a simple guide to understanding Your 401(k) Plan

The Archdiocese of Cincinnati 401(k) Plan is an important benefit because it is intended to help you build and invest in your future. By making the decision to actively participate, you’re taking an important step towards achieving a secure financial future! The program is designed to include: • Tax benefits through traditional pre-tax and Roth 401(k) (after-tax) contributions • A variety of attractive investment options • Age-based target-date funds to simplify investing • A robust, user-friendly website with online tools, calculators and information designed to help you take

control of your financial future • Instant account access from your smartphone • Dedicated Fifth Third retirement representatives available via a toll-free number

It is important for you to understand in more detail how the Plan works and which choices are most appropriate for your individual situation. Start by reading the information inside. It’s a quick way to get the basics about the Plan and access to other important information you will need to make the most of this special benefit. For more detailed information, be sure to read the Plan’s Summary of Important Provisions, which is also available online at Retire.53.com. In the event the provisions contained in this highlights brochure conflict with the terms of the Plan, the terms of the Plan shall govern.

“Let eaCh of You Look not onLY to Your oWn interests, but aLso to the interests of others”

PhiLiPPians 2:4

01/2016

For our shared ministry

eLigibiLitY & PartiCiPationWho can participate?YouareeligibletoparticipateinthePlan,ifyouarealayemployee(i.e.,anon-religiousornon-clergyemployee),that hascompleted30daysofservice,attainedage21,isemployedwiththeArchdioceseoraparticipatingArchdiocesanemployerand is either: • regularlyworkingatleast20hoursperweek;or• aboard-certifiedteacherorindividualwithprimaryinstructionalcontrolofaclassroomwhoregularlyworksatleast12classhours(4½hoursfortheAthenaeumofOhio)perweekforanormalworkyear.

ContactyourBenefitAdministratorforadditionalinformationorifyouarenotsuretheseeligibilityrequirementsaffectyou.

When can i participate?EligibleparticipantshiredpriortoJanuary1,2016,canenterthePlanonJanuary1,April1,July1,orOctober1,coincidingwithorfollowingthedateonwhichtheeligibilityrequirementsaremet.EligibleparticipantshiredafterJanuary1,2016,willbeautomaticallyenrolledinthePlanonJanuary1,April1,July1,orOctober1,coincidingwithorfollowingthedateonwhichtheeligibilityrequirementsaremet.

retireMent PLan Contributionshow do i contribute to my retirement account?ForparticipantshiredpriortoJanuary1,2016,anaccountisestablished on your behalf and contributions are made to your accountbyyouandyouremployer.Youdeterminehowmuchtocontribute from each pay. Through payroll deduction, you may contributewholepercentageamountsfrom1%to100%ofyoureligiblepayinpre-taxandRoth401(k)(after-tax)contributions.ForparticipantshiredafterJanuary1,2016,anaccountisestablishedonyourbehalfand4%ofyourcompensationwillbe automatically deducted from your eligible pay each pay periodanddepositedtoyouraccountintheformofpre-taxcontributions. These automatic deductions will begin as soon as administratively feasible after the entry date coinciding or following the satisfaction of eligibility and participation requirements.Withpre-taxcontributions,yourcontributionsaredeductedfromyourpaybeforefederaland,inmostcases,statetaxesarewithdrawn.Yourcontributions,andanyearningsonthosecontributions,growtax-freeuntilyoubeginmakingwithdrawals.Yourwithdrawalsaretaxedasordinaryincome.YoualsohavetheoptiontomakeRoth401(k)(after-tax)contributions.WiththeRoth401(k)option,yourcontributionsaredeductedfromyourpayafterfederalandstatetaxesareapplied.Yourcontributions,andanyearningsonthosecontributions,growtax-free.Youpaynotaxesonyourwithdrawals.Youcancontributethesameamounttoeitherplanoptionordivide your contribution between the two options. The Plan gives you a choice.

how much can i contribute to my account?For2016,contributionstothePlanpercalendaryeararelimitedto$18,000exclusiveofemployercontributions.Ifyouwillbeatleastage50byDecember31,2016,the$18,000limitisincreasedby$6,000asa“catch-upcontribution”toatotalof$24,000.These$18,000and$24,000limitsarefor2016,buttheIRSmayannounceincreasedlimitsforfutureyears.

Can i change my contribution?Youmaychangethetypeandamountyoucontributeorstoporrestartyourcontributionsanytime.ChangescanbemadeviaRetire.53.comorbycallingthetoll-freeParticipantServicesLineat1-866-258-4777.

Can i roll over an account balance from a previous employer’s retirement plan or ira?Ifyoureceiveorareeligibletoreceiveadistributionfromanotherqualifiedretirementplan,oranIRA,youmaybeabletorolloverthedistributiontotheArchdioceseofCincinnati401(k)Plan.ContactyourBenefitAdministratorfordetails.

how does my employer contribute to my account?Youremployerintendstomakeacontributiontoyouraccounteachquarterinanamountequalto4%ofyourquarterlycompensation. This is also referred to as a safe harbor contribution.

vestingWhat does it mean to be vested?Vestingreferstoyourrightofownershiptothemoneyinyouraccount.Yourcontributions,earningsandemployercontributionsarealways100%vested.

investing in the PLanWhat investment options are available through the Plan?The Plan offers you several options for investing based on your individual preferences and goals.Whetheryoubuildyourownportfoliousingacombinationofthe investment options offered by the Plan or you select a professionallydiversifiedretirementportfolio,youcancreateaninvestmentstrategythat’srightforyou!

oPtion 1building Your own PortfolioThis approach may be attractive to employees who are knowledgeableaboutinvestmentsandareconfidentaboutcreating their own investment strategy. The Plan features a total of13diverseinvestmentoptionsfromavarietyoffundfamilies.The chart below illustrates your available investment options alongarisk/rewardspectrum;withlessaggressivefundsonthebottom and more aggressive funds on the top.

higher risk/reWard PotentiaL

Stocks

VanguardEmergingMarketStockIndex(VEMAX)

TIAA-CREFInternationalEquityIndexInstitutional(TCIEX)

DiamondHillSmall-MidCapFund(DHMIX)

VanguardSmallCapIndexFund-Admiral(VSMAX)

VanguardMidCapIndexAdm(VIMAX)

AveMariaRisingDividend(AVEDX)

VanguardValueIndexAdmiral(VVIAX)

AmericanFundsFundamentalInvsR6(RFNGX)

Vanguard500IndexFund-Admiral(VFIAX)

VanguardGrowthIndex-Admiral(VIGAX)

BondsVanguardTotalBondMarketIndexAdmiral(VBTLX)

AveMariaBondFund(AVEFX)MoneyMarket FederatedUSTreasuryCashReservesI(UTIXX)

LoWer risk/reWard PotentiaL

how can i learn more about the investment options the Plan offers?YoucanfindmoredetailedinformationoneachcurrentPlaninvestmentoption,includingthenameoftheissuer,objectivesorgoals,principalstrategiesandrisks,portfolio’sturnoverrate,performancedata,andfeeandexpenseinformation,aswellas any trading restrictions that may be associated with your investmentoptions,throughthePlan’swebsiteatRetire.53.comorbycallingthetoll-freeParticipantServicesLineat1-866-258-4777.Fundfactsheetsandfundprospectusesareavailableaswell.

how do i change investment elections?ChangescanbemadeviaRetire.53.comorbycallingthetoll-freeParticipantServicesLineasfrequentlyasonceeachbusinessday(subjecttocertainrestrictions).Generally,anychangemadeonabusinessdaybefore4:00PM(ET)willbeprocessedthatevening;otherwise,itwillbeprocessedtheeveningofthefollowingbusinessday.Confirmationofyourtransactionwillbeavailable within one business day.

The chart above shows the long-term neutral allocations for the fund as of October 1, 2015. The allocation for each fund may vary from the long-term neutral allocation. Call 1-800-638-7780 for the most current asset allocation.

TheRetirementFundsarepresentedonaseparatespectrumbecauseeachfund(excepttheRetirementBalancedfund)willgraduallyadjustitsassetallocationtobemoreconservativeasthefundsapproachandmovebeyondtheirtargetretirementdates,until ultimately reaching their respective income fund allocations. Generally, those funds with later target retirement dates have greaterriskthanthosewithearliertargetretirementdates.

oPtion 2select a Professionally diversified retirement Portfolio TheT.RowePriceRetirementFundsareone-stepoptionsforthosethatfeeltheydon’thavethetimeorexperiencetoselectandmonitoraninvestmentportfolio.Eachfundisprofessionallymanagedandperiodicallyadjustedwithaspecifictargetretirementdateinmind.TheRetirementFundsaredesignedtohelpyoumeetyourchangingneedsuptoandthroughoutretirementinasinglediversifiedinvestmentoption.The11availableRetirementFundsarelistedbelowwithlessaggressivefundstotheleftandmoreaggressivefundsto the right.

OPTION 2

50%40%

4% 3% 1% 2%

50%

30%10%

4% 2% 4%

40%

10%

25%

10%5%

10%

40%

20%

18%

8%

14% 10%

44%

18%

19%

9%

Conservative Investor

Time Horizon:0-5 Years Until Retirement

Moderate Conservative Investor

Time Horizon:6-10 Years Until Retirement

Moderate Investor

Time Horizon:11-14 Years Until Retirement

Moderate Aggressive Investor

Time Horizon:15-19 Years Until Retirement

Aggressive Investor

Time Horizon:20+ Years Until Retirement

Cash Bond Funds Large Cap Stock Funds Mid Cap Stock Funds Small Cap Stock Funds International Stock Funds

Fund LOW RISK/REWARD T. ROWE PRICE RETIREMENT FUNDS HIGH RISK / REWARDRetirement Balanced

Retirement 2015

Retirement 2020

Retirement 2025

Retirement 2030

Retirement 2035

Retirement 2040

Retirement 2045

Retirement 2050

Retirement 2055

Retirement 2060

Year of Birth Fund Applicable

1947 or before

1948 - 1952

1953 - 1957

1958 - 1962

1963 - 1967

1968 - 1972

1973 - 1977

1978 - 1982

1983 - 1987

1988 - 1992

1993 or after

Fund Allocation

40% Stocks60% Bonds

54.5% Stocks45.5% Bonds

64% Stocks36% Bonds

72% Stocks28% Bonds

78.5% Stocks21.5% Bonds

84.5% Stocks15.5% Bonds

90% Stocks10% Bonds

90% Stocks10% Bonds

90% Stocks10% Bonds

90% Stocks10% Bonds

90% Stocks10% Bonds

sample asset allocations — The sample portfolios below are meant to illustrate different approaches to choosing an investment allocationbasedondifferentrisktolerancelevelsandtimehorizons.Themoreconservativeyourallocation,thelessriskyouassume,butwithlesspossibilityofgreaterreturns.Consequently,themoreaggressiveyouareinyourinvestmentselection,thehigherthepotentialforgreaterreturns-withanincreasedriskthatyoumaylosemoney.Theseexamplesareforillustrativepurposesonlyandarenotintendedasinvestmentadvice.Theassetallocationstrategyyouuseshouldreflectyourindividualgoalsandrisktolerance.Theassetallocationsaresubjecttochange.

Loans & WithdraWaLsCan i borrow or withdrawal money from my account?The Plan is intended to help you put aside money for your retirement. However, the Plan does allow you to borrow money from your account under the following terms:•Minimumloanamountis$1,000•Maximumloanamountis$50,000or50%ofyourvested

account balance, whichever is less • Youmayhaveoneloanoutstandingatatime• PrimeRateplus1%• Allloansmustgenerallyberepaidwithinfiveyears• A$50processingfeeforallnewloansanda$6.25perquarter

maintenance fee are charged to your account

Moneymaybewithdrawnfromyouraccountintheseevents:• Normalretirement(age65)• In-servicewithdrawal(age59½)• Deathordisability• Rolloverwithdraw• Terminationofemployment

aCCessing and Managing Your aCCountAsanemployeeeligibletoparticipateinthePlan,youwillreceiveaPINWelcomeLetter,mailedtoyourhomeaddress.This letter contains important information that we have on your account,yourPLANID,aswellasyourtemporaryPersonalIdentificationNumber(PIN).Thisinformationwillbehelpfultoyouas you’re registering and accessing your account either online via Retire.53.comorwhencallingthetoll-freeParticipantServicesLine.

online —Retire.53.comfromFifthThirdBankprovidesacomprehensiveInternetretirementplanningtool,givingyoutheabilitytomakeinformedretirementinvestmentdecisions.

YoucanlogontoRetire.53.comatanytimeto:• Registeryourretirementaccount• Enroll• Inquireaboutbalances,rateofreturnandcontributionamounts• Researchyourplan’sinvestmentoptions• Viewinvestmentoverviewsandprospectuses,investmentreturns,andrelatedfeesandexpenses

• Makeschangestoyourcontributions• Redirecttheinvestmentoforrebalanceyouraccount• Revieworupdateyourbeneficiary• Accessabroadspectrumoffinancialplanningtools• Andmuch,muchmore!

Phone — Thetoll-freeParticipantServicesLineallowsyoutoaccessaccountinformationandprocesstransactions.checkyourbalances,changeyourinvestmentstrategy,orchangeyourPINanytime–dayornight–fromatouch-tonephone.ToaccesstheParticipantServicesLine,call1-866-258-4777.

Ifyouhavequestionsorneedpersonalassistance,youmaycalltheParticipantServicesLinetospeakwithaParticipantServicesRepresentative.Representativesareavailabletoassistyoufrom8:30AMto7:00PM(ET)eachopenmarketday.

Web app — OurRetire.53MobileWebAppoffersyoueasymaneuverabilityandquick,convenientaccesstoyourfavoriteaccountinquiryfunctionsrightfromyoursmartphone.

if i didn’t receive a Pin Welcome letter mailed to my home address. how can i get a Pin? Ifyoudidn’treceiveyourPINWelcomeLetterorifyou’velostyourPINWelcomeLetter,simplycallthetoll-freeParticipantServicesLineat1-866-258-4777.Representativesareavailableweekdaysfrom8:30AMto7:00PM(ET)andcanprovideyouwithyourPLANIDandatemporaryPIN.

What do i do if i forgot my username or Pin? GotoRetire.53.com.UnderAccessYourAccount,selectForgotUsernameorPIN?.Clicktheappropriatetabandfollowtheprompts.Ifatanytime,youneedpersonalassistanceyoucancalltheParticipantServicesLineat1-866-258-4777.

reCeiving inforMation about Your aCCountstatements & Message Center — YourpersonalizedStatements&MessageCenterviaRetire.53.commakesiteasy to receive retirement planning and account information andquarterlystatementsanddisclosuredocumentsallinanorganizedlocationjustoneclickaway.Inaddition,you’llbeableto access archived statements on demand with minimal effort.

go Paperless — SinceyourpersonalizedStatements&MessageCenterallowsustoprovidecertaintypesofinformationand documents in an environmental friendly way, consider signing up to Go Paperless to help reduce the amount of paper we mail to you.

ToaccessyourpersonalizedStatements&MessageCenterortosignuptoGoPaperless,justclickontheenvelopeorgopaperlessiconorlinkinthetopcornerofyouraccounthomepageonRetire.53.com.

The above highlights are only a brief overview of the Plan features and are not a legally binding document. A more detailed Summary of Important Provisions is available. Please contact your Benefit Administrator with questions.