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

Transcription

1 Prepared for: Montgomery County Union Employees 457 Deferred Compensation Plan RS2070_FRCVR 714

2 Welcome M<<EmployerName>> ontgomery Countyis Union pleased i s pleased to offer to you offer a retirement you a retirement plan as a plan benefit as to a benefit help you tosave helpand youinvest save an for d invest retirement. for retirement. It s one way It s to one thank way you tofor thank your you contribution for your contribution to the organization s to the organization s success. success. This booklet walks you through the basics of of the the <<PlanName>> M ontgomery and County how Union to get Employees started. You ll 457also Deferre find d Cinformation ompensation to help Planyou a ndmake how a toplan get for started. your life You ll in the alsofuture find information that works for toyour helplife youright make now. 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. 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>> If you have questions or for more information, please visit w ww.massmutual.com/serve, c ontact your benefits <<Broker1>> administrator or: <<Broker2>> <<Broker3>> Keir Richter KeirRichter@massmutual.com We hope you ll take full advantage of this important benefit. <<SignBlock>> We hope you ll take full advantage of this important benefit. RS2070_WELCOME 614

3 to your account Two easy ways to monitor and manage your account. 1. ONLINEO E Log Log into into our our website website at at <<website>>. w ww.massmutual.com/serv Here you e. can H ere access you can powerful access retirement powerful retirement planning tools planning and t calculators, ools and calculators, and manage and your manage account your anytime, account anytime, from virtually from anywhere. virtually anywhere. You ll be able to: You ll be able to: Obtain current account balances Obtain current account balances Change your investment options Change your investment options Perform account transactions Perform account transactions T ransfer (exchange) balances between investment <<Access_SPR>> options* Transfer Check current (exchange) investment balances prices between and performanc investment e options* V iew and download your quarterly electronic Check current investment prices and performance statements <<Access_Statements>> Reset/enable your PIN and user ID View and download your quarterly electronic I f you are having trouble accessing your account for statements t he first time, please contact your Participant Service Center at for assistance. If you are having trouble accessing your account for * the You first aretime, allowed please to submit contact a total your ofparticipant 20 transferservice requests Center e ach calendar at << >> year for your participant r account assistance. by any p ermitted means. Once these 20 transfers have been r equested, you may submit any additional transfer r equests only in writing by U.S. mail. Transfers as a result o f dollar-cost averaging (if applicable) do not count t oward the 20-transfer limit. Each calendar year, * You M assmutual are allowed resets to submit your transfersa total of to20 allow transfer 20 new requests transfers each by all calendar approved year methods. 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>> W ith our voice-activated telephone system, you c ontrol the call to get the information you need from any telephone, at any time, simply by speaking. P lease provide your T his user ID and PIN when prompted. will help expedite your call should you need to with a MassMutual customer service s peak representative. T he system will ask you to state the reason for your Simply speak clearly and the system will respond c all. accordingly. D o you prefer receiving your retirement account i nformation in a language other than English? Access t o the Language Line is available in over 140 languages t hrough a Customer Service Representative during normal business hours. <<QuickLink>> QUICK LINK TIP Want quick access to your account? 1. Go to Click Login at the top right of the screen. [3. Click Retirement Access. 3./4.] Log in to view or manage your account. RS2070_ACCESS 714 1

4 (This page intentionally left blank) 2

5 3

6 4

7 5

8 (This page intentionally left blank) 6

9 Í Î»¼«½ ±² ß¹»»³»² ²¼ ݱ² ¾«±² Ý ²¹» Ú± ³ Ó Ó««Î»»³»² Í» ª ½» ÐÑ Þ± ïëèíô Ø º± ¼ô ÝÌ ðêïììóïëèí Ú Ò«³¾» æ èééóëîêóîëíï ± èððóêéèóèêìë Ù ±«Ò«³¾» æ ïëðïìç Û³ ±» æ Ó±² ¹±³» ݱ«² ˲ ±² Û³ ±»» ÜÝÐ Ð ² Ò ³»æ ͱ½ Í»½«Ò«³¾» æ Ü» ³»² ñ Ô±½ ±²æ Ð ½ ² Ò ³»æ øô ô Ú ô Óò ò Ò ³» Ý ²¹»á л» ±ª ¼» ¼±½«³»² ±² Ó ²¹ ß¼¼» æ Ò» á Ý æ Í»æ Æ æ ر³» Ð ±²»æ ɱ µ Ð ±²»æ Û æ ßò ÝÑÒÌÎ ÞËÌ ÑÒ ÝØßÒÙÛó ÞÛÚÑÎÛóÌßÈ ÝÑÒÌÎ ÞËÌ ÑÒÍ ²½»» Û³ ±»» ü ̱ ß²²«Ý±² ¾«±² Ûºº»½ ª» Ü» Ü»½»» λ «³» Ú ±³ ü Ͳ¼ ̱ ü ³ «²¹» ²ù ¹» ëðõ ½ ½ 󫱪 ±²ò ø籫³«¾» ¹» ëð ± ± ¼» ¾»»²¼ ±º» ½»²¼» ² ½ ¼»º»»»½ ±²»ºº»½ ª»ò Ì ±ª ±² ±² ª ¾»»»» ² ±² ±»¼ ¾ ¹±ª» ²³»²»³ ±» ò Ú ÇÑË ßÎÛ ËÌ Ô Æ ÒÙ ÌØÛ ÐÎÛóÎÛÌ ÎÛÓÛÒÌ ÝßÌÝØóËÐ ÐÎÑÊ Í ÑÒ ÐÔÛßÍÛ ÝÑÓÐÔÛÌÛ ß ÐÎÛóÎÛÌ ÎÛÓÛÒÌ ÝßÌÝØóËÐ ÒÑÌ Ú ÝßÌ ÑÒ ßÒÜ ÍËÞÓ Ì Ì ÌÑ ÓßÍÍÓËÌËßÔò Þò ÎÑÌØ ó ßÚÌÛÎóÌßÈ ÝÑÒÌÎ ÞËÌ ÑÒÍ Ñ² ½±³»»»½ ±² º ±«½±² ½ ²½ «¼» α ½±² ¾«±² º» ò ²½»» Û³ ±»» ü ̱ ß²²«Ý±² ¾«±² Ûºº»½ ª» Ü» Ü»½»» λ «³» Ú ±³ ü Ͳ¼ ̱ ü Þ»»½«±² ±º ¼±½«³»² ô» Û³ ±»» «±» ² Þ»º±»óÌ Ý±² ¾«±² ± α ߺ» óì ݱ² ¾«±² ²¼ ½»¼ ¾±ª» ¾» ³ ¼» ¾»¼«½ ²¹» Û³ ±»» ò Ì ¹»»³»² ½±² ² ± ¾» ²»ºº»½ ±²»»³ ± ³»²» Û³ ±» ½±² ² ± «²»»¼ ² ½½± ¼ ²½» ± ±«² ±ª ±² ò ÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁ Û³ ±»» Í ¹² ÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁÁ Ü» Í«¾³ ݱ² ¾«±² Ý ²¹» Ú± ³ ± Ó Ó««Î»»³»² Í» ª ½» ÐòÑò Þ± ïëèí Ø º± ¼ô ÝÌ ðêïììóïëèí Ú Ò±ò èééóëîêóîëíï ± èððóêéèóèêìë MassMutual Retirement Services (MMRS) is a division of Massachusetts Mutual life Insurance Company (MassMutual) and its affiliated companies and sales representatives. ÙÐÎÑÝÛÍÍ óâíßôîûüßùîó λª ïðòîðïí 7 ³½½±² ò ¼º

10 (This page intentionally left blank) 8

11 лóλ»³»² Ý ½ ó«ò± º ½ ±² ó ìëéø¾ Ó ß¼¼» æ Ó Ó««Î»»³»² Í» ª ½» ÐÑ Þ± ïëèí Ø º± ¼ô ÝÌ ðêïììóïëèí Ѫ» ² ¹ Ó ß¼¼» æ Ó Ó««Î»»³»² Í» ª ½» ï Ù ºº ² α ¼ Ò± É ²¼ ± ô ÝÌ ðêðçëóïëïî Ú ±æ èééóëîêóîëíï ± èððóêéèóèêìë Ù ±«Ò«³¾» æ Ð ½ ² Ò«³¾» æ ͱ½ Í»½«Ò«³¾» æ Û³ ±» æ Ü» ³»² ñô±½ ±² Ð ²æ Ð ½ ² Ò ³»æ øô ô Ú ô Óò ò Ò ³» Ý ²¹»á л» ±ª ¼» ¼±½«³»² ±² Ó ²¹ ß¼¼» æ Û³ æ Ò» á Ý æ Í»æ Æ æ ر³» Ð ±²»æ ɱ µ Ð ±²»æ Û æ ßò ÐÎÛóÎÛÌ ÎÛÓÛÒÌ ÝßÌÝØóËÐ ÒÑÌ Ú ÝßÌ ÑÒ Ò± ³ λ»³»² ß¹» ø ¼»º ²»¼ ²» Ð ² ¼±½«³»² æ ÁÁÁÁÁÁÁÁÁ Ì»» ½±²»½«ª»» лóλ»³»² Ý ½ ó«ð» ±¼æ ÁÁÁÁÁÁÁÁÁÁÁô ÁÁÁÁÁÁÁÁÁÁÁô ÁÁÁÁÁÁÁÁÁÁÁ ø»²¼ ½»²¼»»½»¼ ²¹ ½»²¼» ² ½ ±«² Ò± ³ λ»³»² ß¹»ò ̱ лóλ»³»² Ý ½ óë ß³±«² æ üáááááááááááááááááááò ² ½½± ¼ ²½»»» ³ ±º» Ð ² ²¼ ³ Û³ ±» ù» ¾»¼ ± ½» ²¼ ±½»¼ ô ³ ²± ³»»³»² ¹»»¼ ¾±ª»ò Ú±» лóλ»³»² Ý ½ óë л ±¼»¼ ¾±ª»ô ³» ¹ ¾» ± ¼»º» ¼¼ ±² ³±«² ² ½½± ¼ ²½» ²¼ «¾»½ ±»»ó»»³»² ½ ½ ó«» º± ²» Ð ² ²¼ ²» ² 못² ݱ¼» Í»½ ±² ìëéø¾ øí ò ² ½½± ¼ ²½» ô ¼«²¹» ±¼ô ³» ¹ ¾» ± ¼»º» ô ² ± ô»»» ±º» ³±«²»¼ ¾±ª» ±» ³ ³ ±»¼ «²¼» ²» ² 못² ݱ¼» Í»½ ±² ìëéø¾ øí ò Ì» ³±«²»¼ ¾±ª»»»»²» ³±«² ±º»ª ±««²¼» ¼ ³ ±² ¼»» ³ ²»¼ «²¼»» Ð ²ò Û³ ±»» Í ¹² Ü» Þò ÛÓÐÔÑÇÛÎ Í ÙÒßÌËÎÛ É»» «²¼» ¹²»¼ «²¼» ²¼ ²¼ ¹»»» Ð ½ ²» ¹ ¾» ± ³ µ» ¼»º» ±» Ð ² ²» ½» ±º» ²¼ ¼ ³ ³ ±»¼ «²¼» ²» ² 못² ݱ¼» Í»½ ±² ìëéø¾ øî øß «±» ³ ³ ±»¼ ¾ Í»½ ±² ìëéø¾ øí º±» лó λ»³»² Ý ½ óë л ±¼» º± ¾±ª»ò Û³ ±» Ü» ² «½ ±² æ ïò Í«¾³» ½±³»»¼ Ò± º ½ ±² ± Ó Ó« ¼¼» ¾±ª»ò îò Ð ±ª ¼» ½± ± ±«Û³ ±» ²¼ ½±³»» ¼»º» ¹»»³»² ò íò Õ»» ½± º± ±½± ¼ ò Ó Ó««Î»»³»² Í» ª ½» øóóîí ¼ ª ±² ±º Ó ½ Ó««Ô º» ² «²½» ݱ³ ² øó Ó««²¼ ºº»¼ ½±³ ²» ²¼»»»»² ª» ò Ú± ³ ØÊÔóìêîóí λªò ïîòïí ¹» ï ±º ï ½ «¼½ ñ½ «¼½ ò ¼º 9

12 (This page intentionally left blank) 10

13 Rollover In/Plan-to-Plan Account Transfer In Form 457(b) 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. Section A - Plan Information Group No. Section B - Participant Information SSN Participant Name Plan Name Montgomery County Union Employees DCP Date of Birth Questions? Call MassMutual s Customer Service Center Fax or Online govnp * Legal Address City State Zip Code Daytime Phone No Financial Advisor's Name *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. Section C - Type of Request Financial Advisor's Phone No Financial Advisor's Select one option: A ROLLOVER is funds moved from either a Previous employer's 403(b), 401 or 457(b) plan, OR Individual Retirement Account Section D - Payment Information A PLAN-TO-PLAN TRANSFER is funds moved from: Previous employer's 457(b) plan By checking this box, if you are moving funds from a 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. For payments made by check, make check payable to: The Hartford FBO Employee Name Social Security No. Mail check and this form to: Regular Mail: MassMutual Retirement Services Overnight Mail: MassMutual Retirement Services P.O. Box Griffin Road North Hartford, CT Windsor, CT For payments made by ACH or Wire, forward to: Include the following information: Mellon Bank Credit Hartford Life - RPSC Three Mellon Bank Center FBO: Employee Name Pittsburgh, PA Money Transfer Dept. Social Security No. ABA Employer Name Account No Hartford Group No. GPROCESS/ GROLOVERIN HVL HLI Rev Page 1 of 2 mcplan.pdf 11

14 Section E - Rollover/Transfer Request ROLLOVER: I request that all amounts OR $ be liquidated from the retirement program indicated below and be 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: 401 qualified plan (including 401(k) or 403(a) qualified annuity plans) 408 IRA including simplified employee pension and simple retirement accounts Governmental 457(b) eligible deferred compensation plan sponsored by a governmental employer 403(b) tax sheltered plan I certify that, to the best of my knowledge: (1) the distribution from the plan noted above is eligible for rollover, (2) the entire amount of the rollover contribution is coming from an eligible retirement plan that is intended to be a plan that meets the requirements of the Code section identified above and (3) the plan is being operated in accordance with that Code section. Additionally, if I am sending the rollover contribution directly to MassMutual, I certify that I received the distribution not more than 60 days before the date of the rollover contribution or that I received a waiver of the 60 day requirement from the IRS. (Please provide a copy of the IRS waiver.) 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. Special Instructions: Participant Signature Date 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 OR $ from a Code Section 457(b) eligible deferred compensation plan. Transfer From: Provider Account Number Address Phone Number Former Employer's Authorized Plan Administrator s Signature Date I certify that I am entitled to make a plan-to-plan transfer from my former employer's plan and that to the best of my knowledge, the former plan is an eligible deferred compensation plan as described at Code section 457(b) and is being operated in accordance with that Code section. 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. Special Instructions: Participant Signature Section F - Important Information Date 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. Contracts issued by Hartford Life Insurance Company. Contracts are administered by Massachusetts Mutual Life Insurance Company. 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 and select the "My Profile" tab at the top of the screen. HVL HLI Rev Page 12 2 of 2 mcplan.pdf

15 M ontgomery County Union offers a 457 deferred compensation p lan. T he following is a brief overview of important features of your workplace retirement plan. For more information call your Participant Service Center at or contact your benefits administrator. Who is eligible to participate in the plan? You are eligible to participate in the plan immediately upon employment. Participation in the plan will occur i mmediately. How can I contribute? Traditional Before-tax and Roth after-tax contributions Through the convenience of payroll deductions, you can make c ombined before-tax or Roth after-tax c ontributions up to the lesser of $ 18,000 or 100% of includible compensation. Y our before-tax contributions and any earnings will accumulate tax deferred until withdrawn (generally at retirement), at which time w ithdrawals will be taxed as ordinary income. R oth contributions will be included as taxable income in the y ear of contribution. Earnings on Roth contributions will accumulate tax free, and retirement withdrawals may be exempt from federal income tax if certain requirements are met. Catch-up contributions I f you are 50 years of age or older during the calendar year, you may be able to contribute up to an additional $ 6,000 in 2015 into your plan as a catch-up contribution. Your contributions are always 100% vested. Are rollovers accepted? Your plan may allow you to roll additional retirement assets into the plan at any time. A rollover form is available within this booklet. For more information, call your Participant Service Center at , visit w ww.massmutual.com/serve or contact your benefits administrator. Can I change how much I contribute? Y ou may start, stop, increase or decrease your contribution as often as your employer allows. If you stop contributions and start again at a later date, certain restrictions may apply. What are my investment choices? T he contract offers a wide variety of investment options to meet your needs. Y ou can direct your c ontributions into one or more of the available investment options. See the investment section of this booklet for more information. Competing investment option restrictions Y ou have the flexibility to transfer amounts from one investment option to another. The transfer of assets p resently held in the General (Declared Rate) Account, or which were held in the General (Declared Rate) A ccount at any time during the preceding three months, to any account that we determine is a competing investment option, is prohibited. 13

16 Online retirement planning and advisory services Guidance M orningstar Associates provides asset allocation recommendations through their online service. This service i ntegrates investment research, education and asset allocation guidance to give you a comprehensive and p ersonalized approach to investing for retirement from a trusted independent source Morningstar Associates, LLC*. This service can be accessed through your retirement plan website. * Investment a dviser Associates. advisory products and services are provided by Morningstar Associates, LLC, a registered investment and a wholly owned subsidiary of Morningstar, Inc. MassMutual is not affiliated with Morningstar What are the fees and charges associated with this plan? There are costs associated with the underlying i nvestment options offered under MassMutual's program. For a complete listing of these fees and charges, please refer to the Investment Option Fee Schedule in the investment section of this booklet. There may be other administrative fees that apply, all of which are outlined in this booklet. A dditional plan expenses and other expenses including Third Party Administrator fees, if applicable are deducted and paid as directed by your plan administrator. Please contact MassMutual at for questions relating to additional plan expenses that may apply. Can I take money out of my account? Your account assets may generally be withdrawn from your 457 p lan under the following qualifying circumstances: Attainment of age 70½ Retirement Separation from service Unforeseeable emergency ( hardship ) withdrawal (your plan may limit to a portion of your account) Death of participant Withdrawals are subject to the authorization of your employer. H owever, you must begin liquidating your account b alances no later than April 1st of the calendar year following the year in which you attain the age of 70½ or retire ( whichever is later). Distributions of before-tax contributions and any tax-deferred earnings are subject to o rdinary income tax. R oth contributions and earnings can be withdrawn tax-free if the Roth contributions have b een in place for at least five tax years and the withdrawal is made after age 59½ or is due to disability or death. Consult your employer for more details. Withdrawal/surrender charges T here are no withdrawal charges. However, should your employer allow plan assets to be transferred to any a dditional program provider other than MassMutual, this provision may change. Contact your employer or your Participant Service Center for more information. 14

17 It pays to plan for life in retirement. W hat are your retirement goals? How do you plan to achieve them? A large part of retirement is the flexibility to d o what you want when you want, and that kind of flexibility takes planning. Your employer s retirement savings plan can help. It s automatic. C hoosing to save and invest through your workplace retirement plan means that your contribution will come out o f your paycheck before you even see your take-home pay. You ll never have to worry about writing a check, remembering to make a deposit, or spending money you intended to save. It pays to consolidate. I f you have retirement assets from prior plans or IRAs, think about consolidating them into this plan. The process is easy and can help you simplify your retirement planning. To get started, call t o learn what t ypes of contributions your current retirement plan will accept. Our team of Rollover Specialists will be happy to help you with the required paperwork to simplify the roll-in process. Inflation matters. R etirement is expensive enough already factor in inflation, and the costs can be stunning. Just eating in r etirement can cost two people over $200,000 - $5 a meal, 3 meals a day, over 20 years. Adding a modest 3% annual inflation rate, the cost swells to nearly $300,000. H ow you live in retirement may be determined by what you can afford when the time comes. By preparing today, you may have more choices for your life tomorrow. How much should you save? I t depends on how much money you'd like to have in retirement and when you start investing. The earlier you start, the more time your money has to work for you. To help you decide how much to save, check out the Retirement Goal Planner at ask a financial professional for advice. e You may save on taxes immediately. T he contributions you authorize for investment in your plan may be deducted from your gross pay before current f ederal (and, in most cases, state) income taxes are withheld. This is known as before-tax savings. Because this r educes your current taxable income, you ll probably take home more of your pay than if you were investing on an after-tax basis. I n addition to your contributions, any potential earnings in your account are tax-deferred (not taxed until they are withdrawn) as well. Over time, tax-deferred savings may dramatically increase the value of your account. Is the Roth after-tax option right for you? Y our plan offers the opportunity to save for retirement through Roth after-tax contributions. The money that you e arn is taxed before contribution, so withdrawals taken after age 59½ will be tax free (as long as the account has been funded for five years). T he decision to contribute to a Roth account will depend on your personal financial situation. To help you decide if the Roth option is right for you, try the online Roth calculators at e o r seek advice from a financial professional. Learn more. T o access your account information and our online tools, calculators, and resources, go to w ww.massmutual.com/serve. If you have questions and need to talk to a real person, call o r 15

18 starts with a strategy You ve got options. T here is no one-size-fits-all approach to investing. That s why your plan offers multiple strategies for asset management. Y ou can select a target date fund or you can opt to build y our own portfolio by selecting from your plan s individual investment options. OPTION 1 OPTION 2 Select a target date fund. W hat year will you retire? That s all you need t o know to select one of the target date funds. A n all-in one investment portfolio, a target d ate fund is a diversified mix of investment o ptions that takes into consideration the time you have to invest before you retire. I t is diversified across a mix of investment o ptions and automatically rebalanced to help keep the fund s allocation on track. Y ou simply choose the fund that is closest to y our target retirement date. Adjusting over t ime, the allocation of investments becomes m ore conservative as you get closer to your r etirement date. The principal value of the t arget date investment option is not g uaranteed at any time, including the target date. Choose your own investments. Y ou can build your portfolio from any of the i ndividual investment options in the plan. This s trategy is best suited to investors who have t aken the time to study their investment options. Y our retirement plan offers a variety of i nvestment options, covering a range of risk l evels and investment objectives. Some i nvestment options seek an increase in the v alue of shares (growth) while others aim to e arn income (dividends or interest) for i nvestors. B efore making your investment decisions, you m ay want to consult with a financial professional. T he questionnaire on the following pages is designed to help you identify your investing style, which may help you decide which investment option might be right for you. RS2070_GP

19 are you? 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: 40% 42.05% 30% 20% 10% 0% -10% % 35.22% % 29.25% -8.52% 22.32% -5.18% 17.00% -3.19% -20% A B C D E 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 17

20 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 Tally your results by adding the points from questions 1 through 8. Your total 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 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 POINTS POINTS 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. RS2070_ QUIZ

21 : risk-based investment models 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. Asset Classes Aggressive model Bonds: 10% Large-cap: 42% Mid-cap: 12% Small-cap: 10% International/Global: 26% 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 Bonds: 25% Large-cap: 36% Mid-cap: 9% Small-cap: 8% International/Global: 22% 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 Money market/stable value: 6% Bonds: 34% Large-cap: 33% Mid-cap: 6% Small-cap: 5% International/Global: 16% 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 Money market/stable value: 12% Bonds: 48% Large-cap: 24% Mid-cap: 4% Small-cap: 2% International/Global: 10% 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 Money market/stable value: 20% Bonds: 60% Large-cap: 13% Mid-cap: 2% International/Global: 5% 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

22 UndeRstanding YOUR investment OPtiOns. Your plan offers a variety of investments, which are made up of different types of securities, as described below. Money market/stable value investments these short-term investments are designed to provide a steady rate of return, greater investment stability, and a relatively lower level of risk. although the portfolio seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money in a stable value investment, and the yield will fluctuate with changes in market conditions. Over time, these investments have provided lower returns than stock or bond funds. investments in a money market account are not insured or guaranteed by the Federal deposit insurance Corporation or any other government agency. Bonds bonds represent loans investors make to corporations, governments or agencies, and are designed to provide stability, income, and some appreciation in value. if held to maturity, bonds offer a fixed rate of return and a fixed principal value. bonds generally offer a potentially higher return than money market/stable value investments and a lower return than stocks. the value of bonds usually fluctuates less than stocks. However, corporate bonds, U.s. treasury bills, and government bonds will fluctuate in value, and the return of principal is not guaranteed if sold before maturity. Stocks stocks represent part ownership in a business and are meant to provide long-term growth by increasing in value. some stocks also provide dividend income. Historically, stocks have outperformed other types of investments over the long term. However, stocks fluctuate in value more than money market/stable value investments or bonds, and when sold may be worth more or less than their original cost. keep in mind that you can t predict future results based on how the market performed in the past. Balanced investments balanced investments consider the risk and return potential of each asset class and invest a percentage of assets in both stocks and bonds, along with a small amount in stable value investments for liquidity. 20 International stocks investments in stocks issued by foreign businesses provide investors with potential long-term growth of capital while helping to diversify their portfolios. Foreign stocks may offer greater returns than U.s. investments but also involve higher risks relating to interest and currency exchange rates, securities regulation, and taxes, as well as unstable economic or political conditions. international stocks fluctuate in value and may be worth more or less than their original cost. global investments have assets in both foreign and U.s. stocks. large-cap* stocks Large-cap stocks are shares in large, financially established blue chip companies with a market cap of over $10 billion. the goal of these investments is the long-term growth of capital. Risk and return are typically moderate to high. Mid-cap* stocks these shares in companies in the $2 billion to $10 billion market cap range seek long-term growth. since mid-cap stocks may fluctuate more widely than the more stable large-cap stocks, there is a potential for greater long-term growth as well as higher risk. Small-cap* stocks small-cap stocks represent companies with a market cap of $300 million to $2 billion. Over long periods of time, small-cap stocks have had higher returns than large-cap stocks, which makes them attractive to aggressive investors. at the same time, they are much more volatile and have higher short-term risk. Specialty stocks specialty investments are concentrated in a specific area 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 and higher potential for return than more diversified investments. all investments possess some element of risk, including possible loss of principal. Past performance is no guarantee of future results. *the term cap is short for market capitalization, which is calculated by multiplying the price of a stock by the number of outstanding shares. generally speaking, this represents the market s estimate of a company s value.

23 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 SPECTRUM For illustrative purposes only; please consult an investment profile or prospectus for detailed risk/return information. HIGHER RETURN/HIGHER RISK 1 Specialty International/Global 2 3 Small-cap Mid-cap 4 Vanguard REIT Index ADMIRAL American Funds EuroPacific Growth R5 American Funds New Perspective R4 Oppenheimer Developing Markets Y American Century Small Cap Value INV Baron Small Cap Royce Pennsylvania Mutual SRVC Vanguard Small-Cap Index Admiral Hartford Midcap R4 Perkins MidCap Value T Vanguard Mid-Cap Index Admiral L arge-cap American Funds The Growth Fund of America R5 Fidelity Contrafund I Hartford Capital Appreciation HLS IA Hartford Dividend and Growth HLS IA Neuberger Berman Socially Responsive Trust Vanguard 500 Index Admiral A sset allocation/balanced* T. Rowe Price Retirement 2020 Inv T. Rowe Price Retirement 2030 Inv T. Rowe Price Retirement 2040 Inv T. Rowe Price Retirement 2050 Inv T. Rowe Price Retirement Balanced Inv 5 Bonds 6 Money market/stable value American Century Inflation Adjusted Bond INV Dodge & Cox Income MFS Government Securities R3 Putnam High Yield Advantage Y Invesco Stable Value Trust X LOWER RETURN/LOWER RISK RS2070_RISKRET

24 1 The fund s investments are concentrated in a specific industry or sector, and are subject to greater risk than traditional diversified equity funds. 2 I nvesting in foreign issuers and non-dollar securities may involve different and additional risks associated with foreign currencies, investment 3 4 disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war, or expropriation. Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatility. Mid-cap stocks generally have higher risk characteristics than large-company stocks. 5 S ecurities rated BB and below are 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. 6 M oney market funds are not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. Although the f und seeks to preserve the value of your investment at $1.00 per share (unit), it is possible to lose money investing it in the fund. If a money market f und is pending liquidation under the U.S. Treasury Department s Guarantee Program, there may be a period of time in which assets cannot be invested or redeemed. * Does not include asset allocation models, if available in your plan. 22

25 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 T HE PERFORMANCE DATA SHOWN REPRESENTS PAST PERFORMANCE AND IS NO GUARANTEE OF FUTURE RESULTS. T he investment retur n a nd principal value of an investment may fluctuate so that when shares/units are redeemed they may be worth more or less than their original cost. Current p erformance may vary from the performance data quoted. For performance data current to the most recent month-end, visit our website a t w ww.massmutual.com/serve. T he following table i s intended to provide you with information regarding the investment options in your Plan, including information regarding investmen t p erformance history, fees and expenses, and any investment restrictions applicable as of the date of this material. For your Plan s variable return investment options, we have additionally provided benchmark information against which each investment option s performance can be compared. F ees and expenses are among many factors to consider when you decide to invest in an option. You may also want to think about whether an investment in a particular option, along with your other investments, fits with your personal circumstances and will help you achieve your investment goals. T he cumulative effect of fees and expenses can substantially reduce the growth of your retirement plan account. Visit the Department of Labor s Web site for an example showing the long-term effect of fees and expenses at W ith respect to mutual fund investment options, the gross annual underlying expense ratio is presented as the total annual fund or class operating expenses, before w aivers and disbursements, that have been paid by the fund and stated as a percent of the fund's total net assets. The net annual underlying expense ratio is p resented as the annual fund or class operating expenses, less any expense waivers and disbursements that have been paid by the fund and stated as a percent of he fund's total net assets. With respect to investment options that are not mutual funds, these expense ratios are intended to present similar information, but may h ave been calculated using methodologies that differ from those used for mutual fund investment options. U nderlying Fund Expense Ratios presented here do no t eflect the effect of the Program and Administration Charge (sometimes referred to as a separate account charge, or a mortality, expense risk and administrative c harge ) applicable to your Plan's contract. 2 A Program and Administrative Charge may be deducted from the returns on the investment options in the Plan, assessed against participant accounts on a q uarterly basis or paid directly by the plan sponsor to cover certain administrative services under the Plan's contract. For further information, please refer to "The P lan's Administrative Fees and Expenses." If Plan Administrative fees are charged to your account balance, the actual dollar amount will be reported to you in the c alendar quarter following the quarter in which the charge occurs. Please refer to your quarterly account statement for information on any fees actually charged to y our account. 3 I f a Program and Administrative Charge is deducted on the investment options, the Total Gross Annual Expense Ratio is intended to reflect the effect of th e P rogram and Administrative Charge applicable under your Plan's contract by adding the charge to the Gross Annual Underlying Fund Expense Ratio for each a pplicable investment option. The Total Net Annual Expense Ratio is intended to reflect the effect of the Program and Administrative Charge applicable under your P lan's contract by adding the charge to the Net Annual Underlying Fund Expense Ratio for each applicable investment option. 4 A verage annual returns are calculated as a steady compounded rate of return over the period of time indicated. Returns are historical and include change in shar e value and reinvestment of dividends and capital gains, if any. 1 t r 23

26 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 I f a Program and Administrative Charge is deducted on the investment options, these performance data reflect the deduction of the Program and Administrative C harge applicable to your Plan's Contract, but do not reflect the possible imposition of any redemption fees or charges associated with any withdrawal benefits that m ay be available through your Plan. Your plan sponsor may elect to have the Program and Administrative Charge deducted from your plan's contract values on a q uarterly basis or may elect to pay the Program and Administrative Charge directly. In either of these cases, these performance data do not reflect the deduction of t he Program and Administrative Charge applicable to your Plan's contract. 6 S ince inception return is used for funds fewer than 10 years old. The performance returns reflected in this chart are calculated to the inception date of the initia l c lass of the fund. The performance returns reflected in this chart with respect to each benchmark investment are calculated to the inception date of the fund share c lass to which it is being compared. 8 A ny fees described in this section are fees paid directly from your investment in this option (e.g. redemption fees, exchange fees, account fees, purchase fees, transfer or withdrawal fees, or surrender charges). 1 3 I nvestments in foreign securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securitie s regulation, commissions, taxes, political or social instability, war or expropriation. 4 Small company stocks generally have higher risk reward characteristics than large company stocks. 5 Mid Cap stocks generally have higher risk and reward characteristics than large company stocks. 6 Securities rated below investment grade, "BBB", are commonly referred to as "high yield, high risk securities" or "junk bonds." 3 6 S &P is an unmanaged index. Standard & Poor s, S&P, Standard & Poor s 500 and 500 are trademarks of the McGraw-Hill Companies, Inc. and have bee n icensed for use by Hartford Life Insurance Company and its affiliates. This investment option is not sponsored, endorsed, sold or promoted by Standard and Poor s S&P ) and S&P makes no representation regarding the advisability of investing in this investment option. S&P is an unmanaged index not available for direct investing. l ( C ompeting funds may include, but not necessarily be limited to, fixed accounts of annuity contracts or funding agreements, money market funds, short-term bond f unds, short-term lifecycle funds and stable value funds. Non-competing funds are generally equity or stock funds, or bond funds with a duration of more than t hree years. Other types of investment options may also be non-competing. For further information, please contact your Plan sponsor or the Participant Service Center. T here are specific risks associated with certain investment options. For additional details, please refer to the Investment Option Sheets included in this Enrollment Book. nvestments in the Possibilities program are available through group variable funding agreements (HL-20326, 20326NY, HL-16553, 16553NY) issued by Hartford Life Insurance Company (Simsbury, CT). Contracts are administered by Massachusetts Mutual Life Insurance Company. I Performance does not reflect the deduction of any plan charges which may be assessed to plan participants. 5 24

27 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 T he methodology used in the hypothetical performance calculations for the Janus investment options may differ from the methodology used by Janus. Therefore, t he performance returns shown may differ from those provided directly by Janus for the same underlying funds for the same time periods, and may differ significantly at a particular point in time. Janus approves the use of an alternative method that is accepted in the industry to calculate hypothetical performance. T his table shows only the asset-based fees, charges and expenses associated with the investment choices of the g roup variable funding agreemen t. Please refer t o t he product prospectus or disclosure documents, as applicable, for information on other fees and charges that may apply to your plan's contract such as a contingent deferred sales charge, annual maintenance fee, and other fees or charges, if applicable M orningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copie d o r distributed; and (3) arising from any use of is not this warranted to be information. accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses 25

28 Investment Fund Name / Share Class Morningstar Category Applicable Benchmark Fees & Restrictions Option Performance and Applicable Fees Annual Underlying Fund E xpense Ratio G ross Net 1 and Charges For the Period Ending May 31, VARIABLE RETURN INVESTMENT OPTIONS The table below focuses on investment options that do not have a fixed or stated rate of return. T HE PERFORMANCE DATA SHOWN REPRESENTS PAST PERFORMANCE AND IS NO GUARANTEE OF FUTURE RESULTS. The investment return and principal v alue of an investment may fluctuate so that when shares/units are redeemed they may be worth more or less than their original cost. Current performance may v ary from the performance data quoted. F or performance data current to the most recent month-end, visit our website at w ww.massmutual.com/serv e. A pplicable Fees & Charges I nvestment Option Performanc e P rogram and Total Annual 4 Administrative 3 T otal Return A verage Annual Retur n 2 E xpense Ratio C harge G As ross a % Net Per $1000 invested G ross Net 3 Mo. Y TD 1 Yr. 5 Yr. 10 Yr. 5 Since 6 I ncept I 2015 nception Date SPECIALTY Vanguard REIT Index ADMIRAL 0.10% 0.10% 0.00% 0.10% 0.10% $ 1.00 $ % % % % 8.21% N /A 11/12/2001 Real Estate S &P United States REIT TR USD % % 7.94% N /A Fees and Restrictions 8 : N/A INTERNATIONAL/GLOBAL I nvestments in international stocks involve risks associated with interest-rate and currency-exchange-rate changes as well as with market, economic, and political conditions of the c ountries where investments are made. There may be greater returns but also greater risks than with U.S. investments. International stocks fluctuate in value and may be worth more or less than their original cost. American Funds EuroPacific Growth R5 Foreign Large Growth % 0.53% 0.00% 0.53% 0.53% $ 5.30 $ % 9.12% 3.76% % 8.03% N /A 04/16/1984 M SCI ACWI Ex USA Growth NR USD 2.01% 8.90% 6.44% N /A Fees and Restrictions 8 : N/A American Funds New Perspective R4 World Stock % 0.80% 0.00% 0.80% 0.80% $ 8.00 $ % 7.95% 9.07% % 9.20% N /A 03/13/1973 M SCI ACWI NR USD 5.08% % 6.77% N /A Fees and Restrictions 8 : N/A 26

29 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 Fund Name / Share Class Morningstar Category Applicable Benchmark Fees & Restrictions Annual Underlying Fund E xpense Ratio G ross Net 1 A pplicable Fees & Charges I nvestment Option Performanc e P rogram and Total Annual 4 Administrative 3 T otal Return A verage Annual Retur n 2 E xpense Ratio C harge G As ross a % Net Per $1000 invested G ross Net 3 Mo. Y TD 1 Yr. 5 Yr. 10 Yr. 5 Since 6 I ncept I nception Date Oppenheimer Developing Markets Y 1.03% 1.07% 0.00% 1.03% 1.07% $ $ % 0.97% % 6.61% % N /A 11/18/1996 Diversified Emerging Mkts M SCI EM NR USD % 4.08% 7.39% N /A Fees and Restrictions 8 : N/A SMALL-CAP Small-cap stocks generally have higher risk and reward characteristics than large company stocks. American Century Small Cap Value INV Small Value % 1.30% 0.00% 1.30% 1.30% $ $ % 2.93% 8.35% % 9.20% N /A 07/31/1998 R ussell 2000 Value TR USD 5.10% % 7.32% N /A Fees and Restrictions 8 : N/A Baron Small Cap Small Growth % 1.31% 0.00% 1.31% 1.31% $ $ % 4.11% 8.97% % 8.74% N /A 10/01/1997 R ussell 2000 Growth TR USD % % % N /A Fees and Restrictions 8 : N/A Royce Pennsylvania Mutual SRVC Small Growth % 1.26% 0.00% 1.26% 1.26% $ $ % 0.23% 1.26% % 7.89% N /A 10/31/1972 R ussell 2000 Growth TR USD % % 9.68% N /A Fees and Restrictions 8 : N/A 27

30 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 Fund Name / Share Class Morningstar Category Applicable Benchmark Fees & Restrictions Annual Underlying Fund E xpense Ratio G ross Net 1 A pplicable Fees & Charges I nvestment Option Performanc e P rogram and Total Annual 4 Administrative 3 T otal Return A verage Annual Retur n 2 E xpense Ratio C harge G As ross a % Net Per $1000 invested G ross Net 3 Mo. Y TD 1 Yr. 5 Yr. 10 Yr. 5 Since 6 I ncept I nception Date Vanguard Small-Cap Index Admiral Small Blend 14 N /A 0.09% 0.00% 0.00% 0.09% $ 0.00 $ % 5.13% % % 9.96% N /A 11/13/2000 R ussell 2000 TR USD % % 8.73% N /A Fees and Restrictions 8 : N/A MID-CAP Mid-cap stocks generally have higher risk and reward characteristics than large company stocks. Hartford Midcap R4 1.16% 1.16% 0.00% 1.16% 1.16% $ $ % 6.42% % % % N /A 12/31/1997 Mid-Cap Growth R ussell Mid Cap Growth TR USD % % % N /A Fees and Restrictions 8 : N/A Perkins MidCap Value T Mid-Cap Value % 0.74% 0.00% 0.74% 0.74% $ 7.40 $ % 0.60% 5.67% % 8.18% N /A 08/12/1998 R ussell Mid Cap Value TR USD % % 9.52% N /A Fees and Restrictions 8 : N/A Vanguard Mid-Cap Index Admiral Mid-Cap Blend % 0.09% 0.00% 0.09% 0.09% $ 0.90 $ % 4.95% % % 9.88% % 11/12/2001 R ussell Mid Cap TR USD % % 9.92% N /A Fees and Restrictions 8 : N/A 28

31 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 Fund Name / Share Class Morningstar Category Applicable Benchmark Fees & Restrictions Annual Underlying Fund E xpense Ratio G ross Net 1 A pplicable Fees & Charges I nvestment Option Performanc e P rogram and Total Annual 4 Administrative 3 T otal Return A verage Annual Retur n 2 E xpense Ratio C harge G As ross a % Net Per $1000 invested G ross Net 3 Mo. Y TD 1 Yr. 5 Yr. 10 Yr. 5 Since 6 I ncept I nception Date LARGE-CAP Stocks fluctuate in value and are subject to more risk than bonds or money market investments. Shares, when redeemed, may be worth more or less than their original cost. A merican Funds The Growth Fund of 0.38% 0.38% 0.00% 0.38% 0.38% $ 3.80 $ % 6.66% % % 9.05% N /A 12/01/1973 America R5 Large Growth R ussell 1000 Growth TR USD % % 9.26% N /A Fees and Restrictions 8 : N/A Fidelity Contrafund I 0.64% 0.64% 0.00% 0.64% 0.64% $ 6.40 $ % 5.40% % % % N /A 05/17/1967 Large Growth R ussell 1000 Growth TR USD % % 9.26% N /A Fees and Restrictions 8 : N/A Hartford Capital Appreciation HLS IA 0.67% 0.67% 0.00% 0.67% 0.67% $ 6.70 $ % 6.36% % % 9.55% N /A 04/02/1984 Large Blend R ussell 1000 TR USD % % 8.38% N /A Fees and Restrictions 8 : N/A Hartford Dividend and Growth HLS IA 0.67% 0.67% 0.00% 0.67% 0.67% $ 6.70 $ % 2.42% 9.46% % 8.88% N /A 03/08/1994 Large Value R ussell 1000 Value TR USD 9.03% % 7.38% N /A Fees and Restrictions 8 : N/A 29

32 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 Fund Name / Share Class Morningstar Category Applicable Benchmark Fees & Restrictions Annual Underlying Fund E xpense Ratio G ross Net 1 A pplicable Fees & Charges I nvestment Option Performanc e P rogram and Total Annual 4 Administrative 3 T otal Return A verage Annual Retur n 2 E xpense Ratio C harge G As ross a % Net Per $1000 invested G ross Net 3 Mo. Y TD 1 Yr. 5 Yr. 10 Yr. 5 Since 6 I ncept I nception Date N euberger Berman Socially Responsive 1.03% 1.03% 0.00% 1.03% 1.03% $ $ % 2.44% % % 8.14% N /A 03/16/1994 Trust Large Growth R ussell 1000 Growth TR USD % % 9.26% N /A Fees and Restrictions 8 : N/A Vanguard 500 Index Admiral Large Blend % 0.05% 0.00% 0.05% 0.05% $ 0.50 $ % 3.21% % % 8.11% N /A 11/13/2000 R ussell 1000 TR USD % % 8.38% N /A Fees and Restrictions 8 : N/A ASSET ALLOCATION/BALANCED Asset Allocation doesn t ensure a profit or protect against loss. T. Rowe Price Retirement 2020 Inv 0.67% 0.67% 0.00% 0.67% 0.67% $ 6.70 $ % 4.25% 5.81% % 7.20% % 09/30/2002 Target Date M orningstar Lifetime Moderate % % 7.19% N /A Fees and Restrictions 8 : N/A T. Rowe Price Retirement 2030 Inv 0.73% 0.73% 0.00% 0.73% 0.73% $ 7.30 $ % 5.21% 7.26% % 7.77% % 09/30/2002 Target Date M orningstar Lifetime Moderate % % 7.76% N /A Fees and Restrictions 8 : N/A 30

33 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 Fund Name / Share Class Morningstar Category Applicable Benchmark Fees & Restrictions Annual Underlying Fund E xpense Ratio G ross Net 1 A pplicable Fees & Charges I nvestment Option Performanc e P rogram and Total Annual 4 Administrative 3 T otal Return A verage Annual Retur n 2 E xpense Ratio C harge G As ross a % Net Per $1000 invested G ross Net 3 Mo. Y TD 1 Yr. 5 Yr. 10 Yr. 5 Since 6 I ncept I nception Date T. Rowe Price Retirement 2040 Inv 0.76% 0.76% 0.00% 0.76% 0.76% $ 7.60 $ % 5.85% 8.15% % 8.03% % 09/30/2002 Target Date M orningstar Lifetime Moderate % % 8.07% N /A Fees and Restrictions 8 : N/A T. Rowe Price Retirement 2050 Inv 0.76% 0.76% 0.00% 0.76% 0.76% $ 7.60 $ % 5.82% 8.15% % N /A 7.69% 12/29/2006 Target Date M orningstar Lifetime Moderate % % N /A 6.03% Fees and Restrictions 8 : N/A T. Rowe Price Retirement Balanced Inv 0.57% 0.57% 0.00% 0.57% 0.57% $ 5.70 $ % 2.65% 3.00% 7.36% 5.73% 7.56% 09/30/2002 Conservative Allocation M orningstar Moderately Cons Target Risk 2.22% 7.34% 5.84% N /A Fees and Restrictions 8 : N/A BONDS Corporate bonds, U.S. Treasury bills and U.S. government bonds will fluctuate in value, and the return of principal is not guaranteed if sold before maturity. A merican Century Inflation Adjusted 0.47% 0.47% 0.00% 0.47% 0.47% $ 4.70 $ % 0.86% % 3.14% 3.84% N /A 02/10/1997 Bond INV Inflation-Protected Bond B arclays US Treasury US TIPS TR USD % 3.79% 4.28% N /A Fees and Restrictions 8 : N/A 31

34 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 Fund Name / Share Class Morningstar Category Applicable Benchmark Fees & Restrictions Annual Underlying Fund E xpense Ratio G ross Net 1 A pplicable Fees & Charges I nvestment Option Performanc e P rogram and Total Annual 4 Administrative 3 T otal Return A verage Annual Retur n 2 E xpense Ratio C harge G As ross a % Net Per $1000 invested G ross Net 3 Mo. Y TD 1 Yr. 5 Yr. 10 Yr. 5 Since 6 I ncept I nception Date Dodge & Cox Income N /A N /A 0.00% 0.00% 0.00% $ 0.00 $ % 1.08% 2.26% 4.78% 5.28% 5.18% 01/03/1989 Intermediate-Term Bond B arclays US Agg Bond TR USD 3.03% 3.90% 4.61% N /A Fees and Restrictions 8 : N/A MFS Government Securities R3 0.88% 0.88% 0.00% 0.88% 0.88% $ 8.80 $ % 0.68% 2.28% 2.49% 3.91% N /A 07/25/1984 Intermediate Government B arclays US Government TR USD 3.01% 3.16% 4.14% N /A Fees and Restrictions 8 : N/A Putnam High Yield Advantage Y High Yield Bond % 0.78% 0.00% 0.78% 0.78% $ 7.80 $ % 4.20% 2.03% 8.62% 7.77% N /A 03/25/1986 B ofaml US HY Master II TR USD 1.84% 9.03% 8.12% N /A Fees and Restrictions 8 : N/A 32

35 Investment Option Performance and Applicable Fees and Charges For the Period Ending May 31, 2015 Fund Name / Share Class Morningstar Category Applicable Benchmark Fees & Restrictions Annual Underlying Fund E xpense Ratio G ross Net 1 A pplicable Fees & Charges I nvestment Option Performanc e P rogram and Total Annual 4 Administrative 3 T otal Return A verage Annual Retur n 2 E xpense Ratio C harge G As ross a % Net Per $1000 invested G ross Net 3 Mo. Y TD 1 Yr. 5 Yr. 10 Yr. 5 Since 6 I ncept I nception Date MONEY MARKET/STABLE VALUE M oney market investments are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although these investments seek to p reserve their value at $1.00 per share, it is possible to lose money by investing in them. If a money market investment is pending liquidation under the U.S. Treasury Department's Guarantee Program, there may be a period of time in which assets cannot be invested or redeemed. Invesco Stable Value Trust X 0.43% 0.46% 0.00% 0.43% 0.46% $ 4.30 $ % 0.60% 1.31% N /A N /A 1.52% 03/30/1988 Stable Value N /A N / A N /A N /A N /A Fees and Restrictions 8 : C ompeting funds: C ompeting funds may include, but not necessarily be limited to, fixed accounts of annuity contracts or funding agreements, money market funds, short-term bon d unds, short-term lifecycle funds and stable value funds. Non-competing funds are generally equity or stock funds, or bond funds with a duration of more than three years. Other types of investment options may also be non-competing. For further information, please contact your Plan sponsor or the Participant Service Center. f 33

36 Ve Sample AllianceBernstein Investment Discovery Option Growth Investment Option Publication Date 1Q 2013 VRU Code: 763 Morningstar Category Mid-Cap Growth Morningstar Style Box 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. _Risk/Return Spectrum Large Mid Small Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap Mid-cap investing generally have higher risk and return characteristics than large-company stocks. International/ Global Specialty Value Blend Growth As of 12/31/2012 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Cadence Design Systems, Inc Ulta Salon Cosmetics & Fragrances, Inc Panera Bread Company, Inc. Class A CoStar Group, Inc UitdR tl I 176 _Volatility Profile _Strategy 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. 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 stocks broadly diversified by sector. _Portfolio Statistics As of 12/31/2012 Inception Date: 7/7/1938 Net Assets ($ in millions): $ Investment Advisor: Portfolio Manager: AllianceBernstein LP Team Managed RS

37 Ve American Century Inflation Adjusted Bond Investment Option Publication Date 2Q 2015 VRU Code: 605 Morningstar Category Inflation-Protected Bond As of 12/31/2014 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings US Treasury TIP US Treasury TIP 0.125% US Treasury TIP US Treasury TIP US Treasury TIP 2% US Treasury TIP 1.25% US Treasury TIP US Treasury TIP US Treasury TIP US Treasury TIP Total 47.31% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty 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. _Volatility Profile _Strategy 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. 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. _Portfolio Statistics As of 12/31/2014 Inception Date: 2/10/1997 Net Assets ($ in millions): $3, Number of Bond Holdings: 163 Investment Advisor: Portfolio Manager: American Century Inv Mgt, Inc. Robert V. Gahagan Seth Plunkett 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

38 Ve American Century Small Cap Value Investment Option Publication Date 2Q 2015 VRU Code: 483 Morningstar Category Small Value Morningstar Style Box Value Blend Growth Large Mid Small As of 12/31/2014 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Berry Plastics Group Inc BankUnited Inc Entravision Communications Corp Mentor Graphics Corp Evertec Inc Haemonetics Corp Multi-Color Corp Home BancShares Inc Tronox Ltd Valley National Bancorp Total 13.33% 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. _Risk/Return Spectrum Stable Value/ Money Market Bonds Asset Allocation Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatility. _Volatility Profile _Strategy 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. 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. _Portfolio Statistics As of 12/31/2014 Inception Date: 7/31/1998 Net Assets ($ in millions): $1, Number of Stock Holdings: 220 Investment Advisor: Portfolio Manager: American Century Inv Mgt, Inc. Benjamin Z. Giele Steve Roth Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

39 Ve American Funds EuroPacific Growth Investment Option Publication Date 2Q 2015 VRU Code: 143 Morningstar Category Foreign Large Growth As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total 99.99% Largest Holdings Novo Nordisk A/S B Bayer AG SOFTBANK Corp Novartis AG Prudential PLC Barclays PLC HDFC Bank Ltd Murata Mfg Co Ltd AIA Group Ltd Nintendo Co Ltd Total 20.89% Diversification United Kingdom Japan France India China Germany Switzerland Denmark Hong Kong Canada Total 70.20% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Investments made outside the United States involve special risks, such as currency fluctuations, political instability, differing securities regulations and periods of illiquidity. _Volatility Profile _Strategy 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. 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. _Portfolio Statistics As of 3/31/2015 Inception Date: 4/16/1984 Net Assets ($ in millions): $132, Number of Bond Holdings: 5 Number of Stock Holdings: 263 Investment Advisor: Portfolio Manager: Capital Research and Management Company Team Managed 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

40 Ve American Funds New Perspective Investment Option Publication Date 2Q 2015 VRU Code: 160 Morningstar Category World Stock As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Novo Nordisk A/S B Amazon.com Inc Regeneron Pharmaceuticals Inc Naspers Ltd Class N Microsoft Corp United Continental Holdings Inc AIA Group Ltd Home Depot Inc Taiwan Semiconductor Manufacturing Co Ltd 1.35 Priceline Group Inc Total 20.00% Diversification United States United Kingdom Japan Switzerland Denmark France Netherlands Germany Hong Kong South Africa Total 83.06% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Investments made outside the United States involve special risks, such as currency fluctuations, political instability, differing securities regulations and periods of illiquidity. _Volatility Profile _Strategy 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. The investment seeks long-term growth of capital; future income is a secondary objective. The fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships by investing in common stocks of companies located around the world. In pursuing its primary investment objective, it invests primarily in common stocks that the investment adviser believes have the potential for growth. In pursuing its secondary objective, the fund invests in common stocks of companies with the potential to pay dividends in the future. _Portfolio Statistics As of 3/31/2015 Inception Date: 3/13/1973 Net Assets ($ in millions): $60, Number of Bond Holdings: 4 Number of Stock Holdings: 218 Investment Advisor: Portfolio Manager: Capital Research and Management Company Team Managed 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

41 Ve American Funds The Growth Fund of America Investment Option Publication Date 2Q 2015 VRU Code: 100 Morningstar Category Large Growth Morningstar Style Box Value Blend Growth Large Mid Small As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total 99.99% Largest Holdings Amazon.com Inc Gilead Sciences Inc UnitedHealth Group Inc Home Depot Inc Google Inc Class C Amgen Inc Avago Technologies Ltd Comcast Corp Class A Google Inc Class A Costco Wholesale Corp Total 20.71% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Investments made outside the United States involve special risks, such as currency fluctuations, political instability, differing securities regulations and periods of illiquidity. _Volatility Profile _Strategy 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. The investment seeks growth of capital. The fund invests primarily in common stocks and seeks to invest in companies that appear to offer superior opportunities for growth of capital. It may invest a portion of its assets in securities of issuers domiciled outside the United States. The investment adviser uses a system of multiple portfolio counselors in managing the fund's assets. Under this approach, the portfolio of the fund is divided into segments managed by individual counselors who decide how their respective segments will be invested. _Portfolio Statistics As of 3/31/2015 Inception Date: 11/30/1973 Net Assets ($ in millions): $147, Number of Bond Holdings: 14 Number of Stock Holdings: 275 Investment Advisor: Portfolio Manager: Capital Research and Management Company Team Managed Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

42 Ve Baron Small Cap Investment Option Publication Date 2Q 2015 VRU Code: 479 Morningstar Category Small Growth Morningstar Style Box Value Blend Growth Large Mid Small As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings SBA Communications Corp TransDigm Group Inc Gartner Inc Class A Berry Plastics Group Inc Acuity Brands Inc Brookdale Senior Living Inc Bright Horizons Family Solutions Inc Waste Connections Inc Ultimate Software Group Inc Fleetcor Technologies, Inc Total 26.52% 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. _Risk/Return Spectrum Stable Value/ Money Market Bonds Asset Allocation Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Small-cap stocks tend to be more volatile, less liquid, and generally have higher risk and return characteristics than large-company stocks. _Volatility Profile _Strategy 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. The investment seeks capital appreciation through investments primarily in securities of small-sized growth companies. The fund invests 80% of its net assets in equity securities in the form of common stock of small-sized growth companies. BAMCO, Inc. ("BAMCO" or the "Adviser") defines small-sized companies as those, at the time of purchase, with market capitalizations up to the largest market cap stock in the Russell 2000 Growth Index at reconstitution, or companies with market capitalizations up to $2.5 billion, whichever is larger. _Portfolio Statistics As of 3/31/2015 Inception Date: 9/30/1997 Net Assets ($ in millions): $5, Number of Stock Holdings: 100 Investment Advisor: Portfolio Manager: BAMCO Inc Clifford Greenberg Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

43 Ve Dodge & Cox Income Investment Option Publication Date 2Q 2015 VRU Code: 1226 Morningstar Category Intermediate-Term Bond As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings US Treasury Note 1.5% US Treasury Note 0.5% US Treasury Note 1.625% US Treasury Note 0.625% US Treasury Note 1.625% US Treasury Note 1.5% Rio Oil Fin Tr 144A 6.25% FNMA 3.5% FHLMC 4.5% Citigroup Cap Xiii Pfd Total 12.38% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global 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. _Volatility Profile _Strategy Specialty 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. The investment seeks a high and stable rate of current income, consistent with long-term preservation of capital. The fund invests in a diversified portfolio of high-quality bonds and other debt securities. Normally, the fund will invest at least 80% of its total assets in the following categories: debt obligations issued or guaranteed by the U.S. government, its agencies or GSEs; investment-grade debt securities; unrated securities if deemed to be of investment-grade quality by Dodge & Cox; and bankers' acceptances, bank certificates of deposit, repurchase agreements, and commercial paper. _Portfolio Statistics As of 3/31/2015 Inception Date: 1/3/1989 Net Assets ($ in millions): $43, Number of Bond Holdings: 918 Investment Advisor: Portfolio Manager: Dodge & Cox Team Managed 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

44 Ve Fidelity Contrafund Investment Option Publication Date 2Q 2015 VRU Code: 95 Morningstar Category Large Growth Morningstar Style Box 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. _Risk/Return Spectrum Large Mid Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Value Blend Growth Small _Volatility Profile As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Berkshire Hathaway Inc Class A Apple Inc Facebook Inc Class A Wells Fargo & Co Biogen Inc Google Inc Class A Google Inc Class C Walt Disney Co Colgate-Palmolive Co UnitedHealth Group Inc Total 29.03% _Strategy 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. The investment seeks capital appreciation. The fund normally invests primarily in common stocks. It invests in securities of companies whose value the advisor believes is not fully recognized by the public. The fund invests in domestic and foreign issuers. It invests in either "growth" stocks or "value" stocks or both. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. _Portfolio Statistics As of 3/31/2015 Inception Date: 5/17/1967 Net Assets ($ in millions): $110, Number of Bond Holdings: 4 Number of Stock Holdings: 319 Investment Advisor: Investment Sub Advisor: Portfolio Manager: Fidelity Management & Research Company Team Managed William Danoff Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

45 Ve Hartford Capital Appreciation HLS Investment Option Publication Date 2Q 2015 VRU Code: 12 Morningstar Category Large Blend Morningstar Style Box Value Blend Growth Large Mid Small As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Bristol-Myers Squibb Company Actavis PLC Apple Inc Merck & Co Inc JPMorgan Chase & Co Google Inc Class C Microsoft Corp Activision Blizzard Inc Intel Corp Facebook Inc Class A Total 16.94% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty 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. _Volatility Profile _Strategy 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. 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. _Portfolio Statistics As of 3/31/2015 Inception Date: 4/2/1984 Net Assets ($ in millions): $7, Number of Stock Holdings: 373 Investment Advisor: Investment Sub Advisor: Portfolio Manager: Hartford Funds Management Company, LLC Wellington Management Company LLP Team Managed Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

46 Ve Hartford Dividend and Growth HLS Investment Option Publication Date 2Q 2015 VRU Code: 29 Morningstar Category Large Value Morningstar Style Box Value Blend Growth Large Mid Small As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Wells Fargo & Co Merck & Co Inc Verizon Communications Inc Microsoft Corp Comcast Corp Class A JPMorgan Chase & Co Chevron Corp CVS Health Corp Exxon Mobil Corporation ACE Ltd Total 26.64% Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total 99.99% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty 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. _Volatility Profile _Strategy 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. The investment seeks a high level of current income consistent with growth of capital. The fund invests primarily in a portfolio of common stocks. Its portfolio is broadly diversified by company and industry. Under normal market and economic conditions, at least 80% of the fund's net assets are invested in dividend paying equity securities. It tends to focus on securities of larger, well-established companies with market capitalizations similar to those of companies in the S&P 500 Index. The fund may invest up to 20% of its net assets in securities of foreign issuers and non-dollar securities. _Portfolio Statistics As of 3/31/2015 Inception Date: 3/9/1994 Net Assets ($ in millions): $3, Number of Stock Holdings: 86 Investment Advisor: Investment Sub Advisor: Portfolio Manager: Hartford Funds Management Company, LLC Wellington Management Company LLP Donald Kilbride Matthew Baker 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

47 Ve Hartford MidCap Investment Option Publication Date 2Q 2015 VRU Code: 215 Morningstar Category Mid-Cap Growth Morningstar Style Box 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. _Risk/Return Spectrum Value Blend Growth Large Mid Small Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty 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. Mid-cap investing generally have higher risk and return characteristics than large-company stocks. As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Genpact Ltd Equifax Inc Robert Half International Inc Advance Auto Parts Inc Vantiv Inc Markel Corporation CarMax Inc Alkermes PLC M&T Bank Corp Lennox International Inc Total 22.41% _Volatility Profile _Strategy 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. The investment seeks long-term growth of capital. The fund seeks its investment objective by investing primarily in stocks selected by the sub-adviser, Wellington Management Company LLP ("Wellington Management"), on the basis of potential for capital appreciation. Under normal circumstances, the fund invests at least 80% of its assets in common stocks of mid-capitalization companies. The fund may invest up to 20% of its net assets in securities of foreign issuers and non-dollar securities. _Portfolio Statistics As of 3/31/2015 Inception Date: 12/31/1997 Net Assets ($ in millions): $4, Number of Stock Holdings: 98 Investment Advisor: Investment Sub Advisor: Portfolio Manager: Hartford Funds Management Company, LLC Wellington Management Company LLP Phillip H. Perelmuter Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total 99.99% 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

48 Ve Invesco Stable Value Trust Investment Option Publication Date 2Q 2015 VRU Code: 854 As of 3/31/2015 Asset Allocation Short Duration Intermediate Core Short Term Total % Mgr Diversification Invesco PIMCO BlackRock Jennison Goldman Sachs Short Term Investments New York Life MetLife Babson Total 99.99% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty An investment in a money market fund is not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share (unit), it is possible to lose money investing in the fund. _Strategy The fund seeks the preservation of principal and interest income reasonably obtained under prevailing market conditions and rates, consistent with seeking to maintain required liquidity. _Portfolio Statistics As of 3/31/2015 Inception Date: 3/30/1988 Net Assets ($ in millions): $6, Investment Advisor: Invesco Institutional (N.A), Inc. Credit Analysis Short Term Investments AAA AA A BAA Total % 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

49 Ve MFS Government Securities Investment Option Publication Date 2Q 2015 VRU Code: 881 Morningstar Category Intermediate Government 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. _Risk/Return Spectrum As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total 99.99% Largest Holdings FNMA US Treasury Note 0.875% US Treasury Bond 4.5% US Treasury Note 3.125% US Treasury Note 1.75% FNMA 4.5% US Treasury Note 1% FHLMC 2.5% US Treasury Note GNMA 3.5% Total 29.47% Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global 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. _Volatility Profile _Strategy Specialty 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. The investment seeks total return with an emphasis on current income, but also considering capital appreciation. The fund normally invests at least 80% of net assets in U.S. government securities. It generally invests substantially all of its assets in investment-grade debt instruments. The fund invests a relatively large percentage of its assets in a single issuer or a small number of issuers. It may invest a relatively large percentage of the fund's assets in a single issuer or a small number of issuers. _Portfolio Statistics As of 3/31/2015 Inception Date: 7/25/1984 Net Assets ($ in millions): $2, Number of Bond Holdings: 381 Investment Advisor: Portfolio Manager: Massachusetts Financial Services Co Geoffrey L. Schechter 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

50 Ve Neuberger Berman Socially Responsive Investment Option Publication Date 2Q 2015 VRU Code: 675 Morningstar Category Large Growth Morningstar Style Box 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. _Risk/Return Spectrum Large Mid Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Value Blend Growth Small _Volatility Profile As of 2/28/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Texas Instruments Inc Newell Rubbermaid Inc American Express Co Danaher Corp Progressive Corp ebay Inc U.S. Bancorp Unilever NV ADR Intuit Inc Becton Dickinson & Co Total 41.07% _Strategy 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. The investment seeks long-term growth of capital by investing primarily in securities of companies that meet the fund's financial criteria and social policy. The fund invests primarily in common stocks of mid- to large-capitalization companies that meet the fund's social policy. It seeks to reduce risk by investing across many different industries. The Portfolio Managers employ a research driven and valuation sensitive approach to stock selection, with a long term perspective. Although the fund invests primarily in domestic stocks, it may also invest in stocks of foreign companies. _Portfolio Statistics As of 2/28/2015 Inception Date: 3/16/1994 Net Assets ($ in millions): $2, Number of Stock Holdings: 35 Investment Advisor: Investment Sub Advisor: Portfolio Manager: Neuberger Berman Management LLC Neuberger Berman LLC Arthur Moretti Ingrid Dyott Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total 99.99% 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

51 Ve Oppenheimer Developing Markets Investment Option Publication Date 2Q 2015 VRU Code: 410 Morningstar Category Diversified Emerging Mkts 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. _Risk/Return Spectrum As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Baidu Inc ADR Housing Development Finance Corp Ltd Infosys Ltd Tencent Holdings Ltd Magnit PJSC Taiwan Semiconductor Manufacturing Co Ltd 2.15 Prada SpA LVMH Moet Hennessy Louis Vuitton SE America Movil SAB de CV ADR OAO Novatek GDR Total 26.84% Diversification China India Mexico Brazil Russia United Kingdom Hong Kong France Taiwan Indonesia Total 73.86% Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global 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. _Volatility Profile _Strategy Specialty 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. 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. _Portfolio Statistics As of 3/31/2015 Inception Date: 11/18/1996 Net Assets ($ in millions): $40, Number of Stock Holdings: 106 Investment Advisor: Investment Sub Advisor: Portfolio Manager: OFI Global Asset Management, Inc. OppenheimerFunds, Inc. Justin Leverenz 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

52 Ve Perkins Mid Cap Value Investment Option Publication Date 2Q 2015 VRU Code: 401 Morningstar Category Mid-Cap Value Morningstar Style Box 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. _Risk/Return Spectrum Large Mid Small Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap Mid-cap investing generally have higher risk and return characteristics than large-company stocks. International/ Global Specialty Value Blend Growth As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings PPL Corp Laboratory Corp of America Hldgs Marsh & McLennan Companies Inc Allstate Corp Fifth Third Bancorp Casey"s General Stores Inc Zimmer Holdings Inc Republic Services Inc Class A Alliant Energy Corp Zions Bancorp Total 20.56% _Volatility Profile _Strategy 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. The investment seeks capital appreciation. The fund primarily invests in the common stocks of mid-sized companies whose stock prices the portfolio managers believe to be undervalued. It invests at least 80% of its net assets in equity securities of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of the Russell Midcap Value Index. This average is updated monthly. The fund may invest, under normal circumstances, up to 20% of its net assets in securities of companies having market capitalizations outside of the aforementioned market capitalization ranges. _Portfolio Statistics As of 3/31/2015 Inception Date: 7/6/2009 Net Assets ($ in millions): $6, Number of Stock Holdings: 89 Investment Advisor: Investment Sub Advisor: Janus Capital Management LLC Perkins Investment Management LLC. Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

53 Ve Putnam High Yield Advantage Investment Option Publication Date 2Q 2015 VRU Code: 59 Morningstar Category High Yield Bond As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Altice Sa 144A 7.75% Royal Bank 1 SFR Ceridian Hcm Hldg 144A 11% Ads Waste Hldgs 8.25% Wideopenwest Fin Llc/Wideop 10.25% Avaya 144A 7% Gmac 144A 8% Sprint 7.875% Manitowoc 5.875% Linn Engy 6.25% Total 5.32% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global 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. _Volatility Profile _Strategy Specialty 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. The investment seeks high current income, and capital appreciation is a secondary consideration. The fund invests mainly in bonds that are obligations of U.S. companies, are below-investment-grade in quality (sometimes referred to as "junk bonds"), and have intermediate- to long-term maturities (three years or longer). The adviser may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. The fund may also invest in other debt instruments, including loans. _Portfolio Statistics As of 3/31/2015 Inception Date: 3/25/1986 Net Assets ($ in millions): $ Number of Bond Holdings: 544 Investment Advisor: Portfolio Manager: Putnam Investment Management, LLC Paul Scanlon Norman Boucher 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

54 Ve Royce Pennsylvania Mutual Investment Option Publication Date 2Q 2015 VRU Code: 748 Morningstar Category Small Growth Morningstar Style Box Value Blend Growth Large Mid Small As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Reliance Steel and Aluminum Ritchie Bros Auctioneers Inc Thor Industries Inc Genesco Inc Buckle, Inc Applied Industrial Technologies Inc Forward Air Corp Heico Corp Seacor Holdings Inc RBC Bearings Inc Total 8.18% 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. _Risk/Return Spectrum Stable Value/ Money Market Bonds Asset Allocation Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatitlity. _Volatility Profile _Strategy 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. The investment seeks long-term growth of capital. The fund invests its assets primarily in the equity securities of small-cap companies with stock market capitalizations up to $2.5 billion that it believes are trading below its estimate of their current worth. Normally, the fund invests at least 65% of its net assets in the equity securities of such small-cap companies. Although the fund normally focuses on the securities of U.S. companies, it may invest up to 25% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries. _Portfolio Statistics As of 3/31/2015 Inception Date: 11/8/2005 Net Assets ($ in millions): $4, Number of Stock Holdings: 365 Investment Advisor: Portfolio Manager: Royce & Associates, LLC Team Managed Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total 99.99% 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

55 Ve T. Rowe Price Retirement 2020 Investment Option Publication Date 2Q 2015 VRU Code: 873 Morningstar Category Target Date As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total 99.99% Largest Holdings T. Rowe Price New Income T. Rowe Price Equity Index T. Rowe Price Growth Stock T. Rowe Price Value T. Rowe Price Intl Gr & Inc T. Rowe Price Inflation Focused Bond T. Rowe Price Overseas Stock T. Rowe Price International Stock Fd T. Rowe Price Emerging Markets Stock T. Rowe Price High-Yield Total 84.72% Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty 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. _Volatility Profile _Strategy 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. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. Its allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2020) included in its name and assumes a retirement age of 65. While the fund is non-diversified, it invests in diversified underlying holdings. _Portfolio Statistics As of 3/31/2015 Inception Date: 9/30/2002 Net Assets ($ in millions): $25, Investment Advisor: Portfolio Manager: T. Rowe Price Associates, Inc. Jerome Clark 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

56 Ve T. Rowe Price Retirement 2030 Investment Option Publication Date 2Q 2015 VRU Code: 874 Morningstar Category Target Date As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings T. Rowe Price Growth Stock T. Rowe Price Value T. Rowe Price New Income T. Rowe Price Equity Index T. Rowe Price Intl Gr & Inc T. Rowe Price Overseas Stock T. Rowe Price International Stock Fd T. Rowe Price Emerging Markets Stock T. Rowe Price Real Assets T. Rowe Price Mid-Cap Value Total 87.15% Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total 99.99% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty 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. _Volatility Profile _Strategy 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. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. Its allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2030) included in its name and assumes a retirement age of 65. While the fund is non-diversified, it invests in diversified underlying holdings. _Portfolio Statistics As of 3/31/2015 Inception Date: 9/30/2002 Net Assets ($ in millions): $24, Investment Advisor: Portfolio Manager: T. Rowe Price Associates, Inc. Jerome Clark 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

57 Ve T. Rowe Price Retirement 2040 Investment Option Publication Date 2Q 2015 VRU Code: 875 Morningstar Category Target Date As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings T. Rowe Price Growth Stock T. Rowe Price Value T. Rowe Price Intl Gr & Inc T. Rowe Price Overseas Stock T. Rowe Price Equity Index T. Rowe Price International Stock Fd T. Rowe Price New Income T. Rowe Price Emerging Markets Stock T. Rowe Price Real Assets T. Rowe Price Mid-Cap Value Total 89.48% Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty 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. _Volatility Profile _Strategy 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. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. Its allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2040) included in its name and assumes a retirement age of 65. While the fund is non-diversified, it invests in diversified underlying holdings. _Portfolio Statistics As of 3/31/2015 Inception Date: 9/30/2002 Net Assets ($ in millions): $16, Investment Advisor: Portfolio Manager: T. Rowe Price Associates, Inc. Jerome Clark 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

58 Ve T. Rowe Price Retirement 2050 Investment Option Publication Date 2Q 2015 VRU Code: 876 Morningstar Category Target Date As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings T. Rowe Price Growth Stock T. Rowe Price Value T. Rowe Price Intl Gr & Inc T. Rowe Price Overseas Stock T. Rowe Price Equity Index T. Rowe Price International Stock Fd T. Rowe Price New Income T. Rowe Price Emerging Markets Stock T. Rowe Price Real Assets T. Rowe Price Mid-Cap Value Total 89.54% Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total 99.99% 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty 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. _Volatility Profile _Strategy 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. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. Its allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2050) included in its name and assumes a retirement age of 65. While the fund is non-diversified, it invests in diversified underlying holdings. _Portfolio Statistics As of 3/31/2015 Inception Date: 12/29/2006 Net Assets ($ in millions): $5, Investment Advisor: Portfolio Manager: T. Rowe Price Associates, Inc. Jerome Clark 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

59 Ve T. Rowe Price Retirement Balanced Investment Option Publication Date 2Q 2015 VRU Code: 877 Morningstar Category Conservative Allocation As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings T. Rowe Price Inflation Focused Bond T. Rowe Price Equity Index T. Rowe Price New Income T. Rowe Price Intl Gr & Inc T. Rowe Price Overseas Stock T. Rowe Price High-Yield T. Rowe Price International Stock Fd T. Rowe Price Emerging Markets Bond T. Rowe Price International Bond T. Rowe Price Emerging Markets Stock Total 93.65% Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty 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. _Volatility Profile _Strategy 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. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. It is intended for retired investors who seek income and relative stability from bonds along with some capital appreciation potential from stocks. The fund's "neutral allocations," which are what T. Rowe Price considers broadly appropriate for investors during their retirement years, are 40% stock funds and 60% bond funds. While the fund is non-diversified, it invests in diversified underlying holdings. _Portfolio Statistics As of 3/31/2015 Inception Date: 9/30/2002 Net Assets ($ in millions): $3, Investment Advisor: Portfolio Manager: T. Rowe Price Associates, Inc. Jerome Clark 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

60 Ve Vanguard 500 Index Investment Option Publication Date 4Q 2014 VRU Code: 469 Morningstar Category Large Blend Morningstar Style Box 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. _Risk/Return Spectrum Large Mid Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Value Blend Growth Small _Volatility Profile As of 6/30/2014 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Apple Inc Exxon Mobil Corporation Microsoft Corp Johnson & Johnson General Electric Co Wells Fargo & Co Chevron Corp JPMorgan Chase & Co Procter & Gamble Co Berkshire Hathaway Inc Class B Total 17.18% _Strategy 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. 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. _Portfolio Statistics As of 6/30/2014 Inception Date: 9/29/2006 Net Assets ($ in millions): $156, Number of Stock Holdings: 504 Investment Advisor: Portfolio Manager: Vanguard Group, Inc. Michael H. Buek Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

61 Ve Vanguard Mid-Cap Index Investment Option Publication Date 2Q 2015 VRU Code: 761 Morningstar Category Mid-Cap Blend Morningstar Style Box 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. _Risk/Return Spectrum Large Mid Small Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap Mid-cap investing generally have higher risk and return characteristics than large-company stocks. International/ Global Specialty Value Blend Growth As of 3/31/2015 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings AmerisourceBergen Corp Boston Scientific Inc Delphi Automotive PLC AvalonBay Communities Inc Cerner Corp Moody"s Corporation Monster Beverage Corp Ross Stores Inc O"Reilly Automotive Inc Chipotle Mexican Grill Inc Class A Total 6.52% _Volatility Profile _Strategy 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. 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 US Mid Cap Index, a broadly diversified index of stocks of mid-size 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. _Portfolio Statistics As of 3/31/2015 Inception Date: 5/21/1998 Net Assets ($ in millions): $64, Number of Stock Holdings: 367 Investment Advisor: Portfolio Manager: Vanguard Group, Inc. Donald Butler Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

62 Ve Vanguard REIT Index Investment Option Publication Date 2Q 2015 VRU Code: 1212 Morningstar Category Asset Allocation As of 3/31/2015 Real Estate Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Simon Property Group Inc Public Storage Health Care REIT, Inc Equity Residential Ventas Inc AvalonBay Communities Inc Prologis Inc Boston Properties Inc HCP Inc Vornado Realty Trust Total 37.96% Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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. _Risk/Return Spectrum Stable Value/ Money Market Bond Asset Allocation/ Balanced Large Cap Mid Cap Small Cap International/ Global Specialty The Fund's investments are concentrated in a specific industry or sector, and are subject to greater risk than traditional diversified equity funds. _Volatility Profile _Strategy 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. The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI U.S. REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the 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. _Portfolio Statistics As of 3/31/2015 Inception Date: 11/12/2001 Net Assets ($ in millions): $51, Number of Stock Holdings: 140 Investment Advisor: Portfolio Manager: Vanguard Group, Inc. Gerard OReilly 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

63 Ve Vanguard Small-Cap Index Investment Option Publication Date 4Q 2014 VRU Code: 760 Morningstar Category Small Blend Morningstar Style Box Value Blend Growth Large Mid Small As of 6/30/2014 Asset Allocation Stock Foreign Stock Bond Foreign Bond Preferred Convertible Cash Other Total % Largest Holdings Hillshire Brands Co Salix Pharmaceuticals Ltd Foot Locker Inc Arthur J Gallagher & Co Harman International Industries Inc Alkermes PLC Gannett Co Inc Packaging Corp of America Rite Aid Corp Snap-on Inc Total 2.56% 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. _Risk/Return Spectrum Stable Value/ Money Market Bonds Asset Allocation Balanced Large Cap Mid Cap Small Cap International/ Global Specialty Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatitlity. _Volatility Profile _Strategy 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. 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. _Portfolio Statistics As of 6/30/2014 Inception Date: 12/15/2006 Net Assets ($ in millions): $38, Number of Stock Holdings: 1461 Investment Advisor: Portfolio Manager: Vanguard Group, Inc. Michael H. Buek Diversification Basic Materials Consumer Cyclical Financial Services Real Estate Consumer Defensive Healthcare Utilities Communication Services Energy Industrials Technology Total % 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 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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

64 Privacy Notice 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, professional 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 Please note: customers with multiple MassMutual products may receive more than one copy of this notice. B4452b 1110

65 (This page intentionally left blank)

66 (This page intentionally left blank)

67 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. MML Distributors, LLC Supervisory Office 100 Bright Meadow Blvd Enfield, CT Member FINRA and SIPC. RS

68 MassMutual Retirement Services P.O. Box Boston, MA 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 Massachusetts Mutual Life Insurance Company, Springfield, MA All rights reserved. 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. RS2070_BKCVR 714 C: