Sacramento County Deferred Compensation Plan

Invest in your retirement—and yourself—today, with help from the Deferred Compensation Plan and Fidelity.

YOUR GUIDE TO GETTING STARTED Invest some of what you earn today for what you plan to accomplish tomorrow.

It is our pleasure to offer you the opportunity to enroll in the Deferred Compensation Plan. Your retirement savings plan offers a convenient, tax-advantaged way to save for retirement. Benefit from: Convenience. Your contributions are automatically deducted regularly from your paycheck. Tax savings now. Your pretax contributions are deducted from your pay before income taxes are taken out. This means that you can actually lower the amount of current income taxes you pay each period. It could mean more money in your take-home pay versus saving money in a taxable account. Tax savings later. In addition to pre-tax contributions, you are also able to make after-tax contributions through the Roth option available in the 457 plan. Investment options. You have the flexibility to select from investment options that range from more conservative to more aggressive, making it easy for you to develop a well-diversified investment portfolio. Online beneficiary. With Fidelity’s Online Beneficiaries Service, you can designate your beneficiaries, receive instant online confirmation, and check your beneficiary information virtually any time. Catch-up contributions. If you make the maximum contribution to your plan account, and you are 50 years of age or older during the calendar year, you can make an additional “catch-up” contribution of $6,500 in 2021. In addition, during one or more of the last 3 years before normal retirement age, you may be limited to using the greater of the 457 “last-3-years” catch-up or the age 50 catch-up. To learn more about what your plan offers, see “Frequently asked questions about your plan” later in this guide. Sincerely, Fidelity Investments

Enroll in your plan and invest in yourself today. For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 FAQs 1 eatures, eatures, f What if I don’t make an investment make an What if I don’t election? in the an active role encourage you to take We and choose Compensation Plan Deferred beneficiaries, or if you have experienced a life- beneficiaries, or if you have experienced divorce, changing event such as a marriage, time it’s birth of a child, or a death in the family, to consider your beneficiary designations. a Online Beneficiaries Service offers Fidelity’s that takes convenient process straightforward, make your elections, click on just minutes. To link, then select “Beneficiaries” the “Profile” and follow the online instructions. my investment options? What are help you meet your investment goals, the To can you a range of options. You Plan offers that best select a mix of investment options suits your goals, time horizon, and risk tolerance. The many investment options include the Plan available through conservative, moderately conservative, and description of funds. A complete aggressive investment options and their the Plan’s performance, as well as planning tools to help available mix, are you choose an appropriate online. When is my enrollment effective? When is my enrollment once you effective becomes enrollment Your which initiates elect a deferral percentage, pay. your contributions from deduction of your will generally begin These salary deductions your receive with your next pay period after we information, or as soon as enrollment administratively possible. How do I designate my beneficiary? selected your If you have not already . ® Frequently asked questions about your plan. about your questions asked Frequently benefits, and rules of your plan. benefits, and Here are answers to questions you may have about the key you may have about the answers to questions are Here You may defer $19,500, the maximum IRS limit You in 2021, which applies to all employee and employer contributions in all 457 plans in which you participate. How much can I contribute? deduction, you may automatic payroll Through contribute up to 99% of your eligible pay on a IRS dollar limits. basis, up to the annual pretax What is the IRS contribution limit? contribute between 1% and 100% of your contribute between 1% and 100% eligible pay as designated Roth contributions, up to the annual IRS dollar limits. information online within the Find more “Library” section of NetBenefits distribution is a qualified one. A qualified is taken at distribution, in this case, is one that least five tax years after your first Roth age contribution and after you have attained 59½, or become disabled or die. Through deduction, you can automatic payroll What is the Roth contribution option? savings A Roth contribution to your retirement contributions plan allows you to make after-tax completely and take any associated earnings - as long as the at retirement tax free the Plan at any time. in the Plan? How do I enroll online at any time, or by calling the Enroll Benefits Line at Fidelity Retirement 1-800-343-0860. When can I enroll in the Plan? When can I enroll in can enroll no waiting period. You is There 2 FAQs must notexceed$50,000. You thenpaythe minimum loanamountis $1,000, andaloan 50% ofyourvestedaccountbalance.The Compensation Planallowsyoutoborrow upto any reason. Generally, theDeferred future, youmayborrow from youraccountfor Although yourplanaccountisintendedforthe Can Itakealoanfrom my account? Plan. contributions totheDeferred Compensation You are always100%vestedinyourown When amIvested? information. your EmployeeBenefitsOffice formore made butdidnotmakeinprevious years.See to catchuponcontributionsyoucouldhave the Plan.Thisoptiongivesyouanopportunity which youattainnormalretirement ageunder the three consecutiveyearspriortotheyearin contribution maybeusedinoneormore of limit ineffect (upto$39,000in2021).This contribution ofuptodoublethe You mayelecttomakealast-3-yearscatch-up What catch-upcontributioncanImake? guaranteed. and beyond.Principalinvestedisnot the fundapproaches itstarget retirement date automatically becomesmore conservativeas bonds andotherinvestmentsthat Target DateFundsare anassetmixofstocks, be foundonline. Vanguard Target Retirement Trust Ioptions can Income Trust I.More informationaboutthe invested intheVanguard Target Retirement on fileatFidelity, yourcontributionsmaybe If nodateofbirthoraninvalidis direction ofCountySacramento. assuming aretirement ageof65,atthe might retire, basedonyourcurrent ageand target retirement dateclosesttotheyearyou Vanguard Target Retirement Trust Iwith the your contributionswillbeinvestedinthe select specificinvestmentoptionsinthePlan, time horizon,andrisktolerance.Ifyoudonot investment optionsthatbestsuityourgoals, initiating aloanfrom yourplanaccount. guidelines andimpactoftakingaloanbefore loans. Besure youunderstandtheplan impact youreligibilitytorequest additional withdrawal penalty. Defaultedloansmayalso income taxandpossiblytoa10%early treated asadistribution,makingitsubjectto the loan),itwillbeconsidered in"default"and repay yourloan(basedontheoriginaltermsof from yourindividualplanaccount.Ifyoufailto maintenance feeswillbededucteddirectly maintenance feeof$3.75.Theinitiationand loan is$35.00,andthere isaquarterly outstanding atatime.Thecosttoinitiate available toborrow. You mayhavetwoloans months mayreduce theamountyouhave outstanding loanbalancesovertheprevious 12 Service inmonthlyequalinstallments.Any through theAutomatedClearingHouse(ACH) money backintoyouraccount,plusinterest, permitted whenyouterminate your from thePlanareWithdrawals generally Can Imakewithdrawals? conditions andparticipantbalances. Fees maybechangedbasedonmarket chart below: close ofthepriorquarter, asdetailedinthe determined byyouraccountbalanceatthe administrative andrecordkeeping services, The Countywilldeductaquarterlyfeefor Fees Benefits Lineat1-800-343-0860. online, orbycallingtheFidelityRetirement Learn more aboutand/orrequest aloan is greaterthan$5,000 Plan accountbalance Plan accountbalance Plan accountbalance and equaltoorless is equaltoorless is greaterthan than $150,000 than $5,000 $150,000 Account Fees $240 peryear($60.00 $90 peryear($22.50) $12 peryear($3.00 per quarter) per quarter) per quarter For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 FAQs 3 your account. You will also find a withdrawal You your account. the amount of tool, which shows modeling early withdrawal taxes and federal income the along with you might pay, penalties lose potentially earnings you could amount of Additional information by taking a withdrawal. by calling the Fidelity can be obtained Benefits Line at 1-800-343-0860. Retirement modeling tools that illustrate the potential of impact of a loan on the long-term growth assets. can I find informationWhere about exchanges and other plan features? Learn about loans, exchanges, and more you can access loan online. In particular, or by calling the Fidelity Retirement Benefits or by calling the Fidelity Retirement Line at 1-800-343-0860. available to consider all your Be sure options and the applicable fees and features retirement moving your of each before one that contains only money rolled over from one that contains only money rolled plan that retirement an employer-sponsored IRA has not been mixed with regular contributions. Additional information can be obtained online, You are permitted to roll over eligible pretax over permitted to roll are You another 401(k) plan, 401(a) contributions from 457(b) plan, 403(b) plan or a governmental or eligible pretax plan account retirement conduit individual contributions from (IRAs). A conduit IRA is accounts retirement online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860. another retirement Can I move money from plan into my account in the Deferred Compensation Plan? accepts the transfer. Be sure you understand Be sure accepts the transfer. tax consequences of any the federal and state may you initiate one. You distribution before tax adviser about your want to consult your situation. a withdrawal about and/or request Learn more eligible to be rolled over, but is not directly over, eligible to be rolled to an eligible plan or IRA, 20% over rolled of federal income tax mandatory withholding tax will not be applies. Federal income plan-to-plan transfer is withheld if an eligible 457(b) plan that employer’s made to another employment, have an unforeseeable employment, or the Plan is terminated. emergency, your governmental distributed from Any assets income in ordinary will be taxed as 457(b) plan distribution is withdrawn. If the the year 4 FAQs For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 Investment Options 5 ptions to the right have potentially ptions to the right have Target Years 2048 - 2052 Years Target 2053 - 2057 Years Target 2058 - 2062 Years Target 2063 and beyond Years Target Target Retirement Years 2013 before Retired 2013 - 2017 Years Target 2018 - 2022 Years Target 2023 - 2027 Years Target 2028 - 2032 Years Target 2033 - 2037 Years Target 2038 - 2042 Years Target 2043 - 2047 Years Target less inflation risk and more investment risk less inflation risk and more Vanguard Target Retirement 2040 Trust I Trust 2040 Retirement Target Vanguard I Trust 2045 Retirement Target Vanguard I Trust 2050 Retirement Target Vanguard I Trust 2055 Retirement Target Vanguard I Trust 2060 Retirement Target Vanguard I Trust 2065 Retirement Target Vanguard Vanguard Target Retirement 2030 Trust I Trust 2030 Retirement Target Vanguard I Trust 2035 Retirement Target Vanguard Vanguard Target Retirement 2025 Trust I Trust 2025 Retirement Target Vanguard Vanguard Target Retirement 2025 Trust I 2025 Trust Retirement Target Vanguard I 2030 Trust Retirement Target Vanguard I 2035 Trust Retirement Target Vanguard I 2040 Trust Retirement Target Vanguard I 2045 Trust Retirement Target Vanguard I 2050 Trust Retirement Target Vanguard I 2055 Trust Retirement Target Vanguard I 2060 Trust Retirement Target Vanguard I 2065 Trust Retirement Target Vanguard Fund Name I Income Trust Retirement Target Vanguard I 2015 Trust Retirement Target Vanguard I 2020 Trust Retirement Target Vanguard ptions to the left have potentially ptions to the left have www.netbenefits.com/saccounty. Investment Options Investment January 1, 1998 and later* *Dates selected by Plan Sponsor January 1, 1973 - December 31, 1977 January 1, 1978 - December 31, 1982 January 1, 1983 - December 31, 1987 January 1, 1988 - December 31, 1992 January 1, 1993 - December 31, 1997 Before 1948 Before January 1, 1948 - December 31, 1952 January 1, 1953 - December 31, 1957 January 1, 1958 - December 31, 1962 January 1, 1963 - December 31, 1967 January 1, 1968 - December 31, 1972 cap and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. at any time, including at or after their target securities. Principal invested is not guaranteed cap and foreign Plan believes will best fit your Compensation fund the Deferred The chart below lists the assigned select an investment option. diversification needs should you not Your Birth Date* Vanguard Target Retirement 2020 Trust I Trust 2020 Retirement Target Vanguard the year indicated in each investment‘s around generally designed for investors expecting to retire are date investments Target date conservative over time. The investment risks of each target more managed to gradually become name. The investments are subject to the volatility of the financial markets, including changes. They are investment change over time as its asset allocation and may be subject to risks associated with investing in high yield, small and abroad equity and fixed income investments in the U.S. Vanguard Target Retirement Income Retirement Target Vanguard I Trust I Trust 2015 Retirement Target Vanguard to Date Funds Target Here is a list of investment options for the Deferred Compensation Plan. Compensation Deferred for the investment options is a list of Here go and other fund specifics, performance information For up-to-date more inflation risk and less investment risk inflation risk more Placement of investment options within each risk spectrum is only in relation to the investment is only in relation options within each risk spectrum Placement of investment to the investment risk relative not reflect specific spectrum. Placement does options within that the other risk spectrums. options shown in Investment o Investment o 6 Investment Options performance. options, pleasereadtheprospectuses beforemakingyourinvestmentdecision.Thespectrumdoes notrepresentactualorimplied categories maychangeundercertain economicconditions.Foramorecompletediscussionofrisk associated withthemutualfund associated withtheinvestmentoptions canvarysignificantlywithineachparticularinvestmentcategory, andtherelativeriskof investment options’futurestyles. Investmentoptionsarelistedinalphabeticalorderwithineachinvestment category.Risk may changeatanytime.Thesestyle calculationsdonotrepresenttheinvestmentoptions’objectives anddonotpredictthe Morningstar categoriesarebasedonafund’sstyleasmeasuredby itsunderlyingportfolioholdingsoverthepastthreeyearsand Investment optionsintheDomesticEquitycategoryarebasedon theoptions’Morningstarcategoriesasof04/30/2021. general investmentcategoriesoftheoptionsandnoton theactualsecurityholdings,whichcanchangefrequently. This spectrum,withtheexceptionofDomesticEquitycategory, isbasedonFidelity’sanalysisofthecharacteristics Money Market Core InvestmentOptions Institutional Class Portfolio - Government Market Investments Money Fidelity Government Investment optionstothele m o r e SHORT-TERM INVESTMENT ® in CCO

f l at N i o S n ri EER s VVA k Stable Value Value FundE Wells Fargo Stable a TI n d I V l E ess inv f t have est m e p n Bond Shares Fund Institutional Bond MarketIndex Vanguard Total Fund PlanClass Total ReturnBond Metropolitan West Diversified otentially t ri s k BOND Class R6 Income Fund JPMorgan Equity Large Value Institutional Shares Market IndexFund Vanguard Extended Mid Blend Shares Fund Institutional Institutional Index Vanguard Institutional Shares Equity Fund- Parnassus Core Large Blend Class R6 Cap EquityFund JPMorgan Small Small Blend Domestic Equities Investment optionstotherighthavepotentially l STOCKS ess in Contrafund Fidelity Large Growth f l at i o ® n ri

s ® k A K6 a GG n d m RE o Global International/ Institutional Shares Index Fund International Stock Vanguard Total Fund -ClassK Fidelity Diversified r SS e inv IV ® E est Overseas m e n t ri s k ® For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 Fidelity BrokerageLink 7 com ncludes . i ts i nk i n your plan’s i You should . . " . lable i neup ® i nk i BrokerageL To enroll, and for more information about n your plan’s standard l n your plan’s i gives you the to invest in an opportunity expanded gives ® nvestments and share classes that are ava nvestments and share classes i

fiduciary neither evaluates nor monitors the investments fiduciary neither evaluates Fidelity BrokerageLink Fidelity

horizon, and risk tolerance. risk and horizon,

he plan he me nvestments beyond those nvestments beyond those T investments you select are suitable for your situation, including your goals, investments you select are Plan's BrokerageLink fact sheet, the BrokerageLink, including the ti available through BrokerageLink. It is your responsibility to ensure that the available through BrokerageLink. compare available investment and share class that is appropriate for your situation. your for appropriate is that class investment and share available range of investment choices to manage your plan. choices to manage range of investment Fidelity BrokerageLink i lineup with BrokerageLink, and determine the through available those and click on "Quick Links," thenand click on "Quick Links," select "BrokerageL brokerage commission schedule, and brochure, go to netbenef

8 Fidelity BrokerageLink® For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 Investment Options 9 Institutional Money Market Government Portfolio - ® None The fund will not impose a fee upon the sale of your shares, nor temporarily suspend your of your shares, The fund will not impose a fee upon the sale Institutional Money Market Government Portfolio - Institutional Class took place on May 14, Institutional Money Market Government Portfolio - Institutional Class took place on May ® Institutional Money Market Government Portfolio - Institutional Class expenses been reflected in the in Institutional Money Market Government Portfolio - Institutional Class expenses been reflected ® Seeks to obtain as high a level of current income as is consistent with the preservation of principal and income as is consistent with the preservation a level of current Seeks to obtain as high The Adviser normally invests at least 99.5% of the fund’s total assets in cash, U.S. Government securities and/or total assets in cash, U.S. Government securities the fund’s The Adviser normally invests at least 99.5% of 002642 You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at in the fund. Although the fund seeks to preserve could lose money by investing You Investments Money Market Government Investments Money Portfolio - Institutional Class ® 2014. Returns and expenses prior to that date are those of the Fidelity 2014. Returns and expenses prior to that date are would have been higher. shown, total returns returns would have been lower. expenses. If Fidelity had not, the returns a portion of the fund’s Fidelity is voluntarily reimbursing This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed for more prospectus of the mutual fund. Read the fund’s a brief overview This description is only intended to provide information about the fund. of the Fidelity Initial offering Class I. Had Fidelity Someone who has a low tolerance for investment risk and who wishes to keep the value of his or her investment relatively Someone who has a low tolerance for investment stable. a particular asset to reach or her bond and stock fund holdings in order Someone who is seeking to complement his allocation. ● ● ● ● ●

Footnotes: Fund Risk: or guaranteed by the Federal investment in the fund is not insured it cannot guarantee it will do so. An $1.00 per share, have sponsor, the fund’s Fidelity Investments and its affiliates, governmentDeposit Insurance Corporation or any other agency. financial fund, and you should not expect that the sponsor will provide financial support to the no legal obligation to provide support to the fund at any time. conditions or other weekly liquid assets fall below 30% of its total assets because of market if the fund’s ability to sell shares quality of an A decline in the credit market security to decrease. can cause the price of a money rate increases factors. Interest for a security can cause the price of a money market structure support or a maturity-shortening of credit issuer or a provider security to decrease. Fund short term trading fees: Who may want to invest: Fidelity VRS Code: Fund Objective: for the fund. prescribed liquidity within the limitations Fund Strategy: or government securities). Certain issuers of U.S. collateralized fully (i.e., collateralized by cash that are agreements repurchase neither issued nor guaranteed by the are but their securities by Congress or chartered sponsored Government securities are for money market funds for the quality, requirements regulatory in compliance with industry-standard Investing U.S. Treasury. and price, liquidity, maintaining a stable $1.00 share of investments. The Adviser stresses liquidity and diversification maturity, securities and repurchase assets in U.S. Government at least 80% of the fund’s income. In addition the Adviser normally invests for those securities. agreements Before investing in any mutual fund, consider the investment objectives, the investment fund, consider in any mutual investing Before Fidelity for a mutual fund and expenses. Contact risks, charges, containing this prospectus if available, a summary or, prospectus Read it carefully. information. Investment Options Investment 10 Investment Options ● ● ● ● ● purposes infixedincomesecurities itregards asbonds. the Advisertobeofcomparable quality. Thefundalso investsatleast80%ofitsnetassetsplusborrowings forinvestment 20% ofthefund’s netassetsmaybeinvestedinsecurities ratedbelowinvestmentgradeorunratedsecuritiesdeterminedby investment gradefixedincomesecurities orunratedsecuritiesdeterminedbytheAdvisertobeof comparable quality. Upto Fund Strategy: Fund Objective: VRS Code: Metropolitan West Total BondFundPlanClass Return Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm Contract issuersasaconditionfortheissuer’s promise topaycertainwithdrawalsandexchangesatbookvalue. exchange toanon-competingfundfor90days.Whiletheserequirements mayseemrestrictive, theyare imposedbythe Contracts prohibit youfrom makingadirect exchangefrom thisfundtosuchcompetingfunds.Instead,youmustfirst lifecycle fundsandbrokerage window)maybedeemedbytheContractissuersto"compete"withthisfund.Thetermsof Certain investmentoptionsoffered byyourplan(e.g.,moneymarketfunds,shorttermbondcertainassetallocation/ product maybefoundintheprospectus orotherproduct materials,ifavailable. market valueofthefund’s securities,whichmaybelessthanyourbookvaluebalance.Additionalriskinformationforthis of adivision,facilityclosings,planterminations,partialchangesinlawsorregulations) maybepaidatthe certain restrictions. Forexample,withdrawalsprompted bycertainevents(e.g.,layoffs, earlyretirement windows,spin-offs, sale issuers’ promise topaysuchwithdrawalsandexchangesatbookvalue,theContractssubjectfunditsparticipants of certainwithdrawalsandexchangesatbookvalueduringthetermsContracts.Inorder tomaintaintheContract preserve yourprincipalinvestment,itispossibletolosemoneybyinvestinginthisfund.TheContractsprovide forthepayment over timebyperiodicallyadjustingtheinterest ratecredited tothefundunderContracts.However, whilethefundseeksto is noimmediaterecognition ofinvestmentgainsandlossesonthefund’s securities.Instead,gainsandlossesare recognized fixed incomesecuritiesatbookvalue(principalplusinterest accruedtodate).Through theuseofbookvalueaccounting,there trustee, theFDIC,oranyothergovernmentagency. TheContractspurchased bythefundpermittoaccount forthe such Contractsandsecurities.Aninvestmentinthefundisnotinsured orguaranteedbythemanager(s),plansponsor, the Fund Risk: invest intraditionalGICs.TheFundutilizeshighcredit qualitystablevaluecontractissuers,withanemphasisondiversification. allow Fundparticipantstotransactatbookvalue.Thewillholdcashinorder tomaintainsufficient liquidity, andmayalso ThemajorityoftheFund’s assetswillbeinvestedinfixedincomeportfoliosthatare wrappedbystablevaluecontractswhich ample naturalliquidity. diversification across sectorsandissuerstoreduce risk,neutraldurationpositioning,andaladdered portfoliostructure for based approach toportfoliomanagement.Galliard’s fixedincomeportfoliosemphasizehighqualityspread sectors, investment philosophyistobuildaportfolioofrealizable yieldthrough bottom-up,fundamentalresearch, utilizingateam- investing process tobuildahighqualityportfoliowithbroad diversificationandanemphasisonriskmanagement.Thecore Fund Strategy: bond funds. The Fundisdesignedforinvestorsseekingmore incomethanmoneymarketfundswithoutthepricefluctuationofstockor Fund Objective: VRS Code: Wells Fargo StableValue FundE the Poolitself.Pleaserefer toaPool’s offering materialsforinformationregarding its’feesandexpenses. actual returns. CalculationmethodologiesutilizedbyMorningstarmaydiffer from thoseappliedbyotherentities,including expenses ofthisshare class(whenthisshare class’s feesandexpensesare higher.) Theadjustedhistoricalreturns are not share classofthePoolwithreported expensesandaninceptiondateof10/01/1985,adjustedtoreflect thefeesand inception of11/02/1998.Thereturns are provided byMorningstarandreflect thehistoricalperformanceofoldest,eligible The analysisonthesepagesmaybebased,inpart,adjustedhistorical returns forperiods priortotheclass’s actual This investmentoptionisnotamutualfund. a briefoverviewofthefund. The investmentoptionisastablevaluefund.ItmanagedbyWells Fargo Bank.Thisdescriptionisonlyintendedtoprovide Someone whoisinterested inbalancinganaggressive portfoliowithaninvestmentthatseekstoprovide stabilityofprice. accept slightlymore investmentrisk. Someone whoseeksaslightlyhigheryieldoverthelongtermthanisoffered bymoneymarketfunds,butwhoiswillingto The Contractsandsecuritiespurchased forthefundare backedsolelybythefinancialresources oftheissuers 889080 882736 The fundpursuesitsobjectivebyinvesting,undernormalcircumstances, atleast80%ofits net assetsin The Fund’s underlyingfixedincomestrategyismanagedinaconservativestylethatutilizesdisciplinedvalue The investmentseekstomaximizelong-termtotalreturn. The Fundseekssafetyofprincipalandconsistencyreturns whileattemptingtomaintainminimalvolatility. None Investment Options For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 11 None None The investment seeks to track the performance of the Bloomberg Barclays U.S. Aggregate Float Adjusted U.S. Aggregate Barclays of the Bloomberg The investment seeks to track the performance This index measures the performance of a wide spectrum of public, investment-grade, taxable, fixed income the performance of a wide spectrum This index measures 844511 In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, rate risk. (As interest income securities carry interest In general the bond market is volatile, and fixed In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, (As interest rate risk. securities carry interest and fixed income bond market is volatile, In general the Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share an increase dividends rather than through the form of interest primarily in Someone who is seeking potential returns price. conservative investment option. Someone who is seeking to diversify an equity portfolio with a more This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed for more prospectus a brief overview of the mutual fund. Read the fund’s This description is only intended to provide information about the fund. the total universe of public, investment-grade, Float Adjusted Index measures U.S. Aggregate Barclays The Bloomberg international dollar-denominated taxable, fixed income securities in the United States-including government, corporate, and 1 year. than bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more actual to the class’s for periods prior The analysis on these pages may be based, in part, on adjusted historical returns fund, with class of the the historical performance of the oldest share reflect inception of 09/18/1995. These calculated returns fees and class’s class (when this share the fees and expenses of this share an inception date of 12/11/1986, adjusted to reflect fees and expenses. These adjusted for information regarding prospectus to a fund’s Please refer higher.) expenses are those applied by from Calculation methodologies utilized by Morningstar may differ not actual returns. are historical returns other entities, including the fund itself. This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed for more prospectus fund. Read the fund’s a brief overview of the mutual intended to provide This description is only information about the fund. actual for periods prior to the class’s in part, on adjusted historical returns The analysis on these pages may be based, class of the fund, with historical performance of the oldest share the reflect inception of 07/29/2011. These calculated returns and fees class’s class (when this share fees and expenses of this share the reflect an inception date of 03/31/1997, adjusted to fees and expenses. These adjusted for information regarding prospectus to a fund’s Please refer higher.) expenses are those applied by from by Morningstar may differ Calculation methodologies utilized not actual returns. are historical returns other entities, including the fund itself. Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share an increase rather than through dividends primarily in the form of interest potential returns Someone who is seeking price. investment option. conservative to diversify an equity portfolio with a more Someone who is seeking ● ● ● ● ● ● ● ● ● Who may want to invest: Fund Risk: securities.) Fixed income for longer-term pronounced usually more is effect bond prices usually fall, and vice versa. This risks for both issuers and counterparties. Unlike individual bonds, most and default securities also carry inflation risk and credit avoiding losses caused by price volatility by holding them until maturity is not bond funds do not have a maturity date, so materials, if available. or other product may be found in the prospectus product possible. Additional risk information for this Fund short term trading fees: Footnotes: Bond Market Index Fund Institutional Shares Total Vanguard VRS Code: Fund Objective: Index. Fund Strategy: bonds, as well as corporate, and international dollar-denominated securities in the United States-including government, investments will be All of the fund’s than 1 year. with maturities of more mortgage-backed and asset-backed securities-all assets will be invested in bonds held in the index. and at least 80% of its the sampling process, selected through Footnotes: Fund Risk: bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities.) longer-term for pronounced is usually more versa. This effect usually fall, and vice bond prices bonds, most Unlike individual both issuers and counterparties. and default risks for credit carry inflation risk and securities also is not by price volatility by holding them until maturity a maturity date, so avoiding losses caused bond funds do not have to risk of default or price changes due involve greater debt securities that invest in lower-quality possible. The fund may currency-exchange-rate, to interest-rate, subject are securities Foreign quality of the issuer. credit potential changes in the Additional risk information for this product markets. risks, all of which may be magnified in emerging economic, and political materials, if available. or other product may be found in the prospectus Fund short term trading fees: Who may want to invest: 12 Investment Options ● ● ● ● ● ● ● capitalizations oflessthan$4billion atthetimeofpurchase. companies withmarketcapitalizationsequaltothosewithintheuniverse oftheRussell2000 companies. "Assets"meansnetassets,plustheamountofborrowings forinvestmentpurposes. Smallcapcompaniesare Fund Strategy: Fund Objective: VRS Code: JPMorgan SmallCapEquityFundClassR6 Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm information forthisproduct maybefoundintheprospectus orotherproduct materials,ifavailable. regulatory, market,economicorotherdevelopments.Theserisksmaybemagnifiedinforeign markets.Additionalrisk for longperiodsoftime.Stockmarketsare volatileandcandeclinesignificantlyinresponse toadverseissuer, political, Fund Risk: primarily insecuritiesoflarge capcompanies,itmayinvestinequityinvestmentsofcompaniesacross allmarketcapitalizations. common stock."Assets"meansnetassets,plustheamountofborrowings forinvestmentpurposes.Althoughthefundinvests corporations thatregularly paydividends,includingcommonstocksanddebtsecuritiespreferred stockconvertibleto Fund Strategy: Fund Objective: VRS Code: JPMorgan EquityIncomeFundClassR6 Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm economic, andpoliticalrisks. political, regulatory, market,oreconomicdevelopments.Foreign securitiesare subjecttointerest rate,currency exchangerate, Fund Risk: issuer’s financialconditionandindustryposition,aswellmarketeconomicconditions,toselectinvestments. issuers. Investingineither"growth" stocksor"value"both.Usingfundamentalanalysisoffactorssuchaseach Management &Research CompanyLLC(FMR)believesisnotfullyrecognized bythepublic.Investingindomesticandforeign Fund Strategy: Fund Objective: VRS Code: Fidelity other entities,includingthefunditself. historical returns are notactualreturns. CalculationmethodologiesutilizedbyMorningstarmaydiffer from thoseappliedby expenses are higher.) Pleaserefer toafund’s prospectus forinformationregarding feesandexpenses.Theseadjusted an inceptiondateof07/02/1987,adjustedtoreflect thefeesandexpensesofthisshare class(whenthisshare class’s feesand inception of01/31/2012.Thesecalculatedreturns reflect thehistoricalperformanceofoldestshare classofthefund,with The analysisonthesepagesmaybebased,inpart,adjustedhistoricalreturns forperiodspriortotheclass’s actual information aboutthefund. This descriptionisonlyintendedtoprovide abriefoverviewofthemutualfund.Readfund’s prospectus formore detailed Someone whoiscomfortablewiththevolatilityoflarge-cap stocksandvalue-styleinvestments. Someone whoisseekingthepotentialforlong-termshare-price appreciation and,secondarily, dividendincome. information aboutthefund. This descriptionisonlyintendedtoprovide abriefoverviewofthemutualfund.Readfund’s prospectus formore detailed Someone whoiswillingtoacceptthegenerallygreater pricevolatilityassociatedwithgrowth-oriented stocks. Someone whoisseekingthepotentialforlong-termshare-price appreciation. ® Contrafund Value stockscanperformdifferently thanothertypesofstocksandcancontinuetobeundervaluedbythemarket Stock markets,especiallyforeign markets,are volatileandcandeclinesignificantlyinresponse toadverseissuer, 857770 826649 002946 Under normalcircumstances, thefundinvestsatleast80%ofitsassetsinequitysecurities smallcap Under normalcircumstances, atleast80%ofthefund’s assetswillbeinvestedintheequitysecuritiesof Normally investingprimarilyincommonstocks.InvestingsecuritiesofcompanieswhosevalueFidelity The investmentseekscapitalgrowth overthelongterm. The investmentseekscapitalappreciation andcurrent income. Seeks capitalappreciation. ® K6 None None ® Indexstocksand/orwithmarket Investment Options For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 13 None None The investment seeks to achieve both capital appreciation and current income. and current appreciation The investment seeks to achieve both capital The fund’s objective is to achieve both capital appreciation and current income by investing primarily in a and current objective is to achieve both capital appreciation The fund’s 819861 Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. stocks can be more Growth other types of stocks. from stocks can perform differently and growth Value The securities of smaller, less well-known companies can be more volatile than those of larger companies. Value companies. than those of larger volatile companies can be more less well-known of smaller, The securities Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income. and, secondarily, appreciation share-price Someone who is seeking the potential for long-term investments and who is willing to accept the volatility associated with and value-style Someone who is seeking both growth- investing in the stock market. detailed for more prospectus a brief overview of the mutual fund. Read the fund’s This description is only intended to provide information about the fund. actual to the class’s for periods prior The analysis on these pages may be based, in part, on adjusted historical returns fund, with class of the the historical performance of the oldest share reflect inception of 04/28/2006. These calculated returns fees and class’s class (when this share the fees and expenses of this share an inception date of 08/31/1992, adjusted to reflect fees and expenses. These adjusted for information regarding prospectus to a fund’s Please refer higher.) expenses are those applied by from Calculation methodologies utilized by Morningstar may differ not actual returns. are historical returns other entities, including the fund itself. This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed for more prospectus fund. Read the fund’s a brief overview of the mutual intended to provide This description is only fund. information about the of U.S. index of 2,000 small company stocks is an unmanaged market capitalization-weighted The Russell 2000 Index domiciled companies. actual for periods prior to the class’s in part, on adjusted historical returns The analysis on these pages may be based, class of the fund, with historical performance of the oldest share the reflect inception of 05/31/2016. These calculated returns and fees class’s class (when this share fees and expenses of this share the reflect an inception date of 12/20/1994, adjusted to fees and expenses. These adjusted for information regarding prospectus to a fund’s Please refer higher.) expenses are those applied by from by Morningstar may differ Calculation methodologies utilized not actual returns. are historical returns other entities, including the fund itself. Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income. secondarily, and, appreciation the potential for long-term share-price Someone who is seeking volatility is willing to accept the generally greater and value-style investments and who both growth- Someone who is seeking companies. of investments in smaller ● ● ● ● ● ● ● ● ● Who may want to invest: Footnotes: Fund Risk: volatile and can decline by the market for long periods of time. Stock markets are stocks can continue to be undervalued Value may be market, economic or other developments. These risks political, regulatory, to adverse issuer, significantly in response or other product may be found in the prospectus for this product markets. Additional risk information magnified in foreign materials, if available. Fund short term trading fees: Shares Parnassus Equity Fund - Institutional Core VRS Code: Fund Objective: Fund Strategy: stock. Under normal circumstances, securities include common and preferred diversified portfolio of equity securities. Equity for investment purposes) in equity securities. At least net assets (plus borrowings the fund will invest a minimum of 80% of its or dividends. total assets will normally be invested in equity securities that pay interest 75% of the fund’s Footnotes: Fund Risk: and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks can Value volatile. stocks can be more Growth other types of stocks. from perform differently stocks can and growth significantly in volatile and can decline are of time. Stock markets market for long periods be undervalued by the continue to risks may be magnified in economic or other developments. These market, political, regulatory, to adverse issuer, response materials, if or other product may be found in the prospectus information for this product markets. Additional risk foreign available. Fund short term trading fees: Who may want to invest: 14 Investment Options ● ● ● ● ● ● ● ● ● Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm materials, ifavailable. magnified inforeign markets.Additionalriskinformationforthisproduct maybefoundintheprospectus orotherproduct significantly inresponse toadverseissuer, political, regulatory, market,economicorotherdevelopments.Theserisksmaybe Value stockscancontinuetobeundervaluedbythemarket forlongperiodsoftime.Stockmarketsare volatileandcandecline Fund Risk: index, holdingeachstockinapproximately thesameproportion asitsweightingintheindex. advisor attemptstoreplicate thetarget indexbyinvestingall,orsubstantiallyofitsassetsinthestocksthatmakeup a widelyrecognized benchmarkofU.S.stockmarketperformancethatisdominatedbythestockslarge U.S.companies.The Fund Strategy: large-capitalization stocks. Fund Objective: VRS Code: Vanguard InstitutionalIndexFundShares Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm available. foreign markets.Additionalriskinformationforthisproduct maybefoundintheprospectus orotherproduct materials,if response toadverseissuer, political,regulatory, market,economicorotherdevelopments.Theserisksmaybemagnifiedin companies canbemore volatilethanthoseoflarger companies.Stockmarketsare volatileandcandeclinesignificantlyin Value stockscancontinuetobeundervaluedbythemarketforlongperiodsoftime.Thesecuritiessmaller, lesswell-known Fund Risk: measures, suchasprice/earningsratioanddividendyield. characteristics. Thesecharacteristicsincludeindustryweightingsandmarketcapitalization,aswellcertainfinancial that itholdsabroadly diversifiedcollectionofsecuritiesthat,intheaggregate, approximates thefullindexintermsofkey Index, abroadly diversifiedindexofstockssmallandmid-sizeU.S.companies.Itinvestsbysamplingtheindex,meaning Fund Strategy: mid-capitalization stocks. Fund Objective: VRS Code: Vanguard ExtendedMarketIndexFundInstitutionalShares group representation torepresent U.S.equityperformance. S&P 500Indexisamarketcapitalization-weighted indexof500commonstockschosenformarketsize, liquidity, andindustry information aboutthefund. This descriptionisonlyintended to provide abriefoverview ofthemutualfund.Readfund’s prospectus for more detailed investing inthestockmarket. Someone whoisseekingbothgrowth- andvalue-styleinvestmentswhoiswillingtoaccept thevolatilityassociatedwith Someone whoisseekingthepotentialforlong-termshare-price appreciation and,secondarily, dividendincome. other entities,includingthefunditself. historical returns are notactualreturns. CalculationmethodologiesutilizedbyMorningstarmaydiffer from thoseappliedby expenses are higher.) Pleaserefer toafund’s prospectus forinformationregarding feesandexpenses. Theseadjusted an inceptiondateof12/21/1987,adjustedtoreflect thefeesandexpensesofthisshare class(whenthisshare class’s feesand inception of07/07/1997.Thesecalculatedreturns reflect thehistoricalperformanceofoldestshare classofthefund,with The analysisonthesepagesmaybebased,inpart,adjustedhistoricalreturns forperiodspriortotheclass’s actual Exchanges andtheNasdaqover-the-counter market,exceptthosestocksincludedintheS&P500Index. The S&PCompletionIndexcontainsalloftheU.S.commonstocksregularly tradedontheNewYork andAmerican Stock information aboutthefund. This descriptionisonlyintendedtoprovide abriefoverviewofthemutualfund.Readfund’s prospectus formore detailed of investmentsinsmallercompanies. Someone whoisseekingbothgrowth- andvalue-styleinvestmentswhoiswillingtoacceptthegenerallygreater volatility Someone whoisseekingthepotentialforlong-termshare-price appreciation and,secondarily, dividendincome. Value andgrowth stockscanperformdifferently from othertypesofstocks.Growth stockscanbemore volatile. Value andgrowth stockscanperformdifferently from othertypesofstocks.Growth stockscanbemore volatile. 893556 847830 The fundemploysanindexinginvestmentapproach designedtotracktheperformanceofS&P500Index, The fundemploysanindexinginvestmentapproach designedtotracktheperformanceofS&PCompletion The investmentseekstotracktheperformanceofS&P500Indexthatmeasures theinvestmentreturn of The investmentseekstotracktheS&PCompletionIndexthatmeasures theinvestmentreturn ofsmall-and None None Investment Options For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 15 None None Seeks to provide capital appreciation and current income consistent with its current asset allocation. income consistent with its current and current capital appreciation Seeks to provide The investment seeks to track the performance of a benchmark index that measures the investment return of the investment return of a benchmark index that measures The investment seeks to track the performance Seeks long-term growth of capital. Seeks long-term growth The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planning The trust invests in Vanguard The fund employs an indexing investment approach designed to track the performance of the FTSE Global All The fund employs an indexing investment approach Normally investing at least 80% of assets in non-U.S. securities. Normally investing primarily in common stocks. 80% of assets in non-U.S. securities. Normally Normally investing at least 882757 877800 002099 Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which economic, currency-exchange-rate, subject to interest-rate, securities are Foreign Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, in response volatile and can decline significantly markets, are foreign Stock markets, especially Overseas Fund - Class K Overseas ® This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed for more prospectus a brief overview of the mutual fund. Read the fund’s This description is only intended to provide information about the fund. benchmark their The FTSE Global All Cap ex US Index is part of a range of indices designed to help US investors the US. mid and small cap stocks globally excluding international investments. The index comprises large, actual to the class’s for periods prior The analysis on these pages may be based, in part, on adjusted historical returns fund, with class of the the historical performance of the oldest share reflect inception of 11/29/2010. These calculated returns fees and class’s class (when this share the fees and expenses of this share an inception date of 04/29/1996, adjusted to reflect fees and expenses. These adjusted for information regarding prospectus to a fund’s Please refer higher.) expenses are those applied by from Calculation methodologies utilized by Morningstar may differ not actual returns. are historical returns other entities, including the fund itself. Someone who is seeking to complement a portfolio of domestic investments with international investments, which can with international investments, which to complement a portfolio of domestic investments Someone who is seeking behave differently. investing overseas. of risk associated with to accept the higher degree Someone who is willing detailed for more prospectus of the mutual fund. Read the fund’s a brief overview This description is only intended to provide information about the fund. those of Returns and expenses prior to that date are (K) class took place. of the retirement On May 9, 2008, an initial offering would have been higher. shown, total returns in the returns been reflected the non-K, non-advisor class. Had K class expenses of domestic investments with international investments, which can Someone who is seeking to complement a portfolio behave differently. of risk associated with investing overseas. Someone who is willing to accept the higher degree ● ● ● ● ● ● ● ● ● I 2015 Trust Retirement Target Vanguard VRS Code: Fund Objective: Fund Strategy: year). Within in or within a few years of 2015 (the target the trust’s seven years after 2015, and leave the workforce to retire will vary. I. Unit price and return Income Trust Retirement that of the Target asset allocation should resemble Footnotes: Fund Risk: International Stock Index Fund Institutional Shares Total Vanguard VRS Code: Fund Objective: markets, excluding the United States. and emerging stocks issued by companies located in developed Fund Strategy: equity market performance of index designed to measure Cap ex US Index, a float-adjusted market-capitalization-weighted excluding the United States. It invests all, or substantially all, of its markets, companies located in developed and emerging index. assets in the common stocks included in its target other types of stocks. Growth from stocks can perform differently growth and markets. Value may be magnified in emerging to be undervalued by the market for long periods of time. Stock markets stocks can continue volatile. Value stocks can be more market, economic or other political, regulatory, issuer, to adverse volatile and can decline significantly in response are materials, if or other product may be found in the prospectus this product developments. Additional risk information for available. Fund short term trading fees: Who may want to invest: Footnotes: Who may want to invest: Fund Risk: exchange rate, currency subject to interest are securities market, or economic developments. Foreign political, regulatory, markets. magnified in emerging risks, all of which are rate, economic, and political Fund short term trading fees: Fidelity VRS Code: Fund Objective: Fund Strategy: 16 Investment Options ● ● ● ● ● ● ● ● asset allocationshouldresemble thatoftheTarget Retirement IncomeTrust I.Unitpriceandreturn willvary. to retire andleavetheworkforce sevenyearsafter2025,thetrust’s inorwithinafewyearsof2025(thetarget year).Within Fund Strategy: Fund Objective: VRS Code: Vanguard Target Retirement 2025Trust I Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm if available. after theirtarget dates.Additionalriskinformationforthisproduct maybefoundintheprospectus orotherproduct materials, with investinginhigh-yield,small-cap,andforeign securities.Principalinvestedisnotguaranteedatanytime,includingor markets, includingthatofequityandfixedincomeinvestmentsintheU.S.abroad, andmaybesubjecttorisksassociated risk ofeachtarget datefundchangesovertimeasitsassetallocationchanges.Theyare subjecttothevolatilityoffinancial The fundsare managedtograduallybecomemore conservativeovertimeastheyapproach theirtarget date.Theinvestment Fund Risk: asset allocationshouldresemble thatoftheTarget Retirement IncomeTrust I.Unitpriceandreturn willvary. to retire andleavetheworkforce sevenyearsafter2020,thetrust’s inorwithinafewyearsof2020(thetarget year).Within Fund Strategy: Fund Objective: VRS Code: Vanguard Target Retirement 2020Trust I Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm if available. after theirtarget dates.Additionalriskinformationforthisproduct maybefoundintheprospectus orotherproduct materials, with investinginhigh-yield,small-cap,andforeign securities.Principalinvestedisnotguaranteedatanytime,includingor markets, includingthatofequityandfixedincomeinvestmentsintheU.S.abroad, andmaybesubjecttorisksassociated risk ofeachtarget datefundchangesovertimeasitsassetallocationchanges.Theyare subjecttothevolatilityoffinancial The fundsare managedtograduallybecomemore conservativeovertimeastheyapproach theirtarget date.Theinvestment Fund Risk: This investmentoptionisnotamutualfund. provide abriefoverviewofthefund. The investmentoptionisacollectivetrust.ItmanagedbyVanguard. Thisdescriptionisonlyintendedto does notfeelcomfortablemakingassetallocationchoicesovertime. Someone whoisseekingadiversifiedmixofstocks,bonds,andshort-terminvestmentsinoneinvestmentoptionor accept thevolatilityofmarkets. Someone whoisseekinganinvestmentoptionthatgraduallybecomesmore conservativeovertimeandwhoiswillingto This investmentoptionisnotamutualfund. provide abriefoverviewofthefund. The investmentoptionisacollectivetrust.ItmanagedbyVanguard. Thisdescriptionisonlyintendedto does notfeelcomfortablemakingassetallocationchoicesovertime. Someone whoisseekingadiversifiedmixofstocks,bonds,andshort-terminvestmentsinoneinvestmentoptionor volatility ofdiversifiedinvestmentsinthemarket. Someone whoisseekinganinvestmentoptionintendedforpeopleinorverynearretirement andwhoiswillingtoacceptthe The target datefundsare designedforinvestorsexpectingtoretire around theyearindicatedineachfund’s name. The target datefundsare designedforinvestorsexpectingtoretire around theyearindicatedineachfund’s name. 882759 882758 The trustinvestsinVanguard mutualfundsusinganassetallocationstrategydesigned forinvestorsplanning The trustinvestsinVanguard mutualfundsusinganassetallocationstrategydesignedforinvestorsplanning Seeks toprovide capitalappreciation andcurrent incomeconsistentwithitscurrent assetallocation. Seeks toprovide capitalappreciation andcurrent incomeconsistentwithitscurrent assetallocation. None None Investment Options For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 17 None None Seeks to provide capital appreciation and current income consistent with its current asset allocation. income consistent with its current and current capital appreciation Seeks to provide Seeks to provide capital appreciation and current income consistent with its current asset allocation. its current income consistent with and current capital appreciation Seeks to provide The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planning The trust invests in Vanguard The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planning mutual funds using The trust invests in Vanguard 882761 882760 The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name. in each fund’s the year indicated around retire designed for investors expecting to date funds are The target The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name. each fund’s the year indicated in around to retire for investors expecting designed are date funds The target The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to The investment option is a collective investment trust. It is managed by Vanguard. a brief overview of the fund. provide This investment option is not a mutual fund. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to that gradually becomes more Someone who is seeking an investment option accept the volatility of the markets. stocks, bonds, and short-term investments in one investment option or who Someone who is seeking a diversified mix of choices over time. does not feel comfortable making asset allocation The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to This description is only intended by Vanguard. is a collective investment trust. It is managed The investment option a brief overview of the fund. provide This investment option is not a mutual fund. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to conservative over time and who is willing more an investment option that gradually becomes Someone who is seeking the markets. accept the volatility of or who investments in one investment option a diversified mix of stocks, bonds, and short-term Someone who is seeking making asset allocation choices over time. does not feel comfortable ● ● ● ● ● ● ● ● Fund Objective: Fund Strategy: year). Within in or within a few years of 2035 (the target the trust’s seven years after 2035, and leave the workforce to retire will vary. I. Unit price and return Income Trust Retirement that of the Target asset allocation should resemble I 2035 Trust Retirement Target Vanguard VRS Code: Footnotes: Fund Objective: Fund Strategy: Within year). in or within a few years of 2030 (the target seven years after 2030, the trust’s and leave the workforce to retire will vary. I. Unit price and return Income Trust Retirement that of the Target asset allocation should resemble Fund Risk: date. The investment their target over time as they approach conservative managed to gradually become more The funds are subject to the volatility of the financial asset allocation changes. They are date fund changes over time as its risk of each target and may be subject to risks associated investments in the U.S. and abroad, markets, including that of equity and fixed income Principal invested is not guaranteed at any time, including at or securities. with investing in high-yield, small-cap, and foreign materials, or other product may be found in the prospectus this product dates. Additional risk information for after their target if available. Fund short term trading fees: I 2030 Trust Retirement Target Vanguard VRS Code: Who may want to invest: Footnotes: Fund Risk: The funds are managed to gradually become more conservative over time as they approach their target date. The investment date. their target as they approach conservative over time more to gradually become managed The funds are financial to the volatility of the subject changes. They are time as its asset allocation fund changes over date target risk of each and may be subject to risks associated the U.S. and abroad, of equity and fixed income investments in markets, including that at or is not guaranteed at any time, including securities. Principal invested small-cap, and foreign with investing in high-yield, materials, or other product the prospectus may be found in risk information for this product dates. Additional after their target if available. Fund short term trading fees: Who may want to invest: 18 Investment Options ● ● ● ● ● ● ● ● asset allocationshouldresemble thatoftheTarget Retirement IncomeTrust I.Unitpriceandreturn willvary. to retire andleavetheworkforce sevenyearsafter2045,thetrust’s inorwithinafewyearsof2045(thetarget year).Within Fund Strategy: Fund Objective: VRS Code: Vanguard Target Retirement 2045Trust I Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm if available. after theirtarget dates.Additionalriskinformationforthisproduct maybefoundintheprospectus orotherproduct materials, with investinginhigh-yield,small-cap,andforeign securities.Principalinvestedisnotguaranteedatanytime,includingor markets, includingthatofequityandfixedincomeinvestmentsintheU.S.abroad, andmaybesubjecttorisksassociated risk ofeachtarget datefundchangesovertimeasitsassetallocationchanges.Theyare subjecttothevolatilityoffinancial The fundsare managedtograduallybecomemore conservativeovertimeastheyapproach theirtarget date.Theinvestment Fund Risk: asset allocationshouldresemble thatoftheTarget Retirement IncomeTrust I.Unitpriceandreturn willvary. to retire andleavetheworkforce sevenyearsafter2040,thetrust’s inorwithinafewyearsof2040(thetarget year).Within Fund Strategy: Fund Objective: VRS Code: Vanguard Target Retirement 2040Trust I Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm if available. after theirtarget dates.Additionalriskinformationforthisproduct maybefoundintheprospectus orotherproduct materials, with investinginhigh-yield,small-cap,andforeign securities.Principalinvestedisnotguaranteedatanytime,includingor markets, includingthatofequityandfixedincomeinvestmentsintheU.S.abroad, andmaybesubjecttorisksassociated risk ofeachtarget datefundchangesovertimeasitsassetallocationchanges.Theyare subjecttothevolatilityoffinancial The fundsare managedtograduallybecomemore conservativeovertimeastheyapproach theirtarget date.Theinvestment Fund Risk: This investmentoptionisnotamutualfund. provide abriefoverviewofthefund. The investmentoptionisacollectivetrust.ItmanagedbyVanguard. Thisdescriptionisonlyintendedto does notfeelcomfortablemakingassetallocationchoicesovertime. Someone whoisseekingadiversifiedmixofstocks,bonds,andshort-terminvestmentsinoneinvestmentoptionor accept thevolatilityofmarkets. Someone whoisseekinganinvestmentoptionthatgraduallybecomesmore conservativeovertimeandwhoiswillingto This investmentoptionisnotamutualfund. provide abriefoverviewofthefund. The investmentoptionisacollectivetrust.ItmanagedbyVanguard. Thisdescriptionisonlyintendedto does notfeelcomfortablemakingassetallocationchoicesovertime. Someone whoisseekingadiversifiedmixofstocks,bonds,andshort-terminvestmentsinoneinvestmentoptionor accept thevolatilityofmarkets. Someone whoisseekinganinvestmentoptionthatgraduallybecomesmore conservativeovertimeandwhoiswillingto The target datefundsare designedforinvestorsexpectingtoretire around theyearindicatedineachfund’s name. The target datefundsare designedforinvestorsexpectingtoretire around theyearindicatedineachfund’s name. 882763 882762 The trustinvestsinVanguard mutualfundsusinganassetallocationstrategydesigned forinvestorsplanning The trustinvestsinVanguard mutualfundsusinganassetallocationstrategydesignedforinvestorsplanning Seeks toprovide capitalappreciation andcurrent incomeconsistentwithitscurrent assetallocation. Seeks toprovide capitalappreciation andcurrent incomeconsistentwithitscurrent assetallocation. None None Investment Options For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 19 None None Seeks to provide capital appreciation and current income consistent with its current asset allocation. income consistent with its current and current capital appreciation Seeks to provide Seeks to provide capital appreciation and current income consistent with its current asset allocation. its current income consistent with and current capital appreciation Seeks to provide The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planning The trust invests in Vanguard The trust invests in Vanguard mutual funds using an asset allocation strategy designed for investors planning mutual funds using The trust invests in Vanguard 882765 882764 The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name. in each fund’s the year indicated around retire designed for investors expecting to date funds are The target The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name. each fund’s the year indicated in around to retire for investors expecting designed are date funds The target The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to The investment option is a collective investment trust. It is managed by Vanguard. a brief overview of the fund. provide This investment option is not a mutual fund. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to that gradually becomes more Someone who is seeking an investment option accept the volatility of the markets. stocks, bonds, and short-term investments in one investment option or who Someone who is seeking a diversified mix of choices over time. does not feel comfortable making asset allocation The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to This description is only intended by Vanguard. is a collective investment trust. It is managed The investment option a brief overview of the fund. provide This investment option is not a mutual fund. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to conservative over time and who is willing more an investment option that gradually becomes Someone who is seeking the markets. accept the volatility of or who investments in one investment option a diversified mix of stocks, bonds, and short-term Someone who is seeking making asset allocation choices over time. does not feel comfortable ● ● ● ● ● ● ● ● Fund Objective: Fund Strategy: year). Within in or within a few years of 2055 (the target the trust’s seven years after 2055, and leave the workforce to retire will vary. I. Unit price and return Income Trust Retirement that of the Target asset allocation should resemble I 2055 Trust Retirement Target Vanguard VRS Code: Footnotes: Fund Objective: Fund Strategy: Within year). in or within a few years of 2050 (the target seven years after 2050, the trust’s and leave the workforce to retire will vary. I. Unit price and return Income Trust Retirement that of the Target asset allocation should resemble Fund Risk: date. The investment their target over time as they approach conservative managed to gradually become more The funds are subject to the volatility of the financial asset allocation changes. They are date fund changes over time as its risk of each target and may be subject to risks associated investments in the U.S. and abroad, markets, including that of equity and fixed income Principal invested is not guaranteed at any time, including at or securities. with investing in high-yield, small-cap, and foreign materials, or other product may be found in the prospectus this product dates. Additional risk information for after their target if available. Fund short term trading fees: I 2050 Trust Retirement Target Vanguard VRS Code: Who may want to invest: Footnotes: Fund Risk: The funds are managed to gradually become more conservative over time as they approach their target date. The investment date. their target as they approach conservative over time more to gradually become managed The funds are financial to the volatility of the subject changes. They are time as its asset allocation fund changes over date target risk of each and may be subject to risks associated the U.S. and abroad, of equity and fixed income investments in markets, including that at or is not guaranteed at any time, including securities. Principal invested small-cap, and foreign with investing in high-yield, materials, or other product the prospectus may be found in risk information for this product dates. Additional after their target if available. Fund short term trading fees: Who may want to invest: 20 Investment Options ● ● ● ● ● ● ● ● asset allocationshouldresemble thatoftheTarget Retirement IncomeTrust I.Unitpriceandreturn willvary. to retire andleavetheworkforce sevenyearsafter2065,thetrust’s inorwithinafewyearsof2065(thetarget year).Within Fund Strategy: Fund Objective: VRS Code: Vanguard Target Retirement 2065Trust I Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm if available. after theirtarget dates.Additionalriskinformationforthisproduct maybefoundintheprospectus orotherproduct materials, with investinginhigh-yield,small-cap,andforeign securities.Principalinvestedisnotguaranteedatanytime,includingor markets, includingthatofequityandfixedincomeinvestmentsintheU.S.abroad, andmaybesubjecttorisksassociated risk ofeachtarget datefundchangesovertimeasitsassetallocationchanges.Theyare subjecttothevolatilityoffinancial The fundsare managedtograduallybecomemore conservativeovertimeastheyapproach theirtarget date.Theinvestment Fund Risk: asset allocationshouldresemble thatoftheTarget Retirement IncomeTrust I.Unitpriceandreturn willvary. to retire andleavetheworkforce sevenyearsafter2060,thetrust’s inorwithinafewyearsof2060(thetarget year).Within Fund Strategy: Fund Objective: VRS Code: Vanguard Target Retirement 2060Trust I Footnotes: Who maywanttoinvest: tradingfees: Fund shortterm if available. after theirtarget dates.Additionalriskinformationforthisproduct maybefoundintheprospectus orotherproduct materials, with investinginhigh-yield,small-cap,andforeign securities.Principalinvestedisnotguaranteedatanytime,includingor markets, includingthatofequityandfixedincomeinvestmentsintheU.S.abroad, andmaybesubjecttorisksassociated risk ofeachtarget datefundchangesovertimeasitsassetallocationchanges.Theyare subjecttothevolatilityoffinancial The fundsare managedtograduallybecomemore conservativeovertimeastheyapproach theirtarget date.Theinvestment Fund Risk: This investmentoptionisnotamutualfund. provide abriefoverviewofthefund. The investmentoptionisacollectivetrust.ItmanagedbyVanguard. Thisdescriptionisonlyintendedto does notfeelcomfortablemakingassetallocationchoicesovertime. Someone whoisseekingadiversifiedmixofstocks,bonds,andshort-terminvestmentsinoneinvestmentoptionor accept thevolatilityofmarkets. Someone whoisseekinganinvestmentoptionthatgraduallybecomesmore conservativeovertimeandwhoiswillingto This investmentoptionisnotamutualfund. provide abriefoverviewofthefund. The investmentoptionisacollectivetrust.ItmanagedbyVanguard. Thisdescriptionisonlyintendedto does notfeelcomfortablemakingassetallocationchoicesovertime. Someone whoisseekingadiversifiedmixofstocks,bonds,andshort-terminvestmentsinoneinvestmentoptionor accept thevolatilityofmarkets. Someone whoisseekinganinvestmentoptionthatgraduallybecomesmore conservativeovertimeandwhoiswillingto The target datefundsare designedforinvestorsexpectingtoretire around theyearindicatedineachfund’s name. The target datefundsare designedforinvestorsexpectingtoretire around theyearindicatedineachfund’s name. 882767 882766 The trustinvestsinVanguard mutualfundsusinganassetallocationstrategydesigned forinvestorsplanning The trustinvestsinVanguard mutualfundsusinganassetallocationstrategydesignedforinvestorsplanning Seeks toprovide capitalappreciation andcurrent incomeconsistentwithitscurrent assetallocation. Seeks toprovide capitalappreciation andcurrent incomeconsistentwithitscurrent assetallocation. None None Investment Options For more information visit www.netbenefits.com/saccounty or call 1-800-343-0860 21 None None Seeks to provide current income and some capital appreciation. current Seeks to provide The trust invests in Vanguard mutual funds according to an asset allocation strategy designed for investors to an mutual funds according The trust invests in Vanguard 882756 The fund is subject to the volatility of the financial markets, including that of equity and fixed income investments. The fund is subject to the volatility of the financial The target date funds are designed for investors expecting to retire around the year indicated in each fund’s name. each fund’s the year indicated in around to retire for investors expecting designed are date funds The target The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to trust. It is managed by Vanguard. The investment option is a collective investment a brief overview of the fund. provide This investment option is not a mutual fund. Someone who is seeking an investment option intended for people in retirement and who is willing to accept the volatility of intended for people in retirement Someone who is seeking an investment option diversified investments in the market. stocks, bonds, and short-term investments in one investment option and looking Someone who is seeking a diversified mix of appreciation. for share-price primarily for the potential for income and, secondarily, The investment option is a collective investment trust. It is managed by Vanguard. This description is only intended to This description is only intended by Vanguard. is a collective investment trust. It is managed The investment option a brief overview of the fund. provide This investment option is not a mutual fund. Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to conservative over time and who is willing more an investment option that gradually becomes Someone who is seeking the markets. accept the volatility of or who investments in one investment option a diversified mix of stocks, bonds, and short-term Someone who is seeking making asset allocation choices over time. does not feel comfortable ● ● ● ● ● ● ● ● Footnotes: Fund Objective: Fund Strategy: will vary. Unit price and return in retirement. currently Fund Risk: rates rise, bond rate risk. (As interest risk, inflation risk, and interest and credit Fixed income investments carry issuer default securities.) Principal invested is not for longer-term pronounced more is usually prices usually fall, and vice versa. This effect may be found in the risk information for this product Additional retirement. guaranteed at any time, including at or after materials, if available. or other product prospectus Fund short term trading fees: I Income Trust Retirement Target Vanguard VRS Code: Who may want to invest: Footnotes: Fund Risk: The funds are managed to gradually become more conservative over time as they approach their target date. The investment date. their target as they approach conservative over time more to gradually become managed The funds are financial to the volatility of the subject changes. They are time as its asset allocation fund changes over date target risk of each and may be subject to risks associated the U.S. and abroad, of equity and fixed income investments in markets, including that at or is not guaranteed at any time, including securities. Principal invested small-cap, and foreign with investing in high-yield, materials, or other product the prospectus may be found in risk information for this product dates. Additional after their target if available. Fund short term trading fees: Who may want to invest: 22 Roth Options Roth Article-governmental457(b) monthly basis. governmental 457(b)pretax contributionson a contributions and6%toward hertraditional to put6%toward herRothgovernmental457(b) Example: are alltaxfree, ifyoumeetcertaincriteria. contributions youmake — but lateryourearnings 457(b) contribution,youpaythetaxesnowon pretax contribution,withaRothgovernmental Unlike yourtraditionalgovernmental457(b) into yourRothgovernmental457(b)account. 6% deferralamount,then$2,400peryearwouldgo compensation is$40,000peryearandyouelecta pay — for example,ifyourtotalannualeligible on youreligiblecompensation,notnet governmental 457(b).Thecontributionisbased source, justasyouwouldforyourtraditional salary thatyouwishtocontributetheRoth You electapercentage (ordollaramount)ofyour contribution optionwork? 457(b) How doesaRothgovernmental governmental 457(b)contribution. 457(b) contributions,youare eligibleforaRoth If youqualifytomaketraditionalgovernmental disabled, orhasdied. hasbecome the participanthasattainedage59½, after theyearoffirstRothcontribution withdrawal isonethatcanbetakenfivetaxyears long asthewithdrawalisaqualifiedone.A earnings completely Roth contributionstotheirplanwhiletaking after tax.Thisfeature willallowparticipantstomake payroll purposesRothcontributionsare treated as participate inthegovernmental457(b)plan.For A Rothcontributionisavailabletoemployeeswho * Contribution Option? What istheRothGovernmental457(b) in take-homepay Sally’s reduction each account contribution into Sally’s monthly tax situation. into account.Your ownresults willbebasedon your individual income taxrateof25%.Nootherpayroll deductionsare taken This hypotheticalexampleisbased solelyonanassumedfederal contributions cannotexceedtheIRS limitsfortheyear. Your combinedRothandtraditionalpretax governmental 457(b) Sally earns $40,000 and has elected Sallyearns$40,000andhaselected 457(b)* GOVERNMENTAL ROTH 20$150 $200 $200 $200 tax free atretirement — as 457(b) GOVERNMENTAL TRADITIONAL * and after after governmental 457(b). would ifyoucontributedtoatraditionalpretax home lessmoneyinyourpaycheckthanyou contributions are madeaftertax,youmaytake Remember, becauseRothgovernmental457(b) beneficial toaparticipant. type ofgovernmental457(b)savingswillbemost it isnotpossibletopredict withcertaintywhich what thefuture holdsregarding taxrates.Therefore, type ofretirement savingsplan.We donotknow governmental 457(b)willstillbethemostbeneficial Yes. Formanyparticipantsatraditionalpretax still beneficial? Is atraditionalpretax457(b) governmental are rightforyou. determine ifRothgovernmental457(b)contributions a taxprofessional formore informationonhowto beneficial toyouthantheRothoption.Talk with traditional governmental457(b)mightbemore If yourtaxratewere been duringtheyearsyoucontributed. your taxrateinretirement were Therefore, aRothcontributionmightbenefityouif the future. are givingupataxbreak todayforataxbreak in of retirement. Ifyouare contributingtoaRoth,you tax rateandyouranticipatedatthetime situation, butare mainlyfocusedonyourexisting contributions really dependonyourpersonal The potentialbenefitsofRothgovernmental457(b) option benefitme? Would 457(b)contribution aRothgovernmental For moreinformation,pleasegoto w w w . n e t b e n e f i t s . c o m lower . inretirement, thena higher than it had thanithad Transfer/Rollover/Exchange Form Instructions Reference the instructions below while completing the form. For additional assistance, please contact Fidelity Investments at 1-800-343-0860 or, for the hearing impaired, `ˆ>ÊÇ££] Monday through Friday, 8 a.m. to midnight Eastern time (excluding New York Stock Exchange holidays, except Good Friday). 1. YOUR INFORMATION Please provide your information in this section. 2. INVESTMENT PROVIDER YOU ARE MOVING MONEY FROM Please review your most recent statement for this name and address, and include a copy of the statement with this form. Please contact your previous investment provider to see if additional paperwork is required. 3. ACCOUNT(S) OR CONTRACT(S) TO MOVE Account or Contract Number: This number is available on your previous investment provider account statement. If you are unable to locate this number on your statement, please contact the investment provider. If you do not provide an account or contract number, we will use your Social Security number or U.S. Tax Identification number to request the assets to be moved. Type of Account or Contract: If you are unsure of the type of account or contract, please contact the Previous Investment Provider or refer to your statement. Select at least one. The Account or Contract Number is from: Please see the descriptions below that relate to each of the four transactions. If you choose “A Previous Employer,” provide the name of that employer. The Same Employer as My Employer Plan with Fidelity. Movement of assets from 403(b) to 403(b) will be requested as a vendor or contract exchange. Movement of money between the same plan types, excluding 403(b) plans [401(a) to 401(a), 401(k) to 401(k), 457(b) to 457(b)], will be requested as an in-plan transfer. Movement of money between different plan types will be requested as a rollover. A Previous Employer. For 403(b) and 401(a)/(k) plans, this is a rollover transaction. For governmental 457(b) plans, this is a rollover unless Fidelity receives direction to process as a transfer. A Rollover IRA. This is a rollover transaction. After-tax value may not be rolled from an IRA. A Traditional IRA or SEP IRA. This is a rollover transaction. Roth IRAs and Coverdell IRAs cannot be accepted. Liquidation Amount: Specify the amount of money you want moved to your Fidelity account. If you choose “Full Liquidation/100%,” Fidelity will request your full balance. If you choose “Partial Liquidation,” Fidelity will request the dollar amount or percentage you specify. If you do not specify an amount, Fidelity will move/liquidate 100%. If you are moving 457(b) assets, please be aware that governmental 457(b) assets must be moved into a governmental 457(b) plan, and nongovernmental 457(b) assets must be moved into a nongovernmental 457(b) plan. Transfers from nongovernmental 457(b) plans are not provided for on this form. Talk with your plan sponsor or call Fidelity to discuss transfers from nongovernmental 457(b) plans. Rollovers from 403(b) plans, 401(a)/401(k) plans, and IRAs to governmental 457(b) plans must be recordkept in separate rollover sources to limit the distributions that may be subject to a 10% early distribution penalty. 4.YOUR FIDELITY ACCOUNT INFORMATION If you do not have a retirement account with Fidelity for the employer listed here, you must complete the enroll- ment process. For help with enrollment, please contact Fidelity at 1-800-343-0860 or for the hearing impaired FKCN Employer Sponsoring Your Fidelity Retirement Account: The employer name appears on your Fidelity account statement or in your enrollment paperwork. Plan Type with this employer: This information is required to ensure that Fidelity credits your assets to the proper account. Please contact Fidelity at 1-800-343-0860 or for the hearing impaired `ˆ>ÊÇ££ if you do not know your plan type. Plan Number: Please provide the plan number if you have multiple retirement plan accounts with Fidelity. Please contact Fidelity at 1-800-343-0860 or for the hearing impaired `ˆ>ÊÇ££ to obtain the plan number.

022380001 5. INVESTMENT INSTRUCTIONS Would you like the assets invested in your current investment selection? If “Yes” is selected, your assets will be allocated to your current investment selection on file with Fidelity. If you do not select “Yes,” please list the fund names, fund codes (if known), and percentages. Please ensure that the percentages equal 100%. Please list any additional funds on a separate page and attach it to this form. Fund Name: List the fund name(s) you want your assets credited to. Fund Code: Provide the four-digit fund code(s) (if known). Percentage: Please ensure that the percentages listed equal 100%. Note: If no investment options are selected, your investment instructions are incomplete or invalid, or the percentages listed are less than or exceed 100%, your entire contribution will be defaulted to the investment elections on file with Fidelity. If you have no investment elections on file, your entire contribution will be defaulted to the investment option specified in the agreement currently in place with Fidelity for the Plan. 6. EMPLOYER PLAN ACCEPTANCE Employer Authorized Signature: An authorized signature from the employer that sponsors your Fidelity retirement account may be required. To verify if this section needs to be signed, contact your Human Resources office or Fidelity at 1-800-343-0860 or for the hearing impaired dial 711. 7. SIGNATURE AND DATE Please read the legal information provided in this section and then sign and date the form. We are unable to process your request without your signature and the date.

Transfer/Rollover/Exchange Form Checklist:

HereUse this is a checklist checklist to to ensure ensure your that request your request is complete: is in good order. Please remember to: Remember to return all pages of this form. Include your most recent account statement from your previous investment provider. Include your most recent account statement from your previous investment provider.

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

Sign Obtain and thedate Employer Section 7 Authorizedof this form. Signature. Contact your Human Resources office or Fidelity to verify if this is required. Please contact your previous provider to see if additional paperwork is required. Sign and date in Section 7 of the form. Return completed form in a legible condition. OR Ways to Return This Form to Fidelity: If you are sending this using an overnight delivery Digitally using Return the to: Regular Mail service, please send to:Overnight Mail NetBenefits® Mobile App Fidelity Investments Fidelity Investments Download the Fidelity NetBenefits Investments® app PO Box 770002 Fidelity Investments100 Crosby Parkway, Mail✘eÊ £ through the App Store® or Google PlayTM store. Cincinnati, OH 45277-0090100 Crosby Parkway,Covington, Mailzone Y 41015 KC1E Tap: Actions Cincinnati, > Send a Document OH 45277-0090 Covington, KY 41015

PleaseQuestions? contact your previous investment provider to see if additional paperwork is required. Call 800-343-0860 or for the hearing impaired dial 711, business days (except NYSE holidays) from 8:00AM – Midnight ET or go to www.Netbenefits.com/atwork. Transfer/Rollover/Exchange Form Instructions: Use this form to move assets to your Fidelity employer-sponsored retirement account from a previous investment provider. You may also use this form to consolidate multiple employer-sponsored retirement accounts currently at Fidelity. If you do not have a retirement account with Fidelity, you must also complete an Account Application/Enrollment Form or, when available, enroll online at netbenefits.com/atwork. If your current employer does not offer a retirement plan recordkept by Fidelity, your employer needs to establish a retirement plan prior to your vendor or contract exchange, or rollover to a Fidelity account. An incomplete form may delay the processing of your request. Use a separate form for each investment provider. Unless otherwiseotherwise instructed instructed by by your your employer, employer, please please return return this this completed transfer/rollover/exchange form, along with a copy form of in a recentthe postage-paid statement: envelope provided OR Digitally with: Or use one of these alternate methods: ® Return to: If you are sending this using an overnight delivery NetBenefits MobileFidelity App Investments Regular Mail service, please send to: Overnight Mail Download the NetBenefits® app Fidelity Investments Fidelity Investments Fidelity Investments through the App Store® or Google PlayTM store. PO Box 770002 100 Crosby Parkway, KC1E 100 Crosby Parkway, Mailzone KC1E Tap: Actions € Send >Ê œVՓent Cincinnati, OH 45277-0090 Covington, KY 41015 Covington, KY 41015

Questions? Call Fidelity Investments at 1-800-343-0860 or for the hearing impaired dial 711, Monday through Friday, 8 a.m. to midnight Eastern time (excluding New York Stock Exchange holidays, except Good Friday), for assistance with completing this form. 1. YOUR INFORMATION Please use a black pen and print clearly in CAPITAL LETTERS.

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

First Name: Middle Initial:

Last Name:

Mailing Address:

City: State:

ZIP Code:

Daytime Phone: Evening Phone:

Email: 2. INVESTMENT PROVIDER YOU ARE MOVING MONEY FROM

Name of investment provider you are moving money from : (e.g., AIGVALIC, Retirement, TIAA-CREF, TIAA-CREF, Vanguard, Vanguard, Voya, Lincoln): Voya, Lincoln): Please include a copy of your most recent account statement from your investment provider.

Provider Street Address:

City: State:

ZIP Code:

Provider Phone: Ext:

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

Page 1 022380003 3. ACCOUNT(S) OR CONTRACT(S) TO MOVE Please provide information about the account(s)/contract(s) you wish to move to Fidelity. If no account or contract numbers are provided, we will use your Social Security number or U.S. Tax ID number to request the assets to be moved. Please make additional copies of this page and the next page if you have more than two accounts/contracts to move.

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

1. Account/Contract #:

Type: 403(b) Include Roth 403(b) balance 401(a)/(k) Include Roth 401(k) balance (select at least one) 457(b) governmental Include Roth 457(b) governmental balance IRA

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

The Same Employer as My Employer Plan with Fidelity

A Previous Employer Previous Employer Name:

A Rollover IRA A Traditional IRA or SEP IRA

3. Liquidation Amount Full Liquidation/100% Partial Liquidation % OR $ (select one) Unless otherwise specified, I request the previous investment provider to liquidate 100% of my account.

3B. SECOND ACCOUNT/CONTRACT (if applicable). 1. Account/Contract #:

Type: 403(b) Include Roth 403(b) balance 401(a)/(k) Include Roth 401(k) balance (select at least one) 457(b) governmental Include Roth 457(b) governmental balance IRA

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

The Same Employer as My Employer Plan with Fidelity

A Previous Employer Previous Employer Name:

A Rollover IRA A Traditional IRA or SEP IRA

3. Liquidation Amount Full Liquidation/100% Partial Liquidation % OR $ (select one) Unless otherwise specified, I request the previous investment provider to liquidate 100% of my account.

Page 2 4. YOUR FIDELITY ACCOUNT INFORMATION

If you do not have a retirement account with Fidelity for the employer listed below, or you do not know the plan number or type, please contact Fidelity at 1-800-343-0860 or for the hearing impaired dial 711. Employer Sponsoring Your Fidelity Retirement Account: (This name appears on your Fidelity statement, or in your enrollment paperwork.)

City & State of Employer: Are you still employed with this Employer? Yes No 4A. Fidelity Account Information for 3A

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

4B. Fidelity Account Information for 3B

Plan Type: 403(b) 401(a)/(k) 457(b) governmental Plan Number (if known): If there is a discrepancy between plan type and plan number, the plan type selected will be used.

5. INVESTMENT INSTRUCTIONS

Would you like the assets invested in your current investment selection? Yes No (specify below)

Fund Name(s): Fund Code: Percentage:

% OR % OR % OR % OR

Total = 100% If no investment options are selected, your investment instructions are incomplete or invalid, or the percentages listed are less than or exceed 100%, your entire contribution will be defaulted to the investment elections on file with Fidelity. If you have no investment elections on file, your entire contribution will be defaulted to the investment option specified in the agreement currently in place with Fidelity for the Plan.

6. EMPLOYER PLAN ACCEPTANCE An authorized signature from the employer that sponsors your Fidelity retirement account may be required. To verify if this section needs to be signed, contact your Human Resources office or Fidelity at 1-800-343-0860 or for the hearing impaired dial 711. Employer Authorized Signature: X Date: Employer Authorized Printed Name: X

Page 3 7. SIGNATURE AND DATE By signing this form: • I hereby direct the investment provider identified on this form in Section 2 to liquidate the designated amount of the account(s) listed on this form, and to release the proceeds to my account under my employer’s plan, except to the extent my current employer or any of my former employers prohibit such release. In the event of such prohibition, I hereby direct said investment provider to retain the portion of my account(s) that cannot be released in a separate account or contract and to release the remainder. • I hereby agree to the terms and conditions stated in this form, including the instructions, and certify that I am requesting a vendor or contract exchange, in-plan transfer, or rollover, of my retirement plan assets in accordance with applicable IRS and plan rules. • I certify under the penalties of perjury that my Social Security number or U.S. Tax Identification number on this form is correct. • I certify that the information provided on this form is true, accurate, and complete to the best of my knowledge. • I acknowledge that I have read the prospectus(es) for any mutual fund in which I invest and agree to the terms. • I hereby agree that if my assets will be sent to Fidelity in installments, the first installment may be invested according to my instructions on this form. All subsequent installment payments as well as any residual balances not received within 30 days will be invested according to the investment elections currently in place with Fidelity for the Plan at the time my assets are received by Fidelity.

For 403(b)-to-403(b) vendor or contract exchanges: • I understand that any balances I am exchanging from a 403(b)(1) annuity into a 403(b)(7) custodial account may be subject to more restrictive withdrawal provisions. • I understand that if I exchange a contribution source that is not allowed by the Plan, the value associated with the unacceptable source will be returned to the investment provider named in Section 2. • I direct Fidelity to treat all monies as pretax contributions made subsequent to 12/31/88 unless my prior investment provider provides Fidelity with account balances as of 12/31/88 and post-1988 salary reduction contributions. • I direct Fidelity to treat the entire balances as subject to minimum distribution requirements unless my prior investment provider provides Fidelity with account balances as of 12/31/86. • I direct Fidelity to allocate the entire balance to the most restrictive source in the current employer’s plan unless my prior invest- ment provider provides Fidelity with the sources of the exchanged amount under the previous plan.

Your Signature: X Date:

The trademarks and service marks appearing herein are the property of their respective owners.

26030_02/0116  Fidelity Investments Institutional Operations Company,Company LLC.Inc.  Page 4 This document provides only a summary of the main features of the Deferred Compensation Plan and the Plan Document will govern in the event of discrepancies. © 2010 - 2021 FMR LLC. All rights reserved. Fidelity Investments P.O. Box 28003 Albuquerque, NM 87125-8003

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 476545.15.0 4.NVCP9016830100