Your Retirement Workbook - Michigan Catholic Conference

Michigan Catholic Conference403(b) Plan

Your Retirement Workbook

Prudential Retirement200 Wood Avenue South

Iselin, NJ 08830

Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affili-ates. Prudential Retirement is a Prudential Financial business.

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0179158 0179178 0179346 0179121-00001-00

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Dear Participant,Finally, a program that's all about you.

Everyone knows that a financially secure retirement doesn't happen overnight; itrequires careful planning. But a lot of people are put off by what they think willbe a complicated process.

That's why we've gone out of our way to make enrolling in the Michigan CatholicConference 403(b) Plan as straightforward and understandable as possible. Afterall, we want all our employees to benefit from a retirement program thatprovides:

n GoalMaker®,an investment solution that helps you choose yourinvestments and stay on track throughout your retirement planning years.

n The powerful retirement planning solutions of PrudentialRetirement® -a business unit of Prudential Financial.

n Automatic payroll deductions make saving effortless.

n Wide array of investment options enables you to develop a strategy thatbest suits your needs.

n Interactive tools to help you manage your account and access retirementplanning education.

A little planning and action today can lead to a better tomorrow We've worked with Prudential Retirement® to create this workbook that explainsall the benefits of the retirement program, and to show you how easy it is toprepare for retirement. Whether you need to enroll or simply need to review ifyou are on track, by following the simple steps outlined, you can start saving,and realizing benefits, right away.

The planning you do in this workbook today may help you have the kind ofretirement you want tomorrow.

Sincerely,

.Michigan Catholic Conference

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This workbook is as unique asyou.

n It shows the value your program provides. And, itshows you how to plan for your future based onyour individual financial situation and retirementgoals.

n It can help answer common retirement planningquestions and questions you may have about yourprogram.

n It is easy to use. Use the space provided in theworkbook to track your decisions (The pencil iconalerts you to sections to be completed by you.) Then,follow the enrollment instructions in Section 4.

1.How much will youneed during retirement?

4.Take action.

3.How can youinvest yourmoney?

2.How much shouldyou consider contributing?

For more information about your plan, call 1-877-778-2100 or visitwww.prudential.com/online/retirement.

1

Important. Be sure to review the ImportantInformation section, it details your program’sprovisions and investment performance.

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That’s a tough question because everyone’s situation is different. Most financial experts estimatethat individuals will need a total monthly retirement income equal to 80% of their pay.

To get an idea of how much monthly retirement income you may need, look at the chart below.

For example, if you are 20 years old, with an annual pay of $30,000, your projected monthly paywhen you become eligible to retire will be $6,875. We multiplied this figure by 0.80 and theresulting figure—$5,500—represents the income you may need each month in retirement.

Monthly retirement income projections

1.How much will you need during retirement?

2

Current Annual Pay$30,000 $60,000

Age: Age: Age: Age: Age: Age:20 30 40 20 30 40

Projected monthly income need $5,500 $4,300 $3,400 $11,000 $8,600 $6,700

[-TEXT-][-TEXT-] [-text-] [-text-] [-text-] [-text-] [-text-] [-text-]



*These projections assume a retirement age of 62 and that you will spend 23 years in retirement. Projections arebased on an annual return rate of 7%. Projections also assume that current pay will grow by 2.5% annually untilretirement.

Write your projected monthly retirement income need here: _______________.

Consider all your sources of retirement incomeRemember, this estimate does not include any balance you may have in other accounts such asannuity plans, interest, and dividends on investments from other retirement vehicles, rental income,and wages. Reviewing the information above, however, will give you a good idea of how muchyou’ll need overall to retire.

To create your own estimate of your retirement income based on your personal information, visit www.preparewithpru.com.

Next step: How much should you consider contributing?

3

Review your plan’s benefits.

Concerned about having access to your money in your retirement programaccount? Should an event arise that requires you to access your money, you can takea loan or hardship withdrawal or take your money with you when your employmentwith your employer ends.

Quick Tip:

* Withdrawals of contributions and potential earnings are taxed at ordinary income tax rates.

The Michigan Catholic Conference 403(b) Plan is one of the best ways to help you save forretirement. Of course, there are many ways to save and invest for retirement. But your plan offersyou the following benefits that are hard to overlook:

n You pay less in federal taxes today: Your before-tax contributions will lower yourcurrent taxable income.

n Compounding helps your money grow: You earn interest on both the money you investand the interest that money earns over time. Time is the most important ingredient in thecompounding process.

n Your money works harder for you: All of your before-tax contributions and any moneyyour contributions earn grow tax-deferred until you withdraw them.*

n Saving is easy: Your contributions are automatically deducted from your paycheck—so youdon’t have to worry about writing a check or finding the money to invest.

By participating in your program—and contributing as much as possible—you can help ensureyou’ll have the retirement income you need.

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2.How much should you consider contributing?

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Contributing as much as you can to your retirement program account canhelp ensure that you and your loved ones enjoy the kind of financial future

that you both expect and deserve. See the Important Information Section of thisworkbook for details on how much you can contribute to the program.

Quick Tip:

Now that you know how much your projected monthly retirement income goal may be, the next step is todetermine how much you should contribute to help reach your goal. The chart below shows how differentbefore-tax contribution amounts today can help. Simply find the projected monthly retirement income goal you identified in Section 1 to learn your suggested contribution amount.

* The suggested contribution amounts take into consideration the annual IRS contribution limits and your plan’s maximumcontribution limit, which may not be enough to help reach your goal. Please keep in mind that this is a hypotheticalillustration and does not take into consideration any other retirement savings or benefits that you may have. It is notintended to represent the performance of any specific investment. It is possible to lose money by investing in securities.

$30,000 $60,000

Monthly retirement Suggested Monthly retirement SuggestedAge income goal contribution amount income goal contribution amount

20 $5,500 15% $11,000 15%

30 $4,300 26% $8,600 26%

40 $3,400 49% $6,700 28%

Your bottom line.Now that you know how much you may need to contribute to your retirement plan, it’s important toconsider how much you can afford to have taken out of your paycheck. Take a look at the charts on thenext page to see how various contribution amounts will affect take-home pay.

To “test drive” other contribution amounts or paycheck scenarios, please visit www.preparewithpru.com.

Reach your goal.*

Opportunities for your future are endless, but the decisions you make today could affect how many of yourretirement dreams you can afford. You may not be able to contribute the total suggested amount at thistime, or, you may want to increase it a little bit more—use this as a target.

Don't pass up the chance to save in your retirement plan!

Current Annual Pay

Find the chart below with the annual pay that is closest to your current pay. Next, review thefirst column of the chart to find your suggested contribution amount from the previous page.Then, look across to see the impact to your take-home pay. You will notice that the amountyou contribute to the plan is actually more than the amount your take-home pay is reducedeach month. Why? Because contributions are deducted from your pay before taxes, so yourtaxable income is reduced. As a result, you’ll pay less in federal income taxes and invest moreinto your account. That’s the power of before-tax investing.

If you feel you can't contribute as much as you'd like to the retirement program right away, theimportant thing is to get started and enroll. If you are already participating, consider increasing theamount you currently contribute. You can always increase it in the future.

Write your own contribution amount here: _______________.

Write your own contribution amount here: _______________.

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Next step: How can you invest your money?

* This chart assumes a 15% percent tax bracket.

$30,000

Suggested Your monthly Total amount Amount take-homecontribution contribution contributed to your pay is reducedamount account each month each month

15% $375 $375 $319

26% $650 $650 $553

49% $1,225 $1,225 $1,041

* This chart assumes a 25% percent tax bracket.

$60,000

Suggested Your monthly Total amount Amount take-homecontribution contribution contributed to your pay is reducedamount account each month each month

15% $750 $750 $563

26% $1,300 $1,300 $975

28% $1,450 $1,450 $1,088

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n Build your own portfolio . . . . . . . . . . . . . . determine your Investor Style Code (below)

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Next step: Find your suggested portfolio option.

3.How can you invest your money?

Determine your Investor Style CodeYour investment mix depends on your risk tolerance and number of years until retirement. Complete thissection if you’re using GoalMaker or if you're choosing your own investment mix. If you need additional helpdetermining your investment style, take the Risk Tolerance Quiz located in this workbook.

When it comes to choosing your investments, you have the following options. For more information onthese investment options, please refer to the Important Information Section.

Keep it simple.n Enroll in GoalMaker . . . . . . . . . . . . . . . . . . determine your Investor Style Code (below)

This easy-to-use asset allocation program, adopted by your plan, helps select investments based on your risk tolerance and years to retirement. With GoalMaker’s age adjustment feature, your accountautomatically shifts to invest more conservatively as retirement nears.

Choose from plan investments.

Keep in mind that application of asset allocation and diversification concepts does not ensure safety of principal.It is possible to lose money by investing in securities.

My Investor Style Code is:

C

M

R

Description Style

CONSERVATIVE investors generally are concerned about short-term ups and downs in the market; and want to minimize riskand maintain principal.

MODERATE investors generally are willing to sacrifice safety ofprincipal for potentially greater returns; and can tolerate modestmarket fluctuations.

AGGRESSIVE investors generally seek to maximize investmentreturns; and can tolerate substantial market fluctuations.

Code Years to Retirement

01 0-5

02 6-10

03 11-15

04 16+

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Suggested portfolio options by Investor Style Code*Find your Investor Style Code in the chart below. If you want to enroll in GoalMaker, this chart showshow your money would be invested by asset class. If you want to build your own portfolio, the samecode provides a suggested mix of investments by asset class. Review these options, then go to nextsection to choose how you would like to invest your contributions.

Next step: Take action.

* These asset allocation models are provided as samples and not as investment recommendations. They are based ongenerally-accepted investment practices and take into account the principles of the modern portfolio theory, in whichallocations are adjusted in an effort to achieve maximum returns for a given level of risk. You may want to consider otherassets, income and investments you may have before applying these models to your individual situation. All investinginvolves various risks, such as; fixed income (interest rate), default, small cap, international and sector- including thepossible loss of principal. Keep in mind that application of asset allocation and diversification concepts does not ensure aprofit or protect against loss. It is possible to lose money by investing in securities.

Year

s to

Ret

irem

ent

Conservative Moderate Aggressive

0-5years

6-10years

11-15years

16+years

C 02

C 03

C 04

C 01

M 02

M 03

M 04

M 01

R 02

R 03

R 04

R 01

Stable Value

Large Cap Stock - Growth

Fixed Income

Large Cap Stock - Value

Small/Mid Cap Stock - Growth

Small/Mid Cap Stock - Value

International Stock

44%32%5%5%

3%8%

39%27%7%7%4%4%12%

23%26%11%11%6%6%17%

14%16%15%15%8%8%24%

35%25%8%8%5%5%14%

21%25%12%12%6%6%18%

23%26%11%11%6%6%17%

16%19%14%14%7%7%23%

7%8%17%17%10%10%31%

16%19%14%14%7%7%23%

9%11%16%16%10%10%28%

19%19%13%13%36%

3%

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OR…build your own portfolio1: (Total of selected funds equals 100%)

If you decide to choose your own investments, you can refer to the suggested portfolio options on the previous pagefor allocation suggestions. You can then choose from the investment options in the chart on the next page, and write inthe percentage you’d like to invest. Then go directly to Step 2 to take action.

4. Take action.

Step 1: Write in your contribution amount here:

Enroll in GoalMakerI wish to enroll in GoalMaker. Enter your Investor Style Code, then go directly to Step 2 to complete enrollment.

My Investor Style Code is: The investments included in your plan's GoalMaker portfolios arenoted with an asterisk in the chart on the next page.

1 Please refer to the Important Information and investment performance sections for additional information.

$

Select one option below that best meets your investing style and goals.

What do we mean by assets and asset classes? What is the relationship betweeninvestment risk and reward? You can find answers to these and many other investing questionsby visiting our educational website at www.preparewithpru.com.

Quick Tip:

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Guaranteed Income Fund*Stable Value %

American Funds Bond Fund of America R3*Fixed Income % %Ave Maria Bond R

Dreyfus Bond Market Index FundFixed Income % %Invesco High Yield Fund A

American Funds American Balanced R2Balanced %

American Funds Washington Mutual R2*Large Cap Stock % %Prudential Stock Index Fund Class A

LKCM Aquinas ValueLarge Cap Stock % %MFS Growth R3*

RidgeWorth Mid-Cap Value Equity IMid Cap Stock % %Ave Maria Catholic Values

Ave Maria OpportunityMid Cap Stock % %Prudential Jennison Mid Cap Growth Class A

AllianzGI NFJ Small Cap Value Fund*Small Cap Stock % %JPMorgan Small Cap Growth A*

American Funds EuroPacific Growth Fund R2*InternationalStock % %Columbia Acorn International A

Invesco International Growth Fund AInternationalStock %

TOTAL MUST EQUAL

100%* These investments are included in your plan’s GoalMaker portfolios. These investments are subject to change.

You will be notified in writing in advance of any such change.

Next step: Take action.

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Step 2: Act today.Online or by phone:n Visit www.prudential.com/online/retirement and select “First Time Logging In?”

option. Or, call 1-877-778-2100 (hearing impaired, please call 1-877-760-5166).n Follow the prompts to create your PIN (Personal Identification Number) and then complete

your transaction.

Using a form:n Complete the form at the back of this workbook and return it to the contact listed on the

form.

Please keep in mind, if you are already participating in the plan, you can change the way yourexisting account is invested or determine how new contributions to your account will beinvested.

Do you have money in another retirement plan or Individual RetirementAccount (IRA)? You may want to consider rolling it into this retirement plan.

With your retirement investments consolidated in one account, you'll have oneconvenient place to go to manage your savings. Call 1-800-992-4472 for moredetails.

Quick Tip:

Step 3: Designate your beneficiary.n Identifying the person you want to receive your account balance in case of your death is

very important. Once you have established your account, you can designate yourbeneficiary.

n You can record the beneficiary for your account by visitingwww.prudential.com/online/retirement, calling 1-877-778-2100 or completing andreturning the Beneficiary Form at the back of this workbook.

Be sure to stay on track.It’s important to keep an eye on your account to help ensure that your financial future is ontrack. Use the following tools to help yourself along the way:n Obtain account information and initiate transactions by visiting

www.prudential.com/online/retirement or calling our toll free number, at n 1-877-778-2100. (Representatives are available to assist you weekdays, from

8 a.m. to 9 p.m., ET.)n Visit our educational website at www.preparewithpru.com to access a variety of

interactive financial planning tools.n Review your retirement statement detailing your account activity.

Step 4:

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Important information about your programOn the following pages, you will find important information about the Michigan Catholic Conference 403(b) Plan, includingperformance information for each of the program's investment options and some helpful worksheets. Information in this guide isjust an overview of the program's features. If you have any questions, please contact our Participant Service Center at 1-877-778-2100.

Excessive trading can harm a fund's performance - and the retirement security of long-term investors. Mutual fund companiesand other providers of retirement investment products have rules prohibiting this practice in order to protect the interests of allinvestors. The Excessive Trading Monitoring Program is part of Prudential Retirement's ongoing commitment to help all ourinvestors grow and protect their wealth. The program is designed to identify participants who are engaging in excessive tradingof one program investment for another program investment and to stop such trading. Visit www.preparewithpru.com formore information.

Please fax completed forms at the end of the workbook to your Prudential Retirement Counselor at 269-327-7469.(If you haveany questions, your Prudential Retirement Counselor may be reached at 313-920-1593).

Enrollment and eligibilityn You are currently eligible to enroll in your program.

You may enroll at anytime.

Your contributions n If you will be at least 50 years old in 2013, you are also

eligible to make an additional before-tax catch-upcontribution of $5,500 per year.

n You may roll over money to your account, in anyamount, from another similar retirement program.

n You are always 100% immediately vested in all sourcesof money contributed to your retirement plan.

What is vesting?

"Vesting" refers to your ownership of the money inyour account. You are always 100% vested in yourown contributions.

Access your moneyYou may be able to access money in your retirementprogram account through a loan, in-service withdrawal, orhardship withdrawal.

Loans

Your plan allows you to take:

1 loan at one time

Application fee: $75 for each loan

Processing fee: No Charge

Method of repayment: Coupon

Tax consequences: If loan is not paid in full, taxconsequences will apply.

Prepayment available: Yes

General purposeInterest rate: Prime*

Minimum loan: $1,000

Maximum loan: 50% of your vested accountbalance, up to $50,000 in a 12month period*

Repayment period: 1 to 5 years*Interest is paid back to participant’s account. Additional information about loan calculations and loaninterest rate details can be found in your program's loan policy.

Primary residenceInterest rate: Prime*

Minimum loan: $1,000

Maximum loan: 50% of your vested accountbalance, up to $50,000 in a 12month period*

Repayment period: 1 to 15 years*Interest is paid back to participant’s account. Addiional informatoin about loan calculations and loaninteterest rate details can be found in your program's loan policy.

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In-service withdrawals

While employed, you may make in-service withdrawalswithin program restrictions.

Hardship withdrawals*

While employed, you may take a withdrawal request due toa financial hardship, within plan restrictions.

One of the following requirements must apply to qualify forhardship withdrawal:

n Purchase or construction of a principal residence-thisdoes not include mortgage payments

n Finance the cost of post-secondary education for you,your spouse or your dependent children

n Preventing eviction from, or foreclosure on, a principalresidence

n Un-reimbursed medical expenses for you, your spouseor dependents

n Payment of funeral or burial expenses for your spouseor dependents

n Repair of damage to participant's primary residencethat qualifies for casualty deduction

Additional requirements to qualify for a hardship withdrawalcan be located in the plan's SPD.

Once you take a hardship withdrawal, you may not be ableto make contributions to your account for 6 months.

There is a $50 withdrawal charge assessed to the participantaccount when a distribution is made.

*Withdrawals: The taxable portion of a withdrawal is taxed as ordinary income andwill be subject to an additional early distribution penalty tax if you receive thewithdrawal before age 591/2. The total amount of the withdrawal may not be morethan the amount required to meet your immediate financial need, however, you mayhave the option to “gross-up” the amount you receive to cover taxes. You may wantto consult a tax professional before taking a withdrawal from the plan.

Important Note!

Amounts withdrawn before age 59 1/2 may be subjectto a 10% federal income tax penalty, applicable taxesand program restrictions. Withdrawals are generallytaxed at ordinary income tax rates.Disability option

If you become disabled, you may be eligible to receive all ofyour vested account balance immediately. The amount youreceive is subject to all applicable income taxes, but nopenalties.

Retiring or leaving the employerIt's important to learn about all options regarding youraccount balance before you retire or leave Michigan CatholicConference.

You will need to make a decision about what to do withyour vested account balance when one of the followingevents occurs:

n Your employment with the employer ends.

n You retire from the employer at the normal retirementage of 65.

n You become permanently disabled.

n Your death. Your beneficiary is entitled to your accountbalance when you die; they are responsible for allfederal income tax imposed. Distribution upon deathmay also be subject to federal and state inheritanceand estate taxes.

Distributions before 59 1/2 may be subject to an additionalearly distribution penalty tax.

When any of the events listed above occur, you or yourbeneficiary will have several distribution options. It's importantto understand each of the distribution options listed below,before you make your decision. For assistance, please contacta Prudential representative at 1-800-992-4472.

Your vested account balance

Keeping it in the planAt the time benefits are payable, your vested account balance willdetermine how your account is handled. Refer to the schedulebelow:

Impact to your money

Less than $1,000 Paid in lump sum, regardless ofprior elections*

Greater than $1,000 Your money will continue togrow tax-deferred in youraccount

*Standard 20% withheld.

Directly rolling it overYou can choose to move or "roll" money over into anotherqualified retirement program, a Traditional Individual RetirementAccount (IRA), or Roth IRA. This allows your money to continuegrowing tax deferred. This is based on our understanding of the taxlaw. You may wish to discuss this matter with your tax advisor.Because each situation is unique, neither we nor our represen-tatives can provide tax or legal advice.

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Having account balance paid in installmentsYou can withdraw your account balance in a series of payments, inan amount over a period of time determined by the employer.

Lump sumYou may choose to take a full or partial lump sum distribution. A20% federal income tax may be applied. If you have not reachedage 59 1/2 , you may be subject to a 10% early withdrawalpenalty.

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Investment typesThis section is designed to provide general information aboutdifferent types of investments. Not all programs offerinvestments in every category. Information about the specificinvestments offered through your program is available in theInvestment Options section of this guide. The main types ofinvestments in which participants generally invest:

Stable Value investments: These investments combinesafety of principal with money-market-like liquidity and seekto produce rates of return which are superior to moneymarket funds over the long-term.

Fixed-Income investments: Invest in corporate andgovernment bonds. They can go up or down in value each day,so they carry more risk than stable-value investments, but alsooffer more opportunity for a potentially larger return. Fixedincome investment mutual funds are subject to interest raterisk; their value will decline as interest rates rise.

Stocks/Equities: Stock funds, also called equity investments,represent ownership in funds which own shares ofcorporations. Stock funds offer you a chance to share in theprofits, or losses, of those corporations. Stock funds have thepotential for higher returns, but they carry more risk than theother investment options.

There are many types of stock investment options, eachcategorized by the size or market capitalization of thecompanies they invest in, the investment style followed bythe fund manager, and the geographic focus of the fund:

Size of market capitalization:

n Large Cap: Over $10 billion

n Mid Cap: $2 billion to $10 billion

n Small Cap: Under $2 billion

Investment style:n Growth: These stocks are expected to grow faster than

the economy.

n Value: These stocks are thought to be a bargainbecause they have been undervalued or overlooked byinvestors.

n Blend: These investments combine both growth andvalue stocks.

Geographic focus:n Domestic: Invests primarily in U.S. companies

n Global: Invests in both U.S. and foreign companies

n International: Invests primarily in foreign countries

Balanced: Balanced investments combine fixed-income andstock components to offer you a combination of the interestincome from fixed-income investments and the growthpotential of stock investments. As a result, balancedinvestments typically do not experience the full ups anddowns of the stock market.

Retirement Income: Although they may vary in structure,these options are designed to provide a steady stream ofincome for life.

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Investment optionsMichigan Catholic Conference offers a selection ofinvestments to choose from. You can decide how you wantyour money invested, and may move money betweeninvestments anytime.

Stable ValueGuaranteed Income Fund*

Fixed Income - Intermediate BondAmerican Funds Bond Fund of America R3*Ave Maria Bond RDreyfus Bond Market Index FundFixed Income - High YieldInvesco High Yield Fund A

Large Cap Stock - ValueAmerican Funds Washington Mutual R2*

Large Cap Stock - BlendPrudential Stock Index Fund Class A

Large Cap Stock - GrowthLKCM Aquinas ValueMFS Growth R3*Mid Cap Stock - ValueRidgeWorth Mid-Cap Value Equity I

Mid Cap Stock - BlendAve Maria Catholic ValuesAve Maria OpportunityMid Cap Stock - GrowthPrudential Jennison Mid Cap Growth Class A

Small Cap Stock - ValueAllianzGI NFJ Small Cap Value Fund*

Small Cap Stock - GrowthJPMorgan Small Cap Growth A*

International Stock - BlendAmerican Funds EuroPacific Growth Fund R2*

International Stock - GrowthColumbia Acorn International AInvesco International Growth Fund ABalanced - UnknownAmerican Funds American Balanced R2

*These investments are included in your plan’s GoalMaker portfolios. Theseinvestments are subject to change. You will be notified in writing in advance ofany such change.

GoalMakerYour retirement program offers GoalMaker®, an optionaleasy-to-use asset allocation program that will invest yourcontributions in a portfolio that matches your investing styleand years left until retirement. To use GoalMaker, all youneed is your “Investor Style” code.

By enrolling in GoalMaker, you direct Prudential toimmediately reinvest your future contributions and existingaccount balance (if applicable) to match this modelinvestment allocation. Your entire account will be rebalancedaccording to this model portfolio unless a restriction is inplace or a portion of your account is invested in a restrictedsource that isn't available through GoalMaker. Of course, asyour goals and years left until retirement change, you canselect a new portfolio at any time without charges orpenalties; however, making an allocation change will causeyou to no longer be enrolled in the GoalMaker program.

The GoalMaker portfolio you choose will be automaticallyrebalanced at a frequency determined by your plan.Automatic rebalancing with GoalMaker ensures your assetallocation stays in line with your original investmentobjectives. During the rebalancing process, money is movedamong investments in your GoalMaker portfolio to maintainthe allocation percentages you choose.

Additionally, GoalMaker's optional age adjustment featureautomatically adjusts your allocations over time, based onthe number of years you have left until retirement. How doesit work? If you choose a conservative investor portfolio with11-15 years to retirement, once you reach an age that bringsyou ten years before your expected retirement age, youraccount will automatically be updated to the conservativeinvestor portfolio with 6-10 years to retirement.

To see how your money would be invested across variousasset classes, find your Investor Style code in the chart belowthat matches your investing style.

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0-5

Year

s

6-10

Yea

rs

11-1

5 Ye

ars

16+

Yea

rs

Investment options

C01 C02 C03 C04

Conservative allocations

Stable ValueGuaranteed Income Fund 14%23%39%44%

Fixed IncomeAmerican Funds Bond Fund ofAmerica R3 16%26%27%32%

Large Cap Stock - GrowthMFS Growth R3 15%11%7%5%

Large Cap Stock - ValueAmerican Funds WashingtonMutual R2 15%11%7%5%

Small/Mid Cap Stock - GrowthJPMorgan Small Cap Growth A 8%6%4%3%

Small/Mid Cap Stock - ValueAllianzGI NFJ Small Cap Value Fund 8%6%4%3%

International StockAmerican Funds EuroPacific GrowthFund R2

24%17%12%8%

0-5

Year

s

6-10

Yea

rs

11-1

5 Ye

ars

16+

Yea

rs

Investment options

M01 M02 M03 M04

Moderate allocations








31%23%17%14%

0-5

Year

s

6-10

Yea

rs

11-1

5 Ye

ars

16+

Yea

rs

Investment options

R01 R02 R03 R04

Aggressive allocations








36%28%23%18%

Please note that in addition to the specific funds used in the GoalMakermodel portfolios, other funds with similar risk and return characteristicsmay be available to you.

Self-Directed Brokerage*This optional program allows you to invest in individualstocks and bonds and/or an expanded selection of mutualfunds through your retirement account. Trading individualsecurities adds a potentially higher level of risk to youraccount, so you should consider this option carefully. Also, aminimum account balance is required for brokerage accountsand additional fees apply. Call Prudential at 1-877-778-2100or contact your Plan Administrator for an informationpackage and/or enrollment materials.

*Brokerage services are offered through Prudential Investment Management Services

LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 07102-4077, a Prudential

Financial company.

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Fund Performance and Disclosures Please Note: Fund Categories are organized from least aggressive to most aggressive.This is the performance of all investment options in your plan.

Average Annual Returns

Performance is as of 10/31/2013

One Year%

3 Years%

5 Years%

10 Years orSince Inception

%Inception

Date

ExpenseRatio*

%

GrossExpenseRatio*

%

Net

Stable ValueGuaranteed Income Fund 2.36 2.76 12/09/08N/A 0.553.17 0.55

Fixed Income - Intermediate BondAmerican Funds Bond Fund ofAmerica R3

-1.02 2.80 6.68 0.923.51 0.92

Ave Maria Bond R 5.70 4.28 6.75 0.724.81 0.71Dreyfus Bond Market Index Fund -1.66 2.51 5.43 0.414.30 0.40

Fixed Income - High YieldInvesco High Yield Fund A 8.26 8.22 16.56 0.988.24 0.98

Large Cap Stock - ValueAmerican Funds WashingtonMutual R2

25.62 15.77 13.23 1.376.50 1.37

Large Cap Stock - BlendPrudential Stock Index Fund ClassA

26.50 16.02 14.64 0.776.94 0.55

Large Cap Stock - GrowthLKCM Aquinas Value 29.01 15.53 15.22 1.548.50 1.50MFS Growth R3 31.89 16.80 17.07 1.129.13 1.12

Mid Cap Stock - ValueRidgeWorth Mid-Cap Value Equity I 34.96 16.81 21.44 1.0912.27 1.09

Mid Cap Stock - BlendAve Maria Catholic Values 21.71 13.82 16.38 1.507.39 1.50Ave Maria Opportunity 24.81 11.27 05/01/0614.75 1.464.98 1.28

Mid Cap Stock - GrowthPrudential Jennison Mid CapGrowth Class A

26.98 15.98 17.89 1.0610.98 1.06

Small Cap Stock - ValueAllianzGI NFJ Small Cap ValueFund

29.65 15.43 16.19 1.2111.53 1.21

Small Cap Stock - GrowthJPMorgan Small Cap Growth A 39.64 19.14 21.62 1.4410.49 1.25

International Stock - BlendAmerican Funds EuroPacificGrowth Fund R2

21.33 6.07 12.06 1.608.46 1.60

International Stock - GrowthColumbia Acorn International A 22.91 8.95 18.02 1.3112.53 1.31Invesco International Growth FundA

20.31 8.42 13.32 1.389.73 1.38

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Average Annual Returns

One Year%

3 Years%

5 Years%

10 Years orSince Inception

%Inception

Date

ExpenseRatio*

%

GrossExpenseRatio*

%

Net

Balanced - UnknownAmerican Funds AmericanBalanced R2

18.55 12.11 12.21 1.376.28 1.37

Past performance does not guarantee future results and current performance may be lower or higher than the past performance quoted. The investment return and principal value will fluctuate and share/units when sold may be worth more or less than the original cost. For more information, log on to the Online Retirement Center at www.prudential.com/online/retirement and choose “Investment Performance” under your Plan account.

These returns are net of investment-related fees and charges as well as current contract (including asset charges). Your actual rate of return may differ from these returns depending on your specific account activity (including the timing of your contributions and purchases and other account transactions), and any changes in contract charges. Investments in the market-valued funds involve the risk and reward associated with the securities market. Investment performance reflects true period earnings. The Inception Date represents the date assets were first invested in the fund or the date a specific share class was initiated. “N/A” indicated the fund was not in existence or data was not available/applicable at the time this statement was printed. Performance is based on 10 years when an Inception Date is not displayed.

* The net and gross expenses shown include the total operating expenses of the funds and the indirect expense of the funds’ underlying portfolio. Your investment returns are reduced by various fees and expenses. For each plan investment option, the "Expense Ratio" columns show these charges as an annual percentage. Depending on the type of investment, these charges are paid to Prudential or to unaffiliated mutual fund complexes or bank collective trusts. If your plan has mutual fund investment options, the Expense Ratio is not reduced by any fee or expense waivers from the fund complex, and therefore the actual Expense Ratio may be lower. For other investment options, the benefit of any waivers is reflected in the Expense Ratio shown.

Some mutual funds and bank collective trusts, or their affiliates, compensate Prudential for selling their shares and servicing your retirement plan, as detailed in the Fact Sheet for that investment option. For other investment options, the charges reflected in the Expense Ratio are typically deducted by Prudential in return for investment and recordkeeping services, and product distribution. For some plans, the charges also enable Prudential to satisfy the plan's request for allowances to defray plan expenses. Your retirement plan may not include investmentoptions with lower fee structures or lower cost share classes in order to compensate Prudential, in the aggregate, for servicing your retirement plan.

0186238-00002-00

Category Morningstar assigns each mutual fund to a category, based on their actual invest-ment style as measured by their underlying portfolio holdings over the past three years.Categories for Manager of Managers separate accounts are determined by Prudential.

Expense Ratio The net and gross expenses shown include the total operating expenses ofthe funds and the indirect expenses of the funds’ underlying portfolios. Your investmentreturns are reduced by various fees and expenses. For each plan investment option, the“Expense Ratio” presentation shows these charges as an annual percentage. Depending onthe type of investment, these charges are paid to Prudential or to unaffiliated mutual fundcomplexes or bank collective trusts. For mutual funds the Expense Ratio is not reduced by anyfee or expense waivers from the fund complex (i.e., Gross Expense Ratio), and therefore theactual Expense Ratio may be lower. For other investment options, including separate accountsand bank collective trusts, the benefit of any waivers is reflected in the Expense Ratio (i.e.,Net Expense Ratio).

Overall Morningstar RatingTM Portfolio’s overall rating.

Morningstar RatingTM (Mutual Funds)

For each mutual fund with at least a three-year history, Morningstar calculates aMorningstar RatingTM, which reflects a mutual fund’s historical risk-adjusted perform-ance as of a specific date. The Overall Morningstar Rating for a mutual fund is derivedfrom a weighted average of the performance figures associated with its three-, five-and ten-year (if applicable) Morningstar Rating metrics. Morningstar computes risk-adjusted return by subtracting a risk penalty (as determined by the downward variationsand rewarding consistent performance) from the mutual fund’s load adjusted excessreturn. Mutual funds are then ranked within their respective Morningstar categories,and stars are assigned. The top 10% of mutual funds in each category receive 5 stars,the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2stars and the bottom 10% receive 1 star.

Morningstar RatingTM (Group Retirement Plan Annuity)

The Morningstar Rating is calculated for subaccounts with at least a three- yearhistory. It is calculated based on the Morningstar Risk-Adjusted Return measure thataccounts for variation in a subaccount’s monthly performance (including effects of salescharges, loads, and redemption fees), placing more emphasis on downward variationsand rewarding consistent performance. The top 10% of subaccounts in each categoryreceive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall MorningstarRating for a subaccount is derived from a weighted average of the performance figuresassociated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.Ratings are calculated against the appropriate OE Mutual Fund Category.

Portfolio Manager The name of the person(s) who determines which stocks or bonds belongin the investment portfolio.

Investor Risk Profile For mutual funds, the investor risk profile displays the fund’sMorningstar Risk, a downside risk measure that evaluates the portfolio relative to other portfolios within its Morningstar Category. For separate accounts, the fund’s investor risk pro-file is classified according to its overall volatility. Volatility measures the range of returns aportfolio has experienced over time. Wide ranges of returns are labeled “high,” and are con-sidered riskier than “low” volatility investments, which have had smaller ranges in returns.

Morningstar Style Box/Investment Style Box While the category description tells youhow the portfolio has been run in the past, the Style Box is a snapshot of what the portfoliocurrently owns. For equity separate accounts, Investment Style Box data is based on a quar-ter lag and assigned by Prudential.

Morningstar Style Box®

The Morningstar Style Box™ reveals a fund’s investment strategy. For equity funds thevertical axis shows the market capitalization of the stocks owned and the horizontalaxis shows investment style (value, blend or growth). For fixed-income funds, the verti-cal axis shows the credit quality of the bonds owned and the horizontal axis showsinterest rate sensitivity as measured by a bond’s effective duration.

Morningstar seeks credit rating information from fund companies on a periodic basis(e.g., quarterly). In compiling credit rating information, Morningstar instructs fund com-panies to only use ratings that have been assigned by the following NationallyRecognized Statistical Rating Organizations (NRSROs): Moody’s, Standard & Poor’s,Fitch, and Egan-Jones. If two NRSROs have rated a security, fund companies are toreport the lowest rating; if three or more NRSROs have rated the same security differently, fund companies are to report the rating that is in the middle. For example,if NRSRO X rates a security AA-, NRSRO Y rates the same security an A and NRSRO Zrates it a BBB+, the fund company should use the credit rating of ‘A’ in its reporting toMorningstar.

PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit ratingon the fund. An NRSRO rating on a fixed-income security can change from time-to-time.

For credit quality, Morningstar combines the credit rating information provided by thefund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter thatroughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a

style box placement of “low”, “medium”, or “high” based on their average credit qual-ity. Funds with a low credit quality are those whose weighted-average credit quality isdetermined to be less than “BBB-”; medium are those less than “AA-”, but greater orequal to “BBB-”; and high are those with a weighted-average credit quality of “AA-” orhigher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit rat-ings of the underlying holdings to their respective default rates (as determined byMorningstar’s analysis of actual historical default rates). Morningstar then averagesthese default rates to determine the average default rate for the entire bond fund.Finally, Morningstar maps this average default rate to its corresponding credit ratingalong a convex curve.

For interest-rate sensitivity, Morningstar obtains from fund companies the averageeffective duration. Generally, Morningstar classifies a fixed-income fund’s interest-ratesensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI),which is currently three years. The classification of Limited will be assigned to thosefunds whose average effective duration is between 25% to 75% of MCBI’s averageeffective duration; funds whose average effective duration is between 75% to 125% ofthe MCBI will be classified as Moderate; and those that are at 125% or greater of theaverage effective duration of the MCBI will be classified as Extensive.

For municipal bond funds, Morningstar also obtains from fund companies the averageeffective duration. In these cases static breakpoints are utilized. These breakpoints areas follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than7 years; and (iii) Extensive: more than 7 years. In addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: lessthan or equal to 3.5 years; (ii) Moderate: greater than 3.5 and less than or equal to 6years; (iii) Extensive: greater than 6 years.

Morningstar Volatility Rank is an investment’s 3-year standard deviation overall per-centile rank within its US open-end, VA/L fund, or VA/L subaccount universe. The investmentwith the lowest standard deviation receives a rank of 1. We then classify investment portfo-lios as having one of three volatility levels relative to all types of mutual funds: Low,Moderate, and High. Investments with wider ranges of returns are labeled “high,” as they areconsidered riskier than “low” volatility investments, which have had smaller ranges ofreturns.

©2013 Morningstar, Inc. All Rights Reserved. The information contained on the Fund FactSheets: 1) is proprietary to Morningstar and/or its content providers; 2) may not be copied ordistributed; and 3) is not warranted to be accurate, complete or timely. Neither Morningstarnor its content providers are responsible for any damages or losses arising from any use ofthis information. Past performance is no guarantee of future results.

Annual Performance Calendar year returns for the Fund and corresponding benchmarks.

Top Five Holdings The top holdings are the stocks or bonds with the most influence on aportfolio’s returns.

Portfolio Allocation We break down the investment portfolio’s holdings into generalinvestment classes. The pie chart shows how much emphasis is placed on stocks, bonds orcash. We also show how much is held in foreign stocks. Bond investments replace the port-folio allocation chart with the following: Credit Analysis: We reveal the quality of the bondsin a bond-heavy portfolio, from least risky to most risky, with the percentage assigned to each.

Sector Allocation Morningstar classifies each stock holding into 11 major industrial sectorsfor all Retail, Non-Qualified and Variable Annuity Fact sheets. The top five are listed on theFund Fact Sheets. For Manager of Managers Institutional Equity Sub-Advised SeparateAccounts Source of Sector Classification: S&P/MSCI.

Performance History The separate account’s total return is shown for the quarter, year-to-date and preceding year, as well as the average annual total return for the past three, five,and 10 years, or since inception. To provide you with a point of comparison, the returns of thebenchmark indexes are shown for the quarter, year-to-date, one, three, five and 10 year peri-ods. For Manager of Managers separate accounts, we may also present a second indexreflecting the category’s performance.

Benchmark Performance The holdings and portfolio characteristics may differ from thoseof the benchmark(s), and such differences may be material. Factors affecting portfolio per-formance that do not affect benchmark performance may include portfolio rebalancing, thetiming of cash flows, credit quality, diversification and differences in volatility. In addition,financial indices do not reflect the impact of fees, applicable taxes or trading costs whichreduce returns. Unless otherwise noted, financial indices assume reinvestment of dividends.You cannot make a direct investment in an index. The statistical data regarding such indiceshas not been independently verified.

For More InformationPara hablar con un representante de servicios al cliente en español (u otros lengua-jes), por favor, llama a nuestro numero gratuito 800 entre las 8:00 a.m. y las 8:00 p.m.,Hora del Este, días de trabajo. (To speak with a Prudential Service Representative throughan interpreter in Spanish (or other languages), please call our toll-free number week-daysbetween 8:00 a.m. and 8:00 p.m. Eastern Time.)

The Fund Fact Sheet User’s Guide 0233352-00004-00

FUND FACT SHEET USER’S GUIDEThis guide will help provide a glossary of terms and benchmark definitions commonly found on fund fact sheets.

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3-Year Constant Maturity Treasury (CMT) Index: A setof theoretical securities based on the most recently auc-tioned “real” securities. Yields on Treasury securities at“constant maturity” are interpolated by the U.S. Treasuryfrom the daily yield curve, which is based on the closing mar-ket bid yields on actively traded Treasury securities in theover-the-counter market.3-Year Treasury Average Yield: The average daily treasuryyield for U.S. Treasury Notes with a maturity of three years(negotiable debt obligations of the U.S. Government, consid-ered intermediate in maturity).5-Year Treasury Average Yield: The average daily treasuryyield for U.S. Treasury Notes with a maturity of five years(negotiable debt obligations of the U.S. Government, consid-ered intermediate in maturity).10-Year Treasury Average Yield: The average daily treasuryyield for U.S. Treasury Notes with a maturity of ten years(negotiable debt obligations of the U.S. Government, consid-ered intermediate in maturity).60% Russell 1000 Growth Index/40% Barclays U.S.Aggregate Bond Index: An unmanaged, weighted-averagecomposite consisting of the Russell 1000® Growth Index (60%)and the Barclays Aggregate Bond Index (40%). 60% Russell 1000 Growth Index/40% Barclays U.S.Intermediate Government/ Credit Index: An unmanaged,weighted-average composite consisting of the Russell 1000Growth Index (60%) and the Barclays Intermediate U.S.Government/Credit Index (40%).60% Russell 1000 Value Index/40% Barclays U.S.Aggregate Bond Index: An unmanaged, weighted-averagecomposite consisting of the Russell 1000 Value Index (60%)and the Barclays Aggregate Bond Index (40%).60% Russell 1000 Value Index/40% Barclays U.S.Intermediate Government/Credit Index: An unmanaged,weighted-average composite consisting of the Russell 1000Value Index (60%) and the Barclays Intermediate U.S.Government/ Credit Index (40%).60% S&P 500 Index/40% Barclays U.S. Aggregate BondIndex: An unmanaged, weighted-average composite Indexthat consists of the S&P 500 Index (60%) and the Barclays U.S.Aggregate Bond Index (40%).Barclays Global Aggregate Bond Index Ex-US (USDHedged): The Barclays Global Aggregate Ex USD Index pro-vides a broad-based measure of the global investment-gradefixed income markets. The components of this index are thePan- European Aggregate and the Asian-Pacific AggregateIndices. The index also includes Eurodollar and Euro-Yen cor-porate bonds, Canadian government, agency and corporatesecurities.Barclays U.S. Aggregate Bond Index: Broad-basedbenchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, includingTreasuries, government-related and corporate securities,MBS (agency fixed-rate and hybrid ARM passthroughs), ABS,and CMBS.Barclays U.S. California Municipal Bond Index: Includesinvestment-grade, tax-exempt, and fixed rate bonds issued inCalifornia. All securities have maturities greater than twoyears, and are selected from issues larger than $50 million.Barclays U.S. New York Municipal Bond Index: Includesinvestment-grade, tax-exempt, and fixed rate bonds issued inNew York. All securities have maturities greater than twoyears, and are selected from issues larger than $50 million.Barclays U.S. Corporate High-Yield Index: Measuresthe market of USD-denominated, non-investment grade,fixed-rate, taxable corporate bonds.Securities are classifiedas high yield if the middle rating of Moody’s, Fitch, and S&Pis Ba1/BB+/BB+ or below, excluding emerging market debt.Barclays U.S. High Yield Bond Index, 2% Issuer Capped:The Barclays U.S. High Yield Bond Index, 2% Issuer Capped isan issuer-constrained version of the Barclays U.S. High YieldIndex that covers the USD denominated, non-investmentgrade, fixed-rate, taxable corporate bond market. The 2%Issuer Capped Index follows the same index construction rulesas the uncapped index but limits issuer exposures to a maxi-mum 2% and redistributes the excess market value index-wideon a pro rata basis.Barclays U.S. Intermediate Government/Credit Index:Measures the performance of U.S. Dollar denominated U.S.Treasuries, government-related and investment grade U.S. cor-porate securities that have a remaining maturity of greaterthan one year and less than ten years.Barclays U.S. Credit Index: A subset of the USGovernment/Credit Index and the US Aggregate Index thatcomprises the US Corporate Index and a non-corporate com-ponent that includes foreign agencies, sovereigns, suprana-tionals, and local authorities.Barclays U.S. Government 1-5 Year Index: This indexincludes U.S. Treasury and agency obligations with maturitiesof 1-5 years.

Barclays U.S. Government Bond Index: Is the U.S.Government component of the U.S. Government/ CreditIndex. It consists of securities issued by the U.S. Government(i.e., securities in the Treasury and Agency Indices). Thisincludes public obligations of the U.S. Treasury with aremaining maturity of one year or more and publicly issueddebt of U.S. Government agencies, quasi-federal corpora-tions, and corporate or foreign debt.Barclays U.S. Government/Credit 1-5 Year Index:Includes all medium and larger issues of U.S. government,investment-grade corporate, and investment-grade interna-tional dollar-denominated bonds that have maturities ofbetween 1 and 5 years and are publicly issued.Barclays U.S. Government/Credit 5-10 Year Index:Includes all medium and larger issues of U.S. government,investment-grade corporate, and investment-grade interna-tional dollar-denominated bonds that have maturities ofbetween 5 and 10 years and are publicly issued.Barclays U.S. Government/Credit Index: Is the U.S.Government/Credit component of the US Aggregate Index. Itis composed of all bonds that are investment grade (rated Baaor higher by Moody’s or BBB or higher by Standard & Poor’s, ifunrated by Moody’s). Issues must have at least one year tomaturity. The index is re-balanced monthly by market capital-ization. The Government/Credit Index includes securities inthe Government and Credit Indices.Barclays U.S. Government Long Index: Includes thosefunds in the Barclays U.S. Government Index which have amaturity of 10 years or more.Barclays U.S. Long Term Government/Credit Index:Includes bonds in the Government and Corporate indices thathave maturities of 10 years or longer.Barclays U.S. Long Term Credit Index: Includes bonds inthe Corporate index that have maturities of 10 years orlonger.Barclays U.S. Mortgage Backed Securities Index:Covers agency mortgage-backed pass-through securities(both fixed-rate and hybrid ARM) issued by Ginnie Mae(GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC). Barclays U.S. Municipal Index: Covers the USD-denomi-nated long-term tax exempt bond market. The index has fourmain sectors: state andlocal general obligation bonds, rev-enue bonds, insured bonds, and prerefunded bonds.Barclays U.S. Treasury Inflation-Protected Securities(TIPS) Index: Rules based, market value-weighted indexthat tracks inflation-protected securities issued by the U.S.Treasury. The U.S. TIPS Index is a subset of the GlobalInflation-Linked Index, with a 38.5% market value weight inthe index.Barclays U.S. Universal Bond Index: Represents theunion of the U.S. Aggregate Bond Index, U.S. CorporateHigh-Yield Index, Investment-Grade 144A Index, EurodollarIndex, U.S. Emerging Markets Index, and the non-ERISA eli-gible portion of the CMBS Index. The index covers USD-denominated, taxable bonds that are rated either invest-ment-grade or below investment-grade. Securities are notdouble-counted in the index.BofAML 3-Month U.S. Treasury Bill Index: Is comprisedof a single issue purchased at the beginning of the monthand held for a full month. Each month the index is rebalancedand the issue selected is the outstanding Treasury Bill thatmatures closest to, but not beyond 3 months from the rebal-ancing date.BofAML All Convertibles/All Qualities Index: Anunmanaged index that measures the performance of U.S.dollar-denominated convertible securities not currently inbankruptcy with a total market value greater than $50 millionat issuance.BofAML High Yield Master II Index: An unmanagedindex that tracks the performance of below-investment-grade, U.S. dollar- denominated corporate bonds publiclyissued in the U.S. domestic market.Citigroup 3 Month T-Bill Index: An index whereby equaldollar amounts of three-month Treasury bills are purchasedat the beginning of each of three consecutive months. Aseach bill matures, all proceeds are rolled over or reinvestedin a new three-month bill. The income used to calculate themonthly return is derived by subtracting the original amountinvested from the maturity value.Citigroup ESBI-Capped Brady Index: Includes Bradybonds and US dollar-denominated emerging market sover-eign debt issued in the global, Yankee, and Eurodollar mar-kets excluding loans, and comprises debt in Africa, Asia,Europe, and Latin America.Citigroup Dollar World Non-U.S. Government BondIndex: A market capitalization-weighted index, unhedged andstated in U.S. dollar terms. The Index is generally considered tobe representative of the world bond market (ex-U.S.). The min-imum maturity for included bonds is one year, and the mini-mum credit quality is BBB-/Baa3 by either S&P or Moody’s.

Custom (Conservative, Moderate, Aggressive)Portfolios Benchmarks: These indices are compositebenchmarks that reflect the weighted average of the bench-marks of the underlying funds in which each specific CustomPortfolio invests.Dow Jones Relative Risk Indices: This is a family ofindices, consisting of Conservative, Moderately Conservative,Moderate, Moderately Aggressive and Aggressive indices.They are designed to allow the evaluation of portfolio returnsbased on the level of risk taken.Dow Jones Target Date Indices: An index family made upof composite indices representing three major asset classes –stocks, bonds and cash. The indices are designed to helpinvestors measure the performance of their “lifecycle” portfo-lios, which tend to start out aggressively to grow assets andend with a conservative mix of investments.Dow Jones-UBS Commodities Index (formerly DowJones AIG Commodities Index): This index is composed offutures contracts on physical commodities traded on U.S.exchanges, with the exception of aluminum, nickel and zinc,which trade on the London Metal Exchange.Dow Jones U.S. Financials Sector Index: Measures theperformance of the financials segment of the U.S. equitymarket, including banks, insurance, real estate, and financialservices. Dow Jones U.S. Healthcare Sector Index: Measures theperformance of the healthcare sector of the U.S. equity market.The index includes companies in the healthcare equipment andservices and pharmaceuticals and biotechnology sectors.Dow Jones U.S. Select Real Estate Investment Trust(REIT) Index: A float-adjusted market capitalization weight-ed index measures the performance of publicly-traded realestate securities (REITs). The index is a sub-set of the DowJones Americas Select RESI and includes only REITs andREIT-like securities.Dow Jones U.S. Select Real Estate Securities IndexSM

(RESI): Represents equity real estate investment trusts (REITs)and real estate operating companies (REOCs) traded in the U.S. Dow Jones U.S. Telecommunications Sector Index:Measures the performance of the telecommunications sectorof the U.S. equity market, including fixed line telecommunica-tions and mobile telecommunications.Dow Jones U.S. Utilities Sector Index: Measures the per-formance of the utilities sector of the U.S. equity market,including electricity and gas, water, and multi-utilities.Dow Jones Wilshire 5000 Total Market Index: Representsthe broadest index for the U.S. equity market, measuring theperformance of all U.S. equity securities with readily availableprice data. The index includes over 6,000 stocks, and reflectsreinvestment of earnings.Dow Jones Wilshire REIT Index: Measures the perform-ance of U.S. publicly traded Real Estate Investment Trusts.FTSE NAREIT U.S. Real Estate Index: An unmanaged mar-ket capitalization index of all tax-qualified Equity REITS listedon the NYSE, AMEX, and the NASDAQ that have 75% or moreof their gross invested book of assets invested directly or indi-rectly in the equity ownership of real estate. The Fund is notsponsored, endorsed, sold or promoted by FTSE InternationalLimited (“FTSE”) and FTSE makes no recommendation regard-ing investing in the Fund. IA SBBI US 30 Day TBill Index: Shows the growth invalue of $100 from 30 day US Treasury bills including grossinterest reinvested.iMoneyNet Taxable Money Funds Index: Measures theequally weighted returns of over 1,600 of the largest taxablemoney market funds.J.P. Morgan Emerging Markets Bond Index Plus: Trackstotal returns for external-currency-denominated debt instru-ments of the emerging markets: Brady Bonds, loans,Eurobonds. Countries covered are Argentina, Brazil, Bulgaria,Colombia, Ecuador, Egypt, Malaysia, Mexico, Morocco,Nigeria, Panama, Peru, the Philippines, Poland, Russia, SouthAfrica, Turkey, Ukraine, and Venezuela.JPM GBI Global Ex US TR Hdg USD: The J.P. Morgan GBIseries provides a comprehensive measure of local currencydenominated fixed rate government debt issued in developedmarkets. The series consists of five core index products cover-ing developed markets. The broadest series tracks 27 countries.Lifetime Funds Custom Benchmarks: These indices arecomposite benchmarks that reflect the weighted average ofthe benchmarks for the underlying funds in which each specif-ic Lifetime Fund invests.Lipper Balanced Funds Index: Represents the average ofthe 30 largest qualifying mutual funds (based on year-end totalnet assets) for the investment objective (to conserve principalby maintaining a balanced portfolio of stocks and bonds).Typically, the stock/bond ratio ranges around 60%/40%.Lipper Emerging Markets Funds Index: is an equal dollarweighted index of the 30 largest qualifying mutual funds in

the Lipper Emerging Markets universe (based on year-endtotal net assets).Lipper Flexible Portfolio Funds Index: Represents the aver-age of the 30 largest qualifying mutual funds in the LipperFlexible Portfolio investment objective category (based on year-end total net assets). The mutual funds that comprise the Indexallocate their investments across various asset classes, includ-ing domestic common stocks, bonds and money market instru-ments, with a focus on total return.Lipper Global Funds Index: Represents the average of the30 largest qualifying mutual funds (based on year-end total netassets) for the investment objective (to invest at least 25% ofits portfolio in securities traded outside of the United States).These funds may own U.S. securities as well.Lipper High Yield Bond Funds Index: Represents the aver-age of the 30 largest qualifying mutual funds (based on year-end total net assets) for the investment objective (to seek ahigh [relative] current yield from fixed income securities with-out regard to quality or maturity restrictions). These funds tendto invest in lower-grade debt issues.Lipper International Funds Index: Represents the averageof the 30 largest qualifying mutual funds (based on year-endtotal net assets) for the investment objective (to invest assetsin securities whose primary trading markets are outside theUnited States).Lipper Large-Cap Core Funds Index: Represents the aver-age of the 30 largest qualifying mutual funds (based on year-end total net assets) in the Lipper Large-Cap Universe. Thesefunds, by portfolio practice, invest at least 75% of their equityassets in companies with market capitalizations (on a three-year weighted basis) greater than 300% of the dollar-weight-ed median market capitalization of the middle 1,000 securitiesof the S&P SuperComposite 1500 Index. These funds typicallyhave an average price-to-earnings ratio, price-to-book ratio,and three-year sales-per-share growth value, compared to theS&P 500 Index.Lipper Large-Cap Growth Funds Index: Represents theaverage of the 30 largest qualifying mutual funds (based onyear-end total net assets) in the Lipper Large-Cap Universe.These funds, by portfolio practice, invest at least 75% of theirequity assets in companies with market capitalizations (on athree-year weighted basis) greater than 300% of the dollar-weighted median market capitalization of the middle 1,000securities of the S&P SuperComposite 1500 Index. These fundstypically have an above average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value,compared to the S&P 500 Index.Lipper Large-Cap Value Funds Index: Represents the aver-age of the 30 largest qualifying mutual funds (based on year-end total net assets) in the Lipper Large-Cap Universe. Thesefunds, by portfolio practice, invest at least 75% of their equityassets in companies with market capitalizations (on a three-year weighted basis) greater than 300% of the dollar-weight-ed median market capitalization of the middle 1,000 securitiesof the S&P SuperComposite 1500 Index. These funds typicallyhave a below average price-to-earnings ratio, price-to-bookratio, and three-year sales-per-share growth value, comparedto the S&P 500 Index.Lipper Mid-Cap Core Funds Index: Represents the aver-age of the 30 largest qualifying mutual funds (based on year-end total net assets) in the Lipper Mid-Cap Universe. Thesefunds, by portfolio practice, invest at least 75% of their equi-ty assets in companies with market capitalizations (on athree-year weighted basis) less than 300% of the dollar-weighted median market capitalization of the middle 1,000securities of the S&P SuperComposite 1500 Index. Thesefunds typically have an average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value,compared to the S&P Midcap 400 Index.Lipper Mid-Cap Growth Funds Index: Represents theaverage of the 30 largest qualifying mutual funds (based onyear-end total net assets) in the Lipper Mid-Cap Universe.These funds, by portfolio practice, invest at least 75% of theirequity assets in companies with market capitalizations (on athree-year weighted basis) less than 300% of the dollar-weighted median market capitalization of the middle 1,000securities of the S&P SuperComposite 1500 Index. These fundstypically have an above average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value,compared to the S&P Midcap 400 Index.Lipper Mid-Cap Value Funds Index: Represents the aver-age of the 30 largest qualifying mutual funds (based on year-end total net assets) in the Lipper Mid-Cap Universe. Thesefunds, by portfolio practice, invest at least 75% of their equityassets in companies with market capitalizations (on a three-year weighted basis) less than 300% of the dollar-weightedmedian market capitalization of the middle 1,000 securities ofthe S&P SuperComposite 1500 Index. These funds typicallyhave a below average price-to-earnings ratio, price-to-bookratio, and three-year sales-per-share growth value, comparedto the S&P Midcap 400 Index.

Benchmark Definitions

Lipper Real Estate Funds Index: An equally weightedindex of the 30 largest qualifying mutual funds (based onyear-end total net assets) in the Lipper Real Estate universe.These funds invest at least 65% of their portfolios in equitysecurities of domestic and foreign companies engaged in thereal estate industry.Lipper Science and Technology Funds Index:Represents the average of the 30 largest qualifying mutualfunds in the Lipper Science and Technology universe (basedon year-end total net assets). These funds, by portfolio prac-tice, invest at least 65% of their equity assets in science andtechnology stocks.Lipper Small-Cap Core Funds Index: Represents the aver-age of the 30 largest qualifying mutual funds (based on year-end total net assets) in the Lipper Small-Cap Universe. Thesefunds, by portfolio practice, invest at least 75% of their equityassets in companies with market capitalizations (on a three-year weighted basis) less than 250% of the dollar-weightedmedian of the smallest 500 of the middle 1,000 securities ofthe S&P SuperComposite 1500 Index. These funds typicallyhave an average price-to-earnings ratio, price-to-book ratio,and three-year sales-per-share growth value, compared to theS&P SmallCap 600 Index.Lipper Small-Cap Growth Funds Index: Represents theaverage of the 30 largest qualifying mutual funds (based onyearend total net assets) in the Lipper Small-Cap Universe.These funds, by portfolio practice, invest at least 75% of theirequity assets in companies with market capitalizations (on athree-year weighted basis) less than 250% of the dollar-weighted median of the smallest 500 of the middle 1,000 secu-rities of the S&P SuperComposite 1500 Index. These funds typ-ically have an above average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value, com-pared to the S&P SmallCap 600 Index.Lipper Small-Cap Value Funds Index: Represents the aver-age of the 30 largest qualifying mutual funds (based on year-end total net assets) in the Lipper Small-Cap Universe. Thesefunds, by portfolio practice, invest at least 75% of their equityassets in companies with market capitalizations (on a three-year weighted basis) less than 250% of the dollar-weightedmedian of the smallest 500 of the middle 1,000 securities ofthe S&P SuperComposite 1500 Index. These funds typicallyhave a below average price-to-earnings ratio, price-to-bookratio, and three-year sales-per-share growth value, comparedto the S&P SmallCap 600 Index.Morningstar Technology Sector Index: Tracks the per-formance of publicly traded companies engaged in the design,development, and support of computer operating systems andapplications.MSCI All Country Far East Ex. Japan Index: A free float-adjusted market capitalization weighted index that is designedto measure the equity market performance of the Far East,excluding Japan.MSCI All Country World Ex. U.S. Index: is a free float-adjusted market capitalization weighted index that is designedto measure the equitymarket performance of developed andemerging markets. As of December 2011 the MSCI ACWI ex-US consisted of 44 countries comprising 23 developed and 21emerging market country indices. The developed market coun-try indices included are: Australia, Austria, Belgium,Canada,Denmark, Finland, France, Germany, Greece, HongKong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand,Norway, Portugal, Singapore, Spain, Sweden, Switzerland, theUnited Kingdom. The emerging market country indices includ-ed are: Brazil, Chile, China, Colombia, Czech Republic, Egypt,Hungary, India, Indonesia, Korea, Malaysia, Mexico, Morocco,Peru, Philippines, Poland, Russia, South Africa, Taiwan,Thailand, and Turkey.MSCI All Country World Ex. U.S. Growth Index: Includesthose firms in the MSCI All Country World Ex. U.S. Index withhigher price to book value (P/BV) ratios.MSCI EAFE Growth Index (net): A market capitalization-weighted index comprised of those firms in the MSCI EAFEIndex with higher price/book value (P/BV) ratios relative totheir respective MSCI country index, and assumes reinvest-ment of dividends after withholding tax.MSCI EAFE Index (net): A market capitalization-weightedindex comprised of companies representative of the marketstructure of 21 developed market countries in Europe, Australiaand the Far East. The MSCI EAFE Index is available both inlocal currency and U.S. dollar terms. The returns shown in theperformance chart are calculated with dividends reinvestedand are net of foreign withholding tax.MSCI EAFE Value Index (net): A market capitalization-weighted index comprised of those firms in the MSCI EAFEIndex with lower price/book value (P/BV) ratios relative to theirrespective MSCI country index.MSCI EMF Index (net): A market capitalization-weightedindex comprised of companies representative of the marketstructure of 25 emerging market countries open to foreigninvestment. The MSCI EMF Index excludes closed markets andthose shares in otherwise open markets that are not available

for purchase by foreigners. The returns shown in the perform-ance chart are calculated with dividends reinvested and arenet of foreign withholding tax. The index is available both inlocal currency and U.S. dollar terms.MSCI EM (Emerging Markets) Latin America Index: Is afree float-adjusted market capitalization weighted index that isdesigned to measure the equity market performance of emerg-ing markets in Latin America.MSCI Europe Index: Is a free float-adjusted market capital-ization weighted index that is designed to measure the equitymarket performance of the developed markets in Europe(includes 16 countries).MSCI Japan Index: Measures the performance of theJapanese equity market, listed in U.S. dollars, with net divi-dends reinvested.MSCI Metals/Mining Index: Consists of companies con-ducting business in the aluminum, diversified metals and min-ing, gold, precious metals and minerals and steel industries.MSCI Pacific Index: A free float-adjusted market capitaliza-tion-weighted index that is designed to measure the equitymarket performance of the developed markets in the Pacificregion.MSCI Pacific Free Index: Same constituents as MSCIPacific Index, the “Free” index captures the history of certain ofthose constituents that were not deemed “developed” in pre-vious years.MSCI US REIT Index: A free float market capitalizationweighted index that is comprised of Equity real estate invest-ment trust (REITs) securities that belong to the MSCI USInvestable Market 2500 Index.MSCI World Growth Index (net): A market capitalization-weighted index comprised of that half of the MSCI World Indexwith higher price/book value (P/BV) ratios relative to theirrespective MSCI country index. The returns shown in the per-formance chart are calculated with dividends reinvested andnet of foreign withholding tax.MSCI World Index: Is a free float-adjusted market capital-ization weighted index that is designed to measure the equitymarket performance of developed markets (includes 24 coun-tries in the North America, Europe, and Asia/Pacific region).MSCI World Ex US Index: Designed to provide a broadmeasure of equity performance throughout the world (with theexception of U.S.-based companies) and includes both devel-oped and emerging markets.MSCI World Real Estate Index: A sub-index of the MSCIWorld Index representing only securities in the GICS RealEstate Industry Group.MSCI World Small Cap Index: Attempts to represent thebusiness activities of small cap companies across developedmarkets. MSCI selects the most liquid securities relative totheir market capitalization, and targets for index inclusion 40%of the full market capitalization of the eligible small cap uni-verse within each industry group, within each country.MSCI World Value Index (net): A market capitalization-weighted index comprised of that half of the MSCI World Indexwith lower price/book value (P/BV) ratios relative to theirrespective MSCI country index.National Association of Real Estate InvestmentFiduciaries (NCREIF) Open-End Diversified Core EquityFund Index (NFI-ODCE): This index measures fund perform-ance in the private real estate industry by aggregating the per-formance of a group of 14 open-end funds with core invest-ment strategies. The component mutual funds invest primarilyin the major property types within the U.S., with modest lever-age. Established in May 2005, the index is released on both agross and net-of-investment- management-fees basis.NYSE Arca Tech Index: Is comprised of 100 listed and over-the-counter securities of companies from different industriesthat produce or deploy innovative technologies to conduct theirbusiness. Industries include computer hardware, software,semiconductors, telecommunications, data storage and pro-cessing, electronics and biotechnology.PRREF Composite Index: A blended benchmark, comprisedof the NCREIF Open-End Diversified Core Equity Index (NFI-ODCE), the S&P Developed Property Index, and the CitigroupU.S. Domestic 3-Month T-Bill Total Return Index, weighted toreflect the investment allocations of the Prudential RetirementReal Estate Fund.Prudential/Lazard LifeStyle Funds Custom Benchmarks:Composite benchmarks that reflect the weighted average ofthe benchmarks for the underlying funds in which eachPrudential/Lazard LifeStyle Fund invests.Retirement Goal Custom Benchmarks: These indices arecomposite benchmarks that reflect the weighted average ofthe benchmarks of the underlying funds in which each specificRetirement Goal Fund invests.Russell 1000® Growth Index: A market capitalization-weighted index that measures the performance of thoseRussell 1000 companies with higher price-to-book ratios andhigher forecasted growth rates.

Russell 1000® Index: A market capitalization-weightedindex that measures the performance of the 1,000 largestcompanies in the Russell 3000® Index, which representsapproximately 92% of the total market capitalization of theRussell 3000 Index.Russell 1000® Value Index: A market capitalization-weighted index that measures the performance of thoseRussell 1000 companies with lower price-to-book ratios andlower forecasted growth rates.Russell 2000® Growth Index: A market capitalization-weighted index that measures the performance of thoseRussell 2000 companies with higher price-to-book ratios andhigher forecasted growth rates.Russell 2000® Index: A market capitalization-weightedindex that measures the performance of the 2,000 smallestcompanies in the Russell 3000® Index, which representsapproximately 8% of the total market capitalization of theRussell 3000 Index.Russell 2000® Value Index: A market capitalization-weighted index that measures the performance of thoseRussell 2000 companies with lower price-to-book ratios andlower forecasted growth rates.Russell 2500® Growth Index: A market capitalization-weighted index that measures the performance of thoseRussell 2500 companies with higher price-to-book ratios andhigher forecasted growth rates.Russell 2500® Index: A market capitalization-weightedindex that measures the performance of the 2,500 smallestcompanies in the Russell 3000 Index.Russell 2500® Value Index: A market capitalization-weighted index that measures the performance of thoseRussell 2500 companies with lower price-to-book ratios andlower forecasted growth rates.Russell 3000 Growth Index: A market capitalization-weighted index that measures the performance of thoseRussell 3000 companies with higher price-to-book ratios andhigher forecasted growth rates.Russell 3000 Value Index: A market capitalization-weight-ed index that measures the performance of those Russell3000 Index companies with lower price-to-book ratios andlower forecasted growth rates. The stocks in this index arealso members of either the Russell 1000 Value or the Russell2000 Value indexes. Russell 3000® Index: A market capitalization-weightedindex that measures the performance of the 3,000 largestU.S. companies based on total market capitalization, whichrepresents approximately 98% of the investable U.S. equitymarket.Russell Greater China Index: A regional index coveringboth developed and emerging markets in China, Hong Kongand Taiwan.Russell Midcap® Growth Index: A market capitalization-weighted index that measures the performance of thoseRussell Midcap companies with higher price-to-book ratiosand higher forecasted growth rates. The stocks are alsomembers of the Russell 1000® Growth Index.Russell Midcap® Index: A market capitalization-weightedindex that measures the performance of the 800 smallestcompanies in the Russell 1000® Index, which representapproximately 30% of the total market capitalization of theRussell 1000 Index.Russell Midcap® Value Index: A market capitalization-weighted index that measures the performance of thoseRussell Midcap companies with lower price-to-book ratiosand lower forecasted growth rates. The stocks are alsomembers of the Russell 1000® Value Index.S&P 1500 Consumer Discretionary Index: This is anunmanaged capitalization- weighted index comprising com-panies in the Consumer Discretionary sector as determinedby S&P. Total returns for the index include the reinvestmentof dividends and capital gain distributions, but do not reflectthe costs of managing a mutual fund.S&P 1500 Energy Index: This is an unmanaged capital-ization-weighted index comprising companies in theEnergy sector as determined by S&P. Total returns for theindex include the reinvestment of dividends and capitalgain distributions, but do not reflect the costs of managinga mutual fund.S&P 1500 Industrials Index: This is an unmanaged cap-italization-weighted index comprising companies in theIndustrials sector as determined by S&P. Total returns forthe index include the reinvestment of dividends and capi-tal gain distributions beginning on January 1, 2002. Indexreturns with reinvested dividends and distributions areunavailable prior to that date. Total returns for the indicesinclude the reinvestment of dividends and capital gain dis-tributions, but do not reflect the costs of managing amutual fund.

S&P 500® Index: Unmanaged index with over US $5.58 tril-lion benchmarked (index assets comprising approximatelyUS $1.31 trillion of this total) that includes 500 leading com-panies in leading industries of the U.S. economy, capturing75% coverage of U.S. equities.S&P 500 Technology Index: Standard & Poor’s offers sec-tor indices on the S&P 500 based upon the Global IndustryClassification Standard (GICS®). This standard is jointlyowned by Standard & Poor’s and MSCI. Each stock is classi-fied into one of 10 sectors, 24 industry groups, 64 industriesand 139 sub-industries according to their largestsource ofrevenue. Standard & Poor’s and MSCI jointly determine allclassifications. The 10 sectors are Consumer Discretionary,Consumer Staples, Energy, Financials, Health Care,Industrials, Information Technology, Materials,Telecommunication Services and Utilities. These indices arecalculated using the same guiding principles that apply to allStandard & Poor’s indices.S&P 500 Value Index: A style index resulting from the divi-sion of the parent index (S&P 500), whose stocks are meas-ured using three factors: book value to price ratio, earningsto price ratio, and sales to price ratio.S&P Completion Index: Is a sub-index of the S&P TotalMarket Index, including all stocks eligible for the S&P TMIand excluding all current constituents of the S&P 500®. Theindex covers approximately 4,000 constituents, offeringinvestors broad exposure to mid, small, and micro cap com-panies. Since it follows the same construction guidelinesand free float methodology as the S&P 500, they seamless-ly integrate and move in sync without overlapping constituents.S&P Composite 1500® Index: Combining the S&P 500®,S&P MidCap 400® and S&P SmallCap 600® indices is an effi-cient way to create a broad market portfolio representingabout 85% of U.S. equities. This combination addresses theneeds of investors wanting broader exposure beyond theS&P 500®.S&P Developed Property Index: An investable indexincluding approximately 400 stocks from 22 countries. TheIndex is a sub-index of the S&P Global Property Index, whichdefines and measures the investable universe of publiclytraded property companies.S&P MidCap 400 Index: Includes 400 companies, and rep-resents about 7% of the U.S. equities market. To be eligiblefor addition to the index, companies must have a market cap-italization between US $1 billion and US $4.4 billion.S&P North American Natural Resources Sector Index:Modified-capitalization weighted index which represents UStraded securities across the GICS classification sector forNatural Resources that are current members of the S&PTotal Market Index or the S&P/TSX Composite Index. Eachstock is capped at 7.5%. S&P Small Cap 600 Index: Includes 600 companies andrepresents about 3% of the U.S. equities market. To be eligi-ble for addition to the index, companies must have a marketcapitalization between US $300 million and US $1.4 billion.S&P Total Market Index: Is a combination of the S&P500® and the S&P Completion Index, and offers broad expo-sure to large, mid, small, and micro cap companies. S&PTotal Market Index includes all common equities listed onthe NYSE (including NYSE Arca), the NYSE Alternext, theNASDAQ Global Select Market, the NASDAQ Global Marketand the NASDAQ Capital Market.The Morningstar Lifetime Moderate Indices: This seriesof indices represents portfolios of global equities, bonds andtraditional inflation hedges such as commodities and TIPS.The portfolios are held in proportions appropriate for U.S.investors who expect to retire during the indicated year. TheModerate risk profile is for investors who are comfortablewith average exposure to equity market volatility.The Morningstar Target Risk Index family: Designedto meet the benchmarking needs of target risk investors byoffering an objective yardstick for performance compari-son. The family consists of five indexes covering equityrisk preferences ranging from aggressive to conservative.U.S. Treasury 6 Month Certificate of Deposit (CD)Index: The average of the secondary market interest ratesfor nationally traded 6 month certificates of deposit.U.S. Treasury T-Bill Auction Average 3-Month Index:Value is derived from the past month’s weekly Treasury Billauction rate averages.Vanguard Balanced Composite Index: Made up of twounmanaged benchmarks, weighted 60% Dow Jones Wilshire5000 Index and 40% Barclays U.S. Aggregate Bond Indexthrough May 31, 2005; 60% MSCI U.S. Broad Market Indexand 40% Barclays U.S. Aggregate Bond Index thereafter.Wellington Composite Index: is a combination of unman-aged industry benchmarks: 65% S&P 500 Index and 35%Barclays Credit A or Better Index. Prior to March 1, 2000,weighted 65% S&P 500 Index and 35% Barclays Long CreditAA or Better Index.


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0160317 RSFS060 0160317-00003-00

Guaranteed Income Fund Third Quarter 2013 Fund Fact Sheet

Key Facts ISSUER: Prudential Retirement Insurance and Annuity Company INVESTMENT ADVISER: Prudential Investment Management, Inc. FUND CATEGORY: Stable Value NET ASSETS: $17,766 Million INCEPTION DATE: January 1, 1981

Investor Risk Profile This Fund may be suitable for investors who seek: ■ Preservation of capital plus competitive

intermediate-term returns. ■ Liquidity and income.

Commercial Mortgage Loans1 18% Public Corporate Bonds 37% Private Securities 21% CMO/CMBS2 11% ABS3 5% Agency MBS 8% US Treasury & Agencies 0% Other4 0% Cash and Short Term 1%

Portfolio Allocation As of 09/30/2013

Guarantee Quality AA- Average Duration 3.7 Total High Yield Exposure 4.95% (included in the above allocations)

U.S. Treasury Rates As of 09/30/2013

Objective & Structure The Guaranteed Income Fund (GIF) is a Stable Value fund designed to provide safety of principal, liquidity,and a competitive rate of return. The Fund Offers ■ Stability of crediting rate ■ Guaranteed protection of principal and accumulated interest from market volatility ■ Intermediate-term fixed income returns Features ■ Principal and accumulated interest are fully guaranteed by Prudential Retirement Insurance and Annuity

Company (PRIAC). ■ The guaranteed interest rate is announced in advance and is guaranteed for a six-month period.5 A

minimum rate will apply. ■ GIF invests in a broadly diversified, fixed-income portfolio within PRIAC’s general account. The portfolio

is primarily invested in public bonds, commercial mortgages and private placement bonds.

1 May include agriculture loans, transfer employee mortgages and residential mortgages 2 Includes RMBS = Residential Mortgage Backed Securities, CMO = Collateralized Mortgage Obligation Securities, CMBS = Commercial

Mortgage Backed Securities 3 ABS = Asset Backed Securities 4 May include equity, real estate and derivatives used to hedge various risks 5 An annual rate guarantee may apply to certain 403(b) or nonqualified plan arrangements. Contact Prudential for further information. Portfolio allocation is subject to change. Claims-paying ratings represents the opinions of rating agencies regarding the financial ability of an insurance company to meet itsobligations under its insurance policies. According to Standard & Poor's publications, an insurer rated ‘AA-’ (4th category of 21) has verystrong financial security characteristics, differing only slightly from those rated higher. An insurer rated “AAA” has extremely strongfinancial security characteristics. "AAA" is the highest Insurer Financial Strength Rating assigned by Standard & Poor's. Duration is a time measure (in years) of a fixed income security’s interest-rate sensitivity. Average duration is a weighted average of theduration of the underlying fixed-income securities within the portfolio. The Guaranteed Income Fund (GIF) is a group annuity product issued by Prudential Retirement Insurance and Annuity Company (PRIAC),Hartford, CT 06103. Amounts contributed to the contract are deposited in PRIAC’s general account. Payment obligations and the fulfillmentof any guarantees specified in the group annuity contract are insurance claims supported by the full faith and credit of PRIAC. However, ifyou are a participant in an unfunded nonqualified deferred compensation plan, GIF may be only a reference account that is used todetermine the plan’s liability to you, and may not represent an actual investment in the group annuity. PRIAC periodically resets the interestrate credited on contract balances, subject to a minimum rate specified in the group annuity contract. The minimum interest rate may begreater for certain 403(b) or nonqualified plan arrangements. Contact Prudential for further information. Past interest rates are not indicativeof future rates. This product is neither a mutual fund nor a bank product. The obligations of PRIAC are not insured by the FDIC or any otherfederal governmental agency. Contract form # GA-2020-IA-0805 or state variation thereof. Prudential Retirement is compensated in connection with this product when general account investment returns exceed the interestcredited on contract balances. Prudential Retirement may earn fee revenue in addition to the foregoing compensation if your plan hasagreed to pay contract charges, which are sometimes paid in respect of plan and participant recordkeeping and distribution services. Forsome plans, Prudential Retirement uses a portion of its aggregate compensation to satisfy the plan’s request for allowances and forpayments to defray plan expenses. If Prudential Retirement’s aggregate compensation from this product and from other plan investmentproducts exceeds the costs of servicing your plan, Prudential Retirement earns a profit; otherwise we incur a loss. Frequent exchanging between plan investment options may harm long-term investors. Your plan or the plan’s investment funds may haveprovisions to deter exchanges that may be abusive. These policies may require us to modify, restrict or suspend purchase or exchangeprivileges and/or impose redemption fees. Prudential Investment Management Inc. (PIM) is a Prudential Financial company. PIM is a registered investment adviser. © 2013 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges areservice marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

0156210

Third Quarter 2013 Fund Fact Sheet

American Funds Bond Fund of Amer R3

Portfolio Characteristics As of 6/30/2013

FFuunndd IInnddeexx Effective Duration (Yrs) 4.45 NAAverage Maturity (Yrs) NA NA

Top Five Holdings As of 6/30/2013

Fannie Mae Single Family TBA 3.5% 2043-07-01 ...... 2.85% Fannie Mae Single Family TBA 4% 2043-07-01 ......... 2.00% US Treasury Note 1% ................................................. 1.87% US Treasury Note 0.875% .......................................... 1.52% GNMA 3.5% ................................................................ 1.31%

Key Facts INVESTMENT ADVISOR:

Capital Research and ManagementCompany

FUND CATEGORY:

Intermediate-Term Bond

INDEX: Barclays US Govt/Credit 5-10 Yr TR USD®

NET ASSETS: $801.7 Million INCEPTION DATE: 6/4/2002TICKER SYMBOL: RBFCXGROSS EXPENSE RATIO: 0.92% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 1021OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS: Wesley K.-S. Phoa David A. Daigle

John H. Smet David A. Hoag

Mark H. Dalzell OOvveerraallll MMoorrnniinnggssttaarr RRaattiinngg as of quarter ending 09/30/2013. The Morningstar Rating shown is for the share class of this Fund only; other classes may have different performance characteristics. ©2013 Morningstar, Inc. All Rights Reserved. Additional Morningstar information is available in the User Guide.

Investor Risk Profile

MorningstarStyle BoxTM As of 09/30/2013

The vertical axis represents the Fund's average credit quality as measured by Standard & Poor's rating service.

High >= AA Medium <AA and >=BBB Low <BBB

The horizontal axis represents the Fund's sensitivity to interest rates as measured by the average effective duration:

Ltd <=3.5 Yrs Mod > 3.5 Yrs and <=6 Yrs Ext > 6 Yrs

Results of $10,000 Investment*

0

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10,000

15,000

20,000

02 03 04 05 06 07 08 09 10 11 12

American Funds Bond Fund of Amer R3 $15,280

Annual Performance* Fund Index 22001122 22001111 22001100 22000099 22000088

5.55% 6.15% 6.94% 14.54% -12.52%

7.21% 10.79% 9.42% 6.50% 5.06%

Top Five Sectors As of 6/30/2013

US Corporate ................................................................... 30.86% Government ..................................................................... 27.34% Securitized ...................................................................... 27.05%Cash (%of FI assets)........................................................14.02%

Municipal .......................................................................... 0.73%

Quality Distribution As of 6/30/2013

AAA 63.41%BBB 13.12%A 12.78%AA 5.02%B 2.64%BB 1.56%Below B 1.01%Not Rated 0.45%

Holdings and Sector allocations are ranked as a percentage of net assets and subject to change without notice.

Performance*(%) As of 09/30/2013

Cumulative Returns Average Annual Total Returns

QTD YTD 1 Year 3 Year 5 Year 10 Year Since

Inception Fund 0.75 -2.09 -1.74 2.64 5.07 3.38 NA Index 0.59 -3.00 -2.37 3.79 7.56 5.38 --- Morningstar RatingTM �� # of Funds in Category 1179 1021 876 618

*Fees that Prudential Retirement and its affiliates receive in connection with plan investments in this fund include a 12b-1 fee of up to 0.50% and may include an annual sub-accounting and/or servicing fee of up to 0.15%. Such fees, if applicable to this fund, compensate Prudential Retirement for selling the fund’s shares and servicing your retirement plan. The fund’s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this fund may have a lower expense ratio, but your plan’s investment options do not include such shares to compensate us for distribution and plan servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges. Prospectus: Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus, and if available the summary prospectus, contain complete information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and if available, a summary prospectus that contain this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available, carefully before investing. It is possible to lose money when investing in securities. Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for Benchmark definitions. Fund shares are offered to your plan by Prudential Investment Management Services LLC, Three Gateway Center, Newark, NJ 07102. © 2013 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks to provide as high a level of current income as is consistent with the preservation of capital. The fund normally invests at least 80% of assets in bonds and other debt securities. It invests a majority of its assets in debt securities with quality ratings of A3 or better or A- or better. The fund may also invest in debt securities and mortgage-backed securities issued by government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government. It invests in debt securities with a wide range of maturities. There is no assurance the objectives of the Fund will be met. SShhaarreess ooff tthhiiss FFuunndd aarree nneeiitthheerr iissssuueedd nnoorr gguuaarraanntteeeedd bbyy tthhee UU..SS.. GGoovveerrnnmmeenntt.. Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise.

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0156210


Ave Maria Bond


FFuunndd IInnddeexx Effective Duration (Yrs) NA NAAverage Maturity (Yrs) NA NA


US Treasury Note 2.625% .......................................... 2.33% US Treasury Note 2.5% .............................................. 2.30% US Treasury Note 1.375% .......................................... 2.27% US Treasury Note 2.5% .............................................. 1.89% US Treasury Note 0.875% .......................................... 1.84%


Schwartz Investment Counsel Inc

FUND CATEGORY:



NET ASSETS: $140.8 Million INCEPTION DATE: 5/1/2003TICKER SYMBOL: AVEFXGROSS EXPENSE RATIO: 0.72% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 1021OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS: Brandon S. Scheitler Richard L. Platte, Jr., CFA

OOvveerraallll MMoorrnniinnggssttaarr RRaattiinngg as of quarter ending 09/30/2013. The Morningstar Rating shown is for the share class of this Fund only; other classes may have different performance characteristics. ©2013 Morningstar, Inc. All Rights Reserved. Additional Morningstar information is available in the User Guide.


MorningstarStyle BoxTM

Data Not Available


0

5,000

10,000

15,000

20,000

03 04 05 06 07 08 09 10 11 12 13

Ave Maria Bond $15,748


4.63% 3.34% 6.66% 10.17% 0.30%

7.21% 10.79% 9.42% 6.50% 5.06%


US Corporate ................................................................... 45.70% Cash (%of FI assets)........................................................ 31.88% Government ..................................................................... 22.42%

Quality Distribution

Data Not Available





Inception Fund 1.42 3.79 4.39 4.11 5.37 4.65 NA Index 0.59 -3.00 -2.37 3.79 7.56 5.38 --- Morningstar RatingTM �� # of Funds in Category 1179 1021 876 618


OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks preservation of principal with a reasonable level of current income. The fund invests primarily (80% or more of its net assets, including the amount of any borrowings for investment purposes) in investment-grade debt securities of domestic issuers, including the U.S. government and its agencies and instrumentalities, corporations and municipalities, as well as mortgage-backed securities and money market instruments. It may invest up to 20% of its net assets in equity securities, which include preferred stocks, common stocks paying dividends and securities convertible into common stock. There is no assurance the objectives of the Fund will be met. SShhaarreess ooff tthhiiss FFuunndd aarree nneeiitthheerr iissssuueedd nnoorr gguuaarraanntteeeedd bbyy tthhee UU..SS.. GGoovveerrnnmmeenntt.. Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise.

0156210


Dreyfus Bond Market Index Inv


FFuunndd IInnddeexx Effective Duration (Yrs) 5.44 NAAverage Maturity (Yrs) 7.39 NA


US Treasury Note 2.25% ............................................ 1.01% US Treasury Note 2.625% .......................................... 0.92% Govt Natl Mtg Asso 3.5% ........................................... 0.89% FNMA .......................................................................... 0.79% US Treasury Note 0.25% ............................................ 0.77%


Dreyfus Corp.

FUND CATEGORY:



NET ASSETS: $923.7 Million INCEPTION DATE: 4/28/1994TICKER SYMBOL: DBMIXGROSS EXPENSE RATIO: 0.41% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 1021OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS: Zandra Zelaya, CFA Nancy G. Rogers









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Dreyfus Bond Market Index Inv $15,469


3.69% 7.42% 5.99% 4.47% 5.58%

7.21% 10.79% 9.42% 6.50% 5.06%


Government ..................................................................... 42.80% Securitized ...................................................................... 31.76% US Corporate ................................................................... 21.07%Cash (%of FI assets)..........................................................3.64%

Municipal .......................................................................... 0.73%


AAA 75.46%

A 11.71%

BBB 7.81%

AA 5.02%





Inception Fund 0.56 -2.29 -2.26 2.37 4.83 4.11 NA Index 0.59 -3.00 -2.37 3.79 7.56 5.38 --- Morningstar RatingTM �� # of Funds in Category 1179 1021 876 618


OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks to match the total return of the Barclays U.S. Aggregate Index. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds that are included in the Barclays U.S. Aggregate Index. In seeking to match index performance, the manager uses a passive management approach and purchases all or a representative sample of the bonds comprising the Barclays U.S. Aggregate Index. To maintain liquidity, it may invest up to 20% of its assets in various short-term, fixed-income securities and money market instruments. There is no assurance the objectives of the Fund will be met. SShhaarreess ooff tthhiiss FFuunndd aarree nneeiitthheerr iissssuueedd nnoorr gguuaarraanntteeeedd bbyy tthhee UU..SS.. GGoovveerrnnmmeenntt.. Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise.

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Invesco High Yield A


FFuunndd IInnddeexx Effective Duration (Yrs) 4.88 NAAverage Maturity (Yrs) 6.71 NA


First Data 144A 8.25% ................................................ 1.06% Mgm Resorts Intl 7.75% ............................................. 0.95% Cricket Comms 7.75% ................................................. 0.95% Tutor Perini 7.625% .................................................... 0.81% Jones Apparel Grp Inc / 6.875% ................................. 0.81%


Invesco Advisers, Inc.

FUND CATEGORY:

High Yield Bond

INDEX: BofAML US HY Master II TR USD®NET ASSETS: $1,012.3 Million INCEPTION DATE: 7/11/1978TICKER SYMBOL: AMHYXGROSS EXPENSE RATIO: 0.98% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 534OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS: Scott Roberts, CFA Darren S. Hughes, CFA









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Invesco High Yield A $26,727


17.51% 1.43% 14.29% 54.09% -25.41%

15.59% 4.38%

15.19% 57.51% -26.39%


US Corporate ................................................................... 96.08% Securitized ........................................................................ 2.73% Cash (%of FI assets).......................................................... 0.87%Government .......................................................................0.32%


B 48.18%

BB 34.57%

Below B 11.14%

Not Rated 6.04%

BBB 2.86%

A 0.31%





Inception Fund 2.15 2.69 6.32 7.96 11.59 8.22 NA Index 2.29 3.79 7.14 8.87 13.35 8.71 --- Morningstar RatingTM �� # of Funds in Category 625 534 462 319

*Fees that Prudential Retirement and its affiliates receive in connection with plan investments in this fund include a finder's fee, a 12b-1 fee of up to 0.25%, and an annual sub-accounting and/or servicing fee of up to 0.45%. Such fees, if applicable to this fund, compensate Prudential Retirement for selling the fund’s shares and servicing your retirement plan. The fund’s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this fund may have a lower expense ratio, but your plan’s investment options do not include such shares to compensate us for distribution and plan servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges. Prospectus: Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus, and if available the summary prospectus, contain complete information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and if available, a summary prospectus that contain this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available, carefully before investing. It is possible to lose money when investing in securities. Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for Benchmark definitions. Fund shares are offered to your plan by Prudential Investment Management Services LLC, Three Gateway Center, Newark, NJ 07102. © 2013 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks total return, comprised of current income and capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in debt securities that are determined to be below investment grade quality, and in derivatives and other instruments that have economic characteristics similar to such securities. It may invest in preferred stocks and convertible securities, which are securities that generally pay interest and may be converted into common stock. The fund may invest up to 25% of its net assets in foreign securities. There is no assurance the objectives of the Fund will be met. SShhaarreess ooff tthhiiss FFuunndd aarree nneeiitthheerr iissssuueedd nnoorr gguuaarraanntteeeedd bbyy tthhee UU..SS.. GGoovveerrnnmmeenntt.. Fixed income investment (bond) funds are subject to interest rate risk; their value will decline as interest rates rise. High yield "junk" bonds involve a greater risk of default of payment of principal and interest than higher-rated bonds. Also, these bonds tend to be less liquid than higher-rated securities. Therefore, an investment in the Fund may not be appropriate for short-term investing.

0156208


American Funds Washington Mutual R2


FFuunndd IInnddeexx Weighted Geometric Market Cap. $76.63 $46.39 Price/Earnings Ratio (Forward) 15.13x 13.27x Price/Book Ratio 2.51x 1.53x 3-Year Earnings Growth Rate (%) 12.35 13.67


Home Depot, Inc. ........................................................ 5.35% Boeing Co .................................................................... 4.76% Chevron Corp ............................................................... 4.37% Merck & Co Inc ........................................................... 3.86% Union Pacific Corp ....................................................... 3.01%



FUND CATEGORY:

Large Value

INDEX: Russell 1000 Value TR USD®NET ASSETS: $750.4 MillionINCEPTION DATE: 5/31/2002TICKER SYMBOL: RWMBXSHARE CLASS: RetirementGROSS EXPENSE RATIO: 1.37% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 1043OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS:

Jeffrey T. LagerAlan N. Berro

Eugene P. Stein, CFAGregory D. Johnson

Ronald B. Morrow OOvveerraallll MMoorrnniinnggssttaarr RRaattiinngg as of quarter ending 09/30/2013. The Morningstar Rating shown is for the share class of this Fund only; other classes may have different performance characteristics. ©2013 Morningstar, Inc. All Rights Reserved. Additional Morningstar information is available in the User Guide.



Domestic equity funds are placed in a category based on the style and size of the stocks they typically own. The style and size parameters are based on the divisions used in the investment style box: Value, Blend, or Growth style and Small, Medium, or Large geometric average market capitalization.


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American Funds Washington Mutual R2 $21,014


11.68% 6.19% 12.43% 18.03% -33.67%

17.51% 0.39%

15.51% 19.69% -36.85%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks to produce income and to provide an opportunity for growth of principal consistent with sound common stock investing. The fund invests primarily in common stocks of established companies that are listed on, or meet the financial listing requirements of, the New York Stock Exchange and have a strong record of earnings and dividends. Its advisor strives to maintain a fully invested, diversified portfolio, consisting primarily of high-quality common stocks. There is no assurance the objectives of the Fund will be met.


Industrials ....................................................................... 21.03% Financial Services ........................................................... 13.07% Energy ............................................................................. 12.32%Healthcare .......................................................................12.25%

Consumer Cyclical ........................................................... 12.02%


US Stocks 88.75%

Non-US Stocks 7.88%

Other 1.73%

Cash 1.6%

US Bonds 0.04%







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Prudential Stock Index A




S&P500 Emini Fut Sep13 ............................................ 3.63% Apple Inc ..................................................................... 2.92% Exxon Mobil Corporation ............................................. 2.48% Microsoft Corporation ................................................. 1.61% Johnson & Johnson .................................................... 1.55%


Prudential Investments LLC

FUND CATEGORY:

Large Blend

INDEX: Russell 1000 TR USD®NET ASSETS: $162.8 MillionINCEPTION DATE: 11/18/1999TICKER SYMBOL: PSIAXSHARE CLASS: AGROSS EXPENSE RATIO: 0.77% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 1372OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS:

Daniel Carlucci, CFAJohn W. Moschberger, CFA






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Prudential Stock Index A $22,571


15.40% 1.72% 14.48% 25.84% -37.10%

16.42% 1.50%

16.10% 28.43% -37.60%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks to provide investment results that correspond to the price and yield performance of the Standard & Poor's 500 Composite Stock Price Index. The fund normally invests over 80% of assets in securities included in the S&P 500 Index in approximately the same proportions as those of the index. It employs a "passively managed"-or index-investment approach, which aims to hold the same mix of stocks as is held in the S&P 500 Index. There is no assurance the objectives of the Fund will be met.


Technology ...................................................................... 16.88% Financial Services ........................................................... 15.29% Healthcare ....................................................................... 12.85%Consumer Cyclical ...........................................................10.89%

Consumer Defensive ....................................................... 10.81%


US Stocks 95.19%

Cash 3.5%

Non-US Stocks 1.31%






*This Fund has been established and managed by affiliates of Prudential Retirement. A portion of the revenue received by those affiliates in connection with this Fund is transferred to Prudential Retirement. The balance is retained by the affiliates. Such fees, if applicable to this fund, compensate Prudential Retirement for selling the fund’s shares and servicing your retirement plan. The fund’s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this fund may have a lower expense ratio, but your plan’s investment options do not include such shares to compensate us for distribution and plan servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges. Prospectus: Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus, and if available the summary prospectus, contain complete information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and if available, a summary prospectus that contain this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available, carefully before investing. It is possible to lose money when investing in securities. Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for Benchmark definitions. Fund shares are offered to your plan by Prudential Investment Management Services LLC, Three Gateway Center, Newark, NJ 07102. © 2013 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

0156208


LKCM Aquinas Value




MetLife Inc .................................................................. 3.18% Adobe Systems Inc ...................................................... 2.94% FMC Corporation ......................................................... 2.91% Zions Bancorporation .................................................. 2.87% JPMorgan Chase & Co ................................................ 2.62%


Luther King Capital Mgmt Corp

FUND CATEGORY:

Large Blend

INDEX: Russell 1000 TR USD®NET ASSETS: $55.2 MillionINCEPTION DATE: 1/3/1994TICKER SYMBOL: AQEIXSHARE CLASS: No LoadGROSS EXPENSE RATIO: 1.54% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 1372OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS:

R. Todd Truitt, CFAMichael C. YeagerPaul W. Greenwell

James B. Orser OOvveerraallll MMoorrnniinnggssttaarr RRaattiinngg as of quarter ending 09/30/2013. The Morningstar Rating shown is for the share class of this Fund only; other classes may have different performance characteristics. ©2013 Morningstar, Inc. All Rights Reserved. Additional Morningstar information is available in the User Guide.





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LKCM Aquinas Value $26,599


12.01% 0.46% 17.25% 32.94% -37.34%

16.42% 1.50%

16.10% 28.43% -37.60%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks to maximize long-term capital appreciation, while incorporating Catholic values investing principles in the investment process. The fund seeks to achieve its investment objective by investing under normal circumstances in equity securities of companies which the Adviser believes to be undervalued relative to a company's earnings. The Adviser's primary strategy in managing the fund is to select securities that generally have below average price to earnings ratios, low price to cash flow characteristics, attractive dividend yields and/or lower price to book value ratios than the overall market. There is no assurance the objectives of the Fund will be met.


Financial Services ........................................................... 21.26% Energy ............................................................................. 16.81% Technology ...................................................................... 13.58%Basic Materials ...............................................................10.56%

Consumer Cyclical ........................................................... 10.43%


US Stocks 96.45%

Non-US Stocks 2%

Cash 1.56%






*Fees that Prudential Retirement and its affiliates receive in connection with plan investments in this fund include a 12b-1 fee of up to 0.25%. Such fees, if applicable to this fund, compensate Prudential Retirement for selling the fund’s shares and servicing your retirement plan. The fund’s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this fund may have a lower expense ratio, but your plan’s investment options do not include such shares to compensate us for distribution and plan servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges. Prospectus: Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus, and if available the summary prospectus, contain complete information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and if available, a summary prospectus that contain this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available, carefully before investing. It is possible to lose money when investing in securities. Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for Benchmark definitions. Fund shares are offered to your plan by Prudential Investment Management Services LLC, Three Gateway Center, Newark, NJ 07102. © 2013 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

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MFS Growth R3




Google, Inc. Class A .................................................... 4.15% Visa, Inc. ...................................................................... 2.43% Danaher Corporation ................................................... 2.20% EMC Corporation ......................................................... 2.15% Precision Castparts Corp. ............................................ 2.13%


Massachusetts Financial Services Co

FUND CATEGORY:

Large Growth

INDEX: Russell 1000 Growth TR USD®NET ASSETS: $300.8 MillionINCEPTION DATE: 4/1/2005TICKER SYMBOL: MFEHXSHARE CLASS: RetirementGROSS EXPENSE RATIO: 1.12% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 1484OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGER:

Eric B. Fischman, CFA






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MFS Growth R3 $22,025


17.12% -0.62% 15.70% 38.16% -37.60%

15.26% 2.64%

16.71% 37.21% -38.44%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks capital appreciation. The fund normally invests in equity securities. Equity securities include common stocks, preferred stocks, securities convertible into stocks, and depositary receipts for such securities. The adviser focuses on investing the fund's assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies (growth companies). The fund may invest its assets in companies of any size and may invest its assets in foreign securities. There is no assurance the objectives of the Fund will be met.


Consumer Cyclical ........................................................... 22.14% Technology ...................................................................... 21.83% Healthcare ....................................................................... 16.14%Industrials .......................................................................11.90%

Financial Services ............................................................. 9.92%


US Stocks 93.41%

Non-US Stocks 4.7%

Cash 1.89%





Inception Fund 10.69 23.04 22.84 17.34 12.28 --- 9.37 Index 8.11 20.87 19.27 16.94 12.07 --- --- Morningstar RatingTM �� --- # of Funds in Category 1668 1484 1302 ---


0156208


RidgeWorth Mid-Cap Value Equity I




Cabot Corporation ....................................................... 2.66% Agilent Technologies Inc ............................................. 2.63% Intersil Corporation ..................................................... 2.56% Lazard Ltd .................................................................... 2.44% Joy Global, Inc. ........................................................... 2.44%


RidgeWorth Investments

FUND CATEGORY:

Mid-Cap Value

INDEX: Russell Mid Cap Value TR USD®NET ASSETS: $2,668.5 MillionINCEPTION DATE: 11/30/2001TICKER SYMBOL: SMVTXSHARE CLASS: InstGROSS EXPENSE RATIO: 1.09% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 363OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGER:

Don Wordell, CFA






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RidgeWorth Mid-Cap Value Equity I $36,679


21.79% -7.31% 27.66% 46.98% -34.79%

18.51% -1.38% 24.75% 34.21% -38.44%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks to provide capital appreciation; current income is as a secondary objective. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in U.S.-traded equity securities of mid-capitalization companies. The subadviser considers mid-capitalization companies to be companies with market capitalizations similar to those of companies in the Russell Midcap® Value Index. There is no assurance the objectives of the Fund will be met. Small and mid sized companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by these companies may fluctuate more than stocks of larger issuers.


Financial Services ........................................................... 18.20% Industrials ....................................................................... 18.17% Real Estate ...................................................................... 12.83%Energy .............................................................................11.56%

Basic Materials ................................................................. 9.90%


US Stocks 91.69%

Non-US Stocks 6.22%

Cash 2.09%






*Fees that Prudential Retirement and its affiliates receive in connection with plan investments in this fund include an annual sub-accounting and/or servicing fee of up to 0.50%. Such fees, if applicable to this fund, compensate Prudential Retirement for selling the fund’s shares and servicing your retirement plan. The fund’s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this fund may have a lower expense ratio, but your plan’s investment options do not include such shares to compensate us for distribution and plan servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges. Prospectus: Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus, and if available the summary prospectus, contain complete information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and if available, a summary prospectus that contain this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available, carefully before investing. It is possible to lose money when investing in securities. Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for Benchmark definitions. Fund shares are offered to your plan by Prudential Investment Management Services LLC, Three Gateway Center, Newark, NJ 07102. © 2013 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

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Ave Maria Catholic Values




GNC Holdings Inc ........................................................ 3.95% Stryker Corporation ..................................................... 3.56% Lowe's Companies Inc. ............................................... 3.56% Halliburton Company ................................................... 3.20% Western Union Company ............................................ 3.11%



FUND CATEGORY:

Mid-Cap Blend

INDEX: Russell Mid Cap TR USD®NET ASSETS: $231.6 MillionINCEPTION DATE: 5/1/2001TICKER SYMBOL: AVEMXSHARE CLASS: No LoadGROSS EXPENSE RATIO: 1.50% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 338OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS:

George P. Schwartz, CFAGregory R. Heilman, CFA






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Ave Maria Catholic Values $25,668


13.34% -1.34% 20.54% 37.60% -36.83%

17.28% -1.55% 25.48% 40.48% -41.46%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks long-term capital appreciation. The fund invests primarily in common stocks believed to be priced at a discount to their true value according to the Adviser's criteria for value. Under normal circumstances, all of its equity investments (which include common stocks, preferred stocks and securities convertible into common stock) and at least 80% of its net assets will be invested in companies meeting its religious criteria (as discussed below). The fund invests in securities of established companies of various market capitalizations. There is no assurance the objectives of the Fund will be met. Small and mid sized companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by these companies may fluctuate more than stocks of larger issuers.


Financial Services ........................................................... 18.48% Consumer Cyclical ........................................................... 18.36% Healthcare ....................................................................... 15.02%Energy .............................................................................14.61%

Technology ...................................................................... 12.52%


US Stocks 94.26%

Cash 3.49%

Other 2.25%







0156208


Ave Maria Opportunity




Avnet Inc ..................................................................... 4.29% Outerwall Inc ............................................................... 4.15% Biglari Holdings, Inc. ................................................... 3.72% Pan American Silver Corporation ................................ 3.26% Weight Watchers International, Inc. ........................... 3.20%



FUND CATEGORY:

Mid-Cap Blend

INDEX: Russell Mid Cap TR USD®NET ASSETS: $46.5 MillionINCEPTION DATE: 5/1/2006TICKER SYMBOL: AVESXSHARE CLASS: OtherGROSS EXPENSE RATIO: 1.46% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 338OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGER:

Timothy S. Schwartz, CFA






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Ave Maria Opportunity $13,918


3.82% 1.29% 19.16% 40.80% -32.19%

17.28% -1.55% 25.48% 40.48% -41.46%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks long-term capital appreciation. The fund invests primarily in common stocks believed to be priced at a discount to their true value according to the Adviser's criteria for value. It may invest in common stocks of companies of any capitalization and, under normal circumstances, will emphasize investments in mid-capitalization ("mid-cap"), small capitalization ("small-cap") and micro capitalization ("micro-cap") companies. Under normal circumstances, all of the fund's equity investments and at least 80% of its net assets will be invested in companies meeting the fund's religious criteria. There is no assurance the objectives of the Fund will be met. Small and mid sized companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by these companies may fluctuate more than stocks of larger issuers.


Technology ...................................................................... 21.34% Consumer Cyclical ........................................................... 20.32% Energy ............................................................................. 15.67%Financial Services ...........................................................13.10%

Industrials ....................................................................... 12.78%


US Stocks 82.69%

Cash 10.07%

Non-US Stocks 5.72%

Other 1.52%





Inception Fund 5.97 16.96 18.73 11.39 8.71 --- 4.50 Index 7.70 24.34 27.91 17.53 12.97 --- --- Morningstar RatingTM �� --- # of Funds in Category 404 338 302 ---

*Fees that Prudential Retirement and its affiliates receive in connection with plan investments in this fund include an annual sub-accounting and/or servicing fee of up to 0.25%. Such fees, if applicable to this fund, compensate Prudential Retirement for selling the fund’s shares and servicing your retirement plan. The fund’s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this fund may have a lower expense ratio, but your plan’s investment options do not include such shares to compensate us for distribution and plan servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges. Prospectus: Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus, and if available the summary prospectus, contain complete information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and if available, a summary prospectus that contain this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available, carefully before investing. It is possible to lose money when investing in securities. Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for Benchmark definitions. Fund shares are offered to your plan by Prudential Investment Management Services LLC, Three Gateway Center, Newark, NJ 07102. © 2013 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

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0156208


Prudential Jennison Mid Cap Growth A




SBA Communications Corp ......................................... 2.11% PVH Corp ..................................................................... 2.08% Henry Schein, Inc. ....................................................... 2.06% Dollar Tree Stores, Inc. ............................................... 2.05% VeriSign, Inc. ............................................................... 1.99%


Prudential Investments LLC

FUND CATEGORY:

Mid-Cap Growth

INDEX: Russell Mid Cap Growth TR USD®NET ASSETS: $3,669.2 MillionINCEPTION DATE: 12/31/1996TICKER SYMBOL: PEEAXSHARE CLASS: AGROSS EXPENSE RATIO: 1.06% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 634OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGER:

John P. Mullman, CFA






05,000

10,00015,00020,00025,00030,00035,00040,000

02 03 04 05 06 07 08 09 10 11 12

Prudential Jennison Mid Cap Growth A $38,622


15.89% 2.11% 19.98% 40.57% -36.17%

15.81% -1.65% 26.38% 46.29% -44.32%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks long-term capital appreciation. The fund normally invests at least 80% of its investable assets in equity and equity-related securities of medium-sized companies with the potential for above-average growth. In deciding which equities to buy, it uses what is known as a growth investment style. The fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. There is no assurance the objectives of the Fund will be met. Small and mid sized companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by these companies may fluctuate more than stocks of larger issuers.


Technology ...................................................................... 20.49% Healthcare ....................................................................... 16.65% Consumer Cyclical ........................................................... 16.03%Industrials .......................................................................13.97%

Consumer Defensive ......................................................... 9.59%


US Stocks 91.31%

Non-US Stocks 6.78%

Cash 1.9%






*This Fund has been established and managed by affiliates of Prudential Retirement. A portion of the revenue received by those affiliates in connection with this Fund is transferred to Prudential Retirement. The balance is retained by the affiliates. Such fees, if applicable to this fund, compensate Prudential Retirement for selling the fund’s shares and servicing your retirement plan. The fund’s expense ratio includes these fees. Other investment options may generate more or less revenue than the fees associated with this fund. If the aggregate revenue from your plan exceeds our associated costs, we earn a profit. Otherwise, we incur a loss. Other share classes of this fund may have a lower expense ratio, but your plan’s investment options do not include such shares to compensate us for distribution and plan servicing. Performance: The performance quoted represents past performance. The investment value and return will fluctuate so that an investment, when redeemed, may be worth more or less than original cost. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-877-778-2100. These performance results represent the change in net asset value of an investment over a stated period, assuming the reinvestment of dividends and capital gain distributions. Market Timing: Frequent exchanging of investment options may harm long-term investors. Your plan and/or the fund have policies to detect and deter exchanges that may be abusive. Those policies may require us to modify or suspend purchase or exchange privileges. Prospectus: Investors should consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus, and if available the summary prospectus, contain complete information about the investment options available through your plan. Please call 1-877-778-2100 for a free prospectus and if available, a summary prospectus that contain this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available, carefully before investing. It is possible to lose money when investing in securities. Benchmark performance including the index is unmanaged and cannot be invested in directly. See User Guide for Benchmark definitions. Fund shares are offered to your plan by Prudential Investment Management Services LLC, Three Gateway Center, Newark, NJ 07102. © 2013 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

0156208


AllianzGI NFJ Small-Cap Value A


FFuunndd IInnddeexx Weighted Geometric Market Cap. $2.57 $1.11 Price/Earnings Ratio (Forward) 14x 16.66x Price/Book Ratio 1.65x 1.33x 3-Year Earnings Growth Rate (%) 13.34 13.56


Cooper Companies ...................................................... 1.49% Alliant Techsystems Inc .............................................. 1.47% Belden, Inc. ................................................................. 1.36% Energen Corp ............................................................... 1.32% Bristow Group, Inc. ...................................................... 1.32%


Allianz Global Inv Fund Mgmt LLC

FUND CATEGORY:

Small Value

INDEX: Russell 2000 Value TR USD®NET ASSETS: $2,266.1 MillionINCEPTION DATE: 1/20/1997TICKER SYMBOL: PCVAXSHARE CLASS: AGROSS EXPENSE RATIO: 1.21% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 302OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS:

Morley D. Campbell, CFAJohn R. Mowrey

Benno J. Fischer, CFAPaul A. Magnuson






05,000

10,00015,00020,00025,00030,00035,00040,000

02 03 04 05 06 07 08 09 10 11 12

AllianzGI NFJ Small-Cap Value A $34,659


10.33% 2.11% 24.89% 23.94% -26.45%

18.05% -5.50% 24.50% 20.58% -28.92%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks long-term growth of capital and income. The fund normally invests at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities of companies with smaller market capitalizations. It currently considers smaller market capitalization companies to be companies with market capitalizations of between $100 million and $4 billion. The fund normally invests significantly in securities of companies that the portfolio managers expect will generate income (for example, by paying dividends). There is no assurance the objectives of the Fund will be met. Small and mid sized companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by these companies may fluctuate more than stocks of larger issuers.


Industrials ....................................................................... 23.06% Financial Services ........................................................... 16.88% Basic Materials ............................................................... 13.05%Consumer Cyclical ...........................................................11.02%

Energy ............................................................................... 9.88%


US Stocks 88.47%

Cash 5.76%

Non-US Stocks 3.25%

Other 2.52%







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JPMorgan Small Cap Growth A


FFuunndd IInnddeexx Weighted Geometric Market Cap. $1.67 $1.53 Price/Earnings Ratio (Forward) 25.89x 23.04x Price/Book Ratio 2.95x 3.53x 3-Year Earnings Growth Rate (%) NA 19.79


Financial Engines, Inc. ................................................. 1.63% Wolverine World Wide ............................................... 1.63% Novadaq Technologies Inc. ......................................... 1.55% Middleby Corporation ................................................. 1.53% Dril-Quip, Inc. .............................................................. 1.53%


J.P. Morgan Investment ManagementInc.

FUND CATEGORY:

Small Growth

INDEX: Russell 2000 Growth TR USD®NET ASSETS: $287.8 MillionINCEPTION DATE: 7/1/1991TICKER SYMBOL: PGSGXSHARE CLASS: AGROSS EXPENSE RATIO: 1.44% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 615OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS:

Eytan M. Shapiro, CFAChristopher Mark Jones, CFA






05,000

10,00015,00020,00025,00030,00035,000

02 03 04 05 06 07 08 09 10 11 12

JPMorgan Small Cap Growth A $34,657


12.23% -3.53% 33.77% 38.70% -43.26%

14.59% -2.91% 29.09% 34.47% -38.54%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks long-term capital growth primarily by investing in a portfolio of equity securities of small-capitalization and emerging growth companies. The fund normally invests at least 80% of assets in the securities of small capitalization companies. Small cap companies are companies with market capitalizations equal to those within the universe of the Russell 2000® Growth Index stocks at the time of purchase. In implementing its main strategies, the fund will invest primarily in common stocks. Typically, it invests in securities of companies with a history of above-average growth, as well as companies expected to have above-average growth. There is no assurance the objectives of the Fund will be met. Small and mid sized companies may present greater opportunities for capital appreciation, but may also involve greater risks than larger companies. As a result, the value of stocks issued by these companies may fluctuate more than stocks of larger issuers.


Technology ...................................................................... 29.37% Healthcare ....................................................................... 20.05% Consumer Cyclical ........................................................... 16.14%Industrials .......................................................................15.36%

Financial Services ............................................................. 5.96%


US Stocks 94.83%

Non-US Stocks 3.2%

Cash 1.97%







0156224


American Funds EuroPacific Gr R2










FUND CATEGORY:

Foreign Large Blend

INDEX: MSCI ACWI Ex USA NR USD®NET ASSETS: $1,000.7 Million INCEPTION DATE: 5/31/2002TICKER SYMBOL: RERBXSHARE CLASS: RetirementGROSS EXPENSE RATIO: 1.60% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 697OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS: Jonathan Knowles Sung Lee

Nicholas J. Grace Jesper Lyckeus

Christopher M. Thomsen OOvveerraallll MMoorrnniinnggssttaarr RRaattiinngg as of quarter ending 09/30/2013. The Morningstar Rating shown is for the share class of this Fund only; other classes may have different performance characteristics. ©2013 Morningstar, Inc. All Rights Reserved. Additional Morningstar information is available in the User Guide.



05,000

10,00015,00020,00025,00030,000

02 03 04 05 06 07 08 09 10 11 12

American Funds EuroPacific Gr R2 $26,661


18.32% -14.24% 8.55% 37.97% -41.04%

16.83% -13.71% 11.15% 41.45% -45.53%


Novo Nordisk A/S ....................................................... 3.91% SOFTBANK Corp .......................................................... 3.35% Novartis AG ................................................................. 2.31% Bayer AG ..................................................................... 2.24% Samsung Electronics Co Ltd ........................................ 1.96%

Top Five Countries As of 6/30/2013

Japan .............................................................................. 13.71% United Kingdom .............................................................. 12.68% Germany ............................................................................ 8.63%Switzerland .......................................................................7.97%

France ............................................................................... 6.90%


Non-US Stocks 91.83%Cash 5.04%Other 1.74%US Stocks 0.85%US Bonds 0.25%Preferred 0.19%Non-US Bonds 0.1%

Holdings and Country allocations are ranked as a percentage of net assets and subject to change without notice.

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks long-term growth of capital. The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investment adviser believes have the potential for growth. Growth stocks are stocks that the investment adviser believes have the potential for above-average capital appreciation. It normally invests at least 80% of net assets in securities of issuers in Europe and the Pacific Basin. The fund may invest a portion of its assets in common stocks and other securities of companies in countries with developing economies and/or markets. There is no assurance the objectives of the Fund will be met. Investing in foreign securities presents certain unique risks not associated with domestic investments, such as currency fluctuation and political and economic changes. This may result in greater share price volatility.

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0156224


Columbia Acorn International A









Columbia Wanger Asset Management,LLC

FUND CATEGORY:

Foreign Small/Mid Growth

INDEX: MSCI World Ex US NR USD®NET ASSETS: $1,281.1 Million INCEPTION DATE: 10/13/2000TICKER SYMBOL: LAIAXSHARE CLASS: AGROSS EXPENSE RATIO: 1.31% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 113OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS: P. Zachary Egan, CFA Louis J. Mendes, CFA




05,000

10,00015,00020,00025,00030,00035,00040,00045,000

02 03 04 05 06 07 08 09 10 11 12

Columbia Acorn International A $42,691


21.21% -14.37% 22.23% 50.40% -46.09%

16.41% -12.21% 8.95%

33.67% -43.56%


Far Eastone Telecommunications Co., Ltd. ................. 1.45% CCL Industries Inc. ...................................................... 1.26% Coronation Fund Managers Ltd. .................................. 1.25% Hexagon AB ................................................................ 1.22% Melco Crown Entertainment Ltd ADR ......................... 1.15%


Japan .............................................................................. 21.53% Taiwan .............................................................................. 7.73% United Kingdom ................................................................ 7.59%Canada ..............................................................................4.79%

China ................................................................................. 4.71%


Non-US Stocks 94.76%

US Stocks 2.7%

Other 2.53%


OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 75% of its total assets in foreign companies in developed markets (for example, Japan, Canada and the United Kingdom) and in emerging markets (for example, China, India and Brazil). It normally invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations under $5 billion at the time of investment. There is no assurance the objectives of the Fund will be met. Investing in foreign securities presents certain unique risks not associated with domestic investments, such as currency fluctuation and political and economic changes. This may result in greater share price volatility.

0156224


Invesco International Growth A









Invesco Advisers, Inc.

FUND CATEGORY:

Foreign Large Growth

INDEX: MSCI EAFE Growth NR USD®NET ASSETS: $2,597.5 Million INCEPTION DATE: 4/7/1992TICKER SYMBOL: AIIEXSHARE CLASS: AGROSS EXPENSE RATIO: 1.38% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 230OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS: Richard Nield, CFA Mark Jason, CFA

Clas G. Olsson Matthew W. Dennis, CFA

Shuxin (Steve) Cao, CFA OOvveerraallll MMoorrnniinnggssttaarr RRaattiinngg as of quarter ending 09/30/2013. The Morningstar Rating shown is for the share class of this Fund only; other classes may have different performance characteristics. ©2013 Morningstar, Inc. All Rights Reserved. Additional Morningstar information is available in the User Guide.



05,000

10,00015,00020,00025,00030,00035,000

02 03 04 05 06 07 08 09 10 11 12

Invesco International Growth A $29,331


15.15% -7.04% 12.41% 34.93% -40.77%

16.86% -12.11% 12.25% 29.36% -42.70%


Reed Elsevier PLC ....................................................... 2.52% Compass Group PLC .................................................... 2.27% Sap AG ........................................................................ 2.14% British American Tobacco PLC .................................... 2.11% Roche Holding AG ....................................................... 2.02%


United Kingdom .............................................................. 20.75% Switzerland ....................................................................... 9.85% Germany ............................................................................ 9.66%Canada ..............................................................................8.96%

China ................................................................................. 6.48%


Non-US Stocks 92.54%

Cash 7.46%


OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks long-term growth of capital. The fund invests primarily in equity securities and depositary receipts of foreign issuers. It normally invests in securities of issuers located in at least three different countries outside of the U.S. The fund may also invest up to 1.25 times the amount of the exposure to emerging markets countries in the MSCI ACWI ex USA Growth Index. The fund invests primarily in the securities of large-capitalization issuers; however, the fund may invest a significant amount of its net assets in the securities of mid-capitalization issuers. There is no assurance the objectives of the Fund will be met. Investing in foreign securities presents certain unique risks not associated with domestic investments, such as currency fluctuation and political and economic changes. This may result in greater share price volatility.

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0156207


American Funds American Balanced R2





FUND CATEGORY:

Moderate Allocation

INDEX: Morningstar Moderately Aggr TargetRisk®

NET ASSETS: $1,221.1 MillionINCEPTION DATE: 5/21/2002TICKER SYMBOL: RLBBXSHARE CLASS: RetirementGROSS EXPENSE RATIO: 1.37% of Fund AssetsOVERALL # OF FUNDS IN MORNINGSTAR CATEGORY: 773OVERALL MORNINGSTAR RATINGTM: ��

PORTFOLIO MANAGERS:

Jeffrey T. LagerDina N. PerryJohn H. SmetAlan N. Berro

Eugene P. Stein, CFA OOvveerraallll MMoorrnniinnggssttaarr RRaattiinngg as of quarter ending 09/30/2013. The Morningstar Rating shown is for the share class of this Fund only; other classes may have different performance characteristics. ©2013 Morningstar, Inc. All Rights Reserved. Additional Morningstar information is available in the User Guide.



0

5,000

10,000

15,000

20,000

25,000

02 03 04 05 06 07 08 09 10 11 12

American Funds American Balanced R2 $20,630


13.32% 3.05% 12.14% 20.14% -26.33%

14.33% -1.93% 14.92% 27.55% -30.65%

OObbjjeeccttiivvee//DDeessccrriippttiioonnThe investment seeks conservation of capital, current income and long-term growth of capital and income. The fund uses a balanced approach to invest in a broad range of securities, including common stocks and investment-grade bonds. It also invests in securities issued and guaranteed by the U.S. government and by federal agencies and instrumentalities. In addition, the fund may invest a portion of its assets in common stocks, most of which have a history of paying dividends, bonds and other securities of issuers domiciled outside the United States. Keep in mind that application of asset allocation and diversification concepts does not ensure a profit or protect against loss in a declining market. It is possible to lose money by investing in securities. There is no assurance the objectives of the Fund will be met.


Home Depot, Inc. ........................................................ 3.35% Boeing Co .................................................................... 2.65% Amazon.com Inc .......................................................... 2.39% Chevron Corp ............................................................... 2.31% Wells Fargo & Co ........................................................ 2.29%


Financial Services ........................................................... 18.34% Industrials ....................................................................... 15.73% Consumer Cyclical ........................................................... 13.27% Healthcare ....................................................................... 11.03% Technology ...................................................................... 10.61% Holdings and Sector allocations are ranked as a percentage of net assets and subject to change without notice.







US Stocks 62.81%US Bonds 19.68%Non-US Stocks 8.49%Cash 5.9%Non-US Bonds 1.78%Other 1.33%Preferred 0.01%

Risk Tolerance Quiz

Still not sure what your risk tolerance is? Answer the following questions to help get a clearer picture.

Your experience with various investments can affect how you feel about the investments in your account. Pleaseanswer the following relative to your investment experience oryour comfort level regarding investments

6) One of the investments in your program has performed very well for a few years. If it suddenlydropped 15 percent in 3 months, what would you do?

Sell immediately 0 Hold it 6 Buy more 8

7) You would describe your experience with stocks or stock funds as:

A great deal of experience 6 A fair amount of experience 4 Very little experience 2 None 1

8) You would describe your experience with bonds or bond funds as:

A great deal of experience 5 A fair amount of experience 3 Very little experience 2 None 1

9) You would describe your comfort level with stocks orstock funds as:

A great deal 12 A fair amount 10Very little 4None 0

10) You would describe your comfort level with bonds orbond funds as:

A great deal 7A fair amount 4Very little 3None 0

Please indicate how concerned you are about the following by circling the score next to your answer:

1) The possibility that I won’t earn enough in my account over the long term:

I am very concerned 10 I am somewhat concerned 7I am not concerned 3

2) The possible loss of “buying power” or “quality of life” from the effects of inflation:

I am very concerned 6 I am somewhat concerned 4 I am not concerned 1

3) The possibility of wide swings in the value of my account over 1–3 months:


4) The possibility of wide swings in the value of my account over 1–2 years:


5) Which of the following causes you the most concern about the investments in your account?

My future ability to get back at least the same amount of money that I put in 2 That my money is not earning enough 6How much I have gained or lost this month 0

To determine your score: Add up the points assigned to all ten of your answers.

Total Score: ________

What Your Score Indicates:If you scored 0 – 40 points, you may be a Conservativeinvestor.If you scored 41 – 60 points, you may be a Moderateinvestor.If you scored 61 or more points, you may be anAggressive investor.

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Sub plan number Sub plan name

000001 Archdiocese of Detroit 000002 Diocese of Grand Rapids 000003 Diocese of Saginaw 000004 Diocese of Marquette 000005 Diocese of Lansing 000006 Michigan Catholic Conference 000007 Diocese of Gaylord 000008 Diocese of Kalamazoo

165

Instructions Questions?Call 1-877-778-2100

for assistance.

Please print using blue or black ink. Note: You should use this form if you areenrolling in the plan for the first time. Keep a copy of this form for your records and return theoriginal to your Benefits/Human Resources Office.

Attention: Benefits/Human Resources Office - Please fax or send completed form to Prudential.

AboutYou

area code- - - -

-

0 0 8 1 4 7

Enrollment Form

M F

Date of birth Gender Original date employed

month day year

First name MI Last name

Address

City State ZIP code

Social Security number Daytime telephone number

Plan number Sub plan number

month day year

Married Not married

Michigan Catholic Conference 403(b) Plan

Marital status

qq

InvestmentAllocation

(Please fillout OptionI, Option II,or OptionIII. Do notfill out morethan one option.)

Fill out Option I, Option II or Option III. Please complete only one option.

By completion of Option I or Option II you enroll in GoalMaker, Prudential’s asset allocation program, and you directPrudential to invest your contribution(s) according to a GoalMaker model portfolio that is based on your risk toler-ance and time horizon. You can also direct Prudential to automatically rebalance your account quarterly accordingto the model portfolio chosen. Enrollment in GoalMaker can be canceled at anytime.Please refer to the Retirement Workbook for more information on rebalancing and age adjustment.Option I or Option II must be completed accurately, otherwise your investment allocation will be placed inGoalMaker with age adjustment.Option III must be completed accurately and received by Prudential before assets are accepted; otherwise, contributions will be placed in the default investment option selected by your plan. Upon receipt of your completedenrollment form, all future contributions will be allocated according to your investment selection. You must contactPrudential to transfer any existing funds from the default option.

Ed. 11/2013 Important information and signature required on the following page(s)

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Option I - Choose GoalMaker with Age AdjustmentBy selecting your risk tolerance, and confirming your expected retirement age below, your contributions will be automatically invested in a GoalMaker model portfolio that is based on your risk tolerance and years left until retirement. You also confirm your participation in GoalMaker’s age adjustment feature, which adjusts your allocations over time based on your years left until retirement.

Select Your Risk Tolerance q Conservative q Moderate q Aggressive

Confirm Your Expected Retirement Age

Expected Retirement Age: 6 5q Yes. Please use the default Expected Retirement Age listed aboveq No. Please use as my expected retirement age.

InvestmentAllocation(continued)

(Please fillout OptionI, Option II,or OptionIII. Do notfill out morethan one option.)

Aggressive

GoalMaker Model Portfolio(check one box only)

ModerateConservative

Time Horizon(years until retirement)

0 to 5 Years6 to 10 Years11 to 15 Years

16 + Years

q C01q C02q C03q C04

q M01q M02q M03q M04

q R01q R02q R03q R04

I do not want to take advantage of GoalMaker’s age adjustment feature. Please invest my contributions accordingto the model portfolios selected below.

Option II - Choose GoalMaker without Age Adjustment

OR

Social Security Number_____________________

Option III - Design your own investment allocationIf you would like to design your own asset allocation instead of selecting GoalMaker, designate the percentage ofyour contribution to be invested in each of the available investment options. (Please use whole percentages. Thecolumn(s) must total 100%.)

OR

I wish to allocate my contributions to the Plan as follows:

Percent Allocated

Codes Investment Options

XV Guaranteed Income Fund%HY American Funds Bond Fund of America R3%35 Ave Maria Bond R%4P Dreyfus Bond Market Index Fund%M6 Invesco High Yield Fund A%GQ American Funds American Balanced R2%GS American Funds Washington Mutual R2%7D LKCM Aquinas Value%W6 MFS Growth R3%RV Prudential Stock Index Fund Class A%36 Ave Maria Catholic Values%38 Ave Maria Opportunity%LH Prudential Jennison Mid Cap Growth Class A%IA RidgeWorth Mid-Cap Value Equity I%S3 AllianzGI NFJ Small Cap Value Fund%W1 JPMorgan Small Cap Growth A%GX American Funds EuroPacific Growth Fund R2%77 Columbia Acorn International A%LQ Invesco International Growth Fund A%

1 0 0 Total%

YourAuthorization

Signature X Date

I certify that the information above is accurate and complete. If I have chosen to contribute to the Plan, I givemy employer permission to contribute a portion of my salary to the Plan according to the instructions above.

Social Security Number_____________________

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This page left intentionally blank.

About You(Please printusing blue orblack ink.)

7

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YourBeneficiaryDesignation(See“Instructionsfor ChoosingyourBeneficiary”)

I designate the following as beneficiary of my account with regard to the percentage(s) I have indicated below. Pleaselist additional beneficiaries, along with percentages they are to receive on a separate page, if needed. Indicate whetherthe additional beneficiary(ies) is/are primary or secondary beneficiary(ies).(A) Primary Beneficiary(ies) (B) Secondary Beneficiary(ies)

0 0 8 1 4 7Plan number Sub plan number


First name Last nameMI

Beneficiary Designation Form367

Michigan Catholic Conference 403(b) Plan

FULL LEGAL NAME

Address%

Social Security number Percentage

Date of Birth Relationship to you

Telephone number

FULL LEGAL NAME

Address%



Telephone number

Please use whole percentages – must total 100%

FULL LEGAL NAME

Address%



Telephone number

FULL LEGAL NAME

Address%



Telephone number

Please use whole percentages – must total 100%

Address

City State ZIP code-

Date of birth

month day year

Ed. 11/2013

YourAuthorization

X DateSignature

DID YOU REMEMBER TO:Sign the formInitial any changesUse whole numbers

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General ProvisionsAny benefit will be payable upon your death will be made to the person(s) named on the attached beneficiary form. Please be careful incompleting the form; be sure that your designation is accurate, clear and understandable.

A. The terms of the plan govern the payment of any benefit.

B. Primary beneficiary(ies). If more than one person is named, payment will be made in equal shares to the Primary beneficiary(ies)who is living at the time the benefit first becomes payable. If a percentage is indicated and a Primary beneficiary(ies) is not aliveat the time the benefit first becomes payable, the percentage of that beneficiary's designated share will be divided equally amongthe surviving Primary beneficiary(ies).

C. If there is no Primary beneficiary(ies) living at the time of the participant's death, any benefit that becomes payable will be distributed to the surviving Secondary beneficiary(ies) listed, if applicable.

D. Payment to Secondary beneficiary(ies) will be made according to the rules of succession described under Primarybeneficiary(ies) in provision B above.

E. If no designated beneficiary(ies) is alive when payment is otherwise payable, payment will be made in accordance with the contract.

F. If the option to purchase an annuity is available, once payments have begun, any settlement of any amount thereafter payableshall be governed by the terms of such annuity.

G. If a Trust is named as beneficiary, any payment to the Trust will be made as if the Trustee is acting in such fiduciary capacity untilwritten notice to the contrary is received.

Examples of Beneficiary DesignationsIf you feel that none of the examples below fit the type of beneficiary designation you want, please send a detailed description of whatyou propose to Prudential.

Use the term:

1. "My Living Children" if you want all your children (born or adopted of any marriage) living at the time of payment to equallyshare the benefit. This will also include all such children born or adopted after you completed the form. Do not include the namesof your children if you use this term.

2. "My Living Trust" if you want to designate your Living Trust. You must also give the name(s) of the Trustee(s), name(s) of the successor Trustee(s) (Trustee and Successor Trustee cannot be the participant), the date of the Trust Agreement and theaddress if a bank or trust company is the Trustee.

3. "My Testamentary Trust" if you want to designate the Trust in your Last Will and Testament. Do not name your Trustee.

4. "My Estate" if you want the benefit to be paid to your estate.

5. "(Name), Per Stirpes" if you want the payment(s) to be paid up to and including the second generation of descendants. Forexample, if a beneficiary in such class is not living when a payment is due, such payment will be made in equal shares to anyliving sons and daughters (born or adopted of any marriage), of such beneficiary. If there are no living sons and daughters ofsuch beneficiary when a payment is due, payment will be made to the estate of the last to die of the participant or suchbeneficiary. An example of a correct designation would be Jane Doe, Per Stirpes. 7

367

Please print using blue or black ink. Keep a copy for your records and send the original form to the address above or fax it to1-866-439-8602.

Instructions for Choosing Your Beneficiary30 Scranton Office ParkScranton, PA 18507-1789

Please keep a copy of your records and bring the completed form to your Payroll Office to initiate your contributionupdate. The employer's copy should be used to adjust payroll records and then should be filed permanently. Attention: It is not necessary to return this form to Prudential.

If you are a new participant you must also complete the "Enrollment Form" before authorizing payroll reductions. Your plan administrator or payroll department will be able to furnish you with the name of a qualified enrolling representative or call our toll free number. Unless a properly completed "Enrollment Form" is received, an account cannot be established for you.

You are:

o A new participant o Increasing contributions _______________ o Decreasing contributions

Salary Reduction Agreement Michigan Catholic Conference 403(b) Plan

Instructions

AboutYou

Plan number Sub plan number (if applicable)


First name MI Last name

Questions?Call 1-877-778-2100

for assistance.

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Ed. 3/2001

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81

previous amount

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ContributionAgreement

For the purpose of obtaining the benefits of Section 403(b) of the Internal Revenue Code, until further notice, I authorize my employer to reduce my salary by:

o Weekly o Bi-Weekly o MonthlyBeginning with the pay period date I I I I I I I I I I I

month day yearThe amount of each salary reduction made as described above shall be transmitted to Prudential as a contributionunder the above mentioned plan number issued by Prudential, the terms of which confer upon me non-forfeitablerights to the benefits provided by such contributions. This salary reduction agreement is legally binding and irrevoca-ble with respect to amounts paid while it is in effect. The number of times I may change this agreement is subject toany restrictions in my employer’s 403(b) plan.

YourAuthorization

I hereby authorize my employer to make payroll deductions as I have indicated.

Participant’s signatureX Date

Ed. 3/2001

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Michigan Catholic Conference403(b) Plan

Your Retirement Workbook

Prudential Retirement200 Wood Avenue South

Iselin, NJ 08830

Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo are registered service marks of The Prudential Insurance Company of America, Newark, NJ and its affili-ates. Prudential Retirement is a Prudential Financial business.

008147-000001

0179158 0179178 0179346 0179121-00001-00

147001112501

Your Retirement Workbook - Michigan Catholic Conference

Documents

Transcript of Your Retirement Workbook - Michigan Catholic Conference