MLR EG OBCBckgrnd · 2017-05-03 · Unlike other types of investments where earnings may be taxed...

ON YOUR

FOCUS

FUTURE

The Roman Catholic Dioceseof Charlotte Retirement Savings Plan

P L A N Y O U R R E T I R E M E N T

WELCOME

As part of your employee benefits package, your employer offersyou the ability to participate in the The Roman Catholic Diocese ofCharlotte Retirement Savings Plan. By participating in the plan, youcan either start or continue saving for retirement. Enroll today andhelp put yourself in control of your financial future.

Start Planning for a Comfortable Retirement!Automatic salary reduction makes saving easier. Once you

become eligible, you decide how much to contribute to the plan(subject to limitations under Internal Revenue Code of 1986, asamended (“IRC”) and plan limitations). Then money is automaticallydeducted from your pay and deposited directly into your planaccount. No checks to write or additional deposits to worry about.

Contributions are deducted from your salary and are notsubject to federal, state and local income tax withholding (certainexceptions may apply). This means your tax savings are immediateand you don't have to pay income taxes on money in your planaccount until you take money out of your employer's retirementplan.* And because your employer offers additional contributions,your retirement savings have the potential to grow even more.

Contributions are invested in the funding optionsavailable in your plan. No matter what type of investor you are orwhere you are in your career, you can choose from a wide variety offunding options to suit your needs. Once you’ve chosen them,remember to monitor your investments in your plan accountperiodically to make sure that they continue to suit your needs. Youcan manage your plan account online or via telephone, virtually 24hours a day.**

Enrollment forms are available inthe back of this book; just fill themout and send them in!

* Funding your retirement program with an annuity offers no additional tax benefit than that offered by the plan. There should be reasons other than taxdeferral for investing in an annuity. References throughout this material to tax advantages, such as tax deferral and tax-free rollovers, are subject to thisconsideration.

** Access to the website and phone system may be limited or unavailable during periods of peak demand, market volatility, systems upgrades/maintenance, or other reasons. Transfer requests made via the website received and in good order on business days prior to close of the New York StockExchange (4:00 p.m. Eastern Time or earlier on some holidays or in other special circumstances) will be processed at the close of business the same daythe request was received. Requests received after this time are processed on the next business day.

2001130-3608769-10768310

Save for Tomorrow… Today

It’s important to begin saving as soon as possible so your plan account has more time to

potentially grow and benefit from positive compounding. When you invest money in your plan

account, any interest and investment gains can also earn interest and investment gains. Of

course, losses can also result with investment in mutual funds which are subject to market

fluctuations. Over time, the effects of making ongoing contributions may generate substantial

returns. So, over the long-term, the longer your retirement savings are invested, the more they

can potentially grow.

To help you understand the benefits of starting early, let’s compare two investors. Mary invests

$2,000 per year in her employer’s retirement plan starting at age 25, and then invests nothing

after age 35. Bill waits until he’s 35 to invest the same $2,000 per year and contributes every

year through age 65. Now Mary and Bill are both ready to retire. Mary contributed a total of

$22,000 while Bill contributed $62,000. Yet, if both plan accounts earn an annual rate of return

of 6%, Mary’s retirement savings is over $2,500 more than Bill’s.* In this example, Bill never

catches up!

$182,298*

$179,780*

Hypothetical Chart

*Assumes 6% net annual return and contributions are made at the beginning of each year. Annual earnings will fluctuate andcould even be negative for some investments. Past performance is no guarantee of future results. Figures are for illustrativepurposes only and do not indicate the future performance of any plan funding option(s). Retirement savings programdistributions are subject to your plan's restrictions and generally taxed as ordinary income tax in the year of distribution.Distributions before age 59 ½ may be subject to ordinary income tax and an additional 10 percent tax penalty, unless anotherexception applies. Since your plan is designed primarily to help you save for retirement, federal tax rules restrict when money maybe withdrawn from your account before you retire.

No matter how long you have until retirement, you don't want to miss out

on the potential growth of your retirement plan over time. To learn more

about all your plan has to offer and to start taking advantage of it, keep

reading.

2001130-3608769-10768310

THE ROMAN CATHOLIC DIOCESE OF CHARLOTTE RETIREMENT SAVINGS

PLAN

1

FOCUS ON YOUR FUTURE

2

Benefits Worth Waiting For

Pre-tax contributions to your account and any associated account earnings won’t be taxed until you begin

withdrawing them–so they could potentially enjoy years of tax-deferred growth in your retirement plan

account.

Unlike other types of investments where earnings may be taxed each year, your 403(b) plan account earnings

grow tax deferred. That means 100% of your earnings are reinvested, and are not subject to income taxes

until you take a distribution.

Your retirement savings enjoy income tax-deferred growth while in your retirement plan account. Let’s take a

look at this hypothetical example that compares pre-tax savings with after-tax savings.

Retirement savings program distributions are subject to your plan's restrictions and generally are taxed as ordinary income in the year ofdistribution. Distributions before age 59 ½ may be subject to ordinary income tax and an additional 10 percent tax penalty, unless anexception applies. Since your plan is designed primarily to help you save for retirement, federal tax rules restrict when money may bewithdrawn from your account before you retire. Please refer to the Features of Your Plan section of this booklet, under “Withdrawals” formore information.

This example assumes a 6% net annual growth rate, a beginning balance of $0, a $100 contribution made to the plan semi-monthly and atax rate of 25%. Figures are for illustrative purposes only and do not indicate the past or future performance of any plan funding options(s).

The income tax rate used in this chart is a hypothetical tax rate as it might apply to one’s marginal taxable income after taking intoconsideration all taxable income in a given year. Your actual income taxes in a given year may be higher or lower and can vary from year toyear depending on your personal income and tax situation. Tax laws are subject to change. The rate does not account for current reducedincome taxes that apply to long-term capital gains and qualified dividend income which would in turn have a positive effect on performancein a taxable account and reduce the after tax vs. before tax difference shown in the graph above. An investor should consider his or hercurrent and anticipated investment horizon and income tax bracket when making an investment decision, as the illustration may not reflectthese factors. MetLife does not provide tax advice. Please check with your tax advisor for details specific to your situation.

THE ROMAN CATHOLIC DIOCESE OF CHARLOTTE RETIREMENT

SAVINGS PLAN

3

What You Save Now Could Make a Big Difference

Since your pre-tax contributions to the retirement savings plan are made on a before tax basis, they

generally reduce your taxable income each year. Let's look at a hypothetical example.

Let's say your annual salary is $40,000. When you contribute to your plan, the money is automatically

deducted from each paycheck and no federal income taxes are currently withheld on this amount. As

this table shows, you could double your contribution rate from 3% to 6% — and have just $36 less

each paycheck. Furthermore, you could qualify for matching contributions from your employer —

essentially, it's like a bonus added to your plan account.

NC03/15/1990S

$40,000105/01/2012

26

* This table above shows the general advantages of tax-deferred savings. Federal tax laws limit your

annual contribution amounts. Your actual paycheck may reflect different amounts.

Now let's take a look at how tax deferral can potentially help your pre-tax retirement savings grow

throughout your career. Assume your salary is $40,000 and you are 35 years old. Based on the

hypothetical growth rates in the graph below, by steadily deferring 3% of your salary, you may have a

$100,562 nest egg by the time you reach age 65. But look at the difference increasing contributions

by 3% of salary can make:

Values are for illustrative purposes only to show the general advantages of tax deferral and do not reflect the performance of anyparticular funding option(s). Assumes a starting age of 35 years old with a starting account value of $0 and a salary of $40,000,paid biweekly, with a 6% net average rate of return, compounded annually. The actual rates of return for the periods shown willvary. Account values are not adjusted to reflect income taxes, product charges and fees or inflation, all of which will reduce theamounts available as retirement income. There is no guarantee that a retirement savings program will create the results shown.

Gross Pay Per Pay Period $1,538 $1,538 $1,538 $1,538

Minus Your Contribution $0 $46 $92 $138

Taxable Pay $1,538 $1,492 $1,446 $1,400

Minus Withholding Taxes $355 $345 $335 $324

2001130-3608769-10768310


4

Manage the Risk/Reward Potential

Under the plan, you may choose from a range of funding options across a variety of asset

classes. Regardless of your risk tolerance level, diversification – among stock, bond and fixed

income options – may be an efficient way to manage risk and to help achieve retirement goals.

The idea behind diversification is that each type of funding option has strengths and

weaknesses in various market situations. By spreading your money among various types of

investments and asset classes, you take advantage of their respective strengths without

exposing all of your plan account to an investment in one concentrated area.

In general, fixed income investments are more conservative, while equity investments offer the

potential for higher returns with more risk. Your retirement savings plan is designed to allow

you to allocate your contributions among any combination of investment options so that you

can find the mix that is right for you.

Individual needs can differ based upon factors such as age, goals, risk tolerance and overall

resources. No one diversification model fits all, nor does the selection of any diversification

model guarantee that your investment objectives will be achieved.

While diversification through an asset allocation strategy is a useful technique that can help to

manage overall portfolio risk and volatility, there is no certainty or assurance that a diversified

portfolio will enhance overall return or outperform one that is not diversified.


SAVINGS PLAN

5

Features of Your Plan

You are eligible to participate in your plan if you have completed 90 days of service.

The Internal Revenue Code limits the amount you can contribute each calendar year. The

federal general limit is $18,000 for 2016.

Under certain circumstances, you may be eligible to make additional contributions to your

plan account. Even if you've been saving diligently, if you're eligible to do so, you may still

want to take advantage of this opportunity to add to your plan account.

If you are age 50 or older, the general limit contribution amount may be increased by an

additional "catch-up" contribution of $6,000. After 2016 the general limit and the catch-

up contribution may increase each year in accordance with a cost of living adjustment.

Elective contributions generally may not exceed 100 percent of your compensation and

there is an overall limit on aggregate contributions (including employer and employee

contributions) that can be made to your employer’s plan. If you have questions about these

limits, please contact your employer.

If you have an existing retirement plan account with a prior employer or an IRA, you may

be able to roll over all or some of that account into this plan once you enroll.

One of the highlights of your plan is the employer matching contribution. Your employer

will match 25% of each dollar you contribute, on the first 16% of pay that you defer to

your plan. You must have completed 90 days of service to be eligible for your employer's

contribution.

"Vesting" refers to whether you have an absolute right to your plan account or something

else must occur before you have a right to it, such as additional years of service or reaching

a certain age. Anything you contribute — including rollover contributions and any earnings

on that money — is always 100% vested. Your employer's contributions are vested

according to the following schedule:

Less than one (1) year 0%

First Anniversary (1 year+) 50%

Second Anniversary (2 years+) 100%

You may choose from a range of funding options across a variety of asset classes. For a list

of the funding option(s) available to you, please see the next section of this guide.

Loans are permitted. The amount you may borrow is limited by rules under the Internal

Revenue Code and your employer's plan. All loans will be based on your account balance.

2001130-3608769-10768310


6

Please note, these loan limits apply on a combined basis to the highest loan balance in the past

year under all retirement accounts with the same employer. If you have any questions, please

contact your employer.

Since your plan is designed primarily to help you save for retirement, the Internal Revenue

Code has placed restrictions on when money may be withdrawn from your plan account

before you retire. You may withdraw money from your plan account under the following

circumstances, in accordance with your employer’s plan document:

• Normal Retirement Age1 (generally, 59½ for 403(b) plans)

• Termination of Employment

• Disability2

• Death

• Hardship2

• In-Service Withdrawals 1

Always consult your tax advisor or investment professional about the income tax consequences

of any withdrawals. Ordinary federal income taxes generally apply to taxable distributions.

State income taxes may also apply. Distributions before age 59 ½ may be subject to ordinary

income tax and an additional 10 percent tax penalty, unless an exception applies.1 As defined by your plan

2 Subject to IRC requirements

Each quarter, you will receive a personal account statement with a detailed summary of all

account activity. Please refer to the inside back cover of this guide for telephone and web

access information.


SAVINGS PLAN

7

Your Funding Options

Your retirement savings plan offers a variety of funding options. You can create your

own investment mix by choosing any combination. Then you can monitor your plan

investments and make adjustments as your goals change over time. The full mutual

fund lineup is on the following pages.

Morningstar Investment Management, LLC (“Morningstar”) believes that the list

shows the approximate risk relationships among the asset classes for the mutual funds

from the most conservative to the most aggressive. Within each asset class mutual

funds are listed in alphabetical order. The ranking of asset classes is based on an

analysis by Morningstar Investment Management, LLC. In determining the ranking,

Morningstar Investment Management, LLC utilized certain quantitative risk measures

in conjunction with its fundamental investing experience and portfolio construction

philosophy. Other methodologies for ranking asset classes may produce different

results. Since past performance of investments is no guarantee of future performance,

no assurance can be given that the ranking of asset classes shown here will

correspond to rankings in the future. Purchasers should understand that each mutual

fund incurs its own risks, which will be dependent upon the investment decisions

made by the respective portfolio manager. This chart is intended to be a guide; please

consult the appropriate prospectus for more complete information including costs,

expenses, and risks for each mutual fund.

Your retirement savings plan offers the following target date funds. Each one is a

diversified mutual fund managed by a professional portfolio management team.

A target date fund invests in a set of underlying mutual funds with different

investment styles which invest in different asset classes, such as stocks, bonds and

cash. The "target date" refers to a potential retirement date or the date when you

plan to begin withdrawing money. Typically, the investments within a target date fund

are weighted more towards equities when the target date is far away and adjusts over

time, so that it becomes more heavily weighted towards bonds as the target date

approaches. Keep in mind that some types of bonds may be more risky than stocks.

However, each target date fund determines its own mix of equities and bonds so that

two funds with the same target date may have different asset allocations between

equities and bonds, different investment strategies and different risk profiles. In

addition, while the "target date" may align with your goal for withdrawing money, a

particular fund's asset mix may not coincide with your risk tolerance and financial

situation. You should consult the prospectus for the fund for more details before you

decide to invest.

Target date funds are designed as a one-step approach. They assume that the target

2001130-3608769-10768310


8

date fund is your only investment and that no contributions are made after the "target date"

is reached.

There is no guarantee that the fund will not lose money or that it will provide sufficient assets

for retirement. The principal value of the fund is not guaranteed at any time, including the

target date. You must monitor your investment in the target date fund periodically to make

sure that it is appropriate for you. Because a target date fund is typically "fund of funds",

investors bear two levels of fees for the underlying funds and the target date fund.

The Registered Fixed Account Option of the Gold Track Select Variable Annuity credits an

annual interest rate declared by MetLife Insurance Company USA. The Gold Track Select

Annuity is issued on policy form numbers L-14666, L-14669, L-14672, L-14672 CA, L-14669

MO, L-14672 MO, L-14669 ND, L-14672 ND, L-14669 NE, L-14672 NE, L-14634A, L-14669

NYNON4223, L-14672 NYNON4223, L-14669 NY4223, L-14672 NY4223, L-14666 OR, L-

14669 OR, L-14672 OR, L-14666 PA, L-14669 PA, L-14672 PA, L-14666 TX, L-14669 TX, L-

14672 TX, L-14669 UT, L-14672 UT, L-14669 WA, L-14672 WA, L-14666 WI, L-14669 WI, L-

14672 WI by MetLife Insurance Company USA, 11225 North Community House Road,

Charlotte, NC 28277, or, where available, is issued by Metropolitan Life Insurance Company

(MLIC), in New York only, under policy form numbers M-14669 (4223) and M-14669

(Non-4223), 200 Park Avenue, New York, NY 10166. Securities, including variable products,

are distributed by MetLife Investors Distribution Company (member FINRA). All are MetLife

companies.

Like most insurance policies and annuity contracts, MetLife’s policies and contracts contain

exclusions, holding periods, termination provisions, limitations, reduction of benefits, surrender

charges and terms for keeping them in force. Please see your representative for complete costs

and details.

Saving and investing in your retirement plan account is a great way to prepare for the future

and to help your income last throughout your retirement. To help you make the most of your

retirement plan assets, your employer is making available the Triple Solutions Program, which

gives you the flexibility and support you need to make informed investment decisions. The

Triple Solutions Program is provided by Advised Assets Group, LLC ("AAG") for participants in

plans for which MetLife is a provider.

With the Triple Solutions Program you can choose from among three service levels, which

provide as much or as little support as you want.

Online Guidance —Create a Portfolio Designed and Managed By You:

At this level, you have access to online investment guidance, including asset allocation and gap

analysis, as well as information for retirement savings rates, retirement dates and percentage

of income needed in retirement based on your input. You can also complete online


SAVINGS PLAN

9

worksheets detailing your financial situation and retirement goals. While Online Guidance

doesn’t provide specific investment recommendations, you will receive personalized asset

allocation information, which can be used to select among your plan’s funding choices. The

Online Guidance feature is available at no additional cost.

Online Advice — Create a Portfolio Designed With Third Party Advice and

Managed by You:

Online Advice provides all of the benefits of Online Guidance, plus it also offers investment

recommendations for participants who want help in determining investments for their plan

account. After providing information about your financial situation and retirement goals, you

will receive personalized, fund-specific recommendations, based on the funding choices

available through your plan. The Online Advice feature is available for a flat annual fee of

$25.00, deducted from your plan account in quarterly installments of $6.25.

The Managed Account Service— A Portfolio Designed and Managed By

Professionals:

The Managed Account level of service provides professional portfolio construction for your

retirement plan account based on your individual situation and your plan’s funding choices.

Your portfolio is continually monitored and periodically rebalanced in accordance with market

performance and any changes in your financial situation or retirement goals that you

communicate to AAG. Additionally, you will receive personal service from the dedicated

education center staff. The Managed Account level of service is available for an annual fee of

0.38% of your plan managed account value, deducted in quarterly installments of 0.095% of

your plan account. MetLife is paid 0.15% of this fee for its services to AAG.

The Triple Solutions Program provides you with access to AAG licensed Registered Investment

Adviser Representatives who can guide you through the service features to customize your

strategy based on your investment objectives, risk tolerance and time horizon.

To enroll in this service, complete the Triple Solutions Program section of the Enrollment Form

included in this booklet. If you wish to add this service at a later date, call or

visit and click on the Triple Solutions Program tab.

AAG is a registered investment adviser that is not affiliated with Metropolitan Life Insurance

Company or any of its affiliates. AAG is solely responsible for the services that it provides and

the advice that it renders. There is no guarantee that using AAG or the Triple Solutions

Program will result in a gain in your plan account or your plan account will outperform a plan

account that does not use AAG’s service or the Triple Solutions Program. Please review AAG’s

program brochure [Form ADV Part 2A] for additional details and disclosures in connection with

its services before participating.

2001130-3608769-10768310

11

The prospectus contains important information about the mutual fund's features, risk, policies, charges, expenses, and investment objectives, which you should review and consider carefully along with your own financial circumstances before investing. Forthis and other information about any mutual fund investment please obtain a prospectus and read it carefully before you invest. Investment return and principal value will fluctuate with changes in market conditions such that shares may be worth more or lessthan original cost when redeemed. The returns of the mutual fund do not reflect any plan or contract charges or expenses. If these were deducted, the returns would be lower. If applicable, plan sponsors may be able to choose a different share class if certaincriteria are met, in which case charges and performance will differ.

The tables are provided for informational purposes only and should not be relied upon for making investment decisions. They are not intended to be a recommendation or a solicitation for anyone to buy or sell any securities. Information in each table is not asubstitute for, or a summary of, the fund's prospectus. Information provided herein is derived from sources believed to be reliable. However, no representation or warranty (expressed or implied), is made by MSI Financial Services (an affiliate of Mass Mutual)regarding the accuracy of the information, and no independent verification has been, or will be, completed by MSI Financial Services (an affiliate of Mass Mutual) on any of the information presented herein.

Prospectuses for the mutual fund investor options in your plan are available by calling the Participant Services Center. Please call the phone number listed on your quarterly statement.

MetLife and/or its affiliates receive fees from the mutual fund families and/or their affiliates for providing certain administrative, distribution, and/or recordkeeping services.

1Alpha is a measure of the difference between a portfolio's actual returns and its expected returns, given its level of market risk, which is known as beta. A positive alpha indicates the portfolio has performed better than predicted, given its level of marketrisk(beta). A negative alpha indicates a portfolio has underperformed, given the expectations established by the fund's market risk exposure. Alpha may be useful in analyzing a manager's ability to add value on a risk adjusted basis to a portfolio'sperformance. 2Beta is a means of measuring the volatility of a security in comparison with the market as a whole. A beta of 1 indicates that the security's price will move with the market. A beta of more or less than 1indicates that the security's price will bemore or less volatile, respectively, than the market. 3Standard Deviation measures the performance volatility of an investment against itself – that is, how much the investment goes up or down. The larger the standard deviation, the more likely theinvestment may experience a return that is far more or far less than its average.

Securities distributed by MetLife Investors Distribution Company (MLIDC) (member FINRA). MLIDC and MetLife are not affiliated with Lipper, Inc. and Thomson Reuters Company. Certain mutual fund performanceinformation contained on this page were supplied by Lipper, A Thomson Reuters Company, Copyright 2010 © Thomson Reuters. Lipper shall not be liable for any errors or delays in the content, or for any actions takenin reliance thereon. The asset classes are supplied by Morningstar Investment Management, LLC and are used by permission.

L0115408463[exp1216][All States][DC]

ASSET CLASS/CATEGORY:

Money Market

Vanguard Prime MM;InvAs of: 6/30/2016 Ticker: VMMXX

FUND INVESTMENT OBJECTIVEThe Fund seeks to provide current income consistent with the preservation of capital and liquidity. The Fund alsoseeks to maintain a stable net asset value of $1.00 per share. The Fund invests in short term, high qualitymoney market securities issued by US government agencies.

AVERAGE ANNUAL TOTAL RETURN

Crt. Qtr. 1 Year 3 Year 5 Year 10 Year0.11% 0.24% 0.09% 0.06% 1.13%

0.02% 0.05% 0.02% 0.02% 0.98%

0%

0.2%

0.4%

0.6%

0.8%

1%

1.2%Fund Benchmark*

FUND VOLATILITY (RISK)

Alpha1 (3-Yr.): 0.01%*Beta2 (3-Yr.): 0.0%*Standard Deviation3 (3-Yr.): 0.01%

*Calculated against Lipper Money Mkt Fd IX

GENERAL INFORMATION

Share Price (06/30/2016): $1.00Fund Size (as of 5/31/2016): $107,836.9mFund Began: 6/4/1975Manager: David R. GlockeManager Tenure: 2003

Family & Address:Vanguard Group Inc100 Vanguard BoulevardMalvern, PA 19355

FEES & EXPENSES

Fund total expense ratio (gross): 0.16%

These figures reflect past performance and are not an indication of future performance. The investment return andunit/share value will fluctuate over time so that an investment may be worth more or less than the sum of yourpurchase payments. Current performance may be lower or higher than the performance figures quoted. Performancecurrent to the most recent month-end may be reviewed by calling 800-662-7447. Average annual returns assume asteady compounded rate of return. All distributions are assumed to be reinvested. It is not the fund's year-by-yearresults, which actually varied over the periods shown.

*The benchmark for this fund is Lipper Money Mkt Fd IX

To deter market-timing or other disruptive trading in fund shares, some funds have a fee on a redemption of sharesrecently purchased.


Intermediate-Term Bond

Ave Maria BondAs of: 6/30/2016 Ticker: AVEFX

FUND INVESTMENT OBJECTIVEThe Fund seeks a high level of current income and some capital appreciation by investing primarily in the A-rated debt securities of companies whose products and services are consistent with the core values andteachings of the Roman Catholic Church.



3.43% 7.63% 5.53% 4.91% 5.41%

0%

2%

4%

6%

8%

10%Fund Benchmark*



*Calculated against Lipper A Rated Bnd Fd IX

GENERAL INFORMATION

Share Price (06/30/2016): $11.40Fund Size (as of 5/31/2016): $230.3mFund Began: 5/1/2003Manager: Platte, Jr./ScheitlerManager Tenure: 2003/2013

Family & Address:Schwartz Investment Counsel Inc3707 West Maple RdSuite 100Bloomfield Hills, MI 48301

FEES & EXPENSES



*The benchmark for this fund is Lipper A Rated Bnd Fd IX

Bond prices change in response to many factors, including market interest rates, inflation, the credit worthinessof the issuer, liquidity, and investor perception. Investments in bond funds are not guaranteed, and may losevalue at any time.


2001130-3608769-10768310

12









Intermediate-Term Bond

Dodge & Cox IncomeAs of: 6/30/2016 Ticker: DODIX

FUND INVESTMENT OBJECTIVEThe Fund seeks a high and stable rate of current income, consistent with long-term preservation of capital. Asecondary objective is to take advantage of opportunities to realize capital appreciation.



2.46% 5.75% 4.17% 4.05% 5.04%

0%

1%

2%

3%

4%

5%

6%

7%Fund Benchmark*



*Calculated against Lipper Core Bd Fd IX

GENERAL INFORMATION

Share Price (06/30/2016): $13.72Fund Size (as of 5/31/2016): $44,918.3mFund Began: 1/3/1989Manager: Team Managed

Family & Address:Dodge & Cox555 California Street40th FloorSan Francisco, CA 94104

FEES & EXPENSES



*The benchmark for this fund is Lipper Core Bd Fd IX




Multisector Bond

Loomis Sayles:Bond;InstAs of: 6/30/2016 Ticker: LSBDX

FUND INVESTMENT OBJECTIVEThe Fund seeks high total investment return through a combination of current income and capital appreciation.The Fund seeks to attain its objective by normally investing substantially all of its assets in fixed incomesecurities, although up to 20% of its assets may be invested in preferred stocks.



2.86% 4.82% 3.24% 3.71% 5.11%

0%

1%

2%

3%

4%

5%

6%

7%Fund Benchmark*


Alpha1 (3-Yr.): -0.13%*Beta2 (3-Yr.): 0.41%*Standard Deviation3 (3-Yr.): 1.72%

*Calculated against Lipper Gen Bond Fd IX

GENERAL INFORMATION


Family & Address:Loomis Sayles & Company LPOne Financial Center34th FloorBoston, MA 02111-2621

FEES & EXPENSES



*The benchmark for this fund is Lipper Gen Bond Fd IX



13









World Bond

Templeton Gl Bond;AdvAs of: 6/30/2016 Ticker: TGBAX

FUND INVESTMENT OBJECTIVEThe Fund seeks current income with capital appreciation and growth of income by investing at least 80% of itsnet assets in "bonds." In addition, the Fund's assets will be invested in issuers located in at least three countriesincluding the U.S.


Crt. Qtr. 1 Year 3 Year 5 Year 10 Year-0.36% -4.25% 0.39% 1.60% 6.84%

2.13% 5.17% 1.80% 1.11% 4.00%

-6%

-4%

-2%

0%

2%

4%

6%

8%Fund Benchmark*



*Calculated against Lipper Intl Inc Fd IX

GENERAL INFORMATION

Share Price (06/30/2016): $11.32Fund Size (as of 5/31/2016): $24,287.7mFund Began: 1/2/1997Manager: Hasenstab/DesaiManager Tenure: 2001/2011

Family & Address:Franklin Templeton InvestmentsOne Franklin ParkwaySan Mateo, CA 94403-1906

FEES & EXPENSES



*The benchmark for this fund is Lipper Intl Inc Fd IX

Bond prices change in response to many factors, including market interest rates, inflation, the credit worthinessof the issuer, liquidity, and investor perception. Investments in bond funds are not guaranteed, and may losevalue at any time. Foreign investments involve greater risk, including political risk, currency fluctuation, weaklegal protections, lack of information, and low liquidity.



Target Date 2000-2010

T Rowe Price Ret:2010;AAs of: 6/30/2016 Ticker: PARAX

FUND INVESTMENT OBJECTIVEThe Fund seeks to provide the highest total return over time consistent with an emphasis on both capital growthand income.



2.04% 1.61% 4.59% 4.54% 4.57%

0%

1%

2%

3%

4%

5%

6%Fund Benchmark*



*Calculated against Lipper M-A Tgt 2010 IX

GENERAL INFORMATION

Share Price (06/30/2016): $17.57Fund Size (as of 5/31/2016): $613.7mFund Began: 10/31/2003Manager: Clark/LeeManager Tenure: 2003/2015

Family & Address:T Rowe Price Associates Inc100 East Pratt StreetBaltimore, MD 21202

FEES & EXPENSES


PORTFOLIO COMPOSITION

Top Holdings (as of 03/31/2016)T Rowe Price New Income Fund 26.84%T Rowe Price Equity Index 500 Fund 23.50%T Rowe Price Limited Duration Inflation Foc

Bd 15.13%T Rowe Price Overseas Stock Fund 4.28%T Rowe Price International Growth &

Income Fd 4.26%T Rowe Price High Yield Fund 4.10%T Rowe Price Emerging Markets Bond

Fund 4.09%T Rowe Price International Bond Fund 3.98%T Rowe Price International Stock Fund 3.78%T Rowe Price Emerging Markets Stock

Fund 2.61%

Top 10 Holdings (% of total) 92.57%Annual Turnover Ratio 14%

Asset Types (as of 03/31/2016)Equities 44.76%Fixed Income 53.04%Cash 2.33%Other -0.13%


*The benchmark for this fund is Lipper M-A Tgt 2010 IX

Prices of equity securities change in response to many factors, including the company’s earnings, net assetvalues, economic conditions, investor perceptions, and liquidity. Bond prices change in response to manyfactors, including market interest rates, inflation, the credit worthiness of the issuer, liquidity, and investorperception. Investments in bond funds are not guaranteed, and may lose value at any time. Target date funds arenot guaranteed to reach a certain value by their target date, and may decline in value at any time.


2001130-3608769-10768310

14










T Rowe Price Ret:Bal;AAs of: 6/30/2016 Ticker: PARIX

FUND INVESTMENT OBJECTIVEThe Fund seeks provide the highest total return over time consistent with an emphasis on both capital growthand income.



2.14% 2.08% 4.04% 4.11% N/A

0%

1%

2%

3%

4%

5%

6%Fund Benchmark*



*Calculated against Lipper M-A Tgt Today IX

GENERAL INFORMATION

Share Price (06/30/2016): $14.76Fund Size (as of 5/31/2016): $309.6mFund Began: 10/31/2003Manager: Clark/LeeManager Tenure: 2003/2015


FEES & EXPENSES



Top Holdings (as of 03/31/2016)T Rowe Price Limited Duration Inflation Foc

Bd 29.91%T Rowe Price Equity Index 500 Fund 20.96%T Rowe Price New Income Fund 20.00%T Rowe Price Overseas Stock Fund 3.78%T Rowe Price International Growth &

Income Fd 3.74%T Rowe Price International Stock Fund 3.33%T Rowe Price High Yield Fund 3.13%T Rowe Price Emerging Markets Bond

Fund 3.12%T Rowe Price International Bond Fund 3.05%T Rowe Price Emerging Markets Stock

Fund 2.35%


Asset Types (as of 03/31/2016)Equities 39.84%Fixed Income 58.16%Cash 2.03%Other -0.03%


*The benchmark for this fund is Lipper M-A Tgt Today IX





T Rowe Price Ret:2020;AAs of: 6/30/2016 Ticker: PARBX




1.96% 0.59% 5.48% 5.34% 4.91%

0%

1%

2%

3%

4%

5%

6%

7%Fund Benchmark*




GENERAL INFORMATION

Share Price (06/30/2016): $20.21Fund Size (as of 5/31/2016): $3,063.0mFund Began: 10/31/2003Manager: Clark/LeeManager Tenure: 2003/2015


FEES & EXPENSES



Top Holdings (as of 03/31/2016)T Rowe Price New Income Fund 20.24%T Rowe Price Equity Index 500 Fund 18.36%T Rowe Price Growth Stock Fund 7.59%T Rowe Price Value Fund 6.98%T Rowe Price Limited Duration Inflation Foc

Bd 6.47%T Rowe Price Overseas Stock Fund 5.94%T Rowe Price International Growth &

Income Fd 5.91%T Rowe Price International Stock Fund 5.21%T Rowe Price Emerging Markets Stock

Fund 3.56%T Rowe Price Emerging Markets Bond

Fund 3.14%


Asset Types (as of 03/31/2016)Equities 62.25%Fixed Income 35.33%Cash 2.18%Other 0.24%





15










T Rowe Price Ret:2030;AAs of: 6/30/2016 Ticker: PARCX



Crt. Qtr. 1 Year 3 Year 5 Year 10 Year1.51% -1.22% 7.40% 7.32% 5.85%

1.90% -0.80% 6.24% 6.09% 4.78%

-2%

0%

2%

4%

6%

8%Fund Benchmark*




GENERAL INFORMATION



FEES & EXPENSES



Top Holdings (as of 03/31/2016)T Rowe Price Growth Stock Fund 14.58%T Rowe Price Value Fund 13.82%T Rowe Price New Income Fund 13.72%T Rowe Price Equity Index 500 Fund 12.22%T Rowe Price Overseas Stock Fund 7.28%T Rowe Price International Growth &

Income Fd 7.24%T Rowe Price International Stock Fund 6.40%T Rowe Price Emerging Markets Stock

Fund 4.38%T Rowe Price Real Assets Fund 3.26%T Rowe Price Mid-Cap Value Fund 2.86%









T Rowe Price Ret:2040;AAs of: 6/30/2016 Ticker: PARDX




1.79% -2.10% 6.43% 6.28% N/A

-4%

-2%

0%

2%

4%

6%

8%

10%Fund Benchmark*




GENERAL INFORMATION



FEES & EXPENSES



Top Holdings (as of 03/31/2016)T Rowe Price Growth Stock Fund 19.83%T Rowe Price Value Fund 19.03%T Rowe Price Overseas Stock Fund 8.26%T Rowe Price International Growth &

Income Fd 8.22%T Rowe Price Equity Index 500 Fund 7.35%T Rowe Price International Stock Fund 7.27%T Rowe Price New Income Fund 6.96%T Rowe Price Emerging Markets Stock








2001130-3608769-10768310

16









Target Date 2051 +

T Rowe Price Ret:2050;AAs of: 6/30/2016 Ticker: PARFX



Crt. Qtr. 1 Year 3 Year 5 Year 10 Year1.18% -2.51% 7.68% 7.65% N/A

1.74% -2.37% 6.12% 6.36% N/A

-4%

-2%

0%

2%

4%

6%

8%

10%Fund Benchmark*




GENERAL INFORMATION



FEES & EXPENSES



Top Holdings (as of 03/31/2016)T Rowe Price Growth Stock Fund 20.04%T Rowe Price Value Fund 19.33%T Rowe Price Overseas Stock Fund 8.29%T Rowe Price International Growth &

Income Fd 8.25%T Rowe Price International Stock Fund 7.32%T Rowe Price Equity Index 500 Fund 7.21%T Rowe Price New Income Fund 6.48%T Rowe Price Emerging Markets Stock









Large Value

LKCM:Aquinas ValueAs of: 6/30/2016 Ticker: AQEIX

FUND INVESTMENT OBJECTIVEThe Fund seeks to maximize long-term capital appreciation. The Fund seeks to achieve its investment objectiveby primarily choosing investments that are undervalued relative to a company's earnings growth rate.



2.18% -0.60% 9.44% 9.57% 6.52%

-6%-4%-2%0%2%4%6%8%

10%12%

Fund Benchmark*



*Calculated against Lipper Mlt-Cap Core IX

GENERAL INFORMATION

Share Price (06/30/2016): $15.38Fund Size (as of 5/31/2016): $37.6mFund Began: 1/3/1994Manager: Greenwell/Yeager/TruittManager Tenure: 2005/2010/2010

Family & Address:Luther King Capital Mgmt Corporation301 Commerce StreetSuite 1600Fort Worth, TX 76102

FEES & EXPENSES



Top Holdings (as of 03/31/2016)Roper Technologies Inc ORD 3.88%Martin Marietta Materials Inc ORD 3.81%Adobe Systems Inc ORD 3.73%Honeywell International Inc ORD 3.71%SunTrust Banks Inc ORD 3.59%Whirlpool Corp ORD 3.59%Goodyear Tire & Rubber Co ORD 3.50%Metlife Inc ORD 3.49%Sabre Corp ORD 3.45%CVS Health Corp ORD 3.44%




*The benchmark for this fund is Lipper Mlt-Cap Core IX

Prices of equity securities change in response to many factors, including the company’s earnings, net assetvalues, economic conditions, investor perceptions, and liquidity.


17









Large Value

MFS Value;R4As of: 6/30/2016 Ticker: MEIJX

FUND INVESTMENT OBJECTIVEThe Fund seeks capital appreciation and reasonable income. The Fund invests, under normal market conditions,at least 65% of its net assets in equity securities of companies which the adviser believes are undervalued in themarket relative to their long term potential.



3.40% 0.34% 8.69% 9.82% 5.69%

0%

2%

4%

6%

8%

10%

12%

14%Fund Benchmark*



*Calculated against Lipper Lg-Cap Value IX

GENERAL INFORMATION

Share Price (06/30/2016): $34.69Fund Size (as of 5/31/2016): $3,180.8mFund Began: 4/1/2005Manager: Chitkara/GorhamManager Tenure: 2006/2005

Family & Address:MFS Investment Management111 Huntington AvenueBoston, MA 02199

FEES & EXPENSES



Top Holdings (as of 05/31/2016)JPMorgan Chase & Co ORD 4.39%Johnson & Johnson ORD 3.57%Philip Morris International Inc ORD 3.36%Wells Fargo & Co ORD 2.97%Accenture PLC ORD 2.80%Pfizer Inc ORD 2.43%Medtronic PLC ORD 2.17%Honeywell International Inc ORD 2.08%PPG Industries Inc ORD 2.06%Travelers Companies Inc ORD 2.03%




*The benchmark for this fund is Lipper Lg-Cap Value IX




Large Blend

Sentinel:Common Stk;IAs of: 6/30/2016 Ticker: SICWX

FUND INVESTMENT OBJECTIVEThe Fund seeks a combination of current income and long-term growth of both capital and income throughinvestments in the common stocks of many well-established dividend paying companies.


Crt. Qtr. 1 Year 3 Year 5 Year 10 Year2.08% 2.92% 9.86% 10.63% N/A

2.14% 1.52% 9.65% 10.47% 6.43%

0%

2%

4%

6%

8%

10%

12%Fund Benchmark*



*Calculated against Lipper Lg-Cap Core IX

GENERAL INFORMATION

Share Price (06/30/2016): $40.06Fund Size (as of 5/31/2016): $654.5mFund Began: 5/4/2007Manager: Manion/RoperManager Tenure: 2007/2010

Family & Address:Sentinel Asset Management IncOne National Life DriveMontpelier, VT 05604

FEES & EXPENSES



Top Holdings (as of 12/31/2015)Microsoft Corp ORD 3.23%Wells Fargo & Co ORD 2.86%Visa Inc ORD 2.67%PepsiCo Inc ORD 2.29%Apple Inc ORD 2.21%Boeing Co ORD 2.19%McDonald's Corp ORD 1.98%Medtronic PLC ORD 1.97%UnitedHealth Group Inc ORD 1.97%S&P Global Inc ORD 1.95%




*The benchmark for this fund is Lipper Lg-Cap Core IX


To deter market-timing or other disruptive trading in fund shares, some funds have a fee on a redemption of sharesrecently purchased.2

001130-3608769-10768310

18









Large Blend

SSgA:S&P 500 Index;NAs of: 6/30/2016 Ticker: SVSPX

FUND INVESTMENT OBJECTIVEThe Fund seeks to replicate as closely as possible the performance of the Standard & Poor's 500 Index. TheFund seeks to achieve its objective by investing substantially all of its investable assets in a correspondingportfolio that uses a passive management strategy designed to track the performance of the Index.



2.38% 3.70% 11.34% 11.80% 7.18%

0%

2%

4%

6%

8%

10%

12%

14%Fund Benchmark*



*Calculated against Lipper S&P 500 Fund IX

GENERAL INFORMATION

Share Price (06/30/2016): $32.61Fund Size (as of 5/31/2016): $1,511.2mFund Began: 12/30/1992Manager: Schneider/Tucker/FeehilyManager Tenure: 2002/2007/2014

Family & Address:State Street Bank and Trust Company200 Clarendon StreetBoston, MA 02116

FEES & EXPENSES



Top Holdings (as of 02/29/2016)Apple Inc ORD 3.11%Microsoft Corp ORD 2.33%Exxon Mobil Corp ORD 1.93%Johnson & Johnson ORD 1.68%General Electric Co ORD 1.59%Berkshire Hathaway Inc ORD 1.45%Facebook Inc ORD 1.40%AT&T Inc ORD 1.31%Procter & Gamble Co ORD 1.26%Wells Fargo & Co ORD 1.25%




*The benchmark for this fund is Lipper S&P 500 Fund IX




Large Growth

JPMorgan:LgCp Gro;AAs of: 6/30/2016 Ticker: OLGAX

FUND INVESTMENT OBJECTIVEThe Fund seeks long-term capital appreciation and growth of income by investing primarily in equity securities.Under normal circumstances at least 80% of the Fund's net assets will be invested in the equity securities oflarge, well-established companies.



0.33% -2.83% 11.22% 10.15% 7.06%

-10%

-5%

0%

5%

10%

15%Fund Benchmark*



*Calculated against Lipper Lg-Cap Growth IX

GENERAL INFORMATION

Share Price (06/30/2016): $32.93Fund Size (as of 5/31/2016): $4,418.3mFund Began: 2/22/1994Manager: Giri DevulapallyManager Tenure: 2004

Family & Address:JPMorgan Funds522 Fifth Avenue18th FloorNew York, NY 10036

FEES & EXPENSES



Top Holdings (as of 05/31/2016)Alphabet Inc ORD 5.96%Home Depot Inc ORD 5.15%Facebook Inc ORD 4.92%Amazon.com Inc ORD 4.91%Visa Inc ORD 3.90%MasterCard Inc ORD 3.22%Comcast Corp ORD 3.05%JPMorgan Liquid Assets Money Market

Fund;Inst 2.57%Apple Inc ORD 2.45%Microsoft Corp ORD 2.42%




*The benchmark for this fund is Lipper Lg-Cap Growth IX



19









Large Growth

LKCM:Aquinas GrowthAs of: 6/30/2016 Ticker: AQEGX

FUND INVESTMENT OBJECTIVEThe Fund seeks long-term capital appreciation by investing a diversified portfolio of equity securities that arebelieved to offer above average potential for growth in revenues, profits, or cash flow.



0.95% -5.16% 10.38% 9.57% 7.18%

-10%

-5%

0%

5%

10%

15%Fund Benchmark*



*Calculated against Lipper Mlt-Cap Growth IX

GENERAL INFORMATION

Share Price (06/30/2016): $16.79Fund Size (as of 5/31/2016): $25.6mFund Began: 1/3/1994Manager: Gary G. WalshManager Tenure: 2013

Family & Address:Luther King Capital Mgmt Corporation301 Commerce StreetSuite 1600Fort Worth, TX 76102

FEES & EXPENSES



Top Holdings (as of 03/31/2016)Apple Inc ORD 4.42%Roper Technologies Inc ORD 4.24%Facebook Inc ORD 3.97%CVS Health Corp ORD 3.76%Honeywell International Inc ORD 3.32%Colgate-Palmolive Co ORD 3.27%Akamai Technologies Inc ORD 3.22%Home Depot Inc ORD 3.09%EMC Corp ORD 3.09%Amazon.com Inc ORD 2.98%




*The benchmark for this fund is Lipper Mlt-Cap Growth IX




Mid-Cap Value

J Hancock III:DVMC;R2As of: 6/30/2016 Ticker: JVMSX

FUND INVESTMENT OBJECTIVEThe Fund seeks long-term growth of capital with current income as a secondary objective. The Fund pursues itsobjective by investing 80% of its net assets in a diversified portfolio consisting primarily of equity securities, suchas common stocks, of issuers with medium market capitalizations with value characteristics.


Crt. Qtr. 1 Year 3 Year 5 Year 10 Year3.19% 2.03% 12.15% N/A N/A

2.18% -0.60% 9.44% 9.57% 6.52%

-2%0%2%4%6%8%

10%12%14%

Fund Benchmark*



*Calculated against Lipper Mlt-Cap Core IX

GENERAL INFORMATION

Share Price (06/30/2016): $19.70Fund Size (as of 5/31/2016): $237.0mFund Began: 3/1/2012Manager: Pollack/FeeneyManager Tenure: 2012/2012

Family & Address:John Hancock Group601 Congress StreetBoston, MA 02210

FEES & EXPENSES



Top Holdings (as of 05/31/2016)State Street US Government Money Market

Fund;Prem 2.54%Masco Corp ORD 1.65%Fifth Third Bancorp ORD 1.60%Regency Centers Corp 1.58%Amdocs Ltd ORD 1.57%Graphic Packaging Holding Co ORD 1.51%Aon PLC ORD 1.47%Unum Group ORD 1.44%Fidelity National Information Services Inc

ORD 1.43%Huntington Bancshares Inc ORD 1.42%




*The benchmark for this fund is Lipper Mlt-Cap Core IX

Prices of equity securities change in response to many factors, including the company’s earnings, net assetvalues, economic conditions, investor perceptions, and liquidity. Securities of smaller companies may be morevolatile than those of larger companies.


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20









Small Blend

Vanguard Sm-Cp Idx;AdmAs of: 6/30/2016 Ticker: VSMAX

FUND INVESTMENT OBJECTIVEThe Fund 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 ofthe CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies.



2.82% -3.52% 7.37% 8.27% 6.49%

-6%-4%-2%0%2%4%6%8%

10%12%

Fund Benchmark*



*Calculated against Lipper Sm-Cap Core IX

GENERAL INFORMATION

Share Price (06/30/2016): $55.41Fund Size (as of 5/31/2016): $23,258.0mFund Began: 11/13/2000Manager: Michael H. BuekManager Tenure: 2000

Family & Address:Vanguard Group Inc100 Vanguard BoulevardMalvern, PA 19355

FEES & EXPENSES



Top Holdings (as of 04/30/2016)Vanguard Market Liquidity Fund 0.54%Ingredion Inc ORD 0.30%Waste Connections Inc ORD 0.30%Arthur J Gallagher & Co ORD 0.30%AGL Resources Inc ORD 0.29%Valspar Corp ORD 0.28%Duke Realty Corp 0.28%Atmos Energy Corp ORD 0.27%Westar Energy Inc ORD 0.27%Mid-America Apartment Communities Inc 0.26%




*The benchmark for this fund is Lipper Sm-Cap Core IX




Small Growth

Baron Growth;RtlAs of: 6/30/2016 Ticker: BGRFX

FUND INVESTMENT OBJECTIVEThe Fund seeks capital appreciation. The Advisor seeks investments that are supported by long termdemographic, economic and societal "megatrends." The Advisor looks to the ability of a company to grow itsbusiness substantially within a four to five year period.



2.45% -5.33% 8.81% 8.00% 7.43%

-8%-6%-4%-2%0%2%4%6%8%

10%Fund Benchmark*



*Calculated against Lipper Mid-Cap Growth IX

GENERAL INFORMATION

Share Price (06/30/2016): $65.48Fund Size (as of 5/31/2016): $3,071.2mFund Began: 12/31/1994Manager: Ronald BaronManager Tenure: 1994

Family & Address:Baron Funds767 Fifth AvenueNew York, NY 10153

FEES & EXPENSES



Top Holdings (as of 03/31/2016)Under Armour Inc ORD 4.91%Arch Capital Group Ltd ORD 4.62%Vail Resorts Inc ORD 4.54%Gartner Inc ORD 4.15%FactSet Research Systems Inc ORD 3.98%Middleby Corp ORD 3.90%SS&C Technologies Holdings Inc ORD 3.22%CoStar Group Inc ORD 3.09%ANSYS Inc ORD 2.72%Choice Hotels International Inc ORD 2.67%




*The benchmark for this fund is Lipper Mid-Cap Growth IX



21









Foreign Large Blend

American Funds EuPc;R-4As of: 6/30/2016 Ticker: REREX

FUND INVESTMENT OBJECTIVEThe Fund seeks to provide long-term growth of capital by investing in companies based outside the UnitedStates. The Fund Invests in companies based chiefly in Europe and the Pacific Basin, ranging from small firmsto large corporations.



-0.61% -8.81% 2.25% 2.02% 2.59%

-12%-10%-8%-6%-4%-2%0%2%4%6%

Fund Benchmark*



*Calculated against Lipper Intl Lg-Cp Gr IX

GENERAL INFORMATION


Family & Address:American Funds333 South Hope Street52nd FloorLos Angeles, CA 90071-1406

FEES & EXPENSES



Top Holdings (as of 03/31/2016)Novo Nordisk A/S ORD 4.54%Novartis AG ORD 2.06%Prudential PLC ORD 1.73%Baidu Inc DR 1.68%Associated British Foods PLC ORD 1.67%AIA Group Ltd ORD 1.66%HDFC Bank Ltd ORD 1.61%Alibaba Group Holding Ltd DR 1.60%Taiwan Semiconductor Manufacturing Co

Ltd ORD 1.55%British American Tobacco PLC ORD 1.48%




*The benchmark for this fund is Lipper Intl Lg-Cp Gr IX

Prices of equity securities change in response to many factors, including the company’s earnings, net assetvalues, economic conditions, investor perceptions, and liquidity. Foreign investments involve greater risk,including political risk, currency fluctuation, weak legal protections, lack of information, and low liquidity.



Diversified Emerging Mkts

Oppenheimer Dev Mkts;YAs of: 6/30/2016 Ticker: ODVYX

FUND INVESTMENT OBJECTIVEThe Fund seeks aggressive capital appreciation by investing in common stocks of issuers in emerging anddeveloping markets throughout the world. The Fund will invest at least 80% of its total assets in equity securitiesof companies with high growth potential in at least three developing markets.


Crt. Qtr. 1 Year 3 Year 5 Year 10 Year0.71% -10.12% -1.20% -1.30% 6.52%

2.85% -8.65% -0.99% -2.70% 3.42%

-15%

-10%

-5%

0%

5%

10%Fund Benchmark*



*Calculated against Lipper Emerg Mkt Fd IX

GENERAL INFORMATION

Share Price (06/30/2016): $31.13Fund Size (as of 5/31/2016): $12,929.4mFund Began: 9/7/2005Manager: Leverenz/LechManager Tenure: 2007/2015

Family & Address:OppenheimerFunds IncTwo World Financial Center225 Liberty Street, 11th FloorNew York, NY 10281-1008

FEES & EXPENSES



Top Holdings (as of 05/31/2016)Tencent Holdings Ltd ORD 5.14%Oppenheimer Institutional Money Market

Fund;E 4.93%Housing Development Finance Corporation

Ltd ORD 4.54%Alibaba Group Holding Ltd DR 3.82%Baidu Inc DR 3.57%Taiwan Semiconductor Manufacturing Co

Ltd ORD 3.44%Infosys Ltd ORD 2.98%Magnit PAO ORD 2.97%Ctrip.Com International Ltd DR 2.43%Novatek OAO DR 2.35%




*The benchmark for this fund is Lipper Emerg Mkt Fd IX

Prices of equity securities change in response to many factors, including the company’s earnings, net assetvalues, economic conditions, investor perceptions, and liquidity. Investing in emerging markets can add risks,which may include high inflation, unstable currency values, political upheaval, little to no legal protection, andunstable economies. Transaction costs are often higher, and there may be delays in settlement.


2001130-3608769-10768310

22









Global Real Estate

Voya:Glbl RE;WAs of: 6/30/2016 Ticker: IRGWX

FUND INVESTMENT OBJECTIVEThe Fund seeks to provide investors with high total return. Under normal market conditions, the Fund willoperate as a non-diversified fund and invest at least 80% of its assets in a portfolio of equity securities ofcompanies that are principally engaged in the real estate industry.


Crt. Qtr. 1 Year 3 Year 5 Year 10 Year2.11% 8.63% 7.10% 6.69% N/A

3.15% 9.40% 7.98% 7.45% N/A

0%

2%

4%

6%

8%

10%Fund Benchmark*



*Calculated against Lipper Glbl RE Fd IX

GENERAL INFORMATION

Share Price (06/30/2016): $20.67Fund Size (as of 5/31/2016): $324.8mFund Began: 2/12/2008Manager: Ferguson/Smith/BurtonManager Tenure: 2008/2008/2008

Family & Address:Voya Investments LLC7337 East Doubletree Ranch RoadScottsdale, AZ 85258

FEES & EXPENSES



Top Holdings (as of 03/31/2016)Simon Property Group Inc ORD 6.10%Equity Residential ORD 4.12%Public Storage ORD 3.85%Welltower Inc ORD 3.37%General Growth Properties Inc ORD 3.10%AvalonBay Communities Inc ORD 2.99%Unibail Rodamco SE ORD 2.94%Klepierre SA ORD 2.79%Kimco Realty Corp 2.58%Prologis Inc ORD 2.50%




*The benchmark for this fund is Lipper Glbl RE Fd IX

Prices of equity securities change in response to many factors, including the company’s earnings, net assetvalues, economic conditions, investor perceptions, and liquidity. Foreign investments involve greater risk,including political risk, currency fluctuation, weak legal protections, lack of information, and low liquidity. Sectorfunds may be more volatile than funds that diversify across sectors or industries.



Natural Resources

Pru Jenn Natural Res;AAs of: 6/30/2016 Ticker: PGNAX

FUND INVESTMENT OBJECTIVEThe Fund seeks long-term growth of capital by investing primarily in securities of foreign and domesticcompanies that own, explore, mine, process, or otherwise develop natural resources, or supply goods andservices primarily to such companies and in asset-based securities relating to the market value of suchresources.


Crt. Qtr. 1 Year 3 Year 5 Year 10 Year15.04% -9.91% -7.75% -9.53% -0.53%

13.02% -3.06% -2.67% -5.30% -0.30%

-15%

-10%

-5%

0%

5%

10%

15%

20%Fund Benchmark*



*Calculated against Lipper Glbl Nat Res IX

GENERAL INFORMATION

Share Price (06/30/2016): $34.14Fund Size (as of 5/31/2016): $758.4mFund Began: 1/22/1990Manager: Brown/SaundersManager Tenure: 2006/2006

Family & Address:Prudential Investments LLCGateway Center Three100 Mulberry Street, 4th FloorNewark, NJ 07102-4077

FEES & EXPENSES



Top Holdings (as of 04/30/2016)Schlumberger NV ORD 4.40%Concho Resources Inc ORD 4.31%Halliburton Co ORD 3.58%Noble Energy Inc ORD 3.29%EOG Resources Inc ORD 3.29%Prudential Core Ultra Short Bond Fund 2.88%Randgold Resources Ltd DR 2.83%Suncor Energy Inc ORD 2.82%Occidental Petroleum Corp ORD 2.77%Anadarko Petroleum Corp ORD 2.64%




*The benchmark for this fund is Lipper Glbl Nat Res IX

Prices of equity securities change in response to many factors, including the company’s earnings, net assetvalues, economic conditions, investor perceptions, and liquidity. Sector funds may be more volatile than fundsthat diversify across sectors or industries.



SAVINGS PLAN

23

Your Plan’s Fund Lineup PerformanceThe Registered Fixed Account of the Gold Track Select Fund credited rate is 3.00%.

NET INVESTMENT PERFORMANCE

Vanguard Prime MM;Inv 06/04/75 0.20% 0.24% 0.09% 0.06% 1.13% 5.18% 0.16%

Ave Maria Bond 05/01/03 4.15% 4.33% 3.59% 3.70% 4.83% 4.36% 0.51%

Dodge & Cox Income 01/03/89 5.06% 4.35% 3.95% 3.98% 5.52% 7.00% 0.43%

Loomis Sayles:Bond;Inst 05/16/91 6.41% 1.18% 2.91% 4.28% 6.48% 9.23% 0.64%

Templeton Gl Bond;Adv 01/02/97 -0.27% -4.25% 0.39% 1.60% 6.84% 7.00% 0.66%

T Rowe Price Ret:2010;A 10/31/03 4.52% 1.98% 5.52% 5.43% 5.25% 6.08% 0.83%

T Rowe Price Ret:Bal;A 10/31/03 4.08% 1.67% 4.48% 4.45% 4.83% 5.20% 0.81%

T Rowe Price Ret:2020;A 10/31/03 3.32% 0.30% 6.62% 6.56% 5.66% 6.72% 0.91%

T Rowe Price Ret:2030;A 10/31/03 2.26% -1.22% 7.40% 7.32% 5.85% 7.15% 0.97%

T Rowe Price Ret:2040;A 10/31/03 1.24% -2.49% 7.66% 7.62% 5.95% 7.23% 1%

T Rowe Price Ret:2050;A 12/29/06 1.26% -2.51% 7.68% 7.65% N/A 5.01% 1%

LKCM:Aquinas Value 01/03/94 1.38% -4.82% 5.50% 7.54% 5.97% 6.91% 1.55%

MFS Value;R4 04/01/05 6.75% 4.85% 10.99% 11.93% 7.57% 7.80% 0.65%

Sentinel:Common Stk;I 05/04/07 3.68% 2.92% 9.86% 10.63% N/A 6.26% 0.71%

SSgA:S&P 500 Index;N 12/30/92 3.73% 3.89% 11.48% 11.96% 7.28% 8.88% 0.19%

JPMorgan:LgCp Gro;A 02/22/94 -7.16% -6.44% 10.55% 9.47% 8.20% 7.43% 1.24%

LKCM:Aquinas Growth 01/03/94 1.63% 0.75% 7.69% 6.96% 6.13% 7.07% 1.66%

J Hancock III:DVMC;R2 03/01/12 3.03% 2.03% 12.15% N/A N/A 13.72% 1.27%

Vanguard Sm-Cp Idx;Adm 11/13/00 5.01% -2.89% 8.93% 9.89% 7.75% 8.47% 0.08%

Baron Growth;Rtl 12/31/94 3.57% -4.18% 7.44% 8.94% 6.99% 12.64% 1.29%

American Funds EuPc;R-4 06/07/02 -2.78% -9.87% 3.40% 2.13% 3.60% 6.83% 0.85%

Oppenheimer Dev Mkts;Y 09/07/05 3.80% -10.12% -1.20% -1.30% 6.52% 7.71% 1.06%

Voya:Glbl RE;W 02/12/08 6.49% 8.63% 7.10% 6.69% N/A 4.24% 1.01%

Pru Jenn Natural Res;A 01/22/90 22.20% -9.91% -7.75% -9.53% -0.53% 8.24% 1.22%

Current performance may be lower or higher than the performance quoted in the previous

pages. Each mutual fund share class is indicated in parentheses next to the mutual fund

name, if applicable. All mutual funds offered in the plan will be purchased at net asset

value. To access the most current information about your own plan account and the most

recent month-end performance data go to: mlr.metlife.com/fundinformation/

fundperformance.

The Average Annual Total Returns assume a steady compounded rate of return. It is not

the mutual fund's year-by-year results, which actually vary over the periods shown. All

distributions are assumed to be reinvested. The one, five and ten-year or since inception

Average Annual Total Return figures shown above are required by the Securities Exchange

Commission to advertise performance for mutual funds. The three-year figure is calculated

in the same manner and is shown as additional information. These returns reflect

performance of shares at net asset value, with no sales charges. Other fees and expenses

do apply to a continued investment and are described in the current prospectus. The Year

to Date Return is calculated in the same manner as the Average Annual Total Return and

represents the return from the first of the year to the date of this performance sheet.

The figures shown reflect past performance, which is not a guarantee of future results. The

investment return and principal value of an investment will fluctuate and shares, when

redeemed, may be worth more or less than their original cost. There is no assurance a

mutual fund will attain its investment objective. Amounts in the mutual funds are subject

2001130-3608769-10768310


24

to risk of loss, and you will have a gain or loss when shares are redeemed.


SAVINGS PLAN

25

Fee DisclosureAbout Your Mutual Fund Select Portfolios (“MFSP”) Account: MFSP is a programthat MetLife makes available to participants in retirement plans and deferred compensationarrangements that are permitted to invest their plan accounts in mutual fund shares. Youremployer or a third party appointed by your employer (other than MetLife) selects themutual funds (each a “Fund”) that are offered as investment options under its plan. TheFunds may also be offered with a fixed annuity account option issued by MetLife InsuranceCompany USA, 11225 North Community House Road, Charlotte, NC 28277 orMetropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166. Securitiesdistributed by MetLife Investors Distribution Company (MLIDC) (member FINRA). Allcompanies are affiliates.

Mutual funds and fixed account annuity products that are subject to a marketvalue adjustment are sold by prospectus, which is available from yourregistered representative. Please carefully consider investment objectives, risks,charges, and expenses before investing. For this and other information aboutany mutual fund investment or the fixed annuities that are subject to marketvalue adjustment, please obtain a prospectus and read it carefully before youinvest. Investment return and principal value will fluctuate with changes in marketconditions such that mutual fund shares may be worth more or less than original costwhen redeemed. Withdrawals from the annuity are also subject to withdrawal charges.

Your Expenses for Investing in the MFSP Funds: You pay Fund investmentmanagement fees, other expenses, 12b-1 fees and redemption fees (if any) on each Fundin your plan MFSP account. These fees and expenses vary by the Fund. Please refer to eachFund’s prospectus for a description of these fees and expenses.

MetLife Compensation Received From the Funds: MetLife and/or its affiliates alsoreceive compensation from the Funds and/or their affiliates with respect to participantaccount balances for certain recordkeeping, administration and distribution services, whichalso vary by Fund. Different Funds provide MetLife and/or its affiliates different amountsand types of compensation, which change from time to time. Accordingly, compensationreceived by MetLife varies over time based on the amounts and types of compensation paidby the Funds, Funds that are made available under the plan and participants’ accountallocations in the various Funds. MetLife may pay all or a portion of such compensation tounaffiliated broker dealer, MSI Financial Services, for certain services provided on MetLife’sbehalf.

Plan Administrative Fees and Other Expenses Paid by You and/or the Plan:MetLife receives compensation for administrative and recordkeeping services it provides forthe plan. Depending on the arrangement authorized by your employer, MetLife’scompensation for these services (1) consists of (a) the compensation it receives from Funds(described above), (b) a separate per participant fee or basis point fee on plan assets, or (c)a combination of both; and (2) generally, is paid by charging participants’ plan accounts orfrom the plan expense account. At the employer’s direction, MetLife also may be requiredto charge participants’ plan accounts or the plan expense account and remit fees to thirdparties for plan services they provide, such as administrative, trust, custodial, investmentadvisory, or consulting services they provide. Please see below for additional informationabout the way that plan administrative fees and other expenses are paid by you and/or theplan.

An annual plan administrative fee of 22 basis points (or 0.22%) on Fund assets in your plan

account will be charged to your MFSP account in quarterly installments. In addition, for the

services it provides, MetLife retains the Fund compensation that it receives with respect to

the plan assets. If your employer directs MetLife to pay fees that are charged by other third

2001130-3608769-10768310


26

parties for the services they provide to the plan, the annual plan administrative fee may be

increased and/or the Fund compensation retained by MetLife may be net of such payments.

If you participate in the Triple Solutions Program, you may be charged a fee by the Advised

Asset Group, LLC ("AAG"). There is no fee for the Online Guidance feature. The Online Advice

feature is available for an annual fee of $25.00, which is deducted from your MFSP account in

quarterly installments of $6.25, and of which $10.00 is remitted to MetLife for services it

provides to AAG. The Managed Account service is available for an annual fee of 0.38% of

your MFSP account, which is deducted in quarterly installments of 0.095% of your MFSP

account, of which 0.15% is remitted to MetLife.

Reliance Trust Company (RTC) provides directed trust and/or custodial services for your plan.

Your employer has authorized and directed MetLife to pay RTC’s fee on behalf of the plan.

The fee is paid from the Fund compensation that MetLife receives with respect to plan assets

or from administrative fees charged to participants’ MFSP accounts or to the plan.

If these fees change, you will be notified.

Upon written request, MetLife will provide the current rates of compensation for Funds in your

plan and any related information reasonably requested. Please direct any such request to

MetLife Resources, Client Services, 11225 North Community House Road, Suite 10.282,

Charlotte, NC 28277. Please make sure you understand all the fees and expenses related to

the investment of your MFSP account in the Funds. If you need additional information, please

contact MetLife at the address indicated above.

Disclosure Materials: You have received a Fund Fact Sheet regarding each MFSP Fund

available in your plan. If your plan offers a fixed annuity that is subject to a market value

adjustment, you have been provided a prospectus for that product. You will also be provided

with a prospectus for each MFSP Fund when your contribution is first allocated to that Fund.

Withdrawals from the annuity are also subject to withdrawal charges. If you would like to

receive other prospectuses (or any other disclosure information), please call your MSI Financial

Services representative.

Important Enrollment Disclosures

Mutual Fund Select Portfolios Disclosure Statement

About Your MFSP Account:MFSP is a program that Metropolitan Life Insurance Company and its

affiliates (�MetLife�) make available to participants in retirement plans and deferred compensation

arrangements that are permitted to invest their plan accounts in mutual fund shares. Your employer or

a third party appointed by your employer (other than MetLife or any of its affiliates) selects the mutual

funds (�Funds�) that are offered as investment options under its plan. The Funds may also be offered

with a fixed annuity account options issued by MetLife Insurance Company USA or Metropolitan Life

Insurance Company.

Investment Risks: Mutual funds are sold by prospectus, which is available from your registered

representative. Please carefully consider investment objectives, risks, charges, and expenses before

investing. For this and other information about any mutual fund investment, please obtain a

prospectus and read it carefully before you invest. Investment return and principal value will fluctuate

with changes in market conditions such that mutual fund shares may be worth more or less than

original cost when redeemed.

Your Expenses for Investing in the MFSP Funds: You pay Fund investment management fees, other

expenses, 12b 1 fees and redemption fees (if any) on each mutual fund investment in your plan MFSP

account. These fees and expenses vary by the Fund. Please refer to each Fund�s prospectus for a

description of these fees and expenses.

MetLife Compensation Received From the Funds:Metropolitan Life Insurance Company and/or its

affiliates also receive compensation from the Funds and/or their affiliates with respect to participants

account balances for certain recordkeeping, administration and distribution services, which also vary by

Fund. Different Funds provide MetLife and/or its affiliates different compensation. Therefore, this

compensation may vary over time based on the Funds that are made available under the plan and

participants� account allocations in the various Funds. MetLife may pay all or a portion of such

compensation to unaffiliated broker dealer, MSI Financial Services, for certain services provided on

MetLife�s behalf. Upon written request, MetLife will provide the current rates of compensation for

Funds in your plan and any related information reasonably requested. Please direct any such request to

MetLife Resources, Client Services, 11225 North Community House Road, Suite 10.282, Charlotte, NC

28277. Please make sure you understand all the fees and expenses related to the investment of your

MFSP account in the Funds. If you need additional information, please contact MetLife at the address

indicated above.

Plan Expense Account: Your employer may establish an account under your plan for the payment of

plan expenses. Depending on the arrangement authorized by your employer, MetLife may credit this

account with all or a portion of the compensation it receives from MFSP Funds (described in the

preceding paragraph).

2001130-3608769-10768310

Plan Administrative Fees and Other Expenses Paid by You and/or the Plan:MetLife receives

compensation for administrative and recordkeeping services it provides for the plan. Depending on the

arrangement authorized by your employer, MetLife�s compensation for these services (1) consists of (a)

the compensation it receives from Funds (described above), (b) a separate per participant fee or basis

point fee on plan assets, or (c) a combination of both; and (2) generally, is paid by charging participants�

plan accounts, or, at the employer�s direction, from the plan expense account. At the employer�s

direction, MetLife also may be required to charge participants� plan accounts or the plan expense

account and remit fees to third parties for plan services they provide, such as administrative, trust,

custodial, investment advisory, or consulting services.

For information about your plan�s fee arrangement with MetLife, please see theMutual Fund Select

Portfolios Disclosure Statement that has been prepared specifically for your plan, which is included in

the Enrollment book or can be obtained from the representative or your employer.

Investment Instructions: You may give investment instructions on any Business Day (which usually

includes all days the New York Stock Exchange is open). You must call the Service Center on the

telephone number listed on your quarterly statement before 4:00 p.m. Eastern Time (or the earlier close

of regular trading on the NYSE) in order for us to process your investment instructions on the same

Business Day. Any investment instructions received in good order after that time will be processed on

the next Business Day. In addition, your plan may impose additional restrictions on investment

transactions.

Investment Advice/Recommendations: Neither MetLife, nor any of its employees or agents, will

provide investment recommendations or give investment advice of any kind in regard to your plan MFSP

account. By signing the Enrollment Form, you confirm that no MetLife employee or agent made any

investment recommendations or gave any investment advice of any kind. If you�re interested in asset

allocation services, please ask your representative.

Prospectus: You have been provided a fund fact sheet or prospectus for each of the MFSP Funds

available in your plan. If you allocate plan contributions or transfer any part of your plan account into a

Fund for which you do not have an account balance, you will be provided a prospectus for that Fund.

Whenever you want a prospectus (or any other disclosure information), please call your representative.

Securities are distributed by MetLife Investors Distribution Company (MLIDC) (member FINRA).

Annuities are issued by MetLIfe Insurance Company USA, Charlotte, NC 28277 or Metropolitan Life

Insurance Company (MLIC), New York, NY 10166. All are MetLife companies.

Our Privacy Notice

We know that you buy our products and services because you trust us. This notice explains how we protect your privacy and treat yourpersonal information. It applies to current and former customers. “Personal information” here means anything we know about you personally.

SECTION I - Protecting Your Information

We take important steps to protect your personal information. We treat it as confidential. We tell our employees to take care in handling it. We limit access to those who need it to perform their jobs. Our outside service providers must also protect it, and use it only to meet our business needs. We also take steps to protect our systems from unauthorized access. We comply with all laws that apply to us.

SECTION II - Collecting Your Information

We typically collect your name, address, age, and other relevant information. For example, we may ask about your:

n finances

n creditworthiness

n employment

n health

We may also collect information about any business you have with us, our affiliates, or other companies. Our affiliates include life, car, and home insurers. They also include a legal plans company, and securities broker-dealers. In the future, we may also have affiliates in other businesses.

SECTION III - How We Get Your Information

We get your personal information mostly from you. We may also use outside sources to help ensure our records are correct and complete. These sources may include consumer reporting agencies, employers, other financial institutions, adult relatives, and others. These sources may give us reports or share what they know with others. We don’t control the accuracy of information outside sources give us. If you want to make any changes to information we receive from others about you, you must contact those sources.

SECTION IV - Using Your Information

We collect your personal information to help us decide if you’re eligible for our products or services. We may also need it to verify identities to help deter fraud, money laundering, or other crimes. How we use this information depends on what products and services you have or want from us. It also depends on what laws apply to those products and services. For example, we may also use your information to:

n administer your products and services

n process claims and other transactions

n perform business research

n confirm or correct your information

n market new products to you

n help us run our business

n comply with applicable laws

SECTION V - Sharing Your Information With Others

We may share your personal information with others with your consent, by agreement, or as permitted or required by law. For example, we may share your information with businesses hired to carry out services for us. We may also share it with our affiliated or unaffiliated business partners through joint marketing agreements. In those situations, we may share your information to jointly offer you products and services or have others offer you products and services we endorse or sponsor. Before sharing your information with any affiliate or joint marketing partner for their own marketing purposes, however, we will first notify you and give you an opportunity to opt out.

Other reasons we may share your information include:

n doing what a court, law enforcement, or government agency requires us to do (for example, complying with search warrants or subpoenas)

n telling another company what we know about you if we are selling or merging any part of our business

n giving information to a governmental agency so it can decide if you are eligible for public benefits

n giving your information to someone with a legal interest in your assets (for example, creditor with a lien on your account)

n giving your information to your health care provider

CPN-IB-MLR (11/14) Page 1 Fs

2001130-3608769-10768310

SECTION VI - Accessing and Correcting Your Information

You may ask us for a copy of the personal information we have about you. Generally, we will provide it as long as it is reasonably retrievable and within our control. You must make your request in writing listing the account or policy numbers with the information you want to access. For legal reasons, we may not show you anything we learned as part of a claim or lawsuit, unless required by law.

If you tell us that what we know about you is incorrect, we will review it. If we agree, we will update our records. Otherwise, you may dispute our findings in writing, and we will include your statement whenever we give your disputed information to anyone outside MetLife.

SECTION VII - Questions

We want you to understand how we protect your privacy. If you have any questions about this notice, please contact us. When you write, include your name, address, and policy or account number.

Send privacy questions to:

MetLife Privacy Office P. O. Box 489 Warwick, RI 02887-9954 [email protected]

We may revise this privacy notice. If we make any material changes, we will notify you as required by law. We provide this privacy notice to you on behalf of these MetLife companies:

Metropolitan Life Insurance Company MetLife Investors Distribution Company MetLife Insurance Company USA MetLife Associates, LLC

CPN-IB-MLR (11/14) Page 2 Fs

n those listed in our “Using Your Information” section above

HIPAA We will not share your health information with any other company – even one of our affiliates – for their own marketing purposes. If you have dental, long term care, or medical insurance from us, the Health Insurance Portability and Accountability Act (“HIPAA”) may further limit how we may use and share your information.

MetLife and its affiliated insurance companies and broker-dealers are committed to helping you select an appropriate product based on your financial needs and stated investment objectives.

Your representative is an employee of a MetLife Company.

Your Representative is authorized to offer and sell products to you that are either issued or distributed by Metropolitan Life Insurance Company or certain of MetLife's affiliated insurance companies, or offered through one of MetLife's affiliated entities that is registered as a broker-dealer with whom you have an account relationship (each, a "MetLife Company" and, together, the "MetLife Companies").* Products from the MetLife Companies include fixed life insurance and annuities, property, casualty, and health insurance, variable annuities, and variable life insurance ("MetLife Products"). Your Representative also may be authorized to offer you certain products, including insurance, annuities, and mutual funds, issued by companies other than the MetLife Companies ("non-MetLife products").

Your Representative acts on behalf of the MetLife Companies in connection with the offer and sale of MetLife Products to you. He or she acts on behalf of a company other than MetLife in connection with the sale of non-MetLife products. Your Representative also may service your mutual funds, securities or insurance products on behalf of the company issuing the product.

Your Representative is compensated by a MetLife Company for sale, renewal and servicing of MetLife Products and certain authorized non-MetLife products. This compensation includes base commissions and other forms of compensation that may vary from product to product and by the amount of the purchase payment made by you. You should be aware that the amount of his or her compensation may increase in part based upon the relative amount of MetLife Products and certain non-MetLife products that he or she sells during a set period. He or she also is eligible for additional cash compensation (such as medical, retirement and other benefits) and non-cash compensation (such as conferences and sales support services) based on his or her sales of MetLife Products, certain authorized non-MetLife products, and overall sales and productivity. Your Representative may also receive compensation for the sale, renewal and servicing of authorized non-MetLife products directly from the issuing company. In some instances, MetLife Companies may also pay for expenses incurred by Representatives in connection with events for clients and prospects, training and education opportunities, and other miscellaneous expenses.

MetLife receives compensation for non-MetLife Products sold by your Representative. This compensation will vary based upon an agreement between a MetLife Company and the issuing company and may include a bonus feature or a marketing allowance,

which may be used in some instances to offset expenses associated with conducting due diligence on the company and its products, and hosting training and education, or recognition, conferences.

Additionally, sales management is compensated for MetLife Products and approved non-MetLife Products that are sold by your Representative through MetLife. Generally, this compensation is aligned with that of your Representative, as noted above.

The services provided by your Representative may include:

n Discussing your current financial condition, goals and objectives;

n Gathering relevant financial information;

n Analyzing your financial situation (including among other things your needs, goals, risk tolerance, investment experience and time horizon) in order to determine appropriate strategies and recommendations of suitable investment or insurance products;

n Making recommendations regarding asset allocation;

n Making recommendations involving investment repositioning;

n Implementing these recommendations; and

n Reviewing your progress against your financial goals and objectives.

These services are not investment advisory or financial planning services subject to the Investment Advisors Act of 1940. If you are interested in such services, ask your Representative. Your Representative may be able to provide investment advisory or financial planning services. Before receiving those services, however, you will be provided with an additional disclosure and enter into a separate written agreement regarding those services as required by the Investment Advisors Act of 1940.

In addition to your Representative, certain independent brokers and agents sell products through an association with a MetLife sales office. They are compensated by a MetLife Company for the sale, renewal and servicing of MetLife Products. Those brokers and agents may receive increased compensation based upon the amount of MetLife Products sold during a set period. If you purchased your MetLife Product through the MetLife Auto & Home Group Insurance Program we may also pay an agent or broker representing the employer/organization participating in the Group Insurance Program for the sale and renewal of MetLife Products. We may also pay your employer or association or a third party acting on their or our behalf for the administration and service they provide related to the Group Insurance Program. Administration and services may include payroll administration.

Compensation Disclosure Notice

LEAVE WITH APPLICANT

COMPDISC-ID (07/16)

1 of 1

Fs

* The following are the MetLife Companies whose products your Representative may be authorized to sell: Metropolitan Life Insurance Company, Metropolitan Property and Casualty Insurance Company, Metropolitan Casualty Insurance Company, Metropolitan General Insurance Company, Metropolitan Direct Property and Casualty Insurance Company, Metropolitan Group Property and Casualty Insurance Company, Metropolitan Lloyds Insurance Company of Texas, Economy Fire & Casualty Company, Economy Preferred Insurance Company,Economy Premier Assurance Company, First MetLife Investors Insurance Company, MetLife Insurance Company USA, New England Life Insurance Company, General American Life Insurance Company, and MetLife Investors Distribution Company. For more information, please refer to www.metlife.com.

2001130-3608769-10768310


32

More than Just Retirement SavingsMetLife¹ is known for products like life insurance that can help to protect your family.

We're also one of the nation's leading providers of employee benefits. But you may not be

aware that we also offer a wide array of other products and services that can help you and

your family achieve your financial goals. They include:

• Life Insurance

• Auto & Home Insurance*

• Annuities**

• Mutual Funds**

• IRAs

• Estate Conservation/Analysis

• Financial Planning***

Contact your representative for more information about any of these topics.¹ Metropolitan Life Insurance Company and affiliates.

* Offered by Metropolitan Property and Casualty Insurance Company and its Affiliates, Warwick, RI.

** Securities, including variable products, are distributed by MetLife Investors Distribution Company (MLIDC)

(member FINRA).

*** Fee-based Financial Planning services may be offered only by qualified Financial Planners of MSI Financial

Services (an affiliate of Mass Mutual), a Broker/Dealer (member FINRA/SIPC), and a Registered Investment

Adviser.

Life insurance and annuities issued by Metropolitan Life Insurance Company, New York, NY 10166.

Access Your Retirement Account

To help monitor and manage your plan account, you can obtain information and make transactions virtually

24 hours a day, 7 days a week*.

You may access your account in two ways:

• Log onto mlr.metlife.com • Call 1-800-543-2520

Through either the website or the toll-free telephone number, you can obtain:

• Account balance

• Contribution amount (deferral amount)

• Contribution history

• Current allocations

• Transfer history

• Monthly mutual fund performance

• Fund fact sheets

You can also:

• Use the financial calculators

• Redirect future contributions

• Rebalance investments

• Change Personal Identification Number (PIN)

• Opt in to receive paperless, electronic account

documents

In addition, you can speak to a Client Service Representative, Monday through Friday from 9:00 a.m. to 8:00

p.m. (Eastern Time).

THE ROMAN CATHOLIC DIOCESE OF CHARLOTTE RETIREMENT SAVINGS

PLAN

ON YOUR FUTURE

This enrollment brochure is not intended to be a summary of your plan's provisions. It only includes highlights ofcertain plan provisions. The plan document governs the terms of the plan and is available from your employer.Your employer may also provide a summary plan description. In general, if any conflicts occur between thismaterial and the plan documents provided by your employer, the plan documents provided by your employer willgovern.

Any discussion of taxes is for general informational purposes only, does not purport to be complete or cover everysituation, and should not be construed as legal, tax or accounting advice. Clients should confer with their qualifiedlegal, tax and accounting advisors as appropriate.

The information in this brochure is for informational purposes only and shall not be construed as an offer, orsolicitation of an offer, to purchase any securities or variable insurance products, or a recommendation to buy, sellor hold any securities or participate in any investment advisory program or service. Nothing in this brochure isintended to target any particular individual or analyze the financial condition of any particular individual forsuitability to transact in any securities or participate in any investment advisory programs. Please consult with afinancial professional and your independent tax advisor, review all applicable offering documents and disclosuresfor risks and applicable fees, charges and expenses, and consider your own financial conditions, risk tolerance,investment objectives and time horizon before investing.

Mutual Funds are sold by prospectus only, which is available from your registered representative.Please carefully consider investment objectives, risks, charges, and expenses before investing. Forthis and other information about any mutual fund investment please obtain a prospectus and readit carefully before you invest. Investment return and principal value will fluctuate with changes inmarket conditions such that shares may be worth more or less than original cost when redeemed.Diversification cannot eliminate the risk of investment losses, and past mutual fund performance isnot a guarantee of future results.

MetLife Resources (MLR) is a division of Metropolitan Life Insurance Company (MLIC), 200 Park Avenue, NewYork, NY 10166. Securities, including variable products, are distributed by MetLife Investors Distribution Company(MLIDC) (member FINRA). Both are MetLife companies.

MLR19000501000-1 L1015440264[exp0717] [All States] [DC]

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