Get Real With Your Retirement• The plan you set in motion today can help you reach your retirement...

Get Real With

Your RetirementA Guide To Enrolling In Your Retirement Plan

El Rio Santa Cruz Neighborhood Health Center, Inc. Retirement Plan

Time To Dream

If you’re living the American Dream — or simply living in

America — it’s a given that you have competing fi nancial

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

fi nancial goals, it’s often retirement. Losing this battle

could mean less fi nancial 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 fi t

into your life right now.

Time To Dream

Time To Get Real

Savings and Investment Plan Snapshot

Get Started

Pick Your Approach

Time To Enroll

Enrollment Forms

Investment Fund Descriptions

Time To Plan (Educational Materials And Illustrations)

Plan Highlights

Glossary

What’s Included In This Booklet?

x

Enroll now! www.standard.com/retirement, 800.858.5420

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.

• 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

Automatic Enrollment In Your Plan

When you are automatically enrolled in this retirement plan, contributions will be deducted at a specified percentage from your pay and invested on your behalf in an investment option selected by your employer. Once enrolled, you can change your contribution amount or how your money is invested.

Read the Special Notice and Plan Overview included with this booklet. Pay particular attention to the default contribution percentage and investment option specified by your employer.

If you want to change your contribution percentage, complete the appropriate boxes on the Savings Form.

To opt out of the automatic enrollment feature and your retirement plan, log in to Personal Savings Center and take the steps in the Retirement Account Overview section.

To Get Started Now:

• Enroll online (www.standard.com/retirement)

• Enroll by phone (800.858.5420)

• Enroll with the forms in this booklet

Susanna, age 26

• Still paying off college debt

• Wants to travel more

• Dreams about working for a nonprofit helping young women in poverty

• Saving minimum for retirement, but hopes to save more someday

STN_EdSet_Intro_AE.pdf

4.21.2014

1

Standard Retirement Services, Inc.

Time To Get Real

Planning can help you comfortably and efficiently reach your retirement goal.

But does knowing that inspire you to take action? The reality is that you are

influenced by the challenges you encounter — many of which you are not

even consciously aware of — on a daily basis.

Understanding how these daily behavioral challenges work to sabotage our

savings efforts is the first step. Getting out of our own way is the second.

And the third is doing the work toward making our dreams a reality.

What’s Your Challenge?

Psychological challenges abound when it comes to saving for retirement.

Do any of the following sound familiar to you?

Trapped In A State Of Inertia

Inertia is the tendency to stay at rest or keep moving in one direction until

acted upon by an outside force. In the case of saving, planning or investing

for retirement, maybe you have never filled out the necessary forms or taken

steps to enroll.

Overwhelmed By Choices

Having too many choices can actually get in the way of making a purchase

or an investment. This booklet simplifies retirement planning for you.

Compelled To Put Things Off Until Later

Maybe you’re thinking, “I can’t fit saving for retirement into the budget now”

or “I’ll enroll next time open enrollment comes around.” Put these thoughts

aside, act now and enroll.

Desiring An Immediate Payoff

Buy and enjoy something now or invest in your retirement plan knowing you

won’t be able to enjoy the benefits for many years? It’s a tough choice, but

your future, older self is confident you’ll make the right choice today.

William, age 52

• Unmarried with two dogs and a

Ford Mustang

• Financially supports his aging parents

• Dreams about restoring vintage cars

• Feels a bit behind in his retirement

savings

2


LeAnn, age 40

• Single working mother of eight-year-old

• Lives paycheck to paycheck

• Dreams of sending her daughter

to college

• Resisted temptation to quit saving for

retirement to meet today’s needs

You Are Not Alone

When it comes to facing challenges with starting to save or saving enough,

you are not alone.

Starting to save is an essential piece of realizing your retirement dreams,

yet 34 percent of workers surveyed in the 2013 Employee Benefit Research

Institute’s “Retirement Confidence Survey” have not saved anything.

The survey also revealed that 36 percent of workers do not feel confident

that they are doing well in preparing financially for retirement. And less than

half said that they had completed a retirement needs calculation.

Whether or not you can relate to these findings, there’s work to be done

to move you closer to your retirement goals. Everything in this booklet

was designed to do just that, starting with the Savings and Investment

Plan Snapshot shown next.

Failing To Plan = A Failed Plan

34% have not saved anything for retirement.

36%are “not confident” that they are doing a good

job of preparing financially for retirement.

54%have not completed a retirement needs

calculation.

2013 Employee Benefit Research Institute’s (EBRI) Retirement Confidence Survey, workers surveyed

were age 25 or older.

3


Luis, age 47; Gloria, age 44

and pleasure

has not yet started

A Retirement Reality Check

The Savings and Investment Plan Snapshot on the next page projects how

much income you may have in retirement and whether that will be enough to

meet your goals.

The amount in the gray box under Projected Monthly Retirement Income

indicates whether you are on track to have the income you will need to reach

your goals.

If the number is positive, you currently appear to be on track

If the number is in parentheses (negative), you do not currently appear to

be on track

Most people find that they fall into the latter category. If you do, take heart.

Continue through the booklet to learn more about how you can use tools and

services from The Standard to help increase your actual monthly retirement

income and get you back on track to achieve your goals.

Remember, the Snapshot is an estimate that is only as good as the

information that was available to The Standard. With additional information

— for example, you may have assets in another plan or investments that

were not included in this estimate — your actual situation may appear

considerably different.

How Was This Snapshot Prepared?

If The Standard received information about you from your employer, the

Snapshot was personalized for you. If that information wasn’t available, a

sample illustration was included.

In preparing a personalized Snapshot for you, The Standard followed a

process.

Information was provided by your employer, including your current

- age

- salary

- retirement plan account balance, if applicable

Assumptions were made concerning:

- future increases in your pay

- your current savings rate

- rate of return on your plan investments

- your additional retirement income sources, if any

- the rate of inflation

- other factors

STN_EdSet_SnapshotPrep_MM.pdf

2011

10.1

7.

4


Savings And Investment Plan Snapshot For:

Participant Name Preliminary (09/30/13)

Consider the Snapshot a kind of retirement reality check. It allows you to compare what savings you may have today with the income you may need during retirement to maintain your lifestyle.

Date of birth: 8/1/1972 Retirement plan contribution: 5%

Annual salary: $30,000 Investment strategy: moderate risk*

Average long-term salary growth: 3%* Other retirement investments and savings: not yet considered

Retirement account balance: $12,500 Unique personal circumstances and considerations: not yet considered

* Default value was used.

Identify your investment objective and invest in a portfolio of quality investments. As your career progresses, continue to evaluate your needs and investment objectives to make appropriate adjustments to your portfolio allocation. Keep a close eye on important economic factors, financial markets and fund managers. Manage your portfolio with a well-defined investment policy.

• Maintain the same lifestyle you have now during retirement• Retire at age 65 • $4,231 monthly income (future dollars)

Your Retirement Goals

Social Security Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,358Retirement Plan Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,076 Total Projected Monthly Retirement Income . . . . . . . . . . . . . . . $3,434Your Income Goal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,231

Monthly income shortfall to be addressed by Savings and Investment Plan Strategy . . . . . . . . . . . . . . . . . . . . . . . . . ($798)

Projected Monthly Retirement Income

Based on the information we currently have about your retirement savings, you may want to consider contributing a straight 12 percent of your salary to get you off to a healthy start. As your situation changes or as you provide us with more information, this percentage can likely be adjusted.

Savings Plan Strategy

Investment Plan Strategy

Assumptions

Fixed Income: 40% Fixed Income: 60% Fixed Income: 70% Fixed Income: 80%

Equity: 60% Equity: 40% Equity: 30% Equity: 20%

Initial Allocation 14 Years Allocation 9 Years Allocation 5 Years

Allocation from Retirement from Retirement from Retirement

STN_EdSet_GenSnapShot_SSIYes_30000.pdf

11.25.2013

5

Get Started

You may be feeling a bit overwhelmed now that you’ve experienced a “reality check” by reviewing your Savings and Investment Snapshot. At this point it’s crucial that you use this information to get started and move forward on a plan for your retirement.

Later in this booklet you will find a worksheet titled, “How Much Do You Need to Save?” It allows you to enter information about your current situation and goals, then calculate how much you should be contributing to your plan now to enjoy a retirement in line with your goals.

If the Savings and Investment Plan Snapshot on the preceding page was personalized for you, the “Savings Plan Strategy” recommends how much you should be saving today. If you’ve chosen to use Mainspring Managed, your Savings and Investment Plan Snapshot will spell this out for you.

Use The Power Of Your Retirement Plan

Your employer’s retirement plan includes two important features that make saving for retirement easier: tax-deferred compounding and pre-tax savings. In addition, the plan’s service partner, The Standard, offers a variety of tools that take the mystery out of deciding how much to save and choosing investments.

Tax-Deferred Compounding

Generally, investments are subject to income taxes as they grow in value. Investments in retirement plans are different; your contributions will grow tax-deferred until withdrawn from the plan. Plus, your money will earn interest on the money you would have otherwise paid in taxes.

This chart, which compares the returns of a tax-deferred account to a regular taxable account, helps you visualize the importance of starting to accumulate retirement income now.

This chart is hypothetical and for illustrative purposes only and is not intended to be a projection of future values of any product. The investment return and principal value of an

investment will fluctuate and an investor’s interest, when redeemed, may be worth more or less than the original investment. Past performance is no guarantee of future

results. The Standard imposes certain asset-based fees and administrative fees. These charges were not included; if they were, the tax-deferred performance would have

been lower. Withdrawals prior to age 591/2 may be subject to a 10 percent federal income tax penalty. This illustration assumes a $25 weekly contribution, a 25 percent federal

income tax rate, a gross annual growth rate of 8 percent, and a 3 percent annual wage increase with a corresponding increase in weekly contributions. Note that lower

maximum tax rates on capital gains and dividends could make the investment return for the taxable investment more favorable, thereby reducing the difference in performance

between the investments shown. Please consider your personal investment horizon and income tax bracket, both current and anticipated, when making an investment decision

as these may further affect the results of the comparison. Withdrawals from the tax-deferred account will be subject to federal and possibly state income tax.

$217,906

10 years

The Power Of Tax-Deferred Compounding

20 years

30 years $114,196

$15,081$22,368

$47,740$79,809

Taxable Savings AccountTax-deferred Savings Account

Ryan, age 35

• Engineerwhodreamsofbeingaprofessorlaterinlife

• Marriedwithfour-year-oldandanotherontheway

• Daycarecostswillsoonnearlyequalhousepayment

• Savingnowwithplansofearlyretirement

Standard Retirement Services, Inc.6


Pre-Tax Savings

Your contributions 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 2013 federal tax rate: single filer, one exemption, 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 $60. The $12 difference represents her tax withholding savings.

1 Amounts saved in the plan are taxable upon withdrawal.

Anne, age 60; Roger, age 64• Married for 41 years

• Three grandchildren

• Dream of traveling with their son to Europe

• Saving all they can now, trying to choose a retirement date

When you have been automatically

enrolled at a contribution

percentage determined by your

employer, you can change the

amount by visiting Personal

Savings Center at www.standard.

com/retirement or by calling

800.858.5420.

Tax Savings Calculator For Pre-tax Contributions1

$400 $500 $600 $700 $800 $900 $1,000 $1,500 $2,000

4% 16 20 24 28 32 36 40 60 80

13 17 19 23 26 26 30 45 58

5% 20 25 30 35 40 45 50 75 100

17 20 25 29 34 32 37 56 72

6% 24 30 36 42 48 54 60 90 120

19 25 30 34 40 39 45 68 86

7% 28 35 42 49 56 63 70 105 140

23 29 34 41 47 45 52 79 101

8% 32 40 48 56 64 72 80 120 160

26 34 40 47 53 52 60 90 115

9% 36 45 54 63 72 81 90 135 180

30 37 45 52 60 58 67 101 130

10% 40 50 60 70 80 90 100 150 200

34 42 51 59 68 67 75 113 144

11% 44 55 66 77 88 99 110 165 220

36 46 55 65 74 75 82 124 159

12% 48 60 72 84 96 108 120 180 240

40 51 60 70 81 82 90 135 174

Gross Weekly Salary

Con

trib

utio

n Pe

rcen

tage

STN_EdSet_AE.pdf

11.25.2013

7


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 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.

Managedmaybea goodchoiceifyou:

• Needhelptoregularlyandrealisticallyevaluate your situation

• Needprofessionaladvicetodeterminehowmuchtosaveandhowtomanageyour investments

• Wantautomaticadjustmentstoyoursavings rate and investment mix over

timeoraslifeeventsoccur

• Wanttoimprovetheaccuracyofyourplanbyprovidingadditionalinancialinformationaboutyouandyour spouse/partner

Managed: Do It All For Me

10.1

7.2

011

ST

N_

Ed

Se

t _A

ppro

ach_M

M.p

df

8


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

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.

Guidedmaybea goodchoiceifyou:

• Prefertoevaluateyoursituation annuallyusingavailabletools

• Wanttosetandmanageyour savings rate

• Wanttousepre-mixedinvestmentportfoliostomanageyour owninvestments

• Needalittlehelpmanaging your investments

• Wantyouraccounttobe automaticallyrebalanced

Independentmaybea goodchoiceifyou:

• Prefertoevaluateyoursituation annuallyusingavailabletools

• Wanttosetandmanageyour savings rate

• Prefertodoyourown investment research

• Wanttorebalanceyourportfolio yourselfasneeded

• Wanttoincreaseyoursavings rateyourselfasneeded

Guided: Guide Me Through The Process

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?

Regardless of which approach you take — Managed, Guided or Independent

— the “Time to Enroll” section has all the instructions you need to sign up.

Independent: I’ll Do It All Myself

10.1

7.2

011

ST

N_E

dS

et

_A

ppro

ach_M

M.p

df

9


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.

Enter your total score:

Investor Profile Quiz

1. When do you expect to tap into

your retirement account? Points

a. Less than five years 0

b. Between five and 10 years 20

c. Between 10 and 15 years 30

d. More than 15 years 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.). 12

b. I expect my pay to increase slightly faster

than inflation. 10

c. I expect my pay to just keep up with inflation. 5

d. I expect my pay to decrease (due to retirement,

part-time work, depressed industry, etc.). 0

Score:

3. How do you feel about investing

for retirement? Points

a I am seeking maximum stability,

even if returns are low. 0

b. I can tolerate a small amount of fluctuation

in my investment account, and I am seeking

consistent returns. 4

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. 8

d. I am willing to assume a relatively high level

of volatility for potentially greater returns. 12

e I am seeking maximum long-term growth, even

if it means wide swings in my account value. 15

Score:

4. How much risk are you willing to

take in order to potentially increase

your investment return? Points

a. I am willing to take a lot of risk

with all of my retirement account. 15

b. I am willing to take a lot of risk

with some of my retirement account. 12

c. I am willing to take a little risk

with all of my retirement account. 8

d. I am willing to take a little risk

with some of my retirement account. 4

e. I am unwilling to take on more risk. 0

Score:

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. 0

b. Transfer some of my stock funds into

less aggressive investments. 2

c. Do nothing and wait for it to come back. 4

d. Buy more: increase my stock investments

while prices are low. 8

Score:

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. 0

b. Transfer some of my stock funds

into less aggressive investments. 3

c. Do nothing and wait for it to come back. 6

d. Buy more: Increase my holdings

in stock funds while prices are low. 10

Score:

STN_EdSet_InvProfQuiz.pdf

4.29.2014

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.

You should carefully consider the investment objectives, risks, charges and expenses of the investment options offered under the retirement plan before investing. Small-

company (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.

Guided Portfolios

■ Cash Equivalents 30%

■ Bonds 50%

■ Lg Cap Stocks 13%

■ Sm/Mid Cap 4%

■ Int’l Stocks 3%


■ Bonds 40%


■ Sm/Mid Cap 8%



■ Bonds 30%


■ Sm/Mid Cap 12%



■ Bonds 20%


■ Sm/Mid Cap 16%



■ Bonds 0%


■ Sm/Mid Cap 20%


Less Risk/Less Potential Return Higher Risk/Higher Potential Return

ModeratelyAggressive

(Score: 67-79)

Aggressive(Score: 80 and above)

Conservative(Score: Less than 40)

ModeratelyConservative

(Score: 41-53)

Moderate(Score: 54-66)

We’ll Rebalance For You

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.

ST

N_E

dS

et

_G

uid

edP

ort

s.p

df

10.1

7.2

011

11


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 information you need 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.

How To Sign Up

To complete the enrollment

process, go to www.

standard.com/retirement.

After you enroll online, your

contributions will be deposited

in your retirement account

beginning with your first

contribution following your

date of participation.

Action Item 1: Take the quiz to identify your preferred investing style.

Action Item 2: Decide how you’d like to invest, whether it’s using a pre-mixed portfolio or selecting your own asset allocation. You can modify your investments online at any time.

Action Item 3: Decide if you’d like to use the Automatic Rebalancer service.

Action Item 4: Select the method you’ll use to enroll:

• Online.

– Log in at www.standard.com/retirement. On your first visit, follow the instructions to create an online account. (If you need assistance, call 800.858.5420.)

– From the My Services screen, continue to your retirement account.

– From the Account menu, select Enroll in the Plan.

• Call 800.858.5420.

– Follow the voice prompts.

Go Paperless

Would you like to receive your quarterly

statement electronically? Go to

www.standard.com/retirement, create

an account and log in. Then follow the steps

on the “Account Statements” page.

After the steps are completed, you will receive

a confirmation email. You will also be provided

tips on setting up your address book to ensure

emails are delivered to your inbox.

Each quarter, you will receive an email

notifying you as soon as your statement is

ready to view online.

Going paperless is secure, environmentally

smart and keeps you in control of your

statement delivery. If you have questions

about paperless statements, email

[email protected] or call 800.858.5420.

How_to_Enroll_Contrib_Online_Only.pdf

11.25.2013

12

810832 (3/08)

Mainspring Managed Savings FormEl Rio Santa Cruz Neighborhood Health Ctr.

Retirement Plan#810832

Select one of the three options below regarding your risk tolerance. (If you do not complete this question, we will assume youare a middle-of-the-road investor.) StanCorp Investment Advisers is available to assist you with more detailed planning. Weencourage you to complete the Mainspring Managed Supplemental Information Form located in the enrollment booklet so wecan 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.

MY RISK TOLERANCE

Unless you direct otherwise, your employer will deduct 3% from your earnings as a pre-tax contribution to your retirementsavings account and these contributions will be invested in the Plan’s default investment option.

The smallest amount you can contribute is 1% of your compensation. The most you can save during 2017 is $18,000 ($24,000if you are age 50 or older). This amount includes both pre-tax and after-tax Roth contributions. Other plan or legal limits mayalso apply.

I elect to contribute as pre-tax contributions: _______ %

I elect to contribute as after-tax Roth contributions: _______ %

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 myemployer and the plan administrator to implement any other instructions I have provided on this form. I have read the DisclosureStatement and Mainspring Managed Agreement in the following sections and, by signing here, I agree to be bound by their terms. Theemployer, trustees and any others concerned with the administration of the plan are entitled to rely on these instructions; each shall befully protected in taking or omitting any action under any provisions of the plan in reliance on this information.

Participant Signature _____________________________________________ Date __________________________

Social Security Number Last Name First Name

Mailing Address City State Zip

Date of Birth (mm/dd/yy) Date of Hire (mm/dd/yy) Expected Retirement Age (default 65)

Phone Number E-mail Address

AUTHORIZATION

HOW MUCH DO YOU WANT TO SAVE?

By completing this form, I am signing up for Mainspring Managed. I understand StanCorp Investment Advisers, Inc. will develop aSavings and Investment Plan designed just for me. They will also work with me on an ongoing basis to update my plan as mypersonal circumstances change.

13

810832 (3/08)

DISCLOSURE STATEMENT

MAINSPRING MANAGED AGREEMENT

You must notify The Standard within 15 days of receipt of your quarterly account statement if you think an error has occurred, or if yourequested and confirmed an investment transfer or directive change that was not completed during the period covered by the statement. Youmay give notice by contacting a customer service representative at 800.858.5420 or by e-mailing [email protected]. Unless you givesuch notice, The Standard will not be liable for any resulting loss to your account. In any case, The Standard will not be liable if circumstancesbeyond its control prevent the transaction, or if its liability is otherwise limited by regulation or agreement.

This Agreement is between you, a participant in a retirement plan, and StanCorp Investment Advisers, Inc. (“us” or “we”), for a specificadvisory 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 Managedservice.

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 andperiodically rebalance your account to your target allocation.

4. Provide telephone access to an investment advisor representative to address specific changes to your personal and financialcircumstances 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 formfor fee information.

This Agreement will remain in effect until you opt out of the Mainspring Managed service by calling our Advisory Service Center, bywithdrawing your entire vested account balance from the plan or by other means that we make available to you. The Agreement will terminateif 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 10days 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 InvestmentAdvisers is in effect. If your employer ceases to offer the Mainspring Managed service, your participation in it will cease and this Agreementwill terminate.

You acknowledge and understand that StanCorp Investment Advisers will have discretion to supervise, manage and direct the assets in yourinvestment account and any subsequent additions to the investment account. While this Agreement is in effect, StanCorp InvestmentAdvisers will have authority to adjust your contribution amount, and invest, reinvest, exchange and trade the assets in your investmentaccount among the investments selected by the plan's trustees or other fiduciary, all without prior consultation with you, as we deemappropriate. You will receive notice prior to any adjustment of your contribution amount so that you may instruct StanCorp InvestmentAdvisers 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 aboutyour retirement savings and assumptions about future economic results and mortality determined by StanCorp Investment Advisors. If youhave assets with another provider that are included on your quarterly statement, we will assume those assets are invested in a portfolio ofassets 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. Wecannot 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 informationprovided by you or your plan sponsor to us on any information form or by telephone or electronic medium. You also agree that StanCorpInvestment 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 consent.

You acknowledge receipt of our Disclosure Statement, Part II of the Form ADV, as amended to date, or a separate brochure which containsthe Part II information.

This Agreement constitutes the only agreement between you and StanCorp Investment Advisers with respect to the provision of MainspringManaged services.

Please return this signed document to: Standard Retirement Services, Inc.New Business, P9A1100 SW Sixth AvenuePortland, Oregon 97204

PLEASE NOTE: Your initial Mainspring Managed Savings and Investment Plan may not reflect account balances held at the prior provider.After plan assets have been transferred to The Standard, you will receive a revised Savings and Investment Plan reflecting your totalaccount balance.

The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA,wholesales a group annuity contract issued by Standard Insurance Company and a mutual fund trust platform for retirement plans. Third-partyadministrative services are provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp InvestmentAdvisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc. andStanCorp Investment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations14

StanCorp Investment Advisers, Inc. will provide a more detailed Savings and Investment Plan if you provideadditional information. Please complete this form, which is confidential and is not shared with your employer. If youhave questions about how to complete this form, contact the Advisory Service Center at 800.858.5420.

Please place in supplied envelope Standard Retirement Services, Inc.or return signed document to: 1100 SW Sixth Avenue, P9A

Portland, Oregon 97204Fax: 971.321.7998 Continued on back

Check either Yes or No. If you select Yes, you must complete Section 3. If you do not complete Section 3, we cannot includeinformation 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. Iunderstand that if I don't provide the following information about my spouse/partner, StanCorp InvestmentAdvisers 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 fromStanCorp Investment Advisers will focus on providing a retirement income that will support only myself. Pleasecontinue to Section 4. Do NOT complete Section 3.

1. Are you planning to tap into your retirement savings as of your retirement date, or your spouse/ Selfpartner's retirement date? Spouse/Partner

2. Spouse/Partner’s Date of Birth (If not provided, we are unable to use your spouse/partner’sretirement date.) _____/_____/_____

3. Spouse/Partner's Expected Retirement Age (We will assume age 65 if no responseis 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-tax401(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. Forexample, 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 Less than 30%

provided, we will assume a response of “Between 30%-70%.”) Between 30%-70%

Greater than 70%

810832 (3/08)

SECTION 3: INFORMATION ABOUT YOUR SPOUSE/PARTNER (Complete if you answered "Yes" in Section 2)

SECTION 1: YOUR INFORMATION

Mainspring Supplemental Information Form

El Rio Santa Cruz Neighborhood Health Ctr. Retirement Plan#810832

Social Security Number Last Name First Name

Date of Birth

SECTION 2: SCOPE OF RECOMMENDATION

15

810832 (3/08)

SECTION 4: OTHER RETIREMENT INCOME (Combined totals for you and your spouse/partner)

This certifies that all of the above information is accurate. I understand that I am responsible for contacting the Advisory Service Center at800.858.5420 to update my personal information on a regular basis.

_____________________________________________________ ______________________________________________

Signature Date

_____________________________________________________ ______________________________________________

Printed Name Social Security Number

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 notinclude 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 notadd 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.) Yes No

d. Percent of the current account balance invested in stocks or stock funds? Less than 30%

(We will assume “Between 30%-70%” if no response provided.) 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.) Yes No



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.) Yes No



Greater than 70%

Pension Plan Income

If you expect to have income from a defined benefit pension plan during retirement, enter the monthly Self $_______benefit here. Enter amounts for you and your spouse/partner payable at your individual expected (per month)retirement dates. You may receive a statement from your Plan Administrator periodically that containsthis information. Don't forget to include any benefits payable from companies from which you've Partner $_______terminated employment. (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

16

810832 (3/08)

StanCorp Investment Advisers, Inc.

www.standard.com

1100 SW Sixth Avenue

Portland, OR 97204

Phone: 971.321.8844

Item 1 - Cover Page

March 8, 2016

This brochure provides information about the qualifications and business practices of StanCorp Investment Advisers, Inc. If you have any

questions about the contents of this brochure, please contact us at 971.321.8844. The information in this brochure has not been approved

or verified by the U.S. Securities and Exchange Commission or by any state securities authority.

StanCorp Investment Advisers, Inc., is a registered investment advisor. Registration of an investment advisor does not imply a certain

level of skill or training.

Additional information about StanCorp Investment Advisers, Inc., is also available on the SEC’s website at www.adviserinfo.sec.gov.Item 2 - Material Changes

The following is a summary of material during the period between this brochure and our previous version, dated June 15, 2015:

• StanCorp Financial Group, Inc., our parent company, was purchased by Meiji Yasuda Life Insurance Company. Meiji Yasuda

does not expect to make any changes to our personnel, management, operations, products or services. Our business goals,

strategic approach and brand will also remain the same. The purpose of the acquisition was to expand the scope of Meiji

Yasuda’s offerings in the United States, to accelerate its diversification internationally and to counter the shrinking domestic

insurance market in Japan.

• The fixed income and derivatives portfolio of Standard Insurance Company is no longer managed by StanCorp Investment

Advisers, Inc. Effective Jan. 1, 2016, management of the assets was reassigned to Standard Insurance Company. This change

enhances our focus on retirement plan clients and streamlines our operations.

Item 3 - Table of Contents

Item 1 Cover Page

Item 2 Material Changes

Item 3 Table of Contents

Item 4 Advisory Business

Item 5 Fees and Compensation

Item 6 Performance-based Fees

Item 7 Types of Clients

Item 8 Methods of Analysis, Investment Strategies and Risk of Loss

Item 9 Disciplinary Information

Item 10 Other Financial Industry Activities and Affiliations

Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading

Item 12 Brokerage Practices

Item 13 Review of Accounts

Item 14 Client Referrals and Other Compensation

Item 15 Custody

Item 16 Investment Discretion

Item 17 Voting Client Securities

Item 18 Financial Information

Item 4 - Advisory Business

We provide investment management services to retirement plan clients, including:

1. investment consulting services to the retirement plan clients of Standard Insurance Company and Standard Retirement Services,

Inc., consisting of:

· fund selection and monitoring for group annuity separate accounts and the Standard Retirement Services, Inc.’s Net

Asset Value platform

· development and maintenance of model asset allocations for defined contribution plans

· fund portfolio construction for defined benefit plans

· assistance with selecting funds for specific retirement plan menus and portfolios

· quarterly monitoring reports reflecting the performance of funds offered to Standard Insurance Company and Standard

Retirement Services, Inc., retirement plan clients

· participant-level advice through the Mainspring Managed service

17

810832 (3/08)

2. investment advice to the Reliance Advisory Portfolio Collective Trusts, a series of 14 collective trusts owned by Reliance Trust

that:

• invest in unaffiliated mutual funds representing a broad range of asset categories

• have 10 fully diversified portfolios and four style-based portfolios, each representing the large, small and mid-cap,

fixed income and international equity categories

• are only available to clients of Standard Retirement Services, Inc.

Our total Regulatory Assets Under Management as of February 19, 2016, were $15.4 billion. Of that, $9.6 billion was managed on a

discretionary basis, and $5.8 billion was managed on a non-discretionary basis.

Item 5 - Fees and Compensation

Standard Insurance Company and Standard Retirement Services, Inc., pay a fixed retainer to us for services provided to their retirement

plan clients. In addition, retirement plan clients pay Standard Retirement Services, Inc., an asset-based fee for administrative and

recordkeeping services. 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. Retirement plan clients may terminate with a 60-day notice.

Since no advisory fees are charged, there is no closing bill from our firm.

Portfolios that include mutual funds and/or ETFs may have a layered fee structure. In addition to the management fees paid to StanCorp

Investment Advisers, Inc., the funds’ expenses are deducted from the value of the mutual funds. We may recommend mutual funds that are

no-load or those having a 12b-1 fee. No load funds have no sales charges included in their expenses, and 12b-1 fees are sales charges that

are incorporated into the expense ratio and, therefore, the price of the fund. In no case does StanCorp Investment Advisers, Inc., receive

compensation from mutual fund companies. If a 12b-1 fee is paid, it is returned to the plan sponsor as a reduction of its Standard

Retirement Services, Inc., asset-based fee. StanCorp Equities, Inc., an affiliated limited broker dealer, does not process transactions.

Clients purchase the investments we recommend through unaffiliated custodians or through the Standard Insurance Company group

annuity contract.

Item 6 - Performance-based Fees

We do not offer performance-based fee schedules.

Item 7 - Types of Clients

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 affiliated companies. We are the investment advisor to

participants in the Mainspring Managed service offered by Standard Retirement Services, Inc., and the Reliance Trust collective trust

portfolios used in that service. We also offer services to endowments and other organizations.

Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss

Retirement plan clients primarily invest in mutual funds, collective trusts and group annuity contracts. Investments are selected and

retained based on their long-term adherence to specific performance and portfolio criteria. Portfolios are constructed based on mean return

and variance analysis.

For endowments and other organizations, we primarily invest in mutual funds but may include stocks, bonds and/or ETFs. These

investments are used to populate allocations that are expected to produce returns and risk consistent with the client’s long-term objectives

and risk tolerance. Mutual funds are selected and retained based on their long-term adherence to specific performance and portfolio

criteria. Our fixed income and equity selections are based on fundamental and quantitative analysis.

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 and ETFs 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, credit and inflation risks. 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.

Item 9 - Disciplinary Information

We have no disciplinary actions to disclose.

Item 10 - Other Financial Industry Activities and Affiliations

We are a subsidiary of StanCorp Financial Group, Inc., which is also the holding company for Standard Insurance Company; The 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. StanCorp Financial Group, Inc. is owned by Meiji Yasuda Life Insurance Company.

Members of our senior management team 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 our firm. Our clients may also be clients of Standard Insurance Company,

Standard Retirement Services, Inc., or StanCorp Mortgage Investors, Inc.

18

810832 (3/08)

Item 11 - Code of Ethics

We have adopted and maintained 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. From time to time, our personnel may purchase the same securities that are recommended to clients. This could

present a potential conflict of interest by encouraging personnel to act on their own behalf before the clients. To overcome this possible

conflict, personnel transactions are monitored to detect inappropriate trading activity.

Item 12 - Brokerage Practices

When applicable, we have 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

endowments and other clients are executed through a custodian platform. The basis for recommendation of the custodian includes

availability of low-cost, high-quality mutual funds offered, transaction costs, and the accuracy and quality of trade execution and overall

client service. We do not execute trades for soft dollar benefits nor do we have directed brokerage arrangements.

Item 13 - 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 various information sources. Mutual funds and ETFs 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 our investment

committee. Clients receive a quarterly performance review comparing investment returns to appropriate benchmarks.

Item 14 - Client Referrals and Other Compensation

We do not pay for referrals. In the past, we participated in the Schwab Advisor Network, a service designed to help investors find an

independent investment advisor. Schwab is a broker dealer independent of and unaffiliated with our firm; does not supervise our activities;

and has no responsibility for our management of client portfolios or our other advice or services. We no longer pay Schwab fees to receive

client referrals through the service nor ongoing fees for past referrals.

In the course of providing investment services, we may refer clients to third-party professionals such as attorneys, CPAs, bookkeepers and

others. Neither our personnel providing the referral, nor the firm, receives any compensation from any party for these referrals. These

recommendations are based on industry information or work related to other clients; however, we have not researched or otherwise

conducted a due diligence review of the referred professional and do not make any representation or warranty of the professional being

referred. We highly recommend you conduct a thorough due diligence review to ensure the referred professional can adequately meet your

needs.

Item 15 - Custody

We are considered to have custody of client assets because in some cases we may deduct our management fee directly from client

accounts. However, we do not physically hold client assets. Our clients’ custodians and brokers provide at least quarterly statements either

electronically or in print. We may also provide quarterly reports. Clients are encouraged to compare balances between the custodian

statements and our quarterly reports, taking into account possible timing differences.

Item 16 - Investment Discretion

We have investment discretion for participants in the Mainspring Managed service through a participant agreement. We also have

discretion for retirement plan clients using the group annuity contract and NAV plans who select discretionary management. 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 select, monitor and remove mutual funds from our retirement plan client accounts based on our fund

selection and monitoring criteria.

Item 17 - Voting client Securities

We vote the proxies for securities on the Standard Insurance Company group annuity contract but do not vote proxies for 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.

Item 18 - Financial Information

We have no financial impairment that would preclude the firm from meeting contractual commitments to clients. We do not require

prepayment of fees of more than $1,200 per client, six months or more in advance; therefore, a balance sheet is not attached.

19

20

21

22

Plan Fiduciary Advisor DisclosureStanCorp Advisers, Inc. and the Standard Stable Asset Fund

This document contains important information about StanCorp Investment Advisers, Inc. (SIA)and how they are compensated for the investment advice provided in connection with your Plan.You should carefully consider this information in your evaluation of that advice and theinvestment alternatives offered in the plan.

SIA will provide investment advisory services to be used by the plan for which this notice isprovided. SIA will be providing these services as a fiduciary under the Employee RetirementIncome Security Act. SIA, therefore, must act prudently and with only the plan’s and the plan’sparticipants’ interest in mind when providing recommendations on the investments to be offered.

Compensation of the Fiduciary Advisor and Related Parties

SIA is compensated for the advice it provides as part of a bundled service arrangement withStandard Retirement Services, Inc., an affiliate of SIA that provides recordkeeping andadministrative services to the plan. SIA receives a flat fee from Standard Retirement Services toprovide investment advisory services that may benefit Standard Retirement Services, Inc.,retirement plan clients. SIA is not compensated on the basis of investment(s) offered by theplan, or those selected by participants.

Two affiliates of SIA may provide services to the plan for which they will be compensated.These affiliates and services are: (1) Standard Retirement Services, Inc., for recordkeeping,administrative and compliance services; and (2) Standard Insurance Company, if the planincludes the Standard Stable Asset Fund as an investment option, for financial servicesprovided as the issuer of the Standard Stable Asset Fund.

Standard Insurance Company is compensated in connection with this product when generalaccount investment returns exceed the interest credited on contract balances. Included in thereturn is a 0.18 percent expense associated with the investment expenses of the product.Additionally, employees of StanCorp Equities, a broker-dealer affiliate of SIA, receive additionalcompensation when the Standard Stable Asset Fund is included in the plan as a result ofrecommendations of SIA. Such employees, who are registered representatives of SIA, do notindividually provide investment advice regarding the Standard Stable Asset Fund. Thisinformation should be reviewed carefully before an investment decision is made.

Consider Impact of Compensation on Advice

The compensation that Standard Insurance Company and representatives of StanCorp Equities, Inc.receive on account of Mainspring Managed assets invested in the Standard Stable Asset Fund may be asignificant source of revenue for them. The impact of any such fees and compensation should becarefully considered in any evaluation of the Mainspring Managed Service. In this regard, you maywithdraw from the Mainspring Managed advisory program and arrange for the provision of advice byanother adviser that has no material affiliation with and receives no compensation in connection with theinvestment funds or products offered under the plan. However, this type of advice is not availablethrough your plan. You would need to independently contract for advisory services for your retirementplan account with an adviser who is unaffiliated with SIA and its affiliates.

Investment Returns

While understanding investment-related fees and expenses is important in making informedinvestment decisions, it is also important to consider additional information about investmentoptions, such as performance, investment strategies and risks. Specific information related tothe past performance and historical rates of return of the investment options available under theplan has been provided in the proposal materials, in the participant enrollment booklet, and isavailable on-line in the Personal Savings Center at http://retirement.standard.com.

1 of 2

23

For options with returns that vary over time, past performance does not guarantee how aninvestment in the option will perform in the future; an investment in these options could losemoney.

Use of Personal Information

Our Privacy Notice is attached to this disclosure. It describes the personal information that we willcollect, describes how it will be used and how we will protect it. A link to the privacy notice is posted oneach page of our website.

Should you have any questions about StanCorp Investment Advisers or the information contained in thisdisclosure, you may contact the Vice President and Managing Director of StanCorp Investment Advisers,Inc., at 1100 SW Sixth Avenue, Portland, Oregon, 97204, or call#800.262.7111.

2 of 224

810832 - F As of November 2, 2016

Special Notice and Plan OverviewEl Rio Santa Cruz Neighborhood Health Ctr.

Retirement PlanThis 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 madeavailable to eligible participants.

Entering the PlanAll 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:

√ For purposes of all Contributions the following are excluded:

√ Non-resident aliens with no US source income

√ For purposes of Matching and Non-Elective Contributions the following are excuded:

√ Leased Employees

√ On-Call Employees

√ Contract Employees

√ Employees who normally work less than 20 hours per week

√ Per-Diem Employees

Entry date is immediate after service requirements, if any, are met.

Participant ContributionsParticipants 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 $18,000 in 2017 (additional $6,000 if age 50 or older) 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.

The following participants will automatically be enrolled in the plan with contributions of 3 percent of compensation:

Newly eligible participants

Existing participants who are not contributing to the plan and have not made an election

Existing participants who are contributing below the auto enrollment percentage

25

810832 - F As of November 2, 2016

Participant Contributions (continued)

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):

If you are an active employee and do not direct how your contributions should be invested, you will automatically

be enrolled in the Mainspring Managed service. Mainspring Managed is an account management service that

offers guidance on how much to save, provides access to a call center staffed with investment advisor

representatives, manages your investments and your accounts in alignment with assumed retirement goals and

delivers statements that show your progress toward these goals.

In the absence of basic personal information, such as birth date and annual compensation, you will not be

automatically enrolled in the Mainspring Managed service. Also, if you terminated employment prior to

automatic enrollment in the Mainspring Managed service, you will not be enrolled in the service. In these

situations, your contributions and existing balance will default as follows:

Investment Default Directive Percent

American Funds Am Bal R6 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. The amount of the match may be

adjusted each year.

26

810832 - F As of November 2, 2016

Employer Contributions (continued)To be eligible for the matching contribution, you must:

• have 12 months of service

• complete 1,000 hours of service during the 12-month period beginning on your date of hire or any plan year beginning

after your date of hire

Entry date for the matching contribution is immediate after service requirements, if any, are met.

For additional information about matching contributions, please see your Summary Plan Description.

You will become vested in - which means you will earn ownership of - the matching contribution according to this schedule:

Years ofService

VestedPercentage

Less than 1 0%

1 25%

2 50%

3 75%

4 or more 100%

We may also make an employer non-elective contribution. When a contribution is made, each eligible employee will receive a

pro-rata share of the contribution based on pay.

To be eligible for the employer non-elective contribution, you must:

• have 12 months of service

• complete 1,000 hours of service during the 12-month period beginning on your date of hire or any plan year beginning

after your date of hire

Entry date for the employer non-elective contribution is immediate after service requirements, if any, are met.

For additional information about employer non-elective contributions, please see your Summary Plan Description.

You will become vested in - which means you will earn ownership of - the employer non-elective contribution according to

this schedule:

Years ofService

VestedPercentage

Less than 3 0%

3 or more 100%

Vesting ServiceEmployees 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.

LoansYou 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.

27

810832 - F As of November 2, 2016

Distributions and WithdrawalsA distribution from your account may be available to you or your beneficiary at:

• normal retirement, which is age 65

• 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 accountsCombining 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.

QuestionsIf you have questions about the plan, please contact Human Resources.

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.

28

810832 - F As of November 2, 2016

ERISA 404(c) Notice and InformationParticipants in The El Rio Santa Cruz Neighborhood Health Ctr. 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 El Rio Santa Cruz Neighborhood Health Ctr. 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

optionsDescriptions 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.

Frequent Trading PolicyYour 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.

29

810832 - F As of November 2, 2016

Fee DisclosureEl Rio Santa Cruz Neighborhood Health Ctr. Retirement Plan

As of November 2, 2016

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.

Please note that during the plan's transition to The Standard, asset based fees will reflect a higher rate than will

actually apply once all assets are received from the prior provider. This is because fees are based on the amount of

assets in the plan, and this information is finalized only after the transition of the plan's assets is complete.

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.

30

810832 - F As of November 2, 2016

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.

Designated Investment Manager: StanCorp Investment Advisers, Inc. is a designated investment manager

with respect to assets held on the Standard’s recordkeeping platform.

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. 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)

0.22% assessed on total plan assets, allocated pro rata

among participant accounts

Eligible Participants with a Balance Annual fee of $20.00 allocated to participant accounts

on a per capita basis

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

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

31

Se

cti

on

Tw

o-

Co

mp

ara

tive

Fe

ea

nd

Pe

rfo

rma

nc

eIn

form

ati

on

Th

isse

ctio

nil

lust

rate

sth

ep

erfo

rman

ceof

inves

tmen

top

tion

san

dsh

ow

sh

ow

thes

eop

tion

sh

ave

per

form

edover

tim

e.In

clu

din

gal

lfu

nd

sin

com

par

ativ

eta

ble

sal

low

syo

uto

com

par

eth

emw

ith

app

rop

riat

eben

chm

ark

sfo

rth

esa

me

tim

ep

erio

ds.

Ifyo

uw

ou

ldli

ke

add

itio

nal

info

rmat

ion

abou

tth

ein

ves

tmen

top

tion

s,yo

uca

ng

oto

the

web

site

bel

ow

.Y

ou

may

also

call

acu

stom

erse

rvic

ere

pre

sen

tati

ve

at8

00

.85

8.5

42

0fo

ra

free

pap

erco

py

of

the

info

rmat

ion

avai

lable

on

the

web

site

.

Th

eta

ble

sbel

ow

show

,fo

rth

eV

aria

ble

Ret

urn

Inves

tmen

ts,

the

Tota

lA

nn

ual

Op

erat

ing

Ex

pen

ses

of

each

op

tion

.T

ota

lA

nn

ual

Op

erat

ing

Ex

pen

ses

are

exp

ense

sth

atre

du

ce

the

rate

of

retu

rnof

the

inves

tmen

top

tion

.F

or

Fix

edR

etu

rnIn

ves

tmen

ts,

the

table

sfo

cus

on

the

per

form

ance

of

the

inves

tmen

top

tion

.T

he

table

sal

sosh

ow

shar

ehold

er-t

ype

fees

,w

hic

har

ein

add

itio

nto

the

Tota

lA

nn

ual

Op

erat

ing

Ex

pen

ses.

You

may

not

be

char

ged

som

eof

thes

esh

areh

old

er-t

ype

fees

,d

epen

din

gon

the

fun

dco

mp

anie

s’p

oli

cies

wit

hre

spec

tto

qu

alif

ied

pla

ns,

and

you

rin

div

idu

alci

rcu

mst

ance

s.In

add

itio

n,

mu

tual

fun

dco

mp

anie

sm

aym

ake

reven

ue

shar

ing

pay

men

ts,

inth

efo

rmof

asse

tbas

edfe

es,

wh

ich

are

coll

ecte

dfo

rth

eben

efit

of

you

rp

lan

.T

hes

ere

ven

ue

shar

ing

pay

men

tsm

aybe

app

lied

tore

du

ceth

efe

esan

dex

pen

ses

asso

ciat

edw

ith

you

rp

lan

(wh

eth

erth

ep

lan

spon

sor

isbil

led

for

the

serv

ices

,or

the

amou

nt

isd

edu

cted

from

pla

nas

sets

)an

d/o

rp

lan

pri

cin

g,

wh

ich

incl

ud

esT

he

Sta

nd

ard

'sfe

es.

An

yre

ven

ue

shar

ing

pay

men

tsm

ay

also

be

allo

cate

dam

on

gp

arti

cip

ants

.T

he

amou

nt

of

reven

ue

shar

ing

pay

men

tsd

iffe

rsam

on

gth

em

utu

alfu

nd

s.In

form

atio

nab

ou

tan

op

tion

’sp

rin

cip

alri

sks

and

reven

ue

shar

ing

asw

ell

asoth

erim

port

ant

info

rmat

ion

isav

aila

ble

inP

erso

nal

Sav

ing

sC

ente

rby

vis

itin

gw

ww

.sta

nd

ard

.com

/ret

irem

ent

and

sele

ctin

gp

erfo

rman

cefr

om

the

top

men

ubar

.

To

hel

pac

hie

ve

lon

g-t

erm

reti

rem

ent

secu

rity

,yo

ush

ou

ldg

ive

care

ful

con

sid

erat

ion

toth

eben

efit

sof

aw

ell-

bal

ance

dan

dd

iver

sifi

edin

ves

tmen

tp

ort

foli

o.

Sp

read

ing

you

r

asse

tsam

on

gd

iffe

ren

tty

pes

of

inves

tmen

tsca

nh

elp

you

ach

ieve

afa

vora

ble

rate

of

retu

rnw

hil

em

inim

izin

gyo

ur

over

all

risk

of

losi

ng

mon

ey.

810832

-F

As

ofN

ove

mber

2,2016

Va

ria

ble

Re

turn

Inve

stm

en

ts

Th

isV

aria

ble

Ret

urn

Inves

tmen

tT

able

focu

ses

on

the

per

form

ance

and

cost

sof

inves

tmen

top

tion

sth

atd

on

ot

hav

ea

fix

edor

stat

edra

teof

retu

rn.

Th

eta

ble

bel

ow

show

s

how

thes

eop

tion

sh

ave

per

form

edover

tim

ean

dal

low

syo

uto

com

par

eth

emw

ith

anap

pro

pri

ate

ben

chm

ark

for

the

sam

eti

me

per

iod

s.P

ast

per

form

ance

does

not

gu

aran

tee

how

the

inves

tmen

top

tion

wil

lp

erfo

rmin

the

futu

re.

You

rin

ves

tmen

tin

thes

eop

tion

sco

uld

lose

mon

ey.

Info

rmat

ion

abou

tth

ep

rin

cip

alri

sks

of

each

op

tion

is

avai

lable

on

the

web

site

.

VA

RIA

BL

ER

ET

UR

NIN

VE

ST

ME

NT

S

Nam

e/

Ty

pe

of

Op

tio

nA

vera

ge

An

nu

alized

To

talR

etu

rnp

rov

ided

as

of

09/3

0/1

6

Ben

ch

mark

Mu

tual

Fu

nd

Exp

en

ses

To

tal

Op

era

tin

gE

xp

en

ses

*Sh

are

ho

lder

Ty

pe

Fees

1yr

.5yr

.10yr

.S

ince

Inception

1yr

.5yr

.10yr

.S

ince

Inception

As

a%

Per

$1,0

00

Bo

nd

Pru

den

tial

Tota

lR

etB

ond

Q/I

nte

rmed

iate

Bond

7.2

7%

5.1

4%

6.3

7%

5.6

4%

5.1

9%

3.0

8%

4.7

9%

3.9

0%

Bar

Cap

US

Agg

Bond

TR

US

D

0.4

3%

0.4

3%

$4

.30

Pru

den

tial

Hig

hY

ield

Q/H

igh

Yie

ldB

ond

11

.51

%8

.20

%7

.12

%7

.22

%1

2.8

2%

8.2

4%

7.5

9%

7.1

2%

ML

US

HY

Mas

ter

IIT

RU

SD

0.4

6%

0.4

6%

$4

.60

32

810832

-F

As

ofN

ove

mber

2,2016

VA

RIA

BL

ER

ET

UR

NIN

VE

ST

ME

NT

S

Nam

e/

Ty

pe

of

Op

tio

nA

vera

ge

An

nu

alized

To

talR

etu

rnp

rov

ided

as

of

09/3

0/1

6

Ben

ch

mark

Mu

tual

Fu

nd

Exp

en

ses

To

tal

Op

era

tin

gE

xp

en

ses

*Sh

are

ho

lder

Ty

pe

Fees

1yr

.5yr

.10yr

.S

ince

Inception

1yr

.5yr

.10yr

.S

ince

Inception

As

a%

Per

$1,0

00

Larg

eC

ap

Van

gu

ard

Equ

ity

Inco

me

Adm

/Lar

ge

Cap

Val

ue

17

.35

%1

5.6

7%

7.7

3%

7.4

4%

16

.20

%1

6.1

5%

5.8

5%

6.6

4%

Ru

ssel

l1

00

0V

alu

eT

R

0.1

7%

0.1

7%

$1

.70

Bla

ckR

ock

S&

P5

00

Index

K/L

arge

Cap

Ble

nd

15

.37

%1

6.2

7%

7.1

5%

8.9

6%

14

.93

%1

6.4

1%

7.4

0%

9.2

7%

Ru

ssel

l1

00

0T

R

0.0

4%

0.0

4%

$0

.40

Van

gu

ard

Tot

Stk

Mk

tId

xA

dm

/Lar

ge

Cap

Ble

nd

14

.98

%1

6.3

3%

7.5

3%

5.6

8%

14

.93

%1

6.4

1%

7.4

0%

5.3

0%

Ru

ssel

l1

00

0T

R

0.0

5%

0.0

5%

$0

.50

MF

SG

row

thR

6/L

arge

Cap

Gro

wth

13

.24

%1

6.2

8%

9.3

2%

15

.20

%1

3.7

6%

16

.60

%8

.85

%1

5.3

3%

Ru

ssel

l1

00

0G

row

thT

R

0.6

2%

0.6

2%

$6

.20

Sm

all/M

idC

ap

Wel

lsF

argo

Spec

MdC

pV

alR

6/M

idC

apV

alu

e1

5.8

4%

18

.78

%8

.79

%1

2.4

9%

17

.26

%1

7.3

8%

7.8

9%

11

.56

%

Ru

ssel

lM

idC

apV

alu

eT

R

0.7

9%

0.7

9%

$7

.90

Van

gu

ard

Mid

Cap

Index

Adm

/Mid

-Cap

Ble

nd

12

.64

%1

6.5

2%

8.2

0%

9.7

0%

14

.25

%1

6.6

7%

8.3

2%

9.8

9%

Ru

ssel

lM

idC

apT

RU

SD

0.0

8%

0.0

8%

$0

.80

Janu

sE

nte

rpri

seN

/Mid

Cap

Gro

wth

17

.25

%1

7.1

7%

10

.17

%1

6.3

4%

11

.24

%1

5.8

5%

8.5

1%

14

.56

%

Ru

ssel

lM

idC

apG

row

thT

R

0.6

7%

0.6

7%

$6

.70

Wel

lsF

argo

Spec

Sm

Cp

Val

I/S

mal

lC

ap2

0.1

8%

17

.41

%7

.38

%1

3.6

8%

18

.81

%1

5.4

5%

5.7

8%

11

.66

%

Ru

ssel

l2

00

0V

alu

eT

R

0.9

5%

0.9

5%

$9

.50

Van

gu

ard

Sm

all

Cap

Index

Adm

/Sm

all

Cap

14

.97

%1

6.7

0%

8.4

2%

8.7

4%

15

.47

%1

5.8

2%

7.0

7%

7.7

1%

Ru

ssel

l2

00

0T

R

0.0

8%

0.0

8%

$0

.80

Janu

sT

rito

nN

/Sm

all

Cap

16

.39

%1

7.1

4%

12

.17

%1

5.0

5%

12

.12

%1

6.1

5%

8.2

9%

14

.18

%

Ru

ssel

l2

00

0G

row

thT

R

0.6

7%

0.6

7%

$6

.70

Inte

rnati

on

alS

tock

Am

eric

anF

unds

New

Prs

pct

R6

/Worl

dS

tock

11

.26

%1

3.3

1%

7.0

6%

13

.05

%1

1.9

6%

10

.63

%4

.34

%1

1.0

1%

MS

CI

AC

Worl

dN

RU

SD

0.4

5%

0.4

5%

$4

.50

MF

SIn

tlD

iver

sifi

cati

on

R4

/Fore

ign

11

.49

%8

.48

%4

.08

%6

.23

%9

.26

%6

.04

%2

.16

%4

.38

%

MS

CI

AC

Worl

dE

xU

SA

NR

US

D

0.9

3%

0.9

3%

$9

.30

33

810832

-F

As

ofN

ove

mber

2,2016

VA

RIA

BL

ER

ET

UR

NIN

VE

ST

ME

NT

S

Nam

e/

Ty

pe

of

Op

tio

nA

vera

ge

An

nu

alized

To

talR

etu

rnp

rov

ided

as

of

09/3

0/1

6

Ben

ch

mark

Mu

tual

Fu

nd

Exp

en

ses

To

tal

Op

era

tin

gE

xp

en

ses

*Sh

are

ho

lder

Ty

pe

Fees

1yr

.5yr

.10yr

.S

ince

Inception

1yr

.5yr

.10yr

.S

ince

Inception

As

a%

Per

$1,0

00

Inves

coD

evel

opin

gM

kts

R6

/Div

ersi

fied

Em

ergin

gM

kts

30

.52

%4

.12

%5

.60

%0

.23

%1

6.7

8%

3.0

3%

3.9

5%

-0.2

2%

MS

CI

EM

NR

US

D

1.0

1%

1.0

1%

$1

0.1

0

Oth

er

Van

gu

ard

Lif

eStr

ateg

yIn

cIn

v/A

lloca

tion--

15

%to

30

%E

qu

ity

7.3

3%

5.2

8%

4.6

1%

6.4

5%

6.9

3%

4.3

3%

4.6

2%

—

Morn

ingst

arC

onse

rvat

ive

Tar

get

Ris

k

0.1

2%

0.1

2%

$1

.20

Van

gu

ard

Lif

eS

trat

Consv

Gr/

All

oca

tion--

30

%to

50

%E

qu

ity

8.8

4%

7.3

5%

4.9

2%

6.9

8%

8.9

2%

6.6

0%

5.2

7%

—

Morn

ingst

arM

oder

atel

yC

ons

Tar

get

Ris

k

0.1

3%

0.1

3%

$1

.30

Am

eric

anF

unds

Am

Bal

R6

/Bal

ance

d1

2.4

2%

12

.48

%7

.06

%1

2.4

8%

10

.69

%8

.57

%5

.75

%9

.42

%

Morn

ingst

arM

oder

ate

Tar

get

Ris

k

0.2

9%

0.2

9%

$2

.90

Van

gu

ard

Lif

eS

trat

egy

Gr/

All

oca

tion--

70

%to

85

%E

qu

ity

11

.57

%1

1.2

4%

5.2

8%

7.8

6%

12

.17

%1

0.4

3%

5.9

1%

—

Morn

ingst

arM

oder

atel

yA

ggr

Tar

get

Ris

k

0.1

5%

0.1

5%

$1

.50

*This

table

show

sth

efe

esel

ecte

dby

the

fund.Y

ou

may

not

be

char

ged

this

full

amou

nt

dep

endin

gon

indiv

idu

alci

rcu

mst

ance

s.

34

810832

-F

As

ofN

ove

mber

2,2016

Fix

ed

Re

turn

Inve

stm

en

ts

Th

isF

ixed

Ret

urn

Inves

tmen

tsT

able

focu

ses

on

the

per

form

ance

and

cost

sof

inves

tmen

top

tion

sth

ath

ave

afi

xed

or

stat

edra

teof

retu

n.

Itsh

ow

sth

ean

nu

alra

teof

retu

rn

of

each

op

tion

,th

ete

rmor

len

gth

of

tim

eth

atyo

uw

ill

earn

this

rate

of

retu

rn,

and

oth

erin

form

atio

nre

levan

tto

per

form

ance

.

FIX

ED

RE

TU

RN

INV

ES

TM

EN

TS

Nam

e/

Ty

pe

of

Op

tio

nR

etu

rnT

erm

Oth

er

Mu

tual

Fu

nd

Exp

en

ses

Sh

are

ho

lder

Ty

pe

Fees

an

dR

estr

icti

on

s

The

Sta

ndar

dS

table

Ass

etA

/Cas

hE

qu

ival

ent

2.2

5%

90

Day

sT

he

rate

of

retu

rnon

09

/30

/16

was

2.2

5%

.T

his

rate

isfi

xed

for

90

day

s,bu

tw

ill

nev

erfa

llbel

ow

agu

aran

teed

min

imu

mra

teof

1.0

%.M

ost

curr

ent

rate

of

retu

rnin

form

atio

nis

avai

lable

on

ww

w.s

tandar

d.c

om

/ret

irem

ent.

0.1

8%

Man

yfi

xed

retu

rnin

ves

tmen

tsin

clu

de

rest

rict

ions

on

wit

hdra

wal

sdep

endin

gu

pon

avar

iety

of

fact

ors

.F

or

any

appli

cable

rest

rict

ions

see

the

info

rmat

ion

pro

vid

edon

this

fund

by

loggin

gin

toP

erso

nal

Sav

ings

Cen

ter

from

ww

w.s

tandar

d.c

om

/ret

irem

ent.

©2

01

6M

orn

ingst

ar,In

c.A

llR

ights

Res

erved

.T

he

info

rmat

ion

conta

ined

her

ein:

(1)

ispro

pri

etar

yto

Morn

ingst

aran

d/o

rit

sco

nte

nt

pro

vid

ers;

(2)

may

not

be

copie

dor

dis

trib

ute

d;

and

(3)

isnot

war

rante

dto

be

accu

rate

,co

mple

teor

tim

ely.N

eith

erM

orn

ingst

arnor

its

conte

nt

pro

vid

ers

are

resp

onsi

ble

for

any

dam

ages

or

loss

esar

isin

gfr

om

any

use

of

this

info

rmat

ion.P

ast

per

form

ance

isno

gu

aran

tee

of

futu

rere

sult

s.

©2

01

6D

ow

Jones

&C

om

pan

y,In

c.

Copyri

ght

Morg

anS

tanle

yC

apit

alIn

tern

atio

nal

,In

c.2

01

6A

llR

ights

Res

erved

.U

npu

bli

shed

.P

RO

PR

IET

AR

YT

OM

OR

GA

NS

TA

NL

EY

CA

PIT

AL

INT

ER

NA

TIO

NA

L,IN

C.

Inpro

vid

ing

this

info

rmat

ion,T

he

Sta

ndar

dm

akes

no

repre

senta

tion

asto

the

com

ple

tenes

san

dac

cura

cyof

the

curr

ent

dis

closu

rem

ater

ials

of

the

issu

erof

des

ignat

edin

ves

tmen

topti

ons

or

info

rmat

ion

repli

cate

dfr

om

such

mat

eria

ls.

Th

ecu

mu

lati

ve

effe

ctof

fees

and

exp

ense

sca

nsu

bst

anti

ally

red

uce

the

gro

wth

of

you

rre

tire

men

tsa

vin

gs.

Vis

itth

eD

epar

tmen

tof

Lab

or'

sw

ebsi

tefo

ran

exam

ple

show

ing

the

lon

g-t

erm

cum

ula

tive

effe

ctof

fees

and

exp

ense

sat

htt

p:/

/ww

w.d

ol.

gov/e

bsa

/pu

bli

cati

on

s/4

01

k_

emp

loye

e.h

tml.

Fee

san

dex

pen

ses

are

on

lyon

eof

man

yfa

ctors

you

shou

ldco

nsi

der

wh

enm

akin

gyo

ur

inves

tmen

td

ecis

ion

.C

on

sid

erat

ion

shou

ldal

sobe

giv

ento

wh

eth

erin

ves

tmen

td

ecis

ion

s,co

mbin

edw

ith

you

roth

erin

ves

tmen

tsh

eld

ou

tsid

eth

ep

lan

,w

ill

hel

pyo

uac

hie

ve

you

rfi

nan

cial

goal

s.

Ifyo

un

eed

add

itio

nal

info

rmat

ion

abou

tyo

ur

inves

tmen

top

tion

s,yo

um

ayca

lla

cust

om

erse

rvic

ere

pre

sen

tati

ve

at8

00

.85

8.5

42

0.

You

may

also

fin

din

form

atio

nby

log

gin

gin

toP

erso

nal

Sav

ing

sC

ente

rfr

om

ww

w.s

tan

dar

d.c

om

/ret

irem

ent.

Ple

ase

vis

itP

erso

nal

Sav

ing

sC

ente

rat

ww

w.s

tan

dar

d.c

om

/ret

irem

ent

for

ag

loss

ary

of

inves

tmen

tte

rms

rele

van

tto

the

inves

tmen

top

tion

su

nd

erth

isp

lan

.

Th

isg

loss

ary

isin

ten

ded

toh

elp

you

bet

ter

un

der

stan

dyo

ur

op

tion

s.

35


How To Read A Fund Fact Sheet

Example: ABC Balanced Fund (ABCBF)

Morningstar Category, Rating, Return And Risk

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 high-risk 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

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”

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.

STN_How_To_Read_FFS.pdf

11.25.2013

36


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

Website: Web address of the fund company managing the investment option

STN_How_To_Read_FFS.pdf

11.25.2013

37

The Standard Stable Asset Fd A Release Date06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryStable Value

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ Above Average LowRated against493 Short-Term Bond funds. An investment's overall Morningstar Rating, based on its risk-adjustedreturn, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.

Investment Objective & StrategyThe Standard’s Stable Asset Fund seeks to provide liquidity and safety of principal, along with a competitive, guaranteed rate of return. The Standard invests the deposits of plan participants as part of its general account assets, which include its fixed income securities portfolio and its commercial mortgage loan portfolio. A participant’s return is determined by a declared interest rate, which is accrued daily and compounded quarterly.

The fixed-income portfolio has an average credit quality of A- (Standard & Poor’s). The percentage of fixed maturity securities below investment grade was 5.4% as of June 30, 2015.

The commercial mortgage loan portfolio is underwritten and serviced by StanCorp Mortgage Investors. The portfolio is composed of small fixed-rate commercial loans which have been rigorously underwritten. As of Jume 30, 2015, the average loan to value ratio of the portfolio was less than 70% and the delinquency rate was 0.16%.

Portfolio AnalysisComposition as of 06-30-16 % Assets

Synthetic GICs 0.0Traditional GICs 0.0Cash 0.0Other 100.0

Morningstar Fixed Income Style Box™ as of 06-30-16High

Med

Low

Ltd Mod Ext

What do Stable Value Funds invest in?Stable value funds tend to invest in high-quality bonds withshort- to intermediate-term maturities. They also purchaseinsurance contracts which aim to provide price stability on aday-to-day basis. The horizontal axis of the Morningstar FixedIncome Style Box™ shows duration, a measure of how thefunds price will change in response to interest-rate changes.Because stable value funds insurance contracts usually preventany fluctuations in the funds prices, these funds are insulatedfrom interest-rate volatility and their duration is effectively zero.

OperationsFund Inception Date 04-01-11Total Fund Assets ($mil) 670.52Portfolio Manager(s) Management TeamManagement Company Standard Insurance CompanyWeb Site www.standard.com

Volatility AnalysisRisk: Below Average

In the past, this investment has shown a relatively small rangeof price fluctuations relative to other investments. Based on thismeasure, currently more than two-thirds of all investmentshave shown higher levels of risk. Consequently, this investmentmay appeal to investors looking for a conservative investmentstrategy.

Prudential Total Return Bond Q PTRQX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryIntermediate-Term Bond

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High HighOut of 953 Intermediate-Term Bond funds. An investment's overall Morningstar Rating, based on its risk-adjustedreturn, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.

Investment Objective & StrategyFrom investment's prospectus

The investment seeks total return. The fund will seek to achieve its objective through a mix of current income and capital appreciation as determined by the fund's investment subadviser. It invests, under normal circumstances, at least 80% of the fund's investable assets in bonds. For purposes of this policy, bonds include all fixed-income securities, other than preferred stock, with a maturity at date of issue of greater than one year. The fund may invest up to 30% of its investable assets in high risk, below investment-grade securities having a rating of not lower than CCC. It may invest up to 30% of its investable assets in foreign debt securities.



Portfolio AnalysisComposition as of 05-31-16 % Net

U.S. Stocks 0.0

Non-U.S. Stocks 0.0

Bonds 94.3

Cash 4.3

Other 1.4..........................................................................................-100 -50 0 50 100 Total 100.0

Morningstar Fixed Income Style Box™ as of 03-31-16

HighM

edLow

Ltd Mod Ext

Avg Eff Duration 6.03Avg Eff Maturity .Avg Wtd Coupon 2.77Avg Wtd Price .

Top 5 Holdings as of 05-31-16 % Assets

US 5 Year Note (CBT) Sept16 22.84US 10 Year Note (CBT) Sept16 12.6990day Euro$ Futr Jun17 12.17Payb Usd 1.55561 12/31/21 6.87Recv Usd 1.55561 12/31/21 6.80

.......................................................................................................Total Number of Stock Holdings 0Total Number of Bond Holdings 1911Annual Turnover Ratio % 114.00Total Fund Assets ($mil) 15,550.02

Credit Analysis: % Bonds as of 03-31-16

AAA 31 BB 12AA 8 B 5A 22 Below B 0BBB 18 Not Rated 4

Risk Measures as of 06-30-16 Port Avg Rel BC Aggr Rel Cat3 Yr Std Dev 3.27 1.23 1.223 Yr Beta 1.15 . 1.293 Yr Alpha 0.59 . -14.75

Operations

Fund Inception Date 12-27-10Portfolio Manager(s) Robert Tipp

Management Company Prudential Investments LLCWeb Site www.prudentialfunds.com

38

Vanguard LifeStrategy Income Inv VASIX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryAllocation--15% to 30% Equity

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ Above Average Below AverageOut of 201 Allocation--15% to 30% Equity 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.


The investment seeks current income and some capital appreciation. The fund invests in other Vanguard mutual funds according to a fixed formula that reflects an allocation of approximately 80% of the fund's assets to bonds and 20% to common stocks. Its indirect bond holdings are a diversified mix of short-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S. dollar (but hedged by Vanguard to minimize foreign currency exposure).




U.S. Stocks 12.0Non-U.S. Stocks 8.0Bonds 76.1Cash 2.7Other 1.1

Morningstar Style Box™ as of 05-31-16(EQ) ; 04-30-16(F-I)Large

Mid

Small

Value Blend Growth

HighM

edLow

Ltd Mod Ext


Vanguard Total Bond Market II Idx Inv 55.84Vanguard Total Intl Bd Idx Investor 23.81Vanguard Total Stock Mkt Idx Inv 12.21Vanguard Total Intl Stock Index Inv 8.11CMT Market Liquidity Rate 0.03

.......................................................................................................Total Number of Holdings 5Annual Turnover Ratio % 14.00Total Fund Assets ($mil) 3,652.34

Morningstar Super Sectors as of 05-31-16 % Fund

h Cyclical 37.76j Sensitive 36.47k Defensive 25.75

Risk Measures as of 06-30-16 Port Avg Rel S&P 500 Rel Cat3 Yr Std Dev 3.14 0.28 0.763 Yr Beta 0.35 . 0.673 Yr Alpha 3.00 . 11.54

Operations

Fund Inception Date 09-30-94Portfolio Manager(s) Management Team

Management Company Vanguard Group IncWeb Site www.vanguard.com

Vanguard LifeStrategy Cnsrv Gr Inv VSCGX Release Date:06-30-2016


Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average AverageOut of 480 Allocation--30% to 50% Equity 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.


The investment seeks current income and low to moderate capital appreciation. The fund invests in other Vanguard mutual funds according to a fixed formula that reflects an allocation of approximately 60% of the fund's assets to bonds and 40% to common stocks. Its indirect bond holdings are a diversified mix of short-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S. dollar (but hedged by Vanguard to minimize foreign currency exposure).





Morningstar Style Box™ as of 05-31-16(EQ) ; 04-30-16(F-I)

LargeM

idSm

all

Value Blend Growth

HighM

edLow

Ltd Mod Ext


Vanguard Total Bond Market II Idx Inv 41.84Vanguard Total Stock Mkt Idx Inv 24.31Vanguard Total Intl Bd Idx Investor 17.78Vanguard Total Intl Stock Index Inv 16.07CMT Market Liquidity Rate 0.00




Risk Measures as of 06-30-16 Port Avg Rel S&P 500 Rel Cat3 Yr Std Dev 4.83 0.43 0.853 Yr Beta 0.67 . 0.873 Yr Alpha 2.08 . -34.67

Operations



39

American Funds American Balanced R6 RLBGX Release Date:06-30-2016


Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High AverageOut of 820 Allocation--50% to 70% Equity 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.


The investment seeks conservation of capital, current income and long-term growth of capital and income. The fund uses a balanced approach to invest in a broad range of securities, including common stocks and investment-grade bonds. It also invests in securities issued and guaranteed by the U.S. government and by federal agencies and instrumentalities. In addition, the fund may invest a portion of its assets in common stocks, most of which have a history of paying dividends, bonds and other securities of issuers domiciled outside the United States.

Volatility AnalysisRisk: Average

In the past, this investment has shown a relatively moderaterange of price fluctuations relative to other investments. Thisinvestment may experience larger or smaller price declines orprice increases depending on market conditions. Some of thisrisk may be offset by owning other investments with differentportfolio makeups or investment strategies.



Morningstar Style Box™ as of 03-31-16(EQ) ; 03-31-16(F-I)Large

Mid

Small

Value Blend Growth

HighM

edLow

Ltd Mod Ext


Microsoft Corp 3.35Philip Morris International Inc 2.52Comcast Corp Class A 2.38Home Depot Inc 2.11Berkshire Hathaway Inc A 2.04





Operations

Fund Inception Date 05-01-09Portfolio Manager(s) John H. Smet

Management Company Capital Research andManagement Company

Web Site www.americanfunds.com

Vanguard LifeStrategy Growth Inv VASGX Release Date:06-30-2016


Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average AverageOut of 380 Allocation--70% to 85% Equity 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.


The investment seeks capital appreciation and some current income. The fund invests in other Vanguard mutual funds according to a fixed formula that reflects an allocation of approximately 80% of the fund's assets to common stocks and 20% to bonds. Its indirect bond holdings are a diversified mix of short-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S. dollar (but hedged by Vanguard to minimize foreign currency exposure).





Morningstar Style Box™ as of 05-31-16(EQ) ; 04-30-16(F-I)

LargeM

idSm

all

Value Blend Growth

HighM

edLow

Ltd Mod Ext


Vanguard Total Stock Mkt Idx Inv 48.67Vanguard Total Intl Stock Index Inv 31.67Vanguard Total Bond Market II Idx Inv 13.85Vanguard Total Intl Bd Idx Investor 5.81CMT Market Liquidity Rate 0.00





Operations



40

Vanguard Equity-Income Adm VEIRX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryLarge Value

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High Below AverageOut of 1169 Large Value funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is aweighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks to provide an above-average level of current income and reasonable long-term capital appreciation. The fund invests mainly in common stocks of mid-size and large companies whose stocks typically pay above-average levels of dividend income and are, in the opinion of the purchasing advisor, undervalued relative to other such stocks. In addition, the advisors generally look for companies that they believe are committed to paying dividends consistently. Under normal circumstances, it will invest at least 80% of its assets in equity securities. The fund uses multiple investment advisors.





Morningstar Equity Style Box™ as of 03-31-16 % Mkt CapLarge

Mid

Small

Value Blend Growth

Giant 64.02........................................................Large 24.36Medium 8.66Small 2.77........................................................Micro 0.19


Microsoft Corp 4.72Johnson & Johnson 3.29General Electric Co 3.13Wells Fargo & Co 2.97JPMorgan Chase & Co 2.86





Operations

Fund Inception Date 08-13-01Portfolio Manager(s) James P. Stetler


Vanguard Total Stock Mkt Idx Adm VTSAX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryLarge Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average AverageOut of 1392 Large Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is aweighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. The fund employs an indexing investment approach designed to track the performance of the CRSP US Total Market Index, which represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small-, and micro-cap stocks regularly traded on the New York Stock Exchange and Nasdaq. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics.





Morningstar Equity Style Box™ as of 05-31-16 % Mkt Cap

LargeM

idSm

all

Value Blend Growth



Apple Inc 2.39Microsoft Corp 1.81Exxon Mobil Corp 1.68Johnson & Johnson 1.41General Electric Co 1.29




Risk Measures as of 06-30-16 Port Avg Rel S&P 500 Rel Cat3 Yr Std Dev 11.44 1.02 0.993 Yr Beta 1.01 . 1.013 Yr Alpha -0.62 . 0.31

Operations

Fund Inception Date 11-13-00Portfolio Manager(s) Gerard C. O’Reilly


41

Vanguard Mid Cap Index Adm VIMAX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryMid-Cap Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average AverageOut of 376 Mid-Cap Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, isa weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


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 advisor 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.






Mid

Small

Value Blend Growth



NVIDIA Corp 0.77Fiserv Inc 0.76Electronic Arts Inc 0.73Equinix Inc 0.72Ross Stores Inc 0.70





Operations

Fund Inception Date 11-12-01Portfolio Manager(s) Donald M. Butler


Janus Enterprise N JDMNX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryMid-Cap Growth

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High LowOut of 650 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.


The investment seeks long-term growth of capital. The fund pursues its investment objective by investing primarily in common stocks selected for their growth potential, and normally invests at least 50% of its equity assets in medium-sized companies. Medium-sized companies are those whose market capitalization falls within the range of companies in the Russell Midcap® Growth Index. Market capitalization is a commonly used measure of the size and value of a company. It may also invest in foreign securities, which may include investments in emerging markets.






LargeM

idSm

all

Value Blend Growth



Crown Castle International Corp 3.04Sensata Technologies Holding N.V. 2.61Verisk Analytics Inc 2.55Lamar Advertising Co Class A 2.52Amdocs Ltd 2.10





Operations

Fund Inception Date 07-12-12Portfolio Manager(s) Brian Demain

Management Company Janus Capital Management LLCWeb Site www.janus.com

42

Vanguard Small Cap Index Adm VSMAX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategorySmall Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average AverageOut of 654 Small Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is aweighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


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 advisor 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.

Volatility AnalysisRisk: Above Average

In the past, this investment has shown a wide range of pricefluctuations relative to other investments. This investment mayexperience significant price increases in favorable markets orundergo large price declines in adverse markets. Some of thisrisk may be offset by owning other investments that followdifferent investment strategies.




Mid

Small

Value Blend Growth



Arthur J. Gallagher & Co 0.31Ingredion Inc 0.30Duke Realty Corp 0.29Waste Connection I 0.29AGL Resources Inc 0.28





Operations

Fund Inception Date 11-13-00Portfolio Manager(s) William A. Coleman


Janus Triton N JGMNX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategorySmall Growth

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High Below AverageOut of 655 Small Growth funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is aweighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks long-term growth of capital. The fund pursues its investment objective by investing primarily in common stocks selected for their growth potential. In pursuing that objective, it invests in equity securities of small- and medium-sized companies. Generally, small- and medium-sized companies have a market capitalization of less than $10 billion. Market capitalization is a commonly used measure of the size and value of a company. The fund may also invest in foreign securities, which may include investments in emerging markets.

Volatility AnalysisRisk: Above Average

In the past, this investment has shown a wide range of pricefluctuations relative to other investments. This investment mayexperience significant price increases in favorable markets orundergo large price declines in adverse markets. Some of thisrisk may be offset by owning other investments that followdifferent investment strategies.




LargeM

idSm

all

Value Blend Growth



Blackbaud Inc 2.66SS&C Technologies Holdings Inc 2.36Broadridge Financial Solutions Inc 2.13Sally Beauty Holdings Inc 1.98Euronet Worldwide Inc 1.92





Operations

Fund Inception Date 05-31-12Portfolio Manager(s) Jonathan D. Coleman

Management Company Janus Capital Management LLCWeb Site www.janus.com

43

American Funds New Perspective R6 RNPGX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryWorld Stock

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ Above Average Below AverageOut of 940 World Stock funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is aweighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


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.






Mid

Small

Value Blend Growth



Novo Nordisk A/S B 5.18Amazon.com Inc 3.98Microsoft Corp 1.97Taiwan Semiconductor Manufacturing Co Ltd 1.68Regeneron Pharmaceuticals Inc 1.60


Morningstar Super World Regions as of 03-31-16 % Fund

Americas 54.05Greater Europe 32.93Greater Asia 13.02


Operations

Fund Inception Date 05-01-09Portfolio Manager(s) Robert W. Lovelace

Management Company Capital Research andManagement Company

Web Site www.americanfunds.com

MFS Intl Diversification R4 MDITX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryForeign Large Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High Below AverageOut of 720 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.


The investment seeks capital appreciation. The fund is designed to provide diversification within the international asset class by investing the majority of its assets in other mutual funds advised by the adviser referred to as underlying funds. The adviser seeks to diversify the fund's investments in terms of market capitalization (by including large, mid, and/or small cap underlying funds), by style (by including both growth and value underlying funds), and by geographic region (by including developed and emerging market underlying funds).






LargeM

idSm

all

Value Blend Growth



MFS Research International R5 29.94MFS International Growth R5 24.98MFS International Value R5 24.94MFS Emerging Markets Equity R5 10.04MFS International New Discovery R5 9.98


Morningstar Super World Regions as of 05-31-16 % Fund

Americas 9.82Greater Europe 56.54Greater Asia 33.64


Operations

Fund Inception Date 04-01-05Portfolio Manager(s) Thomas Melendez

Management Company Massachusetts Financial ServicesCo

Web Site http://www.mfs.com

44

Prudential High-Yield Q PHYQX Release Date:06-30-2016

..........................................................................................................................................................................................................................................................................................................................................Morningstar CategoryHigh Yield Bond

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High AverageOut of 653 High Yield Bond funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, isa weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks to maximize current income; and capital appreciation is a secondary objective. The fund normally invests at least 80% of its investable assets in a diversified portfolio of high yield fixed-income instruments rated Ba or lower by Moody's Investors Service (Moody's) or BB or lower by Standard & Poor's Ratings Group (Standard & Poor's), and instruments either rated by another nationally recognized statistical rating organization (NRSRO), or considered to be of comparable quality, that is, junk bonds.





Morningstar Fixed Income Style Box™ as of 03-31-16High

Med

Low

Ltd Mod Ext

Avg Eff Duration 4.17Avg Eff Maturity .Avg Wtd Coupon 6.74Avg Wtd Price 97.12


Prudential Core Ultra Short Bond 5.23US 5 Year Note (CBT) Sept16 2.442 Year US Treasury Note Future Sept16 1.70US 10 Year Note (CBT) Sept16 1.28Western Digital 144A 10.5% 1.22


Credit Analysis: % Bonds as of 03-31-16

AAA 5 BB 37AA 0 B 41A 0 Below B 13BBB 5 Not Rated 0

Risk Measures as of 06-30-16 Port Avg Rel BC Aggr Rel Cat3 Yr Std Dev 5.47 2.06 0.993 Yr Beta 0.50 . 1.163 Yr Alpha 2.60 . 2.10

Operations

Fund Inception Date 10-31-11Portfolio Manager(s) Michael J. Collins

Management Company Prudential Investments LLCWeb Site www.prudentialfunds.com

45

Fecha de Publicación

30-06-2016..........................................................................................................................................................................................................................................................................................................................................

Grande Crecimiento Superior a la Media Media

De 1483 fondos de Grande Crecimiento.

La inversión trata de obtener la revalorización del capital.

Habitualmente, el fondo invierte en valores de renta variable.

Los valores de renta variable incluyen acciones ordinarias y

otros valores que representen un derecho de titularidad (o

derecho a adquirir un derecho de titularidad) en una empresa

u otro emisor. El asesor centra la inversión de sus activos en

acciones de empresas que considera que cuentan con un

potencial de crecimiento de los beneficios por encima de la

media en comparación con otras empresas (es decir, en

empresas de crecimiento).

Fecha de Creación del

Fondo

26-08-11

Gestor(es) Eric B. Fischman

Gestora Massachusetts Financial Services

Co

Sitio Web http://www.mfs.com

de 31-05-16 % Activos

Acciones US 95,8Acciones no U.S. 1,6Bonos 0,0Efectivo 2,6Otros 0,0

de 31-05-16 % Cap. Bursátil

Grde

Med

Peq

Val Mix Crec

Gigante.........................................................

Grande

Mediano

Pequeño.........................................................

Micro


Facebook Inc A 4,01

Visa Inc Class A 3,95

Alphabet Inc A 3,60

Amazon.com Inc 3,44

MasterCard Inc A 2,79

.......................................................................................................

Número Total de Acciones 90

Número Total de Bonos 0

Ratio de Rotación Anual % 35,00

Patrimonio (mill $) 11.979,10

de 31-05-16 % del Fondo

Cíclico 30,57

Sensible 42,51

Defensivo 26,91

Riesgo: Moderada

En el pasado, esta inversión ha demostrado una gama de

fluctuaciones en los precios relativamente moderada en relación

a otras inversiones. La inversión puede experimentar bajadas y

subidas de precio de mayor o menor inportancia según las

condiciones del mercado. Se puede compensar parte de este

riesgo al poseer otras inversiones con diferentes composiciones

de cartera o estrategias de inversión.

de 30-06-16 MedCartera

Rel S&P 500 TRUSD

Rel Cat

Desv Est 3 Años

Beta 3 Años

Alfa 3 Años

46

47

Fecha de Publicación

30-06-2016..........................................................................................................................................................................................................................................................................................................................................

Pequeño Valor Alta Media

De 372 fondos de Pequeño Valor.

La inversión trata de obtener una revalorización del capital a

largo plazo.

En circunstancias normales, el fondo invierte: al menos el 80%

de su patrimonio neto en valores de renta variable de empresas

de pequeña capitalización. Invierte principalmente en acciones

de empresas de pequeña capitalización, que los gestores

definen como las empresas con capitalizaciones de mercado

dentro del margen del índice Russell 2000® en el momento

de la compra.

Fecha de Creación del

Fondo

30-07-10

Gestor(es) James M. Tringas

Gestora Wells Fargo Funds Management

LLC

Sitio Web https://

www.wellsfargofunds.com/


Acciones US 90,6Acciones no U.S. 2,5Bonos 0,0Efectivo 6,1Otros 0,8

de 31-05-16 % Cap. Bursátil

Grde

Med

Peq

Val Mix Crec

Gigante.........................................................

Grande

Mediano

Pequeño.........................................................

Micro


Wfa Cash Inv Mm Fund Par 3800 05-01-50 6,13

First Citizens BancShares Inc (DE) Class A 2,55

Eagle Materials Inc 2,44

Mueller Industries Inc 2,01

Treehouse Foods Inc 1,81

.......................................................................................................

Número Total de Acciones 107

Número Total de Bonos 0

Ratio de Rotación Anual % 46,00

Patrimonio (mill $) 939,68

de 31-05-16 % del Fondo

Cíclico 50,45

Sensible 32,82

Defensivo 16,71

Riesgo: Alta

En el pasado, esta inversión ha demostrado una amplia gama

de fluctuaciones en los precios en relación a otras inversiones.

Esta inversión puede experimentar aumentos de precios

considerables en mercados favorables o grandes descensos de

precios en mercados adversos. Se puede compensar parte de

este riesgo al poseer otras inversiones que adoptan diferentes

estrategias de inversión.

de 30-06-16 MedCartera

Rel S&P 500 TRUSD

Rel Cat

Desv Est 3 Años

Beta 3 Años

Alfa 3 Años

48

A redemption fee may apply to short-term investments. TheStandard charges fees in addition to those charged by theFund.

Investments are subject to market risks and fluctuate invalue. 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 BYANY FEDERAL GOVERNMENT AGENCY – NOTGUARANTEED BY THE INSTITUTION – MAY GO DOWN INVALUE

Morningstar Rating™

Often simply called the Star Rating, the Morningstar Ratingbrings load-adjustments, performance (returns) and risktogether into one evaluation. To determine a fund’s starrating for a given time period (three, five, or 10 years), thefund's risk-adjusted return is plotted on a bell curve: If thefund 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 2stars (Below Average); and the bottom 10% get only 1 star(Lowest). The Overall Morningstar Rating is a weightedaverage of the available three-, five-, and 10-year ratings.

Morningstar Return

This statistic is a measurement of a fund’s excess return overa risk-free rate (the return of the 90-day Treasury bill), afteradjusting for all applicable loads and sales charges. In eachMorningstar Category, the top 10% of funds earn a HighMorningstar Return, the next 22.5% Above Average, themiddle 35% Average, the next 22.5% Below Average, andthe bottom 10% Low. Morningstar Return is measured for upto three time periods (three-, five-, and 10-years). Theseseparate measures are then weighted and averaged toproduce an overall measure for the fund. Funds with lessthan three years of performance history are not rated.

Morningstar Risk

This statistic evaluates the variations in a fund’s monthlyreturns, with an emphasis on downside variations. In eachMorningstar Category, the 10% of funds with the lowestmeasured 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 ismeasured for up to three time periods (three-, five-, and10-years). These separate measures are then weighted andaveraged to produce an overall measure for the fund. Fundswith less than three years of performance history are notrated.

Risk Measures

R-squared reflects the percentage of a fund’s movementsthat are explained by movements in its benchmark index,

showing the degree of correlation between the fund and thebenchmark.

Beta is a measure of a fund’s sensitivity to marketmovements. A portfolio with a beta greater than 1 is morevolatile than the market, and a portfolio with a beta less than1 is less volatile than the market.

Alpha measures the difference between a fund’s actualreturns and its expected performance, given its level of risk(as measured by beta).

Sharpe ratio uses standard deviation and excess return todetermine reward per unit of risk.

Standard deviation is a statistical measure of the volatility ofthe fund’s returns.

Morningstar Style Box™

The Morningstar Style Box reveals a fund’s investmentstrategy. For equity funds and fixed-income fundsrespectively, the vertical axis shows the marketcapitalization of the stocks owned or the average creditquality of the bonds owned. The horizontal axis showsinvestment style (value, blend, or growth) or interest ratesensitivity as measured by a bond’s duration (short,intermediate or long). Duration is a measure of interest-ratesensitivity-the longer a fund’s duration, the more sensitivethe fund is to shifts in interest rates.

Investment Risk

Foreign Securities Funds/Emerging Markets Funds: Fundsthat invest in foreign securities involve special additionalrisks. These risks include, but are not limited to, currencyrisk, political risk, and risk associated with varyingaccounting standards. Investing in emerging markets mayaccentuate these risks.

Sector Funds: Funds that invest exclusively in one sector orindustry involve additional risks. The lack of industrydiversification subjects the investor to increasedindustry-specific risks.

Non-Diversified Funds: Funds that invest more of their assetsin a single issuer involve additional risks, including shareprice fluctuations, because of the increased concentration ofinvestments.

Small Cap Funds: Funds that invest in stocks of smallcompanies involve additional risks. Smaller companiestypically have a higher risk of failure, and are not as wellestablished as larger blue-chip companies. Historically,smaller-company stocks have experienced a greater degreeof market volatility than the overall market average.

Mid Cap Funds: Funds that invest in companies with marketcapitalizations below $10 billion involve additional risks. Thesecurities of these companies may be more volatile and lessliquid than the securities of larger companies.

High-Yield Bond Funds: Funds that invest in lower-rated debtsecurities (commonly referred to as junk bonds) involveadditional risks because of the lower credit quality of the

securities in the portfolio. The investor should be aware ofthe possible higher level of volatility, and increased risk ofdefault. The investor should also be aware that as interestrates rise, bond prices will fall.

Funds that invest in Derivatives: Funds that invest inderivatives are subject to a number of risks, such as liquidityrisk, interest rate risk, market risk, credit risk, andmanagement risk. A Fund investing in a derivative instrumentcould lose more than the principal amount invested, asstated in the Fund's prospectus.

Real Estate Funds: Real estate investment funds are subjectto risks, such as market forces, that may affect the values oftheir underlying real estate assets.

Important Disclosures

©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 arisingfrom any use of information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com.

NA

Vdis

clo

sure

.pdf

7.1

4.2

011

49


Educational Materials

And Illustrations

Is Roth Right For You?Your plan also offers a Roth contribution option. With Roth contributions, your contributions are made after tax. That means income taxes will be paid at the time you make contributions. However, if tax law requirements are met, you can later withdraw your contributions plus any plan earnings tax free. (Remember that tax-deferred earnings are taxed upon withdrawal.)

Which type of contribution is best for you depends on your personal needs and goals. The charts below can help you weigh some of the factors in making your decision. First, though, you should talk with a tax advisor who can help you look at your specific situation and determine which approach — pre-tax or Roth — is best for you.

10 Years Or More From Retirement: Roth Or Pre-Tax?

Roth Pre-Tax

You are currently in a low tax bracket (10-15%) X

You expect to be in the same or higher tax bracket at retirement X

You can’t afford to reduce your spendable pay now to avoid taxes later X

Less Than 10 Years From Retirement: Roth Or Pre-Tax?

Roth Pre-Tax

You don’t expect to be in the same or higher tax bracket at retirement X

You can afford to reduce your spendable pay now to avoid taxes later X

You can wait at least five years before you need your retirement money X

STN_Roth_Appendix.pdf11.25.2013

50


Automatic Enrollment

The automatic enrollment feature in your plan automatically enrolls eligible employees. If you are automatically enrolled, the payroll deduction contribution amount will be a percentage specified by your employer. See the enclosed Special Notice and Plan Overview or Summary Plan Description for more details.

Can you choose not to be enrolled automatically?

Yes. You may opt out if you don’t want to participate by selecting “no pre-tax amount” option on the Savings Form, signing it and returning the form to your employer.

Can I select a different contribution rate?

Yes. You may choose a different contribution rate at any time online on The Standard’s Personal Savings Center, via phone or on the Savings Form included with this booklet. See below for more information.

What happens to my contributions?

Your contributions are automatically placed in a default investment selected by your employer, unless you choose a different investment option. If you’d like to choose a different investment option, you may do so online using Personal Savings Center or via phone. The first time you visit, follow the steps to create an account.

How does automatic enrollment help me?

In addition to supporting your retirement saving efforts, you’ll benefit from an immediate income tax advantage. Your contributions will not be taxed until you withdraw them.

Since your money isn’t taxed until you withdraw it, you’ll also have the advantage of tax-deferred growth of your retirement savings account.

How do I make changes to my account?

If you would like to manage your retirement plan online or by phone, you can call 800.858.5420 or visit www.standard.com/retirement.

To access the Personal Savings Center, click “Log In to Personal Savings Center” and enter your user name and password.


STN_Auto_Enroll_Appendix.pdf

05.23.2014

51


How Much Do You Need To Save?

Maybe you feel like every dollar you earn is already spoken for and you just can’t afford to put anything aside. However, even investing a small amount of your pay can make a big difference at retirement. Use this worksheet to calculate what you may need to keep you on target to meet your goals.

Your monthly retirement goal Example

a. Current monthly pay (before taxes and deductions) $4,000

b. Pay increase factor (enter number from table 1) x 2.09

c. Monthlypayatretirement(multiply line a by line b) $8,360

d. Percentage of pay needed at retirement (for example, 70%, 80% or 90%) x 80%

e. Monthlyretirementgoal(multiply line c by line d) $6,688

Your retirement income sources

f. Current value of all retirement accounts $75,000

g. Monthlyincomefactor(enter number from table 2 on next page) x .0221

h. Monthlyincomeatretirement(multiply line f by line g) $1,658

i. MonthlyincomefromSocialSecurity(see table 3 on next page) $3,260

j. Total expected monthly income at retirement (add lines h and i) $4,918

If this number is less than line e, you are short of your goal.

Amount you need to save

k. Subtract line j from line e $1,771

l. Monthlysavingsfactor(enter number from table 4 on next page) x .215

m. Monthlysavingsamountneededtomeetretirementgoal $381 (multiply line k by line l)

You

If line m is zero or negative, congratulations! You’re on your way to being ready for retirement. If line m is positive, don’t be discouraged. By joining your plan, you can start moving closer to your savings goal.

Your Current Age

25 30 35 40 45 50 55 60

3.26 2.81 2.43 2.09 1.81 1.56 1.34 1.16

Table 1 — Pay Increase Factor

Resultsassumeretirementatage65,3percentannualpayincreaseand3percentinflationinretirement.Mortalitybased on 2013 Table for Distributions Subject to §417(e)(3) as published in IRS Notice 2008-85. Expected returns

in retirement vary based on pre-retirement returns. For 3 percent pre-retirement returns, post-retirement returns

are 3 percent. For 6 percent and 9 percent pre-retirement returns, post-retirement returns are 5 percent.

If you are a plan participant, you can access an interactive, online retirement calculator at www.standard.com/retirement. Be sure to have your user ID and password available.

This information is not intended to represent the return of any specific investment. There is no guarantee that these

results will be achieved or sustained. Actual results will vary.


ST

N_N

ee

d_

to_S

ave_S

SI.pdf

2011

10.1

7.

52


Your Current Age

25 30 35 40 45 50 55 60

.0136 .0117 .0101 .0087 .0075 .0065 .0056 .0048

.0530 .0396 .0296 .0221 .0165 .0124 .0092 .0069

.1619 .1052 .0684 .0444 .0289 .0188 .0122 .0079

Table 2 — Monthly Income From Retirement Account

Annual Investment

Return

3%

6%

9%

Table 3 — Monthly Income From Social Security

Your Current Age

25 30 35 40 45 50 55 60

$2,972 $2,525 $2,141 $1,812 $1,531 $1,292 $1,158 $988

3,748 3,190 2,709 2,295 1,940 1,637 1,468 1,254

4,524 3,854 3,276 2,777 2,350 1,983 1,778 1,519

5,300 4,519 3,843 3,260 2,758 2,329 2,089 1,784

6,076 5,184 4,410 3,743 3,168 2,674 2,399 2,049

6,853 5,841 4,943 4,177 3,526 2,973 2,664 2,273

7,256 6,152 5,209 4,403 3,718 3,135 2,810 2,397

7,620 6,464 5,475 4,630 3,910 3,297 2,955 2,521

7,984 6,775 5,740 4,856 4,101 3,458 3,100 2,639

Current Annual

Pay

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

Your Current Age

25 30 35 40 45 50 55 60

.156 .207 .280 .389 .564 .872 1.517 3.516

.067 .097 .142 .215 .337 .563 1.057 2.639

.033 .053 .086 .143 .245 .447 .911 2.458

Table 4 — Monthly Savings Needed to Fund Monthly

Retirement Income Shortage

Annual Investment

Return

3%

6%

9%

Based on 2011 calculation date and limits, 3 percent annual inflation and 3.5 percent annual wage increase. For

an estimate of your Social Security benefits, you can use this table or contact the Social Security Administration at

800.772.1213 or www.ssa.gov for a Personal Earnings and Benefit Estimate Statement.


ST

N_N

ee

d_

to_S

ave_S

SI.pdf

10.1

7.2

011

53


Understanding Risk

Now that you have a better idea of what you’ll need to save, look at the

investment options offered by your retirement plan. When it comes to

investing your money, a little understanding can go a long way. The more you

know about different types of investments — as well as the risks involved —

the more you will be empowered to make better choices. Investments can

usually be described in three ways:

Cash Equivalents

Bonds

Stocks

Risk — the chance you could lose money — is a simple fact of investing.

But riskier investments sometimes have a greater potential for growth. The

reason for this is simple: An investor choosing between two investments

generally would not choose the riskier of the two unless it offered a chance

of earning a higher return. To attract investors, riskier investments generally

provide more growth potential. The graph below shows where different

investments fall on the risk/return scale.

Of the three basic investment groups, stocks offer the highest potential

investment returns — and the most risk to principal (the amount invested).

Bonds offer moderate potential return and less risk of principal loss

than stocks. Cash equivalent investments offer low risk and returns that

historically have been at, or slightly above, infl ation. Losing money with cash

equivalents is unlikely. However, your returns may not be high enough to

stay ahead of infl ation. In effect, the returns you earn may be just enough to

maintain your purchasing power as prices rise.

Diversifi cation Helps You Manage Risk

Diversifi cation is the process of spreading your money among different

investments. Most mutual funds are automatically diversifi ed. Let’s say

you invest your money in a stock fund. That fund may hold stock in many

individual companies. Even if a few of those companies do poorly, those

losses may be offset by the stocks that perform better than expected. But

be aware that diversifi cation does not guarantee a profi t or protect against

a loss in a declining market.

Potential Risk

Po

ten

tia

l R

etu

rn

Stocks

Bonds

Cash Equivalents


10.1

7.2

011

ST

N_

Un

de

rsta

ndin

g_R

isk.p

df

54

0

100K

200K

300K

400K

500K

600K

20 30 40 50

Potential growth of a hypothetical $100 monthly retirement plan contribution

$530,970

$230,917

$95,736

$34,835

This example is hypothetical and for illustrative purposes only and is not indicative of the performance of any

specifi c investment. Investments are subject to market risk and fl uctuate in value. Past performance is no

guarantee of future results. This illustration assumes a gross annual growth rate of 8 percent, compounded

monthly and assumes contributions are made at the beginning of each month.

As this chart illustrates, it pays to start earlier rather than later when it comes to saving.

Time Is On Your Side

Pote

ntia

l bala

nce a

t age 6

5

Start saving at age


10.1

7.2

011

ST

N_T

ime

_on_your_

Sid

e_C

hart

.pdf

Time Can Help Smooth Out Risk

Stocks have historically been much riskier

than investments like bonds or cash

equivalents. But as you can see from the

chart to the right, stocks have historically

outperformed other types of investments

over time.

■ Stocks (S&P 500 Index)

■ Bonds (BarCap U.S. Aggregate Bond Index)

■ Cash Equivalents (3-Month T-Bill Index)

■ Inflation (Consumer Price Index)

1980 1990 2000

$21,190

$12,980

$4,821$2,645

2010

Different Investments, Different Returns (Dec. 1980 – Dec. 2010)

The index performance shown is for illustrative purposes only and is not indicative of the performance of any

specifi c investment. Illustration assumes $1,000 invested in each category in December 1980 and held through

December 2010. S&P 500 Index: A market capitalization-weighted index of 500 widely held stocks. Investing in

stocks carries more risk than investing in bonds or cash equivalents. BarCap U.S. Aggregate Bond Index: An

index that covers the U.S. investment-grade, fi xed-rate bond market, with index components for government and

corporate securities, mortgage pass-through securities and asset-backed securities. Bonds are subject to certain

risks including interest-rate risk, credit risk and infl ation risk. Investing in bonds carries more risk than investing in

cash equivalents. 3-Month T-Bill Index: An index based on the results of auctions the U.S. Treasury holds for its

Treasury bills, which are short-term government securities. Consumer Price Index: A measure of the average

price of consumer goods and services purchased by households. Past performance is no guarantee of future

results. Investments are subject to market risk and fl uctuate in value. An investment cannot be made directly in an

index. Sources: Morningstar Direct, Legg Mason.

55


Glossary

Asset Allocation: The allocation of investments among options that have different investment objectives and that invest in different segments of the fi nancial markets to distribute the risk to your savings.

Asset Class: Types of investments such as stocks, bonds and cash equivalents.

Automatic Rebalancer: An optional service that will periodically transfer assets in your account so the allocation of assets remains aligned with your current investment directives.

Balanced Fund: A fund investing in stocks, bonds and cash equivalent securities.

Benefi ciary: A person designated by you, or by the terms of your plan, who is or may be eligible for benefi ts under the plan if you die.

Cash Equivalents: Assets that are very liquid, highly stable (do not have a lot of volatility) and have a great degree of principal protection.

Compound Returns: Earnings that occur when returns remain in an account and begin to earn their own return.

Diversifi cation: Investing in different companies in various industries or in several different types of investment vehicles to spread risk.

Eligibility: Requirements that defi ne who may participate in the plan and when participation may begin. Consult your Summary Plan Description or the plan overview in this booklet for the specifi c requirements that apply to your plan.

ERISA: The Employee Retirement Income Security Act of 1974 is the federal law that protects employees’ interest in employee benefi t plans.

Expense Ratio: A mutual fund’s expenses for operation and management of the fund during a year, expressed as a percentage of the fund’s total assets.

Growth Fund: A mutual fund that invests primarily in stocks of companies that the fund manager expects to have earnings that grow faster than the rest of the market.

Index (Stock or Bond): A benchmark for measuring market activity. Investment indices are created by taking a sample of those investments that you are trying to compare. Different indices measure different types and sizes of investments.

Investment Objective: The stated goals of the fund manager for a particular investment option.

Investment Options: The choices available to you for the investment of your retirement plan contributions.

Large Cap: Companies whose market capitalization typically exceeds $10 billion.

Lifecycle Fund: Lifecycle funds and target date funds share the risks associated with the types of securities held by each of the underlying funds in which they invest. The principal value of target date funds and lifecycle funds is not guaranteed at any time, including at the target date. Their objectives and investment strategies change over time, generally becoming more conservative as the investor nears retirement. The target date is the approximate date when investors may begin withdrawing from the fund.


10.1

7.2

011

STN_Glossary.pdf

56


Market Capitalization: A measure of how large a company is, market capitalization is calculated by multiplying the market price per share times the total number of shares outstanding.

Mid Cap: Companies whose market capitalization typically falls in the range of $1 billion to $10 billion.

Net Asset Value: The closing price of a mutual fund as of a specifi c date.

Principal: The amount you invest in a plan, as distinguished from interest or profi t.

Prospectus: Printed material that provides full disclosure of pertinent information about an investment option.

Real Estate Fund: A fund that invests in securities related to real estate, such as real estate investment trusts and stocks of companies in the real estate business. Real estate investment funds are subject to risk, such as market forces, that may affect the values of their underlying real estate assets.

Return: The increase or decrease in the value of an investment due to investment performance.

Risk: The chance that the value of an investment could decline in the marketplace.

Rollover: Transfer of a distribution from a retirement plan to another plan or IRA without payment of taxes.

S&P 500: A composite index of 500 stocks compiled by Standard & Poor’s Corporation that is used as a broad measure of stock market performance.

Securities: Assets such as stocks, bonds, etc., that allow you to participate in earnings and the distribution of property or other assets of the corporation issuing the security.

Small Cap: Companies whose market capitalization is typically less than $1 billion. Small-company investing involves specifi c risks not necessarily encountered in large-company investing, such as increased volatility.

Stocks: Also known as equities, stocks represent shares of ownership in corporations and their value will fl uctuate with market conditions. Future returns may or may not be enough to overcome possible annual declines. Depending on the circumstances, there may be tax consequences associated with the sale or purchase of stocks.

Summary Plan Description: A written description of your plan in an easy-to-read form, including a statement of eligibility, employee rights and appeal procedures.

Target-Date Fund: See “Lifecycle Fund” entry.

Value Fund: A mutual fund investing primarily in stocks of companies that the fund manager thinks are currently undervalued in price and expects eventually to see their worth recognized by the market.

Vesting: Your degree of ownership of retirement benefi ts or contributions made on your behalf. Benefi ts or contributions that are vested belong to you even if you leave your current employment. Benefi ts may be partially or fullyvested, depending on your plan’s provisions. Employee contributions are always fully vested. Employer contributions may be vested immediately, after a specifi ed length of time or gradually over a number of years.

Volatility: The tendency of an investment to experience price swings (ups and downs) in a short period of time.


10.1

7.2

011

STN_Glossary.pdf

57

EL RIO SANTA CRUZ NEIGHBORHOOD HEALTH CENTER, INC. RETIREMENT PLAN

SUMMARY PLAN DESCRIPTION

58

EL RIO SANTA CRUZ NEIGHBORHOOD HEALTH CENTER, INC. RETIREMENT PLAN

SUMMARY PLAN DESCRIPTION

INTRODUCTION TO YOUR PLAN

El Rio Santa Cruz Neighborhood Health Center, Inc. Retirement Plan ("Plan") has been adopted to provide you with the opportunity to save for retirement on a tax-advantaged basis and to provide additional income for retirement. This Plan is a type of retirement plan commonly referred to as a 403(b) plan or TSA (Tax Sheltered Annuity). This Summary Plan Description ("SPD") contains valuable information regarding when you may become eligible to participate in the Plan, your Plan benefits, your distribution options, and many other features of the Plan. You should take the time to read this Summary to get a better understanding of your rights and obligations under the Plan.

We have attempted to answer most of the questions you may have regarding your benefits in the Plan. If this Summary does not answer all of your questions, please contact the Administrator. The name and address of the Administrator can be found in the Article of this Summary entitled "General Information About The Plan."

This Summary describes the Plan's benefits and obligations as contained in the legal Plan document, which governs the operation of the Plan. The Plan document is written in much more technical and precise language. If the non-technical language under this Summary and the technical, legal language of the Plan document conflict, the Plan document always governs. If you wish to receive a copy of the legal Plan document, please contact the Administrator.

This Summary describes the current provisions of the Plan. The Plan is subject to federal laws, such as ERISA (the Employee Retirement Income Security Act), the Internal Revenue Code and other federal and state laws which may affect your rights. The provisions of the Plan are subject to revision due to a change in laws or due to pronouncements by the Internal Revenue Service (IRS) or Department of Labor (DOL). The Employer may also amend or terminate this Plan. The Administrator will notify you if the provisions of the Plan that are described in this Summary change. Terms of investment products you select may also affect the Plan. This Summary does not address the provisions of specific investment products.

ARTICLE I PARTICIPATION IN THE PLAN

Am I eligible to participate in the Plan?

Provided you are an eligible employee, you are eligible to participate in the Plan once you satisfy the Plan's eligibility conditions described in the next question. The following describes the eligibility requirements and Entry Dates that apply. You should contact the Administrator if you have questions about the timing of your Plan participation.

If you are a member of a class of employees identified below, you are not an eligible employee for all Plan purposes. The employees who are excluded are:

certain nonresident aliens who have no earned income from sources within the United States.

59

In addition to those excluded for all purposes, if you are a member of a class of employees identified below, you are not an eligible employee for purposes of eligibility to participate in the Plan's matching contributions. The employees who are excluded are:

employees who normally work less than 20 hours per week.

In addition to those excluded for all purposes, if you are a member of a class of employees identified below, you are not an eligible employee for purposes of eligibility to participate in the Plan for nonelective contributions. The employees who are excluded are:

employees who normally work less than 20 hours per week.

The following applies with regard to exclusions: leased Employees, on-call Employees, Contract Employees and Per Diem Employees are excluded for purposes of Matching and Non-elective contributions. When am I eligible to participate in the Plan?

Provided you are an eligible employee, you will be able to make elective deferrals beginning on your date of hire or as soon as administratively feasible.

Provided you are an eligible employee, you will be eligible to participate in Employer contributions on your date of hire. You will actually enter the Plan once you reach the entry date as described in the next question.

Provided you are an eligible employee, you will be eligible to participate in Employer contributions once you satisfy the applicable service requirement. You will actually enter the Plan once you reach the entry date as described in the next question.

You will have met the service requirement for matching contributions when you complete one year of service.

You will have met the service requirement for nonelective contributions when you complete one year of service.

You will have completed a year of service if, at the end of your first twelve consecutive months of employment with us, you have been credited with at least 1,000 hour(s) of service. If you have not been credited with 1,000 hour(s) of service by the end of your first twelve consecutive months of employment, you will have completed a year of service once you complete the required hour(s) of service during any Plan year, beginning with the Plan year that includes the first anniversary of your employment date. When is my entry date?

Provided you are an eligible employee, you will be able to make elective deferrals beginning on your date of hire or as soon as administratively feasible.

The following applies with regard to entry dates: first day of the payroll period coincident with or next following the completion of the eligibility requirements.

60

What happens if I'm a participant, terminate employment and then I'm rehired?

If the Employer rehires you following your prior termination of employment, you may begin to make elective deferrals immediately upon your rehire unless you are an excluded employee. If you leave the Employer to enter qualified military service and the Employer rehires you under the Uniformed Services Employment and Reemployment Rights Act of 1994 ("USERRA"), you will have the right to make-up the elective deferrals which you could have made while engaged in qualified military service. If you think this may apply to you, ask the Administrator for more information.

ARTICLE II CONTRIBUTIONS

What kind of contributions may I make to the Plan and how do my contributions affect my taxes?

As a participant under the Plan, you may elect to reduce your compensation by a specific percentage or dollar amount and have that amount contributed to the Plan. The Plan refers to this as an "elective deferral." There are two types of elective deferrals, pre-tax deferrals and Roth deferrals. For purposes of this Summary "deferrals" or "elective deferrals" generally means both pre-tax deferrals and Roth deferrals.

If you make pre-tax deferrals, your taxable income is reduced by the deferral contributions so

you pay less in federal income taxes. Later, when the Plan distributes the deferrals and earnings, you will pay the taxes on those deferrals and the earnings. Federal income taxes on the pre-tax deferral contributions and on the earnings are only postponed.

If you elect to make Roth deferrals, the deferrals are subject to federal income taxes in the year of deferral. However, the Roth deferrals and, if you meet certain conditions, the earnings on the Roth deferrals are not subject to federal income taxes when distributed to you. This means that the earnings on the Roth deferrals may never be subject to Federal income tax. See "What are my tax consequences when I receive a distribution from the Plan?"

Both your pre-tax and Roth deferrals will be subject to Social Security taxes at the time of your

deferral.

The Employer may make additional contributions to the Plan on your behalf. This Article describes these employer contributions and how these monies will be allocated to your account to provide for your retirement benefit. How much may I contribute to the Plan?

Your total elective deferrals in any calendar year may not exceed a certain dollar limit which is set by law ("elective deferral limit"). The elective deferral limit for 2016 is $18,000. After 2016, the elective deferral limit may increase for cost-of-living adjustments. You may also defer more than the elective deferral limit if you are eligible to make "catch-up deferrals" as described below.

If you are age 50 or will attain age 50 before the end of a calendar year, you may make additional deferrals (called "age 50 catch-up deferrals") for that year and following years. If you meet the age 50 requirement and exceed the elective deferral limit described above, then any excess will be an age 50 catch-up deferral. The maximum catch-up deferral that you can make in 2016 is $6,000. After 2016, the maximum age 50 catch-up deferral limit may increase for cost-of-living adjustments. Any age 50 catch-up deferrals that you make will be taken into account in determining any Employer matching contribution made to the Plan.

61

You should also be aware that the annual elective deferral limit is an aggregate limit which applies to all deferrals you may make under this Plan and any other 403(b) plans, simplified employee pensions, SIMPLE IRAs, or 401(k) plans in which you may be participating, including those of another employer. Generally, if your total deferrals under all of these arrangements for a calendar year exceed the annual elective deferral limit, then you must include the excess deferrals in your income for the year. If you make excess deferrals you should request in writing that the excess deferrals be returned to you. If you fail to request such a return, you may be taxed a second time when the excess deferral is ultimately distributed from the Plan.

You must decide which plan you would like to have return the amount of any excess deferral. If

you decide that this Plan should distribute the excess, you should communicate this in writing to the Administrator no later than the March 1st following the close of the calendar year in which you made the excess deferrals. However, if you contribute excess deferrals to this Plan or any other plan maintained by the Employer, then you will be deemed to have notified the Administrator of the excess. The Administrator will then return the excess deferrals and any earnings thereon to you by April 15 of the year following the calendar year in which you made the excess deferrals. How do I make an election to defer?

You must enter into a salary reduction agreement, which the Administrator will provide to you. The salary reduction agreement will explain the various rules, including any minimum or maximum amount which you may defer. The salary reduction agreement will explain the conditions for changing your deferral election or stopping deferrals altogether. Does the Plan provide for automatic deferrals?

Yes. As described below, the Employer will automatically withhold 3% of your compensation each payroll period and contribute that amount to the Plan as a pre-tax elective deferral. You may enter a salary reduction agreement at any time to select an alternative deferral amount or to elect not to defer in the Plan. If you have any questions concerning the application of this automatic contribution provision, please contact the Administrator.

The automatic deferrals are effective as of January 1, 2012. The automatic deferrals will apply to all participants who, as of that date, are not deferring at least the automatic deferral percentage. Am I vested in my elective deferrals and earnings?

You will always be 100% vested in your elective deferrals and in the earnings on your deferrals. The Administrator will account for these amounts separately from any other amounts in your Plan account. When you become entitled to a distribution from the Plan, you will always be entitled to all amounts held in your elective deferral account. This account will be affected by the Plan investments. See "How is the money in the Plan invested?" below. Will the Employer contribute to the Plan?

Each year, in addition to depositing your elective deferrals, the Employer may contribute matching and nonelective contributions. What is the Employer matching contribution?

A matching contribution is a contribution the Employer makes based on your elective deferrals. If you do not make any elective deferrals, you will not receive any matching contributions.

62

The Employer may make a discretionary matching contribution equal to a uniform percentage or dollar amount of your elective deferrals. If the Employer decides in any year to contribute a discretionary match, it will decide how much to contribute and the matching rate which will apply to your elective deferrals.

If you make elective deferrals, you will always share in the Employer's matching contribution for that Plan year, regardless of the amount of service you complete during the Plan year. What is the Employer nonelective contribution?

A nonelective contribution is a contribution the Employer makes to the Plan which is unrelated to whether you make any elective deferrals in that year. In any or all Plan years, the Employer may make a discretionary nonelective contribution. Your share of that contribution is determined below. How will the Employer nonelective contribution be allocated to my account?

Your share of any discretionary nonelective contribution is determined by the following fraction:

Nonelective Contribution X Your Compensation Total Compensation of All Participants Eligible to Share

For example: Suppose the nonelective contribution for the Plan year is $20,000 is available under this formula. Employee A's compensation for the Plan year is $25,000. The total compensation of all participants eligible to share, including Employee A, is $250,000. Employee A's share will be:

$20,000 X $25,000 or $2,000 $250,000

As a Participant employed during the Plan year, you will always share in the Employer's

nonelective contribution for that Plan year regardless of the amount of service you complete during the Plan year. What compensation is used to determine my Plan benefits?

For the purposes of determining your allocation of all contributions to the Plan, compensation has a special and highly technical meaning. The Plan generally defines compensation as the total amounts paid to the employee for services rendered to the Employer, although some items may be excluded. Salary deferrals to this Plan and to any other plan or arrangement (such as a cafeteria plan) will be included. In computing compensation, the Plan does not consider certain items, as described below: The Plan does not take into account certain fringe benefits for any purpose. The Plan does not take into account compensation paid while you weren't a participant for purposes

of the following:

Matching contributions

Nonelective contributions

63

car allowances, gift cards, group term life insurance, the domestic partner benefit and the split life insurance taxation

Is there a limit on the amount of compensation that can be considered?

For Plan years beginning on and after January 1, 2016, the amount of annual compensation that may be taken into consideration for Plan purposes is $265,000. This amount may be adjusted after 2016 for cost-of-living increases. Is there a limit on how much can be contributed to my account each year?

Generally, the law imposes a maximum limit on the amount of contributions, including elective deferrals, (excluding age 50 catch-up contributions) that may be made to your accounts and any other amounts allocated to any of your accounts during the Plan year (such as forfeitures), excluding earnings. Beginning in 2016, this total cannot exceed the lesser of $53,000 or 100% of your includible compensation. The dollar limit may be adjusted after 2016 for cost-of-living increases. May I make "rollover" contributions to the Plan?

At the discretion of the Administrator, you may be permitted to deposit into the Plan distributions you have received from other plans and certain IRAs, provided such distributions are legally qualified to be rolled over into this Plan. Such a deposit is called a "rollover" and may result in tax savings to you. You may ask your prior plan administrator or trustee to directly transfer (a "direct rollover") to this Plan all or a portion of any amount that you are entitled to receive as a distribution from a prior plan. Alternatively, you may elect to deposit any amount eligible for rollover within 60 days of your receipt of the distribution. You should consult a qualified tax advisor to determine if a rollover to this Plan is in your best interest.

Your rollover will be placed in a separate account called a "rollover account." You will always be 100% vested in your rollover account. This means that you will always be entitled to all of your rollover contributions. Rollover contributions will be affected by any investment gains or losses. In addition, any Roth deferrals that are accepted as rollovers in this Plan shall be accounted for separately. How is the money in the Plan invested?

The Plan assets may be invested only in mutual funds or in annuity contracts issued by an insurance company. See the Administrator for further details regarding permissible investments.

You will be able to direct the investment of your Plan account, including your elective deferrals. The Administrator will provide you with information on the investment choices available to you, the frequency with which you can change your investment choices and other information. Periodically, you will receive a benefit statement that provides information on your account balance and your investment returns. If you have any questions about the investment of your Plan accounts, please contact the Administrator. If you do not direct the investment of your Plan account, then your account will be invested in accordance with the default investment alternatives the Employer establishes under the Plan.

The Plan is intended to comply with Section 404(c) of ERISA (the Employee Retirement Income Security Act). If the Plan complies with this Section, then the fiduciaries of the Plan, including the Employer and the Administrator, will be relieved of any legal liability for any losses which are the direct and necessary result of the investment directions that you give. You must follow procedures in giving investment directions. If you fail to do so, then your investment directions need not be followed. You are not required to direct investments. If you do not direct the investment of your applicable Plan accounts,

64

then your accounts will be invested in accordance with the default investment alternatives as established under the Plan.

When you direct investments, your account is segregated for purposes of determining the earnings or losses on these investments. Your account does not share in the investment performance for other participants who have directed their own investments.

You should remember that the amount of your benefits under the Plan will depend in part upon your choice of investments. Gains as well as losses can occur. The Employer and the Administrator will not provide investment advice or guarantee the performance of any investment you choose.

ARTICLE III DISTRIBUTIONS

Will I receive a distribution of my account if I terminate employment with the Employer?

If you terminate employment for any reason and at any age (including retirement), and the value of your vested benefit does not exceed $5,000, including any rollover contributions, then a distribution will automatically be paid to you even if you do not consent. Any distribution under this paragraph will be paid to you in a lump-sum distribution within a year after you terminate employment.

If your vested benefit exceeds $5,000, then you will be entitled to a distribution in a reasonable time after you terminate employment. (See the question in the Article entitled "How will my benefits be paid?" for a further explanation of how benefits are paid from the Plan.) Military Service. If you are a veteran and are reemployed under the Uniformed Services Employment and Reemployment Rights Act of 1994, your qualified military service may be considered service with the Employer. There may also be benefits for employees who die or become disabled while on active duty. Employees who receive wage continuation payments while in the military may benefit from various changes in the law. If you think you may be affected by these rules, ask the Plan Administrator for further details. What is the Plan's "normal retirement age"?

You will attain your normal retirement age when you reach age 65. Normal retirement age does not control when you may receive distributions under the Plan.

If your employment terminates for reasons other than death, disability, or attainment of normal retirement age, you will be entitled to receive only your "vested percentage" of your account balance. What is my vested interest in my account?

You are always 100% vested (which means that you are entitled to all of the amounts) in your account attributable to the following:

elective deferrals including Roth elective deferrals and catch-up contributions

rollover contributions

Vesting schedules. Your "vested percentage" for certain Employer contributions is based on vesting Years of Service. This means at the time you stop working, your account balance attributable to contributions subject to a vesting schedule is multiplied by your vested percentage. The result, when added to the amounts that are always 100% vested as shown above, is your vested interest in the Plan,

65

which is what you will actually receive from the Plan. You will always, however, be 100% vested if you are employed on or after your Normal Retirement Age or if you terminate employment on account of your death or if you terminate employment as a result of becoming disabled.

Your "vested percentage" in your account attributable to matching contributions is determined under the following schedule.

Vesting Schedule Matching Contributions

Years of Service Percentage

Less than 1 0% 1 25% 2 50% 3 75% 4 100%

Your "vested percentage" in your account attributable to nonelective contributions is determined

under the following schedule.

Vesting Schedule Nonelective Contributions

Years of Service Percentage

Less than 3 0% 3 100%

How does the Plan determine my Years of Service for vesting purposes?

To earn a year of service, you must be credited with at least 1,000 hours of service during a Plan year. (See the Article entitled "General Information About the Plan" for more information on receiving credit for hours of service.) The Plan contains specific rules for crediting hours of service for vesting purposes. The Administrator will track your service and will credit you with a year of service for each Plan year in which you are credited with the required hours of service, in accordance with the terms of the Plan. If you have any questions regarding your vesting service, you should contact the Administrator. As a veteran, will my military service count as service with the Employer?

If you are a veteran and are reemployed under the Uniformed Services Employment and Reemployment Rights Act of 1994, your qualified military service may be considered service with the Employer. There may also be benefits for employees who die or become disabled while on active duty. Employees who receive wage continuation payments while in the military may benefit from various changes in the law. If you may be affected by this law, ask your Administrator for further details. How will my benefits be paid?

You may elect to receive your distribution under one of the methods described below:

a single lump-sum payment in cash or, in certain circumstances, in property.

partial distributions with a minimum of $1,000.

66

Your investment product may provide you with additional distribution options. May I elect to roll over my account to another plan or IRA?

If you are entitled to a distribution of more than $200, then you may elect whether to receive the distribution or to roll over the distribution to another retirement plan such as an individual retirement account ("IRA"). For this purpose, your Roth deferral account is treated separately.

If your vested interest in the Plan including rollover contributions exceeds $1,000 and does not exceed $5,000 and you do not elect either to receive or to roll over the distribution, then under certain circumstances your distribution must be rolled over to an IRA ("automatic rollover"). The IRA provider will invest the automatic rollover funds in a type of investment designed to preserve principal and provide a reasonable rate of return and liquidity (e.g., an interest-bearing account, a certificate of deposit or a money market fund). The IRA provider will charge your account for any expenses associated with the establishment and maintenance of the IRA and with the IRA investments. You may transfer the IRA funds to any other IRA you choose. If this applies to you, you will be provided with details regarding your distribution rights and the automatic rollover IRA at the time you are entitled to a distribution. However, you may contact the Plan Administrator at the address indicated in this Summary for further information regarding the Plan's automatic rollover provisions, the IRA provider, and the fees and expenses associated with the IRA. May I receive a loan from the Plan?

You may be able to borrow from your Plan account unless your investment product provides otherwise. There are many complex rules affecting Plan loans and the Administrator can provide more information about Plan loans, if any are available.

ARTICLE IV DISABILITY BENEFITS

How is disability defined?

Under the Plan, disability means the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or to be of long-continued and indefinite duration. An investment product may use a different definition. You may be required to submit to a physical examination to determine whether you are disabled. If you terminate employment because you become disabled, the Plan will distribute your account balance in the same manner as for any other non-death related termination.

ARTICLE V DEATH BENEFITS

What happens if I die while working for the Employer?

If you die while still employed by the Employer, your entire account balance will be used to provide your beneficiary with a death benefit. Who is the beneficiary of my death benefit?

If you are married at the time of your death, your spouse will be the beneficiary of the entire death benefit unless an election is made to change the beneficiary. IF YOU WISH TO DESIGNATE A BENEFICIARY OTHER THAN YOUR SPOUSE, YOUR SPOUSE MUST IRREVOCABLY CONSENT

67

TO WAIVE ANY RIGHT TO THE DEATH BENEFIT. YOUR SPOUSE'S CONSENT MUST BE IN WRITING, BE WITNESSED BY A NOTARY OR A PLAN REPRESENTATIVE, AND ACKNOWLEDGE THE SPECIFIC NONSPOUSE BENEFICIARY.

If you are married, you have named someone other than your spouse to be your beneficiary as described in the preceding paragraph, and wish to again change your beneficiary designation, your spouse must again consent to the change, unless you are changing your designation to name your spouse as your beneficiary. In addition, you may elect a beneficiary other than your spouse without your spouse's consent if your spouse cannot be located.

If you are not married, you may designate your beneficiary on a form to be supplied to you by the Plan.

If no valid designation of beneficiary exists, or if the beneficiary is not alive when you die, then the death benefit will be paid in the following order, unless the investment provider's documentation says otherwise:

(a) Your surviving spouse;

(b) Your children, including adopted children, and if a child dies before you, to their children, if any;

(c) Your surviving parents, in equal shares; or

(d) Your estate.

How will the death benefit be paid to my beneficiary?

The death benefit will be paid to your beneficiary. The beneficiary may choose among the then available distribution options unless you elected the death benefit distribution method prior to your death. When must the last payment be made to my beneficiary?

If your designated beneficiary is a person (other than your estate or most trusts) then minimum distributions of your death benefit must generally begin within one year of your death and must be paid over a period not extending beyond your beneficiary's life expectancy. If your spouse is the beneficiary, the start of payments may be delayed until the year in which you would have attained age 70 1/2. Generally, if you die before you are required to begin minimum distributions (which for most people is shortly after the later of age 70 1/2 or retirement) and your beneficiary is not a person, then your entire death benefit must be paid within five years after your death. Some investment products may allow a person to use this five-year rule. See the Plan Administrator for further details.

Since your spouse has certain rights in the death benefit, you should immediately report any change in your marital status to the Administrator. What happens if I'm a participant, terminate employment, and die before receiving all my benefits?

If you terminate employment with us and subsequently die, your beneficiary will be entitled to the vested percentage of your remaining account balance at the time of your death.

68

ARTICLE VI IN-SERVICE DISTRIBUTIONS

Can I withdraw money from my account while working for the Employer?

You may receive a distribution from the Plan prior to your termination of employment if you satisfy certain conditions. These conditions are described below. However, this distribution will reduce the value of the benefits you will receive when you retire. Any in-service distribution is made at your election and will be made in accordance with the forms of distribution available under the investment product you have selected or under the Plan.

You may request an in-service distribution from the following account(s) and based on the following event(s). Some individual investment products may provide for additional in-service distribution options. Please see your Administrator for details:

The following accounts once you reach age 59 1/2:

elective deferrals

upon attainment of Normal Retirement Age with respect to distributions from all Accounts.

You may withdraw your rollover contributions, if any, at any time prior to severance.

The following conditions apply to in-service distributions:

You must be fully vested to receive the distribution

You may only request one in-service distribution during a Plan year unless an individual investment option permits more frequent in-service distributions.

You may request a hardship distribution as described below. However, individual investment products may have their own rules relating to hardship distributions which would govern your situation. If you have questions, ask your Administrator for more details. What is a hardship distribution?

A hardship distribution may be made to satisfy certain immediate and heavy financial needs that you have. You can receive a hardship distribution from elective deferrals. Generally, a hardship distribution may only be made for payment of the following:

Expenses for medical care (described in Section 213(d) of the Internal Revenue Code) previously incurred by you, your spouse or your dependent or necessary for you, your spouse or your dependent to obtain medical care;

Costs directly related to the purchase of your principal residence (excluding mortgage

payments);

Tuition, related educational fees, and room and board expenses for the next twelve (12) months of post-secondary education for yourself, your spouse or dependent;

Amounts necessary to prevent your eviction from your principal residence or foreclosure on

the mortgage of your principal residence;

69

Payments for burial or funeral expenses for your deceased parent, spouse, children or other dependents; or

Expenses for the repair of damage to your principal residence that would qualify for the

casualty deduction under the Internal Revenue Code.

Federal, state, or local income taxes or penalties reasonably anticipated to result from a hardship distribution.

A hardship distribution can only be made if there is an immediate or heavy financial need. The

Plan must determine, based on all relevant facts and circumstances, whether you have other resources available to satisfy the financial need. For this purpose, your resources will generally include property which is owned by your spouse or minor children. You may be asked to certify and provide other documentation as may be necessary to show that the need cannot be met by one of the following alternatives:

(a) Through reimbursement or compensation by insurance or otherwise;

(b) By selling or otherwise liquidating your assets in a reasonable manner, but only if doing so would not itself increase the amount of the need;

(c) By stopping your elective deferrals to the Plan;

(d) By borrowing money from a bank or other commercial lender on terms that would be considered commercially reasonable, but only if doing so would not itself increase the amount of the need; or

(e) By electing to receive a distribution or loan from the Plan or any other qualified retirement plan in which you are or were a participant, but only if doing so would not itself increase the amount of the need.

Any hardship distribution from elective deferrals will be limited, as of the date of distribution, to

your total elective deferrals to date reduced by the amount of any previous distributions made to you from your elective deferral account. Ask the Administrator if you need further details.

ARTICLE VII TAX TREATMENT OF DISTRIBUTIONS

What are my tax consequences when I receive a distribution from the Plan?

Generally, you must include any Plan distribution in your taxable income in the year in which you receive the distribution. The tax treatment may also depend on your age when you receive the distribution.

If you receive distribution of a Roth deferral, since you paid current federal income tax on the deferral contribution in the year of deferral, the deferrals are not subject to federal income taxes when distributed to you. The earnings on Roth deferrals are also tax free upon distribution if you receive a "qualified distribution" from your Roth deferral account.

In order to be a "qualified distribution," the distribution must occur after one of the following:

(1) your attainment of age 59 1/2, (2) your disability, or (3) your death. In addition, the distribution must occur after the expiration of a 5-year participation period. The 5-year participation period is the 5-year period beginning on the calendar year in which you first make a Roth contribution to the Plan (or to

70

another 401(k) plan or 403(b) plan if such amount was rolled over into the Plan) and ending on the last day of the calendar year that is 5 years later. It is not necessary that you make a Roth contribution in each of the five years.

If a distribution from your Roth deferral account is not a qualified distribution, the earnings

distributed with the Roth deferrals will be taxable to you at the time of distribution (unless you roll over the distribution to a Roth IRA or other 401(k) plan or 403(b) plan that will accept the rollover). In addition, in some cases, there may be a 10% excise tax on the earnings that are distributed. Can I reduce or defer tax on my distribution?

You may reduce, or defer entirely, the tax due on your distribution through use of one of the following methods:

(a) The rollover of all or a portion of the distribution you actually receive to a traditional Individual Retirement Account (IRA) or another eligible employer plan. This will result in no tax being due until you begin withdrawing funds from the traditional IRA or other eligible employer plan. The rollover of the distribution, however, MUST be made within strict time frames (normally, within 60 days after you receive your distribution). Under certain circumstances all or a portion of a distribution (such as a hardship distribution) may not qualify for this rollover treatment. In addition, most distributions will be subject to mandatory federal income tax withholding at a rate of 20%. This will reduce the amount you actually receive. For this reason, if you wish to roll over all or a portion of your distribution amount, the direct rollover option described in paragraph (b) below would be the better choice.

(b) For most distributions, you may request that a "direct rollover" of all or a portion of the distribution to either a traditional Individual Retirement Account (IRA) or another qualified employer plan willing to accept the rollover. A direct rollover will result in no tax being due until you withdraw funds from the traditional IRA or other qualified employer plan. Like the 60-day rollover, under certain circumstances all or a portion of the amount to be distributed may not qualify for this direct rollover, e.g., a distribution of less than $200 will not be eligible for a direct rollover. If you elect to actually receive the distribution rather than request a direct rollover, then in most cases 20% of the distribution amount will be withheld for federal income tax purposes.

WHENEVER YOU RECEIVE A DISTRIBUTION THAT IS AN ELIGIBLE ROLLOVER

DISTRIBUTION, THE ADMINISTRATOR WILL DELIVER TO YOU A MORE DETAILED EXPLANATION OF THESE OPTIONS. HOWEVER, THE RULES WHICH DETERMINE WHETHER YOU QUALIFY FOR FAVORABLE TAX TREATMENT ARE VERY COMPLEX. YOU SHOULD CONSULT WITH A QUALIFIED TAX ADVISOR BEFORE MAKING A CHOICE.

ARTICLE VIII PROTECTED BENEFITS AND CLAIMS PROCEDURES

Is my benefit protected?

As a general rule, your interest in your account may not be alienated. This means your interest may not be sold, used as collateral for a loan, given away or otherwise transferred. In addition, in general, your creditors may not attach, garnish or otherwise interfere with your account. However, creditor protection of Plan assets is a complex subject and may be affected by bankruptcy and other laws. If you want specific information about possible protection of your Plan account from creditors, you should consult a qualified advisor.

71

Are there any exceptions to the general rule?

Apart from possible access by creditors described above, there are two exceptions to the general rule. The Administrator must honor a "qualified domestic relations order." A "qualified domestic relations order" is defined as a decree or order issued by a court that obligates you to pay child support or alimony, or otherwise allocates a portion of your assets in the Plan to your spouse, former spouse, child or other dependent. If a qualified domestic relations order is received by the Administrator, all or a portion of your benefits may be used to satisfy the obligation. The Administrator will determine the validity of any domestic relations order received. You and your beneficiaries can obtain from the Administrator, without charge, a copy of the procedure used by the Administrator to determine whether a qualified domestic relations order is valid.

The second exception applies if you are involved with the Plan's administration. If you are found liable for any action that adversely affects the Plan, the Administrator can offset your benefits by the amount you are ordered or required by a court to pay the Plan. All or a portion of your benefits will be used to satisfy any such obligation to the Plan. Can the Plan be amended?

Yes. The Employer may amend the Plan at any time. In no event, however, will any amendment authorize or permit any part of the Plan assets to be used for purposes other than the exclusive benefit of participants or their beneficiaries. Additionally, no amendment will cause any reduction in the amount credited to your account. What happens if the Plan is discontinued or terminated?

The Employer may terminate the Plan at any time. Upon termination, no more contributions may be made to the Plan. The Administrator will notify you of any modification or termination of the Plan. How do I submit a claim for Plan benefits?

You or your beneficiaries may make a request for any Plan benefits to which you believe you are entitled. Any such request should be in writing and should be made to the Administrator or investment provider. An investment provider may have specific forms for this purpose.

If the Administrator determines the claim is valid, then you will receive a statement describing the amount of benefit, the method or methods of payment, the timing of distributions and other information relevant to the payment of the benefit. What if my benefits are denied?

Your request for Plan benefits will be considered a claim for Plan benefits, and it will be subject to a full and fair review. If your claim is wholly or partially denied, the Administrator will provide you with a written or electronic notification of the Plan's adverse determination. This written or electronic notification must be provided to you within a reasonable period of time, but not later than 90 days after the receipt of your claim by the Administrator, unless the Administrator determines that special circumstances require an extension of time for processing your claim. If the Administrator determines that an extension of time for processing is required, written notice of the extension will be furnished to you prior to the termination of the initial 90-day period. In no event will such extension exceed a period of 90 days from the end of such initial period. The extension notice will indicate the special circumstances requiring an extension of time and the date by which the Plan expects to render the benefit determination.

72

In the case of a claim for disability benefits, if disability is determined by a physician chosen by the Administrator (rather than relying upon a determination of disability for Social Security purposes), then instead of the above, the Administrator will provide you with written or electronic notification of the Plan's adverse benefit determination within a reasonable period of time, but not later than 45 days after receipt of the claim by the Plan. This period may be extended by the Plan for up to 30 days, provided that the Administrator both determines that such an extension is necessary due to matters beyond the control of the Plan and notifies you, prior to the expiration of the initial 45-day period, of the circumstances requiring the extension of time and the date by which the Plan expects to render a decision. If, prior to the end of the first 30-day extension period the Administrator determines that, due to matters beyond the control of the Plan, a decision cannot be rendered within that extension period, the period for making the determination may be extended for up to an additional 30 days, provided that the Administrator notifies you, prior to the expiration of the first 30-day extension period, of the circumstances requiring the extension and the date as of which the Plan expects to render a decision. In the case of any such extension, the notice of extension will specifically explain the standards on which entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim, and the additional information needed to resolve those issues, and you will be afforded at least 45 days within which to provide the specified information.

The Administrator's written or electronic notification of any adverse benefit determination must contain the following information:

(a) The specific reason or reasons for the adverse determination.

(b) Reference to the specific Plan provisions on which the determination is based.

(c) A description of any additional material or information necessary for you to perfect the claim and an explanation of why such material or information is necessary.

(d) Appropriate information as to the steps to be taken if you or your beneficiary want to submit your claim for review.

(e) In the case of disability benefits where the disability is determined by a physician chosen by the Administrator:

(i) If an internal rule, guideline, protocol, or other similar criterion was relied upon in

making the adverse determination, either the specific rule, guideline, protocol, or other similar criterion; or a statement that such rule, guideline, protocol, or other similar criterion was relied upon in making the adverse determination and that a copy of the rule, guideline, protocol, or other similar criterion will be provided to you free of charge upon request.

(ii) If the adverse benefit determination is based on a medical necessity or

experimental treatment or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to your medical circumstances, or a statement that such explanation will be provided to you free of charge upon request.

If your claim has been denied and you want to submit your claim for review, you must follow the

Claims Review Procedure below.

73

What is the Claims Review Procedure?

Upon the denial of your claim for benefits, you may file your claim for review, in writing, with the Administrator.

(a) YOU MUST FILE THE CLAIM FOR REVIEW NO LATER THAN 60 DAYS AFTER YOU HAVE RECEIVED WRITTEN NOTIFICATION OF THE DENIAL OF YOUR CLAIM FOR BENEFITS.

HOWEVER, IF YOUR CLAIM IS FOR DISABILITY BENEFITS AND DISABILITY IS

DETERMINED BY A PHYSICIAN CHOSEN BY THE ADMINISTRATOR, THEN INSTEAD OF THE ABOVE, YOU MUST FILE THE CLAIM FOR REVIEW NO LATER THAN 180 DAYS FOLLOWING RECEIPT OF NOTIFICATION OF AN ADVERSE BENEFIT DETERMINATION.

(b) You may submit written comments, documents, records, and other information relating to your claim for benefits.

(c) You may review all pertinent documents relating to the denial of your claim and submit any issues and comments, in writing, to the Administrator.

(d) You will be provided, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to your claim for benefits.

(e) Your claim for review must be given a full and fair review. This review will take into account all comments, documents, records, and other information submitted by you relating to your claim, without regard to whether such information was submitted or considered in the initial benefit determination.

In addition to the Claims Review Procedure above, if your claim is for disability benefits and

disability is determined by a physician chosen by the Administrator, then the Claims Review Procedure provides that:

(a) Your claim will be reviewed without deference to the initial adverse benefit determination and the review will be conducted by an appropriate named fiduciary of the Plan who is neither the individual who made the adverse benefit determination that is the subject of the appeal, nor the subordinate of such individual.

(b) In deciding an appeal of any adverse benefit determination that is based in whole or part on medical judgment, the appropriate named fiduciary will consult with a health care professional who has appropriate training and experience in the field of medicine involved in the medical judgment.

(c) Any medical or vocational experts whose advice was obtained on behalf of the Plan in connection with your adverse benefit determination will be identified, without regard to whether the advice was relied upon in making the benefit determination.

(d) The health care professional engaged for purposes of a consultation in (b) above will be an individual who is neither an individual who was consulted in connection with the adverse benefit determination that is the subject of the appeal, nor the subordinate of any such individual.

The Administrator will provide you with written or electronic notification of the Plan's benefit

determination on review. The Administrator must provide you with notification of this denial within 60 days after the Administrator's receipt of your written claim for review, unless the Administrator

74

determines that special circumstances require an extension of time for processing your claim. If the Administrator determines that an extension of time for processing is required, written notice of the extension will be furnished to you prior to the termination of the initial 60-day period. In no event will such extension exceed a period of 60 days from the end of the initial period. The extension notice will indicate the special circumstances requiring an extension of time and the date by which the Plan expects to render the determination on review. However, if the claim relates to disability benefits and disability is determined by a physician chosen by the Administrator, then 45 days will apply instead of 60 days in the preceding sentences. In the case of an adverse benefit determination, the notification will set forth:

(a) The specific reason or reasons for the adverse determination.

(b) Reference to the specific Plan provisions on which the benefit determination is based.

(c) A statement that you are entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to your claim for benefits.

(d) In the case of disability benefits where disability is determined by a physician chosen by the Administrator:

(i) If an internal rule, guideline, protocol, or other similar criterion was relied upon in

making the adverse determination, either the specific rule, guideline, protocol, or other similar criterion; or a statement that such rule, guideline, protocol, or other similar criterion was relied upon in making the adverse determination and that a copy of the rule, guideline, protocol, or other similar criterion will be provided to you free of charge upon request.

(ii) If the adverse benefit determination is based on a medical necessity or

experimental treatment or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to your medical circumstances, or a statement that such explanation will be provided to you free of charge upon request.

If you have a claim for benefits that is denied or ignored, in whole or in part, you may file suit in

a state or federal court. However, in order to do so, you must file the suit no later than 180 days after the Administrator makes a final determination to deny your claim. What are my rights as a Plan participant?

As a participant in the Plan you are entitled to certain rights and protections under ERISA. ERISA provides that all Plan participants are entitled to:

(a) Examine, without charge, at the Administrator's office and at other specified locations, all documents governing the Plan, including insurance contracts and collective bargaining agreements; and a copy of the latest annual report (Form 5500 Series) filed by the Plan with the U.S. Department of Labor and available at the Public Disclosure Room of the Employee Benefits Security Administration.

(b) Obtain, upon written request to the Administrator, copies of documents governing the operation of the Plan, including insurance contracts and collective bargaining agreements, and copies of the latest annual report (Form 5500 Series) and an updated SPD. The Administrator may make a reasonable charge for copies.

75

(c) Receive a summary of the Plan's annual financial report. The Administrator is required by law to furnish each participant with a copy of this summary annual report.

In addition to creating rights for Plan participants, ERISA imposes duties upon the people who

are responsible for the operation of the Plan. The people who operate your Plan, called "fiduciaries" of the Plan, have a duty to do so prudently and in the interest of you and other Plan participants and beneficiaries. No one, including your Employer or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a pension benefit or exercising your rights under ERISA.

If your claim for a pension benefit is denied or ignored, in whole or in part, you have a right to know why this was done, to obtain copies of documents relating to the decision without charge, and to appeal any denial, all within certain time schedules.

Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request a copy of Plan documents or the latest annual report from the Plan and do not receive them within 30 days, you may file suit in a federal court. In such a case, the court may require the Administrator to provide the materials and pay you up to $110.00 a day until you receive the materials, unless the materials were not sent because of reasons beyond the control of the Administrator.

If you have a claim for benefits that is denied or ignored, in whole or in part, you may file suit in a state or federal court. In addition, if you disagree with the Plan's decision or lack thereof concerning the qualified status of a domestic relations order or a medical child support order, you may file suit in federal court. You and your beneficiaries can obtain, without charge, a copy of the qualified domestic relations order procedures from the Administrator.

If it should happen that the Plan's fiduciaries misuse the Plan's money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in a federal court. The court will decide who should pay court costs and legal fees. If you are successful, the court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees if, for example, it finds your claim is frivolous. What can I do if I have questions or my rights are violated?

If you have any questions about the Plan, you should contact the Administrator. If you have any questions about this statement, or about your rights under ERISA, or if you need assistance in obtaining documents from the Administrator, you should contact the nearest office of the Employee Benefits Security Administration, U.S. Department of Labor, listed in the telephone directory or the Division of Technical Assistance and Inquiries, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the publications hotline of the Employee Benefits Security Administration.

ARTICLE IX GENERAL INFORMATION ABOUT THE PLAN

There is certain general information that you may need to know about the Plan. This information

has been summarized for you in this Article. General Plan Information

The full name of the Plan is El Rio Santa Cruz Neighborhood Health Center, Inc. Retirement Plan. It has plan number 002.

76

This Plan was originally effective on January 1, 1990. The amended and restated provisions of

the Plan become effective on November 1, 2016.

The Plan's records are maintained on a twelve-month period of time. This is known as the "Plan year." The Plan year begins on January 1 and ends on December 31.

Valuations of the Plan are generally made daily.

The Plan will be governed by the laws of Arizona to the extent not governed by federal law.

Benefits provided by the Plan are NOT insured by the Pension Benefit Guaranty Corporation (PBGC).

The Plan permits the payment of Plan expenses to be made from the Plan assets. If the Employer does not pay these expenses, then the expenses paid using the Plan's assets will generally be allocated among the accounts of all participants in the Plan. These expenses will be allocated either proportionately based on the value of the account balances or as an equal dollar amount based on the number of participants in the Plan. The method of allocating the expenses depends on the nature of the expense itself. For example, certain administrative (or recordkeeping) expenses would typically be allocated equally to each participant. If the Plan pays $1,000 in expenses and there are 100 participants, your account balance would be charged $10 ($1,000/100) of the expense. What is an "hour of service" under the Plan?

An hour of service is:

(a) each hour for which you are directly or indirectly compensated by the Employer for the performance of duties during the Plan year;

(b) each hour for which you are directly or indirectly compensated by the Employer for reasons other than the performance of duties (such as vacation, holidays, sickness, disability, lay-off, military duty, jury duty or leave of absence during the Plan year); and

(c) each hour for back pay awarded or agreed to by the Employer.

You will not be credited for the same hours of service both under (a) or (b), as the case may be,

and under (c). How are hours of service credited?

However, in certain cases, the Plan does not credit you with your actual hours of service. Instead the Plan uses an "equivalency" method. Under this method you will be credited with a certain number of hours of service based on the Plan specified method. The methods available, and the hours of service required to be credited, are as follows:

Method Hours of Service Required to be Credited Daily 10 hours of service for each day in which you would

otherwise be credited with one hour of service Weekly 45 hours of service for each week in which you would

otherwise be credited with one hour of service

77

Semi-monthly period 95 Hours of service for each semi-monthly period in which you would otherwise be credited with one hour of service

Monthly 190 hours of service for each month in which you would

otherwise be credited with one hour of service

The Plan uses the weekly method. Employer Information

The Plan sponsor's name, address, identification number and business telephone number are:

El Rio Santa Cruz Neighborhood Health Center, Inc. dba El Rio Health Center 839 W. Congress St. Tucson, Arizona 85745 86-0285857 520.309.2219

The Plan allows other employers to adopt its provisions. You or your beneficiaries may examine

or obtain a complete list of employers, if any, who have adopted the Plan by making a written request to the Administrator.

Other employers who have adopted the provisions of the Plan are:

Pima Community Access Program El Rio Foundation

Administrator Information

The Plan's Administrator is responsible for the day-to-day administration and operation of the Plan. For example, the Administrator maintains the Plan records, including your account information, provides you with the forms you need to complete for Plan participation and directs the payment of your account at the appropriate time. The Administrator will also allow you to review the formal Plan document and certain other materials related to the Plan. If you have any questions about the Plan and your participation, you should contact the Administrator. The Administrator may designate other parties to perform some duties of the Administrator, and some duties are the responsibility of the investment provider(s) to the Plan.

The Administrator has the complete power, in its sole discretion, to determine all questions arising in connection with the administration, interpretation, and application of the Plan (and any related documents and underlying policies). Any such determination by the Administrator is conclusive and binding upon all persons.

The name, address and business telephone number of the Plan's Administrator are:

El Rio Santa Cruz Neighborhood Health Center, Inc. dba El Rio Health Center 839 W. Congress St. Tucson, Arizona 85745 86-0285857 520.309.2219

78

Service of Legal Process

Service of legal process may be made upon your Employer. Service of legal process may also be made upon the Employer's chief executive officer, any Trustee or the Administrator.

79

80 00001001_E_000001_ABC123

00001001000001

Employers and plan 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, wholesales a group annuity

contract issued by Standard Insurance Company and a mutual fund trust platform

for retirement plans. 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

00001001000001

PHONE

800.858.5420

between 5 a.m. and 5 p.m. Paciic time, 8 a.m and 8 p.m. Eastern

WEBSITE

www.standard.com/retirement

MC-ENG-FENR

El Rio Health Center

Joann Bent

839 W. Congress St.

Tucson, AZ 85745


1100 SW Sixth Avenue

Portland, OR 97204

800.858.5420

www.standard.com/retirement

810832 (11/30/2016)

00001001_E_000001_ABC123

Date post:	30-Jun-2020
Category:	Documents
Upload:	others
View:	0 times
Download:	0 times

Get Real With Your Retirement• The plan you set in motion today can help you reach your retirement...

Documents