Get Real With Your Retirement - Messiah Collegeportfolio for your tolerance for risk and timeline until retirement Offer automatic rebalancing of your portfolio Your quiz score is

Get Real WithYour RetirementA Guide To Enrolling In Your Retirement Plan

Messiah College Defined Contribution Retirement Plan

Time To DreamIf you’re living the American Dream — or simply living in America — it’s a given that you have competing fi nancial priorities. Maybe you’re saving for a new home, season tickets or a European vacation. Perhaps you’re losing sleep wondering how you’re going to cover your child’s college tuition and your aging parents’ care at the same time. Or maybe you’re too busy worrying about the garden-variety expenses of everyday living.

Any time more than one issue is competing for your attention, there’s typically a loser; in the battle of fi nancial goals, it’s often retirement. Losing this battle could mean less fi nancial resources to rely on during what may be three — or more — decades in retirement.

Consider this booklet to be one resource to help you reach your retirement goal. Its purpose is to motivate you to develop a clear vision of what your retirement will be, as well as a savings and investment plan that will fi tinto your life right now.

What Can You Do To Prepare For Your Life After Working?You can get real about your retirement needs, hopes and dreams. To get you started down this path, here are a few questions to inspire you.

• Where will you be?• What will you be doing?• Will you continue to work doing something you love?• How much savings will you need?

Your answers will defi ne your retirement.

As you think about how and where you’ll be spending your life after work, it makes sense to pause and think about retirement as a whole. What does this word mean to you?

It likely means something different to you than it does to your friend, co-worker, neighbor or brother. But while you all have different visions, you just might agree that before any of your retirement dreams can become reality, planning and saving must come fi rst.

Planning Transforms Dreams Into RealityAs you make your way through the booklet, keep the following things foremost in mind:

• Your retirement dreams (your answers from above)• How starting to save early can help, but just starting is most important• The plan you set in motion today can help you reach your

retirement goal

Online (www.standard.com/retirement)

By phone (800.858.5420)

With the forms in this booklet

To get started now, enroll:

x

Enroll now! www.standard.com/retirement, 800.858.5420

Pre-Tax SavingsYour contribution will be deducted on a pre-tax basis — before taxes are withheld — which will reduce your income taxes and reduce the out-of-pocket cost of contributing to the plan. In addition, certain people may qualify for tax credits that will further reduce the out-of-pocket cost of saving.

The table below can help you estimate how much money will come out of your paycheck before taxes compared to the amount you are actually contributing to your retirement account.

The figures are based on the 2011 federal tax rate: single filer, withholding one, no state tax. Your actual dollar amounts may vary.

1. Find your approximate weekly gross pay across the top.

2. Find the percentage you intend to contribute along the left edge.

3. The top (black) number shows your contribution amount, and the bottom (blue) number shows the amount by which your paycheck is actually reduced. The difference represents your tax withholding savings.

The highlighted areas of the chart illustrate the saving scenario for someone making $800 a week and contributing 9 percent to her retirement account. She contributed $72, but her paycheck was only reduced by $57. The $25 difference represents her tax withholding savings.

1 Amounts saved in the plan are taxable upon withdrawal.

Tax Savings Calculator For Pre-tax Contributions1

$400 $500 $600 $700 $800 $900 $1,000 $1,500 $2,000

4% 16 20 24 28 32 36 40 60 80

13 17 19 23 23 26 30 27 58

5% 20 25 30 35 40 45 50 75 100

17 20 25 29 31 32 37 40 72

6% 24 30 36 42 48 54 60 90 120

19 25 30 34 37 39 45 53 86

7% 28 35 42 49 56 63 70 105 140

23 29 34 41 44 45 52 65 101

8% 32 40 48 56 64 72 80 120 160

26 34 40 47 50 52 60 78 115

9% 36 45 54 63 72 81 90 135 180

30 37 45 52 57 58 67 91 130

10% 40 50 60 70 80 90 100 150 200

34 42 51 59 65 67 75 104 144

11% 44 55 66 77 88 99 110 165 220

36 46 55 65 71 74 82 116 158

12% 48 60 72 84 96 108 120 180 240

40 51 60 70 78 80 90 129 173

Gross Weekly Salary

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Standard Retirement Services, Inc.

Pick Your ApproachWith any luck, the talk about tax savings has motivated you to take action about your retirement. As you begin to plan, the two most important decisions you will face are:

• How much do I need to save?

• How will I invest it?

Few of us feel adequately prepared by our education or life experience to make these important decisions. The good news is that your plan is working with The Standard to offer options that will simplify the process of making these decisions.

Simply choose one of these three different approaches — Managed, Guided or Independent — to receive the amount of assistance you need to make these important decisions and move closer to reaching your retirement goals.

Managed takes away the headache of overseeing your retirement account. If you choose Managed, The Standard will manage both sides of the equation: your savings rate and investment allocation. You will receive professional retirement and investment planning services designed to help you identify your future retirement income needs and develop a real plan to meet your goals.

With Managed, we:• Get to know you and your retirement income goals

• Tailor a comprehensive Savings Plan Strategy to help you reach your goals

• Create a personalized Investment Plan Strategy based on your individual needs (risk tolerance, retirement date, and other considerations)

• Help you get started

• Invest and professionally manage your portfolio through StanCorp Investment Advisers, Inc., a registered investment advisor

• Keep you on track through automatic adjustments to your savings rate, investment mix and rebalancing of your portfolio

• Help plan for the transition into retirement

We’ll use the information you provide to help you determine your current status and estimate your needs for tomorrow. If your circumstances change or if you have questions, you can always call one of our professional investment advisor representatives between 5 a.m. and 5 p.m. Pacific Standard Time (8 a.m. and 8 p.m. Eastern Standard Time).

Your investment portfolio will be professionally managed, automatically rebalanced according to your investment directives, and assessed on an ongoing basis.

Managedmaybea goodchoiceifyou:

• Needhelptoregularlyandrealisticallyevaluate your situation

• Needprofessionaladvicetodeterminehowmuchtosaveandhowtomanageyour investments

• Wantautomaticadjustmentstoyoursavings rate and investment mix over timeoraslifeeventsoccur

• Wanttoimprovetheaccuracyofyourplanbyprovidingadditionalfinancialinformationaboutyouandyour spouse/partner

Managed: Do It All For Me

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Guided takes the mystery out of fund selection for your retirement plan account. You will have all the information and tools you need to navigate the entire decision-making process. By following a simple, step-by-step process, you will be able to answer the question “How should I invest my money?”

With Guided, we:• Provide tools to help you reach your retirement income goals

- a calculator to determine whether you are on track to reach your retirement goals

- a calculator to determine how much to save

- a quiz (on the following page or online at www.standard.com/retirement)

• Offer pre-mixed investment portfolios that provide a diversified investment portfolio for your tolerance for risk and timeline until retirement

• Offer automatic rebalancing of your portfolio

Your quiz score is an important piece to the Guided process. The score will help identify which pre-mixed portfolio will provide you with a diversified investment strategy that is appropriate for your circumstances. You can then set investment directives and transfer assets to be consistent with the chosen portfolio. The quiz takes about 10 minutes and should be taken annually; if results change, you will have the opportunity to adjust investment portfolios in line with your new score.

Guidedmaybea goodchoiceifyou:

• Prefertoevaluateyoursituation annuallyusingavailabletools

• Wanttosetandmanageyour savings rate

• Wanttousepre-mixedinvestmentportfoliostomanageyour owninvestments

• Needalittlehelpmanaging your investments

• Wantyouraccounttobe automaticallyrebalanced

Independentmaybea goodchoiceifyou:

• Prefertoevaluateyoursituation annuallyusingavailabletools

• Wanttosetandmanageyour savings rate

• Prefertodoyourown investment research

• Wanttorebalanceyourportfolio yourselfasneeded

• Wanttoincreaseyoursavings rateyourselfasneeded

Guided: Guide Me Through The Process

If you prefer doing your own research when it comes to your retirement planning, Independent is for you. You can maintain personal control over your retirement account using the quality investment options in your plan. You can still rely on The Standard for educational and online planning tools that help you navigate the investing landscape.

You will have all the same benefits of Guided, but with a difference. Rather than select one of the pre-mixed portfolios, you will have access to a diversified selection of investment options to help you implement your own unique investment strategy.

Ready To Sign Up Now?Regardless of which approach you take — Managed, Guided or Independent — the “Time to Enroll” section has all the instructions you need to sign up.

Independent: I’ll Do It All Myself

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Find Your Investment StyleTake the quiz to determine which pre-mixed portfolio is appropriate for you. After each question, circle the letter that best describes you. Then add up the points and match the total with the investor profi le on the next page. Please note that this profi ling tool is only a guide; for advice specifi c to your situation, you will want to consider other factors, such as your retirement savings, tax considerations and investing time frame. You should contact your investment professional or tax advisor for personalized advice.

Enter your total score:

Investor Profile Quiz

1. When do you expect to tap into your retirement account? Points

a. Less than fi ve years 0

b. Between fi ve and 10 years 20

c. Between 10 and 15 years 30

d. More than 15 years 40

Score:

2. What do you expect to happen to your pay (salary) in the next fi ve years? Points

a I expect my pay to increase much faster than

infl ation (due to promotions, new job, etc.). 12

b. I expect my pay to increase

slightly faster than infl ation. 10

c. I expect my pay to just keep up with infl ation. 5

d. I expect my pay to decrease (due to retirement,

part-time work, depressed industry, etc.). 0

Score:

3. How do you feel about investing for retirement? Points

a I am seeking maximum stability,

even if returns are low. 0

b. I can tolerate a small amount of fl uctuation

in my investment account, and I am seeking

consistent returns. 4

c. I am middle-of-the-road, prefer both growth

potential and consistency of returns and can

tolerate a fair amount of market movement in

exchange for attractive long-term returns. 8

d. I am willing to assume a relatively high level

of volatility for potentially greater returns. 12

e I am seeking maximum long-term growth, even

if it means wide swings in my account value. 15

Score:

4. How much risk are you willing to take in order to potentially increase your investment return? Points

a. I am willing to take a lot of risk

with all of my retirement account. 15

b. I am willing to take a lot of risk

with some of my retirement account. 12

c. I am willing to take a little risk

with all of my retirement account. 8

d. I am willing to take a little risk

with some of my retirement account. 4

e. I am unwilling to take on more risk. 0

Score:

5. If the stock market went down 15 percent, what would you do? Points

a. Sell all of my stock funds immediately and

put the money in something more stable. 0

b. Transfer some of my stock funds into

less aggressive investments. 2

c. Do nothing and wait for it to come back. 4

d. Buy more: increase my stock investments

while prices are low. 8

Score:

6. If you received several statements in a row with negative returns and realized that your account had lost 20 percent, what would you do? Points

a. Sell all of my stock funds immediately and

put the money in something more stable. 0

b. Transfer some of my stock funds

into less aggressive investments. 3

c. Do nothing and wait for it to come back. 6

d. Buy more: Increase my holdings

in stock funds while prices are low. 10

Score:

4


Use Your Quiz Results To Select A PortfolioYour asset allocation is an important part of your investing strategy. The following pre-mixed portfolios show how you may want to diversify your investments. Match your score from the Investor Profile Quiz to help determine which portfolio is appropriate for you. If you need more information, you may wish to contact a personal financial advisor.

You should carefully consider the investment objectives, risks, charges and expenses of the investment options offered under the retirement plan before investing. Small-company (small cap) investing involves specific risks not necessarily encountered in large-company investing, such as increased volatility. Funds that invest in bonds are subject to certain risks, including interest-rate risk, credit risk and inflation risk. As interest rates rise, the prices of bonds fall. International investing involves certain risks, such as currency fluctuations, economic instability and political developments. These risks may be accentuated in emerging markets.

Your plan may be funded by a mutual fund trust or a group annuity contract. Both are suitable for long-term investing, including saving for retirement. While annuities generally provide tax-deferred treatment of earnings, the group annuity contract does not provide any additional tax-deferred treatment beyond the treatment provided by your retirement plan.

Guided Portfolios

■ Cash Equivalents 30%

■ Bonds 50%

■ Lg Cap Stocks 13%

■ Sm/Mid Cap 4%

■ Int’l Stocks 3%


■ Bonds 40%


■ Sm/Mid Cap 8%



■ Bonds 30%


■ Sm/Mid Cap 12%



■ Bonds 20%


■ Sm/Mid Cap 16%



■ Bonds 0%


■ Sm/Mid Cap 20%


Less Risk/Less Potential Return Higher Risk/Higher Potential Return

ModeratelyAggressive

(Score: 67-79)

Aggressive(Score: 80 and above)

Conservative(Score: Less than 40)

ModeratelyConservative

(Score: 41-53)

Moderate(Score: 54-66)

We’ll Rebalance For YouThe Standard can rebalance your portfolio to ensure it stays in line with your original wishes. On the Investing Form, you can indicate how frequently you’d like your portfolio rebalanced: quarterly, semiannually or annually.

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Time To Enroll

Take Action Today!Take an important step toward making tomorrow financially secure and join your retirement savings plan today. Take advantage of your employer’s plan, which offers a rewarding way to invest for your retirement. The amount you invest now might make the difference between having financial security in retirement and just getting by.

It’s easy to enroll in your employer’s plan. These enrollment materials have all of the forms you need and information on the investment choices offered by the plan. Please read all of the materials you receive carefully before making any decision about how to invest your money. If you have any questions about the plan, be sure to contact your plan administrator.

Action Item 1:

Do not

Action Item 2:

Action Item 1: Determine how you want to save

Action Item 2:

Action Item 3:

Do not

Action Item 4:

How To Sign Up For ManagedTo complete the enrollment

process, return the forms

to the designated person or

department. Once received,

your contributions will be

deposited in your retirement

account beginning with the

first contribution following

your date of participation.How To Sign Up For Guided Or Independent

How

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807945 (3/08)

Mainspring Managed Savings FormMessiah College Defined Contribution

Retirement Plan#807945

Select one of the three options below regarding your risk tolerance. (If you do not complete this question, we will assume youare a middle-of-the-road investor.) StanCorp Investment Advisers is available to assist you with more detailed planning. Weencourage you to complete the Mainspring Managed Supplemental Information Form located in the enrollment booklet so wecan provide you with guidance that is tailored to your needs.

I am seeking maximum stability even if returns are low.I am a middle-of-the-road investor and prefer both growth potential and consistency of returns.I am seeking maximum long-term growth, even if it means wide swings in my account value.

MY RISK TOLERANCE

The smallest amount you can contribute is 1% of your compensation. The most you can save during 2013 is $17,500 ($23,000if you are age 50 or older). This amount includes both pre-tax and after-tax Roth contributions. Other plan or legal limits mayalso apply.

I elect to contribute as pre-tax contributions: _______ %

I elect to contribute as after-tax Roth contributions: _______ %

I authorize my employer and the plan administrator to deduct from my earnings the amounts determined by the percentage(s)designated above and to forward such amounts to the Plan. I authorize annual increases to my savings amount. I also direct myemployer and the plan administrator to implement any other instructions I have provided on this form. I have read the DisclosureStatement and Mainspring Managed Agreement in the following sections and, by signing here, I agree to be bound by their terms. Theemployer, trustees and any others concerned with the administration of the plan are entitled to rely on these instructions; each shall befully protected in taking or omitting any action under any provisions of the plan in reliance on this information.

Participant Signature _____________________________________________ Date __________________________

Social Security Number Last Name First Name

Mailing Address City State Zip

Date of Birth (mm/dd/yy) Date of Hire (mm/dd/yy) Expected Retirement Age (default 59)

Phone Number E-mail Address

AUTHORIZATION

HOW MUCH DO YOU WANT TO SAVE?

By completing this form, I am signing up for Mainspring Managed. I understand StanCorp Investment Advisers, Inc. will develop aSavings and Investment Plan designed just for me. They will also work with me on an ongoing basis to update my plan as mypersonal circumstances change. I also understand that the monthly fee for Mainspring Managed services will be deducted directlyfrom my account and that the total amount charged depends on my account balance. This fee is waived for 90 days followingyour initial enrollment in the service.

Account Balance Fee$0.00 to $5,000.00 $0.00$5,000.01 to $10,000.00 $5.00$10,000.01 and up $10.00

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807945 (3/08)

DISCLOSURE STATEMENT

You must notify The Standard within 15 days of receipt of your quarterly account statement if you think an error has occurred, or if yourequested and confirmed an investment transfer or directive change that was not completed during the period covered by the statement. Youmay give notice by contacting a customer service representative at 800.858.5420 or by e-mailing [email protected]. Unless you givesuch notice, The Standard will not be liable for any resulting loss to your account. In any case, The Standard will not be liable if circumstancesbeyond its control prevent the transaction, or if its liability is otherwise limited by regulation or agreement.

MAINSPRING MANAGED AGREEMENT

This Agreement is between you, a participant in a retirement plan, and StanCorp Investment Advisers, Inc. (“us” or “we”), for a specificadvisory service called Mainspring Managed. Access to Mainspring Managed is provided to you by the sponsor of your retirement plan.Termination of the agreement between the plan sponsor and StanCorp Investment Advisers will end your access to the Mainspring Managedservice.

While this Agreement is in effect, StanCorp Investment Advisers will:

1. Assist in establishing, reviewing and updating your investment goals.

2. Assist in selecting and monitoring the investment funds in your portfolio.

3. Determine, review and change the allocation of assets in your investment account through the use of an asset allocation model andperiodically rebalance your account to your target allocation.

4. Provide telephone access to an investment advisor representative to address specific changes to your personal and financialcircumstances and how they may affect your investment account.

5. Monitor, report and assess your investment results on no less than a quarterly basis.

You may be charged a monthly fee during the time this agreement remains in effect; please refer to the first paragraph on the front of this formfor fee information.

This Agreement will remain in effect until you opt out of the Mainspring Managed service by calling our Advisory Service Center, bywithdrawing your entire vested account balance from the plan or by other means that we make available to you. The Agreement will terminateif your entire account is transferred to your beneficiary or to an alternative payee pursuant to a qualified domestic relations order. In addition,you or we may terminate the Agreement at any time after providing written notice to the other party. You may revoke this Agreement within 10days of its effective date without being charged a fee.

The Mainspring Managed service will be available to you only while the agreement between your plan sponsor and StanCorp InvestmentAdvisers is in effect. If your employer ceases to offer the Mainspring Managed service, your participation in it will cease and this Agreementwill terminate.

You acknowledge and understand that StanCorp Investment Advisers will have discretion to supervise, manage and direct the assets in yourinvestment account and any subsequent additions to the investment account. While this Agreement is in effect, StanCorp InvestmentAdvisers will have authority to adjust your contribution amount, and invest, reinvest, exchange and trade the assets in your investmentaccount among the investments selected by the plan’s trustees or other fiduciary, all without prior consultation with you, as we deemappropriate. You will receive notice prior to any adjustment of your contribution amount so that you may instruct StanCorp InvestmentAdvisers or its agent not to make that change.

You understand that your savings and investment strategy will be based on the personal information you provide, data we have available aboutyour retirement savings and assumptions about future economic results and mortality determined by StanCorp Investment Advisors. If youhave assets with another provider that are included on your quarterly statement, we will assume those assets are invested in a portfolio ofassets with risk and return characteristics similar to that of your managed portfolio.

Further, you acknowledge that this service is intended as a long-term investment program and that the value of your portfolio will fluctuate. Wecannot guarantee the profitability of your portfolio. Past performance is no guarantee of future results.

You agree that StanCorp Investment Advisers will have no liability for any advice given to you based on inaccurate personal informationprovided by you or your plan sponsor to us on any information form or by telephone or electronic medium. You also agree that StanCorpInvestment Advisers will not be liable for any tax which may result from a securities transaction effected or omitted under this Agreement.

We agree not to assign this Agreement within the meaning of the Investment Advisers Act of 1940 as amended without your prior writtenconsent.

You acknowledge receipt of our Disclosure Statement, Part II of the Form ADV, as amended to date, or a separate brochure which containsthe Part II information.

This Agreement constitutes the only agreement between you and StanCorp Investment Advisers with respect to the provision of MainspringManaged services.

Please return this signed document to: Standard Retirement Services, Inc.New Business, P9A1100 SW Sixth AvenuePortland, Oregon 97204

The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA, distributesgroup annuity contracts issued by Standard Insurance Company and may provide other brokerage services. Third-party administrative servicesare provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp Investment Advisers, Inc., aregistered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorpInvestment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations.

8

StanCorp Investment Advisers, Inc. will provide a more detailed Savings and Investment Plan if you provideadditional information. Please complete this form, which is confidential and is not shared with your employer. If youhave questions about how to complete this form, contact the Advisory Service Center at 800.858.5420.

Please place in supplied envelope Standard Retirement Services, Inc.or return signed document to: 1100 SW Sixth Avenue, P9A

Portland, Oregon 97204Fax: 971.321.7998 Continued on back

Check either Yes or No. If you select Yes, you must complete Section 3. If you do not complete Section 3, we cannot includeinformation about your spouse/partner in our recommendations.

Yes, I want to include information about my spouse/partner. The recommendations from StanCorp Investment Advisers,Inc. will address the goal of providing a retirement income that will support both me and my spouse/partner. Iunderstand that if I don’t provide the following information about my spouse/partner, StanCorp InvestmentAdvisers cannot include my spouse/partner in its planning.

No, I do not want to include information about my spouse/partner. I understand that the recommendations fromStanCorp Investment Advisers will focus on providing a retirement income that will support only myself. Pleasecontinue to Section 4. Do NOT complete Section 3.

1. Are you planning to tap into your retirement savings as of your retirement date, or your spouse/ Selfpartner’s retirement date? Spouse/Partner

2. Spouse/Partner’s Date of Birth (If not provided, we are unable to use your spouse/partner’sretirement date.) _____/_____/_____

3. Spouse/Partner’s Expected Retirement Age (We will assume age 65 if no responseis provided.) _____

4. Spouse/Partner’s Current Annual Salary (We will assume $0 if no response is provided.) $ _________

5. Spouse/Partner’s Retirement Plan - 401(k)

a. Current Pre-Tax Account Balance (include only your spouse/partner’s pre-tax401(k) balance) $ _________

b. Current Roth Account Balance (include only your spouse/partner’s Roth 401(k) balance) $ _________

c. Approximate percent of salary your spouse/partner contributes each year (pre-tax) _____%

d. Approximate percent of salary your spouse/partner contributes each year (Roth) _____%

e. Employer Match (Please indicate a single percentage for your spouse/partner’s match. Forexample, if your spouse/partner’s plan provides a match of 50% on the first 4% of salary,you would indicate a match of 2% (4% multiplied by 50%)). _____%

f. What percent of the current account balance is invested in stocks or stock funds? (If not Less than 30%provided, we will assume a response of “Between 30%-70%.”) Between 30%-70%

Greater than 70%

807945 (3/08)

SECTION 3: INFORMATION ABOUT YOUR SPOUSE/PARTNER (Complete if you answered "Yes" in Section 2)

SECTION 1: YOUR INFORMATION

Mainspring Supplemental Information Form

Messiah College Defined Contribution Retirement Plan#807945


Date of Birth

SECTION 2: SCOPE OF RECOMMENDATION

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807945 (3/08)

SECTION 4: OTHER RETIREMENT INCOME (Combined totals for you and your spouse/partner)

This certifies that all of the above information is accurate. I understand that I am responsible for contacting the Advisory Service Center at800.858.5420 to update my personal information on a regular basis.

_____________________________________________________ ______________________________________________Signature Date

_____________________________________________________ ______________________________________________Printed Name Social Security Number

Outside Tax-Deferred Savings (Excluding Current Employer 401(k) Balance)

Please provide information about any tax-deferred savings you or your spouse/partner have set aside for retirement. Do notinclude savings that will be used for other expenses such as college tuition. Examples include:

· Retirement plan assets from another employer (If you included your spouse/partner’s retirement 401(k) balance in Section 3, do notadd it again here.)

· Traditional (pre-tax) Individual Retirement Accounts (IRAs)

· Annuities

a. Current combined account balance $ _________

b. Approximate combined amount you and your spouse/partner contribute each year $ _________

c. Do you and your spouse/partner plan to increase your contribution as your salary increases?(We will assume “no” if no response is provided.) Yes No

d. Percent of the current account balance invested in stocks or stock funds? Less than 30%(We will assume “Between 30%-70%” if no response provided.) 30%-70%

Greater than 70%

Outside Roth IRA and Roth 401(k) Savings

Please provide information about any Roth IRA savings you or your spouse/partner have set aside for retirement.

a. Current combined account balance $ ________

b. Approximate combined amount you and your spouse/partner contribute each year $ ________



Greater than 70%

Outside Non-Tax-Deferred Savings

Please provide information about any non-tax-deferred savings you and your spouse/partner have set aside for retirement. Examples include:

· Bank Account· Certificates of Deposit· Mutual Funds not part of a retirement plan· Stocks and Bonds not part of a retirement plan· Brokerage Accounts

a. Current combined account balance $ _________

b. Approximate combined amount you and your spouse/partner contribute each year $ _________



Greater than 70%

Pension Plan Income

If you expect to have income from a defined benefit pension plan during retirement, enter the monthly Self $_______benefit here. Enter amounts for you and your spouse/partner payable at your individual expected (per month)retirement dates. You may receive a statement from your Plan Administrator periodically that containsthis information. Don’t forget to include any benefits payable from companies from which you’ve Partner $_______terminated employment. (per month)

Social Security Income

Include Social Security Income in retirement planning assumptions? (We will assume "Yes" if no response is provided.) Yes No

SECTION 5: EMPLOYEE CERTIFICATION

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807945 (3/08)

StanCorp Investment Advisers, Inc.www.stancorpadvisers.com1100 SW Sixth AvenuePortland, OR 97204tel 971.321.8844 800.378.5742fax 971.321.5890

This brochure is the StanCorp Investment Advisers, Inc., plain English disclosure brochure. If you have any questions about the contents of thisbrochure, please call 800.378.5742. The information in this brochure has not been approved or verified by the United States Securities and ExchangeCommission or by any state securities authority.

Additional information about StanCorp Investment Advisers, Inc., is also available on the SEC’s website at www.adviserinfo.sec.gov.

Material ChangesOn July 28, 2010, the United State Securities and Exchange Commission (“SEC”) published “Amendments to Form ADV” which impacts thedisclosure document that we provide to clients. This Brochure dated March 31, 2011 is a new document prepared according to new SECrequirements and is materially different as compared to our previous brochure. In the future, this section of the Brochure will address only “materialchanges” since our last delivery or posting on the SEC’s public website.

Table of Contents• Advisory Business• Fees and Compensation• Performance Based Fees• Types of Clients• Methods of Analysis, Strategies and

Risk of Loss

• Disciplinary Information• Other Financial Industry Activities and

Affiliations• Code of Ethics• Brokerage Practices• Review of Accounts

• Client Referrals and otherCompensation

• Custody• Investment Discretion• Voting Client Securities• Financial Information

Advisory BusinessStanCorp Investment Advisers is a wholly owned subsidiary of StanCorp Financial Group, Inc. (StanCorp). StanCorp is also the holding company forStandard Insurance Company; Standard Life Insurance Company of New York; Standard Retirement Services, Inc.; StanCorp Mortgage Investors,LLC, a commercial loan underwriter; StanCorp Real Estate, LLC, a real estate investment and property management company and StanCorpEquities, Inc., a limited broker-dealer. All of these entities are marketed under the name, The Standard. StanCorp Investment Advisers, Inc., joinedthe family of subsidiaries under the StanCorp Financial Group umbrella in May 2000.

StanCorp Investment Advisers, Inc., provides investment management services to clients with a variety of investment goals. Our largest client isStandard Insurance Company, for whom we manage more than $6 billion of investment-grade, fixed-income securities. The portfolio may includeother investment vehicles as necessary to meet the investment objectives of Standard Insurance Company. We also manage third-party investmentmanager relationships for The Standard.In addition, we offer investment consulting services to the retirement plan clients of Standard Insurance Company and Standard Retirement Services,Inc. These services include:

• fund selection and monitoring for group variable annuity separate accounts, and the Standard Retirement Services, Inc.Net Asset Value (NAV) platform.

• development and maintenance of model fund portfolios for defined contribution plans.• fund portfolio construction for defined benefit plans.• assistance in selecting funds for specific retirement plan menus and portfolios.• quarterly monitoring reports reflecting the performance of funds offered to The Standard’s retirement plan clients.• participant level advice through the Mainspring Managed service.

We provide investment advice to the Reliance Advisory Portfolio Collective Trusts, a series of 15 collective trusts owned by Reliance Trust. Thesecollective trusts invest in unaffiliated mutual funds representing a broad range of asset categories. There are 10 fully diversified portfolios and fivestyle-based portfolios each representing the large-cap, small- and mid-cap, fixed income, short-term fixed income and international equity categoriesrespectively. The Reliance Advisory Portfolio Collective Trusts are available only to clients of Standard Retirement Services, Inc.

Our private client service offers fee-only financial planning and investment management using mutual funds, stocks and bonds. Clients work directlywith an investment counselor to assess their financial situations, set objectives and determine the most appropriate investment approach for eachindividual.

Investment portfolios are tailored to meet the needs of the specific client. Clients may place restrictions on the investments made in their accounts.

Total assets managed at Dec. 31, 2010, were $17.2 billion. Of that, $8.1 billion was managed on a discretionary basis, and $9.1 billion was managedon a non-discretionary basis for retirement plan clients.

Fees and CompensationOur fee schedule for individual accounts managed primarily using mutual funds is 1.00 percent for assets up to $1 million, 0.50 percent for assetsbetween $1 million and $5 million and 0.25 percent for assets greater than $5 million.

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Our fee schedule for individual accounts utilizing our active management strategies with mutual funds is 1.00 percent for assets up to $1 million, 0.85percent for assets from $1 to $3 million, 0.75 percent for assets from $3 to $5 million and 0.50 percent for assets greater than $5 million.

Our fee schedule for individual accounts utilizing one of our equity strategies is 1.25 percent for assets up to $1 million, 1.10 percent for assets from$1 million to $3 million, 1.0 percent for assets from $3 million to $5 million and 0.75 percent for assets greater than $5 million.

Financial planning only engagements generally have a minimum fee of $2,500.

Standard Insurance Company and Standard Retirement Services, Inc., pay a fixed retainer to StanCorp Investment Advisers, Inc., for servicesprovided to all of the retirement plan clients of The Standard. In addition, retirement plan clients pay Standard Retirement Services, Inc., an assetbased fee. In some cases, clients pay additional fees to the custodian. Participants enrolled in the Mainspring Managed service may pay StandardRetirement Services, Inc., a per participant fee.

Fees are negotiable. Retainer and hourly fees are negotiated at the time of engagement. Asset-based and retainer fees are charged quarterly forservices rendered in the previous quarter. Hourly fees are charged within 30 days of the provision of services. Clients may terminate their contracts atany time. The client will be billed from the beginning of the quarter to the termination date.

Portfolios that include mutual funds have a layered fee structure. In addition to the management fees paid to StanCorp Investment Advisers, Inc., themutual funds’ expenses are netted out of the value of the mutual funds.

Individual clients may incur transaction charges from their custodian whenever transactions are placed for their accounts. Please see the BrokeragePractices section of this brochure. Clients may choose to have their StanCorp Investment Advisers, Inc., fees deducted from their custody account orthey may choose to pay their fees directly.

StanCorp Investment Advisers, Inc., may recommend mutual funds that are no-load or those having a 12b-1 fee. In no case does StanCorpInvestment Advisers, Inc., receive compensation from mutual fund companies. If a 12b-1 fee is paid, in the case of retirement plans, it is returned tothe plan sponsor as a reduction of their Standard Retirement Services, Inc., asset based fee. For private clients, the 12b-1 fee may be retained by thecustodian in lieu of transaction fees.

StanCorp Equities, Inc., an affiliated broker dealer, does not process transactions. In some cases, it serves as a pass-through for 12b-1 fees forretirement plan clients of Standard Retirement Services, Inc. Clients purchase investments StanCorp Investment Advisers, Inc., recommendsthrough unaffiliated custodians or through the Standard Insurance group variable insurance contract.

Performance Based FeesWe do not offer performance based fee schedules.

Types of ClientsStanCorp Investment Advisers, Inc., provides fixed income portfolio management services to our sister subsidiaries. In addition, we provideinvestment consulting services to the retirement plan clients of Standard Retirement Services, Inc., and Standard Insurance Company as well assome retirement plan clients not administered by our sister subsidiaries. We are the investment adviser to the participants in the Mainspring Managedservice offered by Standard Retirement Services, Inc., and the Reliance Trust collective trust portfolios utilized in that service. Our private clientservice offers financial planning and investment management to individual investors. We also offer services to endowments and other organizations.We require a minimum asset balance of $250,000 for our private client financial planning and investment management service.

Methods of Analysis, Investment Strategies and Risk of LossThe fixed income portfolio for The Standard is designed to meet asset liability management requirements of the various insurance product linesoffered. Investments for this portfolio include U.S. government, municipal and corporate bonds, commercial paper and other short-term investmentsand options on the S&P 500 index to hedge specific exposure created by The Standard’s equity index annuity product.

Retirement plan clients invest primarily in mutual funds, collective trusts and group variable insurance contracts. Investments are selected andretained based on their long-run adherence to specific performance and portfolio criteria. Portfolios are constructed based on mean return andvariance analysis.

For private clients, we primarily invest in mutual funds, but where appropriate, include stocks and bonds. These investments are used to populateallocations that are expected to produce returns and risk consistent with the client’s long-run objectives and risk tolerance. Mutual funds are selectedand retained based on their long-run adherence to specific performance and portfolio criteria. Our fixed-income and equity selections are based onfundamental and quantitative analysis. Some clients participate in a collared portfolio strategy where options on the clients’ investment securities arepurchased and sold in order to create a fully- or partially-funded floor on the portfolios’ performance. In addition, some clients participate in a strategywhere covered call options are written in their portfolios to generate additional income.

All investments present some risk of loss that clients should be prepared to bear. Stocks have greater return potential but are more volatile than otherinvestment types. Mutual funds may focus on certain sectors that may involve a greater degree of risk than other funds that provide broaderdiversification. In addition to the normal risks associated with equity investing, investments in smaller and mid-cap companies and narrowly focusedinvestments typically exhibit higher volatility and are less readily marketable than investments in larger companies or more diversified strategies.Similarly, international investing involves certain risks, such as currency fluctuations, economic instability, and political developments. These risksmay be accentuated in emerging markets. Real estate investment trusts are subject to special risks, such as tax law changes, and general economicconditions that may affect the value of the underlying real estate assets. Bonds are subject to certain risks including interest-rate risk, credit risk andinflation risk. As interest rates rise, the prices of bonds fall. Derivatives are subject to a number of risks, such as liquidity, interest rate, market, creditand management risk.

We rely on a variety of sources of information including but not limited to electronic and print data services, financial publications, credit ratingagencies, company regulatory financial filings and press releases. Our mutual fund selections are based on quantitative and qualitative analysis ofdata provided by various data services and the fund families and investment management firms.

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Disciplinary InformationWe have no disciplinary actions to disclose.

Other Financial Industry Activities and AffiliationsStanCorp Investment Advisers, Inc., is one of six subsidiaries that are part of StanCorp Financial Group, Inc. (StanCorp). StanCorp is also theholding company for Standard Insurance Company; Standard Life Insurance Company of New York; Standard Retirement Services, Inc.; StanCorpMortgage Investors, LLC, a commercial loan underwriter; StanCorp Real Estate, LLC, a real estate investment and property management companyand StanCorp Equities, Inc., a limited broker-dealer. All of these entities are marketed under the name, The Standard.

The senior management team members of StanCorp Investment Advisers, Inc., are also officers of one or more of the sister subsidiaries and may beengaged in the business of those subsidiaries in addition to the responsibilities they have to StanCorp Investment Advisers, Inc. Julie Grandstaff,CFA, vice president of StanCorp Investment Advisers, Inc., is also the president of StanCorp Equities. StanCorp Equities, Inc., facilitates services toretirement plan clients of Standard Retirement Services, Inc., and Standard Insurance Company. Neither StanCorp Equities, Inc., nor StandardInsurance Company provides advice or service to the private clients of StanCorp Investment Advisers, Inc.

Clients of StanCorp Investment Advisers, Inc., may also be clients of Standard Insurance Company, Standard Retirement Services, Inc., StanCorpMortgage Investors or StanCorp Equities, Inc.

StanCorp Investment Advisers, Inc. recommends the use of a stable value product issued by Standard Insurance Company to retirement plan clientsof Standard Insurance Company and Standard Retirement Services, Inc. StanCorp Investment Advisers, Inc., receives only the fixed retainer fee fromthese companies, and does not receive additional compensation when recommending this investment option.

Code of EthicsStanCorp Investment Advisers, Inc., maintains a code of ethics that governs the actions of personnel in their dealings with clients. The code coverspersonal trading, gifts and gratuities and the protection of client information. Any client or prospective client may request a copy of our code of ethicsat any time.

StanCorp Investment Advisers, Inc., recommends the use of a stable value product issued by Standard Insurance Company to retirement plan clientsof Standard Insurance Company and Standard Retirement Services, Inc. In order to overcome the potential conflict of interest this presents, thisinvestment option is evaluated in the same manner as other, non-affiliated, options in this category. In addition, StanCorp Investment Advisers, Inc.,receives only the fixed retainer fee from these companies and does not receive additional compensation when recommending this investment option.

From time to time, StanCorp Investment Advisers, Inc., staff members may purchase the same securities that are recommended to clients. Thiscould present a potential conflict of interest by encouraging staff members to act on their own behalf before the clients. In order to overcome thisconflict, employee transactions are executed in the same block trades as client transactions, with employees receiving pro-rata allocations in the samemanner as clients. In addition, employee transactions are monitored to detect inappropriate trading activity.

Brokerage PracticesStanCorp Investment Advisers, Inc., where applicable, has the discretion to determine the broker and/or institution with which trades are executed,the specific securities that are purchased and the size of transactions without prior client consent, within client established guidelines. Transactionsfor the Standard Insurance Company portfolio are executed on a competitive basis when possible. If there is not more than one bid or offer, thetransactions will be evaluated relative to a matrix of issuers with similar quality and maturity. Transaction size and issuer concentration are governedby the Standard Insurance Company investment policy, which may be changed at any time. Transactions for private clients are executed through acustodian platform. The basis for recommendation of the custodian includes availability of low-cost, high-quality mutual funds on the platform,transaction costs, and the accuracy and quality of trade execution and overall service to the client. StanCorp Investment Advisers, Inc., does notexecute trades for soft dollar benefits.

We participate in the Schwab Advisor Network to a limited extent. The service is designed to help investors find an independent investment advisor.Schwab is a broker-dealer independent of and unaffiliated with StanCorp Investment Advisers, Inc. Schwab does not supervise StanCorp InvestmentAdvisers, Inc., and has no responsibility for StanCorp Investment Advisers, Inc., management of clients’ portfolios or StanCorp Investment Advisers,Inc., other advice or services. StanCorp Investment Advisers, Inc., pays Schwab fees to receive client referrals through the service. StanCorpInvestment Advisers, Inc.’s, participation in the service may raise potential conflicts of interest. We may have an incentive to place client accountswith Schwab over another custodian.

In addition to Schwab, our private client assets may be custodied with T.D. Ameritrade, Fidelity or TIAA-Cref. However, Schwab is our preferredcustodian. Due the size of the assets we have with Schwab, we have the ability to negotiate favorable transaction charges on behalf of our clients withthem.

Where individual clients are in specified model portfolios, transactions may be aggregated across relevant clients. This allows us to execute trades ata single price and may reduce transactions costs.

Review of AccountsInvestment portfolios are reviewed regularly. Fixed-income holdings are monitored for changes in credit quality, business focus and merger activityusing alert mechanisms from our various information sources. Mutual funds are monitored for changes in ownership, management or investmentstrategy.

Mutual fund performance, selections and terminations are reviewed at least quarterly, and occasionally more often, by StanCorp Investment AdvisersInc.’s, investment committee for both retirement plan and private clients. Investment management clients receive reports quarterly or more often,detailing holdings, market value and activity. All clients receive a quarterly performance review comparing investment returns to appropriatebenchmarks. In addition, private client portfolios are reviewed regularly to determine whether rebalancing is required. Financial plans are alsoreviewed on a regular basis and updated as needed.

Client Referrals and Other CompensationStanCorp Investment Advisers, Inc., may, from time to time, enter into agreements with our employees or unrelated individuals for the purpose ofobtaining client referrals. These individuals may be compensated for referring new business to us.

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CustodyStanCorp Investment Advisers, Inc., is deemed to have custody of client assets, because in some cases, we deduct our management fee directlyfrom client accounts. However, we do not physically hold client assets. Our clients’ custodians and brokers all provide monthly statements eitherelectronically or in print. StanCorp Investment Advisers, Inc., also provides a quarterly report. Clients are encouraged to compare balances betweenthe custodian statements and the StanCorp Investment Advisers, Inc., quarterly reports, taking into account possible timing differences.

Investment DiscretionStanCorp Investment Advisers, Inc., takes investment discretion for most private clients and for participants in the Mainspring Managed servicethrough a limited power of attorney in the case of private clients and via a participant agreement in the case of Mainspring Managed participants. Forprivate clients, our investments are governed by the investment policy statement that the client develops with us when they engage our services.Clients have the opportunity to place restrictions on our authority. The Mainspring Managed service moves participant portfolios to more or lessaggressive strategies based on the changes in the participants’ situations, such as declining time to retirement, changes in assets relative to theretirement requirements, or other changes reported or requested by the participant. We do not have discretionary authority over retirement plan clientsof Standard Retirement Services, Inc., beyond that for the Mainspring Managed service.

Voting Client SecuritiesStanCorp Investment Advisers, Inc., may vote client securities for individual clients. In addition, we vote the securities on the Standard InsuranceCompany group variable contract. We do not vote securities on the Standard Retirement Services, Inc., NAV platform. In general, we vote with theboards of directors, unless the item would significantly change the nature of the investment the clients hold. Clients may obtain a record of our votesas well as our proxy voting policies upon request.

Financial InformationStanCorp Investment Advisers, Inc., does not have any financial impairment that will preclude the firm from meeting contractual commitments toclients. A balance sheet is not required to be provided because StanCorp Investment Advisers, Inc. does not require prepayment of fees of more than$1,200 per client, six months or more in advance.

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StanCorp Investment Advisers, Inc.1100 SW Sixth AvenuePortland OR 97204800.378.5742

www.standard.com

Advisory Service Center1100 SW Sixth AvenuePortland, OR 97204Phone: 800.858.5420

The Advisory Service Center is comprised of the supervised individuals listed in the column to the right. This insert provides information about these supervised individuals and supplements StanCorp Investment Advisers’ (SIA) brochure. You should have received a copy of that brochure. Please contact the Advisory Service Center at 800.858.5420 if you did not receive SIA’s brochure or if you have any questions about the contents of this supplement.

Matt KehlEducational Background And Business Experience• Year of birth: 1983• Formal Education: Bachelor’s degree in business finance from Western Oregon

University• Employers and positions held: Joined The Standard in this role in March 2009; he

was previously employed as a stockbroker at Phillips & Company• Disciplinary information: None

Other Business Activities• Other investment-related businesses: None• Broker/dealer affiliations: Registered representative, StanCorp Equities, Inc.• Other business activities: None• Additional compensation: None

SupervisionMatt is supervised by Cary Weischadle, Supervisor, Advisory Service Center. Cary reviews Matt’s advisory work through office interactions and observation. Cary can be reached at 971.321.8007.

Jonas MerrillEducational Background And Business Experience• Year of birth: 1981• Formal Education: Bachelor’s degree in economics from Towson University and a

graduate certificate in business management from Johns Hopkins University• Employers and positions held: Joined The Standard in this role in May 2009; he was

previously employed as a participant services representative at T. Rowe Price• Disciplinary information: None


SupervisionJonas is supervised by Cary Weischadle, Supervisor, Advisory Service Center. Cary reviews Jonas’ advisory work through office interactions and observation. Cary can be reached at 971.321.8007.

Continued

Retirement Plans

Supervised Individuals

Matt Kehl

Jonas Merrill

Jason Rogers

Bill Shank

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Jason RogersEducational Background And Business Experience• Year of birth: 1974• Formal Education: Bachelor’s degree in business administration from DeVry Institute of

Technology• Employers and positions held: Joined The Standard in this role in May 2009; he was

previously employed as an account executive at Fisher Investments and as a financial advisor at USAA

• Disciplinary information: None


SupervisionJason is supervised by Cary Weischadle, Supervisor, Advisory Service Center. Cary reviews Jason’s advisory work through office interactions and observation. Cary can be reached at 971.321.8007.

Bill ShankEducational Background And Business Experience• Year of birth: 1981• Formal Education: Bachelor’s degree in global leadership from Arizona State University• Employers and positions held: Joined The Standard in this role in January 2011; he

was previously employed as a financial advisor at USAA• Disciplinary information: None


SupervisionBill is supervised by Cary Weischadle, Supervisor, Advisory Service Center. Cary reviews Bill’s advisory work through office interactions and observation. Cary can be reached at 971.321.8007.

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807945 (3/08)

Savings FormMessiah College Defined Contribution


Sign up now! Simply complete the information below to begin saving in your retirement plan. Return the completedform to: Susan Deitch.



Date of Birth (mm/dd/yy) Date of Hire (mm/dd/yy) E-mail Address Phone

YOUR INFORMATION

Pre-Tax Savings (Check One)

The smallest amount you can contribute is 1% of your compensation. The most you can save during 2013 is $17,500 ($23,000if you are age 50 or older). Other plan or legal limits may also apply.

I elect to contribute as pre-tax contributions:

_______ %

No pre-tax amounts at this time. I elect to opt out of pre-tax contributions and understand I can enroll at a later time.

Roth Savings (Check One)

Enter the after-tax amount you wish to contribute to your Roth retirement savings account. The smallest amount you cancontribute is 0% of your compensation. The most you can save during 2013 (including any pre-tax contributions) is $17,500($23,000 if you are age 50 or older). Other plan or legal limits may also apply.

_______ %

I elect not to make Roth contributions at this time. I understand I can change my election at a later time.

HOW MUCH DO YOU WANT TO SAVE?

I authorize my employer and the plan administrator to deduct from my earnings the amounts determined by the percentage(s)designated above and to forward such amounts to the Plan. I also direct my employer and the plan administrator to implementany other instructions I have provided on this form. I have read the Disclosure Statement that follows and, by signing here, Iagree to be bound by its terms. The employer, trustees and any others concerned with the administration of the Plan areentitled to rely on these instructions; each shall be fully protected in taking or omitting any action under any provisions of thePlan in reliance on the information I have provided and selection I have made.


AUTHORIZATION

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The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA,distributes group annuity contracts issued by Standard Insurance Company and may provide other brokerage services. Third-partyadministrative services are provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp InvestmentAdvisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc.,and StanCorp Investment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations.

When you submit this completed form, your employer will implement your contribution request at the firstopportunity allowed under the Plan, assuming that you are eligible to participate.

When the completed form is received by The Standard, it will be processed within two business days. This form willoverride any changes previously made using INFOLINE or Personal Savings Center.

To make changes to your contribution amount after you have enrolled, please complete a new Savings Form,available from Susan Deitch or on our Web site at www.standard.com/retirement. Please return the completedform to your employer. To speak to a customer service representative you may call INFOLINE at 800.858.5420.

To select how you want your money to be invested, please use the Investing Form.

NEXT STEPS

You must notify The Standard within 15 days of receipt of your quarterly account statement if an error occurred, orif you requested and confirmed an investment transfer or directive change that was not completed during theperiod covered by the statement. You may give notice by contacting a customer service representative at800.858.5420 or by e-mailing [email protected]. Unless you give such notice, The Standard will not beliable for any resulting loss to your account. In any case, The Standard will not be liable if circumstances beyond itscontrol prevent the transaction, or if its liability is otherwise limited by regulation or agreement.


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807945 (3/08)

Investing FormMessiah College Defined Contribution


WHERE DO YOU WANT TO INVEST YOUR SAVINGS?

YOUR INFORMATION

The Standard can help you manage your investments when you select a Guided Portfolio. You may also create your own portfolio by completing theIndependent section below. If you do not indicate where to invest your savings, your assets will be placed in the plan’s default fund(s). The decisionsyou make regarding your investments will stay in effect until you modify them via The Standard’s Web site (www.standard.com/retirement) or viaINFOLINE (800.858.5420).Complete only one subsection, not both.



Date of Birth (mm/dd/yy) Date of Hire (mm/dd/yy) E-mail Address Phone

Guided Portfolios Choose ONE of the Guided Portfolios below by checking the appropriate box.The allocation for each of these portfolios can be found on the reverse side of this form.

Conservative Moderately Conservative Moderate

Moderately Aggressive Aggressive

Independent Select your own investments by entering whole percentages below. Be sure that your selections total 100% andthat the minimum in any one investment is 1%.1Signifies a scheduled fund termination that will occur in the next 120 days. 2Redemption fee may apply to short-term investments.

____% Prudential Guaranteed Inc 38 ____% American Century InflAdjBdIn ____% Metropolitan West TotRe Bd I

____% Vanguard Wellington Inv ____% Invesco Growth and Income Y ____% JPMorgan US Equity Sel

____% TIAA-CREF Instl So Ch Eq Ret ____% Fidelity Spartan 500 Idx Inv ____% MainStay Large Cap Growth I

____% RidgeWorth Md-Cp Val Eq I ____% Aston Fairpointe Mid Cap I ____% Vanguard Mid Cap Index Sig

____% Prudential Jennison MidCap Z ____% Franklin Small Cap Value A ____% Vanguard Small Cap Index Sig

____% Prudential Jennison Sm Co Z ____% American Funds New Prspct R5 ____% Dodge & Cox Intl Stk

____% American Funds EuroPacifc R5 ____% Oppenheimer Devel Markets Y

100% Total

AUTOMATIC REBALANCER

Check a box below to select the Automatic Rebalancer service for your Plan account. If you select this service, your accountassets will be rebalanced to match your investment directives at the time of rebalancing. Automatic Rebalancer will remain offif you do not make a selection below.

How often would you like your account rebalanced? Quarterly Semiannually Annually

AUTHORIZATION

I authorize my employer and the plan administrator to invest my savings as outlined on this form. I also direct my employerand the plan administrator to implement any other instructions I have provided on this form. I have read the DisclosureStatement on this form and, by signing here, I agree to be bound by its terms. The employer, trustees and any othersconcerned with the administration of the Plan are entitled to rely on these instructions; each shall be fully protected in taking oromitting any action under any provisions of the Plan in reliance on this information.


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Conservative ModeratelyConservative

Moderate ModeratelyAggressive

Aggressive

Cash Equivalent 30% 20% 10% 0% 0%

Prudential Guaranteed Inc 38 30% 20% 10% 0% 0%

Bonds 50% 40% 30% 20% 0%

Metropolitan West TotRe Bd I 50% 40% 30% 20% 0%

Large Cap Stocks 13% 26% 39% 52% 65%

Fidelity Spartan 500 Idx Inv 7% 13% 19% 26% 33%

MainStay Large Cap Growth I 3% 7% 10% 13% 16%

Invesco Growth and Income Y 3% 6% 10% 13% 16%

Small/Mid Cap Stocks 4% 8% 12% 16% 20%

Prudential Jennison MidCap Z 1% 2% 3% 4% 5%

RidgeWorth Md-Cp Val Eq I 1% 2% 3% 4% 5%

Vanguard Small Cap Index Sig 2% 4% 6% 8% 10%

International Stocks 3% 6% 9% 12% 15%

Dodge & Cox Intl Stk 3% 6% 9% 12% 15%

Your employer will forward the completed form to The Standard. Upon receipt, The Standard will process it within two businessdays. This form will override any changes previously made using INFOLINE or Personal Savings Center.

For information about redemption fees that may apply to certain funds signified by “2” on the reverse side, please contact TheStandard at 800.858.5420.

To make changes to your account after you have signed up, please use our Web site at www.standard.com/retirement or callINFOLINE at 800.858.5420.

To select the amount you wish to save, please use the Savings Form.

You must notify The Standard within 15 days of receipt of your quarterly account statement if an error occurred, orif you requested and confirmed an investment transfer or directive change that was not completed during theperiod covered by the statement. You may give notice by contacting a customer service representative at800.858.5420 or by e-mailing [email protected]. Unless you give such notice, The Standard will not beliable for any resulting loss to your account. In any case, The Standard will not be liable if circumstances beyond itscontrol prevent the transaction, or if its liability is otherwise limited by regulation or agreement.


GUIDED PORTFOLIO DESCRIPTION

NEXT STEPS

The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA, distributesgroup annuity contracts issued by Standard Insurance Company and may provide other brokerage services. Third-party administrative servicesare provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp Investment Advisers, Inc., aregistered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorpInvestment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations.

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807945 (3/07)

Beneficiary Designation for Death Benefits FormMessiah College Defined Contribution


See reverse for instructions and explanation.

PARTICIPANT Complete this section (and Spouse section, if necessary), and submit to your employer

Name of Participant

Social Security Number Date of Birth

I have read the explanation on the back of this form. I understand that if I am married and die before I retire, my Plan Benefits will be paidto my spouse. However, I have the right to waive payment to my spouse as sole beneficiary, provided my spouse consents to the waiver. Ican revoke this waiver at any time. This designation replaces any previous designation.

I designate as my primary beneficiary for benefits from this plan:

_________________________________________________ _________________________________________________Name of Primary Beneficiary (please print) Name of Primary Beneficiary (please print)

_________________________________________________ _________________________________________________Relationship Date of Birth Relationship Date of Birth

_________________________________________________ _________________________________________________Current Address Current Address

I designate as my contingent beneficiary for benefits from this plan:

_________________________________________________ _________________________________________________Name of Contingent Beneficiary (please print) Name of Contingent Beneficiary (please print)

_________________________________________________ _________________________________________________Relationship Date of Birth Relationship Date of Birth

_________________________________________________ _________________________________________________Current Address Current Address

I am married unmarried

If I am married and have designated someone other than my spouse as my beneficiary, this designation will be effective only if my spouseconsents to it by signing in the spouse section below.

X _______________________________________________ _________________________________________________Participant Signature Date

Please keep a copy of this form for your records

SPOUSE Complete this section if the participant designated a non-spouse beneficiary above. Your signature must be witnessedby a Plan Representative or Notary Public.

I have read the explanation on the back of this form. I understand that my consent is irrevocable unless my spouse revokes that election.

I consent to the beneficiary designation made by the participant. I understand that if the participant dies prior to retirement, any benefitsunder the Plan will be paid to the designated beneficiary.

_________________________________________________ X _________________________________________________Name of Spouse (please print) Signature of Plan Administrator or Notary Public Date

X_________________________________________________ _________________________________________________Spouse Signature Date Title

I, __________________________________________, state that it has been established to my satisfaction that spousalconsent to this election cannot be obtained because there is no spouse, the spouse cannot be located, or other circumstancesmake obtaining such spousal consent impossible.

X__________________________________________ ________________________________ _________________Plan Representative Signature Title Date

PLAN REPRESENTATIVE Complete this section if there is no Spouse signature

21

- Participant must complete the “Participant” Section, and if necessary, have his or her spouse complete the “Spouse” Section.

- The participant should then return the form to the employer who will complete the “Plan Representative” Section, if applicable,and keep the completed form on file for future reference.

EXPLANATION OF DEATH BENEFIT

MARRIED PARTICIPANTSIf you die before you retire, your retirement plan provides that any plan benefits to which you are entitled will be paid to yoursurviving spouse. Your surviving spouse is the spouse to whom you were married throughout the one-year period ending onyour date of death.

However, if your spouse consents in writing, you may designate a beneficiary other than your spouse to receive the benefits.Your spouse’s consent must be witnessed by the Plan Administrator or the Plan Administrator’s representative or by a NotaryPublic.

You may not change your beneficiary designation without your spouse’s written consent.

You may revoke your election at any time. To make a new election, you must again obtain your spouse’s written consent.

UNMARRIED PARTICIPANTSYou may designate a beneficiary to receive any benefits to which you are entitled if you die before you retire.If you marry after completing this form, your beneficiary designation election may no longer be valid and your spouse may beentitled to the benefits described above for married participants.

IF YOUR MARITAL STATUS CHANGES OR IF YOU HAVE ANY QUESTIONS ABOUT THIS EXPLANATION, PLEASECONTACT THE PLAN ADMINISTRATOR.

INSTRUCTIONS

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807945 (3/07)

Application for Rollover FormMessiah College Defined Contribution


Participant’s Signature Date

See reverse for instructions on completing this form

Participant Name (please print) Social Security Number

Phone Number

PARTICIPANT INFORMATION

See your Summary Plan Description or Plan Administrator for your plan’s rollover provisions. I request the Plan Administrator toaccept my rollover, based on the following information. The Plan Administrator reserves the right to require additional evidencethat my distribution is from a qualified retirement plan, a tax sheltered annuity, a governmental 457 plan, or an IRA, as allowedby the Plan.

Name of distributing plan or IRA custodian:__________________________________________________________________

The requested rollover represents:

a. An eligible rollover distribution from: a qualified retirement plan a tax-sheltered annuity a governmental 457 planb. a distribution from a traditional IRA that would otherwise be includable in my gross income.c. a distribution from a Conduit IRA which consisted solely of an eligible rollover distribution from a qualified plan and any

associated earnings, for which I wish to preserve capital gains and averaging treatment.

The distribution:

will be paid directly from the distributing plan to The Standard on behalf of this Plan.is from another qualified plan; it includes after-tax contributions of $__________, which must be accounted for separately.was paid to me on ______________________. (The Standard must receive distribution within 60 days.)

ROLLOVER CONTRIBUTION INFORMATION

The distribution check should be Reliance Trust Companypayable to Reliance Trust Company FBO: (Participant’s Name)and mailed to: Attn: The Standard Team

1100 Abernathy RoadBuilding 500, Suite 400Atlanta GA 30328

I verify that the information provided above is true and complete. I understand that the Plan Administrator may choose not toaccept this rollover if it would jeopardize the Plan’s tax status. I also understand that if this rollover is accepted, it will bedirected to investments based on my contribution directives in place at the time the rollover is received by The Standard. If I donot have directives in place, the rollover will be deposited into the Plan’s Default Fund.

PAYEE AND MAILING INSTRUCTIONS

PARTICIPANT’S SIGNATURE

Attention: Plan No.:Plan Name:

807945Messiah College Defined Contribution RetirementPlan

PLAN ADMINISTRATOR’S ACCEPTANCE

As an authorized representative of the Messiah College Defined Contribution Retirement Plan, I certify the Plan Administratorhas investigated the rollover requested above and is satisfied that it will not jeopardize this Plan’s qualified status under theInternal Revenue Code. Therefore, the rollover is accepted, and The Standard is authorized to invest these funds as directedand to establish the appropriate additional accounts for the participant.

Name and Title (please print)

Signature Date

23

807945 (3/07)

PLAN ADMINISTRATOR: REVIEW AND APPROVE STEP 2

Rollover Instructions

Follow these instructions to initiate a rollover from a qualified retirement plan or conduit IRA. See reverse for Rollover Application.

PARTICIPANT: COMPLETE APPLICATION FOR ROLLOVER STEP 1

1. Review your Plan Document to ensure the requested rollover can be accepted. More detailed instructions may be foundin Section 5 of the Administration Guide available on our PlanNet® Web site.

2. If the rollover request is acceptable, complete the following sections of the Application for Rollover Form:• Payee and Mailing Instructions (Include Plan Number and Plan Name.)• Plan Administrator’s Acceptance

3. To avoid processing delays, promptly fax the form to The Standard at 971.321.7998.4. Provide a copy of the completed form to the Participant.5. Please endorse as “Payable to The Standard” any rollover check not payable to The Standard.

PARTICIPANT: REQUEST ROLLOVER TO THE STANDARD STEP 3

1. Complete the following sections of The Standard’s Application for Rollover:2. • Participant Information • Rollover Contribution Information • Participant’s Signature3. Provide the completed Application for Rollover to the Plan Administrator of your current employer’s plan for approval

and submission to The Standard Insurance.

Note: A rollover check received by Standard Retirement Services will be returned to the issuing company if acompleted Application for Rollover is not also received within 10 business days.

QUESTIONS? Call the Participant Communication Team at 800.858.5420.

• The source of rollover funds may be a qualified retirement plan, a tax-sheltered annuity, a governmental 457 plan, or anIRA as allowed by your Plan. The Plan Administrator reserves the right to require satisfactory evidence that yourdistribution is from a source allowed by the Plan.

• If the distribution check was made payable to you, the rollover funds must be received by The Standard within 60 days ofthe date you received the distribution.

• If you wish to rollover taxes withheld from your eligible rollover distribution, your check for the amount of the taxes must bereceived within 60 days of the date you received the distribution.

• After-tax money may be eligible for rollover, but only from a qualified plan. After-tax money must be received as a directrollover to The Standard from your prior plan. Certain types of distributions are not eligible for rollover, including requiredminimum distributions (on or after age 70 1/2), non-taxable payments (after-tax contributions) from IRAs, periodicpayments for your life or for a period of 10 years or more, and hardship withdrawals.

PLEASE NOTE: A rollover check that is received at The Standard will be returned to the issuing company if aCompleted Application for Rollover is not received within 10 business days. This completedform must be faxed to the following number: 971.321.7998.

1. Request a rollover from your previous employer’s plan or conduit IRA.If you do not request a direct rollover from your previous employer’s plan, federal income tax will be withheld at the rateof 20% of your taxable distribution. Additional state withholding may also occur. You can roll over up to 100% of theeligible rollover distribution, including the amount that was withheld. If you choose to roll over the amount withheld fortaxes, you must deposit the money within the 60-day period.

2. The Distribution check should be payable to Reliance Trust Company and mailed to:

Reliance Trust CompanyFBO : (Participant’s Name)Attn The Standard Team1100 Abernathy RoadBuilding 500, Suite 400Atlanta GA 30328

Attention: Plan No.: 807945

Plan Name: Messiah College Defined Contribution Retirement Plan

24

SRS 14368-Reliance (3/09)

Current 403(b) Provider Name Contract or Account No.

Current 403(b) Provider Address

CURRENT PROVIDER INFORMATION

Participant Name Social Security No. Date of Birth

Mailing Address City State Zip Phone No.

PARTICIPANT INFORMATION

Application for 403(b) TransferStandard Retirement Services, Inc.1100 SW Sixth Avenue Portland OR 97204-1020971.321.7998 Fax

The Plan Sponsor has adopted or will adopt a written 403(b) Plan (“Plan”), which will include The Standard as an approved Provider to receive exchanges/transfers. It is the Sponsor’s intent that the written plan will meet the requirements of section 403(b) of the Internal Revenue Code (“Code”) and the regulations thereunder. The Standard will make available investment options meeting the requirements of section 403(b) of the Code to Plan participants.

The Standard will accept the transferred funds for the benefit of this Plan participant and apply the restrictions of Code section 403(b) as applicable.

___________________________________________________________ The Standard Print Name of Sponsor

Authorized Signature: _______________________________________ Signature: __________________________________________

Print Name: ________________________________________________ Print Name: _________________________________________

Title: ______________________________________________________ Title: _______________________________________________

Email Address: _____________________________________________

To transfer assets from another Internal Revenue Code section 403(b) account to an account with The Standard, first contact your current provider to initiate the transfer. Then complete this form to notify The Standard that you are transferring assets. Fax this completed form to 971.321.7998.

May we contact your prior provider to assist with the transfer process? Yes No

Reliance Trust CompanyAttn: The Standard Team1100 Abernathy RoadBuilding 500, Suite 400Atlanta GA 30328

Account Number:

For Benefit Of (my name):

Contract Number:

I understand that this transfer is intended to qualify as a contract exchange or transfer under applicable regulations, and will not constitute actual or constructive receipt for federal income tax purposes. I understand these assets will be treated as pre-tax or Roth contributions and earnings as identi ed above and will be invested according to my investment directives currently on le with The Standard or, if I do not have investment directives on le, in a default fund identi ed by a plan duciary. I acknowledge the information provided above is true and complete.

SPECIAL INSTRUCTIONS TO CURRENT PROVIDER Please liquidate the annuity contract or custodial account identi ed above and transfer the assets to:

Participant Signature Date

AMOUNT AND SOURCE OF FUNDS

Estimated employee pre-tax deferral source transfer amount:

Estimated employer contribution source transfer amount:

Estimated Roth after-tax employee deferral source amount:

TOTAL estimated transfer amount:

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26


403(b) Transfers

What Is A Transfer?A transfer is moving your 403(b) accounts from a prior provider to The Standard.

Why Choose The Standard?The Standard has more than 75 years of experience providing security and peace of mind. Transferring your 403(b) to The Standard gives you:

Easy access to your account by phone and online.

Skilled customer service representatives who can provide personal assistance.

A diversified portfolio of quality investment options.

A single, easy-to-read statement where you can easily review your retirement investments. This allows you to track progress toward your goals and simplifies your recordkeeping.

Why Choose The Standard?When transferring 403(b) money to The Standard from another retirement plan provider, be sure to ask your old provider the following questions and record their answers below:

Q: What paperwork is required to transfer my account balance to The Standard?

A:

Q: Will you accept The Standard’s 403(b) transfer form, which names The Standard as an approved provider under the plan?

A:

Q: Once you receive the necessary paperwork for the transfer, when will my account balance move to The Standard?

A:

Q: How will I be notified when this transfer is complete?

A:

Q: What charges will apply to my transfer?

A:

Note: The Standard’s 403(b) transfer form must be completed before the transferred money can be credited to your new account.

Saving for retirement – these three words can put a lot of people to sleep, but the decisions involved are among the most important you’ll ever make.

At times throughout your career, you might have to decide whether to move your retirement plan account. You might be dissatisfied with your current investment options, or you could just want to consolidate your retirement accounts with a single provider for the sake of simplicity. A 403(b) transfer is one option available to you.

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27


403(b) Transfers

ChecklistAction Items

Contact your prior provider. Ask the questions above and complete and send the necessary forms. Usually, they will have a process you must follow. They also may impose a charge for transferring your account.

Obtain a copy of your most current statement from your prior provider and verify the balance.

Review and choose your investment options from the funds offered by The Standard. Our Investor Profile quiz can help you create a personalized investment plan. (You may wish to select your investment options before transferring your money; otherwise, your funds will be transferred to the plan’s default fund.)

Ensure that the transfer check is mailed to The Standard as follows:

Reliance Trust Company FBO [Your Name; Plan Name]Attn: The Standard Team1100 Abernathy Rd.Building 500, Suite 400Atlanta, GA 30328Note: Reliance Trust Company serves as custodian for transferred 403(b) accounts.

Send a copy of The Standard’s 403(b) transfer form to your previous 403(b) provider along with copies of any other forms your prior provider may require.

Keep this and copies of all paperwork for your records.

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28

807945 - W As of July 21, 2013

Special Notice and Plan OverviewMessiah CollegeDefined ContributionRetirement PlanThis Special Notice and Overview is provided as a quick reference to certain key provisions of theretirement plan. Since the plan is based on a complex legal document, the Overview does not attemptto describe every aspect of the plan or to detail all of its terms. For a more complete description of planprovisions, refer to the Summary Plan Description. If there is a conflict between this Overview and theplan, the plan’s provisions will prevail.

This Special Notice and Overview contains important plan information that must be madeavailable to eligible participants.

Entering the PlanAll employees are eligible to participate in the plan on the first entry date.

Certain groups of employees are excluded from participating in the plan, including:√ Matching only - Employees who normally work less than 20 hours per week√ Student employees

Entry date is immediate after service requirements, if any, are met.

Participant ContributionsParticipants may contribute to the plan on a pre-tax basis. These contributions, known as “elective deferrals,” must fallwithin the following range:

Minimum 0 percent of compensation

Maximum $17,500 in 2013 (additional $5,500 if age 50 or older, plus if you have 15 years of service with a QualifiedOrganization, and this plan sponsor is a Qualified Organization, you may be eligible to contribute up to anadditional $3,000) or maximum allowed by law, whichever is less

Other factors may further limit contributions.

Traditional 403(b) contributions are made on a pre-tax basis, thus reducing your current taxable income. Your contributionsand earnings grow on a tax-deferred basis and will be taxable upon distribution.

29

807945 - W As of July 21, 2013

Roth Contributions

Roth contributions allow you to contribute to your retirement account on an after-tax basis. Earnings on Roth contributionswill be tax free upon withdrawal if certain conditions are satisfied. To be tax free, the withdrawal cannot occur for at leastfive years after the first Roth contribution is made to your account and you must be at least age 59½ or disabled. If you die,your beneficiary can take a tax-free withdrawal after the account has been in place for five years. The five-year period ismeasured from the first day of the tax year in which the first Roth contribution is made.

You must declare how your contributions are to be invested - traditional or Roth - before they are made. After money is in aRoth account, it cannot be transferred into a traditional pre-tax 403(b) account. You may stop contributing to the Rothaccount and start contributing to the traditional 403(b), but the Roth and pre-tax accounts will remain separate.

Regardless of whether you choose a traditional 403(b) deferral or a Roth 403(b) contribution, you may change yourcontribution percentage or re-enter the plan on the first day of any future payroll period. Contact your payroll department fordetails. If necessary, you may stop your contributions on the first day of any payroll period with reasonable advance notice.

Your participant contributions to either a traditional 403(b) or a Roth 403(b) are 100 percent vested - which means that youown them - at all times.

Please consider your options carefully prior to making an enrollment selection.

Qualified Default Investment Alternative Notice

You can direct how your contributions are invested among the available investment options. If you do not direct how yourcontributions should be invested, they will be invested in the following Qualified Default Investment Alternative (QDIA):

Investment Default Directive Percent

Vanguard Wellington Inv 100%

Make sure that your directives cover 100 percent of your contr ibutions. If you direct less than 100 percent of yourcontributions, the entire amount will be invested in the investment option(s) described above. However, you can transferyour assets from the QDIA to other investment options, without penalty.

You may use the Personal Savings Center at www.standard.com/retirement or theFeeDisclosuresection of this documentto find out more about your account, including a description of the default investment option, its investment objectives,risk and return characteristics, and any applicable fees and expenses.

Employer Contributions

To help you reach your retirement goals, we may match your contribution to the plan. Please refer to your Summary PlanDescription for the details of the matching contribution formula.

You will become vested in - which means you will earn ownership of - the matching contribution according to this schedule:

Years ofService

VestedPercentage

Less than 2 0%2 or more 100%

Vesting ServiceEmployees earn credit toward vesting for all plan years in which they work at least 1,000 hours with our company.Individuals who were employed on the plan’s effective date will qualify for vesting credit for their prior service with our firmon the same basis.

30

807945 - W As of July 21, 2013

LoansYou may qualify to borrow a portion of your vested account balance under the terms of the plan’s Loan Policy. The LoanPolicy spells out specific details and restrictions, including the amounts that you may borrow from the plan, repayment terms,loan fees and interest rates.

The Loan Policy is available on the Personal Savings Center Web site at www.standard.com/retirement.

We recommend that you consider other sources for your loan needs before borrowing from your retirement account.

Distributions and WithdrawalsA distribution from your account may be available to you or your beneficiary at:• normal retirement, which is age 59.5• age 59.5 while still employed• financial hardship (as defined by the plan)• termination of employment• death or disability

Additional requirements for distributions may also exist. Please review your Summary Plan Description for complete details.

Rolling over retirement accountsCombining assets from several retirement accounts is much easier now than in the past. Plans may now accept rollovers from:• 401(k) and other qualified retirement plans• governmental deferred compensation (457) plans• tax-sheltered annuities (TSAs) and IRAs

Follow the instructions on the “Application for Rollover” form available on Personal Savings Center atwww.standard.com/retirement. Rollover money received by the plan will be invested according to your investmentdirectives for new contributions.

If you have received a distribution check from a retirement plan, you must complete a rollover within 60 days of receipt. Ifthe rollover is not completed within this period, the distribution cannot be rolled over and becomes taxable income. It mayalso be subject to a 10 percent early withdrawal penalty.

QuestionsIf you have questions about the plan, please contact Susan Deitch.

To contact a Customer Service Representative at the plan’s service partner, The Standard, e-mail [email protected] or call 800.858.5420 between 5:00 a.m. and 5:00 p.m. Pacific Time.

If you have received this notice electronically, you can obtain a paper copy or supplemental materials described in this noticefrom your plan administrator or the human resources department.

31

807945 - W As of July 21, 2013

ERISA 404(c) Notice and InformationParticipants in The Messiah College Defined Contribution Retirement Plan areresponsible for directing the investment of their own retirement accounts. Yourplan has several investment options in which you can invest some or all of youraccount. Using these investment options, you can build a portfolio that deliversthe mix of risk and return that is most appropriate for your circumstances.

By taking an active role as an investor of your retirement account, you also havethe opportunity to make investment choices that could potentially deliver betterreturns for your account than would otherwise be possible. At the same timeyour decisions may also result in investment losses or returns that are lowerthan might have been possible had other choices been made.

The Employee Retirement Income Security Act (ERISA) provides regulationsregarding the investment of retirement plan assets. Section 404(c) of ERISAstates that a plan fiduciary is not responsible for the investment choices made byplan participants. By meeting all of the requirements under Section 404(c), thefiduciary may be relieved of fiduciary responsibility for the asset allocationdecisions made by plan participants. Fiduciaries of a Section 404(c) plan are notliable for losses that result from plan participants’ exercise of control over theassets in their retirement plan accounts.

The Messiah College Defined Contribution Retirement Plan intends to qualifyas an ERISA Section 404(c) plan. As part of the effort to ensure full compliancewith the requirements of Section 404(c), the plan will:

• Let you choose from at least three different, internally diversified*investment options that have materially different risk and return characteristics;

• Permit you to transfer your retirement account assets among the investmentoptions on any business day (although other considerations will affect thefrequency of your trades); and

• Provide you with the opportunity to obtain sufficient information to makeinformed investment decisions.

*Diversification does not ensure against loss.

More information about your plan’s fees and investmentoptionsDescriptions of the plan’s fees and investment options are included in thefollowing pages. Each investment option description provides basicinformation including investment objectives, fund managers, relative risk, feesand a snapshot of its holdings.

Additional information is available through the Personal Savings Center, TheStandard’s website for retirement plan participants. The performance pageprovides performance information for all of the investment options. Click onthe name of the investment option for more information about that option,including a link to the mutual fund company’s website where you can view aprospectus.

Frequent Trading PolicyYour retirement plan is intended to helpyou accumulate assets for yourretirement. The plan and the servicesprovided by The Standard have beendesigned to help support your long-terminvestment needs throughout yourworking and retirement years.

The plan is not intended to facilitatefrequent trades among investmentoptions or provide “day trading”opportunities. Short-term tradingadversely affects the plan’s operationsand increases the expenses of both theplan and the investment options.

The Standard’s agreements with ourmutual fund alliance partners require usto adhere to trading rules established inthe prospectuses. Besides normalcontribution activity, generally onepurchase and one redemption in aninvestment option during a 90-dayperiod is considered reasonable transferactivity.

Trading activity will be monitored. Ifexcessive transfer activity is identified,we may suspend the participant’s abilityto execute transfers through thePersonal Savings Center Web site andINFOLINE telephone system. Anytransfers will have to be requested usingpaper forms and will be executedaccording to trading guidelines. Thismay lead to delays in the execution ofrequested transactions.

32

807945 - W As of July 21, 2013

Fee DisclosureMessiah College Defined Contribution Retirement Plan

As of July 21, 2013

About This Information

Retirement plan sponsors are required by the Department of Labor to disclose the fees related to your plan. Thisdocument provides the required information.

Section One contains information covering your participation in the plan and plan-level fees that may be charged toyour account. Section Two contains comparative fee and performance information for each investment optionprovided in your plan. If you have any questions about this information, you can either call 800.858.5420 to speak toa customer representative or talk to your plan administrator.

Section One - Participation and Plan-Level Fees

General Plan Information

Investment Instructions: To direct or make changes to how your account will be invested among the plan’sdesignated investment options, you must complete and submit an Investing Form. If your plan offers theservice, you can enroll or make changes to your directives online at www.standard.com/retirement. Youmay direct the investment of all funds held in your plan account.

Limitations on Instructions: You may give investment instructions on any day the New York StockExchange is open for business. Certain restrictions on trading may apply depending on the investmentoption. Many investment options, such as mutual funds, impose restrictions on frequent trading. The plan isnot intended to facilitate frequent trades among investment options or provide “day trading” opportunities.Short-term trading adversely affects the plan’s operations and increases the expenses of both the plan and theinvestment options. The Standard’s agreements with our mutual fund alliance partners require us to adhereto trading rules mutually-agreed upon by Standard and the fund company. Section Two below provides moreinformation on these restrictions.

The Standard’s Frequent Trading Restr iction Procedures: In reviewing for frequent trading, Standardperforms a weekly review of participant-directed transactions in order to identify participants who have morethan one round-trip during a 90-day period (a “frequent trader” ). If a participant has been identified as afrequent trader, a warning letter is sent to the participant. If frequent trading activity continues, theparticipant’s ability to trade via the participant website and the interactive voice response system will besuspended for 90 days. During this period, the participant will be required to submit written requests totrade. Each request will be evaluated, and executed only if it complies with frequent trading rules. After 90days, the participant’s privileges are reinstated. If the participant has a subsequent violation, their tradingprivileges will be suspended indefinitely and they will be required to submit written requests to trade.

Certain mutual fund companies require us to follow different parameters. For specific details please call yourcustomer representative at 800.858.5420 or your plan administrator.

Voting and Other Rights: The trustee will exercise any voting or other rights associated with ownership ofinvestments held in your plan account.

Designated Investment Options: The plan provides designated investment options into which you candirect the investment of your account. The chart shown in Section Two of this notice lists the options andprovides various information about them.

33

807945 - W As of July 21, 2013

Plan Administrative and Individual Expenses

There are certain fees and expenses associated with your plan, such as recordkeeping, compliance, consulting andaccounting. Unless the plan sponsor, which is typically your employer, elects to pay some or all of those expenses,they will be paid from the plan assets, which will affect your account balance. The cost for these services fluctuateseach year based on a variety of factors including the total amount of assets in your plan. These fees may be reduced byamounts paid by mutual fund companies to The Standard. The Standard passes these amounts back to the plan toreduce or offset fees. The fees shown in the Plan Administrative Fees Table are fees that are not part of the totalannual operating expenses.

Other services may be provided periodically to the plan as necessary for consulting, compliance and custodialservices. To the extent these expenses are not charged against forfeitures or paid by the employer, or reimbursed by athird party, the plan may charge these expenses against participant accounts.

Annual Plan Administrative Fees

Fee Name Fee Amount

Plan Administrative Fees (including applicablerecordkeeping, accounting, compliance and consultingservices. The fees reflect an annual amount deductionproportionally on a quarterly basis)

The Plan’s Administrative fees vary based on the totalamount of assets in the Plan. The Fee Amount shownreflects the rate charged as of the date of this notice.

0.30% assessed on total plan assets, allocated pro rataamong participant accounts

plus

0.30% assessed on total plan assets, allocated pro rataamong participant accounts1

Eligible Participants with a Balance Annual fee of $15.00 allocated to participant accountson a per capita basis

Individual Fees

The plan may also impose specific charges against individual participant accounts for certain transactions. Thesecharges may arise based on your use of a feature available under the plan (such as taking a distribution or forprocessing a qualified domestic relations order in case of a divorce).

Additionally, buying or selling some investments may result in charges to your individual account, such asredemption fees. The Section Two charts below provide information on these investment charges.Fee Name Fee Amount

Qualified Domestic Relations Order $200.00 minimum

Mainspring Managed Account - Employee Paid Up to $10.00 per month

Distribution Approvals $25.00 per event

Overnight Delivery $30.00 per event

Paper Distribution $75.00 per event

Paper Distributions upon Death/ Disability/ Retirement $75.00 per event

Paper Loan $125.00 per event

Paperless Distribution $50.00 per event

Paperless Distributions upon Death/ Disability/Retirement

$50.00 per event

Paperless Loan $100.00 per event

34

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39


How To Read A Fund Fact Sheet

Example: ABC Balanced Fund (ABCBF)

Morningstar Category, Rating, Return And RiskA high-level overview that includes the fund’s asset class, as well as several assessments that compare it to similar funds to obtain a “star rating” based on performance (after adjusting for risk and accounting for all sales charges), its excess return over a risk-free rate (the return of the 90-day Treasury bill), and its variations in monthly returns.

Investment StrategyA description of the fund’s aims or objectives as well as investment strategies, such as:

Capital Preservation – Seeks to protect against loss of principal, uses a conservative investment approach focused on low risk

Growth And Income – aims for some income and some growth, uses a moderate approach with higher risk than capital preservation

Aggressive Growth – seeks capital appreciation, employs aggressive high-risk strategies aimed at higher long-term returns than the other approaches

This section can include more details about investment strategies such as focusing on certain sectors of the market, or employing a bottom-up (company-by-company) approach to investing.

Volatility AnalysisAn attempt to quantify the risk associated with investing in the fund based on its short-term volatility relative to its long-term past performance.

Portfolio AnalysisFacts and figures such as:

Composition – a graphic representation of the fund’s holdings into broad asset classes such as stocks, bonds or cash.

Top 5 Holdings – the top five largest holdings in the fund by company/government agency or industry; an indicator of diversification

Total Number Of Holdings – the number of holdings in the fund; an indicator of diversification (lower risk) versus concentration (higher risk)

Annual Turnover Ratio % – the percentage of the investment option’s holdings that have been “turned over” or replaced with other holdings in a given year

Total Fund Assets – the total amount of investor money in the fund

Morningstar Style Box™ – the size and type of companies (in the case of stocks) or the length and quality of bonds, often in a grid or box that indicates its risk/return potential

Morningstar Super Sectors – a breakdown of the fund’s assets according to Morningstar’s overarching consolidation of all industries into one of three “economic spheres”

Fund fact sheets don’t always look alike. Some include graphics, others have more facts and figures, many use different headings for the same subjects. However, most of them contain the same basic information.

A fund name, “ABC Balanced Fund” in the example, often indicates the type of fund.

The ticker symbol, “ABCBF” in the example, is an identifying number that can be used to do more research.

10.

17.2

011

STN_How_to_Read_FFS.pdf

40


Credit Analysis: % Bonds – a depiction of the quality of bonds in the fund’s portfolio. Bonds rated AAA are considered to have the lowest default risk among issuers. Bonds rated below BBB are considered below investment grade and bonds rated B or below are considered speculative

Risk Measures – uses standard deviation to measure the fund’s historical price volatility on an absolute basis. The higher the number, the more volatile the fund

OperationsFund Inception Date – The day on which a fund began offering shares

Portfolio Manager/Management Company – names of the people and firms who are managing the fund and/or providing sub-advisory services

Web Site: Web address of the fund company managing the investment option

10.

17.2

011

STN_How_to_Read_FFS.pdf

41

Prudential Guaranteed Income Fund Release Date06-30-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryStable Value

Overall Morningstar Rating™ Morningstar Return Morningstar Risk. . .

Investment Objective & StrategyThe Guaranteed Income Fund (GIF) is a Stable Value funddesigned to provide safety of principal, liquidity, and acompetitive rate of return.

Portfolio AnalysisComposition as of 03-31-13 % Assets

Synthetic GICs 0.0Traditional GICs 0.0Cash 0.0Other 100.0

What do Stable Value Funds invest in?

Stable value funds tend to invest in high-quality bonds withshort- to intermediate-term maturities. They also purchaseinsurance contracts which aim to provide price stability on aday-to-day basis. The horizontal axis of the Morningstarfixed-income Style Box shows duration, a measure of howthe funds price will change in response to interest-ratechanges. Because stable value funds insurance contractsusually prevent any fluctuations in the funds prices, thesefunds are insulated from interest-rate volatility and theirduration is effectively zero.

Morningstar Style Box™ as of 03-31-13

HighM

edLow

Ltd Mod Ext

OperationsFund Inception Date 01-01-11Total Fund Assets ($mil) 17,356.00Portfolio Manager Management TeamManagement Company Prudential Investment

Management, Inc.Web Site www.prudential.com/pfi

Volatility AnalysisRisk: Below Average

In the past, this investment has shown a relatively smallrange of price fluctuations relative to other investments.Based on this measure, currently more than two-thirds of allinvestments have shown higher levels of risk. Consequently,this investment may appeal to investors looking for aconservative investment strategy.42

American Century Infl-Adj Bond Inv ACITX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryInflation-Protected Bond

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average Below AverageOut of 179 Inflation-Protected Bond funds. An investment's overall Morningstar Rating, based on its risk-adjustedreturn, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.

Investment Objective & StrategyFrom investment's prospectus

The investment seeks total return and inflation protectionconsistent with investment in inflation-indexed securities.

Under normal market conditions, the fund invests atleast 80% of its assets in inflation-adjusted debt securities.It may invest up to 20% of its assets in traditional U.S.Treasury, U.S. government agency or other non-U.S.government securities that are not inflation-indexed.


In the past, this investment has shown a relatively smallrange of price fluctuations relative to other investments.Based on this measure, currently more than two-thirds of allinvestments have shown higher levels of risk. Consequently,this investment may appeal to investors looking for aconservative investment strategy.

Portfolio AnalysisComposition as of 12-31-12 %Net

U.S. Stocks 0.0Non-U.S. Stocks 0.0Bonds 99.3Cash 0.7Other 0.0

.............................................................................................-100 -50 0 50 100 Total 100.0

Morningstar Fixed Income Style Box ™ as of 12-31-12High

Med

Low

Ltd Mod Ext

Avg Eff Duration 6.49Avg Eff Maturity 9.26Avg Wtd Coupon 1.79Avg Wtd Price 122.09

Top 5 Holdings as of 12-31-12 % Assets

US Treasury Note 1.125% 01-15-21 6.08US Treasury Note 07-15-21 5.71US Treasury Bond 3.875% 04-15-29 4.67US Treasury Note 0.125% 01-15-22 4.64US Treasury Bond 2.375% 01-15-25 4.42

...........................................................................................................Total Number of Stock Holdings 0Total Number of Bond Holdings 137Annual Turnover Ratio % 26.00Total Fund Assets ($mil) 5,346.55

Credit Analysis: % Bonds as of 12-31-12

AAA 96 BB 0AA 1 B 0A 2 Below B 0BBB 1 Not Rated 0

Risk Measures as of 03-31-13 Port Avg Rel LB Aggr Rel Cat

3 Yr Std Dev 4.42 0.29 1.083 Yr Beta 1.25 . 1.243 Yr Alpha 1.20 . 0.74

Operations

Fund Inception Date 02-10-97Portfolio Manager Robert V. Gahagan

Management Company American Century Inv Mgt, Inc.Web Site ipro.americancentury.com/ipro/

Metropolitan West Total Return Bond I MWTIX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryIntermediate-Term Bond

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High AverageOut of 1004 Intermediate-Term Bond funds. An investment's overall Morningstar Rating, based on itsrisk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure fordetails.


The investment seeks to maximize long-term total return.The fund normally invests at least 80% of its net assets

in investment grade fixed income securities or unratedsecurities that are determined by the Adviser to be of similarquality. Up to 20% of its net assets may be invested insecurities rated below investment grade. Under normalconditions, the portfolio duration is two to eight years andthe dollar-weighted average maturity ranges from two tofifteen years. The fund invests in the U.S. and abroad,including emerging markets, and may purchase securities ofvarying maturities issued by domestic and foreigncorporations and governments.


In the past, this investment has shown a relatively smallrange of price fluctuations relative to other investments.Based on this measure, currently more than two-thirds of allinvestments have shown higher levels of risk. Consequently,this investment may appeal to investors looking for aconservative investment strategy.



Morningstar Fixed Income Style Box ™ as of 12-31-12

HighM

edLow

Ltd Mod Ext

Avg Eff Duration 4.16Avg Eff Maturity 6.73Avg Wtd Coupon 3.76Avg Wtd Price 98.90


US Treasury Note 0.75% 10-31-17 5.61US Treasury Note 0.75% 06-30-17 4.73US Treasury Note 1.625% 11-15-22 2.94US Treasury Bond 2.75% 08-15-42 1.82US Treasury Note 04-15-17 1.65


Credit Analysis: % Bonds as of 12-31-12

AAA 61 BB 4AA 6 B 2A 10 Below B 9BBB 7 Not Rated 0

Risk Measures as of 03-31-13 Port Avg Rel LB Aggr Rel Cat


Operations

Fund Inception Date 03-31-00Portfolio Manager Tad Rivelle

Management Company Metropolitan West AssetManagement, LLC.

Web Site www.mwamllc.com

43

Vanguard Wellington Inv VWELX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryModerate Allocation

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High AverageOut of 802 Moderate Allocation funds. An investment's overall Morningstar Rating, based on its risk-adjustedreturn, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks to provide long-term capitalappreciation and reasonable current income.

The fund invests 60% to 70% of its assets individend-paying and, to a lesser extent, non-dividend-payingcommon stocks of established large and mid-size companies.The advisor seeks those that appear to be undervalued buthave prospects for improvement. The remaining 30% to 40%of the assets are invested mainly in fixed income securitiesthat the advisor believes will generate a reasonable level ofcurrent income. These securities include investment-gradecorporate bonds, with some exposure to U.S. Treasury andgovernment agency bonds, and mortgage-backed securities.

Volatility AnalysisRisk: Average

In the past, this investment has shown a relatively moderaterange of price fluctuations relative to other investments. Thisinvestment may experience larger or smaller price declinesor price increases depending on market conditions. Some ofthis risk may be offset by owning other investments withdifferent portfolio makeups or investment strategies.



Morningstar Style Box™ as of 12-31-12 (EQ) ; 12-31-12 (F-I)Large

Mid

Small

Value Blend Growth

HighM

edLow

Ltd Mod Ext


Exxon Mobil Corporation 2.20Wells Fargo & Co 1.99Pfizer Inc 1.82JPMorgan Chase & Co 1.71US Treasury Note 0.25% 1.70


Morningstar Super Sectors as of 12-31-12 % Fund

Cyclical 28.44

Sensitive 41.63

Defensive 29.92

Risk Measures as of 03-31-13 Port Avg Rel S&P 500 Rel Cat

3 Yr Std Dev 9.70 0.65 0.923 Yr Beta 0.98 . 0.933 Yr Alpha 1.48 . -1.83

Operations

Fund Inception Date 07-01-29Portfolio Manager Edward P. Bousa

Management Company Wellington ManagementCompany, LLP

Web Site www.vanguard.com

Invesco Growth and Income Y ACGMX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryLarge Value

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average AverageOut of 1045 Large Value funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, isa weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks income and long-term growth ofcapital.

Under normal market conditions, Invesco Advisers, Inc.(the Adviser), the fund's investment adviser, seeks to achievethe fund's investment objective by investing primarily in aportfolio of income-producing equity securities (althoughinvestments are also made in non-convertible preferredstocks and debt securities). It focuses primarily on thesecurity's potential for income and capital growth. TheAdviser may invest to a larger degree in larger capitalization(or large cap) companies which it believes possesscharacteristics for improved valuation.





Morningstar Style Box™ as of 12-31-12 % Mkt Cap

LargeM

idSm

all

Value Blend Growth

Giant 45.01..........................................................Large 45.13Medium 9.86Small 0.00..........................................................Micro 0.00


JPMorgan Chase & Co 5.23General Electric Co 3.32Citigroup Inc 2.78Invesco Short Term Inv Liq Assets Instl 2.70Invesco Treasurer's Ser Tr Prem Instl 2.70



Cyclical 36.09

Sensitive 33.54

Defensive 30.36


3 Yr Std Dev 15.98 1.06 1.023 Yr Beta 1.05 . 1.033 Yr Alpha -2.79 . 1.67

Operations

Fund Inception Date 10-19-04Portfolio Manager Thomas Bastian

Management Company Invesco Advisers, IncWeb Site www.invesco.com

44

Fidelity Spartan 500 Index Inv FUSEX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryLarge Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average AverageOut of 1474 Large Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, isa weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks to provide investment results thatcorrespond to the total return performance of common stockspublicly traded in the United States.

The fund normally invests at least 80% of assets incommon stocks included in the S&P 500® Index, whichbroadly represents the performance of common stockspublicly traded in the United States. It lends securities toearn income.





Morningstar Style Box™ as of 02-28-13 % Mkt CapLarge

Mid

Small

Value Blend Growth



Apple Inc 3.00Exxon Mobil Corporation 2.95General Electric Co 1.76Chevron Corp 1.66Google, Inc. Class A 1.54



Cyclical 31.03

Sensitive 42.86

Defensive 26.11



Operations

Fund Inception Date 02-17-88Portfolio Manager Patrick Waddell

Management Company Fidelity Management & ResearchCompany

Web Site www.fidelity.com

JPMorgan US Equity Sel JUESX Release Date03-31-2013




The investment seeks to provide high total return from aportfolio of selected equity securities.

The fund invests at least 80% of assets in equitysecurities of U.S. companies. In implementing its strategy,the fund primarily invests in common stocks of large- andmedium-capitalization U.S. companies but it may also investup to 20% of its assets in common stocks of foreigncompanies, including depositary receipts.






LargeM

idSm

all

Value Blend Growth



Apple Inc 2.99Johnson & Johnson 2.37Wells Fargo & Co 2.37United Technologies Corp 2.33Google, Inc. Class A 2.30



Cyclical 33.28

Sensitive 42.23

Defensive 24.50



Operations

Fund Inception Date 09-07-01Portfolio Manager Thomas Luddy

Management Company J.P. Morgan InvestmentManagement Inc.

Web Site www.jpmorganfunds.com

45

TIAA-CREF Social Choice Eq Retire TRSCX Release Date03-31-2013




The investment seeks a favorable long-term total return thatreflects the investment performance of the overall U.S. stockmarket while giving special consideration to certain socialcriteria.

Under normal circumstances, the fund invests at least80% of its assets in equity securities. It attempts to track thereturn of the U.S. stock market as represented by itsbenchmark, the Russell 3000® Index, while investing only incompanies whose activities are consistent with the fund'ssocial criteria. Its investments are subject to certainenvironmental, social and governance ("ESG") criteria. Thefund may invest up to 15% of its assets in foreigninvestments.






Mid

Small

Value Blend Growth



International Business Machines Corp 1.77Procter & Gamble Co 1.69Johnson & Johnson 1.65Google, Inc. Class A 1.61Berkshire Hathaway Inc Class B 1.48



Cyclical 34.19

Sensitive 41.86

Defensive 23.96



Operations

Fund Inception Date 10-01-02Portfolio Manager Anne Sapp

Management Company Teachers Advisors, Inc.Web Site www.tiaa-cref.org

MainStay Large Cap Growth I MLAIX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryLarge Growth

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average AverageOut of 1482 Large Growth funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, isa weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks long-term growth of capital.The fund invests at least 80% of its assets (net assets

plus any borrowings for investment purposes) in largecapitalization companies, which are companies having amarket capitalization in excess of $4 billion at the time ofpurchase. The Subadvisor invests substantially all of thefund's investable assets in domestic securities. However, thefund is permitted to invest up to 20% of its net assets inforeign securities, which are generally securities issued bycompanies organized outside the U.S. and traded primarily inmarkets outside the U.S.

Volatility AnalysisRisk: Above Average

In the past, this investment has shown a wide range of pricefluctuations relative to other investments. This investmentmay experience significant price increases in favorablemarkets or undergo large price declines in adverse markets.Some of this risk may be offset by owning other investmentsthat follow different investment strategies.




LargeM

idSm

all

Value Blend Growth



Apple Inc 4.10Union Pacific Corp 3.91Visa, Inc. 3.68Danaher Corporation 3.16Monsanto Company 3.10



Cyclical 38.26

Sensitive 41.54

Defensive 20.21



Operations

Fund Inception Date 04-01-05Portfolio Manager R. Bartlett Wear

Management Company New York Life InvestmentManagement LLC

Web Site www.mainstayinvestments.com

46

RidgeWorth Mid-Cap Value Equity I SMVTX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryMid-Cap Value

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ High Above AverageOut of 362 Mid-Cap Value funds. An investment's overall Morningstar Rating, based on its risk-adjusted return,is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks to provide capital appreciation; currentincome is as a secondary objective.

The fund invests at least 80% of its net assets (plusany borrowings for investment purposes) in U.S.-tradedequity securities of mid-capitalization companies. Thesubadviser considers mid-capitalization companies to becompanies with market capitalizations similar to those ofcompanies in the Russell Midcap® Value Index.






Mid

Small

Value Blend Growth



Cigna Corp 3.29Johnson Controls Inc 3.02Joy Global, Inc. 2.80Cabot Corporation 2.72QEP Resources Inc 2.58



Cyclical 40.58

Sensitive 43.11

Defensive 16.30



Operations

Fund Inception Date 11-30-01Portfolio Manager Don Wordell

Management Company RidgeWorth InvestmentsWeb Site www.ridgeworth.com

ASTON/Fairpointe Mid Cap I ABMIX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryMid-Cap Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQ Above Average Above AverageOut of 348 Mid-Cap Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return,is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks long-term total return through capitalappreciation.

Under normal conditions, the fund invests at least 80%of its assets in mid-cap stocks of companies with animproving revenue and earnings growth outlook. It defines amid-cap company as one having a market capitalization ofbetween $1 and $12 billion at the time of acquisition. Theportfolio managers select approximately 40 - 50 stocks basedon bottom-up fundamental analysis. The fund may invest insmall-cap stocks, convertible securities, and foreignsecurities (directly and through depositary receipts).






LargeM

idSm

all

Value Blend Growth



Boston Scientific, Inc. 3.81H&R Block Inc 3.49Gannett Co Inc 3.34DeVry, Inc. 3.27Itron Inc. 3.27



Cyclical 36.61

Sensitive 42.28

Defensive 21.12



Operations

Fund Inception Date 07-06-04Portfolio Manager Thyra E. Zerhusen

Management Company Aston Asset Management, LPWeb Site www.astonfunds.com

47

Vanguard Mid Cap Index Signal VMISX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryMid-Cap Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQ Average AverageOut of 348 Mid-Cap Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return,is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks to track the performance of abenchmark index that measures the investment return ofmid-capitalization stocks.

The fund employs an indexing investment approachdesigned to track the performance of the CRSP US Mid CapIndex, a broadly diversified index of stocks of mid-size U.S.companies. The fund attempts to replicate the target indexby investing all, or substantially all, of its assets in the stocksthat make up the index, holding each stock in approximatelythe same proportion as its weighting in the index.






Mid

Small

Value Blend Growth



CF Industries Holdings Inc 0.52Mattel, Inc. 0.51Pioneer Natural Resources Company 0.51Delphi Automotive PLC 0.48Cerner Corporation 0.46



Cyclical 39.47

Sensitive 38.85

Defensive 21.69



Operations

Fund Inception Date 03-30-07Portfolio Manager Donald M. Butler

Management Company Vanguard Group, Inc.Web Site www.vanguard.com

Prudential Jennison Mid Cap Growth Z PEGZX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryMid-Cap Growth

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ Above Average Below AverageOut of 645 Mid-Cap Growth funds. An investment's overall Morningstar Rating, based on its risk-adjusted return,is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks long-term capital appreciation.The fund normally invests at least 80% of its investable

assets in equity and equity-related securities ofmedium-sized companies with the potential forabove-average growth. In deciding which equities to buy, ituses what is known as a growth investment style. The fund'sinvestable assets will be less than its total assets to theextent that it has borrowed money for non-investmentpurposes, such as to meet anticipated redemptions.






LargeM

idSm

all

Value Blend Growth



Prudential Core Invt 12-31-49 3.24Crown Castle International Corp 2.41Ametek, Inc. 2.18DaVita HealthCare Partners Inc 2.08VeriSign, Inc. 1.99



Cyclical 24.78

Sensitive 53.15

Defensive 22.08



Operations

Fund Inception Date 12-31-96Portfolio Manager John Mullman

Management Company Prudential Investments LLCWeb Site www.prudentialfunds.com

48

Franklin Small Cap Value A FRVLX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategorySmall Value

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQ Average AverageOut of 286 Small Value funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is aweighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks long-term total return.The fund normally invests at least 80% of its net assets

in investments of small-capitalization (small-cap) companies.Small-cap companies are companies with marketcapitalizations (the total market value of a company'soutstanding stock) under $3.5 billion at the time of purchase.It generally invests in equity securities that the fund'sinvestment manager believes are undervalued and have thepotential for capital appreciation. The fund invests primarilyin common stocks. It may invest up to 25% of its total assetsin foreign securities.






Mid

Small

Value Blend Growth



Protective Life Corp 2.31Thor Industries, Inc. 2.28Group 1 Automotive Inc 2.02Reliance Steel and Aluminum 2.01Trinity Industries, Inc. 2.01



Cyclical 45.71

Sensitive 48.59

Defensive 5.70



Operations

Fund Inception Date 03-11-96Portfolio Manager William J. Lippman

Management Company Franklin Advisory Services, LLCWeb Site www.franklintempleton.com

Vanguard Small Cap Index Signal VSISX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategorySmall Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average Above AverageOut of 604 Small Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is aweighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks to track the performance of abenchmark index that measures the investment return ofsmall-capitalization stocks.

The fund employs an indexing investment approachdesigned to track the performance of the CRSP US Small CapIndex, a broadly diversified index of stocks of small U.S.companies. The fund attempts to replicate the target indexby investing all, or substantially all, of its assets in the stocksthat make up the index, holding each stock in approximatelythe same proportion as its weighting in the index.






LargeM

idSm

all

Value Blend Growth



CMT Market Liquidity Rate 0.56Apartment Investment & Management 0.24Mednax, Inc. 0.24NCR Corporation 0.24American Capital Ltd 0.23



Cyclical 42.13

Sensitive 40.34

Defensive 17.53



Operations

Fund Inception Date 12-15-06Portfolio Manager Michael H. Buek

Management Company Vanguard Group, Inc.Web Site www.vanguard.com

49

Prudential Jennison Small Company Z PSCZX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategorySmall Growth

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average AverageOut of 645 Small Growth funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, isa weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks capital growth.The fund normally invests at least 80% of investable

assets in equity and equity-related securities of small, lesswell-known companies that the investment subadviserbelieves are relatively undervalued. In deciding which stocksto buy, it uses a blend of both value and growth styles. Theinvestment subadviser currently considers small companiesto be those with a market capitalization less than the largestmarket capitalization of the Russell 2500 Index at the time ofinvestment.






Mid

Small

Value Blend Growth



Prudential Core Invt 12-31-49 3.90Air Methods Corp. 2.25Rosetta Resources, Inc. 1.78White Mountains Insurance Group Ltd. 1.75Universal Health Services, Inc. Class B 1.59



Cyclical 39.28

Sensitive 45.30

Defensive 15.40



Operations

Fund Inception Date 03-01-96Portfolio Manager John Mullman

Management Company Prudential Investments LLCWeb Site www.prudentialfunds.com

American Funds New Perspective R5 RNPFX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryWorld Stock

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ Above Average Below AverageOut of 743 World Stock funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is aweighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks long-term growth of capital; futureincome is a secondary objective.

The fund seeks to take advantage of investmentopportunities generated by changes in international tradepatterns and economic and political relationships byinvesting in common stocks of companies located around theworld. In pursuing its primary investment objective, it investsprimarily in common stocks that the investment adviserbelieves have the potential for growth. In pursuing itssecondary objective, the fund invests in common stocks ofcompanies with the potential to pay dividends in the future.






LargeM

idSm

all

Value Blend Growth



Novo Nordisk A/S 4.98Amazon.com Inc 2.35Google, Inc. Class A 1.71Home Depot, Inc. 1.67Naspers Ltd 1.42


Morningstar Super World Regions as of 12-31-12 % Fund

Americas 46.92Greater Europe 40.10Greater Asia 12.98



Operations

Fund Inception Date 05-15-02Portfolio Manager Gregg E. Ireland

Management Company Capital Research andManagement Company

Web Site www.americanfunds.com

50

Dodge & Cox International Stock DODFX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryForeign Large Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQ Above Average HighOut of 708 Foreign Large Blend funds. An investment's overall Morningstar Rating, based on its risk-adjustedreturn, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks long-term growth of principal andincome.

The fund invests primarily in a diversified portfolio ofequity securities issued by non-U.S. companies from at leastthree different countries, including emerging markets. Itnormally invests at least 80% of its total assets in commonstocks, preferred stocks, securities convertible into commonstocks, and securities that carry the right to buy commonstocks of non-U.S. companies. The fund invests primarily inmedium-to-large well established companies based onstandards of the applicable market.






Mid

Small

Value Blend Growth



Naspers Ltd 3.99Sanofi 3.72Roche Holding AG 3.64Lafarge SA 3.37Koninklijke Philips Electronics NV 2.95






Operations

Fund Inception Date 05-01-01Portfolio Manager Diana Strandberg

Management Company Dodge & CoxWeb Site www.dodgeandcox.com

American Funds EuroPacific Gr R5 RERFX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryForeign Large Blend

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ Above Average Below AverageOut of 708 Foreign Large Blend funds. An investment's overall Morningstar Rating, based on its risk-adjustedreturn, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.


The investment seeks long-term growth of capital.The fund invests primarily in common stocks of issuers

in Europe and the Pacific Basin that the investment adviserbelieves have the potential for growth. Growth stocks arestocks that the investment adviser believes have thepotential for above-average capital appreciation. It normallyinvests at least 80% of net assets in securities of issuers inEurope and the Pacific Basin. The fund may invest a portionof its assets in common stocks and other securities ofcompanies in countries with developing economies and/ormarkets.






LargeM

idSm

all

Value Blend Growth



Novo Nordisk A/S 3.74Samsung Electronics Co Ltd 2.79Novartis AG 2.01SOFTBANK Corp 2.00Bayer AG 1.76






Operations

Fund Inception Date 05-15-02Portfolio Manager Stephen E. Bepler

Management Company Capital Research andManagement Company

Web Site www.americanfunds.com

51

Oppenheimer Developing Markets Y ODVYX Release Date03-31-2013

....................................................................................................................................................................................................................................................................................................................................................Morningstar CategoryDiversified Emerging Mkts

Overall Morningstar Rating™ Morningstar Return Morningstar RiskQQQQQ High Below AverageOut of 356 Diversified Emerging Mkts funds. An investment's overall Morningstar Rating, based on itsrisk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure fordetails.


The investment seeks capital appreciation aggressively.The fund mainly invests in common stocks of issuers in

developing and emerging markets throughout the world andat times it may invest up to 100% of its total assets inforeign securities. Under normal market conditions, it willinvest at least 80% of its net assets, plus borrowings forinvestment purposes, in equity securities of issuers whoseprincipal activities are in a developing market, i.e. are in adeveloping market or are economically tied to a developingmarket country. The fund will invest in at least threedeveloping markets.






Mid

Small

Value Blend Growth



Oppenheimer Institutional Money Market E 6.25Baidu, Inc. ADR 3.65America Movil, S.A.B. de C.V. ADR 2.74NHN Corporation 2.18Anglo American PLC 2.06






Operations

Fund Inception Date 09-07-05Portfolio Manager Justin Leverenz

Management Company OFI Global Asset ManagementWeb Site www.oppenheimerfunds.com

52

A redemption fee may apply to short-term investments. TheStandard charges fees in addition to those charged by theFund.

Investments are subject to market risks and fluctuate invalue. Past performance is no guarantee of future results.

Plan sponsors and participants should carefullyconsider the investment objectives, risks, charges andexpenses of the investment options offered under theretirement plan before investing. The prospectuses forthe individual mutual funds contain this and otherimportant information. Prospectuses may be obtainedby calling 877.805.1127. Please read the prospectuscarefully before investing.

NOT A DEPOSIT – NOT FDIC INSURED – NOT INSURED BYANY FEDERAL GOVERNMENT AGENCY – NOTGUARANTEED BY THE INSTITUTION – MAY GO DOWN INVALUE

Morningstar Rating™Often simply called the Star Rating, the Morningstar Ratingbrings load-adjustments, performance (returns) and risktogether into one evaluation. To determine a fund’s starrating for a given time period (three, five, or 10 years), thefund's risk-adjusted return is plotted on a bell curve: If thefund scores in the top 10% of its category, it receives 5 stars(Highest); if it falls in the next 22.5% it receives 4 stars(Above Average); a place in the middle 35% earns 3 stars(Average); those lower still, in the next 22.5%, receive 2stars (Below Average); and the bottom 10% get only 1 star(Lowest). The Overall Morningstar Rating is a weightedaverage of the available three-, five-, and 10-year ratings.

Morningstar ReturnThis statistic is a measurement of a fund’s excess return overa risk-free rate (the return of the 90-day Treasury bill), afteradjusting for all applicable loads and sales charges. In eachMorningstar Category, the top 10% of funds earn a HighMorningstar Return, the next 22.5% Above Average, themiddle 35% Average, the next 22.5% Below Average, andthe bottom 10% Low. Morningstar Return is measured for upto three time periods (three-, five-, and 10-years). Theseseparate measures are then weighted and averaged toproduce an overall measure for the fund. Funds with lessthan three years of performance history are not rated.

Morningstar RiskThis statistic evaluates the variations in a fund’s monthlyreturns, with an emphasis on downside variations. In eachMorningstar Category, the 10% of funds with the lowestmeasured risk are described as Low Risk, the next 22.5%Below Average, the middle 35% Average, the next 22.5%Above Average, and the top 10% High. Morningstar Risk ismeasured for up to three time periods (three-, five-, and10-years). These separate measures are then weighted andaveraged to produce an overall measure for the fund. Fundswith less than three years of performance history are notrated.

Risk MeasuresR-squared reflects the percentage of a fund’s movementsthat are explained by movements in its benchmark index,

showing the degree of correlation between the fund and thebenchmark.

Beta is a measure of a fund’s sensitivity to marketmovements. A portfolio with a beta greater than 1 is morevolatile than the market, and a portfolio with a beta less than1 is less volatile than the market.

Alpha measures the difference between a fund’s actualreturns and its expected performance, given its level of risk(as measured by beta).

Sharpe ratio uses standard deviation and excess return todetermine reward per unit of risk.

Standard deviation is a statistical measure of the volatility ofthe fund’s returns.

Morningstar Style Box™The Morningstar Style Box reveals a fund’s investmentstrategy. For equity funds and fixed-income fundsrespectively, the vertical axis shows the marketcapitalization of the stocks owned or the average creditquality of the bonds owned. The horizontal axis showsinvestment style (value, blend, or growth) or interest ratesensitivity as measured by a bond’s duration (short,intermediate or long). Duration is a measure of interest-ratesensitivity-the longer a fund’s duration, the more sensitivethe fund is to shifts in interest rates.

Investment RiskForeign Securities Funds/Emerging Markets Funds: Fundsthat invest in foreign securities involve special additionalrisks. These risks include, but are not limited to, currencyrisk, political risk, and risk associated with varyingaccounting standards. Investing in emerging markets mayaccentuate these risks.

Sector Funds: Funds that invest exclusively in one sector orindustry involve additional risks. The lack of industrydiversification subjects the investor to increasedindustry-specific risks.

Non-Diversified Funds: Funds that invest more of their assetsin a single issuer involve additional risks, including shareprice fluctuations, because of the increased concentration ofinvestments.

Small Cap Funds: Funds that invest in stocks of smallcompanies involve additional risks. Smaller companiestypically have a higher risk of failure, and are not as wellestablished as larger blue-chip companies. Historically,smaller-company stocks have experienced a greater degreeof market volatility than the overall market average.

Mid Cap Funds: Funds that invest in companies with marketcapitalizations below $10 billion involve additional risks. Thesecurities of these companies may be more volatile and lessliquid than the securities of larger companies.

High-Yield Bond Funds: Funds that invest in lower-rated debtsecurities (commonly referred to as junk bonds) involveadditional risks because of the lower credit quality of the

securities in the portfolio. The investor should be aware ofthe possible higher level of volatility, and increased risk ofdefault. The investor should also be aware that as interestrates rise, bond prices will fall.

Funds that invest in Derivatives: Funds that invest inderivatives are subject to a number of risks, such as liquidityrisk, interest rate risk, market risk, credit risk, andmanagement risk. A Fund investing in a derivative instrumentcould lose more than the principal amount invested, asstated in the Fund's prospectus.

Real Estate Funds: Real estate investment funds are subjectto risks, such as market forces, that may affect the values oftheir underlying real estate assets.

Important Disclosures

©2009 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers;(2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arisingfrom any use of information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com.

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Plan sponsors and participants should carefully consider the investment objectives, risks, charges and expenses of the investment options offered under the retirement plan before investing. The prospectuses for the individual mutual funds and each available investment option in the group annuity contain this and other important information. Prospectuses may be obtained by calling 877.805.1127. Please read the prospectus carefully before investing. Investments are subject to market risk and fl uctuate in value.

The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries. StanCorp Equities, Inc., member FINRA, distributes group annuity contracts issued by Standard Insurance Company and may provide other brokerage services. Third-party administrative services are provided by Standard Retirement Services, Inc. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc. are subsidiaries of StanCorp Financial Group, Inc. and all are Oregon corporations.

Retirement Account Information and Management Tools

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800.858.5420between 5 a.m. and 5 p.m. Pacifi c time, 8 a.m and 8 p.m. Eastern

WEBSITE

www.standard.com/retirement

Messiah CollegeOne College AvenueSuite 3015Mechanicsburg, PA 17055

Standard Retirement Services, Inc.1100 SW Sixth AvenuePortland, OR 97204800.858.5420

www.standard.com/retirement

807945 (08/07/2013)

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