Required Disclosure Information Qualcomm … QDIA - Fee...Required Disclosure Information Qualcomm Incorporated Employee Savings and Retirement Plan Qualified Default Investment Alternative

Required Disclosure Information

Qualcomm IncorporatedEmployee Savings andRetirement PlanQualified Default Investment Alternative Notice

Participant Disclosure Notice

IMPORTANT PLAN AND INVESTMENT-RELATED INFORMATION

Produced on September 15, 2015.

The Plan Administrator has directed Fidelity Investments® ("Fidelity"), a Planservice provider, to collect, consolidate, and provide you with this RequiredDisclosure Information, which consists of separate and distinct regulatory noticeslisted below.

Inside, you will find the following:

● Qualified Default Investment Alternative Notice

● Participant Disclosure Notice

Please review these materials carefully. Please keep this information in mindwhen managing or monitoring any account you may have in the Plan. Formore information about participating in the Plan, or if you already have anaccount with Fidelity in the Qualcomm Incorporated Employee Savings andRetirement Plan and would like to make any changes, log onto www.401k.com.

Note: If this is your first time logging on to www.401k.com, you will need toregister and set up a username and password to access your account. If youalready have a username and password for a Fidelity site (includingNetBenefits® from a previous employer), you do not need to register again.

What's InsideQUALIFIED DEFAULT INVESTMENT ALTERNATIVE NOTICE A1

● Learn where your money will be invested if you do not provideinvestment direction, including

● Objective, strategy and risk information about the Plan'sdesignated default investment option

● Fee and expense information

PARTICIPANT DISCLOSURE NOTICE B1

SECTION 1:

Helping You Manage Your Plan Account● Accessing your Plan account statement● Your communication preferences

SECTION 2:

Certain Plan Information for You to Review● Understand the right to direct investments in the Plan● Learn about restrictions applicable under the Plan● Review the types of Plan administrative and individual fees and

expenses that may be deducted from your account

SECTION 3:

Evaluating the Plan’s Investment Options● Review information about the Plan’s investment options, including

historical or stated rates of return, fees and expenses, and restrictionsacross the available investment options

Qualified Default Investment Alternative Notice

Qualified Default Investment Alternative NoticeThis notice is to inform you that any contributions for which you have the right to provideinvestment direction, but have not done so, will be invested in the Plan’s designateddefault investment option, unless and until you direct otherwise. Provided below is adescription of the Plan’s designated default investment option(s), as well as applicable feeinformation.

You have the right to direct the investment of your existing balances, which includecontributions and any earnings on those contributions, and your future contributions, toany of the Plan’s available investment options. If your contributions are invested in thedesignated default investment option, you have the right to transfer out of the designateddefault investment option to another investment option.

To obtain information about your Plan, including your contribution percentage, yourcurrent investment options and information (including objective, strategy, risk,performance and expense information) on other Plan investment options available to you,please log on to NetBenefits® at www.401k.com or call 800-835-5097 to speak to arepresentative. If you are a rehire, you should contact Fidelity to confirm if you already haveinvestment direction on file.

Before investing in any investment option, consider the investmentobjectives, risks, charges, and expenses. Contact Fidelity for a prospectusor, if available, a summary prospectus containing this information. Read itcarefully.

In the event of a discrepancy between this notice and the terms of the Plan, the Plandocument will govern.

A mutual fund expense ratio is the total annual fund or class operating expenses (beforewaivers or reimbursements) paid by the fund and stated as a percentage of the fund’s totalnet assets. For other types of investments, the figure in the expense ratio field reflectssimilar information, but may have been calculated differently than for mutual funds. Mutualfund data comes from the fund’s prospectus. For non-mutual fund investment options, theinformation has been provided by the Plan sponsor, the investment option’s manager orthe trustee. When no ratio is shown for these options, it is because none was available.There may be fees and expenses associated with the investment option. Expenseinformation changes periodically. Please consult NetBenefits for updates.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield,RI 02917

© 2015 FMR LLC. All rights reserved

701066.2.0

A1 A2

Participant Disclosure Notice

Participant Disclosure NoticeSECTION 1:

Helping You Manage Your Plan AccountThis Participant Disclosure Notice (the "Notice") includes important Plan and investment-related information. Additional tools and other resources are available through your Plan'sWeb site. Your workplace savings plan is an important benefit, and you'll want to monitoryour account periodically to help keep your savings plan on track.

Accessing Your Plan Account StatementIf you have a Plan account, one way to monitor your retirement savings is to periodicallyreview your account statement. Your statement will also display any Plan administrative orindividual fees described in this Notice that have been deducted from your Plan account.Remember, on www.401k.com, you may do the following:

● Access your online Fidelity statement, which is continuously available, by logging on tothe Web site, selecting your Plan name, and clicking Online Statement in the View menuon your Plan's summary page.

● Print your Fidelity statement. Keep in mind that you may obtain a paper version (free ofcharge) by calling your Plan's toll-free number.

● Change the way Fidelity statements are delivered to you by logging on to your account

and visiting Mail Preferences.

For additional assistance, log on to www.401k.com or call 800-835-5097.

Your Communication PreferencesPrefer Email? If you are receiving this Notice in print and would like to receive itelectronically, help us to serve you better by providing Fidelity with your email address.Simply visit www.401k.com and access the Your Profile link at the top of the page.From there, select the Email Settings link to provide your email address and the MailPreferences link to provide consent for Required Disclosures.

Visit www.401k.com for information and resources to help you make informedinvestment decisions, including more detailed information on the Plan’s investmentoptions.

B1 B2

SECTION 2:

Certain Plan Information for You to ReviewThis Participant Disclosure Notice provides certain information about your Plan. Your rightsunder the Plan are subject to the terms of the Plan. Please refer to your Plan's SummaryPlan Description.

Right to Direct InvestmentsYou have the right to direct your account balance and any future contributions among thePlan's investment options, subject to any restrictions summarized below. To access yourPlan account with Fidelity, make any changes to your investment options, direct any futurecontributions, or seek additional information, log on to www.401k.com orcall 800-835-5097.

Investment OptionsThe Plan offers a choice of investment options that allow you to create a diversifiedportfolio to help you meet your individual needs. The Plan’s investment options, along withcertain information about each of them, are listed in Section 3 of this Notice.

Fidelity BrokerageLink®

The Plan also provides access to Fidelity BrokerageLink®, which allows you to choose frominvestments beyond those options offered by the Plan. The Plan's fiduciaries do notmonitor the investments available in BrokerageLink. This feature is intended for those whoare comfortable managing a portfolio of expanded investment choices.

To utilize this feature, you must first open a separate brokerage account within the Plan. Toopen an account or if you have any questions about Fidelity BrokerageLink, please log onto www.401k.com or call 800-835-5097. Once you have opened an account, you mayaccess, monitor, or change investments in BrokerageLink by contacting Fidelity.

Any Plan-imposed restrictions related to BrokerageLink will be specified in the Restrictionssection of this Notice; any individual administration fees associated with BrokerageLink arereflected in the Individual Fees section of this Notice. When you access BrokerageLink,there is additional information regarding available investment choices, which you shouldread before making any investment decisions. If purchasing a mutual fund throughBrokerageLink, mutual fund minimums generally still apply. Prior to initiating a trade inBrokerageLink, you should review any fees associated with your transaction; please refer tothe Appendix at the end of this Notice for brokerage fees.

RestrictionsThere may be certain restrictions on how investment directions may be made in the Plan,summarized as follows:● Investment elections for Fidelity BrokerageLink® may not exceed 95%.● The initial exchange into BrokerageLink requires a $2,500 minimum.● Additional exchanges into Brokeragelink require a $1,000 minimum.● Exchanges into BrokerageLink are not allowed if the exchange will result in more

than 95% of the total market value of your account being invested in BrokerageLink.

Any frequent trading restrictions imposed by the Plan and/or by the Plan’s investment

options are listed in Section 3 of this Notice. Keep in mind that restrictions are subjectto change.

Exercising Voting, Tender, and Similar RightsYou have the right to exercise voting, tender, and similar rights related to the followinginvestments you may have in your Plan account. You will receive information regardingsuch rights and how to exercise them at the time of a vote, tender, or other event.● Mutual Funds

Fees and ExpensesIf you have an account in the Plan, it may be subject to the following types of feesand expenses:● Asset-based fees● Plan administrative fees and expenses● Individual fees and expenses

Asset-Based FeesAsset-based fees reflect an investment option's total annual operating expenses andinclude management and other fees. They are often the largest component ofretirement plan costs and are paid by all shareholders of the investment option.Typically, asset-based fees are reflected as a percentage of assets invested in the optionand often are referred to as an "expense ratio." You may multiply the expense ratio byyour balance in the investment option to estimate the annual expenses associated withyour holdings. Refer to Section 3 of this Notice for information about the Plan'sinvestment options, including their expense ratios (where applicable).

Asset-based fees are deducted from an investment option's assets, thereby reducing itsinvestment return. Fee levels can vary widely among investment options, depending inpart on the type of investment option, its management (including whether it is active orpassive), and the risks and complexities of the option's strategy. In some instances, aplan's administrative services may be paid for through offsets and/or paymentsassociated with a plan's investment options.

Plan Administrative Fees and ExpensesPlan administrative fees may include recordkeeping, legal, accounting, trustee, andother administrative fees and expenses associated with maintaining the Plan. Someplans may deduct these fees and expenses from individual accounts in the Plan.

Based on the information and direction Fidelity had on file at the time this Notice wasprepared, no Plan administrative fees will be deducted from accounts in the Plan.However, the Plan's administrative services may be paid for through offsets and/orpayments associated with one or more of the Plan’s investment options. Please keep inmind that fees are subject to change.

If any Plan administrative fees are deducted directly from your account, they willbe reflected on your Plan account statement.

Individual Fees and ExpensesIndividual fees and expenses include those associated with a service or transaction youmay select, or an investment option you hold in your account. In some instances, theymay be deducted from the accounts of those individuals who utilize the service or

B3 B4

engage in the transaction.

If you have an account in the Plan, and you select or execute the following service(s) ortransaction(s), the fee(s) outlined below may be deducted from your account based onthe information and direction Fidelity had on file at the time this Notice was prepared.As you review this information, please keep in mind that fees are subject to change andthat certain individual fees may not be deducted in some circumstances.

Type of Individual Fee Amount

Loan Setup Fee $35.00 per loan

Loan Maintenance Fee $15.00 per year per loan deductedmonthly

Overnight Mailing Fee $25.00 per transaction

Also, please note that you may incur short-term redemption fees, commissions, andsimilar expenses in connection with transactions associated with your Plan’s investmentoptions. Please see Section 3 for details regarding the specific fees that may apply tothe investment options available under the Plan.

If any individual fees are deducted directly from your account, they will bereflected on your Plan account statement.

B5 B6

SecTioN 3:

Evaluating the Plan’s Investment Options This section provides information about the investment options in the Plan and reflects datarecordkept as of September 15, 2015, except for performance data, which is as ofDecember 31 of the prior year. Additional information about the Plan’s investment options,including a glossary of investment terms to help you better understand the Plan’sinvestment options, is available online at https://netbenefits.fidelity.com/NBLogin/?option=dcPlandetails. To request additionalinvestment-related information or a paper copy of certain information available online, freeof charge, contact a Fidelity representative at Fidelity Investments, P.O. Box # 770003,Cincinnati, OH 45277-0065 or call 800-835-5097.

As you review this information, you may want to think about whether an investment in aparticular option, along with your other investments, will help you achieve your financialgoals. Keep in mind that the cumulative effect of fees and expenses can substantiallyreduce the growth of your retirement savings, but is only one of many factors to considerwhen you decide to invest in an option. Visit the Department of Labor’s Web site at http://www.dol.gov/ebsa/publications/401k_employee.html for an example of the long-termeffect of fees and expenses.

Variable Return InvestmentsThe chart below lists the Plan’s investment options that do not have a fixed or stated rate ofreturn, and underneath each investment option is an applicable benchmark(s) for thatoption. A benchmark is a standard against which the performance of a security, mutualfund, or investment manager can be measured. This Notice requires that a broad-basedmarket index be listed on the chart for each investment option. Additional benchmarks foran investment option may be available online at https://netbenefits.fidelity.com/NBLogin/?option=dcPlandetails along with benchmarkindex definitions. Please note that the benchmark to measure and monitor performancemay be different from the benchmark displayed in the chart. Keep in mind that you cannotinvest in a benchmark index.

Understanding investment performance: As you review the following information,please remember that the performance data stated represents past performance,which does not guarantee future results. Investment return and principal value of aninvestment will fluctuate; therefore, you may have a gain or loss when you sell yourshares. Current performance may be higher or lower than the performance stated andis available at www.401k.com.

Investment Name

1 Year 5 Year10 Year (if less, Inception

Date

Fees and Expenses

Trading Restrictions

Other Restrictions

Annual Gross Expense Ratio

Shareholder Fees

As a % Per $1,000since Inception*)

Average Annual Total Return

Benchmark(s)Excessive ^ as of 12/31/2014

Asset Class: Stocks

American Beacon Small Cap ValueFund Class Institutional

Russell 2000 Value

4.70%

4.22%

15.65%

14.26%

8.03%

6.89%

12/31/1998 0.810% $8.10 Yes§ N/A

American Funds Capital WorldGrowth and Income Fund® ClassR-6

MSCI AC World (N)

4.36%

4.16%

9.41%

9.17%

7.76%

6.09%

03/26/1993 0.440% $4.40 Yes§ N/A

American Funds EuroPacificGrowth Fund® Class R-6

MSCI AC Wld ex US (N)

-2.29%

-3.87%

6.05%

4.43%

6.92%

5.13%

04/16/1984 0.490% $4.90 Yes§ N/A

B7 B8

Investment Name


Date

Fees and Expenses


Other Restrictions


Shareholder Fees




Asset Class: Stocks (cont'd)

DFA Emerging Markets ValuePortfolio Institutional Class

MSCI Emerging Markets (N)

-4.42%

-2.19%

-0.07%

1.78%

8.77%

8.43%

04/01/1998 0.650% $6.50 Yes§ N/A

Fidelity® Contrafund® - Class K

S&P 500

9.68%

13.69%

14.95%

15.45%

9.76%

7.67%

05/17/1967 0.540% $5.40 Yes§ N/A

Fidelity® Low-Priced Stock Fund -Class K

Russell 2000

7.75%

4.89%

15.76%

15.55%

9.34%

7.77%

12/27/1989 0.720% $7.20 Short term trading fees of1.5% for shares held less than90 days

Yes§ N/A

Fidelity® OTC Portfolio - Class K

NASDAQ Composite

16.62%

14.75%

18.00%

17.19%

11.71%

9.15%

12/31/1984 0.650% $6.50 Yes§ N/A

Vanguard Explorer Fund AdmiralShares

Russell 2500 Growth

4.08%

7.05%

16.78%

17.27%

8.40%

9.37%

12/11/1967 0.360% $3.60 Yes§ N/A

Vanguard Institutional Index FundInstitutional Plus Shares

S&P 500

13.68%

13.69%

15.45%

15.45%

7.70%

7.67%

07/31/1990 0.020% $0.20 Yes§ N/A

Vanguard Mid-Cap Index FundInstitutional Plus Shares

CRSP US Mid Cap Index

13.79%

13.83%

17.08%

--

9.52%

--

05/21/1998 0.060% $0.60 Yes§ N/A

Vanguard Windsor™ II FundAdmiral™ Shares

Russell 1000 Value

11.26%

13.45%

14.10%

15.42%

7.30%

7.30%

06/24/1985 0.280% $2.80 Yes§ N/A

Asset Class: Blended Funds

Vanguard Target Retirement 2015Trust Plus

MSCI US Broad Mkt (G)

Vanguard Retirement 2015Composite Index

6.67%

12.66%

6.77%

N/A

N/A

N/A

9.63%*

19.66%*

--

08/15/2011 0.060% $0.60 N/A N/A

B9 B10

Investment Name


Date

Fees and Expenses


Other Restrictions


Shareholder Fees




Asset Class: Blended Funds (cont'd)




7.24%

12.66%

7.37%

N/A

N/A

N/A

10.87%*

19.66%*

--

08/15/2011 0.060% $0.60 N/A N/A




7.27%

12.66%

7.45%

N/A

N/A

N/A

11.74%*

19.66%*

--

08/15/2011 0.060% $0.60 N/A N/A




7.27%

12.66%

7.51%

N/A

N/A

N/A

12.64%*

19.66%*

--

08/15/2011 0.060% $0.60 N/A N/A




7.30%

12.66%

7.57%

N/A

N/A

N/A

13.50%*

19.66%*

--

08/15/2011 0.060% $0.60 N/A N/A




7.30%

12.66%

7.61%

N/A

N/A

N/A

14.01%*

19.66%*

--

08/15/2011 0.060% $0.60 N/A N/A




7.30%

12.66%

7.61%

N/A

N/A

N/A

14.02%*

19.66%*

--

08/15/2011 0.060% $0.60 N/A N/A

B11 B12

Investment Name


Date

Fees and Expenses


Other Restrictions


Shareholder Fees




Asset Class: Blended Funds (cont'd)




7.32%

12.66%

7.61%

N/A

N/A

N/A

14.05%*

19.66%*

--

08/15/2011 0.060% $0.60 N/A N/A




7.32%

12.66%

7.61%

N/A

N/A

N/A

15.11%*

20.28%*

--

11/30/2011 0.060% $0.60 N/A N/A




7.33%

12.66%

7.61%

N/A

N/A

N/A

12.83%*

17.47%*

--

03/23/2012 0.060% $0.60 N/A N/A

Vanguard Target RetirementIncome Trust Plus

Barclays U.S. Agg Bond

Vanguard Retirement IncomeComposite Index

5.72%

5.97%

5.76%

N/A

N/A

N/A

6.39%*

2.94%*

--

08/15/2011 0.060% $0.60 N/A N/A

Asset Class: Bonds

Fidelity® Government Income Fund

Barclays Government Bond

5.43%

4.92%

3.64%

3.70%

4.41%

4.29%

04/04/1979 0.450% $4.50 Yes§ N/A

PIMCO Total Return FundInstitutional Class

Barclays U.S. Agg Bond

4.69%

5.97%

5.14%

4.45%

5.99%

4.71%

05/11/1987 0.460% $4.60 Yes§ N/A

B13 B14

Investment Name


Date

Fees and Expenses


Other Restrictions


Shareholder Fees




Asset Class: Short-term

Fidelity® Institutional MoneyMarket - Money Market Portfolio -Class I†

7-Day Yield % as of 12/31/2014: 0.07

7-Day Restated Yield as of12/31/2014: 0.04

CG 3-Month Treasury Bill

0.05%

0.03%

0.14%

0.07%

1.78%

1.46%

07/05/1985 0.210% $2.10 N/A N/A

N/A = Not Applicable/None -- = Not Available

^ Some outside investment and vendor information may not be available to Fidelity. When "N/A"does not appear and no shareholder fee is shown, it is due to the fact that our recordkeepingsystem does not have a shareholder fee(s) on file. Nevertheless, there may be shareholder feesassociated with the investment option. If a shareholder fee is shown, please keep in mind theremay be other fees associated with the investment that our recordkeeping system does not have onfile. More information may be found in the prospectus and/or other investment-relatedinformation, as well as by contacting the outside investment manager or vendor directly.

Investment Restrictions§ Excessive trading in this investment option and/or other investment options subject to suchrestrictions will result in the limitation or prohibition of additional purchases (other thancontributions and loan repayments) for 85 calendar days; additional excessive trading will result ina limitation of one exchange day per calendar quarter for a 12-month period.

Additional Investment Information* Performance provided is Life of Fund, which is since the inception date noted, when theinvestment option has been in existence for less than 10 years. Life of fund figures are from theinception date to the period shown. For unitized funds, the inception date shown may be that ofthe fund's underlying investment option. For non-mutual fund pools and trusts whose strategiesmay be offered to multiple clients and whose returns may be based on a composite, the inceptiondate shown may be the beginning date of the composite's returns.

Total returns are historical and include change in share price and reinvestment of dividends andcapital gains, if any. These figures do not include the effect of sales charges, if any, as these feesare waived for contributions made through your retirement plan. If sales charges were included,returns would have been lower.

The current yield reflects the current earnings of the fund, while the total return refers to a specificpast holding period. The 7-Day Yield is based on a calculation prescribed by the SEC. It is theaverage income return over the previous seven days, assuming the rate stays the same for oneyear and that dividends are reinvested. It is the fund’s total income net of expenses, divided by thetotal number of outstanding shares. This yield does not allow for the inclusion of capital gainsor losses.

† A portion of the fund's expenses was voluntarily reimbursed and/or waived. "Restated Yield" isthe 7-Day Yield without applicable waivers or reimbursements.

Please see the Additional Disclosure Information section at the back of this Notice for additionalinformation, including performance and index disclosures.

Expense RatioExpense ratio is a measure of what it costs to operate an investment, expressed as a percentage ofits assets, as a dollar amount, or in basis points. These are costs the investor pays through areduction in the investment's rate of return, and are required to be disclosed on the chart as agross amount. For a mutual fund, the gross expense ratio is the total annual fund or classoperating expenses (before waivers or reimbursements) paid by the fund. Where the investmentoption is not a mutual fund, the figure displayed in the expense ratio field is intended to reflectsimilar information, but may have been calculated using methodologies that differ from those usedfor mutual funds. Mutual fund data has been drawn from the most recent prospectus and has beenprovided by FMR LLC for Fidelity mutual funds and Morningstar, LLC for non-Fidelity mutual funds.For non-mutual fund investment options, the information has been provided by Morningstar, LLC,the product’s investment manager or trustee, the plan sponsor or other third party.

In certain instances, there may be fee waivers and/or expense reimbursements, which could resultin a temporary reduction to the gross expense ratios listed in the chart. More information isavailable online athttps://netbenefits.fidelity.com/NBLogin/?option=dcPlandetails.

Investment Risk

Additional information regarding an investment option’s risks, as well as its strategy and objectives,including a prospectus or fact sheet if available, can be obtained atwww.401k.com. Please consider all investment information prior to directing your Plan account.

Investments in smaller companies may involve greater risk than those in larger, more wellknown companies.

Stock markets, especially foreign markets, are volatile and can decline significantly in response toadverse issuer, political, regulatory, market or economic developments.

B15 B16

Foreign investments, especially those in emerging markets, involve greater risk and may offergreater potential returns than U.S. investments. This risk includes political and economicuncertainties of foreign countries, as well as the risk of currency fluctuation.

Investments in mid-sized companies may involve greater risk than those of larger, more well knowncompanies, but may be less volatile than investments in smaller companies.

Target date investments are generally designed for investors expecting to retire around the yearindicated in each investment's name. The investments are managed to gradually become moreconservative over time. The investment risks of each target date investment change over time asits asset allocation changes. They are subject to the volatility of the financial markets, includingequity and fixed income investments in the U.S. and abroad and may be subject to risk associatedwith investing in high yield, small cap and foreign securities. Principal invested is not guaranteed atany time, including at or after their target dates.

In general the bond market is volatile and bonds entail interest rate risk (as interest rates rise bondprices usually fall and vice versa). This effect is usually pronounced for longer-term securities.Bonds also entail the risk of issuer default, issuer credit risk and inflation risk.

An investment in a money market fund is not insured or guaranteed by the FDIC or any othergovernment agency. Although money market funds seek to preserve the value of your investmentat $1 per share, it is possible to lose money by investing in these funds.

B17 B18

Additional Disclosure InformationGenerally, data on Fidelity mutual funds is provided by FMR LLC, data on non-Fidelity mutualfunds is provided by Morningstar, LLC, and data on non-mutual fund products is provided byMorningstar, LLC, the product’s investment manager or trustee, the plan sponsor whose plan isoffering the product to participants, or other third party. Although Fidelity believes data gatheredfrom these third-party sources is reliable, it does not review such information and cannot warrant itto be accurate, complete, or timely. Fidelity is not responsible for any damages or losses arisingfrom any use of this third-party information.

American Funds Capital World Growth and Income Fund® Class R-6: Except for Life of Fundreturns, the analysis on these pages may be based, in part, on adjusted historical returns forperiods prior to the class's actual inception of 05/01/2009. These calculated returns reflect thehistorical performance of the oldest share class of the fund, with an inception date of 03/26/1993,adjusted to reflect the fees and expenses of this share class (when this share class's fees andexpenses are higher.) Please refer to a fund's prospectus for information regarding fees andexpenses. These adjusted historical returns are not actual returns. Calculation methodologiesutilized by Morningstar may differ from those applied by other entities, including the fund itself.

American Funds EuroPacific Growth Fund® Class R-6: Except for Life of Fund returns, the analysison these pages may be based, in part, on adjusted historical returns for periods prior to the class'sactual inception of 05/01/2009. These calculated returns reflect the historical performance of theoldest share class of the fund, with an inception date of 04/16/1984, adjusted to reflect the feesand expenses of this share class (when this share class's fees and expenses are higher.) Pleaserefer to a fund's prospectus for information regarding fees and expenses. These adjustedhistorical returns are not actual returns. Calculation methodologies utilized by Morningstar maydiffer from those applied by other entities, including the fund itself.

Fidelity® Contrafund® - Class K: On May 9, 2008, an initial offering of the retirement (K) class tookplace. Returns and expenses prior to that date are those of the non-K, non-advisor class. Had Kclass expenses been reflected in the returns shown, total returns would have been higher.

Fidelity® Low-Priced Stock Fund - Class K: On May 9, 2008, an initial offering of the retirement (K)class took place. Returns and expenses prior to that date are those of the non-K, non-advisorclass. Had K class expenses been reflected in the returns shown, total returns would havebeen higher.

Fidelity® OTC Portfolio - Class K: On May 9, 2008, an initial offering of the retirement (K) class tookplace. Returns and expenses prior to that date are those of the non-K, non-advisor class. Had Kclass expenses been reflected in the returns shown, total returns would have been higher.

Vanguard Explorer Fund Admiral Shares: Except for Life of Fund returns, the analysis on thesepages may be based, in part, on adjusted historical returns for periods prior to the class's actualinception of 11/12/2001. These calculated returns reflect the historical performance of the oldestshare class of the fund, with an inception date of 12/11/1967, adjusted to reflect the fees andexpenses of this share class (when this share class's fees and expenses are higher.) Please refer toa fund's prospectus for information regarding fees and expenses. These adjusted historical returnsare not actual returns. Calculation methodologies utilized by Morningstar may differ from thoseapplied by other entities, including the fund itself.

Vanguard Institutional Index Fund Institutional Plus Shares: Except for Life of Fund returns, theanalysis on these pages may be based, in part, on adjusted historical returns for periods prior tothe class's actual inception of 07/07/1997. These calculated returns reflect the historicalperformance of the oldest share class of the fund, with an inception date of 07/31/1990, adjustedto reflect the fees and expenses of this share class (when this share class's fees and expenses arehigher.) Please refer to a fund's prospectus for information regarding fees and expenses. Theseadjusted historical returns are not actual returns. Calculation methodologies utilized byMorningstar may differ from those applied by other entities, including the fund itself.

Vanguard Mid-Cap Index Fund Institutional Plus Shares: Except for Life of Fund returns, theanalysis on these pages may be based, in part, on adjusted historical returns for periods prior tothe class's actual inception of 12/15/2010. These calculated returns reflect the historicalperformance of the oldest share class of the fund, with an inception date of 05/21/1998, adjustedto reflect the fees and expenses of this share class (when this share class's fees and expenses arehigher.) Please refer to a fund's prospectus for information regarding fees and expenses. Theseadjusted historical returns are not actual returns. Calculation methodologies utilized byMorningstar may differ from those applied by other entities, including the fund itself.

Vanguard Windsor™ II Fund Admiral™ Shares: Except for Life of Fund returns, the analysis on thesepages may be based, in part, on adjusted historical returns for periods prior to the class's actualinception of 05/14/2001. These calculated returns reflect the historical performance of the oldestshare class of the fund, with an inception date of 06/24/1985, adjusted to reflect the fees andexpenses of this share class (when this share class's fees and expenses are higher.) Please refer toa fund's prospectus for information regarding fees and expenses. These adjusted historical returnsare not actual returns. Calculation methodologies utilized by Morningstar may differ from thoseapplied by other entities, including the fund itself.

Vanguard Target Retirement 2015 Trust Plus: This investment option is not a mutual fund.










Vanguard Target Retirement Income Trust Plus: This investment option is not a mutual fund.

Fidelity® Institutional Money Market - Money Market Portfolio - Class I: Fidelity is voluntarilyreimbursing a portion of the fund's expenses. If Fidelity had not, the returns would havebeen lower.

BenchmarksBenchmark indices are unmanaged, and you cannot invest directly in an index. More informationon benchmarks for the investment options through Fidelity is available online at www.401k.com.

Fidelity Investments Institutional Operations Company, Inc., 245 Summer Street, Boston MA 02210

© 2015 FMR LLC. All rights reserved

579674.15.0

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Appendix Fidelity BrokerageLink® Fees

Below are certain fees that may be deducted from your Plan’s Fidelity BrokerageLink® account(s) in connection with various trades you execute. More detailed fee information is available on the Fidelity BrokerageLink® Commission Schedule, which you can obtain, along with additional information, on your Plan’s Web site or by calling the Plan’s toll-free number. Your Plan may limit the trades you are able to execute and the investments you are able to purchase within BrokerageLink®. Before

directing transactions within Fidelity BrokerageLink®, remember to review the prospectus or other offering document of that investment, and consider the charges associated with that transaction. If any fees are deducted directly as a result of a BrokerageLink® transaction, they will be reflected on your transaction confirmation and/or your BrokerageLink® statement. Note that if you hire an advisor to assist you in managing your Plan account, and the advisor initiates trades within BrokerageLink®, your advisor’s fee schedule will apply and fees may differ from those listed below; please refer to your advisor’s fee schedule for more information.

1Certain FundsNetwork funds may be subject to a separate and additional redemption fee imposed by the particular fund. Please check the fund’s prospectus for details. 2Free commission offer applies to online purchases of Fidelity ETFs and select iShares® ETFs in a Fidelity brokerage account, which may require a minimum opening balance of $2,500. The sale of ETFs is subject to an activity assessment fee (of between $0.01 and $0.03 per $1,000 of principal). Fidelity ETFs and iShares ETFs are subject to a short-term trading fee by Fidelity if held less than 30 days.

Fidelity Investments Institutional Operations Company, Inc., 245 Summer Street, Boston, MA 02110

© 2014 FMR LLC. All rights reserved.

653693.9.0 1.9860623.100 17421-11/1114

Fidelity BrokerageLink®—Mutual Fund Transactions Fee (up to amount listed)

Non-Fidelity No-Transaction-Fee FundsNetwork® Funds Purchases $0 (standard load applies)Short-Term Trading Fee for Shares Held Less Than 60 Days1 $49.95 if executed online; $250 max. if Representative-Assisted FundsNetwork Funds—Transaction Fee FundsPurchases $49.95 or $75 per purchase. To identify any applicable transaction fees associated with the

purchase of a given fund, please refer to the “Fees and Distributions” tab on the individual fund page on Fidelity.com. $250 max. if Representative-Assisted

FundsNetwork Load Funds (standard load applies)

Fidelity BrokerageLink®—Other Investment Options Fee (up to amount listed)

Stocks/ETFs—Commission per Trade $7.952 if executed onlineSecurities Exchange Commission Fee on Sell Orders—Stocks/ETFs Between $0.01 and $0.03 per $1,000 of principal (in addition to commission)Options—Commission per Trade $7.95 if executed online, $12.95 if executed via Fidelity Automated Service Telephone,

or $32.95 if executed via rep. Add $0.75 per contract.Options—Exercises and Assignments Regular online stock rates apply. Maximum charge: 5% of principalOptions—Buy-to-Close Trades Regular online stock rates apply when contract rate is $0.65 or less; online options rates

apply when contract exceeds $0.65. Maximum charge: 5% of principal Options—Multileg Orders Base commission plus per-contract chargeBonds—U.S. Treasury Auctions, Including TIPS Auctions $0 if executed online; $19.95 minimum if Representative-AssistedBonds—All Other, Secondary Market $1 per bond ($8 minimum if executed online; $19.95 minimum w/rep)CDs $0—primary market; $1 per bond—secondary market Foreign Stocks—Depository Trust Company (DTC) Fee $50 additional fee assessed on any foreign stock traded that is not DTC eligibleForeign Stocks—Ordinary Share Trading Additional foreign exchange fees up to 0.30% (0.06% for orders routed to Canadian broker)

of execution price are included; local broker fees may also apply.Foreign Fixed Income—Foreign Currency Denominated Settling in U.S. 0.30% of principal for purchases <$1 million Commercial Paper $50 per transactionVoluntary Reorganizations (exercising rights or warrants, participating in tender offers) $38 per transactionUnit Investment Trusts $0 per purchase; $35 minimum fee per redemptionForeign Dividends/Reorganizations 1% of principal charged when dividend is paid or reorganization event occurs on foreign

asset held in U.S. dollars

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Documents

Required Disclosure Information Qualcomm … QDIA - Fee...Required Disclosure Information Qualcomm Incorporated Employee Savings and Retirement Plan Qualified Default Investment Alternative