DATE:
TO:
FROM:
RE:
November 2016
Participants in Silverton Hospital “Plan Your Future” Plan
Jason Schibel, Director of Compensation & Benefits, Legacy Health
Your transition to the Legacy Employee Savings 403(b) Plan
Welcome to the team!
As part of the transition to Legacy Health, your current Silverton Hospital “Plan Your Future”
Plan balance will transfer to Legacy’s Employee Savings 403(b) Plan on January 1, 2017.
During the transfer, your current investments will automatically be mapped to similar options in
Legacy’s plans.
What to expect during the transfer
During the process of transferring your account, you will be unable to direct or diversify assets
credited to your plan account, obtain loans from the plan or obtain distributions from the plan.
This period, during which you will be unable to exercise these rights otherwise available under
the plan, is called a “blackout period.”
The blackout period for the plan will begin at 1:00 p.m. PT on December 27, 2016 and end
on January 10, 2017 or earlier if possible.
We encourage you to consider carefully how this blackout period may affect your retirement
planning, as well as your overall financial plan. It is very important that you review and consider
the appropriateness of your current investments in light of your inability to direct or diversify
those investments during the blackout period.
As part of the change to your retirement program, all assets in your plan will be automatically
directed to the new investment options chosen by Legacy Health (as shown on the enclosed
mapping notice). These options were chosen because their investment approach and objectives
are similar to those of your current investment options.
When the blackout period ends, you will be able to login to your new Legacy Health account,
review it and make certain changes. You will need to designate your beneficiaries online as
your current beneficiaries will not transfer from the Silverton Hospital “Plan Your Future”
Plan.
What to expect after the transition
You may change your investments at any time after the transition. You’ll also benefit from the
convenience of online enrollment and contribution changes instead of filling out paper forms.
Future employer matching contributions will be made to Legacy’s Matched Savings 401(a) Plan.
Similar to Silverton’s employer match, Legacy’s match is dependent on years of service and a
voluntary employee contribution to the Legacy Employee Savings 403(b) plan. To receive the
maximum amount under Legacy benefits, you must contribute 5% of your salary to the 403(b)
plan.
In addition to your 403(b) plan and employer match, you’ll also have an Employer Contribution
Account. Each year, Legacy will make a contribution to your Employer Contribution Account
based on your years of service. For calculation of the 401(a) match and Legacy’s contribution to
the Employer Contribution Account, your years of service at Silverton will count toward your
years of service at Legacy. Although the fund line up is changing, you’ll still have access to a
range of mutual fund and target-date model options, but now with significantly lower expense
ratios.
Your retirement plan provider is staying the same
Both your Silverton and your Legacy retirement benefits are administered by Lincoln Financial
Group. If you’re already registered on LincolnFinancial.com, your user name and password
won’t change. In addition, the Employee Savings 403(b) Plan, the Matched Savings 401(a)
Plan, and the Employer Contribution Account will appear on the same quarterly statement from
Lincoln Financial. This will make it easier to manage your retirement planning and to see if your
savings are on track.
You choose how your contributions are invested, and you may choose different investments for
each plan. You still have access to mutual funds and target-date portfolio options, and you also
benefit from the significantly lower expense ratios in the Legacy Health investment lineup.
Important notices
Enclosed in this mailing are important regulatory notices related to your new retirement plans
including:
• Fee disclosure notices for the 403(b) plan and 401(a) plan
• Mapping notice
• Qualified Default Investment Alternative (QDIA) notice
• Summary annual reports for the 403(b) plan and 401(a) plan
• Universal availability notice
Resources to help you
You may seek additional information or assistance in one of three ways:
• Sign in to your account online at LincolnFinancial.com to research and/or change your
current investments and investment elections.
• Call 800-234-3500 and speak to a Customer Service Representative weekdays from
5:00 a.m. to 5:00 p.m. Pacific Time.
• Make an appointment with your Lincoln Financial Retirement Consultant:
o Andy Glassner: [email protected] or 866-446-6086
o Randy Massey: [email protected] or 866-811-1216
o Cam Clear: [email protected] or 541-517-4636
Note: For employees represented by the ONA, the Hospital and the ONA have agreed that all ONA-represented
nurses will transition to the Legacy Retirement Plan and will be covered by the same terms of the retirement plans as
everyone else, unless there is a subsequent agreement between the parties that changes that status. So although
bargaining is ongoing, ONA-represented nurse’s retirement will transition just like everyone else.
PAD-1644674-111516
LCY-001 page 2 of 31
LEGACY HEALTH 403(B) PLAN
Plan Code: LCY-001
®
Product name: Lincoln Alliance program
The purpose of this document is to provide you with important information regarding the LEGACY
®
HEALTH 403(B) PLAN and the plan’s designated investment alternatives under the Lincoln Alliance
program, including fee and expense information, to help you compare investment options in accordance
with Department of Labor (DOL) Regulation section 2550.404a-5 (“404(a) participant fee disclosure”).
Information presented throughout this entire document is specific to the plan’s designated investment
alternatives only under the Lincoln Alliance program. Please contact your retirement plan administrator for
more information.
If you would like additional information regarding your plan’s designated investment alternatives, you may
visit the specific website addresses shown throughout this document or you may contact your retirement
plan administrator at 503-415-5189 or 1919 NW LOVEJOY ST, PORTLAND, OR 97209-1503. A free
paper copy of the information may be obtained by contacting your retirement plan administrator at 503415-5189.
Every effort has been made to ensure that this disclosure is as thorough and accurate as possible to
reflect the legal documents, laws, and regulations that govern the operation of the plan. In the event of
any conflict, the terms of the plan document, investment arrangements, applicable laws, and regulations
will govern.
Document summary
There are several sections that comprise the 404(a) participant fee disclosure:
•
General plan information section provides general information regarding plan features and
designated investment alternatives, such as an explanation of how to give investment instructions
and a description of any brokerage windows, if applicable.
•
Plan fees and expenses
- General administrative expenses section provides an explanation of any fees and expenses
for general plan administrative services that may be charged to or deducted from all participants’
retirement accounts. Examples include fees and expenses for legal, accounting, and
recordkeeping services.
- Individual participant fees section provides an explanation of any fees and expenses that may
be charged to or deducted from your retirement account based on the actions taken by you.
Examples may include fees and expenses for plan loans and for processing surrender charges, if
applicable.
•
Comparative charts provide a current list of the investment options with performance and fee
information for designated investment alternatives in comparative chart format.
General plan information
To direct your designated investment alternatives for the plan:
For initial enrollment, you may enroll by completing the materials and returning them as indicated on the
documents provided during the enrollment process.
Existing participants may update elections by:
• Visiting LincolnFinancial.com, or
•
Calling the Lincoln Customer Contact Center at 800-234-3500
You may change your elections at any time; transfers are effective the same business day provided the
markets are open and instructions are received before 4:00 p.m. Eastern Time.
The Lincoln Alliance program may restrict the number of transfers you may make among designated
investment alternatives within the product in a given time period. An investment option may apply a
redemption fee or restrict certain transfers. However, transactions associated with market timing – such
LCY-001 page 3 of 31
as frequent, large, or short-term transfers among investment options – can affect the underlying funds
and their investments. Lincoln therefore reviews the number of transfers that a participant makes within
given periods of time to determine if any transfer attempts to capitalize upon short-term movements in the
equity markets (Market Timing Policy). If so, the participant's transfer activity will be subject to further
scrutiny. Potential market timing or frequent trading may result in future trading restrictions, up to and
including temporary (or permanent) revocation of telephone exchange privileges.
Voting and tender rights associated with mutual fund shares offered under the plan are exercised by the
plan sponsor, if applicable.
The designated investment alternatives available in the Lincoln Alliance program are those listed in the
comparative charts. Please contact your retirement plan administrator for information regarding
designated investment alternatives offered outside of the Lincoln Alliance program, if any (e.g., employer
securities).
In addition to the designated investment alternatives available under your plan, you may invest in a selfdirected brokerage account (SDBA) through TD Ameritrade. Subject to plan restrictions, investing in a
SDBA may provide you access to a broad range of investments that fit your investment goals such as
individual stocks, bonds, CDs, ETFs, and more than 13,000 mutual funds, including more than 2,100 noload, no-transaction-fee mutual funds. Please note that all 403(b) plans may only be invested in mutual
funds.
It is important to note that a SDBA is not a designated investment alternative under the plan. The plan
sponsor is not responsible for and does not review and evaluate each investment option made available
through a SDBA to ensure each investment option is a prudent selection to be made available to plan
participants. Therefore, before you invest in an investment fund through a SDBA, you should read the
fund's prospectus and carefully consider the particular fund's investment objective, risks, charges, and
expenses.
Investments made through a SDBA are subject to commission fees, service fees, transfer fees, and may
include quarterly account fees. The TD Ameritrade fee schedule provided at the end of this document is
delivered to you upon enrolling in the service and is posted on their participant website –
www.tdameritraderetirement.com.
Generally, there is no minimum balance needed to open a SDBA, but certain investments may require a
minimum initial investment. In addition, investments in a SDBA may be subject to trading restrictions and
limitations. For more information, please contact TD Ameritrade at 866-766-4015 or visit
www.tdameritrade.com.
To establish a SDBA, please call the Lincoln Customer Contact Center at 800-234-3500. Once the SDBA
is established, you will be able to make investments through the SDBA by contacting TD Ameritrade at
866-766-4015 (8:00 a.m. to 7:00 p.m. ET) or visit www.tdameritrade.com.
LCY-001 page 4 of 31
Plan fees and expenses
This section provides an explanation of fees and expenses for general plan administrative services, if
any, that may be charged to or deducted from all individual accounts and are not reflected in the total
annual operating expenses of any designated investment alternative. For example, the plan may incur
general administrative expenses each year to cover services related to the operation of the plan (e.g.,
legal, accounting, recordkeeping, trustee fees, and Registered Investment Advisor fees). Where
applicable, the plan may charge a portion of these expenses to participant accounts if the expenses are
not paid by the plan sponsor or from revenue sharing payments the plan receives from plan investment
options. These expenses will appear on your quarterly retirement statement, if applicable.
Additionally, an explanation of any fees and expenses that may be charged to or deducted from the
individual account of a specific participant based on the actions taken by that person are described below.
The dollar amount of fees and expenses that are actually charged to a participant’s account during the
preceding quarter will be reflected on the participant's quarterly retirement statement.
General administrative expenses
Retirement plans have expenses associated with them. Here is a list of administrative fees associated
with this plan.
Administrative fees
Description
Fee/Frequency
Plan Level Wrap Fee
Fee charged to cover expenses incurred in the administration of
the plan. These expenses may include, but are not limited to the
receipt and processing of deposits, processing of withdrawals,
call center operations, website development and maintenance,
and certain marketing and distribution expenses. The fee will be
deducted from your account on a pro rata basis to the extent the 0.0150% / quarterly
fee is not paid by the plan sponsor or from revenue sharing
payments the plan receives from plan investment options. If
revenue sharing payments are received, only the portion of the
fee not offset by revenue sharing payments will be deducted
from your account.
Individual participant fees
The plan applies fees to individual participant accounts. These charges apply only to participants who use
specific features of the plan. Here is a list of individual participant fees associated with this plan:
Individual fees
Description
Loan Maintenance Fee
Fee may be deducted from a participant’s account while the loan
$6.25 / quarterly
is outstanding.
Loan Setup Fee
A fee that may be deducted from the participant’s account on
$75.00 / set up
the date the loan is processed.
LCY-001 page 5 of 31
Fee/Frequency
LEGACY HEALTH 403(B) PLAN
Plan Code: LCY-001
®
Product name: Lincoln Alliance program
Investment options, performance history, and fees and expenses as of June 30, 2016.
Comparative chart summary
This section is comprised of three charts:
Chart 1
• Variable return investments chart
- comprised of performance information for plan investment options
- illustrates the past performance of the investments with the benchmark field
Chart 2
• Fixed return investments chart
- displays those funds with a fixed rate of return
Chart 3
• Fees and expenses chart
- displays the fees and expenses you will pay if you invest in a particular option
LEGACY HEALTH 403(B) PLAN investment options comparative chart
Chart 1 - Variable return investments
Chart 1 focuses on the performance of investment options that do not have a fixed or stated rate of
return. The chart illustrates how these options have performed over time and allows you to compare them
with an appropriate benchmark for the same time periods.
Past performance does not guarantee how the investment option will perform in the future. Your
investment in these options could lose money. Information regarding an option’s principal risks is
available at LincolnFinancial.com.
Chart 1 - Variable return investments
Average annual total returns as of
June 30, 2016
Investment options
1-yr.
5-yr.
10-yr.
Since inception
American Funds Europacific Growth R6 (05/09)
MSCI ACWI Ex USA Growth NR USD
www.LincolnFinancial.com
-9.57
-6.20
2.50
1.52
3.87
2.81
8.31
American Funds New Perspective R6 (05/09)
MSCI ACWI NR USD
www.LincolnFinancial.com
-1.60
-3.73
8.05
5.38
6.92
4.26
12.66
American Funds Washington Mutual R6 (05/09)
Russell 1000 Value TR USD
www.LincolnFinancial.com
6.50
2.86
11.77
11.35
7.17
6.13
15.00
Calvert US Large Cap Core Rspnb Idx I (06/00)
Russell 1000 TR USD
www.LincolnFinancial.com
0.08
2.93
12.37
11.88
7.22
7.51
3.12
Equity funds
LCY-001 page 6 of 31
Chart 1 - Variable return investments
Average annual total returns as of
June 30, 2016
Investment options
1-yr.
5-yr.
10-yr.
Since inception
T. Rowe Price Growth Stock I (08/15)
Russell 1000 Growth TR USD
www.LincolnFinancial.com
-2.59
3.02
12.08
12.35
8.44
8.78
-2.84
T. Rowe Price New Horizons I (08/15)
Russell 2000 Growth TR USD
www.LincolnFinancial.com
-2.10
-10.75
13.05
8.51
10.64
7.14
1.00
Vanguard Institutional Index I (07/90)
Russell 1000 TR USD
www.LincolnFinancial.com
3.97
2.93
12.07
11.88
7.43
7.51
9.38
Vanguard Mid Cap Index I (05/98)
Russell Mid Cap TR USD
www.LincolnFinancial.com
-0.89
0.56
10.57
10.90
7.83
8.07
9.51
Vanguard Selected Value Inv (02/96)
Russell Mid Cap Value TR USD
www.LincolnFinancial.com
-4.99
3.25
9.84
11.70
7.55
7.79
8.46
Vanguard Small Cap Index I (07/97)
Russell 2000 TR USD
www.LincolnFinancial.com
-2.88
-6.73
9.91
8.35
7.78
6.20
8.38
Vanguard Total Intl Stock Index I (11/10)
MSCI ACWI Ex USA NR USD
www.LincolnFinancial.com
-9.10
-10.24
0.61
0.10
1.95
1.87
2.46
Victory Integrity Small-Cap Value R6 (06/12)
Russell 2000 Value TR USD
www.LincolnFinancial.com
-6.41
-2.58
8.78
8.15
6.55
5.15
13.86
Victory Munder Mid-Cap Core Growth R6 (06/12)
Russell Mid Cap Growth TR USD
www.LincolnFinancial.com
-7.54
-2.14
8.73
9.98
7.14
8.12
12.75
Baird Core Plus Bond Inst (09/00)
Barclays US Agg Bond TR USD
www.LincolnFinancial.com
6.03
6.00
4.66
3.76
6.20
5.13
6.31
Metropolitan West Total Return Bond Plan (07/11)
Barclays US Agg Bond TR USD
www.LincolnFinancial.com
4.76
6.00
4.94
3.76
6.65
5.13
4.79
PIMCO Total Return Instl (05/87)
Barclays US Agg Bond TR USD
www.LincolnFinancial.com
4.31
6.00
3.71
3.76
6.26
5.13
7.58
Bond funds
LCY-001 page 7 of 31
Chart 1 - Variable return investments
Average annual total returns as of
June 30, 2016
Investment options
1-yr.
5-yr.
10-yr.
Since inception
4.73
4.35
2.70
2.63
4.66
4.75
4.42
Vanguard Instl Trgt Retire 2010 Instl (06/15)
Morningstar Lifetime Mod 2010 TR USD
www.LincolnFinancial.com
3.03
2.89
--5.36
--5.78
2.54
Vanguard Instl Trgt Retire 2015 Instl (06/15)
Morningstar Lifetime Mod 2015 TR USD
www.LincolnFinancial.com
2.06
2.82
--5.76
--5.90
1.22
Vanguard Instl Trgt Retire 2020 Instl (06/15)
Morningstar Lifetime Mod 2020 TR USD
www.LincolnFinancial.com
1.46
2.50
--6.17
--5.95
0.44
Vanguard Instl Trgt Retire 2025 Instl (06/15)
Morningstar Lifetime Mod 2025 TR USD
www.LincolnFinancial.com
0.81
1.79
--6.57
--5.98
-0.39
Vanguard Instl Trgt Retire 2030 Instl (06/15)
Morningstar Lifetime Mod 2030 TR USD
www.LincolnFinancial.com
0.04
0.74
--6.86
--6.00
-1.35
Vanguard Instl Trgt Retire 2035 Instl (06/15)
Morningstar Lifetime Mod 2035 TR USD
www.LincolnFinancial.com
-0.68
-0.33
--6.96
--6.00
-2.24
Vanguard Instl Trgt Retire 2040 Instl (06/15)
Morningstar Lifetime Mod 2040 TR USD
www.LincolnFinancial.com
-1.46
-1.10
--6.90
--5.98
-3.19
Vanguard Instl Trgt Retire 2045 Instl (06/15)
Morningstar Lifetime Mod 2045 TR USD
www.LincolnFinancial.com
-1.51
-1.49
--6.73
--5.92
-3.24
Vanguard Instl Trgt Retire 2050 Instl (06/15)
Morningstar Lifetime Mod 2050 TR USD
www.LincolnFinancial.com
-1.47
-1.70
--6.56
--5.87
-3.20
Vanguard Instl Trgt Retire 2055 Instl (06/15)
Morningstar Lifetime Mod 2055 TR USD
www.LincolnFinancial.com
-1.47
-1.86
--6.38
--5.79
-3.20
Vanguard Instl Trgt Retire 2060 Instl (06/15)
Morningstar Lifetime Mod 2060 TR USD
www.LincolnFinancial.com
-1.54
-2.03
--6.26
--5.82
-3.27
Vanguard Inflation-Protected Secs I (12/03)
Barclays US Treasury US TIPS TR USD
www.LincolnFinancial.com
Other
LCY-001 page 8 of 31
Chart 1 - Variable return investments
Average annual total returns as of
June 30, 2016
Investment options
Vanguard Instl Trgt Retire Inc Instl (06/15)
Morningstar Lifetime Mod Incm TR USD
www.LincolnFinancial.com
1-yr.
5-yr.
10-yr.
Since inception
3.37
2.55
--4.46
--5.31
3.02
Chart 2 – Fixed return investments
Chart 2 focuses on the performance of investment options that have a fixed or stated rate of return. The
chart displays the credited rate of return of each such option, the term or length of time that you will earn
this rate of return, and other information relevant to performance.
Chart 2 - Fixed return investments
Investment options
Rate Type
Return
Term
--1.71
1.00
Quarterly
Quarterly
1 - 99 yrs
Lincoln Stable Value Separate
Acct -Z38
New money rate
Portfolio rate
Guaranteed minimum interest rate
Lincoln reserves the right to adjust the fixed or stated rate of return prospectively during the term of the contract or agreement. The most
current rate of return is available at 800-234-3500.
If the Guaranteed Minimum Interest Rate listed above is higher than the Portfolio rate and/or the New
money rate, Lincoln's Guaranteed Minimum Interest Rate will be the actual rate credited to your account.
Chart 3 – Fee and expense information
Chart 3 displays fee and expense information for the investment options listed in the prior two charts
(Chart 1 and Chart 2). It indicates the total annual operating expenses of the options in Chart 1. Total
annual operating expenses are expenses that reduce the rate of return of the investment option. This
chart also shows shareholder-type fees. These fees are in addition to total annual operating expenses.
Chart 3 - Fees and expenses
Investment option
Total annual
operating expenses
Net operating
expenses
Shareholder-type
fees and transfertype restrictions
As a %
Per $1000
As a %
Per $1000
American Funds Europacific Growth R6
0.50%
$5.00
0.50%
$5.00
---
American Funds New Perspective R6
0.45%
$4.50
0.45%
$4.50
---
American Funds Washington Mutual R6
0.30%
$3.00
0.30%
$3.00
---
Calvert US Large Cap Core Rspnb Idx I
0.38%
$3.80
0.19%
$1.90
---
Equity funds
LCY-001 page 9 of 31
Chart 3 - Fees and expenses
Investment option
Total annual
operating expenses
Net operating
expenses
Shareholder-type
fees and transfertype restrictions
As a %
Per $1000
As a %
Per $1000
T. Rowe Price Growth Stock I
0.52%
$5.20
0.52%
$5.20
---
T. Rowe Price New Horizons I
0.67%
$6.70
0.67%
$6.70
---
Vanguard Institutional Index I
0.04%
$0.40
0.04%
$0.40
---
Vanguard Mid Cap Index I
0.07%
$0.70
0.07%
$0.70
---
Vanguard Selected Value Inv
0.39%
$3.90
0.39%
$3.90
---
Vanguard Small Cap Index I
0.07%
$0.70
0.07%
$0.70
---
Vanguard Total Intl Stock Index I
0.10%
$1.00
0.10%
$1.00
---
Victory Integrity Small-Cap Value R6
1.01%
$10.10
1.01%
$10.10
---
Victory Munder Mid-Cap Core Growth R6
0.88%
$8.80
0.88%
$8.80
---
Baird Core Plus Bond Inst
0.30%
$3.00
0.30%
$3.00
---
Metropolitan West Total Return Bond Plan
0.40%
$4.00
0.39%
$3.90
---
PIMCO Total Return Instl
0.46%
$4.60
0.46%
$4.60
---
Vanguard Inflation-Protected Secs I
0.07%
$0.70
0.07%
$0.70
---
Vanguard Instl Trgt Retire 2010 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2015 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2020 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2025 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2030 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2035 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2040 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2045 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2050 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2055 Instl
0.10%
$1.00
0.10%
$1.00
---
Bond funds
Other
LCY-001 page 10 of 31
Chart 3 - Fees and expenses
Investment option
Total annual
operating expenses
Net operating
expenses
Shareholder-type
fees and transfertype restrictions
As a %
Per $1000
As a %
Per $1000
Vanguard Instl Trgt Retire 2060 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire Inc Instl
0.10%
$1.00
0.10%
$1.00
---
0.00%
$0.00
0.00%
$0.00
Transfers from this
investment option to
competing funds may
be restricted. Transfers
may be made to
noncompeting funds if
there are no
subsequent transfers
to competing funds
within 90 days.
Fixed return investments
Lincoln Stable Value Separate Acct -Z38
Frequent trading policy: Transactions associated with market timing – such as frequent, large, or short-term transfers among
investment options – can affect the underlying funds and their investments. Lincoln therefore reviews the number of transfers that a
participant makes within given periods of time to determine if any transfer attempts to capitalize upon short-term movements in the
equity markets (Market Timing Policy). If so, the participant's transfer activity will be subject to further scrutiny. Potential market
timing or frequent trading may result in future trading restrictions, up to and including temporary (or permanent) revocation of
telephone exchange privileges.
Total annual operating expense: Expenses that reduce the rate of return of the investment option.
Net Operating Expense: Total annual operating expense net of any applicable fund company waivers/reimbursements.
The cumulative effect of fees and expenses can substantially reduce the growth of your retirement
savings. For an example of the long-term effects of fees and expenses on your retirement account, visit
the Department of Labor website at http://www.dol.gov/ebsa/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 consider whether an investment in a particular option, along with your other investments, may
help you achieve your financial goals.
Please visit LincolnFinancial.com for a glossary of investment terms relevant to the investment options
under this plan. This glossary is intended to help you better understand the terms used in this document.
Important Disclosures. Please read.
Mutual funds in the Lincoln Alliance® program are sold by prospectus. The program includes certain services provided by Lincoln
Financial Advisors Corp. (LFA), a broker-dealer (member FINRA) and an affiliate of Lincoln Financial Group, 1300 S. Clinton St.,
Fort Wayne, IN 46802. Unaffiliated broker-dealers also may provide services to customers.
The stable value option may be offered as a fixed annuity through Lincoln Financial Group affiliates or as a collective trust through
independent third-party trust companies.
The Morningstar Insight Series is not an investment option. It is a fund lineup chosen by Morningstar Investment Management LLC
from the investment options that are available in the Lincoln Alliance® program. Morningstar Investment Management LLC is a
registered investment advisor and subsidiary of Morningstar, Inc. Neither Morningstar Investment Management LLC nor Morningstar
are affiliated with the Lincoln Financial Group. The Morningstar name and logo are registered marks of Morningstar, Inc.
Morningstar Investment Management LLC, 22 W. Washington Street, Chicago, IL 60602.
TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and
The Toronto-Dominion Bank. ©2012 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission.
TD Ameritrade is not an affiliate of Lincoln Financial Group.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible
for their own financial and contractual obligations.
LCY-001 page 11 of 31
Commissions and Service Fees
PO Box 2226 Omaha, NE 68103-2226
Fax: 800-914-8980
1. COMMISSIONS & TRANSACTION FEE
Please note: Your Plan may restrict certain investments and not
all commissions shown may be applicable.
Stocks & ETFs1
Trade Unlimited Shares (market, limit, and stop orders)
Price
• Commission-Free ETFs2
No Commission
• Internet orders
$9.99
• Interactive Voice Response (IVR) phone system orders
$14.99
• Broker-assisted orders
$24.99
1. Orders executed in multiple lots on the same trading day will be charged a
single commission. When an order is partially executed over multiple trading
days, the order is subject to a separate commission charge for
each trading day.
2. To trade commission-free ETFs, you must be enrolled in the program. If you
sell an eligible ETF within 30 days of it being purchased commission-free, a
short-term trading fee will apply.
Options
• Options3
Price
$9.99 + $0.75 per contract
Mutual Funds
Fund Type
• No Load
• Load
• NTF
Price
$25
No Fee4
No Fee5
4. The Fund Family will charge fees as detailed in the fund prospectus.
5. No-Transaction-Fee (NTF) mutual funds are no-load mutual funds for which
TD Ameritrade does not charge a transaction fee. NTFs, as well as other
funds, have other continuing fees and expenses described in the fund’s
prospectus. TD Ameritrade receives remuneration from fund companies for
record-keeping, shareholder and other administrative services. The amount of
remuneration is based in part on the amount of investments in such funds by
TD Ameritrade clients. Almost all funds held 90 days or less will be subject to
a short-term redemption fee of $49.99. This fee is in addition to any applicable
transaction fees or fees described in the fund’s prospectus.
Fixed-Income6
• All buy orders for bonds are subject to a five-bond ($5,000 par
value) minimum.
3. Option Exercises and assignments will incur a $19.99 commission.
• Treasuries at Auction $25 Flat Fee
Options involve risks and are not suitable for all investors. On a SelfDirected Brokerage Account (SDBA), options trading level is dependent on
Plan approval. To apply for options trading privileges, please complete the
TD Ameritrade Plan Participant and Plan Trustee Account Upgrade Form.
Some accounts, such as options-approved accounts, are required to receive
monthly statements either electronically (free) or via U.S. mail.
• Online CD buy orders are subject to a two-CD ($2,000 par
value) minimum.
6. TD Ameritrade may act as principal on any fixed-income transaction.
When acting as principal, we will add a markup to any purchase and
subtract a markdown from every sale. This markup or markdown will be
included in the price quoted to you.
2. FEE SCHEDULE7
TD Ameritrade offers low commissions, but some services require additional charges.
Reorganization Fees
Deposit8: $25
Non-mandatory and tender offers10: $30
Mandatory9: $20
Withdrawal from tender offer11: $10
Duplicate Statements and Confirmations
$5 per copy (no charge for electronic documents)
Research Fee12
$60 per hour
Alternative Investments Fees
Alternative Investments include limited partnerships, private placements, restricted securities, and other assets not traded on a national market.
Per-Transaction Fee: $100
Custody Holding Fee: $250 per year per asset
13
Fees charged may vary by program, location, or arrangements. Additional fees may apply to certain plans. Please contact your
TD Ameritrade representative for further information. Fees are subject to change upon 30 days’ notice to you. All prices shown in U.S. dollars.
7. All service fees subject to change. TD Ameritrade reserves the right to pass-through Regulatory Fees, foreign transaction taxes, and other fees to client
accounts, which may be assessed under various U.S. regulations or imposed by foreign governments. Fees may include any of the following: a sales fee on
certain sell transactions (assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934), the Options Regulatory Fee (applicable to
options transactions), and foreign transaction taxes and fees, among other charges.
8. Applies when a security has gone through a mandatory reorganization before the certificate is deposited into an account.
9. Applies when a security has gone through a mandatory reorganization for all shares held in an account, including those pending trade settlement, on the
effective date of the reorganization.
10. Applies when a client chooses to participate in a non-mandatory reorganization off.
11. Applies when a client chooses to withdraw from a non-mandatory reorganization off.
12. Research is conducted subsequent to specific and usually disputed account activities.
13. TD Ameritrade may, at its discretion, allow alternative investments to be received into the account, subject to applicable fees. Such assets will be held for
liquidation purposes only.
Investment Products: Not FDIC Insured * No Bank Guarantee * May Lose Value
TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and
The Toronto-Dominion Bank. © 2014 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission.
Effective 10/3/14
SDPS 1009F 10/14
LEGACY HEALTH 401(A) MATCHED SAVINGS PLAN
Plan Code: LCY-004
®
Product name: Lincoln Alliance program
The purpose of this document is to provide you with important information regarding the LEGACY
HEALTH 401(A) MATCHED SAVINGS PLAN and the plan’s designated investment alternatives under the
®
Lincoln Alliance program, including fee and expense information, to help you compare investment
options in accordance with Department of Labor (DOL) Regulation section 2550.404a-5 (“404(a)
participant fee disclosure”).
Information presented throughout this entire document is specific to the plan’s designated investment
alternatives only under the Lincoln Alliance® program. Please contact your retirement plan administrator
for more information.
If you would like additional information regarding your plan’s designated investment alternatives, you may
visit the specific website addresses shown throughout this document or you may contact your retirement
plan administrator at 503-415-5189 or 1919 NW LOVEJOY ST, PORTLAND, OR 97209-1503. A free
paper copy of the information may be obtained by contacting your retirement plan administrator at 503415-5189.
Every effort has been made to ensure that this disclosure is as thorough and accurate as possible to
reflect the legal documents, laws, and regulations that govern the operation of the plan. In the event of
any conflict, the terms of the plan document, investment arrangements, applicable laws, and regulations
will govern.
Document summary
There are several sections that comprise the 404(a) participant fee disclosure:
•
General plan information section provides general information regarding plan features and
designated investment alternatives, such as an explanation of how to give investment instructions
and a description of any brokerage windows, if applicable.
•
Plan fees and expenses
- General administrative expenses section provides an explanation of any fees and expenses
for general plan administrative services that may be charged to or deducted from all participants’
retirement accounts. Examples include fees and expenses for legal, accounting, and
recordkeeping services.
•
Comparative charts provide a current list of the investment options with performance and fee
information for designated investment alternatives in comparative chart format.
General plan information
To direct your designated investment alternatives for the plan:
For initial enrollment, you may enroll by completing the materials and returning them as indicated on the
documents provided during the enrollment process.
Existing participants may update elections by:
• Visiting LincolnFinancial.com, or
•
Calling the Lincoln Customer Contact Center at 800-234-3500
You may change your elections at any time; transfers are effective the same business day provided the
markets are open and instructions are received before 4:00 p.m. Eastern Time.
The Lincoln Alliance program may restrict the number of transfers you may make among designated
investment alternatives within the product in a given time period. An investment option may apply a
redemption fee or restrict certain transfers. However, transactions associated with market timing – such
as frequent, large, or short-term transfers among investment options – can affect the underlying funds
and their investments. Lincoln therefore reviews the number of transfers that a participant makes within
given periods of time to determine if any transfer attempts to capitalize upon short-term movements in the
LCY-004 page 13 of 31
equity markets (Market Timing Policy). If so, the participant's transfer activity will be subject to further
scrutiny. Potential market timing or frequent trading may result in future trading restrictions, up to and
including temporary (or permanent) revocation of telephone exchange privileges.
Voting and tender rights associated with mutual fund shares offered under the plan are exercised by the
plan sponsor, if applicable.
The designated investment alternatives available in the Lincoln Alliance program are those listed in the
comparative charts. Please contact your retirement plan administrator for information regarding
designated investment alternatives offered outside of the Lincoln Alliance program, if any (e.g., employer
securities).
In addition to the designated investment alternatives available under your plan, you may invest in a selfdirected brokerage account (SDBA) through TD Ameritrade. Subject to plan restrictions, investing in a
SDBA may provide you access to a broad range of investments that fit your investment goals such as
individual stocks, bonds, CDs, ETFs, and more than 13,000 mutual funds, including more than 2,100 noload, no-transaction-fee mutual funds. Please note that all 403(b) plans may only be invested in mutual
funds.
It is important to note that a SDBA is not a designated investment alternative under the plan. The plan
sponsor is not responsible for and does not review and evaluate each investment option made available
through a SDBA to ensure each investment option is a prudent selection to be made available to plan
participants. Therefore, before you invest in an investment fund through a SDBA, you should read the
fund's prospectus and carefully consider the particular fund's investment objective, risks, charges, and
expenses.
Investments made through a SDBA are subject to commission fees, service fees, transfer fees, and may
include quarterly account fees. The TD Ameritrade fee schedule provided at the end of this document is
delivered to you upon enrolling in the service and is posted on their participant website –
www.tdameritraderetirement.com.
Generally, there is no minimum balance needed to open a SDBA, but certain investments may require a
minimum initial investment. In addition, investments in a SDBA may be subject to trading restrictions and
limitations. For more information, please contact TD Ameritrade at 866-766-4015 or visit
www.tdameritrade.com.
To establish a SDBA, please call the Lincoln Customer Contact Center at 800-234-3500. Once the SDBA
is established, you will be able to make investments through the SDBA by contacting TD Ameritrade at
866-766-4015 (8:00 a.m. to 7:00 p.m. ET) or visit www.tdameritrade.com.
Plan fees and expenses
This section provides an explanation of fees and expenses for general plan administrative services, if
any, that may be charged to or deducted from all individual accounts and are not reflected in the total
annual operating expenses of any designated investment alternative. For example, the plan may incur
general administrative expenses each year to cover services related to the operation of the plan (e.g.,
legal, accounting, recordkeeping, trustee fees, and Registered Investment Advisor fees). Where
applicable, the plan may charge a portion of these expenses to participant accounts if the expenses are
not paid by the plan sponsor or from revenue sharing payments the plan receives from plan investment
options. These expenses will appear on your quarterly retirement statement, if applicable.
Additionally, an explanation of any fees and expenses that may be charged to or deducted from the
individual account of a specific participant based on the actions taken by that person are described below.
The dollar amount of fees and expenses that are actually charged to a participant’s account during the
preceding quarter will be reflected on the participant's quarterly retirement statement.
General administrative expenses
Retirement plans have expenses associated with them. Here is a list of administrative fees associated
with this plan.
LCY-004 page 14 of 31
Administrative fees
Description
Fee/Frequency
Plan Level Wrap Fee
Fee charged to cover expenses incurred in the administration of
the plan. These expenses may include, but are not limited to the
receipt and processing of deposits, processing of withdrawals,
call center operations, website development and maintenance,
and certain marketing and distribution expenses. The fee will be
deducted from your account on a pro rata basis to the extent the 0.0150% / quarterly
fee is not paid by the plan sponsor or from revenue sharing
payments the plan receives from plan investment options. If
revenue sharing payments are received, only the portion of the
fee not offset by revenue sharing payments will be deducted
from your account.
Investment options, performance history, and fees and expenses as of June 30, 2016.
Comparative chart summary
This section is comprised of three charts:
Chart 1
• Variable return investments chart
- comprised of performance information for plan investment options
- illustrates the past performance of the investments with the benchmark field
Chart 2
• Fixed return investments chart
- displays those funds with a fixed rate of return
Chart 3
• Fees and expenses chart
- displays the fees and expenses you will pay if you invest in a particular option
LEGACY HEALTH 401(A) MATCHED SAVINGS PLAN investment options comparative
chart
Chart 1 - Variable return investments
Chart 1 focuses on the performance of investment options that do not have a fixed or stated rate of
return. The chart illustrates how these options have performed over time and allows you to compare them
with an appropriate benchmark for the same time periods.
Past performance does not guarantee how the investment option will perform in the future. Your
investment in these options could lose money. Information regarding an option’s principal risks is
available at LincolnFinancial.com.
LCY-004 page 15 of 31
Chart 1 - Variable return investments
Average annual total returns as of
June 30, 2016
Investment options
1-yr.
5-yr.
10-yr.
Since inception
American Funds Europacific Growth R6 (05/09)
MSCI ACWI Ex USA Growth NR USD
www.LincolnFinancial.com
-9.57
-6.20
2.50
1.52
3.87
2.81
8.31
American Funds New Perspective R6 (05/09)
MSCI ACWI NR USD
www.LincolnFinancial.com
-1.60
-3.73
8.05
5.38
6.92
4.26
12.66
American Funds Washington Mutual R6 (05/09)
Russell 1000 Value TR USD
www.LincolnFinancial.com
6.50
2.86
11.77
11.35
7.17
6.13
15.00
Calvert US Large Cap Core Rspnb Idx I (06/00)
Russell 1000 TR USD
www.LincolnFinancial.com
0.08
2.93
12.37
11.88
7.22
7.51
3.12
T. Rowe Price Growth Stock I (08/15)
Russell 1000 Growth TR USD
www.LincolnFinancial.com
-2.59
3.02
12.08
12.35
8.44
8.78
-2.84
T. Rowe Price New Horizons I (08/15)
Russell 2000 Growth TR USD
www.LincolnFinancial.com
-2.10
-10.75
13.05
8.51
10.64
7.14
1.00
Vanguard Institutional Index I (07/90)
Russell 1000 TR USD
www.LincolnFinancial.com
3.97
2.93
12.07
11.88
7.43
7.51
9.38
Vanguard Mid Cap Index I (05/98)
Russell Mid Cap TR USD
www.LincolnFinancial.com
-0.89
0.56
10.57
10.90
7.83
8.07
9.51
Vanguard Selected Value Inv (02/96)
Russell Mid Cap Value TR USD
www.LincolnFinancial.com
-4.99
3.25
9.84
11.70
7.55
7.79
8.46
Vanguard Small Cap Index I (07/97)
Russell 2000 TR USD
www.LincolnFinancial.com
-2.88
-6.73
9.91
8.35
7.78
6.20
8.38
Vanguard Total Intl Stock Index I (11/10)
MSCI ACWI Ex USA NR USD
www.LincolnFinancial.com
-9.10
-10.24
0.61
0.10
1.95
1.87
2.46
Equity funds
LCY-004 page 16 of 31
Chart 1 - Variable return investments
Average annual total returns as of
June 30, 2016
Investment options
1-yr.
5-yr.
10-yr.
Since inception
Victory Integrity Small-Cap Value R6 (06/12)
Russell 2000 Value TR USD
www.LincolnFinancial.com
-6.41
-2.58
8.78
8.15
6.55
5.15
13.86
Victory Munder Mid-Cap Core Growth R6 (06/12)
Russell Mid Cap Growth TR USD
www.LincolnFinancial.com
-7.54
-2.14
8.73
9.98
7.14
8.12
12.75
Baird Core Plus Bond Inst (09/00)
Barclays US Agg Bond TR USD
www.LincolnFinancial.com
6.03
6.00
4.66
3.76
6.20
5.13
6.31
Metropolitan West Total Return Bond Plan (07/11)
Barclays US Agg Bond TR USD
www.LincolnFinancial.com
4.76
6.00
4.94
3.76
6.65
5.13
4.79
PIMCO Total Return Instl (05/87)
Barclays US Agg Bond TR USD
www.LincolnFinancial.com
4.31
6.00
3.71
3.76
6.26
5.13
7.58
Vanguard Inflation-Protected Secs I (12/03)
Barclays US Treasury US TIPS TR USD
www.LincolnFinancial.com
4.73
4.35
2.70
2.63
4.66
4.75
4.42
Vanguard Instl Trgt Retire 2010 Instl (06/15)
Morningstar Lifetime Mod 2010 TR USD
www.LincolnFinancial.com
3.03
2.89
--5.36
--5.78
2.54
Vanguard Instl Trgt Retire 2015 Instl (06/15)
Morningstar Lifetime Mod 2015 TR USD
www.LincolnFinancial.com
2.06
2.82
--5.76
--5.90
1.22
Vanguard Instl Trgt Retire 2020 Instl (06/15)
Morningstar Lifetime Mod 2020 TR USD
www.LincolnFinancial.com
1.46
2.50
--6.17
--5.95
0.44
Vanguard Instl Trgt Retire 2025 Instl (06/15)
Morningstar Lifetime Mod 2025 TR USD
www.LincolnFinancial.com
0.81
1.79
--6.57
--5.98
-0.39
Vanguard Instl Trgt Retire 2030 Instl (06/15)
Morningstar Lifetime Mod 2030 TR USD
www.LincolnFinancial.com
0.04
0.74
--6.86
--6.00
-1.35
Bond funds
Other
LCY-004 page 17 of 31
Chart 1 - Variable return investments
Average annual total returns as of
June 30, 2016
Investment options
1-yr.
5-yr.
10-yr.
Since inception
Vanguard Instl Trgt Retire 2035 Instl (06/15)
Morningstar Lifetime Mod 2035 TR USD
www.LincolnFinancial.com
-0.68
-0.33
--6.96
--6.00
-2.24
Vanguard Instl Trgt Retire 2040 Instl (06/15)
Morningstar Lifetime Mod 2040 TR USD
www.LincolnFinancial.com
-1.46
-1.10
--6.90
--5.98
-3.19
Vanguard Instl Trgt Retire 2045 Instl (06/15)
Morningstar Lifetime Mod 2045 TR USD
www.LincolnFinancial.com
-1.51
-1.49
--6.73
--5.92
-3.24
Vanguard Instl Trgt Retire 2050 Instl (06/15)
Morningstar Lifetime Mod 2050 TR USD
www.LincolnFinancial.com
-1.47
-1.70
--6.56
--5.87
-3.20
Vanguard Instl Trgt Retire 2055 Instl (06/15)
Morningstar Lifetime Mod 2055 TR USD
www.LincolnFinancial.com
-1.47
-1.86
--6.38
--5.79
-3.20
Vanguard Instl Trgt Retire 2060 Instl (06/15)
Morningstar Lifetime Mod 2060 TR USD
www.LincolnFinancial.com
-1.54
-2.03
--6.26
--5.82
-3.27
Vanguard Instl Trgt Retire Inc Instl (06/15)
Morningstar Lifetime Mod Incm TR USD
www.LincolnFinancial.com
3.37
2.55
--4.46
--5.31
3.02
LCY-004 page 18 of 31
Chart 2 – Fixed return investments
Chart 2 focuses on the performance of investment options that have a fixed or stated rate of return. The
chart displays the credited rate of return of each such option, the term or length of time that you will earn
this rate of return, and other information relevant to performance.Chart 2 - Fixed return investments
Investment options
Rate Type
Return
Term
--1.71
1.00
Quarterly
Quarterly
1 - 99 yrs
Lincoln Stable Value Separate
Acct -Z38
New money rate
Portfolio rate
Guaranteed minimum interest rate
Lincoln reserves the right to adjust the fixed or stated rate of return prospectively during the term of the contract or agreement. The most
current rate of return is available at 800-234-3500.
If the Guaranteed Minimum Interest Rate listed above is higher than the Portfolio rate and/or the New
money rate, Lincoln's Guaranteed Minimum Interest Rate will be the actual rate credited to your account.
Chart 3 – Fee and expense information
Chart 3 displays fee and expense information for the investment options listed in the prior two charts
(Chart 1 and Chart 2). It indicates the total annual operating expenses of the options in Chart 1. Total
annual operating expenses are expenses that reduce the rate of return of the investment option. This
chart also shows shareholder-type fees. These fees are in addition to total annual operating expenses.
Chart 3 - Fees and expenses
Investment option
Total annual
operating expenses
Net operating
expenses
Shareholder-type
fees and transfertype restrictions
As a %
Per $1000
As a %
Per $1000
American Funds Europacific Growth R6
0.50%
$5.00
0.50%
$5.00
---
American Funds New Perspective R6
0.45%
$4.50
0.45%
$4.50
---
American Funds Washington Mutual R6
0.30%
$3.00
0.30%
$3.00
---
Calvert US Large Cap Core Rspnb Idx I
0.38%
$3.80
0.19%
$1.90
---
T. Rowe Price Growth Stock I
0.52%
$5.20
0.52%
$5.20
---
T. Rowe Price New Horizons I
0.67%
$6.70
0.67%
$6.70
---
Vanguard Institutional Index I
0.04%
$0.40
0.04%
$0.40
---
Vanguard Mid Cap Index I
0.07%
$0.70
0.07%
$0.70
---
Vanguard Selected Value Inv
0.39%
$3.90
0.39%
$3.90
---
Vanguard Small Cap Index I
0.07%
$0.70
0.07%
$0.70
---
Equity funds
LCY-004 page 19 of 31
Chart 3 - Fees and expenses
Investment option
Total annual
operating expenses
Net operating
expenses
Shareholder-type
fees and transfertype restrictions
As a %
Per $1000
As a %
Per $1000
Vanguard Total Intl Stock Index I
0.10%
$1.00
0.10%
$1.00
---
Victory Integrity Small-Cap Value R6
1.01%
$10.10
1.01%
$10.10
---
Victory Munder Mid-Cap Core Growth R6
0.88%
$8.80
0.88%
$8.80
---
Baird Core Plus Bond Inst
0.30%
$3.00
0.30%
$3.00
---
Metropolitan West Total Return Bond Plan
0.40%
$4.00
0.39%
$3.90
---
PIMCO Total Return Instl
0.46%
$4.60
0.46%
$4.60
---
Vanguard Inflation-Protected Secs I
0.07%
$0.70
0.07%
$0.70
---
Vanguard Instl Trgt Retire 2010 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2015 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2020 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2025 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2030 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2035 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2040 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2045 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2050 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2055 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire 2060 Instl
0.10%
$1.00
0.10%
$1.00
---
Vanguard Instl Trgt Retire Inc Instl
0.10%
$1.00
0.10%
$1.00
---
Bond funds
Other
Fixed return investments
LCY-004 page 20 of 31
Chart 3 - Fees and expenses
Total annual
operating expenses
Investment option
Lincoln Stable Value Separate Acct -Z38
Net operating
expenses
As a %
Per $1000
As a %
Per $1000
0.00%
$0.00
0.00%
$0.00
Shareholder-type
fees and transfertype restrictions
Transfers from this
investment option to
competing funds may
be restricted. Transfers
may be made to
noncompeting funds if
there are no
subsequent transfers
to competing funds
within 90 days.
Frequent trading policy: Transactions associated with market timing – such as frequent, large, or short-term transfers among
investment options – can affect the underlying funds and their investments. Lincoln therefore reviews the number of transfers that a
participant makes within given periods of time to determine if any transfer attempts to capitalize upon short-term movements in the
equity markets (Market Timing Policy). If so, the participant's transfer activity will be subject to further scrutiny. Potential market
timing or frequent trading may result in future trading restrictions, up to and including temporary (or permanent) revocation of
telephone exchange privileges.
Total annual operating expense: Expenses that reduce the rate of return of the investment option.
Net Operating Expense: Total annual operating expense net of any applicable fund company waivers/reimbursements.
The cumulative effect of fees and expenses can substantially reduce the growth of your retirement
savings. For an example of the long-term effects of fees and expenses on your retirement account, visit
the Department of Labor website at http://www.dol.gov/ebsa/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 consider whether an investment in a particular option, along with your other investments, may
help you achieve your financial goals.
Please visit LincolnFinancial.com for a glossary of investment terms relevant to the investment options
under this plan. This glossary is intended to help you better understand the terms used in this document.
Important Disclosures. Please read.
®
Mutual funds in the Lincoln Alliance program are sold by prospectus. The program includes certain
services provided by Lincoln Financial Advisors Corp. (LFA), a broker-dealer (member FINRA) and an affiliate
of Lincoln Financial Group, 1300 S. Clinton St., Fort Wayne, IN 46802. Unaffiliated broker-dealers also may
provide services to customers.
The stable value option may be offered as a fixed annuity through Lincoln Financial Group affiliates or as a collective
trust through independent third-party trust companies.
The Morningstar Insight Series is not an investment option. It is a fund lineup chosen by Morningstar Investment
®
Management LLC from the investment options that are available in the Lincoln Alliance program. Morningstar
Investment Management LLC is a registered investment advisor and subsidiary of Morningstar, Inc. Neither
Morningstar Investment Management LLC nor Morningstar are affiliated with the Lincoln Financial Group. The
Morningstar name and logo are registered marks of Morningstar, Inc. Morningstar Investment Management LLC, 22
W. Washington Street, Chicago, IL 60602.
TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP
Company, Inc. and The Toronto-Dominion Bank. ©2012 TD Ameritrade IP Company, Inc. All rights reserved. Used
with permission.
TD Ameritrade is not an affiliate of Lincoln Financial Group.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are
separately responsible for their own financial and contractual obligations.
LCY-004 page 21 of 31
Commissions and Service Fees
PO Box 2226 Omaha, NE 68103-2226
Fax: 800-914-8980
1. COMMISSIONS & TRANSACTION FEE
Please note: Your Plan may restrict certain investments and not
all commissions shown may be applicable.
Stocks & ETFs1
Trade Unlimited Shares (market, limit, and stop orders)
Price
• Commission-Free ETFs2
No Commission
• Internet orders
$9.99
• Interactive Voice Response (IVR) phone system orders
$14.99
• Broker-assisted orders
$24.99
14. Orders executed in multiple lots on the same trading day will be charged a
single commission. When an order is partially executed over multiple trading
days, the order is subject to a separate commission charge for
each trading day.
15. To trade commission-free ETFs, you must be enrolled in the program. If you
sell an eligible ETF within 30 days of it being purchased commission-free, a
short-term trading fee will apply.
Options
• Options3
Price
$9.99 + $0.75 per contract
Mutual Funds
Fund Type
• No Load
• Load
• NTF
Price
$25
No Fee4
No Fee5
17. The Fund Family will charge fees as detailed in the fund prospectus.
18. No-Transaction-Fee (NTF) mutual funds are no-load mutual funds for which
TD Ameritrade does not charge a transaction fee. NTFs, as well as other
funds, have other continuing fees and expenses described in the fund’s
prospectus. TD Ameritrade receives remuneration from fund companies for
record-keeping, shareholder and other administrative services. The amount of
remuneration is based in part on the amount of investments in such funds by
TD Ameritrade clients. Almost all funds held 90 days or less will be subject to
a short-term redemption fee of $49.99. This fee is in addition to any applicable
transaction fees or fees described in the fund’s prospectus.
Fixed-Income6
• All buy orders for bonds are subject to a five-bond ($5,000 par
value) minimum.
16. Option Exercises and assignments will incur a $19.99 commission.
• Treasuries at Auction $25 Flat Fee
Options involve risks and are not suitable for all investors. On a SelfDirected Brokerage Account (SDBA), options trading level is dependent on
Plan approval. To apply for options trading privileges, please complete the
TD Ameritrade Plan Participant and Plan Trustee Account Upgrade Form.
Some accounts, such as options-approved accounts, are required to receive
monthly statements either electronically (free) or via U.S. mail.
• Online CD buy orders are subject to a two-CD ($2,000 par
value) minimum.
19. TD Ameritrade may act as principal on any fixed-income transaction.
When acting as principal, we will add a markup to any purchase and
subtract a markdown from every sale. This markup or markdown will be
included in the price quoted to you.
2. FEE SCHEDULE7
TD Ameritrade offers low commissions, but some services require additional charges.
Reorganization Fees
Deposit8: $25
Non-mandatory and tender offers10: $30
Mandatory9: $20
Withdrawal from tender offer11: $10
Duplicate Statements and Confirmations
$5 per copy (no charge for electronic documents)
Research Fee12
$60 per hour
Alternative Investments Fees
Alternative Investments include limited partnerships, private placements, restricted securities, and other assets not traded on a national market.
Per-Transaction Fee: $100
Custody Holding Fee: $250 per year per asset
13
Fees charged may vary by program, location, or arrangements. Additional fees may apply to certain plans. Please contact your
TD Ameritrade representative for further information. Fees are subject to change upon 30 days’ notice to you. All prices shown in U.S. dollars.
20. All service fees subject to change. TD Ameritrade reserves the right to pass-through Regulatory Fees, foreign transaction taxes, and other fees to client
accounts, which may be assessed under various U.S. regulations or imposed by foreign governments. Fees may include any of the following: a sales fee on
certain sell transactions (assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934), the Options Regulatory Fee (applicable to
options transactions), and foreign transaction taxes and fees, among other charges.
21. Applies when a security has gone through a mandatory reorganization before the certificate is deposited into an account.
22. Applies when a security has gone through a mandatory reorganization for all shares held in an account, including those pending trade settlement, on the
effective date of the reorganization.
23.
Applies when a client chooses to participate in a non-mandatory reorganization off.
24. Applies when a client chooses to withdraw from a non-mandatory reorganization off.
25. Research is conducted subsequent to specific and usually disputed account activities.
26. TD Ameritrade may, at its discretion, allow alternative investments to be received into the account, subject to applicable fees. Such assets will be held for
liquidation purposes only.
Investment Products: Not FDIC Insured * No Bank Guarantee * May Lose Value
TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and
The Toronto-Dominion Bank. © 2014 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission.
Effective 10/3/14
Page 1 of 1
SDPS 1009F 10/14
November 2016
MAPPING NOTICE
Important notice concerning your rights under the Silverton Hospital “Plan Your Future” Plan
HOW YOUR ACCOUNT WILL TRANSFER FROM THE SILVERTON HOSPITAL “PLAN YOUR FUTURE” PLAN
TO THE LEGACY HEALTH 403(B) PLAN
SM
Current Silverton Hospital LifeSpan Model Participants will be mapped into the Legacy Health 403(b) Plan QDIA,
which is the Vanguard Target Date Fund based on your projected retirement year. If you are not invested in a
SM
LifeSpan model, you will be mapped according to the mapping grid below.
Your
account
balance in
this
investment
option
Ticker/CUSIP
Will
transfer to
this
investment
option in
the Legacy
Health
403(b) Plan
Ticker/CUSIP
(SDBA)
Ameritrade
Self
Brokerage Account
(SDBA)
Ameritrade
Self
Brokerage Account
CSIEX
Calvert Equity Ptfl A
►
CISIX
Calvert US Large Cap Core
Responsible Index I
MACGX
Mg Stnly Mid Cap Grth P
►
MGOSX
Victory Munder Mid Cap Core
Growth R6
TRREX
T Rowe Price Real Estate
►
VMCIX
Vngard Mid Cap Index
NINDX
Columbia Large Cap Index Z
►
VINIX
Vngard Institutional Index
VSCAX
Invsco Small Cap Value
►
MVSSX
Victory Intergrity
Value R6
BSCFX
Baron Small Cap
►
PRJIX
T. Rowe New Horizons I
TWVLX
Am Cntry Value Inv
►
RWMGX
Am Fds Washington Mutual R6
RLBFX
Am Fds American Balanced
►
Vanguard
Target
Dates
Map to Target Dates by birth
year
MUETX
MFS Blnd Rsch Core Eqty
►
VINIX
Vnguard Institutional Index
MVCHX
MFS Mid Cap Value
►
VASVX
Vanguard Selected Value
DVLIX
Dryfs Opp Mdcp Val I
►
VMCIX
Vnguard Mid Cap Index
FCGAX
Frnkln Growth Adv
►
PRUFX
T. Rowe Price Growth Stock I
►
Directed ►
Directed
Small
Cap
RERFX
MWTRX
Am Fds Eupac Grth R5
►
Lincoln Stable Value Z14
►
Mtr West Total Return Bnd
►
RERGX
Am Fds Europacific Growth R6
Lincoln Stable Value Z38
MWTSX
Metropolitan West Total Return
Bond Fund Plan
This notice has been updated with the corrected share classes sent in December 2016.
®
Mutual funds in the Lincoln Alliance program are sold by prospectus. An investor should carefully
consider the investment objectives, risks, and charges and expenses of the investment company before
investing. The prospectus and, if available, the summary prospectus contain this and other important
information and should be read carefully before investing or sending money. Investment values will
fluctuate with changes in market conditions, so that upon withdrawal, your investment may be worth more
or less than the amount originally invested. Prospectuses for any of the mutual funds in the Lincoln
®
Alliance program are available at 800-234-3500.
®
The Lincoln Alliance program includes certain services provided by Lincoln Financial Advisors Corp. (LFA), a
broker-dealer (member FINRA) and an affiliate of Lincoln Financial Group, 1300 S. Clinton St., Fort Wayne, IN
46802. Unaffiliated broker-dealers also may provide services to customers.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates, including Lincoln
Retirement Services Company, LLC. Affiliates are separately responsible for their own financial and contractual
obligations.
© 2016 Lincoln National Corporation
PAD-1645018-111516
Legacy Health 403(b) Plan
Legacy Health Matched Savings 401(a) Plan
Qualified Default Investment Alternative (QDIA) Employee Notice
Purpose of this notice
Legacy Health maintains the Legacy Health 403(b) Plan and Legacy Health Matched Savings 401(a) Plan to help you attain
financial security during your retirement years. As a participant, you decide how your retirement plan dollars will be invested in
the designated investment alternatives available in the plan. If you do not make an investment election, your contributions will be
invested in the Qualified Default Investment Alternative (QDIA).
This Qualified Default Investment Alternative (QDIA) Participant Notice:
This QDIA employee notice:
1) Describes when the QDIA will be used
2) Provides details regarding the QDIA selected
3) Outlines your right to direct the investment of your plan dollars to other investments available in the plan or to elect not to have
contributions withheld from your pay, if applicable
4) Explains where additional information can be obtained regarding those additional investment alternatives
Keep this disclosure with your Summary Plan Description and other retirement plan documents.
When the default fund will be used:
The plan is a participant-directed plan, giving you the right to direct the investment of assets in your plan account among the
designated investment alternatives available in the plan. In the absence of an investment election, your future contributions will
be invested in the plan’s QDIA under any of the following circumstances:
•
You have made a salary reduction election without an investment election.
•
An employer contribution has been made on your behalf but you have not provided an investment election.
•
The plan contains an automatic enrollment feature and you did not make an investment election during the notice period. 3%
of your eligible compensation will be contributed to the plan as an elective contribution. You have the right to elect not to have
such automatic contributions made to the plan on your behalf and the right to elect to have such automatic contributions
made at a different percentage. Please contact the Plan Administrator for more information.
You have made investment elections that do not equal 100% or you have elected an investment that is no longer available in
the plan.
If the assets in your plan account are invested in the plan’s QDIA, you can direct the investment of those assets to any other
designated investment alternative under the plan. Please note, ongoing investment and account fees may apply. Please see
“Investment Elections” later in this notice for more information on making investment elections.
•
Your employer has chosen target-date funds, based on date of retirement, as the plan’s QDIA:
The plan’s QDIA is the appropriate target-date fund, based on the year of normal retirement as determined by your Plan. Each
fund contains a combination of bond-based and stock-based funds and targets a period that contains the year in which you attain
normal retirement age.
Investment Name
Fund ID
Retirement Year
Net Fees
Vanguard Instl Trgt Retire 2060 Instl
VILVX
2058 and After
0.10%
Vanguard Instl Trgt Retire Inc Instl
VITRX
Prior to 2008
0.10%
Vanguard Instl Trgt Retire 2010 Instl
VIRTX
2008 to 2012
0.10%
Vanguard Instl Trgt Retire 2015 Instl
VITVX
2013 to 2017
0.10%
Vanguard Instl Trgt Retire 2020 Instl
VITWX
2018 to 2022
0.10%
Vanguard Instl Trgt Retire 2025 Instl
VRIVX
2023 to 2027
0.10%
Vanguard Instl Trgt Retire 2030 Instl
VTTWX
2028 to 2032
0.10%
Vanguard Instl Trgt Retire 2035 Instl
VITFX
2033 to 2037
0.10%
Vanguard Instl Trgt Retire 2040 Instl
VIRSX
2038 to 2042
0.10%
Vanguard Instl Trgt Retire 2045 Instl
VITLX
2043 to 2047
0.10%
Vanguard Instl Trgt Retire 2050 Instl
VTRLX
2048 to 2052
0.10%
Vanguard Instl Trgt Retire 2055 Instl
VIVLX
2053 to 2057
0.10%
Net Fees as of 06/30/2016
•
Fund Name / ID: Vanguard Instl Trgt Retire 2060 Instl (VILVX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2060 (the target year).
As of September 30, 2015, the fund's asset allocation among the underlying funds was as follows: Vanguard Total
Stock Market Index Fund 54.0%; Vanguard Total International Stock Index Fund 36.0%; Vanguard Total Bond
Market II Index Fund 7.0%; Vanguard Total International Bond Index Fund 3.0%.
Principal Risk and Return Characteristics: Interest Rate, Market/Market Volatility, Equity Securities, Fixed-Income
Securities, Management, Target Date, Credit and Counterparty, Prepayment (Call), Currency, Loss of Money, Not
FDIC Insured, Country or Region, Income
•
Fund Name / ID: Vanguard Instl Trgt Retire Inc Instl (VITRX)
Investment Objective: The investment seeks to provide current income and some capital appreciation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors currently in retirement. As of September 30, 2015, the fund's asset allocation among the
underlying funds was as follows: Vanguard Total Bond Market II Index Fund 37.2%; Vanguard Total Stock Market
Index Fund 18.1%; Vanguard Short-Term Inflation-Protected Securities Index Fund 16.8%; Vanguard Total
International Bond Index Fund 15.9%; Vanguard Total International Stock Index Fund 12.0%.
Principal Risk and Return Characteristics: Credit and Counterparty, Prepayment (Call), Currency, Loss of Money,
Not FDIC Insured, Country or Region, Income, Interest Rate, Market/Market Volatility, Equity Securities, FixedIncome Securities, Management
•
Fund Name / ID: Vanguard Instl Trgt Retire 2010 Instl (VIRTX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2010. As of September
30, 2015, its asset allocation among the underlying funds was as follows: Vanguard Total Bond Market II Index
Fund 35.5%; Vanguard Total Stock Market Index Fund 20.7%; Vanguard Total International Stock Index Fund
13.7%; Vanguard Total International Bond Index Fund 15.2%; Vanguard Short-Term Inflation-Protected Securities
Index Fund 14.9%.
Principal Risk and Return Characteristics: Fixed-Income Securities, Management, Target Date, Credit and
Counterparty, Prepayment (Call), Currency, Loss of Money, Not FDIC Insured, Country or Region, Income, Interest
Rate, Market/Market Volatility, Equity Securities, Underlying Fund/Fund of Funds
•
Fund Name / ID: Vanguard Instl Trgt Retire 2015 Instl (VITVX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2015. As of September
30, 2015, its asset allocation among the underlying funds was as follows: Vanguard Total Stock Market Index Fund
29.3%; Vanguard Total Bond Market II Index Fund 29.8%; Vanguard Total International Stock Index Fund 19.5%;
Vanguard Total International Bond Index Fund 12.8%; Vanguard Short-Term Inflation-Protected Securities Index
Fund 8.6%.
Principal Risk and Return Characteristics: Credit and Counterparty, Prepayment (Call), Currency, Loss of Money,
Not FDIC Insured, Country or Region, Income, Interest Rate, Market/Market Volatility, Equity Securities, FixedIncome Securities, Management, Target Date
•
Fund Name / ID: Vanguard Instl Trgt Retire 2020 Instl (VITWX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2020 (the target year).
As of September 30, 2015, the fund's asset allocation among the underlying funds was as follows: Vanguard Total
Stock Market Index Fund 35.5%; Vanguard Total Bond Market II Index Fund 28.1%; Vanguard Total International
Stock Index Fund 23.6%; Vanguard Total International Bond Index Fund 12.0%.
Principal Risk and Return Characteristics: Credit and Counterparty, Prepayment (Call), Currency, Loss of Money,
Not FDIC Insured, Country or Region, Income, Interest Rate, Market/Market Volatility, Equity Securities, FixedIncome Securities, Management, Target Date
•
Fund Name / ID: Vanguard Instl Trgt Retire 2025 Instl (VRIVX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2025 (the target year).
As of September 30, 2015, the fund's asset allocation among the underlying funds was as follows: Vanguard Total
Stock Market Index Fund 40.2%; Vanguard Total International Stock Index Fund 26.7%; Vanguard Total Bond
Market II Index Fund 23.2%; Vanguard Total International Bond Index Fund 9.9%.
Principal Risk and Return Characteristics: Credit and Counterparty, Prepayment (Call), Currency, Loss of Money,
Not FDIC Insured, Country or Region, Income, Interest Rate, Market/Market Volatility, Equity Securities, FixedIncome Securities, Management, Target Date
•
Fund Name / ID: Vanguard Instl Trgt Retire 2030 Instl (VTTWX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2030 (the target year).
As of September 30, 2015, the fund's asset allocation among the underlying funds was as follows: Vanguard Total
Stock Market Index Fund 44.6%; Vanguard Total International Stock Index Fund 29.7%; Vanguard Total Bond
Market II Index Fund 18.0%; Vanguard Total International Bond Index Fund 7.7%.
Principal Risk and Return Characteristics: Credit and Counterparty, Prepayment (Call), Currency, Loss of Money,
Not FDIC Insured, Country or Region, Income, Interest Rate, Market/Market Volatility, Equity Securities, FixedIncome Securities, Management, Target Date
•
Fund Name / ID: Vanguard Instl Trgt Retire 2035 Instl (VITFX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2035 (the target year).
As of September 30, 2015, the fund's asset allocation among the underlying funds was as follows: Vanguard Total
Stock Market Index Fund 49.2%; Vanguard Total International Stock Index Fund 32.7%; Vanguard Total Bond
Market II Index Fund 12.7%; Vanguard Total International Bond Index Fund 5.4%.
Principal Risk and Return Characteristics: Credit and Counterparty, Prepayment (Call), Currency, Loss of Money,
Not FDIC Insured, Country or Region, Income, Interest Rate, Market/Market Volatility, Equity Securities, FixedIncome Securities, Management, Target Date
•
Fund Name / ID: Vanguard Instl Trgt Retire 2040 Instl (VIRSX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2040 (the target year).
As of September 30, 2015, the fund's asset allocation among the underlying funds was as follows: Vanguard Total
Stock Market Index Fund 53.6%; Vanguard Total International Stock Index Fund 35.7%; Vanguard Total Bond
Market II Index Fund 7.5%; Vanguard Total International Bond Index Fund 3.2%.
Principal Risk and Return Characteristics: Credit and Counterparty, Prepayment (Call), Currency, Loss of Money,
Not FDIC Insured, Country or Region, Income, Interest Rate, Market/Market Volatility, Equity Securities, FixedIncome Securities, Management, Target Date
•
Fund Name / ID: Vanguard Instl Trgt Retire 2045 Instl (VITLX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2045 (the target year).
As of September 30, 2015, the fund's asset allocation among the underlying funds was as follows: Vanguard Total
Stock Market Index Fund 54.0%; Vanguard Total International Stock Index Fund 36.0%; Vanguard Total Bond
Market II Index Fund 7.0%; Vanguard Total International Bond Index Fund 3.0%.
Principal Risk and Return Characteristics: Credit and Counterparty, Prepayment (Call), Currency, Loss of Money,
Not FDIC Insured, Country or Region, Income, Interest Rate, Market/Market Volatility, Equity Securities, FixedIncome Securities, Management, Target Date
•
Fund Name / ID: Vanguard Instl Trgt Retire 2050 Instl (VTRLX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2050 (the target year).
As of September 30, 2015, the fund's asset allocation among the underlying funds was as follows: Vanguard Total
Stock Market Index Fund 54.0%; Vanguard Total International Stock Index Fund 36.0%; Vanguard Total Bond
Market II Index Fund 7.0%; Vanguard Total International Bond Index Fund 3.0%.
Principal Risk and Return Characteristics: Credit and Counterparty, Prepayment (Call), Currency, Loss of Money,
Not FDIC Insured, Country or Region, Income, Interest Rate, Market/Market Volatility, Equity Securities, FixedIncome Securities, Management, Target Date
•
Fund Name / ID: Vanguard Instl Trgt Retire 2055 Instl (VIVLX)
Investment Objective: The investment seeks to provide capital appreciation and current income consistent with its
current asset allocation.
Investment Strategy: The fund invests in other Vanguard mutual funds according to an asset allocation strategy
designed for investors planning to retire and leave the workforce in or within a few years of 2055 (the target year).
As of September 30, 2015, the fund's asset allocation among the underlying funds was as follows: Vanguard Total
Stock Market Index Fund 54.0%; Vanguard Total International Stock Index Fund 36.0%; Vanguard Total Bond
Market II Index Fund 7.0%; Vanguard Total International Bond Index Fund 3.0%.
Principal Risk and Return Characteristics: Loss of Money, Not FDIC Insured, Country or Region, Income, Interest
Rate, Market/Market Volatility, Equity Securities, Underlying Fund/Fund of Funds, Fixed-Income Securities,
Management, Target Date, Credit and Counterparty, Prepayment (Call), Currency
Investment elections
You may direct the investment of future contributions made to your account and of your existing plan account balance as follows:
•
•
You may change investment elections for future contributions.
You may change the investment elections for any existing account balances invested in the plan’s QDIA.
If you are defaulted into the Plan and subsequently change investment options for future contributions or existing assets, your
future contributions and current assets will both be redirected to the new investment options.
To direct the investment of plan account contributions or assets, you make investment elections in the following manner:
For new participants:
•
You may submit your completed Enrollment Form with your investment elections.
For existing participants:
You may make investment elections in one of three ways*:
•
•
•
You may access the Lincoln secure website, 24 hours a day, 7 days a week: LincolnFinancial.com.
You may utilize the Lincoln automated telephone access system toll-free at 800-234-3500.
You may call the Customer Contact Center at 800-234-3500, Monday through Friday, from 8:00 am to 8:00 pm Eastern Time.
*Access may be subject to system availability
The New York Stock Exchange closes for trading at 4:00 pm Eastern Time on most business days. Therefore,
transactions we receive before market close will be assigned that day’s closing unit price. Transactions we receive
after market close, or on a weekend or holiday, will be assigned the closing unit price for the next business day.
Additional Information
You may view additional information on other investment options available in the plan by visiting LincolnFinancial.com.
SUMMARY ANNUAL REPORT FOR
LEGACY HEALTH SYSTEM 403(B) PLAN
This is a summary of the annual report for the LEGACY HEALTH SYSTEM 403(B) PLAN (Employer Identification
Number 23-7426300, Plan Number 003) for the plan year 01/01/2015 through 12/31/2015. The annual report has
been filed with the Employee Benefits Security Administration, as required under the Employee Retirement Income
Security Act of 1974 (ERISA).
Basic Financial Statement
Benefits under the plan are provided by insurance contracts and a trust fund. Plan expenses were $41,622,298.
These expenses included $72,919 in administrative expenses and $41,146,919 in benefits paid to participants and
beneficiaries, and $402,460 in other expenses. A total of 15214 persons were participants in or beneficiaries of the
plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.
The value of plan assets, after subtracting liabilities of the plan, was $597,506,279 as of the end of the plan year,
compared to $565,829,979 as of the beginning of the plan year. During the plan year the plan experienced a change
in its net assets of $31,676,300. This change includes unrealized appreciation or depreciation in the value of plan
assets; that is, the difference between the value of the plan's assets at the end of the year and the value of the
assets at the beginning of the year or the cost of assets acquired during the year. The plan had total income of
$73,298,598, including employer contributions of $0, employee contributions of $62,269,225, and earnings from
investments of $3,865,284.
Your Rights to Additional Information
You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below
are included in that report:
1. An accountant's report.
2. Financial information and information on payments to service providers.
3. Assets held for investment.
4. Insurance information, including sales commissions paid by insurance carriers.
To obtain a copy of the full annual report, or any part thereof, write or call the plan administrator, at 1919 NW
LOVEJOY STREET, PORTLAND, OR 97209-1566 and phone number, 503-415-5600. The charge to cover copying
costs will be $5.00 for the full annual report, or $0.25 per page for any part thereof.
You also have the right to receive from the plan administrator, on request and at no charge, a statement of the
assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and
accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two
statements and accompanying notes will be included as part of that report. The charge to cover copying costs given
above does not include a charge for the copying of these portions of the report because these portions are furnished
without charge.
You also have the legally protected right to examine the annual report at the main office of the plan: 1919 NW
LOVEJOY STREET, PORTLAND, OR 97209-1566, and at the U.S. Department of Labor in Washington, D.C., or to
obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department
should be addressed to: Public Disclosure Room, Room N-1513, Employee Benefits Security Administration, U.S.
Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.
SUMMARY ANNUAL REPORT FOR
LEGACY HEALTH DEFINED CONTRIBUTION RETIREMENT PLAN
This is a summary of the annual report for the LEGACY HEALTH DEFINED CONTRIBUTION RETIREMENT
PLAN (Employer Identification Number 23-7426300, Plan Number 002) for the plan year 01/01/2015 through
12/31/2015. The annual report has been filed with the Employee Benefits Security Administration, as required under
the Employee Retirement Income Security Act of 1974 (ERISA).
Basic Financial Statement
Benefits under the plan are provided by insurance contracts and a trust fund. Plan expenses were $9,175,674.
These expenses included $0 in administrative expenses and $9,175,674 in benefits paid to participants and
beneficiaries, and $0 in other expenses. A total of 10572 persons were participants in or beneficiaries of the plan at
the end of the plan year, although not all of these persons had yet earned the right to receive benefits.
The value of plan assets, after subtracting liabilities of the plan, was $160,270,277 as of the end of the plan year,
compared to $151,755,321 as of the beginning of the plan year. During the plan year the plan experienced a change
in its net assets of $8,514,956. This change includes unrealized appreciation or depreciation in the value of plan
assets; that is, the difference between the value of the plan's assets at the end of the year and the value of the
assets at the beginning of the year or the cost of assets acquired during the year. The plan had total income of
$17,690,630, including employer contributions of $15,958,359, employee contributions of $1,249, and earnings from
investments of $699,436.
Your Rights to Additional Information
You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below
are included in that report:
1. An accountant's report.
2. Financial information and information on payments to service providers.
3. Assets held for investment.
4. Insurance information, including sales commissions paid by insurance carriers.
To obtain a copy of the full annual report, or any part thereof, write or call the plan administrator, at 1919 NW
LOVEJOY STREET, PORTLAND, OR 97209-1566 and phone number, 503-415-5600. The charge to cover copying
costs will be $5.00 for the full annual report, or $0.25 per page for any part thereof.
You also have the right to receive from the plan administrator, on request and at no charge, a statement of the
assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and
accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two
statements and accompanying notes will be included as part of that report. The charge to cover copying costs given
above does not include a charge for the copying of these portions of the report because these portions are furnished
without charge.
You also have the legally protected right to examine the annual report at the main office of the plan: 1919 NW
LOVEJOY STREET, PORTLAND, OR 97209-1566, and at the U.S. Department of Labor in Washington, D.C., or to
obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department
should be addressed to: Public Disclosure Room, Room N-1513, Employee Benefits Security Administration, U.S.
Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.
Legacy Health 403(b) Plan (“The Plan”)
Universal Availability Notice
This notice provides important information regarding the 403(b) plan in which you are eligible to participate (the
Plan).
You may want to take this opportunity to either (1) begin making pre-tax 403(b) elective deferral contributions or (2)
review your current elections and decide if you want to make changes. Before making any initial elections or
changes, be sure to consult the written plan and any other materials provided to you that explain the terms of the
plan.
When can I enroll?
You are eligible to enroll immediately upon your date of hire.
You may choose your initial elective deferral rate by completing the appropriate application and any other necessary
forms at the time of your initial enrollment.
Follow your plan’s normal process to obtain either a Salary Reduction Agreement or an enrollment form so that you
may choose your elective deferral rate. This may be achieved by visiting LincolnFinancial.com, speaking with a
customer service representative, or requesting it through your plan administrator.
Can I change or stop my elective deferral contributions?
You may change your elective deferral contributions once per pay period during the plan year. You are permitted to
revoke your election at any time during the plan year.
When are my elective deferral contributions effective?
After completing the enrollment requirements, your elective deferral contributions will begin on the next pay period
or as soon as administratively possible.
What is the maximum amount that I can contribute?
The Internal Revenue Code limits the annual contributions you can make to a 403(b) plan and the limits are
adjusted each year. The 2016 limits are as follows:
•
•
•
Elective deferral limit
Age 50 catch-up
15 years of service catch-up
$18,000.00
$6,000.00
$3,000.00*
* The 15 years of service catch-up contribution applies before the age 50 catch-up contribution and is based on a
formula that takes into account all past contributions to the plan and the employee's total years of service to the
employer. The maximum allowable for the 15 years of service catch-up is $3,000 per year up to a $15,000 lifetime
benefit, but an employee's actual catch-up may be lower than this maximum.
Will my employer make additional contributions?
In addition to your pre-tax 403(b) elective deferral contributions, the plan may allow for additional employer
contributions. Please see your written plan for additional contributions that may be available to you under the plan.
Whom do I contact for additional information?
To learn more about 403(b) plans, please visit http://www.irs.gov and search for Publication 571. If you have any
questions about how the plan works or your rights and obligations under the plan, please contact Lincoln Financial
Group at 800-234-3500 on weekdays, 5:00 a.m. to 5:00 p.m. Pacific Time.