United We Plan for Retirement

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1 Transition Guide to Fidelity for OhioHealth MedCentral Health System Associates MedCentral Health System 457(b) Top Hat Plan United We Plan for Retirement BRO-OhioHealth457b.indd 1 8/2/17 3:50 PM

2 Important Notice Concerning Your Rights under the MedCentral Health System 457(b) Top Hat Plan [MedCentral 457(b) Plan] This notice is to inform you that the MedCentral 457(b) Plan will be moving to Fidelity Investments. To ensure that all information is transferred accurately from your current plan account at MassMutual to your new MedCentral 457(b) Plan account at Fidelity, there will be a period of time when you will be unable to direct or diversify investments, or to obtain a distribution from the MedCentral 457(b) Plan. This period, during which you will be unable to exercise these rights otherwise available under the MedCentral 457(b) Plan, is called a blackout period. Whether or not you are planning retirement in the near future, we encourage you to carefully consider how this blackout period may affect your retirement planning, as well as your overall financial plan. The blackout period is expected to begin at 4 p.m. on September 7, The blackout period is expected to end the week of October 1, During these weeks, you can determine whether the blackout period has started or ended by calling the Fidelity Retirement Service Center toll free at (800) or going to NetBenefits.com/OhioHealth. You may call the HR Resource Center at (614) During the blackout period, you will be unable to direct or diversify the assets held in your MedCentral 457(b) Plan account. For this reason, it is very important that you review and consider the appropriateness of your current investments in light of your inability to direct or diversify those investments during the blackout period. For your longterm retirement security, you should give careful consideration to the importance of a well-balanced and diversified investment portfolio, taking into account all your assets, income, and investments. If you have any questions concerning this blackout, you should contact the Fidelity Retirement Service Center toll free at (800) or go to NetBenefits.com/OhioHealth. You may call the HR Resource Center at (614) BRO-OhioHealth457b.indd 2 8/2/17 3:50 PM

3 No matter where you are in your journey, we can help you map out the retirement you envision. Welcome to Fidelity! Fidelity Investments will become the service provider for the MedCentral Health System 457(b) Top Hat Plan (the MedCentral 457(b) Plan) in September At OhioHealth, we re committed to offering you resources to help you map out your retirement goals and along with Fidelity, we re here to help you at every step in your journey. This guide is intended to provide you with the details surrounding the transition to Fidelity. Inside you ll find information about the transition, including a timeline of events, an outline of your investment options in the Plan, how this change may affect you, and action steps you can take. Get ready for the changes ahead: Your retirement savings plan is an important benefit, so you need the right information, resources, and support to help you make decisions with confidence. With more than 70 years of financial services experience, Fidelity can help you put a plan in place that balances the needs of your life today with your retirement vision for tomorrow. Use this guide as a resource to help you take an active role in your retirement planning. Carefully review the key transition dates. Be aware of which services may be temporarily unavailable during the transition. Discover what your 457(b) Plan offers. Explore how your current investment lineup may change as a result of the transition. TABLE OF CONTENTS PAGE Highlights 4 Activity Calendar 6 Investment Options 8 Features and Services 12 Next Steps 13 Investment Option Descriptions 15 W OhioHealth chose America s Retirement Leader SM1 as your new service provider. Founded in 1946, Fidelity is the number-one provider of workplace retirement savings plans 2 today, and no one makes planning for retirement easier. Fidelity has always been committed to accuracy, top technologies, and the highest ethical standards. A relationship with Fidelity means you can count on accurate statements and information, as well as timely assistance with your questions. A special note for former associates, alternate payees, and plan beneficiaries: If you are a former associate, alternate payee, or beneficiary with an account balance in the Plan, some of the information enclosed may not apply to you. However, you will be affected by the upcoming transition, so please read this material carefully BRO-OhioHealth457b.indd 3 8/2/17 3:50 PM

4 Highlights Here is information about some of the features and services offered through the Plan, designed to help you meet your retirement goals. Investment options. The Plan gives you a choice of investment options that allow you the flexibility to build your own strategy to meet your needs both long and short term. After the transition, the MedCentral 457(b) Plan investment lineup may include current options and new investment choices. Depending on which funds you currently invest in, some of your investments may change. If you are satisfied with the way your investments are transitioning to Fidelity, no action is required on your part. An array of services. Take advantage of new account and planning services and tools available online and by phone at (800) Fidelity NetBenefits. Fidelity s NetBenefits website is designed so you can quickly and easily set up, monitor, and manage your 457(b) account. Log in to NetBenefits at NetBenefits.com/OhioHealth to get your account information at Fidelity, including comprehensive retirement planning tools and calculators. Full View. This online service, available through the Fidelity NetBenefits website, allows you to easily monitor all your Fidelity and non-fidelity online financial accounts in one secure place BRO-OhioHealth457b.indd 4

5 Highlights (continued) Fidelity Portfolio Advisory Service at Work. OhioHealth has teamed up with Fidelity to offer a managed account service. It s a new way to help you get, and stay, on course toward your retirement goals. With Fidelity Portfolio Advisory Service at Work, you get active retirement account management. This means that Fidelity s team of investment professionals invest, monitor, and rebalance your account as needed, to adjust to changes in the market or changes to your situation. Fidelity professionals are available to answer any questions you may have about this managed account service. Call (866) for more information. Rebalance notification and automatic rebalance. Get notified via any time your account s investment mix strays from your original strategy. You can also have your account rebalance your assets to stay consistent with the investment strategy you have chosen. Workplace planning and support. Fidelity Retirement Planners are knowledgeable professionals equipped with detailed information about the Plan and the financial know-how to provide advice on investing that will help get you on your way. Call the Fidelity Retirement Service Center at (800) to speak with a Fidelity Retirement Planner, Monday through Friday, 8 a.m. to midnight Eastern time. Visit NetBenefits.com/OhioHealth to schedule an appointment to meet on site with a Retirement Planner for a one-on-one consultation. Investor Centers. Fidelity has more than 190 Investor Centers across the country, including a location in Columbus. The professionals in the Investor Centers are highly trained to provide you with the latest retirement planning insights and investment help. Investor Center products and services are offered beyond your employer-sponsored retirement plan. You can find an Investor Center near you by visiting Fidelity.com/branchlocator. Beginning the week of October 1, 2017, you can log in to NetBenefits.com/OhioHealth or call (800) to check out these new tools and services or to obtain additional information and establish your investment fund allocations for future contributions. Please refer to the Important Plan and Investment-Related Information when managing or monitoring your account. Fidelity Portfolio Advisory Service at Work is a service of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. This service provides discretionary money management for a fee, which will be paid from your Plan account BRO-OhioHealth457b.indd 5

6 Activity Calendar Please review this activity calendar to understand how your account may be affected during the transition period. To ensure that all information is transferred accurately from your current Plan account at MassMutual to your new Plan account at Fidelity, there will be a period of time when you will be unable to change your investment fund allocations or initiate a withdrawal or distribution from the MedCentral 457(b) Plan. This period during which you will be unable to exercise these rights otherwise available under the MedCentral 457(b) Plan is called a blackout period. The blackout period begins at 4 p.m. Eastern time on September 7, 2017, and is expected to end the week of October 1, Whether or not you are planning retirement in the near future, we encourage you to carefully consider how this blackout period may affect your retirement planning, as well as your overall financial plan. During these weeks, you can determine whether the blackout period has started or ended by calling the Fidelity Retirement Service Center toll free at (800) or going to NetBenefits.com/OhioHealth. You may call the HR Resource Center at (614) During the blackout period, you ll be unable to direct or diversify any assets held in your MedCentral 457(b) Plan account. For this reason, it s very important that you review and consider the appropriateness of your current investments in light of your inability to direct or diversify those investments during the blackout period. For your long-term retirement security, you should give careful consideration to the importance of a well-balanced and diversified investment portfolio, taking into account all your assets, income, and investments. Transition Activity Calendar Review the calendar of events to understand how account activities may be affected during the transition period. KEY DATES* PLAN ACTIVITY ACTION STEPS September 7, p.m. Eastern time September 14, p.m. Eastern time September 15, 2017 The blackout period begins. This is the last day at MassMutual to: Request a distribution Change your investments Check your account balance Request an exchange between investment options Valuation Date Your account balance is scheduled to transfer to Fidelity. Return all necessary paperwork to MassMutual to process a distribution before the blackout period begins at 4 p.m. Eastern time on September 7, Please allow enough time to request, receive, complete, and return the paperwork to MassMutual before this deadline. Your account balances are valued at the close of the market. Review the Investment Options section of this guide to learn how your current investment lineup may change as a result of the transition BRO-OhioHealth457b.indd 6

7 KEY DATES* PLAN ACTIVITY ACTION STEPS Week of October 1, 2017 Starting October 2, 2017 October 15, 2017 The blackout period is expected to end during this week. The Fidelity Retirement Service Center and NetBenefits website will open for all Plan services. NetBenefits.com/OhioHealth (800) Fidelity Retirement Planners will be available for both over the phone and in-person one-on-one consultations. Your final account statement from MassMutual will be mailed to you. You will be notified when the blackout period has ended, and you can now log in to NetBenefits to do the following: Log in to NetBenefits at NetBenefits.com/OhioHealth to set up your username and password. On NetBenefits, you can: Review your account balance Request changes to your account Access investment option descriptions Research investment performance Call (800) to speak with a Fidelity Representative who can answer questions and walk you through any transaction you want to make in your account. Schedule an in-person or over the phone one-on-one consultation with a Fidelity Retirement Planner by visiting NetBenefits.com/OhioHealth or by calling (800) Review your final account statement from MassMutual and compare it with the statement you ll receive from Fidelity. Contact Fidelity with questions. * The timing of the Plan changes and transition period, including any asset reallocations, described within this brochure depends on a variety of factors, which may include the timing and accuracy of the transfer of data, receipt of instructions, and receipt of assets. Changes in any of these factors may result in changes to the timing of the delivery of services, the transition period, and/or the dates on which, and thus the prices at which, assets in your account are sold and/or reinvested. IMPORTANT INFORMATION ABOUT ACCOUNT STATEMENTS In January 2018, your first quarterly statement from Fidelity will be available. Account statements for the Plan will be available online through NetBenefits at NetBenefits.com/OhioHealth. A quarterly paper statement will not be automatically mailed to your home, but you will receive an or letter notification when the statements are available. You may request a paper statement of your account at any time. Note that you can change your mail preferences and request that quarterly statements be mailed to your home address. You can do this by calling Fidelity toll free at (800) or logging in to NetBenefits at NetBenefits.com/OhioHealth. Simply click Profile from the main menu, click Communication, then choose your mail preferences BRO-OhioHealth457b.indd 7

8 Investment Options Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. Overview The Plan gives you a choice of investment options that allow you flexibility to build your own strategy to meet your needs both long and short term. Now is a good time to look at your situation and decide whether changes might be appropriate to better align your investment approach with your retirement goals. How to choose your investments Before making your investment decisions, it is important that you become familiar with the various options in the Plan. Additional information regarding each investment option s risk, as well as its strategy and objective, can be found in the Investment Option Descriptions section of this guide. A prospectus or fact sheet, if available, can be obtained on NetBenefits.com/OhioHealth beginning the week of October 1, Please consider all investment information before choosing your investments. The following investment options will be available in the Plan. INVESTMENT OPTIONS Stock Investment Options American Funds EuroPacific Growth Fund Class R-6 Artisan Small Cap Fund Harbor Capital Appreciation Fund Invesco Diversified Dividend Fund Principal Diversified Real Asset Fund Class R-6 Vanguard Institutional Index Fund Vanguard Small-Cap Index Fund Vanguard Total International Stock Index Fund Victory Integrity Small-Cap Value Fund Bond Investment Options Metropolitan West Total Return Bond Fund Plan Class Templeton Global Bond Fund Stable Value Investment Option Lincoln Stable Value Fund Target Date Investment Options Vanguard Institutional Target Retirement Income Fund Vanguard Institutional Target Retirement 2015 Fund Vanguard Institutional Target Retirement 2020 Fund Vanguard Institutional Target Retirement 2025 Fund Vanguard Institutional Target Retirement 2030 Fund Vanguard Institutional Target Retirement 2035 Fund Vanguard Institutional Target Retirement 2040 Fund Vanguard Institutional Target Retirement 2045 Fund Vanguard Institutional Target Retirement 2050 Fund Vanguard Institutional Target Retirement 2055 Fund Vanguard Institutional Target Retirement 2060 Fund Vanguard Institutional Target Retirement 2065 Fund TICKER SYMBOL RERGX APHSX LCEFX PDARX VINIX VSCIX VTSNX MVSSX MWTSX FBNRX N/A VITRX VITVX VITWX VRIVX VTTWX VITFX VIRSX VITLX VTRLX VIVLX VILVX VSXFX BRO-OhioHealth457b.indd 8

9 How your investments with MassMutual will transfer to Fidelity When the market closes (generally 4 p.m. Eastern time) on September 7, 2017, the investment options offered through your Plan with MassMutual will no longer be available. As a result, current account balances and future contributions will transfer to the new options offered through Fidelity as shown below. Once the blackout period has ended, which is expected to be during the week of October 1, 2017, all Plan services will be available, including the ability to make investment exchanges within your account. EXISTING INVESTMENT OPTIONS WITH MASSMUTUAL, AS OF 9/7/2017 TICKER SYMBOL NEW INVESTMENT OPTIONS WITH FIDELITY, EFFECTIVE 10/1/2017 TICKER SYMBOL General Account N/A Æ Lincoln Stable Value Fund N/A Hartford Total Return Bond HLS Fund Class IA HIABX Æ Metropolitan West Total Return Bond Fund Plan Class MWTSX PIMCO Real Return Fund Class A PRTNX Æ Principal Diversified Real Asset Fund Class R-6 PDARX Goldman Sachs High Yield Fund Class A GSHAX Æ Metropolitan West Total Return Bond Plan Class MWTSX AB Global Risk Allocation Fund, Inc. Class A CABNX Invesco Equity and Income Fund Class A ACEIX Æ Hartford Balanced HLS FD CL IA HADAX Æ BlackRock LifePath Dynamic 2020 Fund BlackRock LifePath Dynamic 2030 Fund BlackRock LifePath Dynamic 2040 Fund STLCX STLDX STLEX Æ Æ Æ Æ Vanguard Institutional Target Retirement Fund with the target retirement date closest to the year you turn 65 Vanguard Institutional Target Retirement Fund with the target retirement date closest to the year you turn 65 Vanguard Institutional Target Retirement Fund with the target retirement date closest to the year you turn 65 Vanguard Institutional Target Retirement Fund with the target retirement date closest to the year you turn 65 Vanguard Institutional Target Retirement Fund with the target retirement date closest to the year you turn 65 Vanguard Institutional Target Retirement Fund with the target retirement date closest to the year you turn 65 See chart on page 12 See chart on page 12 See chart on page 12 See chart on page 12 See chart on page 12 See chart on page 12 Invesco Comstock Fund Class A ACSTX Æ Invesco Diversified Dividend Fund LCEFX Hartford Value HLS Fund Class IA HIAVX Æ Invesco Diversified Dividend Fund LCEFX SSgA S&P 500 Index Fund N Class SVSPX Æ Vanguard Institutional Index Fund VINIX Davis New York Venture Fund Class A NYVTX Æ 50% to Invesco Diversified Dividend Fund LCEFX 50% to Harbor Capital Appreciation Fund Victory Diversified Stock Fund Class A SRVEX Æ 50% to Invesco Diversified Dividend Fund LCEFX 50% to Harbor Capital Appreciation Fund BRO-OhioHealth457b.indd 9

10 EXISTING INVESTMENT OPTIONS WITH MASSMUTUAL, AS OF 9/7/2017 TICKER SYMBOL Victory Special Value Fund Class A SSVSX Æ ClearBridge Value Trust Class FI LMVFX Æ Domini Impact Equity Fund Investor Shares Hartford Growth Opportunities HLS Fund Class IA The Growth Fund of America Class R-3 Shares Highland Premier Growth Equity Fund Class A DSEFX Æ HAGOX Æ RGACX Æ HPEAX Æ American Century Ultra Fund A Class TWUAX Æ Neuberger Berman Socially Responsive Fund Trust Class NBSTX Æ Calvert Equity Portfolio Class A CSIEX Æ Artisan Mid Cap Value Fund Investor Class ARTQX Æ Goldman Sachs Mid Cap Value Fund Class A Lord Abbett Securities TR, Lord Abbett Value Opportunities FD CL Dreyfus Mid Cap Index Fund Investor Shares GCMAX LVOPX PESPX Æ Æ Æ NEW INVESTMENT OPTIONS WITH FIDELITY, EFFECTIVE 10/1/ % to Invesco Diversified Dividend Fund 50% to Harbor Capital Appreciation Fund 50% to Invesco Diversified Dividend Fund 50% to Harbor Capital Appreciation Fund 50% to Invesco Diversified Dividend Fund 50% to Harbor Capital Appreciation Fund Harbor Capital Appreciation Fund Harbor Capital Appreciation Fund Harbor Capital Appreciation Fund Harbor Capital Appreciation Fund Harbor Capital Appreciation Fund Harbor Capital Appreciation Fund 50% to Invesco Diversified Dividend Fund 50% to Victory Integrity Small-Cap Value Fund 50% to Invesco Diversified Dividend Fund 50% to Victory Integrity Small-Cap Value Fund 25% to Invesco Diversified Dividend Fund 25% to Victory Integrity Small-Cap Value Fund 25% to Harbor Capital Appreciation Fund 25% to Artisan Small Cap Fund 50% to Vanguard Institutional Index Fund 50% to Vanguard Small-Cap Index Fund TICKER SYMBOL LCEFX LCEFX LCEFX LCEFX MVSSX LCEFX MVSSX LCEFX MVSSX APHSX VINIX VSCIX BRO-OhioHealth457b.indd 10

11 EXISTING INVESTMENT OPTIONS WITH MASSMUTUAL, AS OF 9/7/2017 Victory Munder Mid-Cap Core Growth Fund Class A TICKER SYMBOL MGOAX American Century Heritage Fund A Class ATHAX Æ Franklin Small Cap Value Fund Class A FRVLX Æ Keeley Small Cap Value Fund Class A KSCVX Æ Æ NEW INVESTMENT OPTIONS WITH FIDELITY, EFFECTIVE 10/1/ % to Harbor Capital Appreciation Fund 50% to Artisan Small Cap Fund 50% to Harbor Capital Appreciation Fund 50% to Artisan Small Cap Fund Victory Integrity Small-Cap Value Fund 50% to Victory Integrity Small-Cap Value Fund 50% to Artisan Small Cap Fund TICKER SYMBOL APHSX APHSX MVSSX MVSSX APHSX Hartford Small Cap Growth HLS Fund Class IA HISCX Æ Artisan Small Cap Fund APHSX Royce Smaller-Companies Growth Fund Service Class RYVPX Æ Artisan Small Cap Fund APHSX Baron Small Cap Fund Retail Class BSCFX Æ Artisan Small Cap Fund APHSX American Funds Capital World Growth & Income Fund Class R-3 RWICX Templeton Growth Fund, Inc. Class A TEPLX Æ AB International Value Fund Class A ABIAX Æ Hartford International Opportunities HLS Fund Class IA Æ HIAOX Æ MFS International Value Fund Class R3 MINGX Æ American Funds EuroPacific Growth Fund Class R-3 RERCX Æ 25% to Invesco Diversified Dividend Fund 25% to Harbor Capital Appreciation Fund 50% to American Funds EuroPacific Growth Fund Class R-6 20% to Invesco Diversified Dividend Fund 20% to Harbor Capital Appreciation Fund 60% to American Funds EuroPacific Growth Fund Class R-6 American Funds EuroPacific Growth Fund Class R-6 American Funds EuroPacific Growth Fund Class R-6 American Funds EuroPacific Growth Fund Class R-6 American Funds EuroPacific Growth Fund Class R-6 LCEFX RERGX LCEFX RERGX RERGX RERGX RERGX RERGX Invesco Real Estate Fund Class A IARAX Æ Principal Diversified Real Asset Fund Class R-6 PDARX BRO-OhioHealth457b.indd 11

12 Default investment option This chart lists the Vanguard Institutional Target Retirement Fund with the target retirement date closest to the year you turn 65. OhioHealth has determined existing balances in the Plan, in the mapping chart on page 9, will be invested in Vanguard Institutional Target Retirement Fund Institutional Shares with the target retirement date closest to the year you turn 65. Please use the guidelines in the table below, as provided by the Plan sponsor, to determine into which Vanguard Institutional Target Retirement Fund your applicable current account balances will be invested. DATE OF BIRTH Before /1/ /31/1952 1/1/ /31/1957 1/1/ /31/1962 1/1/ /31/1967 1/1/ /31/1972 1/1/ /31/1977 1/1/ /31/1982 1/1/ /31/1987 1/1/ /31/1992 1/1/ /31/1997 After 1997 FUND NAME Features and Services Vanguard Institutional Target Retirement Income Fund Vanguard Institutional Target Retirement 2015 Fund Vanguard Institutional Target Retirement 2020 Fund Vanguard Institutional Target Retirement 2025 Fund Vanguard Institutional Target Retirement 2030 Fund Vanguard Institutional Target Retirement 2035 Fund Vanguard Institutional Target Retirement 2040 Fund Vanguard Institutional Target Retirement 2045 Fund Vanguard Institutional Target Retirement 2050 Fund Vanguard Institutional Target Retirement 2055 Fund Vanguard Institutional Target Retirement 2060 Fund Vanguard Institutional Target Retirement 2065 Fund TARGET RETIREMENT DATE Before After 2062 Here is additional information about some of the new features and services offered through the Plan at Fidelity and designed to help you meet your retirement goals. Fidelity Portfolio Advisory Service at Work OhioHealth has teamed up with Fidelity to offer a managed account service. It s a way to help you get, and stay, on course toward your retirement goals. With Fidelity Portfolio Advisory Service at Work, you get active retirement account management. This means that Fidelity s team of investment professionals invest, monitor, and rebalance your account as needed, to adjust to changes in the market or changes to your situation BRO-OhioHealth457b.indd 12

13 Once the Plan transition is complete, you will be notified. Beginning October 2, 2017, Fidelity Representatives will be available to answer any questions you may have about this managed account service. Call (866) for more information. Fidelity Portfolio Advisory Service at Work is a service of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. This service provides discretionary money management for a fee, which will be paid from your account. Withdrawals Withdrawals from the Plan are generally permitted when you terminate your employment, retire, or have severe financial hardship as defined by your Plan. Next Steps WHAT YOU CAN DO NOW Before the blackout period begins on September 7, 2017 Make any changes to or process any transactions in your MassMutual account. Call MassMutual at (800) or log in to WHAT YOU CAN DO BEGINNING OCTOBER 1, 2017 Visit NetBenefits.com/OhioHealth to log in to Fidelity NetBenefits. Fidelity s website is designed so you can quickly and easily set up, monitor, and manage your retirement savings account. Set up your username and password. Click Register at the top of NetBenefits.com/OhioHealth and follow the stepby-step instructions. If you are a current Fidelity customer and already have a username and a password, you can use them to access your Plan account on the NetBenefits website. Register your address and select edelivery. Access your Plan account virtually any time to make updates to your investment allocations. Take advantage of online account access, practical education, easy-to-use tools, and calculators. You can do both when you select Profile from the main menu of NetBenefits. Simply update your Preferences to ensure you ll receive important transition updates the way you prefer. On NetBenefits, you can change your investment options. You can even request a withdrawal online, if applicable. Get details on all your investments, including account statements, current prices, and historical performance. Fidelity also provides many tools and calculators to help you create a successful savings and retirement strategy. Fidelity is excited to become a part of the MedCentral team. If you have any questions or need assistance, starting October 1, 2017, you can contact the Fidelity Retirement Service Center at (800) Service Representatives are available Monday through Friday from 8:30 a.m. to midnight Eastern time (excluding New York Stock Exchange holidays). The automated phone system and website, NetBenefits.com/OhioHealth (access to NetBenefits), will be available virtually 24 hours a day, seven days a week. We look forward to assisting with your retirement planning needs! BRO-OhioHealth457b.indd 13

14 OhioHealth Access your account information. anytime, anywhere. Swipe to begin. Go mobile. Download the NetBenefits mobile app. Download a NetBenefits mobile app from the App Store, Google Play TM Store, or Windows Store and get access to all your Fidelity workplace accounts anywhere, anytime.* NetBenefits smartphone and ipad app NetBenefits Microsoft Surface TM app Screenshots are for illustrative purposes only. Apple, the Apple logo, ipad, iphone, and imac are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android and Google Play are trademarks of Google Inc. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. * System availability and response times may be subject to market conditions. The trademarks and service marks appearing herein are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliated company and may be registered BRO-OhioHealth457b.indd 14

15 Investment Option Descriptions A description of each investment option available in the Plan is provided below. American Funds EuroPacific Growth Fund Class R-6 Ticker Symbol: RERGX Objective: The investment seeks long-term growth of capital. Strategy: 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 will invest at least 80% of its 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 emerging markets. Risk: Foreign securities are subject to interest-rate, currencyexchange-rate, economic, and political risks, all of which may be magnified in emerging markets. Growth stocks can perform differently from the market as a whole and can be more volatile than other types of stocks. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking to complement a portfolio of domestic investments with international investments, which can behave differently. Someone who is willing to accept the higher degree of risk associated with investing overseas. The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/01/2009. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 04/16/1984, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher). Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Artisan Small Cap Fund Ticker Symbol: APHSX Objective: The investment seeks maximum long-term capital growth. Strategy: The fund invests no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in the common stocks of small companies. It defines a small company as one with a market capitalization less than three times the weighted average market capitalization of companies in the Russell 2000 Index. Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Growth stocks can perform differently from the market as a whole and can be more volatile than other types of stocks. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking the potential for long-term shareprice appreciation. Someone who is willing to accept the generally greater price volatility associated both with growth-oriented stocks and with smaller companies. The Russell 2000 Index is an unmanaged market capitalization weighted index of 2,000 small company stocks of U.S. domiciled companies. The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/07/2012. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 03/28/1995, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher). Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Harbor Capital Appreciation Fund Ticker Symbol: Objective: The investment seeks long-term growth of capital. Strategy: The fund invests primarily in equity securities, principally common and preferred stocks, of U.S. companies with market capitalizations of at least $1 billion at the time of purchase and that the Subadviser considers having above average prospects for growth. The stocks of mid and large cap companies in the fund s portfolio are those the Subadviser expects to maintain or achieve above average earnings growth. The fund may invest up to 20% of its total assets in the securities of foreign issuers, including issuers located or doing business in emerging markets BRO-OhioHealth457b.indd 15

16 Risk: Growth stocks can perform differently from the market as a whole and can be more volatile than other types of stocks. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking the potential for long-term shareprice appreciation. Someone who is willing to accept the generally greater price volatility associated with growth-oriented stocks. Invesco Diversified Dividend Fund Ticker Symbol: LCEFX Objective: The investment seeks long-term growth of capital and, secondarily, current income. Strategy: The fund invests primarily in dividend-paying equity securities. It invests in securities that the portfolio managers believe are undervalued based on various valuation measures. The fund may invest up to 25% of its net assets in securities of foreign issuers. Risk: Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking the potential for long-term shareprice appreciation and, secondarily, dividend income. Someone who is comfortable with the volatility of largecap stocks and value-style investments. The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 09/24/2012. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 12/31/2001, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher). Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Lincoln Stable Value Account FPRS code: GAWC Objective: The Lincoln Stable Value Option is managed to earn a competitive interest rate without risking a loss of principal. Strategy: The account is a diversified portfolio of fixedincome assets. This diversified general account portfolio consists of public and private securities, commercial and residential mortgages and U.S. agency securities. Risk: The fund is backed by a diversified portfolio of fixedincome assets held in the general account of the issuer. Guarantees are subject to the claims paying ability of the issuer. Restrictions or fees may apply to exchanges or withdrawals. The Contracts provide for the payment of certain withdrawals and exchanges at book value during the terms of the Contracts. In order to maintain the Contract issuers promise to pay such withdrawals and exchanges at book value, the Contracts subject the fund and its participants to certain restrictions. For example, withdrawals prompted by certain events (e.g., layoffs, early retirement windows, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in laws or regulations) may be paid at the market value of the fund s securities, which may be less than your book value balance or may restrict withdrawals in these events. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who seeks a slightly higher yield over the long term than is offered by money market funds, but who is willing to accept slightly more investment risk Someone who is interested in balancing an aggressive portfolio with an investment that seeks to provide a declared crediting rate that is reset on a periodic basis. The investment option is an annuity. The fund is managed by Lincoln National Life Insurance Company. This description is only intended to provide a brief overview of the fund. This investment option is not a mutual fund. Metropolitan West Total Return Bond Fund Plan Class Ticker Symbol: MWTSX Objective: The investment seeks to maximize long-term total return. Strategy: The fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets in investment grade fixed income securities or unrated securities that are determined by the Adviser to be of similar quality. Up to 20% of the fund s net assets may be invested in securities rated below investment grade. The fund also invests at least 80% of its net assets plus borrowings for BRO-OhioHealth457b.indd 16

17 investment purposes in fixed income securities it regards as bonds. Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share price. Someone who is seeking to diversify an equity portfolio with a more conservative investment option. The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 07/29/2011. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 03/31/1997, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher). Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Principal Diversified Real Asset Fund Class R-6 Ticker Symbol: PDARX Objective: The investment seeks a long-term total return in excess of inflation. Strategy: The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in investments related to real assets and real asset companies. It seeks to achieve its investment objective by allocating its assets among general investment categories related to real assets and real asset companies (which include tangible assets and investments that are expected to perform well in periods of high inflation). Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking to invest in a fund that invests in both stocks and bonds. Someone who is seeking the potential both for income and for long-term share-price appreciation and who is willing to accept the volatility of the bond and stock markets. The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 12/31/2014. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 03/16/2010, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher). Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Templeton Global Bond Fund Ticker Symbol: FBNRX Objective: The investment seeks current income with capital appreciation and growth of income. Strategy: Under normal market conditions, the fund invests at least 80% of its net assets in bonds. Bonds include debt obligations of any maturity, such as bonds, notes, bills and debentures. It invests predominantly in bonds issued by governments, government-related entities and government agencies located around the world. The fund may invest up to 25% of its total assets in bonds that are rated below investment grade or, if unrated determined by the investment manager to be of comparable quality. It is non-diversified. Risk: Foreign securities are subject to interest-rate, currencyexchange-rate, economic, and political risks, all of which may be magnified in emerging markets. The fund may invest in lower-quality debt securities that involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longerterm securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible BRO-OhioHealth457b.indd 17

18 Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share price. Someone who is seeking to complement his or her core bond holdings with international bond investments and who can tolerate the greater risks associated with foreign investments. The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/01/2013. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 09/18/1986, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher). Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Vanguard Institutional Index Fund Ticker Symbol: VINIX Objective: The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. Strategy: The fund employs an indexing investment approach designed to track the performance of the Standard & Poor s 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. Risk: Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking the potential for long-term shareprice appreciation and, secondarily, dividend income. Someone who is seeking both growth- and value-style investments and who is willing to accept the volatility associated with investing in the stock market. S&P 500 Index is a market capitalization weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. Vanguard Institutional Target Retirement 2015 Fund Ticker Symbol: VITVX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 As of September 30, 2016, its asset allocation among the underlying funds was as follows: Vanguard Total Bond Market II Index Fund 30.8%; Vanguard Total Stock Market Index Fund 27.6%; Vanguard Total International Stock Index Fund 18.4%; Vanguard Total International Bond Index Fund 13.5%; Vanguard Short-Term Inflation-Protected Securities Index Fund 9.7%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option intended for people in or very near retirement and who is willing to accept the volatility of diversified investments in the market. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time BRO-OhioHealth457b.indd 18

19 Vanguard Institutional Target Retirement 2020 Fund Ticker Symbol: VITWX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 As of September 30, 2016, its asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 34.4%; Vanguard Total Bond Market II Index Fund 28.3%; Vanguard Total International Stock Index Fund 22.8%; Vanguard Total International Bond Index Fund 12.3%; Vanguard Short-Term Inflation-Protected Securities Index Fund 2.2%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in highyield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement 2025 Fund Ticker Symbol: VRIVX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 2025 (the target year). As of September 30, 2016, the fund s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 38.9%; Vanguard Total International Stock Index Fund 26.1%; Vanguard Total Bond Market II Index Fund 24.4%; Vanguard Total International Bond Index Fund 10.6%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in highyield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement 2030 Fund Ticker Symbol: VTTWX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 2030 (the target year). As of September 30, 2016, the fund s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 43.6%; Vanguard Total International Stock Index Fund 29.1%; Vanguard Total Bond Market II Index Fund 19.0%; Vanguard Total International Bond Index Fund 8.3%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity BRO-OhioHealth457b.indd 19

20 and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in highyield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement 2035 Fund Ticker Symbol: VITFX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 2035 (the target year). As of September 30, 2016, the fund s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 48.3%; Vanguard Total International Stock Index Fund 31.9%; Vanguard Total Bond Market II Index Fund 13.9%; Vanguard Total International Bond Index Fund 5.9%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in highyield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement 2040 Fund Ticker Symbol: VIRSX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 2040 (the target year). As of September 30, 2016, the fund s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 52.7%; Vanguard Total International Stock Index Fund 35.0%; Vanguard Total Bond Market II Index Fund 8.6%; Vanguard Total International Bond Index Fund 3.7%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in highyield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement 2045 Fund Ticker Symbol: VITLX Objective: The investment seeks to provide capital BRO-OhioHealth457b.indd 20

21 appreciation and current income consistent with its current asset allocation. Strategy: 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 2045 (the target year). As of September 30, 2016, the fund s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 54.1%; Vanguard Total International Stock Index Fund 35.9%; Vanguard Total Bond Market II Index Fund 7.0%; Vanguard Total International Bond Index Fund 3.0%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in highyield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement 2050 Fund Ticker Symbol: VTRLX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 2050 (the target year). As of September 30, 2016, the fund s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 54.0%; Vanguard Total International Stock Index Fund 35.8%; Vanguard Total Bond Market II Index Fund 7.2%; Vanguard Total International Bond Index Fund 3.0%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement 2055 Fund Ticker Symbol: VIVLX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 2055 (the target year). As of September 30, 2016, the fund s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 54.0%; Vanguard Total International Stock Index Fund 36.0%; Vanguard Total Bond Market II Index Fund 7.0%; Vanguard Total International Bond Index Fund 3.0%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in highyield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available BRO-OhioHealth457b.indd 21

22 Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement 2060 Fund Ticker Symbol: VILVX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 2060 (the target year). As of September 30, 2016, the fund s asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund 54.1%; Vanguard Total International Stock Index Fund 35.9%; Vanguard Total Bond Market II Index Fund 7.0%; Vanguard Total International Bond Index Fund 3.0%. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in highyield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement 2065 Fund Ticker Symbol: VSXFX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. Strategy: 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 2065 (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. Risk: The target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The funds are managed to gradually become more conservative over time as they approach their target date. The investment risk of each target date fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in highyield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept the volatility of the markets. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does not feel comfortable making asset allocation choices over time. Vanguard Institutional Target Retirement Income Fund Ticker Symbol: VITRX Objective: The investment seeks to provide current income and some capital appreciation. Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors currently in retirement. As of September 30, 2016, the fund s asset allocation among the underlying funds was as follows: Vanguard Total Bond Market II Index Fund 37.1%; Vanguard Total Stock Market Index Fund 18.0%; Vanguard Short-Term Inflation-Protected Securities Index Fund 16.7%; BRO-OhioHealth457b.indd 22

23 Vanguard Total International Bond Index Fund 16.2%; Vanguard Total International Stock Index Fund 12.0%. Risk: The fund is subject to the volatility of the financial markets, including that of equity and fixed income investments. Fixed income investments carry issuer default and credit risk, inflation risk, and interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Principal invested is not guaranteed at any time, including at or after retirement. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking an investment option intended for people in retirement and who is willing to accept the volatility of diversified investments in the market. Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option and looking primarily for the potential for income and, secondarily, for share-price appreciation. Vanguard Small-Cap Index Fund Ticker Symbol: VSCIX Objective: The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. Strategy: The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking the potential for long-term shareprice appreciation and, secondarily, dividend income. Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatility of investments in smaller companies. The CRSP US Small Cap Index includes U.S. companies that fall between the bottom 2% 15% of the investable market capitalization. There is no lower limit in market capitalization, other than what is specified by investability screens. The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 07/07/1997. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 10/03/1960, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher). Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Vanguard Total International Stock Index Fund Ticker Symbol: VTSNX Objective: The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States. Strategy: The fund employs an indexing investment approach designed to track the performance of the FTSE Global All Cap ex US Index, a float-adjusted marketcapitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The index includes approximately 5,800 stocks of companies located in over 45 countries. Risk: Foreign securities are subject to interest-rate, currencyexchange-rate, economic, and political risks, all of which may be magnified in emerging markets. Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking to complement a portfolio of domestic investments with international investments, which can behave differently. Someone who is willing to accept the higher degree of risk associated with investing overseas BRO-OhioHealth457b.indd 23

24 The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 11/29/2010. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 04/29/1996, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher). Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. The FTSE Global All Cap ex US Index is part of a range of indices designed to help US investors benchmark their international investments. The index comprises large, mid and small cap stocks globally excluding the US. Victory Integrity Small-Cap Value Fund Ticker Symbol: MVSSX Objective: The investment seeks to provide long-term capital growth. Strategy: The Adviser pursues long-term capital growth in the fund by investing, under normal circumstances, at least 80% of the fund s net assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small-capitalization companies. Small-capitalization companies mean those companies with market capitalizations within the range of companies included in the Russell 2000 Index. Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional risk information for this product may be found in the prospectus or other product materials, if available. Someone who is seeking the potential for long-term shareprice appreciation and, secondarily, dividend income. Someone who is comfortable with value-style investments and the potentially greater volatility of investments in smaller companies. The Russell 2000 Index is an unmanaged market capitalization weighted index of 2,000 small company stocks of U.S. domiciled companies. The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 06/01/2012. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 03/30/2004, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher). Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. 1 Based on two surveys: The PLANSPONSOR magazine 2016 Recordkeeping Survey ( Asset International, Inc.), based on defined contribution plan assets administered and number of participants of recordkeepers, as of 12/31/2015; and Cerulli Associates The Cerulli Edge Retirement Edition, Q2 2016, based on an industry survey of firms reporting total IRA assets administered for Q This statement is based on the results of a combination of independent media surveys. Fidelity ranked first in DC assets under administration as of December 31, 2015, in Pensions & Investments annual Defined Contribution Record Keepers Survey; first in total recordkeeping assets and participants as of December 31, 2015, in PLANSPONSOR s annual Defined Contribution Recordkeepers Survey; and first in DC assets recordkept as of December 31, 2015, in Cerulli Quantitative Update: Retirement Markets You are not permitted to make a direct exchange from the Lincoln Stable Value Fund to the Templeton Global Bond Fund (considered competing funds). Before exchanging from the Lincoln Stable Value Fund, you must first exchange to a noncompeting fund for 90 days. While these requirements may seem restrictive, they are typically imposed by issuers such as insurance companies, banks, or other approved financial institutions, as a condition for issuing investment contracts to retirement plans. This document provides only a summary of the main features of the MedCentral Health System 457(b) Top Hat Plan and the Plan document will govern in the event of any discrepancies MedCentral Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI FMR LLC. All rights reserved / BRO-OhioHealth457b.indd 24