
vid
ed t
o y
our
ben
efici
ary.
The
dea
th b
enefi
t sh
all g
ener
ally
be
equa
l to
the
par
tici
pan
t’s
acco
unt
valu
e, r
educ
ed b
y an
y ap
plic
able
sta
te/m
unic
ipal
ity
pre
miu
m t
axes
, any
unp
aid
fee
s o
r ch
arg
es a
nd a
ny o
utst
and
ing
loan
ind
ebte
dne
ss. B
enefi
ciar
y co
vera
ge
may
als
o b
e av
aila
ble
dur
ing
the
ben
efit
pay
out
pha
se, s
ubje
ct t
o t
he a
nnui
ty b
enefi
t fo
rm s
elec
ted
by
you.
Res
tric
tio
ns a
nd F
ees:
S
ubje
ct t
o t
erm
s o
f yo
ur P
lan
and
ap
plic
able
Pla
n co
ntra
ctua
l arr
ang
emen
ts, t
he e
lect
ion
of
an a
nnui
ty p
ayo
ut o
pti
on
is t
ypic
ally
ir
revo
cab
le a
nd n
o s
urre
nder
s ar
e p
erm
itte
d o
nce
pay
men
ts c
om
men
ce, w
ith
the
exce
pti
on
of
any
annu
ity
feat
urin
g m
ont
hly
pay
men
ts f
or
a d
esig
nate
d p
erio
d. W
ith
resp
ect
to a
n an
nuit
y w
ith
mo
nthl
y p
aym
ents
fo
r a
des
igna
ted
per
iod
, sur
rend
ers
will
g
ener
ally
be
sub
ject
to
any
ap
plic
able
co
ntin
gen
t d
efer
red
sal
es c
harg
es (
typ
ical
ly a
per
cent
age
of
the
full
amo
unt
of
the
surr
end
er,
bas
ed o
n ce
rtai
n P
lan
cont
ract
cri
teri
a).
A P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e (“
Cha
rge”
, als
o r
efer
red
to
as
a m
ort
alit
y, e
xpen
se r
isk
and
/or
adm
inis
trat
ive
char
ge)
is
app
licab
le t
o t
he a
sset
s as
soci
ated
wit
h yo
ur a
cco
unt.
The
max
imum
Cha
rge
app
licab
le t
o y
our
acc
oun
t is
1.2
5% p
er y
ear.
Ho
wev
er,
your
exa
ct C
harg
e m
ay b
e lo
wer
. Up
on
adva
nce
noti
ce t
o y
our
Pla
n, t
his
Cha
rge
may
dec
reas
e o
r in
crea
se.
In a
dd
itio
n to
any
cha
rges
des
crib
ed a
bo
ve, a
ny a
mo
unts
wit
hdra
wn
fro
m y
our
acc
oun
t to
pur
chas
e an
ann
uity
pay
out
op
tio
n w
ill b
e su
bje
ct t
o a
ded
ucti
on
for
any
app
licab
le s
tate
/mun
icip
alit
y p
rem
ium
tax
es.
†
Thi
s o
pti
on
may
be
avai
lab
le t
o y
ou
if p
erm
itte
d u
nder
the
ter
ms
of
your
Pla
n. F
or
add
itio
nal i
nfo
rmat
ion
reg
ard
ing
any
ann
uity
pay
out
op
tio
ns t
hat
may
be
avai
lab
le t
o y
ou
und
er y
our
Pla
n, a
s w
ell a
s an
y as
soci
ated
fee
s an
d e
xpen
ses,
ple
ase
cont
act
your
Pla
n S
po
nso
r.
AN
NU
ITY
OP
TIO
NS
The
tab
les
bel
ow
fo
cus
on
the
annu
ity
op
tio
ns u
nder
the
Pla
n.
Ann
uiti
es a
re in
sura
nce
cont
ract
s th
at a
llow
yo
u to
rec
eive
a g
uara
ntee
d s
trea
m o
f p
aym
ents
at
reg
ular
inte
rval
s, u
sual
ly b
egin
ning
whe
n yo
u re
tire
and
last
ing
yo
ur e
ntir
e lif
e. G
uara
ntee
s o
f an
insu
ranc
e co
mp
any
are
sub
ject
to
its
long
-ter
m fi
nanc
ial s
tren
gth
and
cla
ims-
pay
ing
ab
ility
. Fi
xed
Ann
uity
Pay
out
Op
tio
n In
form
atio
n T
he t
able
bel
ow
fo
cuse
s o
n th
e an
nuit
y o
pti
ons
und
er t
he P
lan.
Ann
uiti
es a
re in
sura
nce
cont
ract
s th
at a
llow
yo
u to
rec
eive
a g
uara
ntee
d s
trea
m o
f p
aym
ents
at
reg
ular
inte
rval
s, u
sual
ly b
egin
ning
whe
n yo
u re
tire
and
last
ing
yo
ur e
ntir
e lif
e. G
uara
ntee
s o
f an
insu
ranc
e co
mp
any
are
sub
ject
to
its
long
-ter
m fi
nanc
ial s
tren
gth
an
d c
laim
s-p
ayin
g a
bili
ty.
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
Op
tio
n na
me:
Var
iab
le A
nnui
ty P
ayo
ut O
pti
on†
†
Ob
ject
ives
and
go
als:
T
o p
rovi
de
a so
urce
of
reti
rem
ent
inco
me
for
your
life
, wit
h p
aym
ent
amo
unts
tha
t m
ay v
ary
dep
end
ing
up
on
und
erly
ing
inve
stm
ent
per
form
ance
and
any
ap
plic
able
fee
s an
d e
xpen
ses,
bas
ed u
po
n th
e in
vest
men
t o
pti
ons
yo
u ha
ve s
elec
ted
fo
r yo
ur a
cco
unt,
sub
ject
to
the
inve
stm
ent
op
tio
ns a
vaila
ble
und
er y
our
Pla
n. F
or
info
rmat
ion
reg
ard
ing
und
erly
ing
inve
stm
ent
per
form
ance
, fee
s an
d
exp
ense
s, p
leas
e re
fer
to t
he in
form
atio
n p
rovi
ded
in t
he p
rece
din
g c
hart
tab
les.
Pri
cing
Fac
tors
: T
he c
ost
of
each
ann
uity
uni
t d
epen
ds
on
your
ag
e an
d in
tere
st r
ates
whe
n yo
u b
uy it
. Ord
inar
ily t
he c
lose
r yo
u ar
e to
ret
irem
ent
the
mo
re it
will
co
st y
ou
to b
uy a
uni
t.
Sub
ject
to
ter
ms
of
your
Pla
n an
d a
pp
licab
le P
lan
cont
ract
ual a
rran
gem
ents
, ben
efit
form
s m
ay in
clud
e a
sing
le li
fe a
nnui
ty, a
life
an
nuit
y w
ith
a 10
, 15,
or
20-y
ear
cert
ain
per
iod
, a c
ash
refu
nd li
fe a
nnui
ty, a
join
t an
d s
urvi
vor
life
annu
ity,
an
annu
ity
wit
h m
ont
hly
pay
men
ts f
or
a d
esig
nate
d p
erio
d, w
hich
may
be
fro
m fi
ve t
o 3
0 y
ears
and
any
oth
er p
aym
ent
op
tio
ns m
utua
lly a
gre
ed b
y yo
ur
annu
ity
pro
vid
er a
nd y
our
Pla
n. T
he p
rice
per
sha
re w
ill b
e ad
just
ed a
cco
rdin
gly
bas
ed o
n th
e p
aym
ent
op
tio
ns y
ou
sele
ct.
Sub
ject
to
ter
ms
of
your
Pla
n an
d a
pp
licab
le P
lan
cont
ract
ual a
rran
gem
ents
, if
you
die
bef
ore
inco
me
pay
men
ts b
egin
, a d
eath
b
enefi
t w
ill b
e p
rovi
ded
to
yo
ur b
enefi
ciar
y. T
he d
eath
ben
efit
shal
l gen
eral
ly b
e eq
ual t
o t
he p
arti
cip
ant’
s ac
coun
t va
lue,
red
uced
by
any
app
licab
le s
tate
/mun
icip
alit
y p
rem
ium
tax
es, a
ny u
npai
d f
ees
or
char
ges
and
any
out
stan
din
g lo
an in
deb
ted
ness
. Ben
efici
ary
cove
rag
e m
ay a
lso
be
avai
lab
le d
urin
g t
he b
enefi
t p
ayo
ut p
hase
, sub
ject
to
the
ann
uity
ben
efit
form
sel
ecte
d b
y yo
u.
Res
tric
tio
ns a
nd F
ees:
F
or
info
rmat
ion
reg
ard
ing
any
res
tric
tio
ns a
pp
licab
le t
o t
he in
vest
men
t o
pti
ons
yo
u ha
ve s
elec
ted
fo
r yo
ur a
cco
unt,
ple
ase
refe
r to
th
e in
form
atio
n p
rovi
ded
in t
he p
rece
din
g c
hart
tab
les.
S
ubje
ct t
o t
erm
s o
f yo
ur P
lan
and
ap
plic
able
Pla
n co
ntra
ctua
l arr
ang
emen
ts, t
he e
lect
ion
of
an a
nnui
ty p
ayo
ut o
pti
on
is t
ypic
ally
ir
revo
cab
le a
nd n
o s
urre
nder
s ar
e p
erm
itte
d o
nce
pay
men
ts c
om
men
ce, w
ith
the
exce
pti
on
of
any
annu
ity
feat
urin
g m
ont
hly
pay
men
ts f
or
a d
esig
nate
d p
erio
d. W
ith
resp
ect
to a
n an
nuit
y w
ith
mo
nthl
y p
aym
ents
fo
r a
des
igna
ted
per
iod
, sur
rend
ers
will
g
ener
ally
be
sub
ject
to
any
ap
plic
able
co
ntin
gen
t d
efer
red
sal
es c
harg
es (
typ
ical
ly a
per
cent
age
of
the
full
amo
unt
of
the
surr
end
er,
bas
ed o
n ce
rtai
n P
lan
cont
ract
cri
teri
a).
A P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e (“
Cha
rge”
, als
o r
efer
red
to
as
a m
ort
alit
y, e
xpen
se r
isk
and
/or
adm
inis
trat
ive
char
ge)
is
app
licab
le t
o t
he a
sset
s as
soci
ated
wit
h yo
ur a
cco
unt.
The
max
imum
Cha
rge
app
licab
le t
o y
our
acc
oun
t is
1.2
5% p
er y
ear.
Ho
wev
er,
your
exa
ct C
harg
e m
ay b
e lo
wer
. Up
on
adva
nce
noti
ce t
o y
our
Pla
n, t
his
Cha
rge
may
dec
reas
e o
r in
crea
se.
In a
dd
itio
n to
any
cha
rges
des
crib
ed a
bo
ve, a
ny a
mo
unts
wit
hdra
wn
fro
m y
our
acc
oun
t to
pur
chas
e an
ann
uity
pay
out
op
tio
n w
ill b
e su
bje
ct t
o a
ded
ucti
on
for
any
app
licab
le s
tate
/mun
icip
alit
y p
rem
ium
tax
es.
††
Thi
s o
pti
on
may
be
avai
lab
le t
o y
ou
if p
erm
itte
d u
nder
the
ter
ms
of
your
Pla
n. F
or
add
itio
nal i
nfo
rmat
ion
reg
ard
ing
any
ann
uity
pay
out
op
tio
ns t
hat
may
be
avai
lab
le t
o y
ou
und
er y
our
Pla
n, a
s w
ell a
s an
y as
soci
ated
fee
s an
d e
xpen
ses,
ple
ase
cont
act
your
Pla
n S
po
nso
r.
Var
iab
le A
nnui
ty P
ayo
ut O
pti
on
Info
rmat
ion
The
tab
le b
elo
w f
ocu
ses
on
the
annu
ity
op
tio
ns u
nder
the
Pla
n. A
nnui
ties
are
insu
ranc
e co
ntra
cts
that
allo
w y
ou
to r
ecei
ve a
gua
rant
eed
str
eam
of
pay
men
ts a
t re
gul
ar in
terv
als,
usu
ally
beg
inni
ng w
hen
you
reti
re a
nd la
stin
g y
our
ent
ire
life.
Gua
rant
ees
of
an in
sura
nce
com
pan
y ar
e su
bje
ct t
o it
s lo
ng-t
erm
fina
ncia
l str
eng
th
and
cla
ims-
pay
ing
ab
ility
.
34
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
(This page intentionally left blank)
B4452b 0617
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