City of Hartford 457 Retirement Plan - Live Mutual · RS2070_FRCVR 714 City of Hartford 457 Retirement Plan Prepared for:

RS2070_FRCVR 714

nalP tnemeriteR 754 droftraH fo ytiC

:rof deraperP

<<EmployerName>> is pleased to offer you a retirement plan as a benefit to help you save and invest for retirement. It’s one way to thank you for your contribution to the organization’s success.

This booklet walks you through the basics of the <<PlanName>> and how to get started. You’ll also find information to help you make a plan for your life in the future that works for your life right now.

Please review the enclosed information carefully to get started as soon as you can.

If you have questions or for more information, please visit <<Website>>, <<BenAdmin>>

<<Broker1>> <<Broker2>> <<Broker3>>

We hope you’ll take full advantage of this important benefit.

<<SignBlock>>

RS2070_WELCOME 614

Welcome

nippiP lehtE

secivreS tnemeriteR lautuMssaM

5291-273-068

moc.lautumssam@nippipe

droftraH fo ytiC rof tsevni dna evas uoy pleh ot tifeneb a sa nalp tnemeriter a uoy reffo ot desaelp si

.sseccus s’noitazinagro eht ot noitubirtnoc ruoy rof uoy knaht ot yaw eno s’tI .tnemeriter

eht fo scisab eht hguorht uoy sklaw telkoob sihT nalP tnemeriteR 754 droftraH fo ytiC teg ot woh dna

rof skrow taht erutuf eht ni efil ruoy rof nalp a ekam uoy pleh ot noitamrofni dnif osla ll’uoY .detrats

.won thgir efil ruoy

.nac uoy sa noos sa detrats teg ot ylluferac noitamrofni desolcne eht weiver esaelP

tisiv esaelp ,noitamrofni erom rof ro snoitseuq evah uoy fI evres/moc.lautumssam.www , ruoy tcatnoc

:ro rotartsinimda stifeneb

.tifeneb tnatropmi siht fo egatnavda lluf ekat ll’uoy epoh eW

Two easy ways to monitor and manage your account.

1. ONLINE

Log into our website at <<website>>. Here you

can access powerful retirement planning tools and

calculators, and manage your account — anytime,

from virtually anywhere.

You’ll be able to:

• Obtain current account balances

• Change your investment options

• Perform account transactions

<<Access_SPR>>

• Transfer (exchange) balances between investment

options*

• Check current investment prices and performance

<<Access_Statements>>

• View and download your quarterly electronic

statements

If you are having trouble accessing your account for

the first time, please contact your Participant Service

Center at << >> r assistance.

* You are allowed to submit a total of 20 transfer requests each calendar year for your participant account by any permitted means. Once these 20 transfers have been requested, you may submit any additional transfer requests only in writing by U.S. mail. Transfers as a result of dollar-cost averaging (if applicable) do not count toward the 20-transfer limit. Each calendar year, MassMutual resets your transfers to allow 20 new transfers by all

approved methods.

2. BY PHONE

<<Access_Phone>>

RS2070_ACCESS 714

<<QuickLink>>

��toyouraccount

QUICK LINK TIP

Want quick access to your account?1. Go to www.massmutual.com/serve,

www.massmutual.com/retirementaccess.

2. Click Login at the top right of the screen.

[3. Click Retirement Access.

3./4.] Log in to view or manage your account.

.tnuocca ruoy eganam dna rotinom ot syaw ysae owT

.1 ENILNO

ta etisbew ruo otni goL evres/moc.lautumssam.www . gninnalp tnemeriter lufrewop ssecca nac uoy ereH — tnuocca ruoy eganam dna ,srotaluclac dna sloot

.erehwyna yllautriv morf ,emityna

:ot elba eb ll’uoY

• secnalab tnuocca tnerruc niatbO

• snoitpo tnemtsevni ruoy egnahC

• snoitcasnart tnuocca mrofreP

• tnemtsevni neewteb secnalab )egnahcxe( refsnarT *snoitpo

• ecnamrofrep dna secirp tnemtsevni tnerruc kcehC

• cinortcele ylretrauq ruoy daolnwod dna weiV stnemetats

• DI resu dna NIP ruoy elbane/teseR

rof tnuocca ruoy gnissecca elbuort gnivah era uoy fI ecivreS tnapicitraP ruoy tcatnoc esaelp ,emit tsrif eht

ta retneC 9009-825-008-1 .ecnatsissa rof

stseuqer refsnart 02 fo latot a timbus ot dewolla era uoY *

yna yb tnuocca tnapicitrap ruoy rof raey radnelac hcae neeb evah srefsnart 02 eseht ecnO .snaem dettimrep

refsnart lanoitidda yna timbus yam uoy ,detseuqer tluser a sa srefsnarT .liam .S.U yb gnitirw ni ylno stseuqer

tnuoc ton od )elbacilppa fi( gnigareva tsoc-rallod fo ,raey radnelac hcaE .timil refsnart-02 eht drawot

srefsnart wen 02 wolla ot srefsnart ruoy steser lautuMssaM .sdohtem devorppa lla yb

9009-825-008-1

uoy ,metsys enohpelet detavitca-eciov ruo htiW morf deen uoy noitamrofni eht teg ot llac eht lortnoc

.gnikaeps yb ylpmis ,emit yna ta ,enohpelet yna

.detpmorp nehw NIP dna DI resu ruoy edivorp esaelP ot deen uoy dluohs llac ruoy etidepxe pleh lliw sihT

ecivres remotsuc lautuMssaM a htiw kaeps .evitatneserper

ruoy rof nosaer eht etats ot uoy ksa lliw metsys ehT

dnopser lliw metsys eht dna ylraelc kaeps ylpmiS .llac .ylgnidrocca

tnuocca tnemeriter ruoy gniviecer referp uoy oD

sseccA ?hsilgnE naht rehto egaugnal a ni noitamrofni segaugnal 041 revo ni elbaliava si eniL egaugnaL eht ot

gnirud evitatneserpeR ecivreS remotsuC a hguorht .sruoh ssenisub lamron

1

o o

o

o

2

Group Number: Social Security Number: Employer:

Employee Name: Last, First,M.I.Name Change? Please provide documentation

Mailing Address:New?

City: State: Zip:

Home Phone: Work Phone: Ext:

BENEFICIARY INFORMATIONPlease complete the Beneficiary Designation including name, address, phone number, Social Security Number, date of birth,

relationship and percentage of death benefit. The percent of benefit must total 100% for all primary beneficiaries named. If

naming contingent beneficiary(ies) the total percentage for this designation must equal 100%. Married residents of community

property states may want to seek legal advice if naming a non-spouse Primary Beneficiary.

Type of Beneficiary: Examples of Designations:

One Beneficiary Jane Doe, wife, 100%

Two or more Primary Beneficiaries, John Doe, son, 33%

equally among the survivors Carol Smith, daughter, 33%

Mark Doe, son 34%

or equally among the survivors

Two or more Primary Beneficiaries, John Doe, son, 33%

with their share to their children Carol Smith, daughter, 33%

Mark Doe, son 34%

per stirpes

Primary and Contingent Beneficiaries Primary: Jane Doe, wife, 100% if living;

Contingent: John Doe, son, 33%

Carol Smith, daughter, 33%

Mark Doe, son 34%

either equally among the survivors

or per stirpes

Participant’s Estate Participant’s Estate

Trustee Jane Doe, trustee under trust

agreement* dated...

* Date of the execution of the trust agreement or a copy of the trust agreement must be provided.Primary Beneficiary(ies) name, address and phone no. Social Security No. Date of Birth Relationship %

Contingent Beneficiary(ies) name, address and phone no. Social Security No. Date of Birth Relationship %

The execution and the delivery of this form to the offices of MassMutual revokes all prior beneficiary designations that I have

made. I understand that this beneficiary designation will not take effect until it has been received in good order by MassMutual.

Employee Signature DateMail this Beneficiary Designation to MassMutual at the address above. Keep a copy for your records.

PRIMARY TOTAL: 100%

CONTINGENT TOTAL: 100%

Beneficiary Designation/ Name & Address Change - 457(b) and 401(a)

HVL-464-4 Rev. 1.14 Please provide a copy of this Beneficiary Designation to your Employer. benedcp.pdf

Mail Address:MassMutual Retirement Services

PO Box 1583

Hartford, CT 06144-1583

Overnight Mail AddressMassMutual Retirement Services

1 Griffin Road North

Windsor, CT 06095-1512

MassMutual Retirement Services (MMRS) is a division of Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated

companies and sales representatives.

droftraH fo ytiC 620051

3

4

)knalb tfel yllanoitnetni egap sihT(

Rollover In/Plan-to-Plan Account Transfer In Form 457(b)

Section C - Type of Request

Section A - Plan Information Plan NameGroup No.

Use this form if you want to: • submit a rollover in. • submit a plan-to-plan transfer in. Do not use this form to: • transfer your account from another provider under your current plan to MassMutual Retirement Services ("MassMutual"). Complete a Provider-to-Provider Transfer Form. • Complete one form for each rollover or transfer. • Indicate the Type of Request in Section C. • Complete the appropriate information in Section D. • Attach a current statement of your account of the amount you intend to rollover or transfer. MassMutual will not process this form until it is received in good order. Please see the Important Information Section for information on "Good Order" requirements.

plandcp.pdf

Questions? Call MassMutual’s Customer Service Center 1-800-528-9009 Fax 877-526-2531 or 800-678-8645 Online massmutual.com/serve

Section B - Participant Information

Select one option:

GPROCESS/ GROLOVERIN

*We will change your account information to reflect the Legal Address above and all future mailings will be sent to this address unless changed by you or your Plan Administrator as described under "Stale Address" in the Important Information Section.

* Legal Address

Date of BirthParticipant NameSSN

Financial Advisor's Name

Financial Advisor's Phone Number

Daytime Phone Number

State Zip CodeCity

Financial Advisor's Email

A PLAN-TO-PLAN TRANSFER is funds moved from one 457(b) plan to another 457(b) plan 1. Any beneficiary or participant who has had a severance from employment from the transferring employer and who is performing services for the receiving employer, may initiate a transfer whether or not the plans are within the same state. 2. If all of the plan's assets are being transferred to another eligible government plan within the same state, no severance from employment is required. 3. If the transfer is from one eligible governmental plan to another of the same employer, no severance from employment is required. By checking this box, if you are moving funds from a current or previous employer’s 457(b) Plan into your MassMutual 457(b) account, this is considered a PLAN-TO-PLAN TRANSFER. You acknowledge and understand that you will not be able to withdraw the transferred amount until you are eligible to take a distribution under your account at MassMutual in accordance with the terms of the Plan.

A ROLLOVER is funds moved from either: • Previous employer's 403(b), 401 or 457(b) plan, OR • Individual Retirement Account

A rollover occurs when you take an eligible rollover distribution from your 457 retirement plan and move (or "roll") some or all of the proceeds into a separate employer-sponsored retirement plan that accepts the rollover under the terms of the plan and the Internal Revenue Code, or into an IRA. In order to request a rollover from your 457 plan, you must first be eligible to take a distribution (e.g., due to separation from service, death, disability, or certain plan terminations, as defined by the plan document and permitted under the contract.).

620051 nalP tnemeriteR 754 droftraH fo ytiC

5

Section D - Rollover/Transfer Request

401 qualified plan (including 401(k) or 403(a) qualified annuity plans)

all amounts OR

403(b) tax sheltered plan

408 IRA including simplified employee pension and simple retirement accounts

ROLLOVER:

credited to my deferred compensation account at MassMutual. Note: An amount distributed from a 457(b) plan is not subject to an excise tax on early distributions, except to the extent it consists of amounts previously rolled over to the 457(b) plan from a 401, 403(b) plan or an IRA. The eligible rollover distribution is coming from an eligible retirement plan identified under Code section:

be liquidated from the retirement program indicated below and be I request that

plandcp.pdf

Governmental 457(b) eligible deferred compensation plan sponsored by a governmental employer

457(b) PLAN-TO-PLAN TRANSFER:

This option is available under the Code and may be an option available under a given retirement program. You cannot transfer amounts between government sponsored and tax-exempt sponsored 457(b) plans.

I request a Code Section 457(e)(10) plan-to-plan transfer of all amounts ORfrom a Code Section 457(b) eligible deferred compensation plan.

__________________________________________________________ _________________________ Former Employer's Authorized Plan Administrator’s Signature Date

$

$

If your contract includes a Roth Contributions feature, check here to indicate that designated Roth contributions will be included.

Provider Account Number

Address Phone Number

Rollover From:

If your contract includes a Roth Contributions feature, check here to indicate that designated Roth contributions will be included.

Provider Account Number

Address Phone Number

Transfer From:

Note that you cannot include Roth IRA amounts in this account.

Note that you cannot include Roth IRA amounts in this account.

6

Section F - Current Plan Administrator's Acceptance of Rollover or Transfer

__________________________________________________________ _________________________ Authorized Plan Administrator’s Signature Date ____________________________________________________________ Authorized Plan Administrator’s Name (please print)

plandcp.pdf

Section H - Important Information

The authorized signature below certifies eligibility and acceptance of the rollover or transfer as instructed in this request.

Good Order - "Good Order" means that all sections of the form are complete, the participant has provided their signature authorizing the transaction, the former Plan Sponsor has provided their signature (if required) and the current Plan Sponsor has provided their signature authorizing MassMutual to process the transaction requested on the form (if required). MassMutual - MassMutual Retirement Services (MMRS) is a division of Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. Stale Address – It is important that you notify us if you change your address. Going forward, your address may change in our records either at your or your employer's direction, or as a result of an address confirmation service provided under our agreement with your employer. Under this service, the addresses in our records are compared against and updated quarterly with addresses received from commercial address update services (e.g., the U.S. Postal Service). If your mail is returned to us or your employer tells us your address is incorrect, we are likely to suspend future mailings until a new address is obtained. Unless preempted by federal law, failure to give us a current address may also result in uncashed distributions from your participant account being considered abandoned property under state law, and remitted to the applicable state. To update your address, contact your Plan Administrator or, if permitted by your Plan, log in to our website at massmutual.com/serve and select the "My Profile" tab at the top of the screen.

Section G - Payment InformationFor payments made by check, make check payable to: MassMutual FBO Mail check and this form to: Regular Mail: MassMutual Retirement Services Overnight Mail: MassMutual Retirement Services P.O. Box 1583 1 Griffin Road North Hartford, CT 06144-1583 Windsor, CT 06095-1512

Social Security No.Employee Name

Include the following information: Credit Massachusetts Mutual Life Insurance Company FBO: Employee Name

Employer Name

Social Security No.

Group No.

For payments made by ACH or Wire, forward to: Mellon Bank Three Mellon Bank Center Pittsburgh, PA 15259-0001 Money Transfer Dept. ABA-043000261 Account No 1957963

I understand that if I am currently enrolled in the Plan, my rollover or transfer will be allocated among the investment options based upon my current investment elections unless Special Instructions are provided below to invest my rollover or transfer.

____________________________________________________ _________________________ Participant Signature Date

Section E - Participant Authorization

Special Instructions:

7

8


Group Number: Social Security Number:

Employer: Department/ Location:

Plan Name:

Participant Name: (Last, First, M.I.)Name Change? Please provide documentation

Mailing Address:New?

City: State: Zip:


A. CONTRIBUTION CHANGE- BEFORE-TAX CONTRIBUTIONS

Increase Employee $ or % Employer $ or % Total Contribution Frequency* Annual ContributionDecrease

From $ + = x =Resume Suspend To $ + = x =

IF YOU ARE UTILIZING THE PRE-RETIREMENT CATCH-UP PROVISION PLEASE COMPLETE A PRE-RETIREMENT CATCH-UP

NOTIFICATION AND SUBMIT IT TO MASSMUTUAL.

B. ROTH - AFTER-TAX CONTRIBUTIONS

Only complete this section if your contract includes a Roth contributions feature.

Increase Employee $ or % Frequency* Annual ContributionDecrease

From $ x =Resume Suspend To $ x =

C. EMPLOYEE SIGNATURE

By execution of this document, the Employee authorizes that any Before-Tax Contributions or Roth After-Tax Contributions

indicated above be made by reducing the Employee’s salary. This agreement shall continue to be in effect only while

employment with the Employer continues or until it is altered in accordance to your plan provisions.

__________________________________________ _________________________Employee Signature Date

D. EMPLOYER SIGNATURE

By execution of this document the Employer agrees that any Before-Tax Contributions or Roth After-Tax Contributions indicated

above be made by reducing the Employee’s salary. This agreement shall continue to be in effect only while employment with

the Employer continues or until it is altered in accordance to your plan provisions.

__________________________________________ _________________________Employer Signature Date

Submit this Contribution Change Form to your Employer. MassMutual Retirement Services (MMRS) is a division of Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated

companies and sales representatives.

I am utilizing the plan's age 50+ catch-up provision. (You must be age 50 or older by the end of the calendar year in which

this deferral election is effective. This provision is only available where the plan is sponsored by a governmental employer.)

Contribution Change Form - 457(b) Deferred Compensation

for Employer Use Only

* FrequencyMonthly = 12Bi-Weekly = 26Semi-Monthly = 24Weekly = 52Other:

* FrequencyMonthly = 12Bi-Weekly = 26Semi-Monthly = 24Weekly = 52Other:

620051

droftraH fo ytiC

9

01


Group Number: Participant Number: Social Security Number:

Employer: Department /Location

Plan:

Participant Name: (Last, First, M.I.)Name Change? Please provide documentation

Mailing Address:

New?

City: State: Zip:


A. PRE-RETIREMENT CATCH-UP NOTIFICATION

Normal Retirement Age (as defined in the Plan document): _________

Three consecutive year Pre-Retirement Catch-up Period: ___________, ___________, ___________ (ends with calendar year

preceding calendar year in which you will attain Normal Retirement Age.)

Total Pre-Retirement Catch-Up Amount: $___________________.

In accordance with the terms of the Plan and my Employer's established policies and procedures, my normal retirement age is as

stated above. For the Pre-Retirement Catch-Up Period stated above, I am eligible to defer additional amounts in accordance with

and subject to the pre-retirement catch-up rule set forth in the Plan and at Internal Revenue Code Section 457(b)(3). In accordance

with this rule, during this period, I am eligible to defer, in total, the lesser of the amount stated above or the limits imposed under

Internal Revenue Code Section 457(b)(3). The amount stated above represents the amount of previously underutilized limitations

determined under the Plan.

Employee Signature Date

B. EMPLOYER SIGNATURE

We the undersigned understand and agree that the Participant is eligible to make deferrals to the Plan in excess of the standard

limit imposed under Internal Revenue Code Section 457(b)(2)(A) up to the limit imposed by Section 457(b)(3) for the Pre-

Retirement Catch-Up Period set forth above.

Employer Date

Instructions:1. Submit the completed Notification to MassMutual at the address above.2. Provide a copy to your Employer and complete a salary deferral agreement. 3. Keep a copy for your records.

MassMutual Retirement Services (MMRS) is a division of Massachusetts Mutual Life Insurance Company(MassMutual) and its affiliated companies and sales representatives.

Form HVL-462-3 Rev. 3.14 chupdcp.pdf

Pre-Retirement Catch-up Notification

Mail Address:MassMutual Retirement ServicesPO Box 1583Hartford, CT 06144-1583

Overnight Mail Address:MassMutual Retirement Services1 Griffin Road NorthWindsor, CT 06095-1512

620051

droftraH fo ytiC

11

21


aÏ«·7² » »´»¹·¾´» °¿®¿ °¿®¬·½·°¿® »² »´ °´¿²á

aÝ-³± °«»¼± ¿°±®¬¿®áß°±®¬» ¬®¿¼·½·±²¿´» ¿²¬» ¼» ·³°«»¬±

ß°±®¬» °¿®¿ °±²»®» ¿´ ¼3¿

aÍ» ¿½»°¬¿² ¬®¿°¿±á

aÐ«»¼± ³±¼·º·½¿® ³· ¿°±®¬»á

aÝ«?´» ±² ³· ±°½·±²» ¼» ·²ª»®·-²á

Í»®ª·½·± ¼» ¿»±®¿³·»²¬± § °´¿²·º·½¿½·-² ¼» ´¿ ¶«¾·´¿½·-² °±® ×²¬»®²»¬ ó Ñ®·»²¬¿½·-²

31

î

aÝ«?´» ±² ´¿ ½±³··±²» § ½¿®¹± ¿±½·¿¼± ½±² »¬» °´¿²á

aÐ«»¼± ®»¬·®¿® ¼·²»®± ¼» ³· ½«»²¬¿á

i

i

i

i

i

i

i

Ý¿®¹± ¼» ®»¬·®±ñ®»½¿¬»

aÏ«7 «½»¼» · ¬»²¹± «²¿ ¼·º·½«´¬¿¼ »½±²-³·½¿á

aØ¿§ °®7¬¿³± ¼·°±²·¾´»á

41

.tnemeriter ni efil rof nalp ot syap tIot ytilibixelf eht si tnemeriter fo trap egral A ?meht eveihca ot nalp uoy od woH ?slaog tnemeriter ruoy era tahW sgnivas tnemeriter s’reyolpme ruoY .gninnalp sekat ytilibixelf fo dnik taht dna ,tnaw uoy nehw tnaw uoy tahw od

.pleh nac nalp

.citamotua s’tItuo emoc lliw noitubirtnoc ruoy taht snaem nalp tnemeriter ecalpkrow ruoy hguorht tsevni dna evas ot gnisoohC

,kcehc a gnitirw tuoba yrrow ot evah reven ll’uoY .yap emoh-ekat ruoy ees neve uoy erofeb kcehcyap ruoy fo .evas ot dednetni uoy yenom gnidneps ro ,tisoped a ekam ot gnirebmemer

.etadilosnoc ot syap tI

ssecorp ehT .nalp siht otni meht gnitadilosnoc tuoba kniht ,sARI ro snalp roirp morf stessa tnemeriter evah uoy fI llac ,detrats teg oT .gninnalp tnemeriter ruoy yfilpmis uoy pleh nac dna ysae si 9009-825-008-1 tahw nrael ot

ot yppah eb lliw stsilaicepS revolloR fo maet ruO .tpecca lliw nalp tnemeriter tnerruc ruoy snoitubirtnoc fo sepyt .ssecorp ni-llor eht yfilpmis ot krowrepap deriuqer eht htiw uoy pleh

.srettam noitalfnI

ni gnitae tsuJ .gninnuts eb nac stsoc eht dna ,noitalfni ni rotcaf – ydaerla hguone evisnepxe si tnemeriteR %3 tsedom a gniddA .sraey 02 revo ,yad a slaem 3 ,laem a 5$ - 000,002$ revo elpoep owt tsoc nac tnemeriter

.000,003$ ylraen ot sllews tsoc eht ,etar noitalfni launna

,yadot gniraperp yB .semoc emit eht nehw droffa nac uoy tahw yb denimreted eb yam tnemeriter ni evil uoy woH .worromot efil ruoy rof seciohc erom evah yam uoy

?evas uoy dluohs hcum woH

uoy reilrae ehT .gnitsevni trats uoy nehw dna tnemeriter ni evah ot ekil d'uoy yenom hcum woh no sdneped tI .uoy rof krow ot sah yenom ruoy emit erom eht ,trats

ta rennalP laoG tnemeriteR eht tuo kcehc ,evas ot hcum woh ediced uoy pleh oT evres/moc.lautumssam.www ro

.ecivda rof lanoisseforp laicnanif a ksa

.yletaidemmi sexat no evas yam uoYtnerruc erofeb yap ssorg ruoy morf detcuded eb yam nalp ruoy ni tnemtsevni rof ezirohtua uoy snoitubirtnoc ehT

siht esuaceB .sgnivas xat-erofeb sa nwonk si sihT .dlehhtiw era sexat emocni )etats ,sesac tsom ni ,dna( laredef na no gnitsevni erew uoy fi naht yap ruoy fo erom emoh ekat ylbaborp ll’uoy ,emocni elbaxat tnerruc ruoy secuder

.sisab xat-retfa

era yeht litnu dexat ton( derrefed-xat era tnuocca ruoy ni sgninrae laitnetop yna ,snoitubirtnoc ruoy ot noitidda nI .tnuocca ruoy fo eulav eht esaercni yllacitamard yam sgnivas derrefed-xat ,emit revO .llew sa )nwardhtiw

.erom nraeL

ot og ,secruoser dna ,srotaluclac ,sloot enilno ruo dna noitamrofni tnuocca ruoy ssecca oT evres/moc.lautumssam.www llac ,nosrep laer a ot klat ot deen dna snoitseuq evah uoy fI . 9009-825-008-1 .

51

61RS2070_GP2 514

��startswithastrategy

OPTION 1 OPTION 2

.snoitpo tog ev’uoYelpitlum sreffo nalp ruoy yhw s’tahT .gnitsevni ot hcaorppa lla-stif-ezis-eno on si erehT

.tnemeganam tessa rof seigetarts dliub ot tpo nac uoy ro dnuf etad tegrat a tceles nac uoY snoitpo tnemtsevni laudividni s’nalp ruoy morf gnitceles yb oiloftrop nwo ruoy .

.dnuf etad tegrat a tceleSdeen uoy lla s’tahT ?eriter uoy lliw raey tahW

.sdnuf etad tegrat eht fo eno tceles ot wonk ot tegrat a ,oiloftrop tnemtsevni ”eno ni-lla“ nA

tnemtsevni fo xim deifisrevid a si dnuf etad emit eht noitaredisnoc otni sekat taht snoitpo

.eriter uoy erofeb tsevni ot evah uoy

tnemtsevni fo xim a ssorca deifisrevid si tI pleh ot decnalaber yllacitamotua dna snoitpo

.kcart no noitacolla s’dnuf eht peek

ot tsesolc si taht dnuf eht esoohc ylpmis uoY revo gnitsujdA .etad tnemeriter tegrat ruoy semoceb stnemtsevni fo noitacolla eht ,emit ruoy ot resolc teg uoy sa evitavresnoc erom

eht fo eulav lapicnirp ehT .etad tnemeriter ton si noitpo tnemtsevni etad tegrat

tegrat eht gnidulcni ,emit yna ta deetnaraug .etad

.stnemtsevni nwo ruoy esoohCeht fo yna morf oiloftrop ruoy dliub nac uoY

sihT .nalp eht ni snoitpo tnemtsevni laudividni evah ohw srotsevni ot detius tseb si ygetarts

tnemtsevni rieht yduts ot emit eht nekat .snoitpo

fo yteirav a sreffo nalp tnemeriter ruoY

ksir fo egnar a gnirevoc ,snoitpo tnemtsevni emoS .sevitcejbo tnemtsevni dna slevel

eht ni esaercni na kees snoitpo tnemtsevni ot mia srehto elihw )htworg( serahs fo eulav

rof )tseretni ro sdnedivid( emocni nrae srotsevni .

uoy ,snoisiced tnemtsevni ruoy gnikam erofeB

laicnanif a htiw tlusnoc ot tnaw yam .lanoisseforp

hcihw ,elyts gnitsevni ruoy yfitnedi uoy pleh ot dengised si segap gniwollof eht no eriannoitseuq ehT .uoy rof thgir eb thgim noitpo tnemtsevni hcihw ediced uoy pleh yam

INVESTOR SELF-ASSESSMENT QUESTIONNAIRE

This questionnaire can help you determine your investing comfort zone and what type of investment mix might be best for your goals and objectives. Add up the points for each question and check your score on the following page to help you select your investment mix.

1. Which hypothetical investment option would you choose?

FIRST YEAR RETURN POTENTIAL

First-year gain (max) Chance of first-year loss

8% increase 0% 0

20% 20% 2

25% 33% 4

2. My main objective for my investment portfolio is to:

Avoid losses 0

Keep pace with the stock market 2

Outperform the stock market 4

3. If my $100,000 long-term investment dropped in value to $85,000 after one year and rose to $125,000 after two years, I would be:

Extremely uncomfortable – I would move my money immediately to a lower risk investment to protect my gain 0

Slightly uncomfortable – I would move my money to a lower risk investment to protect my gain 2

Comfortable – I would maintain my investment 4

4. If I could potentially get a higher rate of return by accepting greater volatility in my portfolio, I would:

Accept a lot more volatility 4 Accept slightly more volatility 2 Not accept any more volatility 0

5. Below are five investment models with hypothetical maximum returns and maximum losses over a one-year period. I would feel most comfortable investing in:

Portfolio A 4 Portfolio B 3 Portfolio C 2 Portfolio D 1 Portfolio E 0

6. If my $100,000 long-term investment declined in value during the first year, I would move it to a lower risk investment when it declined in value to:

$95,000 (loss of 5%) 0 $90,000 (loss of 10%) 1 $85,000 (loss of 15%) 2 $80,000 (loss of 20%) 3 I would not move it 4

7. A hypothetical $100,000 investment has the possibility of losing $10,000 in the first year. What is the minimum potential one-year gain you would accept given the possibility of loss for you to be comfortable with this investment?

$10,000 4 $25,000 3 $35,000 2 $45,000 2 I would not risk losing that amount of money 0

�� areyou?

-20%

-10%

0%

10%

20%

30%

40% 42.05%

35.22%

29.25%

22.32%17.00%

-14.39%-11.27%

-8.52%-5.18%

-3.19%

A B C D E

71

8. When attempting to achieve my investment goals:

I don’t want my portfolio to lose any value, even if it will take longer to achieve my investment goals 0

I will tolerate small fluctuations in my portfolio’s value 1

I will tolerate moderate fluctuations in my portfolio’s value 2

I will tolerate large fluctuations in my portfolio’s value 3

I will tolerate extreme fluctuations in my portfolio’s value 4

Tally your results by adding the points from questions 1 through 8.

Your total _____________

RS2070_ QUIZ 614

INVESTOR SELF-ASSESSMENT SCORE

Find your total score in the chart below, along with your retirement timeline, to see what type of investment mix may be best for you. This chart is only a guide. Please determine your own investing comfort zone.

YEARS TO RETIREMENT 0–3 POINTS 4–11 POINTS 12–22 POINTS 23–28 POINTS 29–32 POINTS

0–3 years Conservative Conservative Conservative Conservative Conservative

3–5 years Conservative Moderate Moderate Moderate Moderate Conservative Conservative Conservative Conservative

5–7 years Conservative Moderate Moderate Moderate Moderate Conservative

7–12 years Conservative Moderate Moderate Moderate Moderate Conservative Aggressive Aggressive

12+ years Conservative Moderate Moderate Moderate Aggressive Conservative Aggressive

Investor Self-Assessment Questionnaire is provided by Mesirow Financial Investment Management, Inc. Mesirow Financial Investment Management, Inc. is an SEC-registered investment advisor and is not an affiliate or subsidiary of MassMutual.

The results of this questionnaire are intended to help you identify what your optimal asset allocation model may be. The questionnaire is not intended to provide a complete investment profile or to offer individual advice. Mesirow Financial created these risk-based asset allocation models using the following six asset classes: Large Cap Blend Domestic Equity; Mid Cap Blend Domestic Equity; Small Cap Blend Domestic Equity; Large Cap Blend foreign Equity; Intermediate-Term Domestic Bond; and Cash Equivalent/Principal Focused-Extended Duration.

81

Asset allocation is the strategy of spreading your account contributions over a variety of investment categories and/or individual investments. here are five examples of risk-based investment mixes that you may use as a guide when selecting your investment options.

Note: The sample portfolios are illustrative only and do not represent actual investment mixes.

AssetClasses

�� :risk-basedinvestmentmodels

Aggressive model For investors who are willing and able to stay the course through short-term volatility and want the potential for high portfolio returns over the long term. They should have a long time horizon and a high tolerance for risk, as frequent short-term losses and extreme volatility are to be expected.

Moderate aggressive model For investors with a longer time horizon. While their portfolio will typically have a higher than average volatility, it may provide for the potential of higher than average returns over the long term. Investors should be willing to accept short-term losses and less stable returns.

Moderate model For investors who are equally concerned with balancing their level of risk and return. They look to have returns in excess of inflation and increase value over the long term. Should be willing to accept short-term losses and fluctuations in portfolio value.

Moderate conservative model For investors attempting to avoid a loss of assets in the short term, with a secondary objective of seeking a higher return over the long term to mitigate the effects of inflation. The portfolio may have some relative stability, but in order to combat inflation, some fluctuations in the portfolio should be expected.

Conservative model For investors with short-term investment horizons, who want to minimize the potential for loss of value and who are looking for stability of assets. Portfolio may have steady and more predictable returns than more aggressive portfolios. Investors should be willing to forgo the potential for higher long-term returns for stability.

Take some time today to learn about your plan’s investment options to help you make informed decisions.

Asset Allocation modeling offered by Mesirow Financial Investment Management, Inc. Mesirow Financial Investment Management, Inc. is an SEC-registered investment advisor and is not an affiliate or subsidiary of MassMutual.

The information provided in this presentation by Mesirow Financial Investment Management, Inc. is for informational purposes only and should not be construed as a recommendation to purchase or sell any particular security or investment vehicle(s) offered by Mesirow Financial Investment Management, Inc. (MFIM) or affiliates of MFIM. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. Mesirow Financial and its affiliated companies and/or individuals may, from time to time, own, have long or short positions in, or options on, or act as a market maker in, any securities or investment strategies discussed herein and may also perform financial advisory or investment banking services for those companies or in regard to those strategies. Further, Mesirow Financial may receive fees for selling or advising on the purchase or sale of products mentioned herein. Additionally, Mesirow Financial may also receive fees paid by manufacturers or distributors of said products in connection to other professional services provided by the applicable Mesirow Financial affiliate. The sale or advice provided is in no way related to or contingent upon the payment received for these other services. It should not be assumed that any recommendation incorporated herein will be profitable or will equal past performance. Mesirow Financial does not provide legal or tax advice. Model performance information and results do not reflect actual trading and the results may not reflect the impact that material economic and market factors may have had on MFIM’s decision making if MFIM were actually managing clients’ money. Any securities contained or investment strategies used in the model performance results provided herein do not relate or only partially relate to the advisory services currently offered by MFIM. MFIM’s clients may have had results materially different from the results provided. Securities offered through Mesirow Financial Investment Management, Inc., member NYSE, SIPC.

RS2070_ QUIZ 614 91

UndeRstanding YOUR investment OPtiOns.

Your plan offers a variety of investments, whichare made up of different types of securities, asdescribed below.

Money market/Stable value investmentsthese short-term investments are designed to providea steady rate of return, greater investment stability, anda relatively lower level of risk. although the portfolioseeks to preserve the value of your investment at $1.00per share, it is possible to lose money in a stable valueinvestment, and the yield will fluctuate with changes inmarket conditions. Over time, these investments haveprovided lower returns than stock or bond funds.investments in a money market account are not insuredor guaranteed by the Federal deposit insuranceCorporation or any other government agency.

Bondsbonds represent “loans” investors make tocorporations, governments or agencies, and aredesigned to provide stability, income, and someappreciation in value. if held to maturity, bonds offer afixed rate of return and a fixed principal value. bondsgenerally offer a potentially higher return than moneymarket/stable value investments and a lower returnthan stocks. the value of bonds usually fluctuates lessthan stocks. However, corporate bonds, U.s. treasurybills, and government bonds will fluctuate in value,and the return of principal is not guaranteed if soldbefore maturity.

Stocksstocks represent part ownership in a business and aremeant to provide long-term growth by increasing invalue. some stocks also provide dividend income.Historically, stocks have outperformed other types ofinvestments over the long term. However, stocksfluctuate in value more than money market/stablevalue investments or bonds, and when sold may beworth more or less than their original cost. keep inmind that you can’t predict future results based onhow the market performed in the past.

Balanced investmentsbalanced investments consider the risk and returnpotential of each asset class and invest a percentageof assets in both stocks and bonds, along with a smallamount in stable value investments for liquidity.

International stocksinvestments in stocks issued by foreign businessesprovide investors with potential long-term growth ofcapital while helping to diversify their portfolios.Foreign stocks may offer greater returns than U.s.investments but also involve higher risks relating tointerest and currency exchange rates, securitiesregulation, and taxes, as well as unstable economic orpolitical conditions. international stocks fluctuate invalue and may be worth more or less than theiroriginal cost. global investments have assets in bothforeign and U.s. stocks.

large-cap* stocksLarge-cap stocks are shares in large, financiallyestablished “blue chip” companies with a market capof over $10 billion. the goal of these investments isthe long-term growth of capital. Risk and return aretypically moderate to high.

Mid-cap* stocksthese shares in companies in the $2 billion to $10billion market cap range seek long-term growth. sincemid-cap stocks may fluctuate more widely than themore stable large-cap stocks, there is a potential forgreater long-term growth as well as higher risk.

Small-cap* stockssmall-cap stocks represent companies with a marketcap of $300 million to $2 billion. Over long periods oftime, small-cap stocks have had higher returns thanlarge-cap stocks, which makes them attractive toaggressive investors. at the same time, they are muchmore volatile and have higher short-term risk.

Specialty stocksspecialty investments are concentrated in a specificarea of the market, such as technology or health care.because they are focused on a small market segment,these investments tend to have both a higher risk andhigher potential for return than more diversifiedinvestments.

all investments possess some element of risk,including possible loss of principal. Past performanceis no guarantee of future results.

*the term “cap” is short for market capitalization, which iscalculated by multiplying the price of a stock by thenumber of outstanding shares. generally speaking, thisrepresents the market’s estimate of a company’s value.

02

Investment options at a glance

How much risk you are comfortable with is an important consideration in choosing how you allocate your assets. How do you feel about investment risk – the chance that your investments could lose money? You also need to think about inflation risk – the risk that conservative investments such as short-term investments may not keep pace with inflation. Investing in more than one asset class – or a blend of them – may help you to balance your risk.

Investment Options RISK/RETURN SPECTRUMFor illustrative purposes only; please consult an investment profile or prospectus for detailed risk/return information.

RS2070_RISKRET 814

KSIR REHGIH/NRUTER REHGIH

ytlaicepS 1

labolG/lanoitanretnI 2 4R htworG cificaPoruE sdnuF naciremA A yrevocsiD labolG lautuM nilknarF

AI SLH seitinutroppO lanoitanretnI droftraH A stekraM gnipoleveD remiehneppO

pac-llamS 3 VNI eulaV paC llamS yrutneC naciremA A htworG gnipoleveD ttebbA droL

A ytiuqE eulaV paC llamS htroWegdiR larimdA xednI paC-llamS draugnaV

pac-diM 4 VNI paC diM nasitrA A seitinutroppO eulaV ttebbA droL

A ytiuqE eulaV paC-diM htroWegdiR VNI xednI paC-diM draugnaV

pac-egraL I lanoitutitsnI noitaicerppA latipaC reglA A noitaicerppA latipaC kcoRkcalB

AI SLH noitaicerppA latipaC droftraH AI SLH eulaV droftraH

A emocnI dna htworG ocsevnI VDA kcotS htworG ecirP ewoR .T

larimdA xednI 005 draugnaV

*decnalaB/noitacolla tessA otsevnI 5102 tnemeriteR tegraT draugnaV otsevnI 5202 tnemeriteR tegraT draugnaV otsevnI 5302 tnemeriteR tegraT draugnaV otsevnI 5402 tnemeriteR tegraT draugnaV

otsevnI emocnI tnemeriteR tegraT draugnaV

sdnoB 5 VNI dnoB detsujdA noitalfnI yrutneC naciremA cisaB xednI tekraM dnoB sufyerD

A seitiruceS tnemnrevoG .S.U nilknarF M dnoB dleiY hgiH tseW natiloporteM

A nruteR latoT OCMIP

12

KSIR REWOL/NRUTER REWOL

eulav elbatS/tekram yenoM 6 tnuoccA )etaR deralceD( lareneG

1 .sdnuf ytiuqe deifisrevid lanoitidart naht ksir retaerg ot tcejbus era dna ,rotces ro yrtsudni cificeps a ni detartnecnoc era stnemtsevni s’dnuf ehT

2 tnemtsevni ,seicnerruc ngierof htiw detaicossa sksir lanoitidda dna tnereffid evlovni yam seitiruces rallod-non dna sreussi ngierof ni gnitsevnI .noitairporpxe ro ,raw ,ytilibatsni laicos ro lacitilop ,sexat ,snoissimmoc ,noitaluger seitiruces ,gnitnuocca ,erusolcsid

3 .ytilitalov desaercni sa hcus ,gnitsevni ynapmoc egral ni deretnuocne ylirassecen ton sksir cificeps sevlovni gnitsevni ynapmoc llamS

4 .skcots ynapmoc-egral naht scitsiretcarahc ksir rehgih evah yllareneg skcots pac-diM

5 tiderc retaerg evlovni yllareneg sdnob dleiy hgiH ”.sdnob knuj“ ro seitiruces ”ksir hgih ,dleiy hgih“ sa ot derrefer era woleb dna ”BB“ detar seitiruceS .sdnob edarg-tnemtsevni naht elitalov erom eb yam dna ksir

6 eht hguohtlA .ycnega tnemnrevog rehto yna ro noitaroproC ecnarusnI tisopeD laredeF ehT yb deetnaraug ro derusni ton era sdnuf tekram yenoM tekram yenom a fI .dnuf eht ni ti gnitsevni yenom esol ot elbissop si ti ,)tinu( erahs rep 00.1$ ta tnemtsevni ruoy fo eulav eht evreserp ot skees dnuf

eb tonnac stessa hcihw ni emit fo doirep a eb yam ereht ,margorP eetnarauG s’tnemtrapeD yrusaerT .S.U eht rednu noitadiuqil gnidnep si dnuf .demeeder ro detsevni

.nalp ruoy ni elbaliava fi ,sledom noitacolla tessa edulcni ton seoD *

22

32

.STLUS

ER

ER

UTUF F

O E

ETN

AR

AU

G O

N SI D

NA

EC

NA

MR

OFR

EP TS

AP ST

NES

ER

PE

R N

WO

HS AT

AD

EC

NA

MR

OFR

EP

EHT

nruter tnemtsevni ehT

tnerru

C .tsoc lani

giro rieht naht ssel r

o ero

m htro

w eb ya

m yeht de

meeder era stinu/serahs neh

w taht os etautcu

fl yam tne

mtsevni na fo eulav la

picnirp

dna

detou

q atad ecna

mrofre

p eht m

orf yrav yam ecna

mrofre

pta etis

bew ru

o tisiv ,dne-htn

om tnecer ts

om eht

ot tnerruc atad ecna

mrofre

p ro

F .

evres/m

oc.lautumssa

m.w

ww

.

elbat

gniw

ollof eh

Ttne

mtsevni gni

drager n

oitamr

ofni gni

dulcni ,nalP ru

oy ni snoit

po tne

mtsevni eht gni

drager n

oitamr

ofni htiw u

oy ediv

orp

ot de

dnetni si tne

mtsevni nruter elbairav s’nal

P ruoy r

oF .laireta

m siht fo eta

d eht fo sa el

bacilp

pa snoitcirtser tne

mtsevni yna dna ,sesne

pxe dna seef ,yr

otsih ecnamr

ofrep

.

derap

moc e

b nac ecnamr

ofrep s’n

oitp

o tnemtsevni hcae hcih

w tsniaga n

oitamr

ofni kramhcne

b de

divor

p yllanoiti

dda evah e

w ,snoit

po

a ni tnemtsevni na rehteh

w tuo

ba kniht ot tna

w osla ya

m uo

Y .noit

po na ni tsevni

ot edice

d uoy neh

w redisn

oc ot sr

otcaf ynam

gno

ma era sesnepxe

dna seeF

.sla

og tne

mtsevni ruoy eveihca u

oy pleh lli

w dna secnats

mucric lanosre

p ruoy hti

w stfi ,stne

mtsevni rehto ru

oy htiw

gnola ,n

oitp

o ralucitrap

na rof etis

beW s’r

obaL f

o tnemtra

peD eht tisi

V .tnuocca nal

p tnemeriter ru

oy fo ht

wor

g eht ecuder yllaitnats

bus nac sesnepxe

dna seef fo tceffe evitalu

muc ehT

.l

mth.eeyol

pme_k1

04/sn

oitacilbu

p/asbe/v

og.l

od.

ww

w ta sesnepxe

dna seef fo tceffe

mret-gn

ol eht gni

wohs el

pmaxe 1

dna sreviaw er

ofeb ,sesne

pxe gnitare

po ssalc r

o dnuf launna lat

ot eht sa detneser

p si oitar esne

pxe siht ,snoit

po tne

mtsevni dnuf lautu

m ot tce

pser htiW

,s

dnuf lautum t

on era taht snoit

po tne

mtsevni ot tce

pser htiW .stessa ten lat

ot s'dnuf eht f

o tnecrep a sa

detats dna

dnuf eht yb

diap nee

b evah taht ,stnemesru

bsid

dnuf lautu

m rof

desu esoht

morf reffi

d taht seig

olo

dohte

m gnisu

detaluclac neeb evah ya

m tub ,n

oitamr

ofni ralimis tneser

p ot

dednetni si

oitar esnepxe eht

.sn

oitp

o tnemtsevni

semite

mos( e

grahC n

oitartsinim

dA

dna mar

gor

P eht fo tceffe eht tcelfer t

on o

d ereh detneser

p soita

R esnepx

E gnitare

pO launn

A ssor

G ehT

.tcartn

oc s'nalP ru

oy ot el

bacilp

pa )”egrahc evitartsini

mda

dna ksir esnepxe ,ytilatr

om“ a r

o ,”egrahc tnu

occa etarapes“ a sa

ot derrefer 2

a no stnu

occa tnapicitra

p tsniaga

dessessa ,nalP eht ni sn

oitp

o tnemtsevni eht n

o snruter eht m

orf detcu

ded e

b yam e

grahC evitartsini

md

A dna

marg

orP

A

ehT"

ot refer esaelp ,n

oitamr

ofni rehtruf ro

F .tcartnoc s'nal

P eht rednu secivres evitartsini

mda niatrec rev

oc ot r

osno

ps nalp eht y

b yltcerid

diap r

o sisab ylretrau

q eht ni u

oy ot

detro

per eb lli

w tnuo

ma rallo

d lautca eht ,ecnalab tnu

occa ruoy

ot de

grahc era seef evitartsinim

dA nal

P fI ".sesnepx

E dna see

F evitartsinim

dA s'nal

P ot

degrahc yllautca seef yna n

o noita

mrofni r

of tnemetats tnu

occa ylretrauq ru

oy ot refer esael

P .srucco e

grahc eht hcihw ni retrau

q eht gni

woll

of retrauq ra

dnelac

.tnuocca ru

oy 3eht f

o tceffe eht tcelfer ot

dednetni si

oitaR esne

pxE launn

A ssor

G lato

T eht ,snoit

po tne

mtsevni eht no

detcude

d si egrah

C evitartsinim

dA

dna mar

gor

P a fI hcae r

of oita

R esnepx

E dnu

F gniylre

dnU launn

A ssor

G eht ot e

grahc eht gni

dda y

b tcartnoc s'nal

P ruoy re

dnu elbacil

ppa e

grahC evitartsini

md

A dna

marg

orP

.n

oitp

o tnemtsevni el

bacilp

pa 4erahs ni e

gnahc edulcni

dna lacirotsih era snrute

R .detaci

dni emit f

o d

oirep eht rev

o nruter fo etar

dednu

op

moc y

daets a sa detaluclac era snruter launna e

garevA

.yna fi ,snia

g latipac

dna sdne

divid f

o tnemtsevnier

dna eulav 5evitartsini

md

A dna

marg

orP eht f

o noitcu

ded eht tcelfer ata

d ecnamr

ofrep eseht ,sn

oitp

o tnemtsevni eht n

o detcu

ded si e

grahC evitartsini

md

A dna

marg

orP a fI

taht stifeneb la

wardhti

w yna htiw

detaicossa se

grahc ro seef n

oitp

meder yna f

o noitis

op

mi elbiss

op eht tcelfer t

on o

d tub ,tcartn

oC s'nal

P ruoy

ot elbacil

ppa e

grahC

a n

o seulav tcartnoc s'nal

p ruoy

morf

detcude

d egrah

C evitartsinim

dA

dna mar

gor

P eht evah ot tcele ya

m rosn

ops nal

p ruo

Y .nalP ru

oy hgu

orht elbaliava e

b yam

f

o noitcu

ded eht tcelfer t

on o

d atad ecna

mrofre

p eseht ,sesac eseht fo rehtie nI .yltceri

d egrah

C evitartsinim

dA

dna mar

gor

P eht yap

ot tcele yam r

o sisab ylretrau

q

.tcartnoc s'nal

P ruoy

ot elbacil

ppa e

grahC evitartsini

md

A dna

marg

orP eht

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

6laitini eht f

o etad n

oitpecni eht

ot detaluclac era trahc siht ni

detcelfer snruter ecnamr

ofrep eh

T .dl

o sraey 01 naht re

wef sdnuf r

of desu si nruter n

oitpecni ecni

S erahs

dnuf eht fo eta

d noit

pecni eht ot

detaluclac era tnemtsevni kra

mhcneb hcae

ot tcepser hti

w trahc siht ni detcelfer snruter ecna

mrofre

p ehT .

dnuf eht fo ssalc

.

derap

moc

gnieb si ti hcih

w ot ssalc 8

,seef esahcrup ,seef tnu

occa ,seef egnahcxe ,seef n

oitp

meder .

g.e( noit

po siht ni tne

mtsevni ruoy

morf yltceri

d dia

p seef era noitces siht ni

debircse

d seef ynA

.)se

grahc rednerrus r

o ,seef lawar

dhtiw r

o refsnart 31seitiruces ,

gnitnuocca ,erus

olcsid tne

mtsevni ,seicnerruc ngier

of htiw

detaicossa sksir lan

oitid

da dna tnereffi

d evlovni ya

m seitiruces ngier

of ni stnemtsevnI

.n

oitairp

orpxe r

o raw ,ytili

batsni laicos r

o lacitilo

p ,sexat ,snoissi

mm

oc ,noitalu

ger 41 .skc

ots ynap

moc e

gral naht scitsiretcarahc dra

wer ksir rehgih evah yllarene

g skcots yna

pm

oc llam

S 51

.skcots yna

pm

oc egral naht scitsiretcarahc

drawer

dna ksir rehgih evah yllarene

g skcots

paC

diM 61

".sdn

ob knuj" r

o "seitiruces ksir hgih ,

dleiy hgih" sa

ot derrefer yln

om

moc era ,"

BB

B" ,edar

g tnemtsevni

wole

b detar seitiruce

S 63nee

b evah dna .cnI ,seina

pm

oC lli

H-war

GcM eht f

o skrame

dart era ”0

05“ dna ”

005 s’r

oo

P &

dradnat

S“ ,”P

&S“ ,”s’r

oo

P &

dradnat

S“ .xedni

degana

mnu na si P

&S

s’r

oo

P dna

dradnat

S yb

deto

mor

p ro

dlos ,

desro

dne ,der

osno

ps ton si n

oitp

o tnemtsevni sih

T .setailiffa sti dna yna

pm

oC ecnarusnI efiL

droftra

H yb esu r

of desnecil

tceri

d rof el

baliava ton xe

dni de

ganamnu na si

P&

S .noit

po tne

mtsevni siht ni gnitsevni f

o ytilibasiv

da eht gni

drager n

oitatneserper

on sekam

P&

S dna )”

P&

S“(

.gnitsevni

siht ni de

dulcni steehS noit

pO tne

mtsevnI eht ot refer esael

p ,sliated lan

oitid

da roF .sn

oitp

o tnemtsevni niatrec hti

w detaic

ossa sksir cfiice

ps era erehT

.ko

oB tne

mllorn

E efiL

droftra

H yb

deussi )Y

N35561 ,355

61-LH ,

YN

62302 ,

62302-L

H( stnemeer

ga gni

dnuf elbairav

puor

g hgu

orht elbaliava era

marg

orp seitili

bisso

P eht ni stnemtsevnI

.yna

pm

oC ecnarusnI efiL lautu

M sttesuhcassaM y

b deretsini

mda era stcartn

oC .)

TC ,yru

bsmi

S( ynap

mo

C ecnarusnI .stna

picitrap nal

p ot

dessessa eb ya

m hcihw se

grahc nalp yna f

o noitcu

ded eht tcelfer t

on seo

d ecnamr

ofreP

eht fo seci

ohc tnemtsevni eht hti

w detaic

ossa sesnepxe

dna segrahc ,seef

desab-tessa eht yln

o sw

ohs elbat sih

Ttne

meerga

gnidnuf el

bairav pu

org

ot refer esaelP .

a sa hcus tcartn

oc s'nalp ru

oy ot yl

ppa ya

m taht segrahc

dna seef rehto n

o noita

mrofni r

of ,elbacil

ppa sa ,stne

muco

d erusolcsi

d ro sutce

psor

p tcud

orp eht

.el

bacilp

pa fi ,segrahc r

o seef rehto

dna ,eef ecnanetniam launna ,e

grahc selas derrefe

d tnegnitn

oc

©51

02dei

poc e

b ton ya

m )2( ;srediv

orp tnetn

oc sti ro/

dna ratsgninr

oM

ot yrateirp

orp si )1( :niereh

deniatnoc n

oitamr

ofni ehT .

devreseR sth

giR ll

A .cnI ,ratsgninr

oM

sessol r

o sega

mad yna r

of elbisn

opser era sre

divor

p tnetnoc sti r

on ratsgninr

oM rehtie

N .ylemit r

o etelp

moc ,etarucca e

b ot

detnarraw t

on si )3( dna ;

detubirtsi

d ro

.n

oitamr

ofni siht fo esu yna

morf

gnisira

42

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

52

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

se

grahC

& seeF elbacil

pp

Aecna

mrofre

P noit

pO tne

mtsevnI 5

ssalC erahS / e

maN

dnuF yr

ogeta

C ratsgninr

oM

kramhcne

B elbacil

pp

A sn

oitcirtseR

& seeF

launnA ss

orG

dnuF

gniylredn

Uoita

R esnepx

E 1

dna mar

gor

P evitartsini

md

Ae

grahC

2

launnA ss

orG lat

oToita

R esnepx

E 3

nruteR lat

oTnrute

R launnA e

garevA

4

noit

pecnI

etaD

% a s

A

00

01$ reP

detsevni

.o

M 3

DTY

.rY 1

.rY 5

.rY

01 ecniS

tpecnI

6

SN

OITP

O TN

EMTS

EV

NI N

RUT

ER

ELB

AIR

AV

.nruter fo etar

detats ro

dexif a evah ton

od taht sn

oitp

o tnemtsevni n

o sesucof

wole

b elbat eh

Tla

picnirp

dna nruter tnemtsevni eh

T .STL

USE

R E

RU

TU

F F

O E

ET

NA

RA

UG

ON SI

DN

A E

CN

AM

RO

FR

EP

TSA

P ST

NES

ER

PE

R N

WO

HS A

TA

D E

CN

AM

RO

FR

EP

EH

T ya

m ecnamr

ofrep tnerru

C .tsoc lani


o ero

m htro

w eb ya

m yeht de

meeder era stinu/serahs neh

w taht os etautculf ya

m tnemtsevni na f

o eulav

.det

ouq ata

d ecnamr

ofrep eht

morf yrav

ta etisbe

w ruo tisiv ,

dne-htno

m tnecer tso

m eht ot tnerruc ata

d ecnamr

ofrep r

oF

evres/m

oc.lautumssa

m.w

ww

.

L

AB

OLG/L

AN

OITA

NR

ETNI

eht fo sn

oitidn

oc lacitilo

p dna ,ci

mon

oce ,tekram hti

w sa llew sa se

gnahc etar-egnahcxe-ycnerruc

dna etar-tseretni htiw

detaicossa sksir evl

ovni skcots lan

oitanretni ni stnemtsevnI

r

o ero

m htro

w eb ya

m dna eulav ni etautculf skc

ots lanoitanretnI .stne

mtsevni .S.

U htiw naht sksir retaer

g osla tu

b snruter retaerg e

b yam erehT .e

dam era stne

mtsevni erehw seirtnu

oc

.tsoc lani

giro rieht naht ssel

4R ht

wor

G cificaP

oruE s

dnuF nacire

mA

31

htw

orG e

graL ngier

oF

%

48.

0

%0

0.0

%

48.

0

04.

8$

%5

0.1-

%20.1

%

05.2

%9

0.7

%39.

6

A/N

4

891/

61/4

0

D

SU

RN ht

wor

G A

SU x

E IW

CA I

CS

M

%56.2-

%

91.5

%34.5

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

A yrev

ocsiD la

bol

G lautuM nilknar

F

kcot

S dlr

oW

%13.1

%

00.

0

%13.1

01.31$

%

43.0-

%

04.1-

%

84.

6

%78.

9

%9

4.8

A/

N 2

991/13/21

D

SU

RN I

WC

A IC

SM

%

61.4

%71.

9

%9

0.6

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

SLH seitinutr

op

pO lan

oitanretnI dr

oftraH

AI 31

dnel

B egraL n

giero

F

%

47.0

%

00.

0

%47.

0

04.7

$

%6

4.1-

%75.0

%

64.1

%

99.7

%

90.7

A/

N

09

91/20/7

0

D

SU

RN

AS

U xE I

WC

A IC

SM

%7

8.3-

%34.

4

%31.5

A/N

snoitcirtseR

dna seeF

8 :

A/

N

62

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

A stekra

M gni

poleve

D remiehne

pp

O

stkM

gnigre

mE

deifisreviD

%

63.1

%0

0.0

%

63.1

06.31

$

%65.

9-

%72.1-

%10.2

%72.

6

%10.11

A/

N

69

91/81/11

D

SU

RN

ME I

CS

M

%91.2-

%

87.1

%34.

8

A/N

snoitcirtseR

dna seeF

8 :

A/

N

P

AC-LL

AMS

.skcots yna

pm


drawer


g skcots

pac-llam

S

VNI eula

V pa

C llam

S yrutneC nacire

mA

41

eulaV lla

mS

%

03.1

%0

0.0

%

03.1

00.31

$

%41.1

%

40.3-

%5

4.5

%83.31

%

67.8

A/

N

89

91/13/70

D

SU

RT eulaV

00

02 llessuR

%22.

4

%62.

41

%9

8.6

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

A htw

orG

gnip

oleveD tte

bb

A dr

oL

41

htw

orG lla

mS

%

89.

0

%0

0.0

%

89.

0

08.

9$

%

60.1-

%1

6.2-

%38.

0-

%38.

91

%0

4.21

A/N

3791/

01/01

D

SU

RT htw

orG

00

02 llessuR

%

06.5

%

08.

61

%45.

8

A/N

snoitcirtseR

dna seeF

8 :

A/

N

A ytiuq

E eulaV

paC lla

mS htr

oWe

gdi

R

41

dnel

B llam

S

%25.1

%

00.

0

%25.1

02.51$

%37.1-

%2

8.3-

%58.3

%2

9.31

%10.

9

A/N

79

91/13/10

D

SU

RT 0

002 llessu

R

%9

8.4

%55.51

%77.7

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

se

grahC

& seeF elbacil

pp

Aecna

mrofre

P noit

pO tne

mtsevnI 5

ssalC erahS / e

maN

dnuF yr

ogeta

C ratsgninr

oM

kramhcne

B elbacil

pp

A sn

oitcirtseR

& seeF

launnA ss

orG

dnuF

gniylredn

Uoita

R esnepx

E 1

dna mar

gor

P evitartsini

md

Ae

grahC

2

launnA ss

orG lat

oToita

R esnepx

E 3

nruteR lat

oTnrute

R launnA e

garevA

4

noit

pecnI

etaD

% a s

A

00

01$ reP

detsevni

.o

M 3

DTY

.rY 1

.rY 5

.rY

01 ecniS

tpecnI

6

72

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

larim

dA xe

dnI pa

C-llam

S drau

gnaV

41

dnel

B llam

S

A/

N

%0

0.0

%

00.

0

00.

0$

%

60.

0

%51.2-

%93.7

%

61.71

%92.

9

A/N

0

002/31/11

D

SU

RT 0

002 llessu

R

%9

8.4

%55.51

%77.7

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

P

AC-

DIM

.skcots yna

pm


drawer


g skcots

pac-di

M

VNI

paC

diM nasitr

A 51

htw

orG

paC-

diM

%

92.1

%0

0.0

%

92.1

09.21

$

%76.

0-

%16.1-

%35.3

%5

6.81

%

66.

01

A/N

79

91/72/6

0

D

SU

RT htw

orG

paC

diM llessu

R

%0

9.11

%4

9.61

%3

4.9

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

A seitinutr

op

pO eula

V tteb

bA

droL

dnel

B pa

C-di

M

%

82.1

%0

0.0

%

82.1

08.21

$

%29.

0

%17.2-

%57.8

%

90.

41

A/N

%31.

41 5

002/

03/21

D

SU

RT pa

C di

M llessuR

%22.31

%

91.71

A/N

%22.

9

snoitcirtseR

dna seeF

8 :

A/

N

A ytiuq

E eulaV

paC-

diM htr

oWe

gdi

R 51

eulaV

paC-

diM

%

04.1

%

00.

0

%0

4.1

00.

41$

%

00.1-

%1

6.3-

%54.

9

%58.

41

%8

4.01

%

82.51 3

002/72/

01

D

SU

RT eulaV

paC

diM llessu

R

%57.41

%3

4.71

%34.

9

A/N

snoitcirtseR

dna seeF

8 :

A/

N

se

grahC

& seeF elbacil

pp

Aecna

mrofre

P noit

pO tne

mtsevnI 5

ssalC erahS / e

maN

dnuF yr

ogeta

C ratsgninr

oM

kramhcne

B elbacil

pp

A sn

oitcirtseR

& seeF

launnA ss

orG

dnuF

gniylredn

Uoita

R esnepx

E 1

dna mar

gor

P evitartsini

md

Ae

grahC

2

launnA ss

orG lat

oToita

R esnepx

E 3

nruteR lat

oTnrute

R launnA e

garevA

4

noit

pecnI

etaD

% a s

A

00

01$ reP

detsevni

.o

M 3

DTY

.rY 1

.rY 5

.rY

01 ecniS

tpecnI

6

82

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

VNI xe

dnI pa

C-di

M drau

gnaV

51

dnel

B pa

C-di

M

%

42.0

%

00.

0

%42.

0

04.2

$

%30.1

%

99.1-

%1

0.41

%52.71

%

44.

9

A/N

8

991/12/5

0

D

SU

RT pa

C di

M llessuR

%22.31

%

91.71

%65.

9

A/N

snoitcirtseR

dna seeF

8 :

A/

N

P

AC-

EG

RAL

.tsoc lani


o ero

m htro

w eb ya

m ,de

meeder neh

w ,serahS .stne

mtsevni tekram yen

om r

o sdn

ob naht ksir er

om

ot tcejbus era

dna eulav ni etautculf skcot

S

I lanoitutitsnI n

oitaicerp

pA lati

paC re

glA

htw

orG e

graL

%

91.1

%0

0.0

%

91.1

09.11

$

%11.1

%9

4.1-

%6

0.41

%2

0.61

%3

9.11

A/N

39

91/8

0/11

D

SU

RT htw

orG

00

01 llessuR

%5

0.31

%18.51

%

94.

8

A/N

snoitcirtseR

dna seeF

8 :

A/

N

A n

oitaicerp

pA lati

paC kc

oRkcal

B

htw

orG e

graL

%7

0.1

%0

0.0

%7

0.1

07.01

$

%20.

0-

%17.1-

%6

6.9

%32.31

%

94.7

A/

N 2

991/

42/21

D

SU

RT htw

orG

00

01 llessuR

%5

0.31

%18.51

%

94.

8

A/N

snoitcirtseR

dna seeF

8 :

A/

N

AI

SLH n

oitaicerp

pA lati

paC

droftra

H

dnel

B egraL

%7

6.0

%

00.

0

%76.

0

07.6

$

%23.1-

%9

4.2-

%61.

8

%70.31

%55.

8

A/N

4

891/2

0/4

0

D

SU

RT 0

001 llessu

R

%42.31

%

46.51

%

69.7

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

se

grahC

& seeF elbacil

pp

Aecna

mrofre

P noit

pO tne

mtsevnI 5

ssalC erahS / e

maN

dnuF yr

ogeta

C ratsgninr

oM

kramhcne

B elbacil

pp

A sn

oitcirtseR

& seeF

launnA ss

orG

dnuF

gniylredn

Uoita

R esnepx

E 1

dna mar

gor

P evitartsini

md

Ae

grahC

2

launnA ss

orG lat

oToita

R esnepx

E 3

nruteR lat

oTnrute

R launnA e

garevA

4

noit

pecnI

etaD

% a s

A

00

01$ reP

detsevni

.o

M 3

DTY

.rY 1

.rY 5

.rY

01 ecniS

tpecnI

6

92

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

AI

SLH eula

V dr

oftraH

eulaV e

graL

%

67.0

%

00.

0

%67.

0

06.7

$

%12.1-

%79.3-

%

63.11

%18.31

%23.

8

%42.7

10

02/03/

40

D

SU

RT eulaV

00

01 llessuR

%5

4.31

%24.51

%

03.7

A/N

snoitcirtseR

dna seeF

8 :

A/

N

A e

mocnI

dna htw

orG

ocsevnI

eulaV e

graL

%5

8.0

%

00.

0

%58.

0

05.8

$

%55.2-

%6

8.4-

%5

4.8

%

06.21

%

61.7

A/N

6

491/1

0/8

0

D

SU

RT eulaV

00

01 llessuR

%5

4.31

%24.51

%

03.7

A/N

snoitcirtseR

dna seeF

8 :

A/

N

V

DA kc

otS ht

wor

G ecirP e

wo

R .T

htw

orG e

graL

%3

9.0

%

00.

0

%39.

0

03.9

$

%6

4.0

%

61.0-

%

04.

01

%6

9.61

%1

8.8

%

62.7 1

002/13/21

D

SU

RT htw

orG

00

01 llessuR

%5

0.31

%18.51

%

94.

8

A/N

snoitcirtseR

dna seeF

8 :

A/

N

larim

dA xe

dnI 0

05 drau

gnaV

63

dnel

B egraL

%5

0.0

%

00.

0

%50.

0

05.0

$

%56.

0-

%0

0.3-

%81.

41

%65.51

%

06.7

A/

N

00

02/31/11

D

SU

RT 0

001 llessu

R

%42.31

%

46.51

%

69.7

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

se

grahC

& seeF elbacil

pp

Aecna

mrofre

P noit

pO tne

mtsevnI 5

ssalC erahS / e

maN

dnuF yr

ogeta

C ratsgninr

oM

kramhcne

B elbacil

pp

A sn

oitcirtseR

& seeF

launnA ss

orG

dnuF

gniylredn

Uoita

R esnepx

E 1

dna mar

gor

P evitartsini

md

Ae

grahC

2

launnA ss

orG lat

oToita

R esnepx

E 3

nruteR lat

oTnrute

R launnA e

garevA

4

noit

pecnI

etaD

% a s

A

00

01$ reP

detsevni

.o

M 3

DTY

.rY 1

.rY 5

.rY

01 ecniS

tpecnI

6

03

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

D

EC

NAL

AB/

NOIT

AC

OLLA T

ESSA

.ssol tsnia

ga tcetor

p ro tif

orp a erusne t’nse

od n

oitacoll

A tessA

otsevnI 51

02 tnemerite

R tegra

T drau

gnaV

5102-11

02 etaD te

graT

%

61.0

%

00.

0

%61.

0

06.1

$

%4

6.0

%7

0.0

%5

9.7

%23.9

%2

0.6

A/

N 3

002/72/

01

5102 etare

do

M emitefiL rats

gninro

M

%55.5

%0

6.8

%17.

6

A/N

snoitcirtseR

dna seeF

8 :

A/

N

otsevnI 52

02 tnemerite

R tegra

T drau

gnaV

5202-12

02 etaD te

graT

%71.

0

%0

0.0

%71.

0

07.1$

%

01.0

%

06.

0-

%37.8

%

46.

01

%72.6

A/

N 3

002/72/

01

5202 etare

do

M emitefiL rats

gninro

M

%4

0.6

%

01.01

%

02.7

A/N

snoitcirtseR

dna seeF

8 :

A/

N

otsevnI 53

02 tnemerite

R tegra

T drau

gnaV

5302-13

02 etaD te

graT

%

81.0

%

00.

0

%81.

0

08.1

$

%4

6.0-

%32.1-

%3

9.8

%

67.11

%95.

6

A/N

30

02/72/01

5302 etare

do

M emitefiL rats

gninro

M

%0

8.5

%51.11

%35.7

A/N

snoitcirtseR

dna seeF

8 :

A/

N

54

02 tnemerite

R tegra

T drau

gnaV

otsevnI

54

02-14

02 etaD te

graT

%

81.0

%

00.

0

%81.

0

08.1

$

%79.

0-

%05.1-

%2

9.8

%

89.11

%

88.

6

A/N

30

02/72/01

54

02 etared

oM e

mitefiL ratsgninr

oM

%52.5

%51.11

%1

6.7

A/N

snoitcirtseR

dna seeF

8 :

A/

N

se

grahC

& seeF elbacil

pp

Aecna

mrofre

P noit

pO tne

mtsevnI 5

ssalC erahS / e

maN

dnuF yr

ogeta

C ratsgninr

oM

kramhcne

B elbacil

pp

A sn

oitcirtseR

& seeF

launnA ss

orG

dnuF

gniylredn

Uoita

R esnepx

E 1

dna mar

gor

P evitartsini

md

Ae

grahC

2

launnA ss

orG lat

oToita

R esnepx

E 3

nruteR lat

oTnrute

R launnA e

garevA

4

noit

pecnI

etaD

% a s

A

00

01$ reP

detsevni

.o

M 3

DTY

.rY 1

.rY 5

.rY

01 ecniS

tpecnI

6

13

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

em

ocnI tnemerite

R tegra

T drau

gnaV

otsevnI

em

ocnI tnemerite

R

%

61.0

%

00.

0

%61.

0

06.1

$

%82.1

%77.

0

%16.

6

%30.7

%

64.5

A/

N 3

002/72/

01

em

ocnI etared

oM e

mitefiL ratsgninr

oM

%

90.

4

%76.

6

%47.5

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

SD

NO

B .ytiruta

m erofe

b dl

os fi deetnarau

g ton si la

picnirp f

o nruter eht dna ,eulav ni etautculf lli

w sdn

ob tne

mnrevo

g .S.

U dna slli

b yrusaerT .S.

U ,sdn

ob etar

opr

oC

detsujd

A noitalfnI yrutne

C nacirem

A

V

NI dn

oB

dn

oB

detcetor

P-noitalfnI

%7

4.0

%

00.

0

%74.

0

07.4

$

%50.2

%

01.3

%87.3

%

48.3

%

92.4

A/

N 7

991/

01/20

D

SU

RT S

PIT S

U yrusaerT S

U syalcraB

%

46.3

%11.

4

%73.4

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

cisaB xe

dnI tekraM

dno

B sufyerD

dn

oB

mreT-etai

demretnI

%

61.0

%

00.

0

%61.

0

06.1

$

%4

8.2

%9

0.2

%53.6

%23.

4

%56.

4

A/N

39

91/03/11

D

SU

RT dn

oB

gg

A S

U syalcraB

%7

9.5

%54.

4

%17.4

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

A seitiruce

S tnemnrev

oG .

S.U nilknar

F

tnemnrev

oG etai

demretnI

%37.

0

%0

0.0

%37.

0

03.7$

%

86.

0

%82.

0

%20.3

%31.3

%

90.

4

A/N

07

91/03/5

0

D

SU

RT tnemnrev

oG

SU syalcra

B

%29.

4

%07.3

%

92.4

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

se

grahC

& seeF elbacil

pp

Aecna

mrofre

P noit

pO tne

mtsevnI 5

ssalC erahS / e

maN

dnuF yr

ogeta

C ratsgninr

oM

kramhcne

B elbacil

pp

A sn

oitcirtseR

& seeF

launnA ss

orG

dnuF

gniylredn

Uoita

R esnepx

E 1

dna mar

gor

P evitartsini

md

Ae

grahC

2

launnA ss

orG lat

oToita

R esnepx

E 3

nruteR lat

oTnrute

R launnA e

garevA

4

noit

pecnI

etaD

% a s

A

00

01$ reP

detsevni

.o

M 3

DTY

.rY 1

.rY 5

.rY

01 ecniS

tpecnI

6

23

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI 51

02 ,13 yraunaJ gni

dnE

doire

P eht ro

F

M dn

oB

dleiY h

giH tse

W natilo

porte

M

61

dn

oB

dleiY h

giH

%

88.

0

%0

0.0

%

88.

0

08.

8$

%

69.1-

%71.

0

%71.0

%

06.

6

%59.

6

%77.21 2

002/

03/9

0

D

SU

RT II retsaM

YH

SU L

MAf

oB

%

05.2

%8

8.8

%1

6.7

A/N

snoitcirtseR

dna seeF

8 :

A/

N

A nrute

R lato

T O

CMI

P

dn

oB

mreT-etai

demretnI

%5

8.0

%

00.

0

%58.

0

05.8

$

%6

0.3

%0

6.2

%16.5

%

09.

4

%77.5

A/N

78

91/11/50

D

SU

RT dn

oB

gg

A S

U syalcraB

%7

9.5

%54.

4

%17.4

A/

N

snoitcirtseR

dna seeF

8 :

A/

N

se

grahC

& seeF elbacil

pp

Aecna

mrofre

P noit

pO tne

mtsevnI 5

ssalC erahS / e

maN

dnuF yr

ogeta

C ratsgninr

oM

kramhcne

B elbacil

pp

A sn

oitcirtseR

& seeF

launnA ss

orG

dnuF

gniylredn

Uoita

R esnepx

E 1

dna mar

gor

P evitartsini

md

Ae

grahC

2

launnA ss

orG lat

oToita

R esnepx

E 3

nruteR lat

oTnrute

R launnA e

garevA

4

noit

pecnI

etaD

% a s

A

00

01$ reP

detsevni

.o

M 3

DTY

.rY 1

.rY 5

.rY

01 ecniS

tpecnI

6

tnemtsevnI nrute

R dexiF

Q ts1

5102

Q

dn2 51

02

Q dr3

5102

Q ht

4 51

02

tnuocc

A lareneG

%

00.

4

A/N

A/

N

A/N

N

OITP

O TN

EMTS

EV

NI N

RUT

ER

DE

XIF .nruter

detats ro

dexfi a evah taht sn

oitp

o tnemtsevni n

o sesucof

wole

b elbat eh

T

snoitcirtse

R dna seeF

8 :

ro

F .retrauq ra

dnelac detan

gised eht

gnirud

deviecer snoitu

birtnoc n

o raey radnelac eht f

o esolc eht h

guorht

detiderc si ev

oba htr

of tes etaR

deralceD eh

T

.sdleiy launna evitceffe era

detou

q setaR .

%0

0.4 si eta

R deralce

D eht ,51/10/1

0 ot r

oirp

deviecer snoitu

birtnoc

s'nalp eht sev

om

dna tcartnoc eht seunitn

ocsid rey

olp

me ruoy fI .ecnaunitn

ocsid tcartn

oc no

pu noit

po tne

mtsevni tnuocc

A dexi

F eht ot yl

ppa selur laice

ps niatreC

ta

diap tnu

oma eht retla ya

m hcihw ,tne

mtsujda eulav tekra

m a ot tcej

bus eb ya

m tnuocc

A dexi

F eht ni detsevni stnu

oma ,re

divor

p rehtona

ot stessa

ruoy tcatn

oc esaelP .tcartn

oc eht ni de

fiiceps sa sraey f

o d

oirep tes a rev

o tuo

diap e

b yam r

o ,tcartnoc eht ni htr

of tes alumr

of eht no

desab ecnaunitn

ocsid

.n

oitamr

ofni ero

m rof rey

olp

me :eta

R deetnarau

G mu

miniM/sn

oisivor

P tnemtsuj

dA

a sedulcni

osla tcartnoc s'nal

P ruo

Y .evo

ba nw

ohs mret eht r

of evitceffe si dna sisa

b dezilaunna na n

o etar deralce

d tnerruc eht si deyal

psid tseretni f

o etar ehT

e

b lliw

RIG

M eht ,stcartnoc reht

o ro

F .tcartnoc eht f

o efil eht rof tes si

RIG

M eht ,stcartnoc e

mos r

oF .

%0

0.4 f

o )"RI

GM"( etar tseretni

deetnaraug

mumini

m tnerruc

tseretni mu

minim

gnidra

ger wal erutiefr

of-non eussi f

o etats s’tcartnoc eht

ot tcejbus e

b lliw

dna tcartnoc eht ni

debircse

d yg

olo

dohte

m eht gnisu yllaunna teser

.

wal erutiefrof-n

on led

om )

CIA

N( srenoissi

mm

oC ecnarusnI f

o noitaic

ossA lan

oitaN eht ,stsixe

wal etats on fi ,r

o setar tisiv esael

p ,tcartnoc

dna nalp ru

oy rof n

oitp

o tnemtsevni siht hti

w detaic

ossa ,setar tseretni mu

minim

dna deralce

d cfiice

ps eht gni

drager n

oitamr

ofni tnerruc ro

F

evres/m

oc.lautumssa

m.w

ww

ta lautuMssa

M tcatnoc r

o 955

6-54

9-888 .

33

segrah

C dna see

F elbacil

pp

A dna ecna

mrofre

P noit

pO tne

mtsevnI

Ve

AllianceBernstein Discovery Growth Investment Option

_Risk/Return Spectrum

Stable Value/Money Market Bond Asset Allocation/

BalancedLarge Cap Mid Cap Small Cap International/

Global Specialty

Mid-cap investing generally have higher risk and return characteristics than large-company stocks.

_Volatility Prof le i

The volatility profile is a measure of the level of risk of the underlying fund and is based on a ranking of the three year standard deviation of the fund’s performance. The ranking is compared against other funds within the same broad category group. The higher the volatility, the higher the variation in returns.

_Strategy

_Portfolio Statistics As of 12/31/2012

Inception Date: 7/7/1938 Net Assets ($ in millions): $1 026 92

Investment Advisor: AllianceBernstein LP Portfolio Manager: Team Managed

This investment option is available to your plan through a group variable contract offered to fund retirement programs. Your plan invests in the separate account which invests directly in the mutual fund.

The investment seeks long-term growth of capital. The fund invests primarily in a diversified portfolio of equity securities with relatively smaller capitalizations as compared to the overall U.S. market. It normally invests at least 80% of its net assets in the equity securities of small- and mid-capitalization companies. The fund may invest in foreign securities. It invests up to 20% of total assets in rights and warrants. The fund invests in approximately 60-120 stocks broadly diversified by sector.

Large

Mid

Small

Value Blend Growth

VRU Code: 763

Morningstar Category Mid-Cap Growth

Morningstar Style Box

As of 12/31/2012

Asset Allocation % Assets

Stock .........................................................94.70 Foreign Stock ..............................................3.68 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................1.45 Other ........................................................... 0.17 Total 100.00% Largest Holdings % Assets

Cadence Design Systems, Inc. ....................1.93 Ulta Salon Cosmetics & Fragrances, Inc. ....1.89 Panera Bread Company, Inc. Class A ..........1.81 CoStar Group, Inc. ...................................... 1.79 U it d R t l I 1 76

Publication Date 1Q 2013

Sample Investment Option

RS1928 413

Ve

Alger Capital Appreciation Institutional Investment Option

Processing and publication dates vary by fund company resulting in potential variations in “as of” dates. Information contained herein is subject to change at any time, and may vary based on underlying fund and/or share class considerations (if applicable). Certain sections, if shown, may not add up to 100% due to rounding. Morningstar Category: identifies funds based on investment styles as measured by their underlying portfolio holdings/statistics over 3 years. Investment options can move into other categories, or Morningstar may change their classification methodology. © 2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. © 2013 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. RS-31547-00.




GlobalSpecialty

Investing in companies of all capitalizations involves the risk that smaller, newer issuers in which the fund invests may have limited product lines or financial resources, or lack management depth.



_Strategy


Inception Date: 11/8/1993 Net Assets ($ in millions): $3,492.14 Number of Stock Holdings: 138

Investment Advisor: Fred Alger Management, Inc. Portfolio Manager: Patrick Kelly


The investment seeks long-term capital appreciation. The fund normally invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the adviser believes demonstrate promising growth potential. It can leverage, that is, borrow money to buy additional securities. The fund can also invest in derivative instruments.

Large

Mid

Small

Value Blend Growth

VRU Code: 496

Morningstar Category Large Growth


As of 11/30/2014



Apple Inc .....................................................6.15 Facebook Inc Class A ..................................4.03 Actavis PLC .................................................3.71 Google Inc Class C ......................................2.74 Microsoft Corp ............................................2.25 Gilead Sciences Inc .....................................2.24 CVS Health Corp ......................................... 2.10 Honeywell International Inc .........................1.96 Hilton Worldwide Holdings Inc ................... 1.84 Home Depot Inc ..........................................1.78 Total 28.80% Diversification % Assets

Basic Materials ............................................2.84 Consumer Cyclical .................................... 15.48 Financial Services ....................................... 8.94 Real Estate .................................................. 0.69 Consumer Defensive ................................... 4.27 Healthcare ................................................. 20.63 Utilities ........................................................0.21 Communication Services ............................ 2.30 Energy .........................................................3.87 Industrials ................................................. 11.09 Technology ................................................29.69 Total 100.01%


Ve

American Century Inflation Adjusted Bond Investment Option





GlobalSpecialty

Interest rate changes are among the most significant factors affecting bond return. In a declining interest rate environment, bond prices rise and the fund may generate less income. In a rising interest rate environment, bond prices fall. The prospectus contains very important information about the characteristics of the underlying security and potential tax implications of owning this fund.



_Strategy


Inception Date: 2/10/1997 Net Assets ($ in millions): $3,189.57 Number of Bond Holdings: 152

Investment Advisor: American Century Inv Mgt, Inc. Portfolio Manager: Robert V. Gahagan

Seth Plunkett


The investment seeks total return and inflation protection consistent with investment in inflation-indexed securities. Under normal market conditions, the fund invests at least 80% of its net assets in inflation-adjusted debt securities. It also may invest in derivative instruments such as options, futures contracts, options on futures contracts and swap agreements (including, but not limited to, inflation swap agreements and credit default swap agreements), or in mortgage- or asset-backed securities, provided that such investments are in keeping with the fund's investment objective.

VRU Code: 605

Morningstar Category Inflation-Protected Bond

As of 12/31/2014


Stock ...........................................................0.00 Foreign Stock ..............................................0.00 Bond ......................................................... 99.93 Foreign Bond ...............................................0.24 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................0.00 Other ..........................................................-0.18 Total 99.99% Largest Holdings % Assets

US Treasury TIP ..........................................6.17 US Treasury TIP 0.125% ............................ 5.94 US Treasury TIP ..........................................5.15 US Treasury TIP ..........................................4.74 US Treasury TIP 2% ................................... 4.16 US Treasury TIP 1.25% .............................. 3.99 US Treasury TIP ..........................................3.91 US Treasury TIP ..........................................3.81 US Treasury TIP ..........................................3.68 US Treasury TIP ..........................................3.34 Total 44.89%


Ve

American Century Small Cap Value Investment Option



Stable Value/Money Market Bonds Asset Allocation


GlobalSpecialty

Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatility.



_Strategy



Investment Advisor: American Century Inv Mgt, Inc. Portfolio Manager: Benjamin Z. Giele

Steve Roth


The investment seeks long-term capital growth; income is a secondary consideration. Under normal market conditions, the portfolio managers will invest at least 80% of the fund's net assets in small cap companies. The portfolio managers consider small cap companies to include those with a market capitalization no larger than that of the largest company in the S&P Small Cap 600® Index or the Russell 2000® Index.

Large

Mid

Small

Value Blend Growth

VRU Code: 483

Morningstar Category Small Value


As of 9/30/2014



BankUnited Inc ............................................1.64 Berry Plastics Group Inc ............................. 1.54 Multi-Color Corp ......................................... 1.44 Evertec Inc .................................................. 1.29 Entravision Communications Corp ..............1.25 Mentor Graphics Corp .................................1.22 Haemonetics Corp .......................................1.20 American Science & Engineering Inc ..........1.12 Valley National Bancorp .............................. 1.12 Global Brass & Copper Holdings Inc .......... 1.07 Total 12.89% Diversification % Assets

Basic Materials ............................................7.23 Consumer Cyclical .................................... 16.90 Financial Services ..................................... 21.53 Real Estate ................................................ 12.96 Consumer Defensive ................................... 1.12 Healthcare ................................................... 4.28 Utilities ........................................................5.61 Communication Services ............................ 0.22 Energy .........................................................5.73 Industrials ................................................. 12.12 Technology ................................................12.30 Total 100.00%


Ve

American Funds EuroPacific Growth Investment Option





GlobalSpecialty

Investments made outside the United States involve special risks, such as currency fluctuations, political instability, differing securities regulations and periods of illiquidity.



_Strategy


Inception Date: 4/16/1984 Net Assets ($ in millions): $122,130.66 Number of Bond Holdings: 4 Number of Stock Holdings: 261

Investment Advisor: Capital Research and Management Company

Portfolio Manager: Team Managed


The investment seeks long-term growth of capital. The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investment adviser believes have the potential for growth. Growth stocks are stocks that the investment adviser believes have the potential for above-average capital appreciation. It normally invests at least 80% of net assets in securities of issuers in Europe and the Pacific Basin. The fund may invest a portion of its assets in common stocks and other securities of companies in countries with developing economies and/or markets.

VRU Code: 143

Morningstar Category Foreign Large Growth

As of 12/31/2014


Stock ...........................................................0.00 Foreign Stock ............................................85.67 Bond ........................................................... 0.21 Foreign Bond ...............................................0.09 Preferred ..................................................... 0.93 Convertible ..................................................0.00 Cash ..........................................................13.09 Other ........................................................... 0.00 Total 99.99% Largest Holdings % Assets

Novo Nordisk A/S Class B ...........................4.11 Bayer AG ..................................................... 2.54 Novartis AG .................................................2.33 SOFTBANK Corp ......................................... 2.09 Prudential PLC ............................................ 1.90 Associated British Foods PLC ..................... 1.66 Barclays PLC ...............................................1.64 Baidu Inc ADR .............................................1.57 British American Tobacco PLC ....................1.29 HDFC Bank Ltd ............................................1.24 Total 20.37% Diversification % Assets

GBR ...........................................................13.81 JPN ........................................................... 10.98 IND ..............................................................7.46 FRA ............................................................. 6.00 CHE ............................................................. 5.62 CHN .............................................................5.50 DEU .............................................................5.50 DNK .............................................................4.52 HKG .............................................................4.44 CAN .............................................................2.62 Total 66.45%


Ve

Artisan Mid Cap Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Artisan Partners Limited Partnership

Portfolio Manager: Andrew C. Stephens James Hamel


The investment seeks maximum long-term capital growth. The fund normally invests no less than 80% of its net assets in the common stocks of medium-sized companies. It defines a medium-sized company as one with a market capitalization greater than the market capitalization of the smallest company in the Russell Midcap® Index and less than three times the weighted average market capitalization of companies in the index. The fund maintains a weighted average market capitalization of not more than 1.5 times the weighted average market capitalization of the companies included in the Russell Midcap® Index.

Large

Mid

Small

Value Blend Growth

VRU Code: 478

Morningstar Category Mid-Cap Growth


As of 12/31/2014



Regeneron Pharmaceuticals Inc ................. 4.30 IHS Inc Class A ........................................... 3.96 Applied Materials Inc .................................. 3.82 Illumina Inc ................................................. 3.33 Ametek Inc ..................................................3.28 Discover Financial Services .........................2.97 LKQ Corp .................................................... 2.74 Workday Inc Class A ...................................2.67 Chipotle Mexican Grill Inc Class A .............. 2.55 Fortune Brands Home & Security Inc ......... 2.49 Total 32.11% Diversification % Assets



Ve

BlackRock Capital Appreciation Investment Option





GlobalSpecialty



_Strategy



Investment Advisor: BlackRock Advisors LLC Portfolio Manager: Jeffrey Lindsey

Edward Dowd


The investment seeks long-term growth of capital. The fund invests primarily in a diversified portfolio consisting primarily of common stock of U.S. companies that fund management believes have exhibited above-average growth rates in earnings over the long term. It will generally invest at least 65% of its total assets in the following equity securities: Common stock; Convertible preferred stock; Securities convertible into common stock; and Rights to subscribe to common stock. The fund may invest in companies of any size but emphasizes investments in companies that have medium to large stock market capitalizations.

Large

Mid

Small

Value Blend Growth

VRU Code: 566



As of 12/31/2014



Visa Inc Class A .......................................... 4.68 Apple Inc .....................................................4.43 Facebook Inc Class A ..................................4.39 AbbVie Inc ...................................................4.16 Twenty-First Century Fox Inc Class A ......... 3.68 Yahoo! Inc ...................................................3.46 Liberty Global PLC Class A ......................... 3.15 Valeant Pharmaceuticals International Inc .. 3.11 United Therapeutics Corp ........................... 2.90 Union Pacific Corp ...................................... 2.81 Total 36.77% Diversification % Assets



Ve

Dreyfus Bond Market Index Investment Option





GlobalSpecialty

Securities rated ''BB'' and below are commonly referred to as ''high yield, high risk securities'' or ''junk bonds.'' High yield bonds generally involve greater credit risk and may be more volatile than investment grade bonds.



_Strategy



Investment Advisor: Dreyfus Corporation Portfolio Manager: Laurie A. Carroll


The investment seeks to match the total return of the Barclays U.S. Aggregate Index. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds that are included in the Barclays U.S. Aggregate Index. In seeking to match index performance, the manager uses a passive management approach and purchases all or a representative sample of the bonds comprising the Barclays U.S. Aggregate Index. To maintain liquidity, it may invest up to 20% of its assets in various short-term, fixed-income securities and money market instruments.

VRU Code: 136

Morningstar Category Intermediate-Term Bond

As of 12/31/2014


Stock ...........................................................0.00 Foreign Stock ..............................................0.00 Bond ......................................................... 83.75 Foreign Bond ...............................................8.87 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................8.18 Other ..........................................................-0.80 Total 100.00% Largest Holdings % Assets

Govt Natl Mtg Asso 3.5% ........................... 1.28 Govt Natl Mtg Asso 4% .............................. 1.05 FNMA 4% TBA ............................................ 1.02 FNMA .......................................................... 0.74 Ginnie Mae Jumbos TBA 3% 2044-01-01 .. 0.63 FHLMC 4% ..................................................0.58 Govt Natl Mtg Asso 4.5% ........................... 0.51 Fannie Mae Single Family TBA 2.5% 2029-01-01 ................................................................0.44 US Treasury Bond 3.375% ..........................0.42 FHLMC 3% ..................................................0.39 Total 7.06%


Ve

Franklin Mutual Global Discovery Investment Option





GlobalSpecialty

Investing in foreign issuers and non-dollar securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war or expropriation.



_Strategy



Investment Advisor: Franklin Mutual Advisers, LLC Portfolio Manager: Anne Gudefin

Charles Lahr


The investment seeks capital appreciation. The fund invests primarily in equity securities (including securities convertible into, or that the investment manager expects to be exchanged for, common or preferred stock) of U.S. and foreign companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria (intrinsic value). It invests primarily in undervalued securities (securities trading at a discount to intrinsic value). The managers expect to invest substantially and potentially up to 100% of its assets in foreign securities.

VRU Code: 590

Morningstar Category World Stock

As of 12/31/2014


Stock .........................................................46.93 Foreign Stock ............................................37.12 Bond ........................................................... 2.53 Foreign Bond ...............................................0.00 Preferred ..................................................... 1.39 Convertible ..................................................0.00 Cash ............................................................8.19 Other ........................................................... 3.84 Total 100.00% Largest Holdings % Assets

Merck & Co Inc ...........................................2.11 Teva Pharmaceutical Industries Ltd ADR .... 2.00 Medtronic Inc ..............................................1.94 Microsoft Corp ............................................1.89 Apple Inc .....................................................1.85 Wells Fargo & Co ........................................ 1.66 ACE Ltd ....................................................... 1.58 British American Tobacco PLC ....................1.51 Royal Dutch Shell PLC Class A ................... 1.45 Volkswagen AG ........................................... 1.39 Total 17.38% Diversification % Assets

USA ...........................................................49.72 GBR ...........................................................11.88 CHE ............................................................. 4.13 FRA ............................................................. 3.68 ISR ..............................................................3.25 DEU .............................................................3.00 NLD .............................................................2.45 KOR .............................................................2.11 CHN .............................................................1.88 CAN .............................................................1.53 Total 83.63%


Ve

Franklin US Government Securities Investment Option





GlobalSpecialty

The share price and yield of Franklin U.S. Government Securities Fund may be affected by interest rate movements and mortgage prepayments. Bond prices generally move in the opposite direction from interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund's share price may decline. These and other risk considerations are discussed in the fund's prospectus.



_Strategy



Investment Advisor: Franklin Advisers, Inc. Portfolio Manager: Jack Lemein

Paul Varunok


The investment seeks income. The fund normally invests at least 80% of its net assets in U.S. government securities. It invests substantially all of its assets in Government National Mortgage Association obligations (Ginnie Maes). The mortgage loans may have either fixed or adjustable interest rates. As the underlying mortgage loans are paid off, Ginnie Maes provide investors with monthly payments of interest and principal as well as any unscheduled prepayments on the underlying mortgage loans.

VRU Code: 644

Morningstar Category Intermediate Government

As of 12/31/2014


Stock ...........................................................0.00 Foreign Stock ..............................................0.00 Bond ......................................................... 99.56 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................0.44 Other ........................................................... 0.00 Total 100.00% Largest Holdings % Assets

GNMA 3.5% ................................................ 3.95 GNMA 3.5% ................................................ 2.75 GNMA 4.5% ................................................ 2.18 GNMA 4% ................................................... 2.02 GNMA 3.5% ................................................ 1.83 GNMA 4% ................................................... 1.76 GNMA 4.5% ................................................ 1.68 GNMA 4.5% ................................................ 1.63 GNMA 4.5% ................................................ 1.58 GNMA 4% ................................................... 1.57 Total 20.95%


Ve

General Account Investment Option

Processing and publication dates vary by fund company resulting in potential variations in “as of” dates. Information contained herein is subject to change at any time, and may vary based on underlying fund and/or share class considerations (if applicable). Certain sections, if shown, may not add up to 100% due to rounding. © 2013 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. RS-31547-00.




GlobalSpecialty

Hartford Life Insurance Company (also referred to as “Hartford”) offers competitive credited rates on current contributions, as well as on contributions made in prior years. The General Account is not a mutual fund. It is an investment choice available through a group variable contract. The General Account investment choice is part of Hartford’s general account that includes other company assets. General Account rates are guaranteed by the claims-paying ability of Hartford Life Insurance Company. Hartford credits interest on contributions made to the General Account at a rate declared for the calendar quarter in which they are received. Hartford guarantees the declared interest rate applicable to any quarter to the end of the year in which the rate was applied. Hartford may change the declared interest rate applicable to contributions made for any subsequent quarter at its discretion. For each subsequent calendar year, Hartford Life Insurance Company will credit assets in the General Account at a rate guaranteed for the entire calendar year (the “Guaranteed Interest Rate”). The Guaranteed Interest Rate for a calendar year will be determined at the end of the preceding calendar year and will never be less than the minimum interest rate specified in the contract. Hartford may, from time to time, credit interest rates in excess of the Guaranteed Interest Rate. Contract guarantees, including any credited rate of interest or annuity payout rates, are backed by the claims-paying ability of the issuing company, Hartford Life Insurance Company.

VRU Code: 024

The objective of this investment option is to maintain a competitive fixed interest rate and a minimum guaranteed rate of return. The general account of Hartford Life Insurance Company is guaranteed by the Hartford’s claims paying ability. Hartford’s General Account is primarily invested in investment grade fixed income securities. Contract values held in the General Account will be accounted for on a non-unitized basis. If the Plan offers a money market fund or other competing fund, direct transfers between competing funds are not permitted and amounts transferred to a non-competing fund must remain in the non-competing fund for at least three months.


Ve

Hartford Capital Appreciation HLS Investment Option





GlobalSpecialty

Up to 20% of the Fund may be invested in foreign issuers and non-dollar securities. Investing in foreign issuers and non-dollar securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war or expropriation.



_Strategy



Investment Advisor: Hartford Funds Management Company, LLC

Investment Sub Advisor: Wellington Management Company LLP



The investment seeks growth of capital. The fund normally invests at least 65% of its net assets in common stocks of small, medium and large companies. It may also invest up to 35% of its net assets in equity securities of foreign issuers and non-dollar securities, including companies that conduct their principal business activities in emerging markets or whose securities are traded principally on exchanges in emerging markets. The fund may trade securities actively.

Large

Mid

Small

Value Blend Growth

VRU Code: 12

Morningstar Category Large Blend


As of 12/31/2014



Bristol-Myers Squibb Company .................. 3.20 Apple Inc .....................................................2.51 Actavis PLC .................................................1.62 JPMorgan Chase & Co ................................1.61 Merck & Co Inc ...........................................1.49 Microsoft Corp ............................................1.48 Google Inc Class C ......................................1.46 Intel Corp .................................................... 1.44 AstraZeneca PLC .........................................1.35 Micron Technology Inc ................................1.34 Total 17.50% Diversification % Assets

Basic Materials ............................................4.33 Consumer Cyclical .................................... 13.08 Financial Services ..................................... 13.37 Real Estate .................................................. 1.20 Consumer Defensive ................................... 5.54 Healthcare ................................................. 16.99 Utilities ........................................................1.25 Communication Services ............................ 1.24 Energy .........................................................6.27 Industrials ................................................. 11.38 Technology ................................................25.36 Total 100.01%


Ve

Hartford International Opportunities HLS Investment Option





GlobalSpecialty




_Strategy





Portfolio Manager: Tara Stilwell Nicolas Choumenkovitch


The investment seeks long-term growth of capital. The fund normally invests at least 65% of its net assets in stocks issued by non-U.S. companies that trade in foreign markets that are generally considered to be well established. It diversifies its investments among a number of different countries throughout the world, with no limit on the amount of assets that may be invested in each country. The fund may invest the greater of 25% or the weight of emerging markets in the MSCI All Country World ex USA Index ("MSCI AC World ex USA Index") plus 10% of its net assets in companies domiciled in emerging markets.

VRU Code: 13

Morningstar Category Foreign Large Blend

As of 12/31/2014


Stock ...........................................................0.60 Foreign Stock ............................................96.23 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 0.00 Convertible ..................................................0.00 Cash ............................................................0.00 Other ........................................................... 3.17 Total 100.00% Largest Holdings % Assets

AstraZeneca PLC .........................................3.49 Novartis AG .................................................3.43 Anheuser-Busch Inbev SA ...........................3.12 Air Liquide SA ............................................. 2.43 Taiwan Semiconductor Manufacturing Co Ltd 2.34 Imperial Oil Ltd ........................................... 2.03 Julius Baer Gruppe AG ................................2.00 CRH PLC ..................................................... 1.94 Luxottica Group SpA ...................................1.89 WPP PLC .................................................... 1.88 Total 24.55% Diversification % Assets

JPN ........................................................... 19.17 GBR ...........................................................12.32 CHE ............................................................. 9.86 FRA ............................................................. 9.46 ITA ...............................................................6.72 CAN .............................................................5.60 NLD .............................................................5.33 CHN .............................................................4.24 SWE ............................................................ 3.69 BEL ............................................................. 3.36 Total 79.75%


Ve

Hartford Value HLS Investment Option





GlobalSpecialty



_Strategy


Inception Date: 4/30/2001 Net Assets ($ in millions): $587.39 Number of Stock Holdings: 80



Portfolio Manager: W. Reckmeyer III Ian Link


The investment seeks long-term total return. The fund invests at least 80% of its assets in equity securities of companies with market capitalizations above $2 billion. The sub-adviser, Wellington Management Company, LLP ("Wellington Management"), utilizes fundamental analysis to identify securities that provide the potential for above-average total returns and sell at below-average estimated price-to-earnings multiples. It may invest up to 20% of its net assets in the securities of foreign issuers and non-dollar securities.

Large

Mid

Small

Value Blend Growth

VRU Code: 849

Morningstar Category Large Value


As of 12/31/2014



Wells Fargo & Co ........................................ 3.96 JPMorgan Chase & Co ................................3.60 Cisco Systems Inc ...................................... 3.00 Merck & Co Inc ...........................................2.49 Citigroup Inc ............................................... 2.45 PNC Financial Services Group Inc ...............2.35 Chevron Corp ..............................................2.23 Intel Corp .................................................... 2.18 EMC Corp ....................................................1.85 Covidien PLC ...............................................1.84 Total 25.95% Diversification % Assets

Basic Materials ............................................3.63 Consumer Cyclical .................................... 11.81 Financial Services ..................................... 26.22 Real Estate .................................................. 1.41 Consumer Defensive ................................... 4.27 Healthcare ................................................. 14.61 Utilities ........................................................2.79 Communication Services ............................ 2.91 Energy .......................................................10.17 Industrials ................................................... 8.68 Technology ................................................13.50 Total 100.00%


Ve

Invesco Growth and Income Investment Option





GlobalSpecialty

Convertible securities: In addition to the risks associated with common stocks, investments in convertible securities are subject to the risks associated with fixed income securities, namely credit, price and interest-rate risks. Interest rates: In a declining interest-rate environment, the portfolio may generate less income. Additionally, more bonds may be called by the issuer, which may decrease the overall income potential of the portfolio. Foreign markets: The fund may invest in foreign markets; should it do so, the portfolio may be subject to additional currency, political, and economic risks. Derivate instruments: Investments in derivatives could magnify volatility.



_Strategy



Investment Advisor: Invesco Advisers, Inc Portfolio Manager: Team Managed


The investment seeks total return through growth of capital and current income. Under normal market conditions, the fund's investment adviser seeks to achieve the fund's investment objective by investing primarily in income-producing equity securities, which include common stocks and convertible securities. It may invest in securities of issuers of all capitalization sizes; however, a substantial number of the issuers in which the fund invests are large-capitalization issuers. The fund may invest up to 25% of its net assets in securities of foreign issuers, which may include depositary receipts.

Large

Mid

Small

Value Blend Growth

VRU Code: 167

Morningstar Category Large Value


As of 12/31/2014



JPMorgan Chase & Co ................................4.52 Citigroup Inc ............................................... 4.46 General Electric Co ......................................2.81 Morgan Stanley ...........................................2.65 Royal Dutch Shell PLC Class A ................... 2.53 Bank of America Corporation ......................2.23 Target Corp ................................................. 1.75 PNC Financial Services Group Inc ...............1.75 Applied Materials Inc .................................. 1.71 Carnival Corp .............................................. 1.70 Total 26.11% Diversification % Assets

Basic Materials ............................................1.10 Consumer Cyclical ...................................... 7.75 Financial Services ..................................... 30.80 Real Estate .................................................. 0.00 Consumer Defensive ................................... 7.58 Healthcare ................................................. 13.20 Utilities ........................................................1.47 Communication Services ............................ 5.45 Energy .......................................................10.82 Industrials ................................................... 8.19 Technology ................................................13.65 Total 100.01%


Ve

Lord Abbett Developing Growth Investment Option





GlobalSpecialty

The fund invests primarily in small-cap growth company stocks, which tend to be more volatile and can be less liquid than other types of stocks. Small -cap companies may also have more limited product lines, markets and or other financial resources and typically experience higher risk of failure than large-cap companies. These risks are fully discussed in the prospectus.



_Strategy



Investment Advisor: Lord, Abbett & Co LLC Portfolio Manager: Thomas OHalloran


The investment seeks long-term growth of capital through a diversified and actively managed portfolio consisting of developing growth companies, many of which are traded over the counter. To pursue its objective, the fund invests primarily in the common stocks of companies demonstrating above-average, long-term growth potential. The fund invests at least 65% of its net assets in equity securities of small companies. In selecting investments, it may invest in U.S. and foreign (including emerging market) companies.

Large

Mid

Small

Value Blend Growth

VRU Code: 727

Morningstar Category Small Growth


As of 12/31/2014



Cavium Inc ..................................................1.61 LifeLock Inc ................................................ 1.56 Hain Celestial Group Inc ............................. 1.54 Restoration Hardware Holdings Inc ............ 1.47 Trex Co Inc ..................................................1.46 United Natural Foods Inc ............................ 1.45 comScore Inc ..............................................1.43 CoStar Group Inc ........................................ 1.42 Knight Transportation, Inc. ..........................1.41 The Middleby Corp ......................................1.32 Total 14.67% Diversification % Assets



Ve

Lord Abbett Value Opportunities Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Lord, Abbett & Co LLC Portfolio Manager: Robert Fetch


The investment seeks long-term capital appreciation. To pursue its objective, the fund normally invests at least 65% of its net assets in equity securities of small and mid-sized companies. The remainder of the fund's assets may be invested in companies of any size. The fund may change this policy at any time. The fund attempts to invest in companies the investment team believes have been undervalued by the market and whose securities are selling at reasonable prices in relation to an assessment of their potential or intrinsic value.

Large

Mid

Small

Value Blend Growth

VRU Code: 1063

Morningstar Category Mid-Cap Blend


As of 9/30/2014



Akamai Technologies Inc ............................ 2.24 Ryder System Inc ....................................... 1.96 HCC Insurance Holdings Inc ....................... 1.88 PacWest Bancorp ........................................1.84 Marvell Technology Group Ltd ....................1.82 Jarden Corp ................................................ 1.71 American Water Works Co Inc ....................1.55 Reliance Steel and Aluminum ..................... 1.52 Comerica Inc ...............................................1.51 Community Health Systems Inc ..................1.47 Total 17.50% Diversification % Assets

Basic Materials ............................................1.58 Consumer Cyclical .................................... 16.67 Financial Services ..................................... 22.87 Real Estate .................................................. 6.56 Consumer Defensive ................................... 2.31 Healthcare ................................................... 6.57 Utilities ........................................................5.76 Communication Services ............................ 0.00 Energy .........................................................5.07 Industrials ................................................. 19.03 Technology ................................................13.58 Total 100.00%


Ve

Metropolitan West High Yield Bond Investment Option





GlobalSpecialty

Securities rated ''BB'' and below are commonly referred to as ''high yield, high risk securities'' or ''junk bonds.'' High yield bonds generally involve greater credit risk and may be more volatile than investment grade bonds.



_Strategy



Investment Advisor: Metropolitan West Asset Management, LLC.



The investment seeks to maximize long-term total return consistent with preservation of capital. The fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in high yield bonds (commonly called "junk bonds") which are rated below investment grade or are unrated and determined by the Adviser to be of similar quality. Under normal conditions, the portfolio duration is two to eight years and the dollar-weighted average maturity ranges from two to fifteen years.

VRU Code: 864

Morningstar Category High Yield Bond

As of 12/31/2014


Stock ...........................................................0.09 Foreign Stock ..............................................0.00 Bond ......................................................... 78.37 Foreign Bond .............................................11.31 Preferred ..................................................... 0.29 Convertible ..................................................0.97 Cash ............................................................3.78 Other ........................................................... 5.19 Total 100.00% Largest Holdings % Assets

Engy Transfer Prtnrs L P FRN .....................1.75 Clear Channel Ww Hldgs 6.5% ................... 1.67 Sprint Nextel 144A 9% ............................... 1.51 First Data 144A 7.375% ..............................1.43 Homer City Generation L P 8.734% ............1.34 Reynolds Grp Issuer 5.75% ........................1.20 Hca 6.5% .................................................... 1.14 Sabine Pass Lng L P 7.5% ......................... 1.14 Intelsat Jackson Hldgs 7.5% ...................... 1.11 Ardagh Packaging 144A FRN ......................1.11 Total 13.40%


Ve

Oppenheimer Developing Markets Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: OFI Global Asset Management, Inc.

Investment Sub Advisor: OppenheimerFunds, Inc. Portfolio Manager: Justin Leverenz


The investment seeks capital appreciation. The fund mainly invests in common stocks of issuers in developing and emerging markets throughout the world and at times it may invest up to 100% of its total assets in foreign securities. Under normal market conditions, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in a developing market, i.e. are in a developing market or are economically tied to a developing market country. The fund will invest in at least three developing markets.

VRU Code: 410

Morningstar Category Diversified Emerging Mkts

As of 12/31/2014


Stock ...........................................................0.00 Foreign Stock ............................................92.72 Bond ........................................................... 0.00 Foreign Bond ...............................................0.00 Preferred ..................................................... 2.09 Convertible ..................................................0.00 Cash ............................................................4.67 Other ........................................................... 0.52 Total 100.00% Largest Holdings % Assets

Baidu Inc ADR .............................................4.77 Housing Development Finance Corp Ltd .....3.09 Infosys Ltd ..................................................2.59 Magnit PJSC ............................................... 2.27 ICICI Bank Ltd ADR .....................................2.25 Tencent Holdings Ltd .................................. 2.07 Taiwan Semiconductor Manufacturing Co Ltd 1.96 America Movil SAB de CV ADR ...................1.96 OAO Novatek GDR ...................................... 1.94 Prada SpA ................................................... 1.67 Total 24.57% Diversification % Assets

CHN ...........................................................16.66 IND ............................................................14.84 BRA .............................................................9.16 MEX ............................................................ 6.97 RUS .............................................................6.20 GBR .............................................................5.77 HKG .............................................................3.78 TUR .............................................................3.04 IDN ..............................................................2.85 FRA ............................................................. 2.80 Total 72.07%


Ve

PIMCO Total Return Investment Option





GlobalSpecialty

This Fund invests at least 65% of its assets in a diversified portfolio of fixed-income securities, up to 20% in foreign currency-denominated securities, and 10% in high-yield securities. Investing in foreign securities may entail risk due to foreign economic and political developments; this risk may be enhanced when investing in emerging markets. High-yield bonds typically have a lower credit rating than other bonds. Lower rated bonds generally involve a greater risk to principal than higher rated bonds. This Fund may use derivative instruments for hedging purposes or as part of its investment strategy. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments.



_Strategy



Investment Advisor: Pacific Investment Management Co LLC

Portfolio Manager: William H. Gross


The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 65% of its total assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. It invests primarily in investment-grade debt securities, but may invest up to 10% of its total assets in high yield securities ("junk bonds") rated B or higher by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality.

VRU Code: 300

Morningstar Category Intermediate-Term Bond

As of 9/30/2014


Stock ...........................................................0.00 Foreign Stock ..............................................0.00 Bond ....................................................... 157.65 Foreign Bond .............................................25.77 Preferred ..................................................... 0.15 Convertible ..................................................0.00 Cash .........................................................-86.77 Other ........................................................... 3.21 Total 100.01% Largest Holdings % Assets

Fin Fut Euro$ Cme (Red) 12/14/15 ........... 28.45 Fin Fut Euro$ Cme (Red) 03/14/16 ........... 22.62 10 Year US Treasury Note Future Dec14 ...16.46 Fin Fut Euro$ Cme (Red) 09/19/16 ........... 10.82 Irs Usd 3.000 09/21/16-1y (Grn) Cme ........6.59 30 Year US Treasury Bond Future Dec14 ....5.37 Irs Usd 1.750 06/15/16-1y (Grn) Cme ........4.63 Fin Fut Euro$ Cme (Red) 06/13/16 ............. 4.52 Irs Usd 2.750 06/19/13-30y Cme ............... 2.62 US Treasury TIP ..........................................2.46 Total 104.54%


Ve

RidgeWorth Mid-Cap Value Equity Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: RidgeWorth Investments Investment Sub Advisor: Ceredex Value Advisors LLC Portfolio Manager: Don Wordell


The investment seeks to provide capital appreciation; current income is a secondary objective. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in U.S.-traded equity securities of mid-capitalization companies. The subadviser considers mid-capitalization companies to be companies with market capitalizations similar to those of companies in the Russell Midcap® Value Index.

Large

Mid

Small

Value Blend Growth

VRU Code: 408

Morningstar Category Mid-Cap Value


As of 12/31/2014



SanDisk Corp .............................................. 3.40 Ameriprise Financial Inc ..............................2.84 Omnicare Inc ...............................................2.63 Maxim Integrated Products Inc ...................2.52 Lazard Ltd ................................................... 2.51 Hartford Financial Services Group Inc ........ 2.51 NetApp Inc .................................................. 2.50 Juniper Networks Inc ..................................2.48 Cigna Corp .................................................. 2.43 Steris Corp ..................................................2.41 Total 26.23% Diversification % Assets



Ve

RidgeWorth Small Cap Value Equity Investment Option





GlobalSpecialty

Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatitlity.



_Strategy



Investment Advisor: RidgeWorth Investments Investment Sub Advisor: Ceredex Value Advisors LLC Portfolio Manager: Brett Barner


The investment seeks to provide capital appreciation, and current income is as a secondary consideration. The fund invests at least 80% of net assets (plus any borrowings for investment purposes) in U.S. traded equity securities of small cap companies. U.S. traded equity securities may include American Depositary Receipts ("ADRs"). The subadviser considers small-capitalization companies to be companies with market capitalizations between $50 million and $3 billion or with market capitalizations similar to those of companies in the Russell 2000® Value Index.

Large

Mid

Small

Value Blend Growth

VRU Code: 409

Morningstar Category Small Blend


As of 12/31/2014



StanCorp Financial Group Inc ..................... 3.96 HSN Inc .......................................................3.75 Progressive Waste Solutions Ltd ................ 3.47 CubeSmart .................................................. 3.04 Fair Isaac Corp ............................................3.03 Hanover Insurance Group Inc ..................... 2.85 Steris Corp ..................................................2.84 AMC Entertainment Holdings Inc Class A ... 2.46 Plantronics ..................................................2.44 Herman Miller Inc ....................................... 2.28 Total 30.12% Diversification % Assets

Basic Materials ............................................4.88 Consumer Cyclical .................................... 24.67 Financial Services ..................................... 17.47 Real Estate .................................................. 9.32 Consumer Defensive ................................... 0.47 Healthcare ................................................... 4.50 Utilities ........................................................2.87 Communication Services ............................ 0.00 Energy .........................................................4.78 Industrials ................................................. 23.54 Technology ..................................................7.51 Total 100.01%


Ve

T. Rowe Price Growth Stock Investment Option





GlobalSpecialty



_Strategy



Investment Advisor: T. Rowe Price Associates, Inc. Portfolio Manager: P. Robert Bartolo


The investment seeks long-term capital growth through investments in stocks. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in the common stocks of a diversified group of growth companies. It generally seeks investments in stocks of large-capitalization companies. While most assets will typically be invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with the fund's objectives. It may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.

Large

Mid

Small

Value Blend Growth

VRU Code: 824



As of 12/31/2014



Amazon.com Inc ......................................... 3.54 Visa Inc Class A .......................................... 3.35 Priceline Group Inc ..................................... 3.06 Google Inc Class C ......................................2.72 Google Inc Class A ......................................2.70 MasterCard Inc Class A ...............................2.26 Facebook Inc Class A ..................................2.23 McKesson Corp ...........................................2.18 American Airlines Group Inc ....................... 2.17 Gilead Sciences Inc .....................................2.15 Total 26.36% Diversification % Assets



Ve

Vanguard 500 Index Investment Option





GlobalSpecialty



_Strategy



Investment Advisor: Vanguard Group, Inc. Portfolio Manager: Michael H. Buek


The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. 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 large U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Large

Mid

Small

Value Blend Growth

VRU Code: 469

Morningstar Category Large Blend


As of 6/30/2014



Apple Inc .....................................................3.20 Exxon Mobil Corporation ............................ 2.47 Microsoft Corp ............................................1.79 Johnson & Johnson ....................................1.69 General Electric Co ......................................1.51 Wells Fargo & Co ........................................ 1.44 Chevron Corp ..............................................1.42 JPMorgan Chase & Co ................................1.25 Procter & Gamble Co ..................................1.22 Berkshire Hathaway Inc Class B ................. 1.19 Total 17.18% Diversification % Assets

Basic Materials ............................................3.36 Consumer Cyclical .................................... 10.35 Financial Services ..................................... 14.76 Real Estate .................................................. 1.94 Consumer Defensive ................................... 9.98 Healthcare ................................................. 13.24 Utilities ........................................................3.15 Communication Services ............................ 3.99 Energy .......................................................10.83 Industrials ................................................. 11.20 Technology ................................................17.20 Total 100.00%


Ve

Vanguard Mid-Cap Index Investment Option





GlobalSpecialty




_Strategy



Investment Advisor: Vanguard Group, Inc. Portfolio Manager: Donald Butler


The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP U.S. Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Large

Mid

Small

Value Blend Growth

VRU Code: 761

Morningstar Category Mid-Cap Blend


As of 12/31/2014



Health Care REIT, Inc. ................................. 0.75 United Continental Holdings Inc ................. 0.75 AvalonBay Communities Inc ....................... 0.65 Delphi Automotive PLC ............................... 0.65 L Brands Inc ............................................... 0.65 Sherwin-Williams Co ...................................0.65 Chipotle Mexican Grill Inc Class A .............. 0.64 Mylan Inc .................................................... 0.64 Seagate Technology PLC .............................0.63 Moody"s Corporation .................................. 0.61 Total 6.62% Diversification % Assets



Ve

Vanguard Small-Cap Index Investment Option





GlobalSpecialty

Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatitlity.



_Strategy



Investment Advisor: Vanguard Group, Inc. Portfolio Manager: Michael H. Buek


The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Large

Mid

Small

Value Blend Growth

VRU Code: 760

Morningstar Category Small Blend


As of 6/30/2014



Hillshire Brands Co ..................................... 0.27 Salix Pharmaceuticals Ltd ...........................0.26 Foot Locker Inc ........................................... 0.26 Arthur J Gallagher & Co ..............................0.26 Harman International Industries Inc ........... 0.26 Alkermes PLC ............................................. 0.26 Gannett Co Inc ............................................ 0.25 Packaging Corp of America .........................0.25 Rite Aid Corp ...............................................0.25 Snap-on Inc ................................................ 0.24 Total 2.56% Diversification % Assets

Basic Materials ............................................5.45 Consumer Cyclical .................................... 14.62 Financial Services ..................................... 12.55 Real Estate ................................................ 10.89 Consumer Defensive ................................... 3.73 Healthcare ................................................... 9.96 Utilities ........................................................3.81 Communication Services ............................ 0.91 Energy .........................................................5.65 Industrials ................................................. 17.14 Technology ................................................15.29 Total 100.00%


Ve

Vanguard Target Retirement 2015 Investment Option





GlobalSpecialty

The target date aligns with the year closest to the expected retirement date. Performance of target date funds depends on the performance of the underlying mutual funds and is not guaranteed at any time, including the target date. These funds may be subject to the volatility of global financial markets (domestic and international) and additional risks associated with investing in high yield, small cap and foreign securities. The principal value of target date funds isn't guaranteed even at the target date. A target date fund distributes contributions around a broad spectrum of stocks, bonds and cash. These allocations are rebalanced over time so the asset mix gets more conservative as the target date approaches.



_Strategy


Inception Date: 10/27/2003 Net Assets ($ in millions): $21,906.95

Investment Advisor: Vanguard Group, Inc. Portfolio Manager: Duane Kelly


The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the workforce in or within a few years of 2015 (the target year). The fund's asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease while the percentage of assets allocated to bonds and other fixed income investments will increase.

VRU Code: 819

Morningstar Category Target Date 2011-2015

As of 12/31/2014


Stock .........................................................35.39 Foreign Stock ............................................14.83 Bond ......................................................... 32.84 Foreign Bond .............................................12.67 Preferred ..................................................... 0.11 Convertible ..................................................0.00 Cash ............................................................3.55 Other ........................................................... 0.60 Total 99.99% Largest Holdings % Assets

Vanguard Total Stock Mkt Idx Inv .............35.87 Vanguard Total Bond Market II Idx Inv ..... 31.88 Vanguard Total Intl Stock Index Inv .......... 15.03 Vanguard Total Intl Bd Idx Investor .............9.88 Vanguard Shrt-Term Infl-Prot Sec Idx Inv ...7.31 Total 99.97% Diversification % Assets



Ve






GlobalSpecialty




_Strategy






VRU Code: 968


As of 12/31/2014


Stock .........................................................47.14 Foreign Stock ............................................19.92 Bond ......................................................... 21.52 Foreign Bond ...............................................8.67 Preferred ..................................................... 0.15 Convertible ..................................................0.00 Cash ............................................................1.95 Other ........................................................... 0.65 Total 100.00% Largest Holdings % Assets

Vanguard Total Stock Mkt Idx Inv .............47.78 Vanguard Total Bond Market II Idx Inv ..... 25.63 Vanguard Total Intl Stock Index Inv .......... 20.19 Vanguard Total Intl Bd Idx Investor .............6.33 Total 99.93% Diversification % Assets



Ve






GlobalSpecialty




_Strategy






VRU Code: 969


As of 12/31/2014


Stock .........................................................57.43 Foreign Stock ............................................24.32 Bond ......................................................... 11.54 Foreign Bond ...............................................4.60 Preferred ..................................................... 0.18 Convertible ..................................................0.00 Cash ............................................................1.24 Other ........................................................... 0.69 Total 100.00% Largest Holdings % Assets

Vanguard Total Stock Mkt Idx Inv .............58.21 Vanguard Total Intl Stock Index Inv .......... 24.65 Vanguard Total Bond Market II Idx Inv ..... 13.75 Vanguard Total Intl Bd Idx Investor .............3.34 Total 99.95% Diversification % Assets



Ve






GlobalSpecialty




_Strategy






VRU Code: 970


As of 12/31/2014



Vanguard Total Stock Mkt Idx Inv .............62.91 Vanguard Total Intl Stock Index Inv .......... 26.93 Vanguard Total Bond Market II Idx Inv ....... 8.09 Vanguard Total Intl Bd Idx Investor .............1.99 Total 99.92% Diversification % Assets



Ve

Vanguard Target Retirement Income Investment Option





GlobalSpecialty




_Strategy





The investment seeks to provide current income and some capital appreciation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors currently in retirement. Its indirect bond holdings are a diversified mix of short-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; inflation-protected public obligations issued by the U.S. Treasury; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S. dollar.

VRU Code: 971

Morningstar Category Retirement Income

As of 12/31/2014


Stock .........................................................20.98 Foreign Stock ..............................................8.74 Bond ......................................................... 46.62 Foreign Bond .............................................17.45 Preferred ..................................................... 0.07 Convertible ..................................................0.00 Cash ............................................................5.60 Other ........................................................... 0.54 Total 100.00% Largest Holdings % Assets

Vanguard Total Bond Market II Idx Inv ..... 39.02 Vanguard Total Stock Mkt Idx Inv .............21.26 Vanguard Shrt-Term Infl-Prot Sec Idx Inv .16.68 Vanguard Total Intl Bd Idx Investor ...........14.14 Vanguard Total Intl Stock Index Inv ............ 8.86 Total 99.96% Diversification % Assets




At MassMutual, we recognize that our relationships with you are based on integrity and trust. As part of that trust relationship, we are committed to keeping your personal information private. We also want you to be aware of how we protect, collect, and disclose your personal information.

We protect your personal information by:• Maintaining physical, electronic and procedural safeguards to protect your personal information;

• Restricting access to your personal information to employees with a business need to know;

• Requiring that any MassMutual business partners with whom we share your personal information protect

it and use it exclusively for the purpose for which it was shared;

• Ensuring personal information is only shared with third parties as necessary for standard business

purposes or as authorized by you; and

• Ensuring medical and health information is only shared with third parties to perform business, profes-

sional or insurance functions on our behalf or as authorized by you.

We may collect personal information about you from:• Our interactions with you, including applications and other forms, interviews, communications and visits

to our web site;

• Your transactions with us or our affiliated companies; and

• Information we obtain from third parties such as consumer or other reporting agencies and medical or

health care providers.

We may share personal information about you with:• Agents, brokers and others who provide our products and services to you;

• Our affiliated companies, such as insurance or investment companies, insurance agencies

or broker-dealers;

• Nonaffiliated companies in order to perform standard business functions on our behalf including those

related to processing transactions you request or authorize, or maintaining your account or policy;

• Courts and government agencies in response to court orders or legal investigations;

• Credit bureau reports; and

• Other financial institutions with whom we may jointly market products, if permitted in your state.

Consistent with our commitments stated above, please know that if any sharing of your personal information

will require us to give you the option to opt-out of or opt-in to the information sharing, we will provide you with

this option.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company

(MassMutual) and its affiliated companies and sales representatives. This notice is provided by the following

companies in the MassMutual Financial Group:

Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company

MML Investors Services MML Bay State Life Insurance Company

For more information regarding MassMutual’s privacy and security practices, please visit www.MassMutual.com.

Please note: customers with multiple MassMutual products may receive more than one copy of this notice.

B4452b 1110

Privacy Notice



Contracts issued by Hartford Life Insurance Company. Contracts are administered by Massachusetts Mutual Life Insurance Company.

The information contained in this enrollment book is not intended or written as specific legal or tax advice and may not be relied on for purposes of avoiding any federal tax penalties. Neither MassMutual nor any of its employees or representatives are authorized to give legal or tax advice. You must rely on the advice of your own independent tax counsel.

RS1964 1213

MassMutual Retirement ServicesP.O. Box 55274Boston, MA 02205-5274

MassMutual is proud to print on Forest Stewardship Council-certified paper. FSC certification ensures that the paper we print on contains fiber from well-managed and responsibly harvested forests that meet strict environmental and socioeconomic standards.

RS2070_BKCVR 714 C:34180-00

© 2014 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives.

Documents

City of Hartford 457 Retirement Plan - Live Mutual · RS2070_FRCVR 714 City of Hartford 457 Retirement Plan Prepared for: