YOUR GUIDE TO GETTING STARTED - Fidelity … GUIDE TO GETTING STARTED ... Þnancial hardship. As deÞ ned by your Plan, ... conservative to more aggressive funds. You

YOUR GUIDE TO GETTING STARTED

Purdue UniversityStandard Retirement and Savings Plan

Invest in your retirement—and yourself—today, with help from

the Purdue University Retirement Program and Fidelity.

Purdue University Retirement Programs at a glance

Purdue Standard Retirement and Savings Plans

Voluntary Plans (TDA)

403(b) Defined Contribution

Base Plan

401(a) Defined Contribution Mandatory

Retirement Plan


Voluntary Retirement Savings Plan


Voluntary Retirement Savings Plan

Plan Numbers 84808 84810 84829 84830

Eligibility Faculty andmanagement/professional staff are immediately eligible foremployer contributions.Administrative/professional andsupervisory staff,continuing lecturers, andCooperative Extensioneducators are eligible foremployer contributionsafter three years ofservice in an eligibleposition.

Faculty, management/ professional,administrative/professional and supervisory staff participate immediately.

All employees areeligible upon hire tomake voluntary contributions.

All employees areeligible upon hire tomake voluntary contributions.

Contribution Amounts

An employer contribu-tion of 10% of your annual pretax salary, plussummer earnings foracademic yearemployees.

4% of your annual pretaxsalary, plus summer earnings for academic yearemployees.

Up to $18,000 for 2017, and if you will turn 50 or older in this calendar year, you can make an additional $6,000 contri-bution; between 1% and 85% of your pretax salary

Up to $18,000 for 2017, and if you will turn 50 or older in this calendar year, you can make an additional $6,000 contri-bution; between 1% and 85% of your pretax salary

Contribution Types Employer contributionsonly

Mandatory 4%employee contribution

Voluntary employeecontributions

Voluntary employeecontributions

Roth Contribution Option

No No Yes No

Vesting Once you begin participating in any one of the Purdue University retirement plans, you are 100% vested in the contributions and any earnings on them.

Loans No No Yes No

Rollovers: Non–Purdue University Assets

No No Yes. All rollovers are directed into your Purdue University403(b) Voluntary Plan.

No

Investment Options For a complete listing of your investment option lineup, please review the following pages of this guide.

Enrollment Contributions will beestablished by Purdue,you do not need tochoose a deferralamount, but must stillchoose your investmentallocations anddesignate a beneficiary.

Contributions will beestablished by Purdue,you do not need tochoose a deferralamount, but must stillchoose your investmentallocations and designatea beneficiary.

You can enrollanytime online athttp://netbenefits.com/purdue or by callingFidelity at1-800-343-0860.You will need to choosea deferral amount andmake investment andbeneficiary designations.

You can enrollanytime online athttp://netbenefits.com/purdue or by callingFidelity at1-800-343-0860.You will need to choosea deferral amount andmake investment andbeneficiary designations.

Withdrawals As defined by your Plan, withdrawalsfrom the Plan arepermitted underthese circumstances:termination andretirement.

As defined by your Plan, withdrawalsfrom the Plan arepermitted underthese circumstances:termination andretirement.

As defined by your Plan, withdrawals fromthe Plan are permittedunder thesecircumstances:termination, retirement,age 59½, and severe financial hardship.

As defined by your Plan, withdrawalsfrom the Plan arepermitted underthese circumstances:termination andretirement.

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Frequently asked questions about your plan.Here are answers to questions you may have about the key features, benefits, and rules of your plan.

BASICS TO HELP YOU NAVIGATEThis booklet is organized into these sections:

● Components of Your Plan● Establishing Your Retirement Accounts● More About Voluntary Retirement Savings● Frequently Asked Questions● Investment Options● Forms

COMPONENTS OF YOUR PURDUESTANDARD RETIREMENT AND SAVINGSPLAN

As a member of Purdue’s faculty,management, administrative, or professionalstaff, you are eligible to participate in a pairof defined contribution plans that areflexible, tax efficient and designed give youa good foundation for the years ahead. Youalso have the option to save through twovoluntary savings accounts (also definedcontribution plans).

Defined contribution plans allow you toaccumulate retirement savings throughoutyour working life. You can roll over eligiblesavings from a previous employer and/ortake your vested account balance with you ifyou leave the University.

The investment options available give youthe flexibility to select from a range of moreconservative to more aggressive funds. Youcan develop a well-diversified portfolio thatreflects your situation or you may be morecomfortable with a basic target-date fundthat provides a mix of investments suited toyour age and general retirement dateestimate.

The parts of the plan work together:

401(a) Defined Contribution MandatoryRetirement Savings (84810)

Immediately upon hire you will begin to savefor retirement through the 401(a) Mandatoryaccount. An amount equal to 4% of yoursalary will be deducted from your pay on apre-tax basis and transmitted to yourFidelity account.

Funds you contribute to the 401(a)Mandatory plan are immediately vested.

403(b) Defined Contribution Base Plan(84808)

The University will contribute 10% to the403(b) Defined Contribution Base Plan withcompletion of the three year waiting periodor immediately based on the position youhold. See the chart on the opposite page fora quick snapshot of the plans anddescription of eligibility.

Funds contributed by the University arevested immediately.

ESTABLISHING YOUR RETIREMENTACCOUNTS:

Take action:

1. Choose your investment allocations for:● Purdue’s 10% contribution● Your mandatory 4% contribution● Voluntary retirement savings

2. Choose your contribution amount for:● Voluntary retirement savings

3. Designate your beneficiaries for:● Purdue’s 10% contribution● Your mandatory 4% contribution● Voluntary retirement savings

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More help is available:

Your retirement program includes Fidelity’scustomer service and retirement planningconsultations. Confidential consultations areavailable by visiting Fidelity’s InvestorCenter* in the Purdue Memorial Union onthe West Lafayette campus. Or, you mayschedule an appointment during one ofFidelity’s visits to the Calumet, Fort Wayneor North Central campuses. Schedule yourconfidential consultation if you need helpwith:

● Finding the appropriate asset allocation foryour retirement program account(s)

● Enrolling in voluntary retirement savings

To schedule your confidential consultationgo to http://netbenefits.com/purdue, or callFidelity at 800-642-7131.

Help is available over the phone by callingthe Fidelity Retirement Benefits Line toll-freeat 800-343-0860. Representatives areavailable each business day from 8:30 a.m.to midnight Eastern time. Additionally, weencourage you to take advantage of thePurdue-dedicated Fidelity NetBenefits®

website, available athttp://netbenefits.com/purdue.

*Investor Center services are offered beyondyour employer sponsored retirement plan.

How do I enroll?

You can enroll online viahttp://netbenefits.com/purdue. After youhave reviewed all of your program’s details,and you’re ready to begin the enrollmentprocess, click Get Started.

How do I designate my beneficiary?

Fidelity’s online beneficiary service, availablethrough NetBenefits, offers astraightforward, convenient process thattakes just minutes. Simply log on to youraccount via http://netbenefits.com/purdueand click on Beneficiaries in the About Yousection of your profile.

What are my investment options?

To help you meet your investment goals, theplan offers you a range of options. You canselect a mix of investment options that bestsuits your goals, time horizon, and risktolerance. The numerous investment optionsavailable through the Plan includeconservative, moderately conservative, andaggressive funds. A complete description ofthe Plan’s investment options and theirperformance, as well as planning tools tohelp you choose an appropriate mix, areavailable online at Fidelity NetBenefits®, orby referring to the "Investment Options"section of this enrollment guide. You canchoose your investment allocations acrossall tiers that are offered in your Plan, and youcan reallocate your investment allocations asoften as you would like. If you havequestions regarding your investmentallocations, you may want to considerscheduling a confidential consultation. Youcan do so by going tohttp://netbenefits.com/purdue, or by calling800-642-7131.

What if I don’t make an investmentelection?

We encourage you to take an active role inthe Purdue Standard Retirement andSavings Plan and choose investment optionsthat best suit your goals, time horizon, andrisk tolerance. If you do not select specificinvestment options in the Plan, yourcontributions will be invested in theVanguard Institutional Target RetirementFund Institutional Shares with the targetretirement date closest to the year youmight retire, based on your current age andassuming a retirement age of 65, at thedirection of your Plan Sponsor. Please referto the chart in the Investment Optionssection or log on tohttp://netbenefits.com/purdue for moredetails. Lifecycle funds are designed forinvestors expecting to retire around the yearindicated in each fund’s name. Theinvestment risk of each lifecycle fundchanges over time as the fund’s asset

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allocation changes. The funds are subject tothe volatility of the financial markets,including equity and fixed incomeinvestments in the United States and abroadand may be subject to risks associated withinvesting in high yield, small cap,commodity-linked and foreign securities.Principal invested is not guaranteed at anytime, including at or after the fund’s targetdate.

MORE ABOUT VOLUNTARY RETIREMENTSAVINGS:

Give special consideration to your voluntaryretirement savings opportunity by investingsome of what you earn today to help withwhat you plan to accomplish tomorrow.Enrolling in the voluntary retirement savingsplan can make a difference in achieving yourgoals. You’ll benefit from convenience, asyour contributions are deductedautomatically and regularly from yourpaycheck, as well as see a tax savings now,since your pretax contributions arededucted from your pay before incometaxes are taken out. This means that youmay actually lower the amount of currentincome taxes withheld each period. It couldmean more money in your take-home payversus saving money in a taxable account.Additionally, you pay no taxes on anyearnings until you withdraw them from youraccount, enabling you to keep more of yourmoney working for you now.

Continue reading for details on how you canmaximize your savings - we encourage youto take advantage of everything yourprogram has to offer!

Why does Purdue offer both 403(b) and457(b) voluntary plans?

The University is able to expand theopportunities for faculty and staff to save byoffering both types of defined contributionplans. An individual can participate in bothplans at the same time. The IRS limits for the403(b) and 457(b) plans are calculatedseparately so participants can accumulate

more tax sheltered savings up to theseparate plan limits each year.

What is the difference between 403(b)and 457(b)?

Both are defined contribution plansestablished to allow faculty and staff todefer savings on a tax deferred basis; fundsgenerally cannot be withdrawn while theparticipants continues to work at theuniversity. After an employee retires orseparates, 457(b) participants may withdrawfunds at any age; a 403(b) voluntaryparticipant must be age 59½ beforewithdrawing funds without a penalty. See thechart in the front of this guide for differencesin withdrawal options between plans.

How much can I contribute to myvoluntary retirement savings plans?

Through automatic payroll deduction, youcan contribute between 1% and 85% of youreligible pay on a pretax basis, up to theannual IRS dollar limits. The total maximumcompensation that can be used forcontributions is $270,000.

What is the IRS contribution limit?

The IRS contribution limit for 2017 is $18,000for the 403(b) as well as $18,000 for the457(b).

What "catch-up" contribution can I make?

If you have reached age 50 or will reach 50during the calendar year January 1 –December 31 and are making the maximumplan or IRS pretax contribution, you maymake an additional “catch-up” contributioneach pay period. The maximum annualcatch-up contribution is $6,000. Goingforward, catch-up contribution limits will besubject to cost of living adjustments(COLAs) in $500 increments.

What is the Roth contribution option?

Your 403(b) Voluntary Retirement Savingsplan offers you a Roth contribution option.

A Roth contribution to your retirementsavings plan allows you to make after-tax

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contributions and take any associatedearnings completely tax free at retirement –as long as the distribution is a qualified one.A qualified distribution, in this case, is onethat is taken at least five tax years after yourfirst Roth 403(b) contribution and after youhave attained age 59½.

When is my enrollment effective?

For your voluntary savings, your enrollmentbecomes effective once you elect a deferralpercentage into the voluntary retirementsavings plans, which initiates deduction ofyour contributions from your pay. It may takeone to two pay periods for your contributionto begin.

FREQUENTLY ASKED QUESTIONS:

When am I vested?

Once you begin participating in any one ofthe Purdue University Retirement plans, youare 100% vested in the contributions andany earnings on them.

Can I make withdrawals from my account?

403(b) Defined Contribution Retirement Plan

● Full or partial payout upon separation fromservice or retirement

● No hardship withdrawal● No age 59½ withdrawal

401(a) Mandatory Retirement Plan


● No hardship withdrawal● No age 59½ withdrawal

403(b) Voluntary Retirement Savings Plan


● Age 59½ withdrawal● Rollover withdrawal● Qualified reservist distribution – Plan

Sponsor approved● Heroes Earnings Assistance & Relief Tax Act

Withdrawal (HEART)● Hardship withdrawal – Plan Sponsor

directed

457(b) Voluntary Retirement Savings Plan


● Small account balance withdrawal by form –total amount of the participant’s benefitunder the plan does not exceed $5,000

With regard to your 401(a) plan or 403(b)Plan, the taxable portion of your withdrawalthat is eligible for rollover into an individualretirement account (IRA) or anotheremployer’s retirement plan is subject to 20%mandatory federal income tax withholding,unless it is rolled directly over to an IRA oranother employer plan. (You may owe moreor less when you file your income taxes.) Ifyou are under age 59½, the taxable portionof your withdrawal is also subject to a 10%early withdrawal penalty, unless you qualifyfor an exception to this rule.

Any assets distributed from yourgovernmental 457(b) plan will be taxed asordinary income in the year withdrawn; if youare under age 59½ at the time of thedistribution, a 10% early withdrawal penaltymay apply to any amounts which were rolledinto the plan from an IRA or a plan otherthan another governmental 457(b) plan. Ifthe distribution is eligible to be rolled over,but is not directly rolled over to an eligibleplan or IRA, 20% mandatory withholding offederal income tax applies. Federal incometax will not be withheld if an eligible plan-to-plan transfer is made to another employer’s457(b) plan that accepts the transfer.

Can I take a loan from my account?

Loans are only allowed on your PurdueUniversity 403(b) Voluntary RetirementSavings Plan. Although your plan account isintended for the future, you may borrowfrom your account for any reason.

To learn more about or request a loan, logon to http://netbenefits.com/purdue or callthe Fidelity Retirement Benefits Line at800-343-0860.

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Can I move money from anotherretirement plan into my account in thePurdue University Defined ContributionPlan?

You are permitted to roll over to the 403(b)Voluntary Plan eligible pretax contributionsfrom a 401(k) plan, another 403(b) plan or agovernmental 457(b) retirement planaccount or eligible pretax contributions fromconduit individual retirement accounts(IRAs). A conduit IRA is one that containsonly money rolled over from an employer-sponsored retirement plan that has not beenmixed with regular IRA contributions.

Be sure to consider all your availableoptions and the applicable fees andfeatures of each before moving yourretirement assets.

How do I transfer an account fromanother financial provider?

You can schedule a confidential consultationby going to http://netbenefits.com/purdue,or by calling 800-642-7131.

You can also obtain transfer paperwork bygoing online to www.fidelity.com, clicking onCustomer Service at the top of your screen,and then on Find a Form, which appears onthe left.

How do I access my account?

You can access your account online throughFidelity NetBenefits® athttp://netbenefits.com/purdue or call theFidelity Retirement Benefits Line athttp://netbenefits.com/purdue to speak witha representative or use the automated voiceresponse system, 24 hours, 7 days a week.

Fees on Your Retirement Account

Fee information below was provided byUniversity. Fidelity Investments is notresponsible for its content.

Retirement plan fees generally fall into threemajor categories—administrative fees,investment management fees, andindividual service fees.

Plan Administrative Fees— As determinedthrough a competitive bidding process,Fidelity will charge participants a flatquarterly administrative fee for $19 or $76annually, regardless of the size of youraccount. This charge will appear on yourquarterly statement.

Asset Based Fees— In addition to thequarterly administrative fee charged byFidelity, you will be charged asset basedfees for the funds you have selected. Thesefees are passed along to you in the form of acharge that impacts your investment returns.When you enroll, you will be able to see andcompare the investment fees of each fundoffered in Purdue’s plan.

Individual Service Fees— In some cases,participants may be charged individualservice fees for specific transactions. Forexample, initiating a loan or conductingcertain transactions within the self-directedbrokerage account. Your quarterly accountstatement will list the aggregate feeamount.

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Investment OptionsHere is a list of investment options for the Purdue University RetirementProgram. For up-to-date performance information and other fund specifics,go to http://netbenefits.com/purdue.

Tier One: Target Retirement Date Funds

Placement of investment options within each risk spectrum is only in relation to the investment options within that specific spectrum. Placement does not reflect risk relative to the investmentoptions shown in the other risk spectrums.

ptions to the left have potentiallymore inflation risk and less investment risk

ptions to the right have potentially less inflation risk and more investment risk

LLifecycle Funds

Investment o Investment o

Vanguard Institutional Target Retirement

Income Fund Institutional Shares


2015 Fund Institutional Shares





















Target date investments are generally designed for investors expecting to retire around the year indicated in each investment‘sname. The investments are managed to gradually become more conservative over time. The investment risks of each target dateinvestment change over time as its asset allocation changes. They are subject to the volatility of the financial markets, includingequity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, smallcap and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.

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The chart below lists the assigned fund the Purdue University Retirement Program believes will bestfit your diversification needs should you not select an investment option.

Your Birth Date* Fund Name Target Retirement Years

Before 1943 Vanguard Institutional Target Retirement

Income Fund Institutional Shares

Retired before 2008

January 1, 1942 - December 31, 1945 Vanguard Institutional Target Retirement 2010

Fund Institutional Shares

Target Years 2007 - 2010




























January 1, 1991 and later* Vanguard Institutional Target Retirement 2060


Target Years 2056 and beyond

*Dates selected by Plan Sponsor

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Tier Two: Index Funds

ft have potentially more inflation risk and less investment risk less inflation risk and more investment risk

CCONSEERVVATIIVE AGGRESSIVE

Investment options to the le Investment options to the right have potentially

BOND STOCKS

Bond Domestic Equities International/Global

Diversified

Vanguard Total Bond Market Index FundInstitutional Shares

Inflation-Protected

Vanguard Inflation-Protected Securities FundInstitutional Shares

Large Blend

Vanguard Institutional Index Fund InstitutionalShares

Mid Blend

Vanguard Extended Market Index FundInstitutional Shares

Diversified

Vanguard FTSE All-World ex-US Index FundInstitutional Shares

This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of thegeneral investment categories of the investment options and not on the actual security holdings, which can change frequently.Investment options in the Domestic Equity category are based on the options’ Morningstar categories as of 07/31/2017.Morningstar categories are based on a fund’s style as measured by its underlying portfolio holdings over the past three years andmay change at any time. These style calculations do not represent the investment options’ objectives and do not predict theinvestment options’ future styles. Investment options are listed in alphabetical order within each investment category. Riskassociated with the investment options can vary significantly within each particular investment category, and the relative risk ofcategories may change under certain economic conditions. For a more complete discussion of risk associated with the mutual fundoptions, please read the prospectuses before making your investment decision. The spectrum does not represent actual or impliedperformance.

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tions Tier Three: Actively Managed Funds

ft have potentially more inflation risk and less investment risk less inflation risk and more investment risk

CCONSEERVVATIIVE AGGRESSIVE

Investment options to the le Investment options to the right have potentially

SHORT-TERMINVESTMENT BOND STOCKS

Stable Value Bond Domestic Equities International/Global Specialty

MetLife StableValue Option

Diversified

Voya IntermediateBond FundClass R6

High Yield

Harbor High-YieldBond FundInstitutional Class

Large Value

Dodge & CoxStock Fund

Large Blend

PRIMECAPOdysseyStock Fund

Mid Blend

CRM Small/MidCap Value FundClass Institutional

Large Growth

MFS MassachusettsInvestors GrowthStock FundClass R6

Mid Growth

Wells FargoDiscovery Fund -Class R6

Diversified

American FundsEuroPacific GrowthFund® Class R-6

American FundsNew PerspectiveFund® Class R-6

Dodge & CoxInternationalStock Fund

Emerging Markets

Lazard EmergingMarkets EquityPortfolioInstitutional Shares

Cohen & SteersInstitutional RealtyShares

This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of thegeneral investment categories of the investment options and not on the actual security holdings, which can change frequently.Investment options in the Domestic Equity category are based on the options’ Morningstar categories as of 07/31/2017.Morningstar categories are based on a fund’s style as measured by its underlying portfolio holdings over the past three years andmay change at any time. These style calculations do not represent the investment options’ objectives and do not predict theinvestment options’ future styles. Investment options are listed in alphabetical order within each investment category. Riskassociated with the investment options can vary significantly within each particular investment category, and the relative risk ofcategories may change under certain economic conditions. For a more complete discussion of risk associated with the mutual fundoptions, please read the prospectuses before making your investment decision. The spectrum does not represent actual or impliedperformance.

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Fidelity BrokerageLink®

Fidelity BrokerageLink® combines the convenience of your workplace retirement plan with the additional flexibility of a brokerage account. It gives you expanded investment choices to manage your retirement contributions.

e plan fiduciary neither evaluates nor monitors the investments available

you select are suitable for your situation, including your goals, time horizon, and risk tolerance. ee the fact sheet and commission schedule for applicablefees and risks.

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BrokerageLink® includes investments beyond those in your plan’s lineup

through BrokerageLink. It is your responsibility to ensure that the investments

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

Vanguard Institutional Target Retirement 2065 Fund Institutional Shares

VRS Code: 38995

Fund Objective: The investment seeks to provide capital appreciation and current income consistent with its current assetallocation.

Fund Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed forinvestors planning to retire and leave the workforce in or within a few years of 2065 (the target year). The fund’s asset allocationamong the underlying funds is as follows: Vanguard Total Stock Market Index Fund 54.0%; Vanguard Total International StockIndex Fund 36.0%; Vanguard Total Bond Market II Index Fund 7.0%; Vanguard Total International Bond Index Fund 3.0%.

Fund Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name.The funds are managed to gradually become more conservative over time as they approach their target date. The investmentrisk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financialmarkets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associatedwith investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at orafter their target dates. Additional risk information for this product may be found in the prospectus or other product materials,if available.

Fund short term trading fees: None

Who may want to invest:● Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to

accept the volatility of the markets.

● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or whodoes not feel comfortable making asset allocation choices over time.

Footnotes:● This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed

information about the fund.


VRS Code: 65223


Fund Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed forinvestors planning to retire and leave the workforce in or within a few years of 2015. As of March 31, 2017, its asset allocationamong the underlying funds was as follows: Vanguard Total Bond Market II Index Fund 31.6%; Vanguard Total Stock MarketIndex Fund 26.7%; Vanguard Total International Stock Index Fund 18.0%; Vanguard Total International Bond Index Fund 13.4%;Vanguard Short-Term Inflation-Protected Securities Index Fund 10.3%.



Who may want to invest:● Someone who is seeking an investment option intended for people in or very near retirement and who is willing to accept the

volatility of diversified investments in the market.


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VRS Code: 65224


Fund Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed forinvestors planning to retire and leave the workforce in or within a few years of 2020. As of March 31, 2017, its asset allocationamong the underlying funds was as follows: Vanguard Total Stock Market Index Fund 33.2%; Vanguard Total Bond Market IIIndex Fund 28.7%; Vanguard Total International Stock Index Fund 22.7%; Vanguard Total International Bond Index Fund 12.2%;Vanguard Short-Term Inflation-Protected Securities Index Fund 3.2%.









VRS Code: 65225


Fund Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed forinvestors planning to retire and leave the workforce in or within a few years of 2025 (the target year). As of March 31, 2017, thefund’s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 38.5%; VanguardTotal International Stock Index Fund 25.9%; Vanguard Total Bond Market II Index Fund 25.0%; Vanguard Total InternationalBond Index Fund 10.6%.








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VRS Code: 65226











VRS Code: 65227










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VRS Code: 65228


Fund Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed forinvestors planning to retire and leave the workforce in or within a few years of 2040 (the target year). As of March 31, 2017, thefund’s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 52.1%; VanguardTotal International Stock Index Fund 34.8%; Vanguard Total Bond Market II Index Fund 9.2%; Vanguard Total International BondIndex Fund 3.9%.









VRS Code: 65229










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VRS Code: 65230











VRS Code: 65231










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VRS Code: 65232










Vanguard Institutional Target Retirement Income Fund Institutional Shares

VRS Code: 65221

Fund Objective: The investment seeks to provide current income and some capital appreciation.

Fund Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed forinvestors currently in retirement. As of March 31, 2017, the fund’s asset allocation among the underlying funds was as follows:Vanguard Total Bond Market II Index Fund 37.3%; Vanguard Total Stock Market Index Fund 18.0%; Vanguard Short-TermInflation-Protected Securities Index Fund 16.8%; Vanguard Total International Bond Index Fund 15.9%; Vanguard TotalInternational Stock Index Fund 12.0%.

Fund Risk: The fund is subject to the volatility of the financial markets, including that of equity and fixed income investments.Fixed income investments carry issuer default and credit risk, inflation risk, and interest rate risk. (As interest rates rise, bondprices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Principal invested is notguaranteed at any time, including at or after retirement. Additional risk information for this product may be found in theprospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking an investment option intended for people in retirement and who is willing to accept the volatility of

diversified investments in the market.

● Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option and lookingprimarily for the potential for income and, secondarily, for share-price appreciation.



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Vanguard Extended Market Index Fund Institutional Shares

VRS Code: 47830

Fund Objective: The investment seeks to track a benchmark index that measures the investment return of small- and mid-capitalization stocks.

Fund Strategy: The fund employs an indexing investment approach designed to track the performance of S&P CompletionIndex, a broadly diversified index of stocks of small and mid-size U.S. companies. It invests by sampling the index, meaningthat it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of keycharacteristics. These characteristics include industry weightings and market capitalization, as well as certain financialmeasures, such as price/earnings ratio and dividend yield.

Fund Risk: Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile.Value stocks can continue to be undervalued by the market for long periods of time. The securities of smaller, less well-knowncompanies can be more volatile than those of larger companies. Stock markets are volatile and can decline significantly inresponse to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified inforeign markets. Additional risk information for this product may be found in the prospectus or other product materials, ifavailable.


Who may want to invest:● Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income.

● Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatilityof investments in smaller companies.



● The S&P Completion Index contains all of the U.S. common stocks regularly traded on the New York and American StockExchanges and the Nasdaq over-the-counter market, except those stocks included in the S&P 500 Index.

● The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actualinception of 07/07/1997. These calculated returns reflect the historical performance of the oldest share class of the fund, withan inception date of 12/21/1987, adjusted to reflect the fees and expenses of this share class (when this share class’s fees andexpenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjustedhistorical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied byother entities, including the fund itself.

Vanguard FTSE All-World ex-US Index Fund Institutional Shares

VRS Code: 19088

Fund Objective: The investment seeks to track the performance of a benchmark index that measures the investment return ofstocks of companies located in developed and emerging markets outside of the United States.

Fund Strategy: The fund employs an indexing investment approach designed to track the performance of the FTSE All-Worldex US Index, a float-adjusted, market-capitalization-weighted index designed to measure equity market performance ofinternational markets, excluding the United States. The index included 2,426 stocks of companies located in 46 countries,including both developed and emerging markets.

Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Value and growth stocks can perform differently from other types of stocks. Growthstocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock marketsare volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments. Additional risk information for this product may be found in the prospectus or other product materials, ifavailable.


Who may want to invest:● Someone who is seeking to complement a portfolio of domestic investments with international investments, which can

behave differently.

● Someone who is willing to accept the higher degree of risk associated with investing overseas.

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● The FTSE All-World ex US Index, a float-adjusted, market capitalization-weighted index designed to measure equity marketperformance of international markets, excluding the United States.


Vanguard Inflation-Protected Securities Fund Institutional Shares

VRS Code: 49231

Fund Objective: The investment seeks to provide inflation protection and income consistent with investment in inflation-indexed securities.

Fund Strategy: The fund invests at least 80% of its assets in inflation-indexed bonds issued by the U.S. government, itsagencies and instrumentalities, and corporations. It may invest in bonds of any maturity; however, its dollar-weighted averagematurity is expected to be in the range of 7 to 20 years. At a minimum, all bonds purchased by the fund will be ratedinvestment-grade or, if unrated, will be considered by the advisor to be investment-grade.

Fund Risk: The interest payments of TIPS are variable, they generally rise with inflation and fall with deflation. In general thebond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, andvice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation riskand credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have amaturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Additional riskinformation for this product may be found in the prospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking potential returns primarily in the form of interest dividends and who can tolerate more frequent

changes in the size of dividend distributions than those usually found with more conservative bond funds.

● Someone who is seeking to supplement his or her core fixed-income holdings with a bond investment that is tied to changesin inflation.



● Weighted average maturity (WAM) is the weighted average of all the maturities of the securities held in a fund. WAM formoney market funds can be used as a measure of sensitivity to interest rate changes. Generally, the longer the maturity, thegreater the sensitivity. WAM for money market funds is based on the dollar-weighted average length of time until principalpayments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shorteningdevices, such as demand features and interest rate resets. For bond funds, WAM can be used as a measure of sensitivity tothe markets. Generally, the longer the maturity, the greater the sensitivity. The WAM calculation for bond funds excludesinterest rate resets and only takes into account issuer call options if it is probable that the issuer of the instrument will takeadvantage of such options.


Vanguard Institutional Index Fund Institutional Shares

VRS Code: 93556

Fund Objective: The investment seeks to track the performance of a benchmark index that measures the investment return oflarge-capitalization stocks.

Fund Strategy: The fund employs an indexing investment approach designed to track the performance of the Standard &Poor’s 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of largeU.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocksthat make up the index, holding each stock in approximately the same proportion as its weighting in the index.

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Fund Risk: Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile.Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can declinesignificantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may bemagnified in foreign markets. Additional risk information for this product may be found in the prospectus or other productmaterials, if available.



● Someone who is seeking both growth- and value-style investments and who is willing to accept the volatility associated withinvesting in the stock market.



● S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industrygroup representation to represent U.S. equity performance.

Vanguard Total Bond Market Index Fund Institutional Shares

VRS Code: 44511

Fund Objective: The investment seeks the performance of Bloomberg Barclays U.S. Aggregate Float Adjusted Index.

Fund Strategy: Bloomberg Barclays U.S. Aggregate Float Adjusted Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of itsinvestments will be selected through the sampling process, and at least 80% of its assets will be invested in bonds held in theindex.

Fund Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise,bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed incomesecurities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, mostbond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is notpossible. Additional risk information for this product may be found in the prospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share

price.

● Someone who is seeking to diversify an equity portfolio with a more conservative investment option.



● The Bloomberg Barclays U.S. Aggregate Float Adjusted Index measures the total universe of public, investment-grade,taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominatedbonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year.


American Funds EuroPacific Growth Fund® Class R-6

VRS Code: 85007

Fund Objective: The investment seeks long-term growth of capital.

Fund Strategy: The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investmentadviser believes have the potential for growth. Growth stocks are stocks that the investment adviser believes have the potentialfor above-average capital appreciation. It normally will invest at least 80% of its net assets in securities of issuers in Europe andthe Pacific Basin. The fund may invest a portion of its assets in common stocks and other securities of companies in emergingmarkets.

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Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Growth stocks can perform differently from the market as a whole and can be morevolatile than other types of stocks. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. Additional risk information for this product may be found in theprospectus or other product materials, if available.



behave differently.





American Funds New Perspective Fund® Class R-6

VRS Code: 85010

Fund Objective: The investment seeks long-term growth of capital; future income is a secondary objective.

Fund Strategy: The fund seeks to take advantage of investment opportunities generated by changes in international tradepatterns and economic and political relationships by investing in common stocks of companies located around the world. Inpursuing its primary investment objective, it invests primarily in common stocks that the investment adviser believes have thepotential for growth. In pursuing its secondary objective, the fund invests in common stocks of companies with the potential topay dividends in the future.

Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. Additional risk information for this product may be found in theprospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking an investment that invests in both domestic and international markets.

● Someone who is willing to accept the volatility of the markets and the generally higher degree of risk associated withinternational investments.




Cohen & Steers Institutional Realty Shares

VRS Code: 48790

Fund Objective: The investment seeks total return through investment in real estate securities.

Fund Strategy: The fund invests at least 80%, and normally substantially all, of its total assets in common stocks and otherequity securities issued by real estate companies. It may invest up to 20% of its total assets in securities of foreign issuers(including emerging market issuers) which meet the same criteria for investment as domestic companies, including investmentsin such companies in the form of American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and EuropeanDepositary Receipts ("EDRs"). The fund is non-diversified.

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Fund Risk: Real Estate is a cyclical industry that is sensitive to interest rates, economic conditions (both nationally and locally),property tax rates, and other factors. Changes in real estate values or economic downturns can have a significant negativeeffect on issuers in the real estate industry. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Sector fundscan be more volatile because of their narrow concentration in a specific industry. In general the bond market is volatile, andfixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usuallymore pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks forboth issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding lossescaused by price volatility by holding them until maturity is not possible. Additional risk information for this product may befound in the prospectus or other product materials, if available.


Who may want to invest:● Someone who is willing to accept the potentially lower diversification and higher risks associated with investing in a particular

industry or sector.

● Someone who is seeking to complement his or her core holdings with investments concentrated in a particular sector orindustry.



CRM Small/Mid Cap Value Fund Class Institutional

VRS Code: 42053

Fund Objective: The investment seeks long-term capital appreciation.

Fund Strategy: The fund, under normal circumstances, invests at least 80% of its assets in equity and equity related securitiesof U.S. and non-U.S. companies with market capitalizations at the time of initial purchase within the range of those in theRussell 2500 Value Index or in the S&P Mid Cap 400 Value Index (together, "small/mid cap companies") that are publicly tradedon a U.S. securities market.

Fund Risk: Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile.Value stocks can continue to be undervalued by the market for long periods of time. The securities of smaller, less well-knowncompanies can be more volatile than those of larger companies. Stock markets are volatile and can decline significantly inresponse to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified inforeign markets. Additional risk information for this product may be found in the prospectus or other product materials, ifavailable.



● Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatilityof investments in smaller companies.



● The Russell 2500™ Value Index is an unmanaged market capitalization-weighted index measuring the performance of thoseRussell 2500 companies with lower price-to-book ratios and lower forecasted growth values.

● The S&P Mid-Cap 400/Citigroup Value Index is a capitalization-weighted index of the common stocks within the S&P 400Index exhibiting value characteristics according to S&P/Citigroup’s multi-factor methodology.

Dodge & Cox International Stock Fund

VRS Code: 46960

Fund Objective: The investment seeks long-term growth of principal and income.

Fund Strategy: Under normal circumstances, the fund will invest at least 80% of its total assets in equity securities of non-U.S.companies, including common stocks, depositary receipts evidencing ownership of common stocks, preferred stocks,securities convertible into common stocks, and securities that carry the right to buy common stocks. The fund typically investsin medium-to-large well-established companies based on standards of the applicable market.

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Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Value and growth stocks can perform differently from other types of stocks. Growthstocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock marketsare volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments. Additional risk information for this product may be found in the prospectus or other product materials, ifavailable.



behave differently.




Dodge & Cox Stock Fund

VRS Code: 94769

Fund Objective: The investment seeks long-term growth of principal and income; a secondary objective is to achieve areasonable current income.

Fund Strategy: The fund invests primarily in a diversified portfolio of equity securities. It will invest at least 80% of its totalassets in equity securities, including common stocks, depositary receipts evidencing ownership of common stocks, preferredstocks, securities convertible into common stocks, and securities that carry the right to buy common stocks. The fund mayinvest up to 20% of its total assets in U.S. dollar-denominated securities of non-U.S. issuers traded in the United States that arenot in the S&P 500.

Fund Risk: Value stocks can perform differently than other types of stocks and can continue to be undervalued by the marketfor long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political,regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional riskinformation for this product may be found in the prospectus or other product materials, if available.



● Someone who is comfortable with the volatility of large-cap stocks and value-style investments.



● S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industrygroup representation to represent U.S. equity performance.

Harbor High-Yield Bond Fund Institutional Class

VRS Code: 49836

Fund Objective: The investment seeks total returns (i.e., current income and capital appreciation).

Fund Strategy: The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversifiedportfolio of below investment-grade, high-risk, corporate bonds that are rated below Baa3 by Moody’s or below BBB- by S&Por Fitch, commonly referred to as "high yield" or "junk" bonds. It may invest up to 20% of its net assets in bank loans and up to10% of its total assets in equity securities, including common stock. Additionally, the fund may invest a portion of its assets incredit default swaps in which the fund may be either the buyer or the seller.

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Fund Risk: The fund may invest in lower-quality debt securities that involve greater risk of default or price changes due topotential changes in the credit quality of the issuer. In general the bond market is volatile, and fixed income securities carryinterest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced forlonger-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers andcounterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by pricevolatility by holding them until maturity is not possible. Additional risk information for this product may be found in theprospectus or other product materials, if available.

Fund short term trading fees: This fund has a Short-term Redemption Fee of 1% for fee eligible shares held less than 90 days.

Who may want to invest:● Someone interested in a bond fund that provides the potential for both current income and share-price appreciation.

● Someone who is seeking to complement his or her core bond holdings with a bond investment that seeks higher returns fromriskier bonds, and who can tolerate higher risk.



Lazard Emerging Markets Equity Portfolio Institutional Shares

VRS Code: 91432


Fund Strategy: The fund invests primarily in equity securities, principally common stocks, of non-U.S. companies whoseprincipal activities are located in emerging market countries and that the Investment Manager believes are undervalued basedon their earnings, cash flow or asset values. Under normal circumstances, it invests at least 80% of its assets in equity securitiesof companies whose principal business activities are located in emerging market countries.

Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. Additional risk information for this product may be found in theprospectus or other product materials, if available.


Who may want to invest:● Someone who is willing to accept the higher degree of risk associated with investing in emerging markets.

● Someone who is seeking to complement a portfolio of domestic investments and/or international investments in developedcountries with investments in developing countries, which can behave differently.



MetLife Stable Value Option

VRS Code: 77231

Fund Objective: Seeks to provide participants with a high quality Plan investment3 option, earnings stability and liquidity,while offering a guarantee4 of principal and interest.

Fund Strategy: The MetLife Stable Value Option is supported by two commingled Separate Accounts, one used mainly for403(b) plans and the other for 401 and 457(b) governmental plans. MetLife will issue a group annuity contract for each plan thatchooses the fund.The separate account portfolios supporting 403(b) plans and 401 and 457(b) governmental plans will be managed with theobjective of approximating the return of the Bloomberg Barclays® U.S. Intermediate Aggregate Bond Index, a broadinvestment grade index that includes U.S. Treasury and agency securities, investment grade corporate bonds and mortgageand asset-backed securities. The separate account portfolios will be invested in a representative selection of investment gradefixed income securities in the Index to replicate capitalization, duration, sectors and quality. When additional sectors or securitytypes are added to the Index, the portfolios may invest in such securities in order to maintain the Index characteristics. Interestrates are subject to market risk.Participants can withdraw or transfer "Fixed Fund" balances at book value (as permitted by the plan) without penalty for death,disability, retirement, termination of employment, hardship, loans, attainment of age 59 1/2. Withdrawals due to Employer-initiated events may be subject to restriction and/or adjustment.

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Fund Risk: The fund is invested in a separate account, which is a diversified portfolio of fixed-income assets. Guarantees aresubject to the claims paying ability of the issuer. Restrictions or fees may apply to exchanges or withdrawals. The Contractsprovide for the payment of certain withdrawals and exchanges at book value during the terms of the Contracts. In order tomaintain the Contract issuers’ promise to pay such withdrawals and exchanges at book value, the Contracts subject the fundand its participants to certain restrictions. For example, withdrawals prompted by certain events (e.g., layoffs, early retirementwindows, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in laws orregulations) may be paid at the market value of the fund’s securities, which may be less than your book value balance or mayrestrict withdrawals in these events.Certain investment options offered by your plan (e.g., money market funds, short term bond funds, certain asset allocation/lifecycle funds and brokerage window) may be deemed by the Contract issuers to "compete" with this fund. The terms of theContracts prohibit you from making a direct exchange from this fund to such competing funds. Instead, you must firstexchange to a non-competing fund for 90 days. While these requirements may seem restrictive, they are imposed by theContract issuers as a condition for the issuer’s promise to pay certain withdrawals and exchanges at book value.


Who may want to invest:● Someone who seeks a slightly higher yield over the long term than is offered by money market funds, but who is willing to

accept slightly more investment risk.

● Someone who is interested in balancing an aggressive portfolio with an investment that seeks to provide a declared creditingrate that is reset on a periodic basis.

Footnotes:● The investment option is an annuity. The fund is managed by Metropolitan Life Insurance Company. This description is only

intended to provide a brief overview of the fund.

● 1 Restrictions may apply to transfers. The MetLife Stable Value Option is not a mutual fund and is underwritten byMetropolitan Life Insurance Company, which guarantees principal and interest for participant-initiated transactions.Information furnished on the MetLife Stable Value Option was furnished by MetLife.2 The MetLife Stable Value Option for an individual employer is a Group Annuity Contract issued solely to that employer. Theinvestment characteristics of the MetLife Stable Value Option depend on the separate account or separate accounts in whichthe assets which support the Group Annuity Contract are invested, and other contracts can be invested in those separateaccounts. However, only participant actions by participants in a single employer’s plan affect the performance of the MetLifeStable Value Option for that plan.

● 3 The MetLife Stable Value Option is underwritten by Metropolitan Life Insurance Company.4 Guarantees are subject to the claims-paying ability of Metropolitan Life Insurance Company. Guarantees may vary fromcontract to contract and are subject to the terms set forth in each contract.

● Fidelity Brokerage Services LLC and Metropolitan Life Insurance Company are not affiliated.The Bloomberg Barclays U.S. Intermediate Aggregate Bond Index is an unmanaged market value-weighted index for U.S.dollar denominated investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year.

● This investment option is not a mutual fund.

MFS Massachusetts Investors Growth Stock Fund Class R6

VRS Code: 26842

Fund Objective: The investment seeks capital appreciation.

Fund Strategy: The fund normally invests at least 80% of the fund’s net assets in stocks. Stocks include common stocks andother securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer.The advisor focuses on investing the fund’s assets in the stocks of companies its advisor believes to have above averageearnings growth potential compared to other companies (growth companies).

Fund Risk: Growth stocks can perform differently from the market as a whole and can be more volatile than other types ofstocks. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market,economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this productmay be found in the prospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking the potential for long-term share-price appreciation.

● Someone who is willing to accept the generally greater price volatility associated with growth-oriented stocks.

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PRIMECAP Odyssey Stock Fund

VRS Code: 76315

Fund Objective: The investment seeks to provide long-term capital appreciation.

Fund Strategy: The fund invests primarily in the common stocks of U.S. companies. It invests at least 80% of its assets instocks. The fund may invest in stocks across all market sectors and market capitalizations, though it has historically investedprimarily in large- and mid-capitalization companies.

Fund Risk: Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile.Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can declinesignificantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may bemagnified in foreign markets. Additional risk information for this product may be found in the prospectus or other productmaterials, if available.



● Someone who is seeking both growth- and value-style investments and who is willing to accept the volatility associated withinvesting in the stock market.



Voya Intermediate Bond Fund Class R6

VRS Code: 22293

Fund Objective: The investment seeks to maximize total return through income and capital appreciation.

Fund Strategy: Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investmentpurposes) in a portfolio of bonds, including but not limited to corporate, government and mortgage bonds, which, at the timeof purchase, are rated investment-grade (e.g., rated at least BBB- by S&P Global Ratings or Baa3 by Moody’s Investors Service,Inc.) or have an equivalent rating by a nationally recognized statistical rating organization ("NRSRO"), or are of comparablequality if unrated.

Fund Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise,bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed incomesecurities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, mostbond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is notpossible. Additional risk information for this product may be found in the prospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share

price.

● Someone who is seeking to diversify an equity portfolio with a more conservative investment option.




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Wells Fargo Discovery Fund - Class R6

VRS Code: 93964


Fund Strategy: The fund normally invests at least 80% of its net assets in equity securities of small- and medium-capitalizationcompanies; and up to 25% of the fund’s total assets in equity securities of foreign issuers through ADRs and similarinvestments. It invests in equity securities of small- and medium-capitalization companies that the managers believe offerfavorable opportunities for growth. The fund may also invest in equity securities of foreign issuers through ADRs and similarinvestments.

Fund Risk: Growth stocks can perform differently from the market as a whole and can be more volatile than other types ofstocks. The securities of smaller, less well-known companies can be more volatile than those of larger companies. Stockmarkets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments. These risks may be magnified in foreign markets. Additional risk information for this product may be found inthe prospectus or other product materials, if available.


Who may want to invest:● Someone who is seeking the potential for long-term share-price appreciation.

● Someone who is willing to accept the generally greater price volatility associated both with growth-oriented stocks and withsmaller companies.




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A Roth contribution is available to employees who participate in the 403(b) plan. For payroll purposes Roth contributions are treated as after tax. This feature will allow participants to make Roth contributions to their plan while taking their earnings completely tax free at retirement — as long as the withdrawal is a qualified one. A qualified withdrawal is one that can be taken five tax years after the year of the first Roth contribution and after the participant has attained age 59½, has become disabled, or has died.

If you qualify to make traditional 403(b) contributions, you are eligible for a Roth 403(b) contribution.

How does a Roth 403(b) contribution option work?

You elect an amount of your salary that you wish to contribute to the Roth source, just as you would for your traditional 403(b). The contribution is based on your eligible compensation, not on your netpay — for example, if your total annual eligible compensation is $40,000 per year and you elect a 6% deferral amount, then $2,400 per year would go into your Roth 403(b) account.

Unlike your traditional 403(b) pretax contribution, with a Roth 403(b) contribution, you pay the taxes now on the contributions you make — but later your earnings are all tax free, if you meet certain criteria.

Example: Sally earns $40,000 and has elected to put 6% toward her Roth 403(b) contributions and 6% toward her traditional 403(b) pretax contributions on a monthly basis.

ROTH 403(b)* TRADITIONAL 403(b)*

Sally’s monthly contribution into each account

$200 $200

Sally’s reduction in take-home pay

$200 $150

* This hypothetical example is based solely on an assumed federal income tax rate of 25%. No other payroll deductions are taken into account. Your own results will be based on your individual tax situation.

Your combined Roth and traditional pretax 403(b) contributions cannot exceed the IRS limits for the year.

Would a Roth 403(b) contribution option benefit me?

The potential benefits of Roth 403(b) contributions really depend on your personal situation, but are mainly focused on your existing tax rate and your anticipated tax rate at the time of retirement. If you are contributing to a Roth, you are giving up a tax break today for a tax break in the future.

Therefore, a Roth contribution might benefit you if your tax rate in retirement were higher than it had been during the years you contributed.

If your tax rate were lower in retirement, then a traditional 403(b) might be more beneficial to you than the Roth option. Talk with a tax professional for more information on how to determine if Roth 403(b) contributions are right for you.

Is a traditional pretax 403(b) still beneficial?

Yes. For many participants a traditional pretax 403(b) will still be the most beneficial type of retirement savings plan. We do not know what the future holds regarding tax rates. Therefore, it is not possible to predict with certainty which type of 403(b) savings will be most beneficial to a participant.

Remember, because Roth 403(b) contributions are made after tax, you may take home less money in your paycheck than you would if you contributed to a traditional pretax 403(b).

What is the Roth 403(b) Contribution Option?

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Transfer/Rollover/Exchange Form Instructions

Reference the instructions below while completing the form. For additional assistance, please contact Fidelity Investments at 1-800-343-0860 or, for the hearing impaired, 1-800-259-9743 (TTY), Monday through Friday, 8 a.m. to midnight Eastern time (excluding New York Stock Exchange holidays, except Good Friday).

1. YOUR INFORMATION

Please provide your information in this section.

2. INVESTMENT PROVIDER YOU ARE MOVING MONEY FROM

Please review your most recent statement for this name and address, and include a copy of the statement with this form. Please contact your previous investment provider to see if additional paperwork is required.

3. ACCOUNT(S) OR CONTRACT(S) TO MOVE

Account or Contract Number: This number is available on your previous investment provider account statement. If you are unable to locate this number on your statement, please contact the nvestment rovider. If you do not provide an account or contract number, we will use your Social Security number or U.S. Tax Identification number to request the assets to be moved.

Type of Account or Contract: If you are unsure of the type of account or contract, please contact the Previous Investment Provider or refer to your statement. Select at least one.

The Account or Contract Number is from: Please see the descriptions below that relate to each of the four transactions. If you choose “A Previous Employer,” provide the name of that employer.

Liquidation Amount: Specify the amount of money you want moved to your Fidelity account. If you choose “Full Liquidation/100%,” Fidelity will request your full balance. If you choose “Partial Liquidation,” Fidelity will request the dollar amount or percentage you specify. If you do not specify an amount, Fidelity will move/liquidate 100%. If you are moving 457(b) assets, please be aware that governmental 457(b) assets must be moved into a governmental 457(b) plan, and nongovernmental 457(b) assets must be moved into a nongovernmental 457(b) plan. Transfers from nongovernmental 457(b) plans are not provided for on this form. Talk with your plan

and IRAs to governmental 457(b) plans must be recordkept in separate rollover sources to limit the distributions that may be subject to a 10% early distribution penalty.

4. YOUR FIDELITY ACCOUNT INFORMATION

If you do not have a retirement account with Fidelity for the employer listed here, you must complete the enroll-ment process. For help with enrollment, please contact Fidelity at 1-800-343-0860 or for the hearing impaired

p

i p

Movement of assets from 403(b) to 403(b) will be requested as a vendor or contract exchange. Movement of money between the same plan types, excluding 403(b) plans [401(a) to 401(a), 401(k) to 401(k), 457(b) to 457(b)], will be requested as an in-plan transfer. Movement of money between different plan types will be requested as a rollover.

For 403(b) and 401(a)/(k) plans, this is a rollover transaction. For governmental 457(b) plans, this is a rollover unless Fidelity receives direction to process as a transfer.

A Rollover IRA. This is a rollover transaction. After-tax value may not be rolled from an IRA.

A Traditional IRA or SEP IRA. This is a rollover transaction. Roth IRAs and Coverdell IRAs cannot be accepted.

sponsor or call Fidelity to discuss transfers from nongovernmental 457(b) plans. Rollovers from 403(b) plans, 401(a)/401(k) lans,

Employer Sponsoring Your Fidelity Retirement Account: The employer name appears on your Fidelity account statement or

Plan Type with this employer: This information is required to ensure that Fidelity credits your assets to the proper account. Please contact Fidelity at 1-800-343-0860 or for the hearing impaired 1-800-259-9743 (TTY) if you do not know your plan type.

Plan Number: Please provide the plan number if you have multiple retirement plan accounts with Fidelity. Please contact Fidelity at 1-800-343-0860 or for the hearing impaired 1-800-259-9743 (TTY) to obtain the plan number.

in your enrollment paperwork.

The Same Employer as My Employer Plan with Fidelity.

1-800-259-9743 (TTY).

A Previous Employer.

5. INVESTMENT INSTRUCTIONS

Would you like the assets invested in your current investment selection? If “Yes” is selected, your assets will be allocated to your current investment selection on file with Fidelity. If you do not select “Yes,” please list the fund names, fund codes (if known), and percentages. Please ensure that the percentages equal 100%. Please list any

Fund Name: List the fund name(s) you want your assets credited to.

Fund Code: Provide the four-digit fund code(s) (if known).

Percentage: Please ensure that the percentages listed equal 100%.

6. EMPLOYER PLAN ACCEPTANCE

Employer Authorized Signature: An authorized signature from the employer that sponsors your Fidelity retirement account may be required. To verify if this section needs to be signed, contact your Human Resources office or Fidelity at 1-800-343-0860 or for the hearing impaired 1-800-259-9743 (TTY).

7. DUPLICATE DISPOSITION LETTER REQUEST

Entering a name and address in this section requests and authorizes Fidelity to send a duplicate disposition (status) letter to the individual listed for this request only.

8. SIGNATURE

Please read the legal information provided in this section and then sign and date the form. We are unable to process your request without your signature and the date.

Transfer/Rollover/Exchange Form Checklist:

Here is a checklist to ensure that your request is in good order.

Please remember to:

Include your most recent account statement from your previous investment provider

Indicate the amount or percentage of money you are moving to Fidelity

Obtain the Employer Authorized Signature. Contact your Human Resources office or Fidelity to verify if this is required.

Sign in Section 8 of the form

Return this form in the enclosed postage-paid envelope OR

If you are sending this using an overnight delivery

Return to: service, please send to:

Fidelity Investments Fidelity Investments P.O. Box 770002 100 Crosby Parkway, Mailzone KC1E Cincinnati, OH 45277-0090 Covington, KY 41015

Please contact your previous investment provider to see if additional paperwork is required.

additional funds on a separate page and attach it to this form.

Note: If no investment options are selected, your investment instructions are incomplete or invalid, or the percentages listed are

AND DATE

and date

less than or exceed 100%, your entire contribution will be defaulted to the investment elections on file with Fidelity. If you have noinvestment elections on file, your entire contribution will be defaulted to the investment option specified in the agreement currentlyin place with Fidelity for the Plan.

Transfer/Rollover/Exchange FormInstructions: Use this form to move assets to your Fidelity employer-sponsored retirement account from a previous investment provider. You may also use this form to consolidate multiple employer-sponsored retirement accounts currently at Fidelity. If you do not have a retirement account with Fidelity, you must also complete an Account Application/Enrollment Form or when available enroll online at netbenefits.com/atwork. If your current employer does not offer a retirement plan record kept by Fidelity, your employer needs to establish a retirement plan prior to your vendor or contract exchange, or rollover to a Fidelity account. An incomplete form may delay the processing of your request. Use a separate form for each investment provider.

Unless otherwise instructed by your employer, please return this transfer/rollover/exchange form in the postage-paid envelope provided OR

If you are sending this using an overnight delivery Return to: service, please send to:Fidelity Investments Fidelity Investments P.O. Box 770002 100 Crosby Parkway, Mailzone KC1E Cincinnati, OH 45277-0090 Covington, KY 41015

Questions? Call Fidelity Investments at 1-800-343-0860 or for the hearing impaired 1-800-259-9743 (TTY), Monday through Friday, 8 a.m. to midnight Eastern time (excluding New York Stock Exchange holidays, except Good Friday), for assistance with completing this form.

1. YOUR INFORMATIONPlease use a black pen and print clearly in CAPITAL LETTERS.

Social Security # or Tax ID #: Date of Birth:

First Name:

Last Name:

Mailing Address:

City: State:

ZIP Code:

Daytime Phone: Evening Phone:

Email:

2. INVESTMENT PROVIDER YOU ARE MOVING MONEY FROM

Name of investment provider you are moving money from

Please include a copy of your most recent account statement from your investment provider.

Provider Street Address:

City: State:

ZIP Code:

Provider Phone: Ext:

Please contact your previous investment provider to see if additional paperwork is required. Use a separate form for each investment provider.

(e.g., VALIC, TIAA-CREF, Vanguard, Voya, Lincoln):

Middle Initial:

Page 1

700018 DC 84829 02238001

3. ACCOUNT(S) OR CONTRACT(S) TO MOVEPlease provide information about the account(s)/contract(s) you wish to move to Fidelity. If no account or contract numbers are provided, we will use your Social Security number or U.S. Tax ID number to request the assets to be moved.

3A. FIRST ACCOUNT/CONTRACT (if more than one account/contract, please complete section 3B in addition to section 3A)

1. Account/Contract #:

Type: 403(b) Include Roth 403(b) balance 401(a)/(k) Include Roth 401(k) balance

457(b) governmental Include Roth 457(b) governmental balance

2. Please check the box that most accurately reflects the transaction that you are requesting. Note that your selection willdictate how we process this transaction. Please read Section 3 of the instructions for more details.

The Same Employer as My Employer Plan with Fidelity

A Previous Employer

Previous Employer Name:

A Rollover IRA

A Traditional IRA or SEP IRA

3. Liquidation Amount Full Liquidation/100% Partial Liquidation % OR $

Unless otherwise specified, I request the

100% of my account.

3B. SECOND ACCOUNT/CONTRACT (if applicable).

1. Account/Contract #:

Type: 403(b) Include Roth 403(b) balance 401(a)/(k) Include Roth 401(k) balance

457(b) governmental

2. Please check the box that most accurately reflects the transaction that you are requesting. Note that your selection willdictate how we process this transaction. Please read Section 3 of the instructions for more details.

The Same Employer as My Employer Plan with Fidelity

A Previous Employer

Previous Employer Name:

A Rollover IRA

A Traditional IRA or SEP IRA

3. Liquidation Amount Full Liquidation/100% Partial Liquidation % OR $

Unless otherwise specified, I request the

100% of my account.

(select one)

(select one)

Please make additional copies of this page and the next page if you have more than two accounts/contracts to move.

(select atleast one) IRA

previous investment provider to liquidate

(select atleast one) Include Roth 457(b) governmental balance IRA

previous investment provider to liquidate

Page 2

4. YOUR FIDELITY ACCOUNT INFORMATION

If you do not have a retirement account with Fidelity for the employer listed below, or you do not know the plan number or type, please contact Fidelity at 1-800-343-0860 or for the hearing impaired 1-800-259-9743 (TTY).

5. INVESTMENT INSTRUCTIONS

Would you like the assets invested in your current investment selection? Yes

Fund Name(s): Fund Code: Percentage:

%

%

%

%

If no investment options are selected, your investment instructions are incomplete or invalid, or the percentages listed are less than

6. EMPLOYER PLAN ACCEPTANCE

An authorized signature from the employer that sponsors your Fidelity retirement account may be required. To verify if

OR

OR

OR

OR

Total = 100%

Employer Sponsoring Your Fidelity Retirement Account: (This name appears on your Fidelity statement, or in your enrollment paperwork.)

City & State of Employer: Are you still employed with this Employer? Yes No

4A. Fidelity Account Information for 3A

Plan Type: 403(b) 401(a)/(k) 457(b) governmental

Plan Number (if known):

4B. Fidelity Account Information for 3B

Plan Type: 403(b) 401(a)/(k) 457(b) governmental

Plan Number (if known):

If there is a discrepancy between plan type and plan number, the plan type selected will be used.

No (specify below)

or exceed 100%, your entire contribution will be defaulted to the investment elections on file with Fidelity. If you have no investmentelections on file, your entire contribution will be defaulted to the investment option specified in the agreement currently in place withFidelity for the Plan.

this section needs to be signed, contact your Human Resources office or Fidelity at 1-800-343-0860 or for the hearing impaired

Employer Authorized Signature: X Date:

Employer Authorized Printed Name: X

1-800-259-9743 (TTY).

Page 3

700018 DC 84829 02238003

7. DUPLICATE DISPOSITION LETTER REQUEST

I hereby request and authorize Fidelity to send a duplicate disposition letter for this application to the individual listed below.

First Name:

Last Name:

Mailing Address:

City: State:

ZIP Code:

Daytime Phone: Evening Phone:

Email:

8. SIGNATURE AND DATE

By signing this form:

listed on this form, and to release the proceeds to my account under my employer’s plan, except to the extent my current employer or any of my former employers prohibit such release. In the event of such prohibition, I hereby direct said investment provider to retain the portion of my account(s) that cannot be released in a separate account or contract and to release the remainder.

or contract exchange, in-plan transfer, or rollover, of my retirement plan assets in accordance with applicable IRS and plan rules.

instructions on this form. All subsequent installment payments as well as any residual balances not received within 30 days will be invested according to the investment elections currently in place with Fidelity for the Plan at the time my assets are received by Fidelity.

For 403(b)-to-403(b) vendor or contract exchanges

more restrictive withdrawal provisions.

source will be returned to the investment provider named in Section 2.

provides Fidelity with account balances as of 12/31/88 and post-1988 salary reduction contributions.

provides Fidelity with account balances as of 12/31/86.-

ment provider provides Fidelity with the sources of the exchanged amount under the previous plan.

Your Signature: X Date:

Middle Initial:

26030_01/0116 434261.10.0 Fidelity Investments Institutional Operations Company, Inc. 1.931026.103

account(s)

I hereby agree to the terms and conditions stated in this form, including the instructions, and certify that I am requesting a vendor

I certify under the penalties of perjury that my Social Security number or U.S. Tax Identification number on this form is correct.

I direct and authorize Fidelity to send a duplicate disposition letter for this request to the individual listed in Section 7 if applicable.,

Page 4

This information is intended to be educational and is not tailored to the investment needs of any specific investor.

This document provides only a summary of the main features of the Purdue University Retirement Program and the Plan Documentwill govern in the event of discrepancies.

© 2010 - 2017 FMR LLC. All rights reserved.

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Documents

YOUR GUIDE TO GETTING STARTED - Fidelity … GUIDE TO GETTING STARTED ... Þnancial hardship. As deÞ ned by your Plan, ... conservative to more aggressive funds. You