Important Marathon Petroleum Thrift Plan...

Important Marathon Petroleum Thrift Plan Changes!Several changes are being made to the Thrift Plan on January 1, 2016, a summary of which

can be found on pages 1–2 of this newsletter. Further details about these changes, including

a new formula for calculating the Company matching contribution and several investment

option changes, are also included so you can consider if you wish to take any action.

i | www.netbenefits.com/marathonpetroleum

Your Guide to the Coming Marathon Petroleum Thrift Plan Changes For More Information .......................................... i

Overview of Marathon Petroleum Thrift Plan Changes ...................................................... 1

New Thrift Plan Feature Details ........................... 3

How Do I Enroll in the Thrift Plan, and When Will My Enrollment Be Effective? .............................. 3

Student Workers: Eligible for the Thrift Plan ............. 3

New Company Matching Contribution Formula ....................................................................... 4

How Do I Change My Contribution Amount? .......... 5

Vesting for New and Prior Contributions .................. 6

Safe Harbor Plan ......................................................... 6

Make Sure You Have a Current Beneficiary Designation ................................................................. 6

Thrift Plan Investment Options ........................... 7

If You Don’t Choose Investment Options ................. 8

Coming Investment Option Changes ....................... 8

How Assets and Future Contributions Will Transfer to the New Investment Options .......... 10

New Designated Default Investment Option for Participants Born On or After January 1, 1993 .......... 11

What Do I Need to Do? ............................................. 12

Additional Consideration ........................................... 12

For More InformationTo request changes to your account or for more information about the Thrift Plan features and investment options, here’s how to get help:

By Phone—Call the Fidelity Service Center for Marathon Petroleum and Speedway toll free at 1-866-602-0595. Representatives are available to assist you Monday through Friday (excluding New York Stock Exchange holidays except Good Friday) between 8:30 a.m. and midnight Eastern time.

Online—Visit www.netbenefits.com/marathonpetroleum.

Please also see these separate documents, which are enclosed with this newsletter:

• Safe Harbor Notice

• New Investment Option Descriptions

• Designated Default Investment Option Notice

Fidelity Service Center for Marathon Petroleum and Speedway: 1-866-602-0595 | 1

The formula for calculating the Company matching contribution is changing on January 1, 2016, to enable the Thrift Plan to take advantage of “safe harbor” government regulations intended to encourage savings plan participation by all employees. This is just a formula change, and the generous Company matching contribution will continue to be given at the same level.

Effective January 1, 2016, for every $1.00 you contribute toward your own retirement through your Thrift Plan account, up to 6% of your eligible pay, Marathon Petroleum will contribute $1.17*. In other words, if you contribute 6%, the Company will contribute 7% of your eligible pay. The matching contributions will continue to be invested in your Thrift Plan account throughout the year, as your own contributions are automatically deducted from your pay and directed to your account.

In order to receive the Company match, you need to enroll in the Thrift Plan if you haven’t already done so and direct to have your own contributions to your Thrift Plan account deducted from your paycheck. Information about how to enroll is on page 3 and how to make contribution changes is on page 5 of this newsletter. If you want to enroll or make contribution changes in time to have them, along with the corresponding Company match, start with your first paycheck in 2016, you must take action by 4 p.m. Eastern time on December 24, 2015. Any changes you make after that date will be effective as soon as administratively feasible.

Other important Thrift Plan changes that are described in this newsletter include:

• Vesting—You will be immediately vested in the Company matching contributions given on or after January 1, 2016, and any earnings on them. The current vesting schedule for Company matching contributions given prior to January 1, 2016, remains as is. See page 6 for details.

• Catch-up contributions matched—Effective January 1, 2016, both pre-tax and Roth 401(k) catch-up contributions are eligible for matching contributions up to the match limit (that is, 117% of the combined total of your pre-tax, Roth 401(k), catch-up, and/or after-tax contributions up to 6% of your pay), with the match given annually rather than per pay period. You can make catch-up contributions if you have reached age 50 or will reach age 50 during the calendar year and are making the maximum contribution allowed by the Thrift Plan or the IRS.

• Changes for Highly Compensated Employees**—Individuals meeting the criteria to be classified as a Highly Compensated Employee (HCE) have had their pre-tax and/or Roth 401(k) contributions capped at 12% of eligible pay. Effective January 1, 2016, that cap will be lifted, but HCEs will be restricted from making after-tax contributions. HCEs will continue to be subject to the Thrift Plan and IRS pre-tax and Roth 401(k) contribution limit, which is $18,000 for 2016.

Overview of Marathon Petroleum Thrift Plan Changes

*Marathon Detroit Refinery employees are not eligible for this match; please disregard all references to Company matching contributions in this newsletter.**If you earn $120,000 or more in 2015, you will be considered an HCE in 2016.

2 | www.netbenefits.com/marathonpetroleum

• New and changing investment options— A number of Thrift Plan fund changes will take place after 4 p.m. Eastern time on December 31, 2015, as described beginning on page 8 of this newsletter. These changes include:

– Two new investment options will become available.

– Two investment options will be removed from the plan and assets and future contributions will transfer to other investment options.

– Three funds in the Thrift Plan will be replaced by lower-cost share classes of the same funds. Assets and future contributions will transfer from the higher-cost to the lower-cost share classes.

These changes will take place without any action on your part. However, if you are not satisfied with how your current investment elections will be modified, you have the opportunity to make changes. Go to the “What Do I Need to Do?” section on page 12 to learn more. Descriptions of the new investment options are in an accompanying brochure.

• New Designated Default Investment Option for the youngest participants—Among the new investment options will be the Pyramis Core Lifecycle 2060 Commingled Pool Class V, an additional investment option in the family of target date retirement investments that serves as the Designated Default Investment Option for participants who have not chosen invest-ment elections. On January 4, 2016, Pyramis Core Lifecycle 2060 Commingled Pool Class V will become the Designated Default Investment Option for participants born on or after January 1, 1993, who haven’t made investment elections.

• Maximum number of loans—While there will not be a change in 2016, it is anticipated that the maximum number of outstanding loans permitted for any participant will be reduced in future years from the current maximum of five.


How Do I Enroll in the Thrift Plan, and When Will My Enrollment Be Effective?You can immediately participate in the Thrift Plan, regardless of your age and length of service, if you are an eligible employee as defined by Marathon Petroleum. If you’re eligible for the Thrift Plan but have not yet enrolled, you need to do so in order to take full advantage of this great Company benefit!

The quickest way to enroll in the Thrift Plan is to visit NetBenefits.com/EasyEnroll and answer a few simple questions. If you want more choices during the enrollment process about your initial contri-bution amount or investment elections, you can log on to Fidelity NetBenefits® at www.netbenefits.com/ marathonpetroleum and choose “Standard Enrollment.” (You can also select EasyEnroll after logging in to NetBenefits, if you prefer.) For assis-tance with enrollment, call the Fidelity Service Center for Marathon Petroleum and Speedway toll free at 1-866-602-0595 to speak with a Fidelity Customer Service Representative.

If you have ever contributed in the past but then stopped, you are recognized by the Fidelity system as being enrolled at a 0% contribution rate. If you want to begin contributing again, see the “How Do I Change My Contribution Amount?” section on page 5.

When your contributions will begin being directed from your pay into your Thrift Plan account will depend on when you are first eligible for the Thrift Plan and when you complete the enrollment process.

• If you are now eligible or will become eligible for the Thrift Plan on January 1, 2016†—You can enroll now, and contributions will begin after January 1, 2016. In order to have your contributions and the corresponding Company match start with your first paycheck in 2016, you must complete the enrollment process by 4 p.m. Eastern time on December 24, 2015. You can also enroll at any time after December 24, 2015, and your enrollment will be effective as soon as administratively feasible.

• If you will become eligible for the Thrift Plan after January 1, 2016—Your enrollment will be effective as soon as administratively feasible.

New Thrift Plan Feature Details

Please note that, if you enroll in the Thrift Plan before 4 p.m. Eastern time on December 31, 2015, the investment options you chose may be changing at that time. You might have chosen investment options that will have been removed from the Thrift Plan and replaced by different investment options before your contributions start going into your Thrift Plan account in 2016. Please read “Coming Investment Option Changes” on page 8 and the succeeding sections to learn which invest-ment options are being removed and where assets in and future contributions to those investment options will be transferred.

Student Workers: Eligible for the Thrift Plan†All student workers (including co-ops, interns, and summer helpers) will be eligible for the Thrift Plan effective January 1, 2016.


New Company Matching Contribution FormulaThe Company match formula will be changed to 117% on up to 6% of eligible pay for all Thrift Plan participants, effective January 1, 2016. The maximum match is on any combination of pre-tax, Roth 401(k), and/or after-tax contributions you make. Even if the combined total of your pre-tax, Roth 401(k), and/or after-tax contributions exceeds 6% of your pay, the total match will be capped at 117% of 6% of your pay. The matching contributions will be deposited in your Thrift Plan account throughout the year, as your own contributions are automatically deducted from your pay and directed to your Thrift Plan account.

The table below provides a comparative example of the current and future match formulas.

MaTCH FOrMula

PErCENTaGE OF YOur

ElIGIblE PaY THaT YOu

CONTrIbuTEaNNual SalarY

YOur CONTrIbuTION

aMOuNT

COMPaNY MaTCH

aMOuNT TOTal

Current: 100% of up to 7% of pay 7% $60,000 $4,200 $4,200 $8,400

Future: 117% of up to 6% of pay 6% $60,000 $3,600 $4,212 $7,812

Future: 117% of up to 6% of pay 7% $60,000 $4,200 $4,212 $8,412

It’s a good idea to contribute at least 6% to get the full Company match, if possible. If you are enrolled but contributing less than 6%, you may want to consider increasing your contribution amount to take advantage of the new Company match formula.

If you have been contributing 7% of your eligible pay in order to receive the current full Company match and going forward reduce your future contributions to 6% of your eligible pay, you will receive the full Company match after January 1, 2016. However, your overall savings for retirement will be less than at present, as shown in the table. Please carefully consider the long-term effect on your financial goals before reducing your contribution amount.

Contribution limits—Through automatic payroll deduction, you can make pre-tax and/or Roth 401(k) contributions equaling a combined total of between 1% and 25% of your eligible pay, up to the annual IRS contribution limit, which is $18,000 for 2016. Eligible pay includes base salary, overtime, and bonuses.

Match on catch-up—Effective January 1, 2016, the Company will also match pre-tax and/or Roth 401(k) catch-up contributions, which you are eligible to make if you have reached age 50 or will reach age 50 during the calendar year and are making the maximum contribution allowed by the Thrift Plan or the IRS. Please note that the maximum Company match of up to 6% of your eligible pay includes the match on your catch-up contributions. Match on catch-up contributions will be given annually. The 2016 IRS limit for catch-up contributions is $6,000.

Highly Compensated Employees—If you earn more than $120,000 in 2015, you will be considered an HCE in 2016. HCEs have had their pre-tax and/or Roth 401(k) contributions capped at 12% of eligible pay. Effective January 1, 2016, that cap will be lifted, and HCEs will be subject to the same pre-tax/Roth 401(k) Thrift Plan contribution limits as other employees.

However, HCEs will not be allowed to make after-tax contributions. If you will be an HCE in 2016 and are currently making after-tax contributions, you can change your after-tax contribution election percentage to zero by December 24, 2015. If you don’t make that change by December 24, 2015, it will be made for you.


annual true-up—In early 2017 and each year thereafter, there will be a “true-up” calculation, and you will receive any additional employer matching contribution to which you are entitled for the previous year. The true-up calculation takes into account your total compensation for the year, your contributions that were eligible for the match, and the match that you received on a pay-by-pay basis. If there was a shortfall between the match you received on a pay-by-pay basis during the year and the full match on an annualized basis, an additional employer contribution will make up the difference. Additional information about the annual true-up and how it is calculated will be avail-able in the Plan Information and Documents area of Fidelity NetBenefits® at www.netbenefits.com/marathonpetroleum.

How Do I Change My Contribution Amount?Once you have enrolled in the Thrift Plan, you can make contribution changes online at www.netbenefits.com/marathonpetroleum. From the homepage, select “Contribution Amount” in the drop-down menu next to the Thrift Plan name. You can also call the Fidelity Service Center for Marathon Petroleum and Speedway toll free at 1-866-602-0595.

The effective date of the changes will depend on when you are first eligible for the Thrift Plan and when you submit the change request.

• If you are now eligible or if you will become eligible for the Thrift Plan on January 1, 2016— If you have completed the enrollment process and then want to change your contribution amount, you must make the changes by 4 p.m. Eastern time on December 24, 2015, in order to have them reflected in your first paycheck in 2016. You can change your contribution amount at any time after December 24, 2015, and the changes will be effective as soon as administra-tively feasible.

• If you will become eligible for the Thrift Plan after January 1, 2016—After you enroll in the Thrift Plan, if you later change your contribution amount, the change will be effective as soon as administratively feasible.


Vesting for New and Prior ContributionsVesting means having ownership of the contribu-tions to your account. Vested assets are those that you will still have if you terminate employment with Marathon Petroleum.

• You are always 100% vested in your own contri-butions and any earnings on them.

• You will be immediately 100% vested in any new Company matching contributions that are given on or after January 1, 2016, and in any earnings on them.

• For Company matching contributions given prior to January 1, 2016, you will be 100% vested upon the earliest of the following:

– completion of three years of service

– attainment of normal retirement age (65)

– retirement under the Marathon Petroleum rules for retirement

– your death

– your disability.

Make Sure You Have a Current Beneficiary DesignationIt is very important to designate a beneficiary or beneficiaries for your Thrift Plan account so that your assets will be distributed according to your wishes in the event of your death. Please be sure to name or review your beneficiaries if you:

• are enrolling in the Thrift Plan for the first time,

• previously enrolled and didn’t designate a beneficiary, or

• designated beneficiaries but haven’t reviewed them lately.

To designate or review your beneficiaries, log on to Fidelity NetBenefits® at www.netbenefits.com/marathonpetroleum, click “Profile” and then select the “Beneficiaries” link. After your initial designa-tion, please be sure to update your choices as life events occur.

If you do not have access to the Internet, Fidelity can mail you a paper form for you to complete and return. This form will have special coding that will enable your information to be uploaded into the online tool as if you had entered it directly into the tool. If you need assistance or a paper form, please call the Fidelity Service Center for Marathon Petroleum and Speedway toll free at 1-866-602-0595.

Safe Harbor PlanThe changes that will be effective January 1, 2016, will enable the Thrift Plan to take advantage of “safe harbor” government regulations designed to encourage pre-tax and/or Roth 401(k) savings plan participation by all employees, regardless of salary amount. One of the requirements of being a safe harbor plan is providing participants with an annual notice describing matching contribu-tions and vesting provisions. The notice for 2016 is enclosed with this newsletter.


The Thrift Plan offers a range of investment options, from more conservative to more aggressive. You can select a mix of investment options that best suits your goals, time horizon, and risk tolerance. A complete description of the current investment options and their performance is available on Fidelity NetBenefits® at www.netbenefits.com/marathonpetroleum or by calling the Fidelity Service Center for Marathon Petroleum and Speedway toll free at 1-866-602-0595.

The Thrift Plan also offers the Pyramis Core Lifecycle Commingled Pools Class V, which are designed for investors who want a simple approach to investing for retirement. They are designed to make it easier to invest by providing a complete investment strategy, all in one actively managed portfolio. Each Pool gradually shifts from helping grow retirement assets to helping protect capital and investment gains as the target retirement year approaches.

The Pyramis Core Lifecycle Commingled Pools Class V are designed for investors expecting to retire around the year indicated in each pool’s name. The investment risk of each lifecycle fund changes over time as each fund’s asset allocation changes. The funds are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small cap, commodity-linked, and foreign securities. Principal invested is not guaranteed at any time, including at or after the pool’s target date.

Thrift Plan Investment Options


If You Don’t Choose Investment OptionsIf you do not select investment options for contribu-tions to your Thrift Plan account, they are invested in the Pyramis Core Lifecycle Commingled Pool

Class V with the target retirement date closest to the year you might retire, based on your current age and assuming a retirement age of 65, as shown in the table below.

DaTE OF bIrTH PYraMIS COrE lIFECYClE COMMINGlED POOl rETIrEMENT DaTE raNGE

Before 1938 Pyramis Core Lifecycle Income Commingled Pool Class V Before 2003

1/1/1938–12/31/1942 Pyramis Core Lifecycle 2005 Commingled Pool Class V 2003–2007











1/1/1993 and later Pyramis Core Lifecycle 2060 Commingled Pool Class V1 2058 and later

Date of birth ranges were selected by your Plan sponsor.1This investment option will be added to the Thrift Plan after 4 p.m. Eastern time on December 31, 2015. Effective January 4, 2016, it will become the Plan Designated Default Investment Option for participants born in 1993 and later. See page 11 for details. Prior to January 4, 2016, the Pyramis Core Lifecycle 2055 Commingled Pool Class V is the Designated Default Investment Option for participants in this age group.

NEw INVESTMENT OPTION NaME TICkEr SYMbOl ExPENSE INFOrMaTION

Pyramis Core Lifecycle 2060 Commingled Pool Class V N/A 7.04%

Vanguard Small-Cap Index Fund Institutional Shares VSCIX 0.08%

Expense information is as of October 19, 2015.

Coming Investment Option Changes A number of investment option changes will occur after 4 p.m. Eastern time on December 31, 2015, and what follows is an explanation of the coming changes.

The two investment options shown in the table below will become available for you to invest

in through the Thrift Plan after 4 p.m. Eastern time on December 31, 2015. In addition to the brief commentary below, please see the accom-panying “New Investment Option Descriptions” brochure for more information about these new investment options, including their objective, strategy, and risk.


Pyramis Core lifecycle 2060 Commingled Pool Class V—This investment option will be added to the Thrift Plan after 4 p.m. Eastern time on December 31, 2015. Beginning on January 4, 2016, it will become the new Designated Default Investment Option for participants born January 1, 1993, and later. See page 11 for more information.

Closing Funds—Another change effective after 4 p.m. Eastern time on December 31, 2015, is that the Kalmar “Growth-with-Value” Small Cap Fund Investor Class and Vanguard Small-Cap Value Index Fund Institutional Shares will no longer be avail-able through the Thrift Plan. Future contributions and remaining assets will transfer to the Vanguard Small-Cap Index Fund Institutional Shares.

lower-cost share classes—Also effective after 4 p.m. Eastern time on December 31, 2015, lower-cost share classes of three existing investment options in the Thrift Plan will replace the current share classes. The fees and expenses of the invest-ments you select have an impact on the overall returns of your investment portfolio. The new share class will offer you the same investment strategy and risk, but the overall expenses will be lower. The new, lower-cost share classes will be:

• Spartan® 500 Index Fund—Fidelity Advantage Institutional Class

• Spartan® International Index Fund—Fidelity Advantage Institutional Class

• Vanguard Total Bond Market Index Fund Institutional Plus Shares


How Assets and Future Contributions Will Transfer to the New Investment OptionsSee the chart below for details on how your balances and future contributions will transfer after 4 p.m. Eastern time on December 31, 2015, if you take no action. If you do not want these changes to take place, you can take action as explained in the

“What Do I Need to Do”? section on page 12 of this newsletter.

All existing balances in and future contributions being directed to the funds in the left-hand column in the chart below will be transferred to the invest-ment options in the right-hand column. The transfer of balances will appear as an exchange on your account history and statement.

OlD INVESTMENT OPTIONS NEw INVESTMENT OPTIONS

Kalmar “Growth-with-Value” Small Cap Fund Investor ClassTicker Symbol: KGSCXExpense Ratio: 1.34%

u

Vanguard Small-Cap Index Fund Institutional SharesTicker Symbol: VSCIXExpense Ratio: 0.08%

Spartan® 500 Index Fund—Institutional ClassTicker Symbol: FXSIXExpense Ratio: 0.05% u

Spartan® 500 Index Fund—Fidelity Advantage Institutional ClassTicker Symbol: FXAIXExpense Ratio: 0.025%

Spartan® International Index Fund—Institutional Class2

Ticker Symbol: FSPNX Expense Ratio: 0.095%

u

Spartan® International Index Fund—Fidelity Advantage Institutional Class2 Ticker Symbol: FSPSXExpense Ratio: 0.075%

Vanguard Small-Cap Value Index Fund Institutional SharesTicker Symbol: VSIIXExpense Ratio: 0.08%

u

Vanguard Small-Cap Index Fund Institutional SharesTicker Symbol: VSCIXExpense Ratio: 0.08%

Vanguard Total Bond Market Index Fund Institutional SharesTicker Symbol: VBTIXExpense Ratio: 0.06%

u

Vanguard Total Bond Market Index Fund Institutional Plus SharesTicker Symbol: VBMPXExpense Ratio: 0.05%

Expense ratios and information are as of October 19, 2015.2This fund has a short-term redemption fee of 1% for fee-eligible shares held less than 90 days. A short-term redemption fee will not be charged as part of this reallocation. However, if you request a change before or after the transition without satisfying the required holding period, you may incur a short-term redemption fee.

real-time Traded Stock InformationThe deadline for requesting exchanges from Marathon Petroleum Corporation Stock Fund (MPC Stock) or Marathon Oil Corporation Common Stock (MRO Stock), which are real-time traded, to any of the closing funds is 4 p.m. Eastern time on December 28, 2015. Any good ‘til canceled orders involving selling MPC or MRO and buying any of the closing funds will be canceled after 4 p.m. Eastern time on December 28, 2015. Also, any good ‘til canceled orders involving selling any of the closing funds and buying MPC Stock will be canceled after 4 p.m. Eastern time on December 31, 2015.


New Designated Default Investment Option for Participants Born On or After January 1, 1993If you were born on or after January 1, 1993, and have not chosen investments:

• Your future contributions will begin being invested in the Pyramis Core Lifecycle 2060 Commingled Pool Class V on January 4, 2016. If you don’t want this to happen, see the “What Do I Need to Do?” section on page 12. (If you elected the Pyramis Core Lifecycle 2055 Commingled Pool Class V, your future contributions will not be transferred.)

• Your assets that were defaulted into the previous Designated Default Investment Option for your age group, the Pyramis Core Lifecycle 2055 Commingled Pool Class V, will remain there unless you take action to transfer them to a different investment option.

Please also see the Plan Designated Default Investment Option notice accompanying this newsletter for additional information.

OlD INVESTMENT OPTIONS NEw INVESTMENT OPTIONS

Pyramis Core Lifecycle 2055 Commingled Pool Class V Ticker Symbol: N/AExpense Information: 0.50%(Future contributions only for participants born on or after January 1, 1993, who have not chosen investments. No other future contributions and no assets will transfer.)

u

Pyramis Core Lifecycle 2060 Commingled Pool Class VTicker Symbol: N/AExpense Information: 7.04%

Expense information is as of October 19, 2015.

The expense information for Pyramis Core Lifecycle 2060 Commingled Pool Class V reflects an estimate of expenses as of the inception date of May 6, 2015. It is anticipated that, over time, the Pyramis Core Lifecycle 2060 Commingled Pool Class V expenses will become more aligned with the Pyramis Core Lifecycle Commingled Pool Class V series expenses.


• If you hold one of the closing funds listed in the chart on page 10 and are satisfied with how your future contributions and assets will transfer, no action is required on your part. However, if you do not want these changes to take place, you must contact Fidelity Investments before 4 p.m. Eastern time on December 31, 2015, and complete a change of investments.

• If you were born on or after January 1, 1993, and haven’t chosen investment elections and are satisfied with how your future contributions will be invested as shown in the chart on page 11, no action is required on your part. However, if you do not want this change to take place on January 4, 2016, you must contact Fidelity Investments before 4 p.m. Eastern time on December 31, 2015, and elect investments.

You can also wait until after your future contri-butions and/or assets have been transferred as explained in this newsletter and then move them to another Thrift Plan investment option.

If you newly enroll in the Thrift Plan prior to 4 p.m. Eastern time on December 31, 2015, the new investment options will not yet be available for you to choose. If you want to invest in them, you can initially select other investment options and then contact Fidelity Investments in January to change your elections. Also, if you choose any closing investment options while enrolling, your future contribution elections will transfer to the successor fund after 4 p.m. Eastern time on December 31, 2015.

To change your investment elections, log on to Fidelity Netbenefits at www.netbenefits.com/marathonpetroleum or call the Fidelity Service Center for Marathon Petroleum and Speedway toll free at 1-866-602-0595. representatives are available to assist you Monday through Friday, excluding New York Stock Exchange holidays except Good Friday, between 8:30 a.m. and midnight Eastern time.

what Do I Need to Do?

additional ConsiderationIf you are currently using the Rebalance Notification feature offered through the Thrift Plan, you may need to adjust your rebalance elections given the changes to the Plan lineup. If you have one of the closing funds in your investment mix, you will no longer be notified if your account’s investment mix strays from the original specification after they are removed from the Plan.

Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

Investing involves risk, including risk of loss.A mutual fund expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percent of the fund’s total net assets. For other types of investments, the figure in the expense ratio field reflects similar information, but may have been calculated differently than for mutual funds. Mutual fund data comes from the fund’s prospectus. For non-mutual fund investment options, the information has been provided by the plan sponsor, the investment option’s manager, or the trustee. When no ratio is shown for these options it is because none was available. There may be fees and expenses associated with the investment option. Expense information changes periodically. Please consult NetBenefits for updates.

This document is only a summary of changes to the Thrift Plan. We cannot explain all of the Thrift Plan details in this booklet and sometimes the general provisions described here may not cover an unusual situation in your case. The detailed Thrift Plan provisions are contained in certain legal documents—a formal Plan document and a Trust Agreement. If there is any conflict between this booklet and the Plan’s legal documents, the legal documents will control. You can review those documents at the Employer’s business office.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

© 2015 FMR LLC. All rights reserved.

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