Today. Start saving for retirement today

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1 THE WORLD BANK BELIEVE IN TOMORROW. Today. Start saving for retirement today Determine how much to save Choose your investment options Enroll at or The World Bank Group Headquarters 401(k) Plan

2 Take the steps toward a better future today. The World Bank Group Headquarters 401(k) Plan is an optional savings plan provided to Bank Group Staff. It offers staff greater flexibility to supplement retirement savings and provides more flexible distribution options at the same time. When determining if this supplemental savings plan is right for you, consider these features: Convenient payroll deductions. You can choose the amount to contribute from your pay into your account. Tax-deferred contributions. You are able to make supplemental contributions to a tax deferred saving plan, regardless of nationality. The plan offers both a pre-tax savings plan and Roth 401(k) after-tax savings plan. Tax-deferred earnings. For pretax 401(k) contributions, the investment earnings on your contributions aren t taxed until you take them out of your account. This helps your money grow faster. Variety of investment options. You can select from among your plan s investment options, which have been specifically chosen to give you flexibility and help you save for retirement. Roth 401(k) contributions. You have the flexibility to make some or all of your contributions on an after-tax basis. You pay taxes on the money now, but all of the earnings grow tax-free and you can make tax-free qualified withdrawals at retirement. Ready to enroll? If you are ready to enroll in your retirement plan now, just follow the steps below. If you have a Social Security number you can enroll online or by phone. If you have a UPI number you can enroll by phone. Otherwise, if you want additional information before enrolling, follow the three easy steps outlined on the following pages. Get started saving today Retirement Plan Website: To enroll online you ll need your Social Security number (SSN), your date of birth in the mm/dd/yyyy format and an address. Retirement Service Center: To enroll by phone you ll need your Social Security Number (SSN) or UPI number and your personal identification number which is initially the last four digits of your SSN or UPI number. If you don t have a Social Security number, use 796, then the last six digits of your UPI number. For example, if your UPI is , enter This is only required on your first call. Representatives are available to assist you from 7:00 a.m. to 11:00 p.m. Eastern Time, Monday through Friday. Simplify your savings: Make tracking and managing your savings easier by consolidating multiple savings accounts into one retirement plan account. Call the Retirement Service Center at to request a rollover form.

3 Step 1: Determine how much to save Determining how much to save for your future is a very important decision. It is also important to start saving today so your contributions have the potential to grow over a longer period of time. Below is some information about a few features of your plan to help you decide how much to contribute. For more information about your plan, see the plan features section of this book. Quick fact Only two-thirds of workers say they, or their spouse, have saved any money for retirement. Have you? Source: Employee Benefit Research Institute, 2013 See how different contribution rates can impact your retirement savings Using a $75,000 annual salary, the table below shows what a big difference increasing your contribution amount can have on your account balance over time. The example assumes annual 2% pay increases and a 7% annual rate of return on your investments. Also, take a look at how the cost of waiting one year can affect your retirement savings. Percent of salary contributed Balance after 15 years Balance after 25 years Balance after 35 years 3% $63,592 $170,407 $390,451 6% $127,185 $340,814 $780,902 9% $190,777 $511,222 $1,171,353 Balance if wait 1 year (based on a 6% salary contribution) $115,581 $317,989 $736,001 Examples are for illustration purposes only. Estimates are based on the assumptions noted, do not guarantee or imply a projection of actual results, and do not include the effect of taxes. Wells Fargo cannot guarantee results under any savings or investing program, including a regular investment program, and cannot guarantee that you will meet your retirement savings goal. Take the steps toward a better future today.

4 Step 2: Choose your investment options It is important that you make investment choices in your retirement plan. If you enroll and don t make any investment selections, your savings will be automatically invested in the age-based Vanguard Target Retirement fund. The following information can help you build an investment strategy for the investment options offered in your retirement plan. Even if you don t know much about investing, it is easy to get started. Keep these key investment concepts in mind as you make your decisions: Diversification: Diversification simply means choosing a variety of investments that represent different asset classes, such as stable value investments, bonds and stock funds. Diversification can help lower risk by capturing the gains of strong performing investments, while offsetting the losses of weaker investments. By investing in different asset classes you seek to balance potential risk. Risk and return: Every investment option offers the potential for gains and the potential for loss. Stable value investments offer little chance that they will lose money, but their potential for gain is limited. On the other end of the spectrum, stock funds have the greatest potential for gain, but they can also decrease significantly in value. The objective is to find the right combination of investments to manage risk and maximize return. Time frame: The longer you have until retirement, the more aggressive you can be. Even if you are uncomfortable with risk but are many years from retirement, you should consider investing more aggressively. Of course, these are just the basics. We have outlined your options for investing, and provided more information for making your investment decisions. Additional fund information is available at the back of this book. Option 1: Choose a simple solution Target date funds A target date fund is a practical, easy-to-understand choice for retirement investing. Each target date fund is diversified across a range of stocks, bonds, and cash equivalents, allocated according to the fund s target date. The target date represents the year you may be considering to begin withdrawing your money. As the target date approaches, the fund slowly becomes more conservative, with less invested in stocks and more in bonds, and cash equivalents. With a target date fund, you won t need to switch from growth-oriented funds to conservative funds over time; the fund automatically shifts its allocation for you. While a target date fund offers a convenient way to invest for retirement, it s important to remember that the principal value of the fund is not guaranteed at any time, including at the target date. If you were born: And you are considering retirement at age 65, consider the: After 01/01/1984 Vanguard Target Retirement /01/ /31/1983 Vanguard Target Retirement /01/ /31/1978 Vanguard Target Retirement /01/ /31/1973 Vanguard Target Retirement /01/ /31/1968 Vanguard Target Retirement /01/ /31/1963 Vanguard Target Retirement /01/ /31/1958 Vanguard Target Retirement /01/ /31/1953 Vanguard Target Retirement /01/ /31/1948 Vanguard Target Retirement 2010 Before 12/31/1943 Vanguard Target Retirement Income You re done! If you chose one of the target date funds, move on to step 3 to enroll. None of the services provided under target date/age-based investing are intended to constitute investment, financial, tax, or legal advice. The target date/age-based investment options have been selected by the plan sponsor (for example, your employer), plan committee or other plan fiduciary. Neither Wells Fargo Bank, N.A. nor its affiliates, employees, agents, or representatives have provided investment advice or recommendations with respect to the selection of any of the target date/agebased investment options offered in the plan.

5 Option 2: Do it yourself Individual fund options If you want to build your own portfolio, choose from the funds available in your plan. This requires you to understand your investment goals and to pick the individual fund options that will meet those needs. If you like to manage your investments, and you have the time and the knowledge to do so, this option may be right for you. First, identify what type of investor you are: conservative, moderate, or aggressive. To help you determine your tolerance for risk, check out the Risk Tolerance Quiz on the retirement plan website at On the home page, select the Right Investment link to access the quick interactive quiz and use your results to help you determine how to invest. After taking the quiz, you should also get to know the fund options available in your plan by reviewing the fund information located at the back of this book. Finally choose the percentage you want to invest in each fund. Your choices must add up to 100%. % of investment Asset class Fund name % Stable Value/Money Market Wells Fargo Advantage Heritage Money Market I % Bonds Vanguard Inflation-Protected Secs I % Bonds PIMCO Total Return Instl % Bonds Wells Fargo Advantage International Bond Fund I % Target Date Funds Vanguard Target Retirement Income Inv % Target Date Funds Vanguard Target Retirement 2010 Inv % Target Date Funds Vanguard Target Retirement 2015 Inv % Target Date Funds Vanguard Target Retirement 2020 Inv % Target Date Funds Vanguard Target Retirement 2025 Inv % Target Date Funds Vanguard Target Retirement 2030 Inv % Target Date Funds Vanguard Target Retirement 2035 Inv % Target Date Funds Vanguard Target Retirement 2040 Inv % Target Date Funds Vanguard Target Retirement 2045 Inv % Target Date Funds Vanguard Target Retirement 2050 Inv % Stock Vanguard Institutional Index I % Stock Dreyfus Small Cap Stock Index % Stock T. Rowe Price International Eq Index % Stock Oppenheimer Developing Markets Y 100% You re done! If you created your own portfolio, move on to step 3 to enroll. This information and any information provided by employees and representatives of Wells Fargo Bank, N.A. and its affiliates is intended to constitute investment education under U.S. Department of Labor guidance and does not constitute investment advice under the Employee Retirement Income Security Act of 1974 or regulations thereunder. Neither Wells Fargo nor any of its affiliates, including employees and representatives, may provide investment advice to any participant or beneficiary regarding the investment of assets in an employer-sponsored retirement plan. Please contact your personal investment, financial, tax, or legal advisor regarding your specific needs and situation. Investment in retirement plans

6 Step 3: Enroll Enrolling in your retirement plan is as easy as 1, 2, 3! You ve made your choices, now make sure you sign up for your retirement plan today. If you have a Social Security number you can enroll online or by phone. If you have a UPI number you can enroll by phone. Before enrolling, you will need to: Determine the amount you d like to contribute Choose your investment options After enrolling remember to select your retirement account beneficiary online. Retirement Plan Website: To enroll online you ll need your Social Security number (SSN), your date of birth in the mm/dd/yyyy format and an address. Retirement Service Center: To enroll by phone you ll need your Social Security number (SSN) or UPI and personal identification number, which is initially the last four digits of your SSN or UPI. If you don t have a Social Security number, use 796, then the last six digits of your UPI number. For example, if your UPI is , enter This is only required on your first call. Representatives are available to assist you from 7:00 am to 11:00 pm Eastern Time, Monday through Friday.

7 Features of your plan This plan features overview answers some of the most common questions about the The World Bank Group Headquarters 401(k) Plan. For more information about your plan, refer to the internal 401(k) plan website. When can I enroll? All headquarters appointed staff with a salary stated in U.S. dollars, and holding one of the following appointments may join the plan on or after your date of hire. Regular Open-ended Term Extended Term Consultant (ETC) Extended Term Temporary (ETT) Executive Director Assistant Senior Advisor Advisor Executive Directors and Alternates Eligibility includes gross and net plan participants, U.S. permanent residents and non-u.s. tax residents holding an eligible appointment. How do I enroll? If you have a Social Security Number you may enroll online or by phone. If you have a UPI number you may enroll by phone. How much can I contribute to the plan? You may elect to contribute from 1% to 50% of your net salary plus overtime. Your contributions are limited to the IRS limit of $17,500 in 2014, subject to certain limitations. If you are age 50 or over by the end of the calendar year, you may qualify to make additional pretax or catch-up contributions of up to $5,500 in When can I make changes to my contribution? You may start, stop, or change the amount of your contributions at any time. All changes will become effective as soon as administratively feasible and will remain in effect until modified or terminated by you. How is the plan taxed? Distributions from a participant s Roth account, including amounts attributable to earnings, will not be subject to U.S. income taxation if the account has been opened for at least 5 years and the owner is at least 59 1/2 years of age at the time of withdrawal. The traditional 401(k) account permits U.S. Citizens to elect to defer taxable Bank Group salary into the plan on a pre-tax basis. This allows Bank Group U.S. citizens to reduce their taxable salary during employment. Tax allowances paid to U.S. Citizens will not be adjusted on account of 401(k) pre-tax contributions. The deferred amounts of salary would become taxable when distributed from the plan upon separation of service, or from an IRA if you elect to rollover the plan distribution. As tax allowances are not reduced at time of contribution, U.S. citizens will be responsible for all taxes when taxes become due at distribution. Can I roll over money into my plan? Rollover contributions are allowed on becoming eligible to participate in the plan. You may roll over money into your account from the following sources: 403(b) plans 457 plans Other qualified plans Roth 401(k) Taxable IRA Accounts Do I have a self-directed account option? In addition to your core retirement plan options, your plan offers a self-directed account that allows you to establish a brokerage account within your retirement plan. This option allows you to purchase individual securities. For information, call Is my account automatically rebalanced? Your plan provides you with options to help you maintain your account s targeted asset allocation. Rebalancing your account on a regular basis is important to keep your investments in line with your chosen risk level and targeted asset allocation plan. If you choose to invest in a Vanguard Target Retirement fund, automatic rebalancing is taken care of for you since it is a built-in feature of the fund/portfolio. If you select investments only from the individual fund options in your plan, you have the option to add automatic rebalancing to your account. After you enroll in the plan, you can add automatic rebalancing by logging on to or by calling When do I become vested in my account? Vesting refers to your ownership of a benefit from your plan. You are always 100% vested in the money you contribute to the plan and the earnings on that money.

8 Are loans permitted? You may borrow up to $50,000, or 50% of your vested balance, whichever is less. The minimum loan amount is $1,000. You may have one loan outstanding at a time. Interest is applied at the Prime Rate plus 1%. The interest you pay goes back into your account. When can I receive money from my account? At retirement At age 59 1/2 while still employed with The World Bank Group At termination of employment, regardless of age Death or disability You may take a hardship withdrawal in certain cases of financial need as established by IRS regulations. Hardship withdrawals are generally limited to the following: Purchase of your principal residence Prevention of eviction from your principal residence Post-secondary education for you or a family member Medical expenses not covered by insurance for you or a family member Funeral expenses for a family member Expenses for the repair of damage to your principal residence If you receive a hardship withdrawal, your deferrals into the plan will be suspended for six months. This brochure is intended to summarize some of the benefits and requirements of the plan. It is not intended to provide a full description of all of the plans, programs and policies, terms of eligibility or restrictions. All statements made in this brochure are subject to the terms of the official plan, program and policy documents. In the event of a conflict between the official documents and this brochure, the official plan documents are controlling. The Plan Sponsor reserves the right to amend, modify or terminate each of its employer-sponsored plans, programs and policies at any time, in whole or part, without notice for any reason. You will receive a personalized account statement quarterly. Electronic statements are also available. Your statement may include: Total account balances Balances by fund Contributions made over the past quarter and year- to-date Historical performance of the funds in your plan There is a 20 basis points (annualized) fee charged quarterly against the market value of your assets invested in the plan. Each quarter the plan will charge 6.25 basis points, or times your account value as an administrative fee. In addition, each investment option charges an asset management fee. Up-to-date information about asset management fees for each investment option can be found on the web site www. worldbankretirement.com or by calling the Retirement Service Center at Other fees include: $75.00 loan origination fee, $40 per distribution and a $100 annual account maintenance fee if you invest using the Schwab Personal Choice Account. The 20 Basis Point Annual Asset Fee does not apply to assets invested in the Schwab Personal Choice account. Withdrawals are subject to ordinary income taxes (and generally a 10% non-deductible tax penalty if you are under age 59½). Refer to your Summary Plan Description for more information about withdrawals.

9 Terms to know Asset Allocation The division of one s money among different assets, or dividing your money among stocks, bonds, and stable investments. It relates to the old saying, Don t put all your eggs in one basket. Bonds An IOU from a government or company. In exchange for you lending them money, they issue a bond that promises to pay you back in the future plus interest (called the yield ). Bonds issued by the government are the safest. Compounding The concept that you earn interest on the interest you have already earned. At first, your money grows slowly, but as time passes, your money grows more rapidly. In order to gain the full benefits of compounding, you need to keep your money invested for a prolonged period of time. Diversification Spreading your money among a number of different investments in order to reduce risk Expense Ratio The expense ratio is the percentage of total fund assets that is used to cover expenses associated with the operation of the mutual fund. This amount is taken out of the fund s assets and includes management fees and operating expenses. The management fee is the fee that is charged to the fund by the portfolio manager, and it is often a fixed percentage. The operating expenses are the expenses that the fund incurs through operation and this can include brokerage fees, taxes, investor services and interest expenses. Market Capitalization A company s value, determined by multiplying the number of outstanding shares of stock by the current price per share. Companies are broken down by their market capitalization in to the following categories: Large cap: $5 billion or more Mid cap: $1 billion to $5 billion Small cap: $50 million to $1 billion Micro cap: Less than $50 million Mutual Fund A pool of money from a number of investors that is invested by professional money managers according to stated investment objectives. Mutual funds invest in a variety of different stocks and/or bonds. Prospectus An informational booklet that a mutual fund offers to investors Rebalancing Redistributing your current investment mix to match your current financial goals and tolerance for risk Rate of Return A profit or loss from an investment, typically expressed as a percentage Risk Tolerance The degree to which you can tolerate the risk of losing money from an investment Share A share represents part ownership in a company commonly called stocks and equities Stocks A share of ownership in a company Tax-deferred Savings Investments that are taxed only upon withdrawal from the plan Time Horizon The amount of time available to meet your financial goals Vested Being vested means that a participant owns, no strings attached, a specific percentage of their retirement account assets. The money that the participant contributes to the plan is always 100% vested. The company s contribution to the plan is vested according to a schedule outlined in the plan summary. Volatility Volatility refers to how easily a stock s price tends to rise and fall. A volatile stock would be one that sees very large swings in its stock price.

10 Notes:

11 Fund Information Stable Value/Money Market Wells Fargo Advantage Heritage MMkt I SHIXX Objective: The investment seeks current income, while preserving capital and liquidity. The fund normally invests exclusively in high-quality, short-term, U.S. dollar-denominated money market instruments of domestic and foreign issuers. These investments may have fixed, floating, or variable rates of interest and may be obligations of U.S. or foreign issuers. The fund may invest more than 25% of its total assets in U.S. dollar-denominated obligations of U.S. banks. It will only purchase First Tier securities. Asset Class Indicator Stable Value/Money Market Money Market Asset Allocation as of 11/30/2013: 86.12% Cash 5.04% U.S. Bond 8.84% Other Bonds Vanguard Inflation-Protected Secs I VIPIX Objective: The investment seeks to provide inflation protection and income consistent with investment in inflation-indexed securities. The fund invests at least 80% of its assets in inflation-indexed bonds issued by the U.S. government, its agencies and instrumentalities, and corporations. It may invest in bonds of any maturity; however, its dollar-weighted average maturity is expected to be in the range of 7 to 20 years. At a minimum, all bonds purchased by the fund will be rated investment-grade or, if unrated, will be considered by the advisor to be investment-grade. Asset Class Indicator Bonds Inflation Protected Blend Asset Allocation as of 09/30/2013: 99.88% U.S. Bond 0.12% Cash PIMCO Total Return Instl PTTRX Objective: The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 65% of its total assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. It invests primarily in investment-grade debt securities, but may invest up to 10% of its total assets in high yield securities ("junk bonds") rated B or higher by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. Asset Class Indicator Bonds Intermediate-Term Bond Asset Allocation as of 09/30/2013: 92.81% Non U.S. Bond 0.29% Non U.S. Stock 75.28% U.S. Bond 0.12% Preferred 3.38% Other % Cash Wells Fargo Advantage International Bond Fund (I) ESICX Objective: The investment seeks total return, consisting of income and capital appreciation. The fund normally invests at least 80% of the fund's net assets in foreign debt securities, including obligations of governments, corporate entities or supranational agencies, denominated in various currencies. It invests in at least three countries or supranational agencies. The fund invests up to 35% of the fund's total assets in debt securities that are below investment grade and up to 5% of the fund's total assets in debt obligations or similar securities denominated in the local currencies of countries that have a sovereign debt rating below investment-grade. Asset Class Indicator Bonds World Bond Asset Allocation as of 11/30/2013: 90.28% Non U.S. Bond 3.98% Other 4.44% Cash 1.31% U.S. Bond 94985D582

12 Target Date Funds Vanguard Target Retirement Income Inv VTINX Objective: The investment seeks to provide current income and some capital appreciation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors currently in retirement. Its indirect bond holdings are a diversified mix of short-, intermediate-, and longterm U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; inflation-protected public obligations issued by the U.S. Treasury; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S. dollar. Asset Class Indicator Target Date Funds Target Date Retirement Income Asset Allocation as of 09/30/2013: 9.16% Non U.S. Stock 16.58% Non U.S. Bond 48.15% U.S. Bond 0.59% Other 4.99% Cash 0.05% Preferred 20.48% U.S. Stock 92202E102 Vanguard Target Retirement 2010 Inv VTENX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the work force in or within a few years of 2010 (the target year). At any given time, its asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. Asset Class Indicator Target Date Funds Target Date 2010 Asset Allocation as of 09/30/2013: 41.48% U.S. Bond 12.20% Non U.S. Stock 4.07% Cash 0.56% Other 27.21% U.S. Stock 0.06% Preferred 14.42% Non U.S. Bond 92202E706 Vanguard Target Retirement 2015 Inv VTXVX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the work force in or within a few years of 2015 (the target year). At any given time, its asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. Asset Class Indicator Target Date Funds Target Date 2015 Asset Allocation as of 09/30/2013: 36.11% U.S. Stock 11.65% Non U.S. Bond 32.72% U.S. Bond 0.53% Other 2.74% Cash 0.08% Preferred 16.17% Non U.S. Stock 92202E300 Vanguard Target Retirement 2020 Inv VTWNX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the work force in or within a few years of 2020 (the target year). At any given time, its asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. Asset Class Indicator Target Date Funds Target Date 2020 Asset Allocation as of 09/30/2013: 9.75% Non U.S. Bond 1.69% Cash 42.48% U.S. Stock 0.50% Other 26.52% U.S. Bond 0.09% Preferred 18.98% Non U.S. Stock 92202E805 Vanguard Target Retirement 2025 Inv VTTVX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the work force in or within a few years of 2025 (the target year). At any given time, its asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. Asset Class Indicator Target Date Funds Target Date 2025 Asset Allocation as of 09/30/2013: 7.81% Non U.S. Bond 1.44% Cash 47.64% U.S. Stock 0.48% Other 21.27% Non U.S. Stock 0.09% Preferred 21.25% U.S. Bond 92202E409

13 Target Date Funds (continued) Vanguard Target Retirement 2030 Inv VTHRX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the work force in or within a few years of 2030 (the target year). At any given time, its asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. Asset Class Indicator Target Date Funds Target Date 2030 Asset Allocation as of 09/30/2013: 52.87% U.S. Stock 1.20% Cash 5.85% Non U.S. Bond 0.46% Other 23.56% Non U.S. Stock 0.10% Preferred 15.96% U.S. Bond 92202E888 Vanguard Target Retirement 2035 Inv VTTHX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the work force in or within a few years of 2035 (the target year). At any given time, its asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. Asset Class Indicator Target Date Funds Target Date 2035 Asset Allocation as of 09/30/2013: 57.77% U.S. Stock 1.00% Cash 3.95% Non U.S. Bond 0.44% Other 25.97% Non U.S. Stock 0.10% Preferred 10.77% U.S. Bond 92202E508 Vanguard Target Retirement 2040 Inv VFORX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the work force in or within a few years of 2040 (the target year). At any given time, its asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. Asset Class Indicator Target Date Funds Target Date 2040 Asset Allocation as of 09/30/2013: 7.07% U.S. Bond 0.83% Cash 61.53% U.S. Stock 0.42% Other 27.45% Non U.S. Stock 0.11% Preferred 2.59% Non U.S. Bond 92202E870 Vanguard Target Retirement 2045 Inv VTIVX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the work force in or within a few years of 2045 (the target year). At any given time, its asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. Asset Class Indicator Target Date Funds Target Date 2045 Asset Allocation as of 09/30/2013: 61.57% U.S. Stock 0.85% Cash 6.99% U.S. Bond 0.42% Other 27.45% Non U.S. Stock 0.11% Preferred 2.62% Non U.S. Bond 92202E607 Vanguard Target Retirement 2050 Inv VFIFX Objective: The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the work force in or within a few years of 2050 (the target year). At any given time, its asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. Asset Class Indicator Target Date Funds Target Date 2050 Asset Allocation as of 09/30/2013: 7.01% U.S. Bond 0.88% Cash 61.54% U.S. Stock 0.42% Other 27.43% Non U.S. Stock 0.11% Preferred 2.61% Non U.S. Bond 92202E862

14 Stock Vanguard Institutional Index I VINIX Objective: The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the Standard & Poor's 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. Asset Class Indicator Stock Large Blend Asset Allocation as of 11/30/2013: 93.91% U.S. Stock 1.78% Non U.S. Stock 4.14% Other 0.16% Cash Dreyfus Small Cap Stock Index DISSX Objective: The investment seeks to match the performance of the Standard & Poor's SmallCap 600 Index. To pursue its goal, the fund invests in a representative sample of stocks included in the S&P SmallCap 600 Index and in futures whose performance is tied to the index. It expects to invest in approximately 500 or more of the stocks in the index. However, at times, the fund may be fully invested in all the stocks that comprise the index. Under these circumstances, it maintains approximately the same weighting for each stock as the index does. The fund is non-diversified. Asset Class Indicator Stock Small Blend Asset Allocation as of 11/30/2013: 99.74% U.S. Stock 0.11% Cash 0.11% Non U.S. Stock 0.04% Other 26200Q204 T. Rowe Price International Eq Index PIEQX Objective: The investment seeks long-term capital growth. The fund seeks to match the performance of the FTSE All World Developed ex North America Index by using a full replication strategy. This involves investing substantially all of its assets in all of the stocks in the index in proportion to each stock's weight in the index. The index is constructed by selecting the countries it covers, sorting the market by regions, and targeting a significant portion of them for inclusion in the index. The FTSE All World Developed ex North America Index is a broadly diversified stock market index based on the market capitalization of over 1,200 predominately large companies. Asset Class Indicator Stock Foreign Large Blend Asset Allocation as of 09/30/2013: 95.18% Non U.S. Stock 0.24% Preferred 2.90% U.S. Bond 0.22% Other 0.85% Cash 0.01% U.S. Stock 0.60% Non U.S. Bond 77958A107 Oppenheimer Developing Markets Y ODVYX Objective: The investment seeks capital appreciation. The fund mainly invests in common stocks of issuers in developing and emerging markets throughout the world and at times it may invest up to 100% of its total assets in foreign securities. Under normal market conditions, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in a developing market, i.e. are in a developing market or are economically tied to a developing market country. The fund will invest in at least three developing markets. Asset Class Indicator Stock Diversified Emerging Markets Asset Allocation as of 11/30/2013: 90.28% Non U.S. Stock 1.08% Other 6.42% Cash 0.40% U.S. Stock 1.82% Preferred The funds are assigned to an asset class, which may not match the asset class assigned by other data sources. Asset Allocation is subject to change and may have changed since date specified. Morningstar calculates portfolio statistics on the short positions in each fund and displays long, short, and net statistics as appropriate. Short positions produce negative exposure to the security that is being shorted. This means that when the security rises in value, the short position will fall in value and vice versa. Individual short positions are displayed with negative percent weights in a complete holdings list, and the short asset allocation for a fund will also be negative. These enhanced statistics allow investors to evaluate the long and short sides of a portfolio separately and to estimate the fund's overall net exposure. All rights reserved for Morningstar, Inc. data. 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 arising from any use of this information.

15 Fund information contained herein (including performance information) is obtained from reliable sources including Morningstar and/or mutual fund companies, but is not guaranteed as to accuracy, completeness and timeliness. Provider shall not be liable for any errors in content or for any actions taken in reliance thereon. An investor should consider the funds investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the fund prospectus, when available. To obtain a copy of the prospectus, please contact the fund company or call a retirement service representative. Please read the prospectus carefully before investing. Investment in retirement plans:

16 Notes:

17 Investment performance and operating expenses The table below contains information about the investment options available in your plan. You can see how these investments have performed over time and compare them with an appropriate benchmark for the same time periods. This table also shows: Annual operating expenses (expenses that reduce the rate of return of an investment) Shareholder-type fees (these are in addition to total annual operating expenses) Investment limitations, restrictions, or both You can make changes to your investment options at wellsfargo.com, or you can call the Retirement Service Center at and speak to a representative Monday through Friday from 7:00 a.m. to 11:00 p.m. Eastern Time. In addition to your core retirement plan options, your plan offers a self-directed account that allows you to establish a brokerage account within your retirement plan. This option allows you to purchase certain other investments besides those listed below. To set up a self-directed brokerage account, sign on to your retirement plan s website. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings. Visit the Department of Labor s website for an example showing the long-term effect of fees and expenses at publications/401k_employee.html. Fees and expenses are only one of many factors to consider when you decide to invest in an option. You may also want to think about whether an investment in a particular option, along with your other investments, will help you achieve your financial goals. Give careful consideration to the importance of a balanced and well-diversified portfolio, taking into account all your assets, income, and investments. Asset Class Performance (as of 12/31/2013) Fund name Type of fund Benchmark 3-Month 1-Year 5-Year Stable Value/Money Market 10-Year/ since inception* Annual Operating Expenses Gross percentage/ per $1,000 Net percentage** /per $1,000 Wells Fargo Advantage Heritage MMkt I 0.00% 0.02% 0.15% 1.80% 0.22%/ Money Market USTREAS T-Bill Auction Ave 3 Mon 0.02% 0.06% 0.10% 1.64% $ %/ $2.00 Bonds Vanguard Inflation-Protected Secs I -2.24% -8.83% 5.46% 4.71% 0.07%/ Inflation Protected Blend Barclays US Treasury US TIPS TR USD -2.00% -8.61% 5.63% 4.85% $ %/ $0.70 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). PIMCO Total Return Instl -0.03% -1.92% 6.91% 6.03% 0.46%/ Intermediate-Term Bond Barclays US Agg Bond TR USD -0.14% -2.02% 4.44% 4.55% $ %/ $4.60 Wells Fargo Advantage International Bond Fund (I) 0.62% -3.86% 4.66% 5.06% 0.71%/ World Bond Citi WGBI NonUSD USD -1.24% -4.56% 2.27% 4.10% $ %/ $7.00 Transfers of $ or more OUT of this fund prohibit you from transferring $ or more INTO this fund for 30 calendar day(s).

18 Asset Class Performance (as of 12/31/2013) Fund name Type of fund Benchmark 3-Month 1-Year 5-Year Target Date Funds 10-Year/ since inception* Annual Operating Expenses Gross percentage/ per $1,000 Net percentage** /per $1,000 Vanguard Target Retirement Income Inv 2.41% 5.87% 8.56% 5.48% 0.16%/ Target Date Retirement Income Morningstar Lifetime Moderate Income 2.31% 6.45% 8.91% 6.32% $ %/ $1.60 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Vanguard Target Retirement 2010 Inv 3.23% 9.10% 10.55% *5.99% 0.16%/ Target Date 2010 Morningstar Lifetime Moderate % 8.76% 10.67% *6.59% $ %/ $1.60 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Vanguard Target Retirement 2015 Inv 4.34% 13.00% 11.79% 6.16% 0.16%/ Target Date 2015 Morningstar Lifetime Moderate % 10.50% 11.65% 7.52% $ %/ $1.60 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Vanguard Target Retirement 2020 Inv 5.13% 15.85% 12.77% *6.43% 0.16%/ Target Date 2020 Morningstar Lifetime Moderate % 12.98% 12.86% *6.80% $ %/ $1.60 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Vanguard Target Retirement 2025 Inv 5.77% 18.14% 13.63% 6.49% 0.17%/ Target Date 2025 Morningstar Lifetime Moderate % 16.28% 14.17% 8.16% $ %/ $1.70 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Vanguard Target Retirement 2030 Inv 6.46% 20.49% 14.53% *6.54% 0.17%/ Target Date 2030 Morningstar Lifetime Moderate % 19.64% 15.31% *7.03% $ %/ $1.70 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Vanguard Target Retirement 2035 Inv 7.09% 22.82% 15.33% 6.99% 0.18%/ Target Date 2035 Morningstar Lifetime Moderate % 22.03% 16.01% 8.60% $ %/ $1.80 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s).

19 Asset Class Performance (as of 12/31/2013) Fund name Type of fund Benchmark 3-Month 1-Year 5-Year Target Date Funds (continued) 10-Year/ since inception* Annual Operating Expenses Gross percentage/ per $1,000 Net percentage** /per $1,000 Vanguard Target Retirement 2040 Inv 7.57% 24.37% 15.66% *6.83% 0.18%/ Target Date 2040 Morningstar Lifetime Moderate % 23.05% 16.30% *7.26% $ %/ $1.80 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Vanguard Target Retirement 2045 Inv 7.59% 24.37% 15.65% 7.37% 0.18%/ Target Date 2045 Morningstar Lifetime Moderate % 23.07% 16.35% 8.79% $ %/ $1.80 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Vanguard Target Retirement 2050 Inv 7.57% 24.34% 15.67% *6.89% 0.18%/ Target Date 2050 Morningstar Lifetime Moderate % 22.83% 16.34% *7.26% $ %/ $1.80 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Stock Vanguard Institutional Index I 10.50% 32.35% 17.95% 7.41% 0.04%/ Large Blend S&P 500 TR USD 10.51% 32.39% 17.94% 7.41% $ %/ $0.40 Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 60 calendar day(s). Dreyfus Small Cap Stock Index 9.75% 40.76% 21.04% 10.40% 0.51%/ Small Blend S&P SmallCap 600 TR USD 9.83% 41.31% 21.37% 10.65% $ %/ $5.00 T. Rowe Price International Eq Index 5.28% 20.07% 12.14% 6.88% 0.50%/ Foreign Large Blend MSCI ACWI Ex USA NR USD 4.77% 15.29% 12.81% 7.57% $ %/ $5.00 Participant Directed Transfer Redemption Fee: 2.000% on shares that are transferred or exchanged out of the fund before the fund's minimum holding period of 90 day(s). Transfers of $0.01 or more OUT of this fund prohibit you from transferring $0.01 or more INTO this fund for 30 calendar day(s).

20 Asset Class Performance (as of 12/31/2013) Fund name Type of fund Benchmark 3-Month 1-Year 5-Year Stock (continued) 10-Year/ since inception* Annual Operating Expenses Gross percentage/ per $1,000 Net percentage** /per $1,000 Oppenheimer Developing Markets Y 3.69% 8.68% 20.23% *12.26% 1.06%/ Diversified Emerging Markets MSCI EM NR USD 1.83% -2.60% 14.79% *8.27% $ %/ $10.50 *Returns are since inception for funds that are less than ten years old. **Investment options that show a net percentage lower than the gross percentage under total annual expenses have certain fee waivers in effect which reduce the expenses for that investment option. Net expenses per $1,000 presume (but do not guarantee) that the fee waiver is in effect for the one-year period. For more information about any fee waiver, including its duration, see the investment prospectus or similar disclosure document. Any amounts that may have been rebated back to the plan from an investment option s total annual operating expenses are not taken into account in the net percentages or net expenses per $1,000. Unless noted in the investment chart above, a plan fiduciary is responsible for voting, tender, and other similar rights for the plan s designated investment options. Please visit wellsfargo.com for more information about the investments in your plan, including the most up-to-date investment performance and annual expense information. For a free paper copy of this information, or for further information contact the Retirement Service Center at or write to Institutional Retirement and Trust, D , 1525 West WT Harris Boulevard, Charlotte, NC In addition, a glossary of investment related terms is available on the website to help you better understand your investment options. Figures quoted represent past performance, which is no guarantee of future results. Investment return and principal value and yields of an investment will fluctuate so that an investor s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower due to market volatility. These returns include reinvestment of dividends and capital gains. Government bonds are not insured or guaranteed by the U.S. Government. Benchmarks are not investments and are shown for performance comparison purposes only. The benchmark shown represents an appropriate broad-based securities market index. In cases where two benchmarks are provided, the first is the broad-based benchmark and the second is an alternative benchmark for further comparison information. All rights reserved for Morningstar, Inc data. 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 arising from any use of this information. Fund information contained herein (including performance information) is obtained from reliable sources including Morningstar and/or mutual fund companies, but is not guaranteed as to accuracy, completeness and timeliness. Provider shall not be liable for any errors in content or for any actions taken in reliance thereon. Certain funds listed may impose redemption fees on shares that are transferred or exchanged out of the applicable fund before the applicable minimum holding period. An investor should consider the funds investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the fund prospectus, when available. To obtain a copy of the prospectus, please contact the fund company or call a retirement service representative. Please read the prospectus carefully before investing. Investment in retirement plans:

21 Additional Fee Information The table below summarizes additional fees that may be charged to your account. Fees actually charged to your account will be shown on the Account Summary section of the statement. Fee paid by Fee Fee amount Allocation method/frequency 1 Participant 59 1/2 DIST. $20.45 Each 1 Participant Florida Stamp Tax 0.35% Each 1 Participant HARDSHIP $20.45 Each 1 Participant IN-SERVICE $20.45 Each 1 Participant LUMP SUM $20.45 Each 1 Participant MIN REQ'D DIST $20.45 Each 1 Participant New Loan Fee $75.00 Each 1 Participant PERIODIC $2.00 Each 1 Participant ROLLOVER $20.45 Each 1 Participant SDA Product Fee $25.00 Quarterly Plan SDA Fee $ Per Participant/Per SDA Account The fees noted above are paid to service providers for plan administration, such as loan processing, legal, accounting, and recordkeeping services. These fees vary each year based on different factors. Your employer has discretion to pay plan administration expenses from its own assets or from the plan s assets, and may change its decision on how such expenses are paid at any time. Other fees, such as a fee for a new service, may apply. Fees that are charged to the plan, or to your account directly, will be shown on your quarterly statement. Some of the plan s administrative expenses for the preceding quarter may have been paid from the total annual operating expenses of one or more of the plan s designated investment alternatives. Pro Rata: This term refers to the practice of charging a proportion of a fee for a fraction of a unit that the fee applies to. A fee charged for a period of time can be prorated for the actual number of days that the fee applied to in the fee period. A fee charged for a unit (such as a block of shares) can be prorated for the actual number of shares involved. In practice, formulas are sometimes used to approximate or round off the quantities applied to prorated fees. These actual formulas are typically spelled out in the plan documents or prospectus. In the context of an employer-sponsored retirement plan, this term usually refers to the practice of charging fees proportionately across retirement plan participant accounts. In practice, a fee is assessed against a plan participant s account in proportion to the size of his account relative to the size of all other participants accounts in the retirement plan. 1 Fees paid by participants also include any asset or redemption fees noted in the investment performance and operating expenses chart.

22 Notes:

23 The Schwab Personal Choice Retirement Account (PCRA) The Schwab Personal Choice Retirement Account (PCRA), offered through Charles Schwab & Co., Inc., is designed for knowledgeable investors who would like to expand their range of investment options beyond the choices designated in their retirement plan. What is a PCRA? A PCRA is a self-directed brokerage account offered through Charles Schwab designed to complement your employer s retirement plan offering. If you establish a PCRA, you will have two retirement accounts: your core retirement account and your PCRA.1 A PCRA differs from your core retirement account in that it gives you access to thousands of additional investment choices in addition to the ones that are available in your core retirement account. You can transfer money between the accounts. Each account will have a unique username and password. Establishing a PCRA 1. Sign on to your account on the Wells Fargo Retirement Plan Website. 2. Choose the Plan Information tab from the top navigation and select Plan Resources to access the Schwab website. Please note, you will need to input your plan s retirement plan ID and password to access the online application. You can obtain your plan s ID and password from your plan administrator. You will receive your account number instantly once you submit your application. 3. A PCRA welcome packet will arrive by mail a few days after you complete your online application. Costs involved in investing in a PCRA PCRA account fee: Wells Fargo may charge an annual account fee to maintain the account. Please see the additional fee information chart for further information. Fees and commissions: There may be fees associated with trading in your PCRA. For complete details, please see the following PCRA Commissions and Fees Schedule.2 The fee schedule will also be included in the welcome packet that you will receive if you decide to open a PCRA. Transferring money to and from your PCRA After you establish your PCRA, you can transfer money between your core retirement account and PCRA via the Wells Fargo Retirement Plan Website or by contacting the Retirement Service Center. Managing your PCRA After you transfer money into your PCRA, you can manage your account on Schwab.com or by contacting a Schwab PCRA Registered Representative at You will have access to your account 24 hours a day, 7 days a week. Please note, at Schwab you can trade in a PCRA during after-hours markets. Money market fund:3 When you transfer money from your core retirement account to your PCRA, it will be automatically invested in the PCRA sweep money market fund where your money can earn interest until you place a trade. money market fund for the transfer to take place. 1 Your core retirement account refers to the portion of the retirement plan that includes the designated investment options offered by the plan. The term is used in contrast to your PCRA or brokerage account. 2 Before purchasing or selling any securities in your PCRA, you should talk to Schwab about any fees associated with the purchase or sale of those securities. Depending on the investments selected, certain fees, such as loads or 12b-1 fees, may apply and be charged against your account. Please contact a Schwab PCRA Registered Representative at for more information about these types of fees, or to view the investment s current prospectus. 3 An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the Schwab money market fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund.

24 Non-permitted securities: Some investments are not allowed in a PCRA. Also, your employer may decide to exclude some types of investments from your PCRA. In general non-permitted investments include: short sales, private placements, commodities, precious metals, real estate, futures, margin accounts, collectibles, options (other than covered calls and protective puts, if permitted by your employer and approved by Schwab), and any other investments your employer may decide to restrict. Keeping track of your PCRA balance on the Wells Fargo Retirement Plan Website If you want to: Transfer money to your PCRA Access your PCRA to view balance or select investments Sign on to your account and: Choose the Actions & Investments tab from the top navigation and select Change Investments and Elections. Transfer money by selecting Transfer by Percent or Transfer by Amount. Choose the Plan Information tab from the top navigation and select Plan Resources. From this page you can access schwab.com where you will need to sign on to your brokerage account (PCRA) with your unique username and password. You can also access your PCRA directly via schwab.com. Please see the Wells Fargo Retirement Plan Website or contact the Retirement Service Center for more information. If the fund array in your retirement plan includes a stable value fund, please be aware that transferring money directly from a stable value fund to a PCRA may not be permitted due to equity wash rules which restrict transfers to competing (similar) investments, such as the PCRA sweep money market fund. In this case, you will first need to redirect balances from the stable value fund to a different, noncompeting investment in your core account. After 90 days, you can then transfer money from the non-competing investment to your PCRA. There are no restrictions when transferring balances from a non-competing investment in your core account directly to a PCRA. Recordkeeping, trustee, and/or custody services are provided by Wells Fargo Institutional Retirement and Trust, a separate business unit of Wells Fargo Bank, N.A. This information and any information provided by employees and representatives of Wells Fargo Bank, N.A., and its affiliates is intended to constitute investment education and does not constitute investment, financial, tax, or legal advice. Please contact an investment, financial, tax, or legal advisor regarding your specific needs and situation. Schwab Personal Choice Retirement Account (PCRA) is offered through Charles Schwab & Co., Inc., a registered broker dealer, which also provides other brokerage and custody services to its customers. Investment in retirement plans 2013 Wells Fargo Bank, N.A. All rights reserved G

25 February 2013 Charles Schwab Pricing Guide for Retirement Plan Accounts Pricing information in this Charles Schwab Pricing Guide for Retirement Plan Accounts ( Guide ) applies only to clients with accounts held at Charles Schwab & Co., Inc., a registered broker-dealer, and is limited to: (1) a retirement plan account serviced by an Independent Recordkeeper, and (2) a Schwab Personal Choice Retirement Account (PCRA) established on behalf of retirement plan participants. Pricing information in this Guide supersedes prior pricing versions. Schwab reserves the right to change or waive fees at our discretion, subject to notification in accordance with applicable laws and regulations. Any pricing that has been negotiated for your retirement plan ( plan ) is not reflected in this Guide and supersedes this Guide. Your Retirement Plan Service Provider may charge fees to activate or maintain a PCRA. These fees cover the additional costs the Retirement Plan Service Provider incurs for government reporting, oversight, and the due diligence the provider has done to make the PCRA available as an additional feature in your employer-sponsored retirement plan. Please check with your provider for details on any fees they may charge. Please carefully review this Guide and keep it for your reference. Contents Introduction Definitions Commissions and Transaction Fees Special Stock Transactions Mutual Fund Transaction Fees per Executed Trade Options Commissions per Executed Trade Fixed Income Investments Account Activity Fees Special Service Fees Endnotes How to Reach Us By Phone: For Schwab PCRA account holders, please call the dedicated PCRA Call Center at PCRA (7272), Monday through Friday, 9:00 a.m. to 7:30 p.m. ET. This number will also connect you, day or night, to Schwab s automated phone services: Schwab by Phone (voice recognition) and TeleBroker (touch-tone). For plan-level custody accounts, please contact your Schwab Client Service Manager. 1 By Web and Wireless: Web-enabled phone: Look for Schwab on your phone s web menu. Wireless device: Consult Visit the PCRA Resources section on Schwab.com for more information. Once logged in to your PCRA, you ll find this section in the right margin on key pages of the site. Introduction Schwab provides a broad range of value-added services, some of which have associated fees. This document provides you with an overview of standard pricing for commission rates, transaction fees, and service fees for these types of accounts: Your plan may restrict certain investments described in this Guide. Please contact your retirement plan service provider for details on which investments are available to you. You can obtain additional information about the pricing for your account(s) through: account is serviced by an Independent Recordkeeper If your retirement plan allows, you may be able to utilize an investment advisor ( advisor ). Your account may be subject to your advisor s fee schedule. Contact your advisor for details. Definitions Trades placed through one of Schwab s electronic channels, including online (e.g., at mobile devices, and Schwab s automated phone services (e.g., Schwab by Phone or TeleBroker ). Certain securities may not be available through all electronic trading channels. Householding refers to the aggregation of your accounts held at Charles Schwab & Co., Inc. Current regulations prevent us from householding your plan-level account or PCRA with your other accounts at Schwab. Your PCRA is a cash-up-front account. For all purchases, we require cleared funds in the account. When you re selling, we require securities on deposit. It is your responsibility to avoid overspending your account. If your account becomes overspent, Schwab reserves the right to liquidate a portion of your account to cover the debit balance. Brokerassisted fees will apply.

26 Commissions and Transaction Fees 1 Stocks and Third-Party Exchange-Traded Funds (ETFs) per Executed Trade* Trading Channel Commission Electronic 2 $8.95 Broker-Assisted Electronic commission, $25 ETFs (including Schwab ETFs ) participating in Schwab ETF OneSource, per Executed Trade 3 Trading Channel Commission Electronic 2 $0 Broker-Assisted Electronic commission, $25 * These fees also apply to trades of Canadian stocks, American Depositary Receipts, and stocks of foreign-incorporated companies that are listed on U.S. or Canadian exchanges or whose trades clear and settle in the U.S. or Canada. Short sells and buys to cover for third-party ETFs participating in Schwab ETF OneSource are subject to online commissions plus any additional fees. Foreign Stock Transactions Trades placed on the U.S. over-the-counter (OTC) market Trading Channel Transaction Fee Electronic $8.95, a $50 foreign transaction fee 4 Broker-Assisted $83.95: electronic commission of $8.95, $25 for broker assistance, a $50 foreign transaction fee Trades placed directly on a foreign exchange Trading Channel Transaction Fee Electronic Broker-Assisted Not available The greater of $100 or 0.75% of principal, with no maximum These fees apply to trades of foreign ordinary shares placed directly on a foreign exchange or on the U.S. over-the-counter (OTC) market. Special Stock Transactions Large block transactions (orders of 10,000 or more shares, or orders over $500,000): May be eligible for special handling and/or pricing please call us for information. The Schwab No-Fee StockBuilder Plan for dividend reinvestment is available for most U.S. stocks. If you wish to reinvest the dividends on any qualifying stock, please specify when placing your trade order. To change your elections, call your Schwab Representative or visit Mutual Fund Transaction Fees per Executed Trade Some funds may also charge sales and/or redemption fees. Please read the prospectuses for details. You can buy shares directly from a fund company or its principal underwriter or distributor without paying Schwab s transaction or service charges (except Schwab Funds ). No-Transaction-Fee Funds (includes funds available through the Mutual Fund OneSource service) 5 Trading Channel Transaction Fee Electronic $0 Broker-Assisted Transaction-Fee Funds 5 Trading Channel Transaction Fee Electronic $25 service charge per trade may apply $50 per buy, $0 per sell Broker-Assisted Electronic fee, $25 service charge per trade For information about offshore funds (funds registered outside the U.S. for purchase by non-u.s. persons only), please call us. Option Commissions per Executed Trade Trading Channel Commission Electronic $8.95, $0.75 per contract Broker-Assisted Electronic commission, $25 Stock or option trades resulting from an option exercise or assignment will be subject to the corresponding electronic commission pricing schedule. Fixed Income Investments 6 Schwab reserves the right to act as principal on any fixed income transaction, public offering, or securities transaction. When Schwab acts as agent, a commission will be charged on the transaction. When Schwab acts as principal, the markup is included in the bond price. Product Type New issues, including Certificates of Deposit Treasury Bills, Notes, Bonds, and TIPS (Secondary and Auction) Secondary transactions for Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries (including STRIPS), Mortgage-Backed Securities, and Certificates of Deposit Electronic Commission or Markup Broker-Assisted Commission or Markup $0 (a selling concession may be included in the original offering price) $0 $25 $1 per bond ($10 minimum/ $250 maximum) Electronic commission, plus $25 per trade Unit Investment Trusts Not applicable Sales charge applies. Please see prospectus. Preferred REITs Stock commissions and minimums apply for secondary transactions. Commercial Paper and Foreign Bonds These are specialty products please call us for information. Large block transactions (orders of more than 250 bonds) may be eligible for special handling and/or pricing please call us for information. Our commissions and markups may be slightly less than our published schedule due to rounding. Account Activity Fees Fee Type Amount Mutual fund short-term redemption $49.95 fee 7 Order out of certificates (for all U.S. and some Canadian securities)*: Book entry of securities held $0 per issue electronically at transfer agent (Direct Registration System) Physical certificates This fee will be equal to the amount charged to Schwab by the Depository Trust & Clearing Corporation, currently $500 per certificate, subject to increases in the future. Additional charges may apply for rush requests. Order out of certificates (for foreign securities): Physical certificates 8 Transfer of title for certificates (re-registering securities held in certificate form) Variable fee (based on the location of the transfer agent) $25 fee per position 2

27 Account Activity Fees (continued) Fee Type Schwab Non-Sweep Money Funds, including Schwab Value Advantage Investments (SVAI): Schwab-initiated redemptions 9 Security Reorganization*: Voluntary and post-effective * Certain clients qualify for exemption. Amount $10 fee per redemption $39 fee Cashiering and Administrative Service Fees 10 PCRA participants cannot initiate cashiering requests with Schwab to deposit or disburse funds from a PCRA. These fees apply to cashiering or disbursement requests received from the Plan Administrator, Trustee, or other authorized party, and are deducted from the account designated by these parties. Fee Type Paying agent services Schwab-issued check Check stop payment Amount Overnight Service $8.50 Nonsufficient funds/returned item Wire transfer (outgoing)* 11 * Certain clients qualify for exemption. Custody Fees Custody Fees Description Annual maintenance fee for restricted securities $30 per distribution $20 per check $10 per check $25 fee per item $25 fee per transfer Amount Custody Fees for Non-Publicly Traded Securities Description Amount Annual maintenance fee for other Non-Publicly Traded Securities 12 Transaction fee Ineligible security fee $150 per position $250 per position $500 maximum per account $100 per transaction $250 per year per position Will be charged for continued servicing of Non-Publicly Traded Securities that are ineligible for custody at Schwab. There is no per-account maximum on this fee. Clients will be notified in advance if any of their holdings are subject to this fee. Valuation fee Effective September 1, 2013: $500 per year per position valued Will be charged to offset the costs of a third-party appraisal, if one is available, if standard valuation sources fail to provide a year-end fair market value for a Non-Publicly Traded Security. There is no peraccount maximum on this fee. Clients will be notified in advance if any of their holdings are subject to this fee. Non-transferable securities 13 $1 per month, per position Special Service Fees This is a fee Schwab charges to offset fees imposed on us by national securities and self-regulatory organizations or by U.S. option exchanges. The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations based on the aggregate dollar amount of sales of certain securities. The SEC recalculates the amount of this fee periodically at least once per year but sometimes more often. National securities exchanges and self-regulatory organizations offset the transaction fees by charging their member brokerdealers such as Schwab, and we, in turn, offset this fee by charging you an Exchange Process Fee for covered sell transactions. U.S. options exchanges charge Schwab and other broker-dealers percontract fees for purchases and sales of exchange-listed options. The exchanges may charge these fees even on transactions executed on other exchanges, which can result in multiple fees being imposed on Schwab for a single transaction. Schwab offsets these fees by charging you a single Exchange Process Fee for each covered transaction. Any Exchange Process Fee that appears on your trade confirmation for a sale of an exchange-listed option will combine the offsets for the fees charged both by the U.S. option exchanges and by the national securities and self-regulatory organizations. This fee includes either fees charged for purchases and sales of certain mutual fund shares or fees charged for purchasing U.S. Treasury obligations via the auction process. The amount of this fee will appear on your trade confirmation. Banks that custody ADRs are permitted to charge ADR holders a fee. Fees collected from Schwab by the Depository Trust Company for an ADR will be automatically deducted from your Schwab account(s) and shown on your account statement(s) as an ADR Pass-Thru Fee. Endnotes 1 Excluding mutual funds, commissionable trades that execute over more than one day will be charged a separate commission for each additional day; each separate commission will apply to the portion of the trade executed on the corresponding additional day. Electronic trade orders for which price or quantity are changed by the client, and as a result execute over multiple trades on the same day, are each charged a separate commission. 2 Up to 999,999 shares can be placed per trade. 3 The Schwab Exchange-Traded Funds (Schwab ETFs ) are distributed by SEI Investments Distribution Co. (SEI). Charles Schwab Investment Management, Inc. (CSIM) serves as the registered investment advisor to Schwab ETFs. CSIM is a wholly owned subsidiary of The Charles Schwab Corporation and an affiliate of Charles Schwab & Co., Inc., none of which is affiliated with SEI. 4 Transactions in foreign ordinary shares incur additional custody, clearing, and settlement expenses. A foreign transaction fee is added to trades placed on the U.S. over-the-counter market through the online or automated phone channels. The commission and foreign transaction fee will be combined and appear as one line item, labeled Commission, on your trade confirmation. 5 Standard fees apply on both transactions when placing simultaneous orders to sell one or more transaction-fee fund(s) and purchase additional transaction-fee fund(s) with the proceeds. 6 For fixed income trades placed through one of Schwab s electronic channels, discounts may apply. 7 Schwab s short-term redemption fee will be charged on the redemption of funds purchased through Schwab s Mutual Fund OneSource service (and certain other funds with no transaction fee) and held for 90 days or less. Schwab reserves the right to exempt some funds from this fee, including certain Schwab Funds, which may charge a separate redemption fee, and funds that accommodate short-term trading. 3

28 8 An additional amount of $250 per certificate will be charged for foreign securities. 9 Occurs, at Schwab s sole discretion, when no other cash assets or margin credit balances are available in a customer s account to cover transactions such as Schwab One checks, security purchases, Visa debit cards, AIP investments, and electronic funds transfers. 10 Fees for cashiering services do not apply to PCRA account holders, with the exception of nonsufficient funds/returned item fees. 11 Wire transfer fees can be avoided by using certain automated services, such as Schwab MoneyLink, or by using Schwab One checkwriting services. 12 Custody fees for Non-Publicly Traded Securities are billed annually in arrears. Certain Non-Publicly Traded Securities may be exempt from certain fees. Non-Publicly Traded Securities include (list is subject to change and not exhaustive): promissory notes; church bonds; limited partnerships; private limited partnerships; limited liability companies; private common, preferred, and convertible preferred stock; private bonds; private warrants; private placements; and private REITs. State of Israel bonds and church bonds, which are considered non-standard assets, are subject to the $100 transaction fee only. 13 A non-transferable security is a security for which there has been no transfer agent for three years or more. Schwab Personal Choice Retirement Account (PCRA) is offered through Charles Schwab & Co., Inc., a registered broker-dealer, which also provides other brokerage and custody services to its customers. Schwab Retirement Plan Services, Inc. and the Schwab Retirement Plan Services Company provide recordkeeping and related services with respect to retirement plans. Charles Schwab Bank (the Bank) provides trust and custody services with respect to retirement and other benefit plans, including individual retirement accounts. This includes accounts where the Bank acts as trustee or custodian and the client has instructed the Bank to establish either a PCRA or to set up a separately managed account with Charles Schwab & Co., Inc. as sub-custodian. The pricing information provided in this Guide does not apply to assets held directly at the Bank Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CS ( ) REG23060SCSFM-05 (02/13) 4

29 DESIGNATE YOUR BENEFICIARY This is an important step in completing your enrollment. Please take the time to identify beneficiary(ies) as recipient(s) for your savings. This designation serves as the means of disbursing your account balance in the event of your death. You may update this information at any time. Ensure that your sav ings are protected. You may choose to designate one or multiple beneficiaries for your account. You will need to have the name, home address, date of birth and Social Security number for each beneficiary. Beneficiaries may be either Primary or Contingent. Primary beneficiaries are considered first recipients. The Contingent beneficiary(ies) would receive the assigned percent allocation of the balance in the event that the Primary beneficiary(ies) cannot be located, predecease you in death, or waives the right to the benefit. Spousal Consent: If you are legally married, your spouse is designated the sole beneficiary. To designate someone other than your spouse as a Primary beneficiary, to receive the whole or a portion of the account balance, your spouse must sign a consent waiver. The Spousal Consent waiver will be sent to you with instructions upon online completion of your designation. Until the signed and notarized consent is received, your designation will be considered pending. You may designate Contingent beneficiaries without obtaining spousal consent. After you complete your designation(s) a confirmation will be sent to you. Designate Online Av ailable when you are. Simply log on to Upon access to your account, if you have not yet designated a beneficiary then a Reminder Message will appear to guide you. You may also access Beneficiary Maintenance under the My Profile menu. You may select individual(s), an estate or a trust as a beneficiary. You may continue entering beneficiaries by clicking the Add Beneficiary button at the end of the Information page. You will need to identify each by whether they are Primary or Contingent and assign a percent allocation of the account balance you want each designee to receive. Once you complete your entries, a verification page will be displayed with all of your designations. Click the Submit button to complete your designations. A confirmation will be sent to you. Designate by Phone Assistance is av ailable. If you prefer to designate your beneficiaries by phone, please call the Retirement Service Center at weekdays from 7:00 a.m. until 11:00 p.m. Eastern time. A representative can take your information and enter it for you. A confirmation will be sent to you. The information contained herein and any information provided by employees and representatives of Wells Fargo Bank and its affiliates is for educational purposes only and does not constitute investment, financial, tax or legal advice. Further, this information is general in nature and is not intended to be reflective of any specific plan. Please contact your personal investment, financial, tax or legal advisor regarding your specific needs and situation. Further, please refer to your plan documents for more information about the specifics of your plan.

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31 Online tools designed to help you reach your retirement goals For more information about the importance of saving and planning for retirement, check out the variety of online tools available from the Retirement Plan Website homepage, including interactive calculators and charts, and audiocasts. Below are a few examples of the many tools available under the Learning Center tab. Projected Retirement Expense Calculator We all want to know how much we will need in retirement. Use this calculator to help project your expenses in retirement. This calculator is located under the Interactive Tools section. Articles Choose from a wide variety of articles to help get started on your path to saving for retirement. Retirement Quick View Calculator Are you saving enough? This calculator will show you how long you can expect your savings to last in retirement. Need help determining your investor style? Check out the interactive Risk Tolerance Quiz. The quiz is located under the Tools and Calculators section on the right-hand side of the screen under Find the Right Investment Mix link. Answer a few easy questions to determine an asset allocation strategy that may be right for you. Recordkeeping, trustee, and/or custody services are provided by Wells Fargo Institutional Retirement and Trust, a business unit of Wells Fargo Bank, N.A. This information and any information provided by employees and representatives of Wells Fargo Bank, N.A., and its affiliates is for educational purposes only and does not constitute investment, financial, tax, or legal advice. Please contact your investment, financial, tax, or legal advisor regarding your specific needs and situation.

32 Wells Fargo Institutional Retirement and Trust D West WT Harris Boulevard Charlotte, NC CHANGE SERVICE REQUESTED 00000WLD 2014 Wells Fargo Bank, N.A. All rights reserved. C ENK