Your Retirement PLUS Plan Handbook...

Table Provide current income consistent Short term U.S. government, Capital preservation and with the preservation of capital agency, and corporate obligations low returns from very Very low risk. Any risk is primarily because and liquidity. Provide a stable with an average maturity of 90 days short-term money market share price or less securities Provide a higher rate of return Investment grade bonds of major Principal preservation and Moderate fluctuation in value of investments. Fairly low risk. Any risk is primarily than the Money Market Fund, corporations with a maturity of fairly low returns from with only modest changes in the between one and three years short-term debt securities because of lower income value of the principal U.S government securities, Provide total return with corporate bonds, mortgage or Moderate returns over time asset-backed securities. Many use Moderate risk because of changes in interest consistent preservation of capital based on interest payments, derivative instruments for hedging rates (bond values and interest rates generally and prudent investment sales of debt securities, and purpose or as part of its investment move in opposite directions) management strategy. The average maturity is 3 changed on bond values to 10 years. Moderate risk because of changes in interest Treasury Inflation Protected rates and inflation. In an environment Provide a long-term rate of return Securities with an average maturity Protection against inflation where inflation is decreasing, the fund will that outpaces inflation between 7 and 20 years typically underperform U.S. Treasuries of similar maturity Provide a higher yield, and higher A diversified portfolio of high-yield Higher income returns, and Moderately high risk. Lower-rated bonds long-term rate of return than bonds, debt securities, and other potentially higher long-term tend to be significantly more volatile than investment-grade bonds by similar instruments issued by rates of return, than other investment-grade bonds, and have a greater investing in bonds issued by lower various U.S., non-u.s., public, or fixed-income type rated entities private sector entities investments degree of default risk Provide a high level of long-term Moderately high risk. While the investments A concentrated portfolio of energy High dividend distribution returns, with a significant portion do have a higher dividend return than most and energy infrastructure Master with some capital of the return coming from stock market sectors, the underlying securities market values do fluctuate over time Limited Partnerships appreciation dividends distributions Equities included in the Standard & Moderate to high returns Match the investment performance Poors Stock Index. The index over time based on changes Moderately high risk because of changes in of the Standard & Poors 500 Stock includes stocks from most of the in stock values and stock the market value of stock in the fund Index larger corporations in the United dividends States Stocks in mid-sized companies that fairly high returns over time Moderately high risk because of changes in sound, mid-sized companies whose trade at a substantial discount to the based on changes in stock the market value of stocks in the fund stock is believed to be undervalued private market value of the company values and stock dividends Provides capital appreciation from mid-sized companies that are Stocks of mid-sized companies that fairly high returns over time Higher risk because of changes in market believed to grow their earnings are growing very rapidly based on changes in stock value of stocks in the fund rapidly values Stocks of small companies whose stock price to asset value per share is High risk because of changes in market value stocks of smaller companies low when compared to other small of stocks in the fund believed to be undervalued companies Stock of small companies that have High risk because of changes in market value small companies believed to have the ability to grow their earnings of stocks in the fund rapid growth potential rapidly Stocks in large and mid-sized High risk because of changes in market value stocks of companies based outside companies based outside the United of stocks in the fund and changes in the the United States that are believed States. At least 80% of the fund is value of foreign currencies and political to be undervalued invested in developed countries changes Stock of large and mid-sized High risk because of changes in market value stocks of companies based outside companies based outside the United of stocks in the fund and changes in the of the United States that are States that have the potential to value of foreign currencies and political believed to have potential for grow their earnings rapidly changes rapid growth Your Retirement PLUS Plan Handbook... Key points in understanding this generous benefit: RETIREMENT PLUS PLAN This qualified retirement plan is fully funded by your employer Your employer contributes a percentage of your compensation each pay period (this percentage may change annually) Your Retirement PLUS Plan Handbook... Deseret Mutual s Retirement PLUS Plan, an employer profit-sharing plan, is designed to provide a monthly benefit amount to you over your lifetime. It s designed to work hand in hand with other programs like employer-sponsored retirement programs, Social Security benefits, and your personal savings. This qualified retirement plan is 100% funded by your employer. This section of your Benefits Handbook outlines the major provisions of Deseret Mutual s Retirement PLUS Plan as of January 1, 2015. This document also serves as your summary plan description, or SPD. Eligibility & Enrollment Eligibility and Enrollment You re eligible to participate in the Retirement PLUS Plan (RPP) if you meet all of the following requirements: You re employed by a participating employer You re 21 or older You re in an included class of employment as defined by your employer You re regularly scheduled to work at least 1,000 hours a year or you have worked 1,000 hours in your anniversary year or in any calendar year. After you meet this requirement, you re eligible unless you re moved to an excluded class of employment, as defined by your participating employer As long as you meet all eligibility requirements, you re automatically in the Retirement PLUS Plan. Factors that Affect Your RPP Benefit EMPLOYER S CONTRIBUTION Your employer funds 100% of the Retirement PLUS Plan. Their contribution is determined annually and can range from 1% to 6% of your eligible compensation. Note: Because the employer funds 100% of this plan, you cannot roll over any account balances into your Retirement PLUS Plan account. ELIGIBLE COMPENSATION Retirement PLUS Plan Factors That Affect Your RPP Benefit Your eligible compensation is based on your W-2 earnings pay period, including any contributions to your 401(k) Thrift Plan or other employer-sponsored benefit plans. The maximum eligible compensation for 2015 is $115,000. INVESTMENT ALLOCATION & OPTIONS 2015 PAGE 1 Your employer contributions are invested in the long-term preset mix unless you elect otherwise. Available options for the plan include the short-term, intermediate-term, long-term, and stockonly preset mixes. See Preset Mixes on page 2. VESTING CREDIT To be vested means you own your benefit. Your employer contributions will be 100% vested after three years of service. Before that, you re not vested at all. Vesting credit is your employment as an eligible employee that isn t forfeited by a break in service (see Forfeiture Rule and Re-employment below and Break in Service on page 2). You earn vesting credit when you re: Retirement PLUS Plan Market * of lower income from falling interest rates * Short-term Bond Intermediate-term Bond working for a participating employer 21 years old or on your hire date Inflation-protected Bond Index in either an included or excluded class of employment or an employer-approved leave of absence, which follows plan guidelines and regulations (see Interruption in Service on page 2) Vesting credit begins the first day of the month following your hire date, unless you were hired on the first day of the month, in which case it begins on that day. High-yield Bond High-yield Stock Large-company Stock Index FORFEITURE RULE & RE-EMPLOYMENT If you end employment before being vested, you will forfeit your account. But if you return to work within five years with a participating employer, then your former account will be reinstated at the end of the month following the month that you are re-employed. Interruption in service and break in service rules apply. Mid-company Value Stock Mid-company Growth Stock Small-company Value Stock Small-company Growth Stock International Value Stock RPPSTD certain time schedules. You may also file suit in a state or federal court. Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request materials from Deseret Mutual and do not receive them within 30 days, you may file suit in a federal court. In such a case, the court may require Deseret Mutual to provide the materials and pay you up to $110 a day until you receive the materials, unless the materials were not sent because of reasons beyond the control of Deseret Mutual. In addition, if you disagree with the plan s decision or lack thereof concerning the qualified status of a domestic relations order, you may file suit in federal court. If it should happen that Deseret Mutual fiduciaries misuse the plan s money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in federal court. The court will decide who should pay court costs and legal fees. If you re successful, the court may order the person you have sued to pay these legal fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim is frivolous. ASSISTANCE WITH YOUR QUESTIONS If you have any questions about the Retirement PLUS Plan, contact Deseret Mutual. If you have any questions about this statement or about your rights under ERISA, or if you need assistance in obtaining documents from Deseret Mutual, you should contact the nearest office of the Pension and Welfare Benefits Administration, U.S. Department of Labor, listed in your telephone directory or the Division of Technical Assistance and Inquiries, Pension and Welfare Benefits Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the publications hotline of the Pension and Welfare Benefits Administration. YOUR RESPONSIBILITIES You re responsible for providing Deseret Mutual with information that is to the best of your knowledge both truthful and accurate. If you willfully and knowingly provide untruthful or inaccurate information, benefits will be determined according to the true facts, and disciplinary action may be taken. Plan Plan Administration Fees Fees While this is not current policy, each participant s Retirement PLUS Plan account could at some time in the future be 2015 PAGE 11 charged a quarterly account fee to cover expenses such as the voice response system, customer service, plan communications, quarterly statements, and other record keeping services. This quarterly account fee will be shared between your employer and you. The amount of the fee may be adjusted periodically based on the actual costs incurred. INVESTMENT FEES For additional information about fees charged on specific funds, see the specific fund prospectus. TRANSACTION-BASED FEES Transaction-based fees are fees for optional services offered to you by the plan. At this time, optional services requiring these fees are not available with this plan. Conflict of Interest Department of Labor (DOL) regulations require Deseret Mutual to have you certify there is no conflict of interest for a withdrawal. A conflict of interest occurs when an independent investment advisor, who has been paid for advising you in investing your assets in the Deseret Mutual savings plans, advises you to withdraw funds from the Deseret Mutual plans and then manages those funds outside of our plans. Assignment Your rights as a participant in the Retirement PLUS Plan may not be assigned, or transferred to another person. This means your benefit may not be used as collateral for loans or assigned to creditors. Plan Information Retirement PLUS Plan Plan Name: Deseret Mutual Retirement PLUS Plan Plan Sponsor: Deseret Mutual Benefit Administrators Plan Administrator: Deseret Mutual Benefit Administrators Agent for Legal Process Scott Eastmond If you re married, your legal spouse is your automatic beneficiary International Growth Stock * Please be aware that the money market fund is neither insured nor guaranteed by the FDIC or any other government agency. Although this fund seeks to preserve the net asset value of $1.00 per share, it s possible to lose money by investing in this type of fund. Note: The investment options include expenses for investment management and administration, and may impose fees or restrictions. For more information about investment objectives, risks, expenses, fees, and so on, please see the funds prospectus. All investors should consider investment objectives, risks, charges, and expenses carefully before investing. So read the prospectus carefully before you invest. (You may contact Deseret Mutual to get a copy of the prospectus.) 2015 PAGE 5 RPPSTD RPPSTD Retirement PLUS Plan Table of Contents Eligibility & Enrollment.............................. 1 Contributions to Your Account.......................... 1 Beneficiaries....................................... 1 Married Participants............................. 1 Trusts........................................ 2 Investment Options.................................. 2 Investment Education and Risk......................... 4 Changing Your Investment Direction..................... 4 Employment Status Changes........................... 4 Tax Considerations.................................. 5 Retirement After Employment Ends..................... 6 Required Minimum Distribution.................... 6 Payment Options................................... 6 Automatic Payment Option (Default)................. 6 Lump Sum Payments............................. 6 Installment Payment Options....................... 7 Divorce & QDROs.................................. 7 Divorce....................................... 7 Orders....................................... 7 Procedures..................................... 8 Application for Payments.............................. 8 Planning Tools..................................... 8 Fiduciary Duties.................................... 8 Participant s Rights.................................. 8 Right to Information.............................. 8 Prudent Actions by Plan Fiduciaries.................. 9 Enforcing Your Rights............................ 9 Assistance with Your Questions...................... 9 Your Responsibilities............................. 9 Plan Administration Fees............................. 9 Investment Fees................................. 9 Transaction-based Fees............................ 9 Assignment........................................ 9 Plan Information.................................. 10 Notification of Discretionary Authority / Appeals........... 10 Notification of Benefit Changes........................ 10 2015 TABLE OF CONTENTS

Your Retirement PLUS Plan Handbook... Deseret Mutual s Retirement PLUS Plan is a qualified retirement plan designed to help you prepare for your future retirement. Your employer contributes a percentage of your compensation to your account each pay period. The Retirement PLUS Plan is designed to work hand in hand with other programs like employer-sponsored retirement programs, Social Security benefits, and your personal savings. This qualified retirement plan is 100% funded by your employer. This section of your Benefits Handbook outlines the major provisions of Deseret Mutual s Retirement PLUS Plan as of August 1, 2015. This document also serves as your summary plan description, or SPD. Retirement PLUS Plan Eligibility & & Enrollment You re eligible to participate in the Retirement PLUS Plan (RPP) if you meet all of the following requirements: You re employed by a participating employer You re 21 or older You re in an included class of employment as defined by your employer You re regularly scheduled to work at least 1,000 hours a year or you have worked 1,000 hours in your anniversary year or in any calendar year. After you meet this requirement, you re eligible unless you re moved to an excluded class of employment, as defined by your participating employer As long as you meet all eligibility requirements, you re automatically enrolled in the Retirement PLUS Plan and an account is established in your name. Contributions to Your to Your Account Account Your employer makes contributions to your Retirement PLUS Plan account at the end of each payroll period. These employer contributions are equal to a percentage of your compensation. The compensation used to calculate the employer contribution is based on your W-2 earnings for the payroll period, including any contributions to your 401(k) Plan or other employer-sponsored benefit plans. Your employer elects a contribution percentage between 0% and 10% each year, and this amount is subject to change annually. You are immediately 100% vested in the employer contributions to your account. This means the money in your account belongs to you. Beneficiaries By default, your designated beneficiary will be your legal spouse if you re married, or your estate if you re single. But you may change this beneficiary at any time. It is your responsibility to submit valid and up-to-date primary and alternate beneficiary(ies) so if you die, your benefit is paid according to your wishes. Please regularly verify that your beneficiary(ies) designations with Deseret Mutual are current. For your beneficiary(ies), you can name: your current spouse any other person or persons a trust (some limitations apply) any entities, such as a charitable organization But you cannot name your employer or your estate as your primary or alternate beneficiary(ies). If you designated multiple beneficiaries and a primary beneficiary dies before you do and you don t designate a new beneficiary, the benefit payment for the predeceased primary beneficiary is equally distributed among the remaining living primary beneficiary(ies). The same applies to predeceased alternate beneficiary(ies) if no primary beneficiaries exist. You can name or change your beneficiary(ies) by going to Deseret Mutual s website or you can complete and submit a Beneficiary Form to Deseret Mutual. These are the only ways your beneficiary(ies) designations will be valid with Deseret Mutual. MARRIED PARTICIPANTS Married participants must meet additional requirements. If you choose to name a primary beneficiary(ies) other than, or in addition to, your spouse, including a trust, we need your spouse s 2015 PAGE 1

written, notarized consent. You and your spouse must sign the Waiver Election form. If you have a balance in your account when you reach age 35, you and your spouse had previously signed a Waiver Election form, selected a different beneficiary(ies), and want the waiver to be in force, then law requires you to resubmit the Waiver Election form. If your marital status changes, your previous beneficiary(ies) selection may become invalid. TRuSTS If you name a trust as your primary beneficiary, Deseret Mutual needs a completed copy of the trust document at your death. If you change your trust, check to make sure your beneficiary(ies) designations are still valid. Investment Options Options As a participant in the Retirement PLUS Plan, you are responsible for selecting how your employer contributions are invested. You have five preset mix investment options from which to choose that provide diversified mixes of cash, bonds, and stocks. The preset mixes are designed to match your individual risk tolerance and your general investment horizon, which is the time your money is expected to be invested before it is needed as income during retirement. Investment professionals select and monitor these preset mixes. See the Preset Mixes table below for more information about the preset mix investment options. If you do not select an investment option, your account will be automatically invested in the Long-term Preset Mix, the plan s Qualified Default Investment Alternative. You always have the right to choose how your money is invested and we encourage you to review the preset mix investment options and make your own investment selection. Some funds outperform others and these funds then make up a larger percentage of your total account. For your convenience, the preset mixes are rebalanced set to the original investment mix at the end of each quarter. Rebalancing brings your account back to the original investment option percentages so your account stays diversified and balanced. The preset mixes are built from underlying individual funds. The general categories, or asset classes, of the underlying funds are shown in the Investment Comparison Table on page 3 along with information about each underlying fund s objectives, primary investments, potential rewards and risk factors. Deseret Mutual reviews the asset classes and investment options so they are subject to change. The investment options available in the Retirement PLUS Plan include mutual funds and collective investment trusts. Asset Classes of Investment Options Current Income (0 to 15 years) Preset Mixes Short Term (0 to 4 years) Intermediate Term (5 to 11 years) Long Term (12+ years) Qualified Default Investment Alternative Stock Only (12+ years) Money Market 10% Short-term Bond 15% 15% 10% Intermediate-term Bond 20% 20% 15% 12% Inflation-protected Bond 10% 10% 5% 3% High-yield Bond 30% 15% 10% 5% High-yield Stock 25% 5% 8% 11% 15% Large-company Stock Index 8% 15% 20% 26% Large-company Fundamental Stock Index 3% 7% 9% 11% Mid-company Value Stock 2% 5% 6% 7% Mid-company Growth Stock 2% 5% 6% 7% Small-company Value Stock 1% 2% 2% Small-company Growth Stock 1% 2% 2% International Value Stock 5% 9% 12% 15% International Growth Stock 5% 9% 12% 15% 100% 100% 100% 100% 100% 2015 PAGE 2

Table Retirement PLUS Plan Categories Objectives Primary Investments Potential Rewards Risk Factors Money Market* Short-term Bond Intermediate-term Bond Inflation-protected Bond Index High-yield Bond High-yield Stock Large-company Stock Index Large-company Fundamental Stock Index (Collective Investment Trust) Mid-company Value Stock (Collective Investment Trust) Mid-company Growth Stock Small-company Value Stock Small-company Growth Stock International Value Stock International Growth Stock Provide current income consistent with the preservation of capital and liquidity. Provide a stable share price Provide a higher rate of return than the Money Market Fund with only modest changes in the value of the principal Provide total return with consistent preservation of capital and prudent investment management Provide a long-term rate of return that outpaces inflation Provide a higher yield and higher long-term rate of return than investment grade bonds by investing in bonds issued by lower rated entities Provide a high level of long-term returns with a significant portion of the return coming from dividend distributions Match the investment performance of Standard & Poor s 500 Stock Index large companies by ranking and weighing investments by fundamental measures of size rather than by market capitalization sound, mid-sized companies whose stock is believed to be undervalued mid-sized companies that are believed to grow their earnings rapidly stocks of smaller companies believed to be undervalued small companies believed to have rapid growth potential stocks of companies based outside the U.S. that are believed to be undervalued stocks of companies based outside of the U.S. that are believed to have potential for rapid growth Short-term U.S. government, agency, and corporate obligations with an average maturity of 90 days or less Investment grade bonds of major corporations with a maturity of between one and three years U.S. government securities, corporate bonds, mortgage or asset-backed securities. Many use derivative instruments for hedging purposes or as part of investment strategy. Average maturity of 3 to 10 years Treasury inflation-protected securities with average maturity of 7 to 20 years A diversified portfolio of high-yield bonds, debt securities, and other similar instruments issued by various U.S., non-u.s., public, or private sector entities A concentrated portfolio of energy and energy infrastructure companies and master limited partnerships (MLPs), combined with 20% to 30% fixed income securities of energy and energy infrastructure companies Equities included in Standard & Poor s Stock Index. Includes stocks from most of the larger corporations in the United States Stocks of large U.S. companies using fundamental index methodology Stocks in mid-sized companies that trade at a substantial discount to the private market value of the company Stocks of mid-sized companies that are growing very rapidly Stocks of small companies whose stock price to asset value per share is low when compared to other small companies Stock of small companies that have the ability to grow their earnings rapidly Stocks in large and mid-sized companies based outside the U.S. At least 80% of the fund is invested in developed countries Stock of large and mid-sized companies based outside the U.S. that have the potential to grow their earnings rapidly Capital preservation and low returns from very shortterm money market securities Principal preservation and fairly low returns from short-term debt securities Moderate returns over time based on interest payments, sales of debt securities, and changes on bond values Protection against inflation Higher income returns and potentially higher long-term rates of return than other fixed-income type investments High dividend distribution with some capital appreciation Moderate to high returns over time based on changes in stock values and stock dividends Moderate to high returns over time based on changes in stock values and stock dividends fairly high returns over time based on changes in stock values and stock dividends fairly high returns over time based on changes in stock values Very low risk. Any risk is primarily because of lower income from falling interest rates* Low risk. Moderate fluctuation in value of investments. Any risk is primarily because of lower income from falling interest rates* Low risk because of changes in interest rates (bond values and interest rates generally move in opposite directions) Low risk because of changes in interest rates and inflation. When inflation is decreasing, fund will typically underperform U.S. Treasuries of similar maturity Moderate risk. Lower-rated bonds tend to be significantly more volatile than investment-grade bonds and have a greater degree of default risk Moderate risk. While they have a higher dividend return than most stock market sectors, the underlying securities market values do fluctuate over time Moderately high risk because of changes in the market value of stocks in the fund Moderately high risk because of changes in the market value of stocks in the fund Moderately high risk because of changes in the market value of stocks in the fund High risk because of changes in the market value of stocks in the fund High risk because of changes in market value of stocks in the fund High risk because of changes in market value of stocks in the fund High risk because of changes in market value of stocks in the fund and changes in the value of foreign currencies and political changes High risk because of changes in market value of stocks in the fund and changes in the value of foreign currencies and political changes * Please be aware that the money market fund is neither insured nor guaranteed by the FDIC or any other government agency. Although this fund seeks to preserve the net asset value of $1.00 per share, it s possible to lose money by investing in this type of fund. Note: The investment options include expenses for investment management and administration, and may impose fees or restrictions. For more information about investment objectives, risks, expenses, fees, and so on, please see the funds prospectus. All investors should consider investment objectives, risks, charges, and expenses carefully before investing, so read the prospectus carefully before you invest. (You may contact Deseret Mutual to get a copy of the prospectus.) 2015 PAGE 3

Collective investment trusts are similar to mutual funds, but are privately held trusts with different regulatory requirements. More information about collective investment trusts is available on the Retirement tab at www.dmba.com. Investment Education and and Risk Risk The decision about how to invest your employer contributions is your own. Each person s financial situation and objectives vary. Deseret Mutual can help you to understand some basic principles of saving and investing. Deseret Mutual Financial Planners: Your employer, through Deseret Mutual, provides financial planners who offer workshops and individual consultations at no charge to you. These planners are available to offer general, objective, financial counsel to help you plan for your future. They can help you to clarify goals, gather information, analyze your situation, develop solutions, and take action, but they don t provide specific investment advice. Investment Ownership: Each fund in each preset mix carries its own objective and degree of risk. We cannot ensure that the investment objective of any fund is achieved. Please be aware that neither Deseret Mutual, our financial planners, the fund managers, nor your employer can guarantee the value of the contributions and/or earnings in any of the funds in the preset mixes. You must make all personal decisions about your Retirement PLUS Plan account including the preset mix you want to use. Changing Your Your Investment Direction There may be times when you want to change the preset mix in which your account balance is currently invested. To change your preset mix, go to Deseret Mutual s website and select the Retirement tab. Or call Deseret Mutual and speak to someone on the Savings Services Team. An investment change is permitted every 15 days. Simply call Deseret Mutual or visit our website. All transactions occur at the close of business of the New York Stock Exchange, which is usually 2 p.m. Mountain Time. All funds are valued then, at the end of the trading day. Changes confirmed before 2 p.m. are effective that business day. Changes confirmed after 2 p.m. Mountain Time, or on weekends or holidays, are effective the next business day. Please be advised that circumstances beyond our control at Deseret Mutual can occur at any time and could delay your change request. Access to electronic services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. Deseret Mutual cannot be responsible for these delays. Employment Status Status Changes Changes Your account may be affected by employment changes such as transferring to another participating employer, terminating employment, becoming disabled, or moving to an excluded class of employment. The following are some examples of these status changes and how they may impact your retirement benefit. TERMINATING YOuR EMPLOYMENT If you end employment for any reason, including retirement, you can: leave your account open. You can make withdrawals and current balance transfers, based on plan guidelines choose a payment option, if eligible (see Payment Options on page 6) close your account and do one of the following: receive a lump sum payment (see Lump Sum Payments on page 6) Have the eligible portion of your account balance sent as a direct rollover to a qualified plan, such as the Thrift Plan, or an IRA of your choice (see Tax Considerations on page 5 and Lump Sum Payments on page 6) MANDATORY DISTRIBuTIONS If you terminate employment and your Retirement PLUS Plan account balance is less than $5,000, the plan s mandatory distribution provisions will apply unless you make a distribution or rollover election. You ll be given the option to roll over your account balance to an eligible retirement plan or IRA of your choice before the mandatory distribution occurs, so please be sure to respond and take control of your account. If your account balance is less than $1,000, your total account balance will be automatically distributed to you by check unless you tell us to roll the account balance to another eligible retirement plan or IRA and will be subject to tax withholdings and possible penalties. If your account balance is equal to or greater than $1,000 but less than $5,000, your total account balance will be automatically distributed from the Retirement PLUS Plan and will be rolled over to an IRA selected by Deseret Mutual unless you tell us to roll the account balance to another eligible retirement plan or IRA. If your account balance is rolled over to an IRA, you won t be subject to tax withholding or possible penalties. But there are fees associated with an IRA and these fees will be deducted directly from your account. Additionally, your new IRA will be automatically invested in an investment product that is designed to minimize risk, preserve your assets for retirement and maintain liquidity until you take control of your IRA and provide investment direction. 2015 PAGE 4

MOVING TO AN ExCLuDED CLASS OF EMPLOYMENT If you change from a position that allows you to participate in the Retirement PLUS Plan to one that does not (an excluded class of employment), you won t receive any employer contributions but your account balance will remain in the plan and is still subject to market gains and losses. You may continue to make investment changes according to plan guidelines. DECREASING YOuR HOuRS If you reduce your hours, the amount of your employer contribution may be impacted because you may earn a lower salary. TRANSFERING YOuR EMPLOYMENT If you transfer employment from one participating employer to another, usually the status of your account isn t affected. If you are eligible to participate in the Retirement PLUS Plan with your new employer, you will continue to receive employer contributions to your account although the employer contribution percentage may change. If you re not eligible to participate with your new employer, your account will remain in the Retirement PLUS Plan. It is still subject to market gains or losses. RECEIVING DISABILITY PLAN BENEFITS If you become disabled and don t receive any income from a participating employer, you won t receive any employer contributions to your Retirement PLUS Plan account. If you re permanently disabled you may be able to: leave your account open close your account and do one of the following: receive a lump sum payment request the eligible portion of your account balance be sent as a direct rollover from Deseret Mutual to a qualified retirement account, such as the Thrift Plan, or an IRA of your choice (see Tax Considerations in the next column) TAKING AN EMPLOYER-APPROVED LEAVE OF ABSENCE An employer-approved leave of absence is a leave authorized by your employer in which you continue to participate in the Retirement PLUS Plan. Examples include maternity/paternity leave, Family Medical Leave Act (FMLA) leave, ministerial service, and military service. If you do not receive any income from a participating employer, you won t receive any employer contributions to your Retirement PLUS Plan account while you are on a leave of absence. uniformed SERVICE EMPLOYMENT AND RE-EMPLOYMENT RIGHTS ACT (userra) If you re on active duty in the military and return to work within three months of discharge, resignation, or release from the armed services, then USERRA gives you special rights. Tax Considerations This information on tax considerations is intended as a summary only. Federal tax laws are complex and subject to change. To help explain tax considerations, the federal government has issued a Special Tax Notice Regarding Plan Payments that includes more information. This notice is available on Deseret Mutual s website. Or before you make decisions about receiving your benefit, you may want to consult a qualified tax advisor. Deseret Mutual representatives aren t tax advisors. Because your employer fully funds the Retirement PLUS Plan, your benefit payment is taxed as you receive payments from the plan. Each January, Deseret Mutual will send you an IRS Form 1099R indicating the taxable amount of the plan benefit payments you received for the previous year. Please note that to avoid being taxed on a withdrawal that can be rolled over, you must roll over any payment from a qualified retirement plan to another qualified retirement plan or IRA within 60 days of receipt of your payment. You may want to request a direct rollover to avoid tax complications. LuMP SuM PAYMENTS & 20% FEDERAL TAx WITHHOLDING REquIREMENT A lump sum payment will be subject to an IRS mandatory 20% withholding for federal income tax, so unless you have Deseret Mutual do a direct rollover of your lump sum into another qualified plan, such as your Thrift Plan account or an IRA, we withhold 20% of your payment and send it to the IRS. This amount is credited to you when you file your tax return for the calendar year. The date of your check determines the calendar year in which the payment is taxable. LuMP SuM PAYMENTS & ADDITIONAL 10% TAx An additional 10% federal tax (an early withdrawal penalty) may apply to a lump sum payment. This tax is in addition to the regular income tax you pay on your benefit. If you end employment before the calendar year in which you reach age 55 and you receive a lump sum before you reach age 59½, the additional 10% tax may apply. Exceptions to this 10% tax include participants older than 59½, surviving spouses, beneficiaries, people with certain disability 2015 PAGE 5

statuses, or retirees. If you end employment during the calendar year in which you reach 55 or older, the additional 10% tax doesn t apply to your lump sum, even if you receive the payment when younger than 59½. LuMP SuM PAYMENTS & INCOME AVERAGING Income averaging may be available for participants born before January 1, 1936. A lump sum may qualify for income averaging. The rules are complex. Deseret Mutual encourages you to seek the advice of a qualified tax advisor before you decide how to receive your benefit. INSTALLMENT PAYMENT TAxATION You cannot roll over an installment payment if the payments are to last over your lifetime, the lifetime of you and your beneficiary, or a period of 10 years or more. STATE INCOME TAx You may choose whether or not you want state taxes withheld, unless you live in a state with mandatory withholding. TAxES ON PAYMENTS TO BENEFICIARIES If your benefit is paid to your beneficiary(ies), either a spouse or an alternate payee (see Divorce & QDROs on page 7), the beneficiary(ies) is responsible for paying the taxes when they receive the benefit payments. ESTATE TAxES Payments may be subject to federal estate taxes. OTHER TAxES Other taxes, such as required U.S. territorial or foreign country taxes, may be applicable. Retirement After After Employment Ends Ends For the Retirement PLUS Plan, going to part-time, temporary, or on-call status with your employer doesn t constitute ending employment. When you do end employment with all participating employers, remember you can leave your account alone. You don t need to close your account, and you don t have to take money from your account until a minimum distribution is required. However, the plan s mandatory distribution provisions may apply if your account balance is less than $5,000 (see Mandatory Distributions on page 4). You may elect to begin receiving benefit payments at any time if you become permanently disabled or after you end employment if you re at least age 60. When you end employment, if your account balance is: less than $5,000, the plan s mandatory distribution provisions apply and you will receive your benefit as a lump sum. See Mandatory Distributions on page 4. If your account balance is $5,000 or more, you may elect to take a lump sum payment at any time after your employment ends. See Lump Sum Payments below. Or, you may keep your money in the plan and select an installment payment option (see Installment Payment Options on page 7). REquIRED MINIMuM DISTRIBuTION A required minimum distribution is an annual payment to you from your Retirement PLUS Plan account balance that s required by federal law. It must be paid to you by your required beginning date, which is the later of: April 1 of the year following the calendar year in which you reach age 70½ April 1 of the year following the calendar year in which you end employment with all participating employers You may defer receiving benefit payments from the Retirement PLUS Plan until your required beginning date. At that time, you must select a permanent payment option or close your account. Required minimum distributions aren t eligible for rollover. Payment Options AuTOMATIC PAYMENT OPTION (DEFAuLT) If you have ended employment with a participating employer and haven t selected a payment option by your required beginning date, Deseret Mutual will automatically pay your benefit payments. If you have at least $5,000 in your account, your account balance will be paid to you as a monthly installment payment. After the automatic payment option begins, you cannot change it to another payment option. So it is important to choose a payment option by your required beginning date. LuMP SuM PAYMENTS Remember, at your termination of employment, death, or retirement, your account will automatically be distributed to you in a lump sum if your account balance is less than $5,000. See Mandatory Distributions on page 4. If your account balance is 2015 PAGE 6

$5,000 or more, you may elect to roll it over to an Individual Retirement Account (IRA) or another qualified plan, such as the Thrift Plan, or receive a lump sum payment. (Note that rollovers may be limited by federal regulations.) A lump sum is subject to a mandatory 20% withholding for federal income taxes unless you roll it directly into a qualified retirement account, such as the Thrift Plan, or an IRA. You may have a 10% additional tax. (See Tax Considerations on page 5.) INSTALLMENT PAYMENT OPTIONS When you retire, your account balance will be paid to you in installment payments over your life expectancy (or the joint life expectancies of you and your spouse if you re married). You may receive your plan account balance in monthly or annual installment payments. You re eligible for an installment payment option if you have: ended employment at least $5,000 in your plan account If the maximum number of years you can receive payments is limited by IRS regulations to less than 10 years, the mandatory federal 20% withholding will apply to your payments. (See Lump Sum Payments & 20% Federal Tax Withholding Requirement on page 5) You can change your preset mix according to the plan guidelines (see Changing Your Investment Direction on page 6). While you re receiving payments, your remaining balance generates investment earnings or losses, even though you re no longer making contributions to your account. Your balance will be paid pro-rata, meaning the payments will be taken proportionately from all investment funds in your account Prorata Method: Payments are taken proportionately from all investment funds in your account The monthly and the annual installment payment options differ from each other: Monthly Installment Payment Option: This option provides monthly payments for an identified number of years. At any time you can change the period over which you have chosen to receive payments. To do so, make the request in writing to receive approval from Deseret Mutual If you re required to receive a minimum payment (see Required Minimum Distribution on page 6), you may receive an extra payment at the end of the year to meet that requirement if your monthly payments during the year are less than the required payment Annual Installment Payment Option: This option provides annual payments for an identified number of years. This payment could be the required minimum distribution amount (see Required Minimum Distribution on page 6) The annual payment is paid in December of each calendar year This option allows you to keep the balance in your account fully invested during the calendar year You can specify the number of whole years for which you want to receive payments, within the guidelines of the federal regulations beneficiary(ies), including your trust, your beneficiary(ies) is responsible for paying all taxes when the money is withdrawn. The minimum number of years is 15, unless IRS regulations require a longer or shorter payment period. For example, if your life expectancy(ies) is significantly shorter, the absolute minimum is two years. The maximum number of years you can receive payments is limited by IRS regulations according to your life expectancy(ies). It depends on your spouse s and your ages. Deseret Mutual can calculate the maximum number of years for each situation. Divorce & qdros Deseret Mutual pays the benefit according to the provisions of a divorce decree or Qualified Domestic Relations Order (QDRO), as applicable. DIVORCE If you divorce after beginning employment with a participating employer, you must provide Deseret Mutual with the following documentation: A copy of the divorce decree. This includes the court seal and signature certifying the decree s completeness and authenticity. If the document is missing pages or information, it isn t court-certified Court-certified copies of any settlements, agreements, exhibits, or attachments that are part of the divorce decree ORDERS A Domestic Relations Order (DRO) includes any judgment, decree, or order made according to state domestic relations laws pertaining to child support, alimony, or marital property rights awarded to an alternate payee (such as a spouse, former spouse, child, or another dependent). 2015 PAGE 7

Deseret Mutual pays benefits to an alternate payee according to the provisions of a QDRO. A QDRO is a DRO that has been qualified by Deseret Mutual according to Deseret Mutual plan guidelines and that creates an alternate payee s right to receive all or a portion of the payable retirement benefit. A QDRO can t provide a benefit that isn t available under the plan. PROCEDuRES Federal law requires Deseret Mutual to follow established procedures to determine when a DRO is qualified and how benefits are distributed. Before submitting a QDRO to a judge, you may send us a draft to determine if it meets the terms of the plan. This saves time and helps lower your court costs for repeated filings (you re responsible for all costs required to obtain a QDRO). Then Deseret Mutual must receive a court-certified QDRO that meets all of the plan requirements before we can provide the benefit. If you have a pending divorce and are an active participant ready to begin receiving your retirement benefit, then Deseret Mutual won t be able to process your benefit until the alternate payee s rights are determined. If you have begun receiving your benefit and a portion has been awarded to an alternate payee, then your account will be frozen until Deseret Mutual receives a QDRO. Fiduciary Duties The Retirement PLUS Plan qualifies under Section 401(a) of the Internal Revenue Code. It complies with section 404(c) of the Employee Retirement Income Security Act (ERISA), permitting you to make independent investment decisions about the investment of assets in your account. This means that Deseret Mutual is not responsible for any losses which are the direct and necessary result of your investment instructions. The Retirement PLUS Plan is administered according to ERISA and in accordance with its plan document. It is for the exclusive purpose of providing benefits to participants at reasonable administrative expenses. Deseret Mutual and its employees use the care, skill, prudence, and diligence required under the circumstances in administering the Retirement PLUS Plan. Best efforts are used to select and monitor appropriate investments and investment managers and to take all other action necessary to fulfill our fiduciary duties as prescribed by ERISA. Participant s Rights As a participant in the Plan, you are entitled to certain rights and protections under ERISA. Application for for Payments To apply for benefit payment(s), contact the Deseret Mutual Savings Services Team. Planning Tools Tools Deseret Mutual provides a number of tools to help you with your investing and retirement planning, such as online tools and financial planners. To see your personalized information, visit Deseret Mutual s website and log in. You ll need your Deseret Mutual ID number. After you log in, select the Retirement tab. You can access a wealth of personal and benefit information and financial calculators from this Retirement page. Your employer, through Deseret Mutual, offers financial planners who provide workshops and consultations at no charge to you. Contact our financial planning group at finplanning@dmba.com, 1-801-578-5627, or 1-800-777-3622, ext. 5627. RIGHT TO INFORMATION ERISA provides that as a Retirement PLUS Plan participant, you re entitled to: a) Examine, without charge, at Deseret Mutual s office and other specified locations, all plan documents, including insurance contracts and a copy of the latest annual report (Form 5500 Series) filed by the plan with the U.S. Department of Labor and available at the Public Disclosure Room of the Pension and Welfare Benefits Administration. b) Obtain copies of all plan documents and other plan information upon written request to Deseret Mutual. Deseret Mutual may impose a reasonable charge for the copies. Unlike the joint and survivor annuity payment options, the QJSA doesn t have a 10-year term certain. The payments stop when both you and your joint annuitant die. c) Receive a summary of the plan s annual financial report. Deseret Mutual is required to furnish each participant with a copy of this summary annual report. d) Obtain a statement telling you the total amount you have in your plan account and the amount you would have a right to receive if you stop working under the plan now. If you do not have a present right to any amount in your plan 2015 PAGE 8

account, the statement will tell you how many more years you have to work to get a non-forfeitable right in your account. This statement must be requested in writing and is not required to be given more than once a year. Deseret Mutual must provide the statement free of charge. PRuDENT ACTIONS BY PLAN FIDuCIARIES In addition to creating rights for plan participants, ERISA imposes duties upon the people who are responsible for the operation of the plan. The people who operate the Retirement PLUS Plan, called fiduciaries, have a duty to do so prudently and in the interest of you and other participants and beneficiaries. No one, including your employer or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a plan benefit or exercising your rights under ERISA. ENFORCING YOuR RIGHTS If your claim for a Retirement PLUS Plan benefit is denied or ignored, in whole or in part, you have a right to know why this was done, to obtain copies of documents, without a charge, relating to the decision, and to appeal any denial, all within certain time schedules. You may also file suit in a state or federal court. Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request materials from Deseret Mutual and do not receive them within 30 days, you may file suit in a federal court. In such a case, the court may require Deseret Mutual to provide the materials and pay you up to $110 a day until you receive the materials, unless the materials were not sent because of reasons beyond the control of Deseret Mutual. In addition, if you disagree with the plan s decision or lack thereof concerning the qualified status of a domestic relations order, you may file suit in federal court. If it should happen that Deseret Mutual fiduciaries misuse the plan s money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in federal court. The court will decide who should pay court costs and legal fees. If you re successful, the court may order the person you have sued to pay these legal fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim is frivolous. ASSISTANCE WITH YOuR questions If you have any questions about the Retirement PLUS Plan, contact Deseret Mutual. If you have any questions about this statement or about your rights under ERISA, or if you need assistance in obtaining documents from Deseret Mutual, you should contact the nearest office of the Pension and Welfare Benefits Administration, U.S. Department of Labor, listed in your telephone directory or the Division of Technical Assistance and Inquiries, Pension and Welfare Benefits Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the publications hotline of the Pension and Welfare Benefits Administration. YOuR RESPONSIBILITIES You re responsible for providing Deseret Mutual with information that is to the best of your knowledge both truthful and accurate. If you willfully and knowingly provide untruthful or inaccurate information, benefits will be determined according to the true facts, and disciplinary action may be taken. Plan Administration Fees Each participant s Retirement PLUS Plan is charged a quarterly account fee to cover expenses such as customer service, plan communications, quarterly statements, and other recordkeeping services. Empower Retirement (formerly Great-West Financial), our plan recordkeeper, will deduct a basic annual fee of $20 a calendar year from every plan account ($5 deducted per quarter per plan). The fee amount may be adjusted periodically based on actual costs incurred. INVESTMENT FEES For additional information about fees charged on specific funds, see the specific fund prospectus and the fee and investment notice available under the Retirement tab online at www.dmba.com. TRANSACTION-BASED FEES Transaction-based fees are fees for optional services offered to you by the plan. At this time, optional services requiring these fees are not available with this plan. Assignment Your rights as a participant in the Retirement PLUS Plan may not be assigned, or transferred to another person. This means your benefit may not be used as collateral for loans or assigned to creditors. 2015 PAGE 9

Plan Plan Information Plan Name: Plan Sponsor: Plan Administrator: Deseret Mutual Retirement PLUS Plan Deseret Mutual Benefit Administrators Deseret Mutual Benefit Administrators Agent for Legal Process Scott Eastmond Identification Number: 87-0440163 Plan Number: 004 Type of Plan: Defined contribution profit-sharing plan Type of Administration: Benefits provided by the plan are NOT insured by the Pension Benefit Guaranty Corporation (PBGC) under Title IV of the Employee Retirement Income Security Act (ERISA) because the insurance provisions under ERISA are not applicable to this type of plan Plan Year: The plan s records are maintained on a 12-month period of time from January 1 to December 31. This is known as the plan year Participating Employers: Please see the General Information section of your Benefits Handbook for more information Notification of of Benefit Changes The Retirement PLUS Plan is administered according to federal regulations. Deseret Mutual reserves the right to amend or terminate the plan at any time. If benefit changes are made, we ll notify you as required by law. Notes: Eligibility & Enrollment Contributions to Your Account Beneficiaries Married Participants Trusts Investment Options Investment Education and Risk Changing Your Investment Direction Employment Status Changes Tax Considerations Retirement After Employment Ends Required Minimum Distribution Payment Options Automatic Payment Option (Default) Lump Sum Payments Installment Payment Options Divorce & QDROs Divorce Orders Procedures Application for Payments Planning Tools Fiduciary Duties Participant s Rights Right To Information Prudent Actions By Plan Fiduciaries Enforcing Your Rights Assistance With Your Questions Your Responsibilities Plan Administration Fees Investment Fees Transaction-based Fees Assignment Plan Information Notification of Discretionary Authority / Appeals Notification of Benefit Changes Notification of of Discretionary Authority Authority/Appeals / Appeals Deseret Mutual has full discretionary authority to interpret the Retirement PLUS Plan and to determine eligibility. Deseret Mutual also has the sole right to construe plan terms. All Deseret Mutual decisions relating to plan terms or eligibility are binding and conclusive. If you have questions concerning this authority, how this plan is managed, or you wish to appeal a benefit decision, you may contact our plan administrator: Scott Eastmond, General Counsel Deseret Mutual Benefit Administrators 1-801-578-5600 or 1-800-777-3622 2015 PAGE 10