1. Enrollment Date Presenter Name

2. 2 Welcome [The only customization needed on this page is the client’s logo.]

3. 3 I am ______________________ I work for___________________ Allow me to introduce myself

4. 4 I am ______________________ I work for___________________

5. 5 What we’ll cover today Information  Why save and the benefits of your plan Process  How to make the plan work for you Your role  What you need to do

6. 6 16.5 3.3 2.1 195020052035 Workers per Social Security recipient Social insecurity? Source: Social Security Administration, 2014 OASDI Trustee Report

7. 7 Social insecurity? Full Social Security benefits age is on the rise  Born 1937 or earlier:age 65 Born 1938-1942: age 65 + set number of months Born 1943-1954: age 66 Born 1955-1959: age 66 + set number of months Born 1960 or later: age 67 Receiving Social Security at age 62 reduces benefits  Born 1937 or earlier:80% of full benefits Born 1938-1942: between 75% and 80% of full benefits Born 1943-1954: 75% of full benefits Born 1955-1959: between 70% and 75% of full benefits Born 1960 or later: 70% of full benefits

8. 8 What’s in it for you?  Power of compounding Take note… Investing as little as $1 a day can really add up over time.

9. 9 The power of compounding See how just $1 a day can add up 7% annual rate of return, compounded monthly. This is for illustrative purposes only and not meant to represent the return of any of your plan’s investment options. Your situation will vary. 10 years 20 years 30 years $5,265 $37,107 $15,845

10. 10 The power of compounding See how just $20 a week can add up 7% annual rate of return, compounded monthly. This is for illustrative purposes only and not meant to represent the return of any of your plan’s investment options. Your situation will vary. 10 years 20 years 30 years $15,001 $105,731 $45,147

11. 11 What’s in it for you?  Power of compounding  Free money Take note… Your employer will match a portion of your contributions

12. 12 Employee Contribution 5% 50% Employer Match 2.5% Savings 7.5% += [Your company] match Make the most of your employer match! [Customize the language if necessary]

13. 13 100% up to [x]% of your salary 50% for the next [y]% Your contribution of [x+y]% = [match + contribution] [Customize the language if necessary] [Your company] match Make the most of your employer match!

14. 14 Your vesting schedule for the employer’s contribution portion of your account You are always 100% vested in the salary deferral portion of your account 20% after 1 year 40% after 2 years 60% after 3 years 80% after 4 years 100% after 5 years

15. 15 Now add the match (25%) Assumes a $20 weekly contribution, 25% match, and a 7% annual return compounded monthly. This is for illustrative purposes only and not meant to represent the return of any of your plan’s investment options. Your situation will vary. 10 years 20 years 30 years $132,164 $56,434 $18,751

16. 16 $22,501 $67,720 $158,596 Now add the match (50%) Assumes a $20 weekly contribution, 50% match, and a 7% annual return compounded monthly. This is for illustrative purposes only and not meant to represent the return of any of your plan’s investment options. Your situation will vary. 10 years 20 years 30 years

17. 17 Now add the match (100%) Assumes a $20 weekly contribution, 100% match, and a 7% annual return compounded monthly. This is for illustrative purposes only and not meant to represent the return of any of your plan’s investment options. Your situation will vary. 10 years 20 years 30 years $30,001 $90,294 $211,462

18. 18 What’s in it for you?  Power of compounding  Free money  Multiple tax advantages [USE THIS SLIDE IF NO ROTH] Take note… When you make before-tax contributions to the plan, you can lower your current taxable income and you won’t pay taxes until you take a distribution from the plan

19. 19 Lower current taxable income * *This example assumes a 29% tax rate. This is a hypothetical example for illustrative purposes only; your situation will vary. For illustrative purposes only. The tax rate represents estimated federal and state taxes. Your results will vary. ADVANTAGE OF TAX-DEFERRED SAVINGS TODAY CONTRIBUTING TO THE PLAN Annual Income 10% Before-Tax Contribution Taxable Income29% Tax RateIncome Tax $50,000—$5,000=$45,000X.29$13,050 NOT CONTRIBUTING TO THE PLAN Annual Income 0% Before-Tax Contribution Taxable Income29% Tax RateIncome Tax $50,000—$0=$50,000X.29$14,500 The person who saved before-tax dollars paid $1,450 less income tax.

20. 20 No taxes along the way This example assumes that both invest over a 30-year period, at an 18.75% tax rate, and earn a 7% annual return, compounded monthly. The chart does not reflect taxes that may be due at the end of the investment period or after an early withdrawal. This is a hypothetical example for illustrative purposes only and is not meant to represent the investment return of any of your plan’s options. The assumed rate of return is not guaranteed. An investor should consider his/her current and anticipated investment horizon and income tax bracket when making an investment decision. Pat: $250/month 401(k) plan $304,993 $236,630 Year 1Year 30 Chris: $250/month taxable account outside the plan [USE THIS SLIDE IF NO ROTH]

21. 21 What’s in it for you?  Power of compounding  Free money  Multiple tax advantages Take note… The plan offers before-tax and Roth contributions. Compare the tax advantages of both [USE THIS SLIDE IF ROTH IS OFFERED]

22. 22 Compare the different tax advantages of contributing * A qualified distribution is tax-free if taken at least five years after the year of your first Roth contribution AND you’ve reached age 59½, become totally disabled, or died. If your distribution is not qualified, any withdrawal from your account will be partially taxed. These rules apply to Roth distributions only from employer-sponsored retirement plans. Additional plan distribution rules apply. Before-Tax ContributionsRoth Contributions Are made before taxes are taken out of your pay Are made after taxes are taken out of your pay Can give you a tax break by helping you lower your current taxable income Don’t give you a tax break today— contributions are made with money you’ve already paid taxes on Allow more of your income to stay in your paycheck (compared to Roth contributions) Will cause you to see less take-home pay (compared to before-tax contributions) Accumulate tax-deferred—once you begin making withdrawals, you will pay taxes on your contributions and any associated earnings Accumulate tax-deferred—the balance of your contributions and any associated earnings are tax-free when you take a qualified distribution* [USE THIS SLIDE IF ROTH IS OFFERED]  Your plan offers you two great ways to save for retirement. Now you can choose the tax advantage you prefer by making Roth contributions, before-tax contributions, or both as long as your combined savings do not exceed plan or IRS limits.

23. 23 How using before-tax or Roth contributions could affect your annual pay and income in retirement These charts assume a participant is age 45, earns $50,000 a year, gets a 3% raise each year, contributes 10% of pay annually to her retirement plan, has an annual rate of return of 7% before retirement, has a 28.75% tax rate, retires at age 65, and withdraws 4% of the account balance in the first year of retirement. The annual income estimate is in today’s dollars and assumes a 3% rate of inflation. Chart and estimates only account for future contributions and not current balances in an effort to illustrate characteristics of each contribution type. Any current tax benefit from contributing to a before-tax account is assumed to be spent and not factored into retirement income. The tax rate reflects estimated federal and state taxes. For illustrative purposes only. This is not meant to represent the performance of any investment options for your plan. Your results will vary. Impact to your current annual pay BEFORE-TAX Annual Income 10% Before-Tax Contribution Taxable Income 29% Tax RateIncome Tax $50,000$5,000$45,000.29$13,050 ROTH Annual Income 10% After-Tax Roth Contribution Taxable Income 29% Tax RateIncome Tax $50,000$5,000$50,000.29$14,500 [USE THIS SLIDE IF ROTH IS OFFERED] Estimate of annual income in first year of retirement

24. 24 What’s in it for you?  Power of compounding  Free money  Multiple tax advantages  Automatic services *All trades must comply with the fund’s excessive trading policy. Each T. Rowe Price fund prospectus defines its excessive trading policy. [OPTIONAL IF THE CLIENT OFFERS AUTO-ENROLL, AUTO-INCREASE, AND AUTO- REBALANCING] **DELETE FOOTNOTE BELOW IF NO AUTO-REBALANCING** Take note…  The auto-enroll service makes it easy to get started  The auto-increase service helps you gradually boost your contribution rate over time.  The auto-rebalancing* service helps you maintain your allocation strategy.

25. 25 Auto-enroll service  Automatically enrolls eligible employees into the employer’s retirement plan.  You must give specific instructions to be excluded (opt out) during a specific grace period.  You are enrolled with a default deferral percentage and investment option. [DELETE SLIDE IF NO AUTO-ENROLL]

26. 26 Auto-rebalancing service  Automatically rebalances your account to your selected investment allocation strategy.  You can select quarterly, semiannual, or annual rebalancing.  Helps you stay in line with your risk tolerance and helps reduce long-term account volatility.  Signing up is easy: Log in to the website and select Auto-Rebalance in the Services Information section, or call the Plan Account Line. [DELETE SLIDE IF NO AUTO-REBALANCING]

27. 27 Auto-increase service  Automatically increases your payroll deduction each year so you don’t have to worry about doing it yourself.  You choose the amount of the increase and the month you want it to occur.  There is less time required to manage your account.  Signing up is easy: Log in to the website and select Auto-Increase in the Services Information section or call the Plan Account Line. [DELETE SLIDE IF NO AUTO-INCREASE] [NOTE: THIS SLIDE CAN BE USED AS IS ONLY FOR THE OPT IN AUTO INCREASE SERVICE. IF OPT OUT, NEED TO REWORK TEXT]

28. 28 What’s in it for you?  Power of compounding  Free money  Multiple tax advantages  Automatic services  Flexible withdrawals Take note… When the time comes, you have a variety of ways to get your money out of the plan.

29. 29 Flexible withdrawals  Termination of service  Retirement  Age 59½  Death  Disability  Financial hardship Withdrawals prior to age 59½ may be subject to a 10% penalty tax unless rolled over to an IRA or eligible employer plan.

30. 30 What’s in it for you?  Power of compounding  Free money  Multiple tax advantages  Automatic services  Flexible withdrawals  Loans Take note… Loans offer access to your money to meet special needs.

31. 31 Loans  Borrowing from your account  Minimum = $1,000  Maximum = 50% of your vested account balance, up to $50,000*  Interest = prime rate + 1%  Pay your account back  Plus interest, over five years (10 years if buying a primary home)  $50 fee for each loan  Up to two loans at a time *Reduced by the highest outstanding balance during the prior 12 months. [NOTE: THE BULLET POINTS WILL VARY DEPENDING ON PLAN RULES. PLEASE ADJUST AS NEEDED.]

32. 32 Decide how much to save  Experts suggest a 15% to 20% savings goal  Includes employer contributions

33. 33 Plan contribution limits  You can contribute between 1% and __% of your pay before-tax and/or as Roth contributions up to $18,000 for 2015.  If you will be 50 or over by the end of the year, and contribute the maximum amount allowed by your plan, you can contribute up to an additional $6,000 to the plan for 2015. Note: Before-tax and Roth contributions may not total more than __% of your pay (in whole percentages only). Before-tax and Roth contributions are subject to IRS annual limits. Remove reference to Roth contributions if it is not offered by the plan Remove “Note” if plan only offers one way to make contributions

34. 34 Decide how much to save  Experts suggest a 15% to 20% savings goal  Includes employer contributions  Start with ____% or more  Ensures you get the maximum match

35. 35 Decide how much to save  Experts suggest a 15% to 20% savings goal  Includes employer contributions  Start with ____% or more  Ensures you get the maximum match  Increase your contributions annually  Helps you get closer to your goal Take note… To see how increasing your contribution could affect your account, check out the Contribution Increase Calculator on the T. Rowe Price website.

36. 36

37. 37 Annual increase in contributions and the power of compounding This is a hypothetical example for illustrative purposes only and is not meant to represent the investment return of any of your plan’s options. Your situation will vary. Salary $30,000 2% contribution rate 7% annual return 3% annual salary increase $83,358 $

38. 38 This is a hypothetical example for illustrative purposes only and is not meant to represent the investment return of any of your plan’s options. Your situation will vary. $ Salary $30,000 2% contribution rate 7% annual return 3% annual salary increase $385,289 1% annual contribution increase with a 12% cap $83,358 Annual increase in contributions and the power of compounding

39. 39 What are my investment choices? Pre-assembled Retirement Funds -OR- Do-it-yourself Investments

40. 40 Pre-assembled Retirement Funds I review my investment mix periodically and rebalance my portfolio when necessary I prefer a more hands on approach to retirement investing When it comes to investing I consider myself a knowledgeable investor I feel comfortable and confident making investment decisions NOYES

41. 41 What are my investment choices? The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The funds’ allocation among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus on supporting an income stream over a long-term post-retirement withdrawal horizon. The funds are not designed for a lump sum redemption at the target date and do not guarantee a particular level of income. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility over shorter time horizons. T. Rowe Price Retirement Funds  Professionally managed portfolios  Convenient for retirement investing  Diverse portfolio combining stocks, bonds, and other securities  Automatic adjustments for approximately 30 years after the target date

42. 42 A Convenient Decision If you were born: You might consider the following Retirement Fund: In 1988 or afterRetirement 2055 Fund 1983 and 1987Retirement 2050 Fund 1978 and 1982Retirement 2045 Fund 1973 and 1977Retirement 2040 Fund 1968 and 1972Retirement 2035 Fund 1963 and 1967Retirement 2030 Fund 1958 and 1962Retirement 2025 Fund 1953 and 1957Retirement 2020 Fund 1948 and 1952Retirement 2015 Fund 1943 and 1947Retirement 2010 Fund 1938 and 1942Retirement 2005 Fund In 1937 or beforeRetirement Balanced Fund [USE THIS SLIDE IF RDF 12 ARE OFFERED] Depending on your risk tolerance, time horizon and financial situation you may consider a Retirement Fund with a different target date.

43. 43 How Retirement Funds are managed [USE THIS SLIDE IF RDF 12 ARE OFFERED] Stocks Emerging Markets Stock Equity Index 500 Growth Stock International Growth & Income International Stock Mid-Cap Growth Mid-Cap Value New Horizons Overseas Stock Real Assets Small-Cap Stock Small-Cap Value Value Bonds Emerging Markets Bond High Yield Inflation Focused Bond International Bond New Income Underlying funds as of 1/1/14. *Does not invest in the Growth Stock Fund or the Value Fund. This chart shows the neutral allocations for the funds as of January 1, 2014. The allocation for each fund may vary from the long- term neutral allocation. Call 1-800-922-9945 for the most current asset allocation. Retirement 2055 Fund Retirement 2050 Fund Retirement 2045 Fund Retirement 2040 Fund Retirement 2035 Fund Retirement 2030 Fund Retirement 2025 Fund Retirement 2020 Fund Retirement 2015 Fund Retirement 2010 Fund Retirement 2005 Fund Retirement Balanced Fund

44. 44 A Convenient Decision [USE THIS SLIDE IF RDF 10 ARE OFFERED] If you were born: You might consider the following Retirement Fund: In 1978 or afterRetirement 2045 Fund 1973 and 1977Retirement 2040 Fund 1968 and 1972Retirement 2035 Fund 1963 and 1967Retirement 2030 Fund 1958 and 1962Retirement 2025 Fund 1953 and 1957Retirement 2020 Fund 1948 and 1952Retirement 2015 Fund 1943 and 1947Retirement 2010 Fund 1938 and 1942Retirement 2005 Fund In 1937 or beforeRetirement Balanced Fund Depending on your risk tolerance, time horizon and financial situation you may consider a Retirement Fund with a different target date.

45. 45 How Retirement Funds are managed [USE THIS SLIDE IF RDF 10 ARE OFFERED] Stocks Emerging Markets Stock Equity Index 500 Growth Stock International Growth & Income International Stock Mid-Cap Growth Mid-Cap Value New Horizons Overseas Stock Real Assets Small-Cap Stock Small-Cap Value Value Bonds Emerging Markets Bond High Yield Inflation Focused Bond International Bond New Income Underlying funds as of 1/1/14. *Does not invest in the Growth Stock Fund or the Value Fund. This chart shows the neutral allocations for the funds as of January 1, 2014. The allocation for each fund may vary from the long- term neutral allocation. Call 1-800-922-9945 for the most current asset allocation. Retirement 2045 Fund Retirement 2040 Fund Retirement 2035 Fund Retirement 2030 Fund Retirement 2025 Fund Retirement 2020 Fund Retirement 2015 Fund Retirement 2010 Fund Retirement 2005 Fund Retirement Balanced Fund

46. 46 A Convenient Decision [USE THIS SLIDE IF RDF 6 ARE OFFERED] If you were born: You might consider the following Retirement Fund: In 1980 or afterRetirement 2050 Fund 1970 and 1979Retirement 2040 Fund 1960 and 1969Retirement 2030 Fund 1950 and 1959Retirement 2020 Fund 1940 and 1949Retirement 2010 Fund In 1939 or beforeRetirement Balanced Fund Depending on your risk tolerance, time horizon and financial situation you may consider a Retirement Fund with a different target date.

47. 47 How Retirement Funds are managed [USE THIS SLIDE IF RDF 6 ARE OFFERED] Retirement 2050 Fund Retirement 2040 Fund Retirement 2030 Fund Retirement 2020 Fund Retirement 2010 Fund Retirement Balanced Fund Stocks Emerging Markets Stock Equity Index 500 Growth Stock International Growth & Income International Stock Mid-Cap Growth Mid-Cap Value New Horizons Overseas Stock Real Assets Small-Cap Stock Small-Cap Value Value Bonds Emerging Markets Bond High Yield Inflation Focused Bond International Bond New Income Underlying funds as of 1/1/14. *Does not invest in the Growth Stock Fund or the Value Fund. This chart shows the neutral allocations for the funds as of January 1, 2014. The allocation for each fund may vary from the long- term neutral allocation. Call 1-800-922-9945 for the most current asset allocation.

48. 48 How your investment mix changes over time This chart shows the neutral allocations for the funds as of January 1, 2014. The allocation for each fund may vary from the long-term neutral allocation. Call 1-800-922-9945 for the most current asset allocation. The performance and risks of each Retirement Fund will directly correspond to the performance and risks of the funds in which it invests. By investing in many underlying funds, the Retirement Funds have partial exposure to the risks of many different areas of the market, including possible loss of principal.

49. 49 T. Rowe Price Retirement 2040 sector diversification—as of December 31, 2013 Stocks 90.03% Bonds (Fixed Income) 8.97%

50. 50 T. Rowe Price Retirement 2010 sector diversification—as of December 31, 2013 Stocks 50.01% Bonds (Fixed Income) 49.99%

51. 51 T. Rowe Price Retirement Income sector diversification—as of December 31, 2013 Stocks 40.99% Bonds (Fixed Income) 59.01%

52. 52 “Through” vs. “To” funds Age 65 Age 95 Through Fund To Fund Retirement Funds Approach

53. 53 I review my investment mix periodically and rebalance my portfolio when necessary I prefer a more hands on approach to retirement investing When it comes to investing I consider myself a knowledgeable investor I feel comfortable and confident making investment decisions NOYES Do-it-yourself investments

54. 54 Money Market/ Stable Value Stocks Risk Return Potential Bonds Your plan offers several stock funds

55. 55 What is a stock fund?  Invests in stocks  Is risky, yet has the most potential for long-term returns  A long time horizon is very important

56. 56  T. Rowe Price Balanced Fund  T. Rowe Price Equity Income Fund  T. Rowe Price Equity Index 500 Fund  T. Rowe Price International Stock Fund  T. Rowe Price New Horizons Fund  T. Rowe Price Small-Cap Stock Fund  ABC Company Stock  TradeLink ® self-managed account Stocks Your plan offers several stock funds

57. 57 Your company stock  Only invests in [CUSTOM] company stock, with minimal cash holdings  Allows you to share in your company’s profits or losses  Nondiversified investment  Greatest volatility of principal

58. 58 TradeLink ® self-managed account  What is TradeLink?  Your plan offers this investment option  The ability to trade thousands of mutual funds [including individual stocks and bonds – commission will be charged on stock and bond trades] within your retirement plan  Who might use TradeLink?  Experienced investors who wish to select investments outside of the plan’s core offerings  How much may I invest in TradeLink?  Maximum investment is [___%] of account balance (minus outstanding loan balance) TradeLink accounts are offered by T. Rowe Price Investment Services, Inc. (member FINRA/SIPC), and are carried by Pershing LLC, a BNY Mellon Company (member NYSE/FINRA/SIPC), which acts as a clearing broker for T. Rowe Price Investment Services, Inc.

59. 59 TradeLink ® self-managed account  What is the cost?  $25 annual account fee may apply for those who do not: –Make at least two commission-generating trades per year –Have an average balance of $10k in your sweep account or an average balance of $10k in no-transaction-fee funds (including T. Rowe Price funds)  There may be fees or loads on mutual funds purchased and sold through TradeLink, be sure to read the complete prospectus on each fund  How do I get started?  Call 1-800-922-9945 for a TradeLink enrollment kit TradeLink accounts are offered by T. Rowe Price Investment Services, Inc. (member FINRA/SIPC), and are carried by Pershing LLC, a BNY Mellon Company (member NYSE/FINRA/SIPC), which acts as a clearing broker for T. Rowe Price Investment Services, Inc.

60. 60 Money Market/ Stable Value Stocks Risk Return Potential Bonds Your plan offers bond funds

61. 61 What is a bond fund?  Invests in bonds  May balance risk of growth investments  Moderate risk with moderate return potential

62. 62  T. Rowe Price High Yield Bond Fund  T. Rowe Price ABC Fund Bonds Your plan offers bond funds

63. 63 Money Market/ Stable Value Bonds Stocks Risk Return Potential Your plan offers money market/stable value funds An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in them.

64. 64 What is a money market fund?  May include U.S. Treasury bills, certificates of deposit (CDs), and other short-term investment instruments  Provides the opportunity for stability and income to the investor [USE THIS SLIDE IF THE PLAN HAS THE PRIME RESERVE FUND OR ANOTHER MONEY MARKET FUND] [Remove this footnote if you are using the previous page with the appropriate disclosure] An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in them.

65. 65 What is a stable value fund?  Invests primarily in Guaranteed Investment Contracts (GICs), Bank Investment Contracts (BICs), Synthetic Investment Contracts (SICs), and Separate Account Contracts (SACs).  GICs, BICs, SICs, and SACs are investment contracts that are designed to provide principal stability and a competitive yield. The T. Rowe Price Stable Value Common Trust Fund is not a mutual fund. It is a common trust fund established by T. Rowe Price Trust Company under Maryland banking law, and its units are exempt from registration under the Securities Act of 1933. Investments in the trust are not deposits or obligations of, or guaranteed by, the U.S. government or its agencies or T. Rowe Price Trust Company. Although the trust seeks to preserve the value of your investment at $1.00 per unit, it is possible to lose money by investing in the trust. [Remove this footnote if you are using the previous page with the appropriate disclosure] [USE THIS SLIDE IF THE PLAN HAS THE STABLE VALUE COMMON TRUST FUND]

66. 66  T. Rowe Price Prime Reserve Fund Money Market/ Stable Value An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in them. Your plan offers money market/stable value funds

67. 67 Investing for retirement It is important to spread your savings among different categories of investments: stocks, bonds, and money market/stable value. The length of time you plan to invest your savings should determine how much money you allocate to each type of investment. As you grow older, your portfolio should move gradually from more aggressive (more stocks) to more conservative (fewer stocks). To find an investment mix for your time horizon, consider the following age-based asset allocations. The allocation pie charts above are age-based only and do not account for your personal circumstances. Your Age:20s30s40s50s60s70s and over Stocks Bonds (Fixed Income) Money Market/Stable Value 25% - 35% 50% - 65% 15% - 30% 35% - 50% 20% - 50%

68. 68 The allocation pie charts above are age-based only and do not account for your personal circumstances. 15% Mid-/small stock 30% International stock 55% Large-cap stock [Optional slide is the next slide] A typical mixture could include 55% large-cap (established companies), 15% mid-cap/small-cap (small to medium-sized companies), and 30% international (companies outside the U.S.) stocks. Diversification cannot assure a profit or protect against loss in a declining market. Diversify your stock allocation among different types of stocks

69. 69 Investing for retirement The allocation pie charts above are age-based only and do not account for your personal circumstances. Your Age:20s30s40s50s60s70s and over Stocks Bonds Money Market/Stable Value Stock 55% Large-Cap Stock15% Mid-/Small-Cap Stock 30% International Stock It is important to spread your savings among different categories of investments: stocks, bonds, and money market/stable value. The length of time you plan to invest your savings should determine how much money you allocate to each type of investment. As you grow older, your portfolio should move gradually from more aggressive (more stocks) to more conservative (fewer stocks). To find an investment mix for your time horizon, consider the following age-based asset allocations. Diversify your stock allocation among different types of stocks A typical mixture could include 55% large-cap (established companies), 15% mid-cap/small-cap (small to medium- sized companies), and 30% international (companies outside the U.S.) stocks. Diversification cannot assure a profit or protect against loss in a declining market.

70. 70 When should I consider making changes?  To get your investment mix back  As your time horizon changes  When you have a “major” life event  NOT in reaction to market fluctuations Take note… You can call 1-800-922-9945 for assistance. Market timing can have a negative impact on your account

71. 71 Trading deadline An eligible exchange in a mutual fund must be executed by the close of the New York Stock Exchange, normally 4 p.m. ET, to receive that day’s closing price. Excessive trading policy Following an exchange out of a fund, trust or other investment option subject to the Policy, you will be restricted from making an exchange back into that same investment for a period of 30 calendar days (referred to as a “30-Day Purchase Block”). Redemption fees A fee assessed if you sell shares of select investments before the expiration of their designated holding periods.

72. 72 INVESTMENTREDEMPTION FEEHOLDING PERIOD T. Rowe Price Equity Index 500 Fund0.5%90 days or less T. Rowe Price International Stock Fund2.0%90 days or less T. Rowe Price Small-Cap Value Fund1.0%90 days or less Redemption fees assessed on the following investment options in your plan * * This list of investments was compiled on ________ For more up-to-date information on redemption fees, or to review investment options in your plan, please visit the T. Rowe Price website at rps.troweprice.com or call T. Rowe Price at 1-800-922-9945

73. 73 Online  Account access  Interactive tools By Phone  Phone representative  Voice response In Paper or Paperless  Statements  Educational materials

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75. 75

76. 76 Take Action Today.  Invest wisely  Use your employer’s retirement savings plan  Save 15%–20% CALA75V7Q_ Enrollment 2014-AX-6035

77. 77 Prospectus Offer Call 1-800-225-5132 to request a prospectus, which includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds.