Getting Started Guide

Getting Started Guide SURS SELF-MANAGED PLAN SURS STATE UNIVERSITIES RETIREMENT SYSTEM

Use this guide to help you select your SURS Self-Managed Plan service provider(s) and investment options. SURS is pleased to provide you with an overview of your Self Managed Plan (SMP). Inside, you ll learn more about: Plan features and details about your SMP Choosing an investment service provider for your contributions Evaluating the investment lineup Table of Contents What is the SMP? 3 Plan Features 3 How to Enroll 4 SMP Investment Options Overview 5 Do it for me Investment Options 6 2 Do it myself Investment Options 9 SMP Default Investment Options 11 About Fidelity Investments 13 About TIAA 14

What is the SMP? The SURS Self-Managed Plan (SMP) is a defined contribution plan that establishes an account into which your contributions and the State of Illinois contributions are placed. You decide how your account balance will be invested, selecting from a variety of mutual funds and variable annuities. Fidelity Investments and TIAA are the two investment service providers for the SMP. Both investment service providers offer resources and tools to help you plan your investment strategy. Plan Features The table below provides an overview of the features of the SMP. ENROLLMENT CONTRIBUTIONS INVESTMENT OPTIONS VESTING BENEFICIARIES WITHDRAWALS CONFIDENTIAL CONSULTATIONS You must first choose the SMP as your SURS retirement plan by logging into your SURS member account at www.surs.org. Once you have chosen the SMP, you will be directed to www.netbenefits.com/surs to select your investment service provider(s) and investment options. Click Register to get started. Total contributions to the SMP equal 15.6% of your earnings. You contribute 8.0% of earnings and the state contributes 7.6% of which up to 1% is used to provide you with eligibility for disability benefits. Member contributions are made automatically through convenient payroll deductions. Fidelity Investments and TIAA are the investment service providers for the plan. Details of investment options available at each provider are included in this guide. When you are vested in your savings, it effectively means the money is yours to keep. You are always 100% vested in all of your contributions to your plan, as well as any earnings on them. You become vested in State of Illinois contributions upon completion of five years of service with a SURS member organization. Your beneficiary or beneficiaries will inherit your account in the event of your death. You should consider identifying a beneficiary when you enroll in the plan, and updating the information if you experience a life-changing event such as marriage, divorce, the birth of a child, or a death in the family. To update your beneficiaries, please visit www.surs.org to log in to your SURS Member Account and access the form or call SURS at 800-275-7877. Withdrawals from the SMP are permitted when you terminate your employment or retire. Please call SURS at 800-275-7877 to obtain more information about withdrawals. Now is a great time to schedule a confidential consultation to discuss your retirement planning goals. For confidential consultations with Fidelity, call 800-642-7131. For confidential consultations with TIAA, call 888-219-8310. You may also visit www.netbenefits.com/surs to sign up for a confidential consultation. 3

How to Enroll The SMP website is easy to use, and allows you to: Select or change your SURS SMP investment service provider (Fidelity or TIAA) Select or change your investment options View SURS SMP details Use interactive tools and calculators to help you set financial goals New Members/First-Time Enrollees You must first choose the SMP as your SURS retirement plan by logging into your SURS member account at www.surs.org. Once you have chosen the SMP, you will be directed to www.netbenefits.com/surs to select your investment service provider(s) and investment options. Click Register to get started. Follow the prompts to register for a username and password for the website. Once registered, you will be prompted through a step by-step process. If you are a current Fidelity customer and already have a username and password, you can use them to access the new website. If you have forgotten your username and/or password, click Need Help? at the top of the website to reset your username and password. Step 1: Select retirement provider (Fidelity and/or TIAA) Step 2: Choose investments Choose your beneficiaries. Properly completed beneficiary designations are important to ensure that your assets are directed as you wish in the event of your death. SURS will maintain your beneficiary information. To select or update your beneficiaries, please visit www.surs.org to log in to your SURS Member Account and access the form or call SURS at 800-275-7877. Schedule a confidential consultation. Now is a great time to schedule a confidential consultation with either Fidelity Investments or TIAA to discuss your retirement planning goals. For confidential consultations with Fidelity, call 800-642-7131. For confidential consultations with TIAA, call 888-219-8310. You may also visit www.netbenefits.com/surs to sign up for a confidential consultation. Updating Investment Service Providers Step 1: Visit www.netbenefits.com/surs and log in to your Fidelity account. Step 2: Select Contribution Amount from the drop-down and then follow the link for Retirement Providers. Choose how much of your SMP contribution you would like to allocate to each provider: Fidelity Investments and/or TIAA. 4 Updating Investment Options Step 1: Step 2: Visit www.netbenefits.com/surs and use the box at the top of the page to log in to either your Fidelity or TIAA account. Select your SMP account and select new investment options for the portion of your SMP contribution going to that provider.

SMP Investment Options Overview What type of investor are you? Before investing in any investment option, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a mutual fund or variable annuity prospectus or, if available, a summary prospectus containing this information. Read it carefully. As you consider which investments are right for you, it is important to consider your investing personality. Are you happy to let the professionals manage your investments for you? Or are you more likely to manage your own investments maybe with some help? Once you ve identified where you stand, review the investments available in the SMP. A description of each fund available in the SMP can be found in the Investment Options Guide. Do it for me Investor Actively choosing and managing investments can be a difficult task for some investors. If you re uncomfortable making these types of decisions on your own, you may want to consider a target date fund an approach that helps take the guesswork out of investing. The SMP offers three families of target date funds to meet the needs of SURS members. Each target date fund provides: Simplicity. Choose and monitor just one fund, rather than a mix of several funds. Diversification. Each fund invests in a different proportion of stocks, bonds, and short-term investments across multiple asset classes and investment styles. Ongoing management. Depending on which family of target date funds you choose, a team of Fidelity or TIAA professionals makes ongoing decisions and adjustments to each fund s mix of investments, so you don t have to wonder when to reallocate or rebalance. A lifetime investment strategy. Each fund invests more aggressively when the target date is further away, and gradually becomes more conservative enabling you to stay with the same fund throughout your working career and into retirement. Do it myself Investor If you know your investment objectives and want to play a more active role in building a diversified portfolio, you may prefer a more do-it-myself approach with your SMP investments. The SMP offers the flexibility to create a diverse portfolio without having to sort through an overwhelming array of fund choices. By investing through these options, you have: Diverse asset classes. An array of investment options designed to accommodate most investors needs. It s up to you to decide how much risk you want in your portfolio. Your decision, your responsibility. You decide how to allocate your assets among the menu of investment options. You are responsible for periodically evaluating and rebalancing your investments and retirement portfolio, based on your retirement goals, risk tolerance, and time horizon. 5 Diversification/asset allocation does not ensure a profit or guarantee against a loss.

Do it for me Investment Options Dimensional Target Date Retirement Income Funds Diversified across a mix of asset classes, in the early working years the funds focus primarily on growth assets, including US and non-us stocks. As retirement approaches, the investment emphasis shifts from growth to income risk management. More portfolio assets are invested in inflation-protected securities in an effort to protect against risks like inflation or a market decline, helping provide more clarity about the retirement income your savings may support. INVESTMENT OPTIONS Dimensional Dimensional 2005 Target Date Dimensional 2010 Target Date Dimensional 2015 Target Date Dimensional 2020 Target Date Dimensional 2025 Target Date Dimensional 2030 Target Date Dimensional 2035 Target Date Dimensional 2040 Target Date Dimensional 2045 Target Date Dimensional 2050 Target Date Dimensional 2055 Target Date Dimensional 2060 Target Date TICKER SYMBOL TDIFX DRIMX DRIBX DRIQX DRIRX DRIUX DRIWX DRIGX DRIHX DRIIX DRIJX DRIKX DRILX 6 Principal Risks Investment risks include loss of principle and fluctuating value. Value investing is subject to risk which may cause underperformance compared to other equity investment strategies. Small cap securities are subject to greater volatility than those in other asset categories. International investments are subject to additional risks such as currency fluctuation, political instability and adverse economic conditions. Fixed income securities are subject to increased loss of principal during periods of rising interest rates and may be subject to various other risks including changes to credit quality, liquidity, prepayments, and other factors. Inflation-protected securities may react differently from other debt securities to changes in interest rates. Investments in target date funds are subject to the risks of their underlying funds, and asset allocations are subject to change over time in accordance with each fund s prospectus. An investment in or retirement income from a target date portfolio is not guaranteed at any time, including on or after the target date. For more details regarding the risks, please see the Principal Risks section of the prospectus. Please read the prospectus carefully before investing. Information on this page provided by Dimensional. Fidelity is not responsible for its content.

Do it for me Investment Options, cont. Fidelity Freedom Index Funds, Each Freedom Index Fund allocates its asset mix stocks, bonds, and short-term investments to become more conservative as the fund approaches the target date and beyond. Generally, the longer the time horizon to retirement, the greater the allocation to equities (stocks). On the other hand, funds with a shorter time frame to retirement are more conservative, with the goal of helping preserve income as an investor approaches and moves into retirement. For example, the Freedom Index 2020 Fund invests in higher amounts of short-term and bond funds than the Freedom Index 2040 Fund. INVESTMENT OPTIONS Fidelity Freedom Index Income Fund, Fidelity Freedom Index 2005 Fund, Fidelity Freedom Index 2010 Fund, Fidelity Freedom Index 2015 Fund, Fidelity Freedom Index 2020 Fund, Fidelity Freedom Index 2025 Fund, Fidelity Freedom Index 2030 Fund, Fidelity Freedom Index 2035 Fund, Fidelity Freedom Index 2040 Fund, Fidelity Freedom Index 2045 Fund, Fidelity Freedom Index 2050 Fund, Fidelity Freedom Index 2055 Fund, Fidelity Freedom Index 2060 Fund, TICKER SYMBOL FFGZX FFGFX FFWTX FIWFX FIWTX FFEDX FFEGX FFEZX FFIZX FFOLX FFOPX FFLDX FFLEX Fidelity Freedom Index Funds are designed for investors who anticipate retiring in or within a few years of the fund s target retirement year at or around age 65 and plan to gradually withdraw the value of their account in the fund over time. Except for the Freedom Index Income Fund, the funds asset allocation strategy becomes increasingly conservative as the funds approach the target date and beyond. Ultimately, the funds are expected to merge with the Freedom Index Income Fund. The investment risk of each Freedom Index Fund changes over time as the fund s asset allocation changes. These risks are subject to the asset allocation decisions of the investment adviser. Pursuant to the adviser s ability to use an active asset allocation strategy for the Freedom Funds, investors may be subject to a different risk profile compared to the fund s neutral asset allocation strategy shown in its glide path. The funds are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, commodity-linked, and foreign securities. No target date fund is considered a complete retirement program and there is no guarantee any single fund will provide sufficient retirement income at or through retirement. Principal invested is not guaranteed at any time, including at or after the funds target dates. 7

Do it for me Investment Options, cont. TIAA-CREF Lifecycle Index Funds - Class As with all mutual funds, the principal value of a Lifecycle Fund isn t guaranteed and will fluctuate with market changes. The target date approximates when investors may plan to start making withdrawals. However, you are not required to withdraw the funds at that target date. After the target date has been reached, some of your money may be merged into a fund with a more stable asset allocation.* INVESTMENT OPTIONS TIAA LIFECYCLE INDEX FUNDS TIAA-CREF Lifecycle Index Income Fund Class TIAA-CREF Lifecycle Index 2010 Fund Class TIAA-CREF Lifecycle Index 2015 Fund Class TIAA-CREF Lifecycle Index 2020 Fund Class TIAA-CREF Lifecycle Index 2025 Fund Class TIAA-CREF Lifecycle Index 2030 Fund Class TIAA-CREF Lifecycle Index 2035 Fund Class TIAA-CREF Lifecycle Index 2040 Fund Class TIAA-CREF Lifecycle Index 2045 Fund Class TIAA-CREF Lifecycle Index 2050 Fund Class TIAA-CREF Lifecycle Index 2055 Fund Class TIAA-CREF Lifecycle Index 2060 Fund Class TICKER SYMBOL TRILX TLTIX TLFIX TLWIX TLQIX TLHIX TLYIX TLZIX TLXIX TLLIX TTIIX TVIIX 8 *Lifecycle Funds share the risks associated with the types of securities held by each of the underlying funds in which they invest. In addition to the fees and expenses associated with the Lifecycle Funds, there is exposure to the fees and expenses associated with the underlying mutual funds. Information on this page provided by TIAA. Fidelity is not responsible for its content.

Do it myself Investment Options The lineup of investment options in the SMP gives you a choice of mutual funds that cover the major asset classes: stocks, bonds, short-term, and specialty investments. These investment options give you the flexibility to build your own strategy to meet your needs. These investments are categorized as either passively managed or actively managed based on how investments within the fund are managed. Passively Managed (Index) Funds Within the SMP, you can invest in a variety of pre-screened passively managed funds. Passively managed funds commonly known as index funds seek to match their benchmark s performance, rather than beat their benchmark. Because the objective is to simply mirror the holdings and return of a particular index, less research is needed, transactions occur less frequently, and expenses tend to be lower than those of actively managed funds. Ultimately, index funds are designed to provide exposure to a broad selection of securities at a relatively low cost. While these funds typically perform very similarly to the index they track, you should be aware that index funds cannot be expected to meet or beat the index s performance. The chart below shows passively managed funds available in the SMP, along with which provider is record keeping the fund. INVESTMENT OPTION TICKER SYMBOL PROVIDER CREF Equity Index Account R3 QCEQIX TIAA Fidelity 500 Index Fund Class FXSIX Fidelity Fidelity Extended Market Index Fund Fidelity Advantage Class FSEVX Fidelity Fidelity Global ex U.S. Index Fund Class FSGSX Fidelity Fidelity U.S. Bond Index Fund Class FXSTX Fidelity TIAA-CREF Large-Cap Growth Index TILIX TIAA The following risk information pertains to this and the next page. In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counter parties. Unlike individual bonds, most bond funds do not have a maturity date, so holding them until maturity to avoid losses caused by price volatility is not possible. Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal. 9

Do it myself Investment Options Actively Managed Funds Actively managed funds seek to beat, or exceed, their benchmarks. Unlike index funds, the managers of actively managed funds do not attempt to mirror the holdings and performance of an index. These fund managers have flexibility to actively seek out investments that they believe will beat, or exceed, the performance of a particular index. Since actively managed strategies often involve a great deal of research, transactions within these funds tend to occur more frequently and expenses tend to be higher than those of passively managed funds. The chart below shows actively managed funds available in the SMP, along with which provider is record keeping the fund. INVESTMENT OPTION TICKER SYMBOL PROVIDER American Beacon Large Cap Value Fund Class AADEX Fidelity Ariel Fund Class ARAIX Fidelity CREF Bond Market Account R3 QCBMIX TIAA CREF Global Equities Account R3 QCGLIX TIAA CREF Inflation-Linked Bond Account R3 QCILIX TIAA CREF Social Choice Account R3 QCSCIX TIAA CREF Stock Account R3 QCSTIX TIAA Fidelity Contrafund Commingled Pool -- Fidelity Fidelity Diversified International Fund Class K FDIKX Fidelity Fidelity Growth Company Commingled Pool -- Fidelity Fidelity Low-Priced Stock Fund Class K FLPKX Fidelity Fidelity Puritan Fund Class K FPUKX Fidelity Fidelity Real Estate Investment Portfolio FRESX Fidelity Managed Income Portfolio Class 2 -- Fidelity PIMCO Total Return Fund Class PTTRX Fidelity TIAA Real Estate Account QREARX TIAA TIAA Traditional Annuity TIAA Vanguard Federal Money Market Fund - Investor Class VMFXX TIAA Wells Fargo Small Company Growth Fund Class R6 WSCRX Fidelity 10 You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund s liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

SMP Default Investment Options If you have not selected an investment mix in the SMP, your future contributions will be invested in the target date fund (with your chosen investment service provider) that has a target retirement date closest to the year you might retire, assuming a retirement age of 65. Default Investment Options for Fidelity and TIAA Accounts Please see the charts below to determine in which fund your contributions will be invested if no elections are on file. If your contributions are initially invested in the designated default option, you have the right to transfer out of that option to another investment option at any time. To obtain information about other Plan investment options offered by Fidelity Investments, please log on to Fidelity NetBenefits at www.netbenefits.com/surs or call 800-343-0860 to speak to a representative. Information about Plan investment options offered by TIAA can be obtained by calling 800-842-2252 or at www.tiaa.org/illinois. DATE OF BIRTH DEFAULT TARGET DATE FUND IN FIDELITY ACCOUNTS DEFAULT TARGET DATE FUND IN TIAA ACCOUNTS ANTICIPATED RETIREMENT DATE RANGE Before 1938 Fidelity Freedom Index Income Fund, Dimensional Retirement Income Fund - Retired before 2003 1/1/1938 12/31/1942 Fidelity Freedom Index 2005 Fund, Dimensional 2005 Target Date 2003 2007 1/1/1943 12/31/1947 Fidelity Freedom Index 2010 Fund, Dimensional 2010 Target Date 2008 2012 1/1/1948 12/31/1952 Fidelity Freedom Index 2015 Fund, Dimensional 2015 Target Date 2013 2017 1/1/1953 12/31/1957 Fidelity Freedom Index 2020 Fund, Dimensional 2020 Target Date 2018 2022 1/1/1958 12/31/1962 Fidelity Freedom Index 2025 Fund, Dimensional 2025 Target Date 2023 2027 1/1/1963 12/31/1967 Fidelity Freedom Index 2030 Fund, Dimensional 2030 Target Date 2028 2032 11 1/1/1968 12/31/1972 Fidelity Freedom Index 2035 Fund, Dimensional 2035 Target Date 2033 2037

DATE OF BIRTH DEFAULT TARGET DATE FUND IN FIDELITY ACCOUNTS DEFAULT TARGET DATE FUND IN TIAA ACCOUNTS ANTICIPATED RETIREMENT DATE RANGE 1/1/1973 12/31/1977 Fidelity Freedom Index 2040 Fund, Dimensional 2040 Target Date 2038 2042 1/1/1978 12/31/1982 Fidelity Freedom Index 2045 Fund, Dimensional 2045 Target Date 2043 2047 1/1/1983 12/31/1987 Fidelity Freedom Index 2050 Fund, Dimensional 2050 Target Date 2048 2052 1/1/1988 12/31/1992 Fidelity Freedom Index 2055 Fund, Dimensional 2055 Target Date 2053 2057 1993 and later Fidelity Freedom Index 2060 Fund, Dimensional 2060 Target Date 2058 and later Date ranges were selected by your Plan Sponsor. 12 A Note Regarding Fees Associated with the SMP Asset-based fees reflect an investment option s total annual operating expenses and include manage ment and other fees. They are often the largest component of retirement plan costs and are paid by all shareholders of the investment option. Typically, asset-based fees are reflected as a percentage of assets invested in the option and often are referred to as an expense ratio. You may multiply the expense ratio by your balance in the investment option to estimate the annual expenses associated with your holdings. Asset-based fees are deducted from an investment option s assets, thereby reducing its investment return. Fee levels can vary widely among investment options, depending in part on the type of investment option, its management (including whether it is active or passive) and the risks and complexities of the option s strategy. There is not necessarily a correlation between fees and investment performance, and fees are just one component to consider when determining which investment options are right for you. For additional information about fees related to specific investments, visit www.netbenefits.com/surs or www.tiaa.org/illinois.

About Fidelity Investments Chances are, you already know Fidelity by reputation. Founded in 1946, and today America s largest privately held investment company, Fidelity has always been committed to providing exceptional money management, outstanding customer service, and state-of-the-art technology. As a leading provider of workplace retirement savings plans today, no one makes planning for retirement easier.* Service excellence you can count on Fidelity has always been committed to accuracy, top technologies, and the highest ethical standards. A relationship with us means that you can count on accurate statements and information, as well as timely assistance with your questions. Experience to meet your needs Fidelity serves more than 24 million participants, and we have the experience to help you manage your priorities at every stage of your life. Because we service plans for thousands of tax-exempt organizations, we understand that you may have more complex savings needs above and beyond your retirement plan. Help how and when you need it To help you make knowledgeable and confident decisions about your money, Fidelity offers a broad range of support, including: Portfolio reviews at your workplace Making the most of the tools and resources available from Fidelity Investments Contact Fidelity Investments By phone: Monday through Friday from 7 a.m. to 11 p.m. Central time at 800-343-0860. Online: In Person: Visit our website at www.netbenefits.com/surs. To schedule an appointment with your dedicated Fidelity Retirement Planner, please call 800-642-7131 or visit www.netbenefits.com/surs and click Contact Us, then Meet with Fidelity. * Based on two surveys: The PLANSPONSOR magazine 2015 Recordkeeping Survey ( Asset International, Inc.), based on defined-contribution plan assets administered and number of participants of recordkeepers, as of 12/31/2014; and Cerulli Associates The Cerulli Edge Retirement Edition, third quarter 2014, based on an industry survey of firms reporting total IRA assets administered for Q3 2015. As of December 31, 2015. 13

About TIAA With an award-winning track record* for consistent performance, TIAA is a leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $954 billion in assets under management (as of 6/30/2017)** and offers a wide range of financial services, including investing, banking, advice and guidance, and retirement services. TIAA offers the following advantages: Investment experience: TIAA has nearly 100 years of experience investing for its participants retirement and other financial goals. The expense ratio on all mutual fund products and variable annuity accounts managed by TIAA-CREF is generally less than half the mutual fund industry average.* Get personalized help from TIAA To schedule an individual appointment with a TIAA Consultant, call 888-219-8310, weekdays, 7 a.m. to 7 p.m. Central time (CT). This service is available at no additional cost to you. For information about how to enroll, or to discuss your account, call 888-219-8310, weekdays, 7 a.m. to 7 p.m. (CT), and Saturday, 8 a.m. to 5 p.m. (CT). TIAA investment choices TIAA s broad range of investment choices allows you to build a portfolio that s right for your unique savings needs. 14 * Applies to mutual fund and variable annuity expense ratios. Source: Morningstar Direct, June 30, 2017. 59% are less than half their respective Morningstar Universe average and 50% are less than half their respective Morningstar Universe median. Our mutual fund and variable annuity products are subject to various fees and expenses, including but not limited to management, administrative, and distribution fees; our variable annuity products have an additional mortality and expense risk charge. * The Lipper Large Fund and the Mixed-Assets Large Fund Awards are given to the group with the lowest average decile ranking of three years Consistent Return for eligible funds over the three-year period ended 11/30/12 (36 fund companies), 11/30/13 (48), 11/30/14 (48), 11/30/15 (37) and 11/30/16 (37) with at least five equity, five bond, or three mixed-asset portfolios. For the Mixed-Assets category, TIAA ranked against 39 and 36 fund families for the three-year period ended 11/30/15 and 11/30/16, respectively. Note these awards pertain to mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included. From Thomson Reuters Lipper Awards, 2017 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Past performance does not guarantee future results. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. For current performance, rankings and prospectuses, please visit the Research and Performance section on TIAA.org. Nuveen Securities, LLC, Member FINRA and SIPC. Past performance is no guarantee of future results. **Based on assets under management across Nuveen Investments affiliates and TIAA investment management teams as of June 30, 2017. Investment, insurance, and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. There are inherent risks in investing in securities, including loss of principal. Investment return and principal value will fluctuate, so an investor s shares, when redeemed, likely will be worth more or less than their original cost. TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit www.tiaa.org/illinois for details. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or go to www.tiaa.org/illinois for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing. TIAA-CREF Individual & Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, members FINRA and SIPC, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations. 2017 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY 10017 Information on this page provided by TIAA. Fidelity is not responsible for its content.

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Although this booklet was prepared for SURS by Fidelity Investments for the convenience of Plan participants, certain pages in it were supplied by non-fidelity investment providers. Each provider offering products and services to the Plan or its participants is solely responsible for the content in its applicable pages and does not assume any responsibility or liability for the content supplied by any other provider. TIAA and Fidelity Investments are independent entities and are not legally affiliated. This document provides only a summary of the main features of the SURS Self-Managed Plan, and the Plan document will govern in the event of any discrepancies. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 2016 2017 FMR LLC. All rights reserved. 756843.3.0 31179-03/0717