Disclosures

For more complete information about any of the mutual funds available within the retirement plan, please call 800-345-2345. Investors should carefully consider the investment objectives, risks, charges and expenses of the fund. Please carefully read the prospectus, which contains this and other important information, before you invest or send money.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund.

Empower Retirement refers to the products and services offered in the retirement markets by Great-West Life & Annuity Insurance Company (GWL&A), Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: NY, NY; and their subsidiaries and affiliates. The trademarks, logos, service marks and design elements used are owned by GWL&A.

Core securities, when offered, are offered through GWFS Equities, Inc. and/or other broker-dealers.

GWFS Equities, Inc., Member FINRA/SIPC, is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company.

Diversification does not ensure a profit and does not protect against loss in declining markets.

Certain underlying funds of the BlackRock LifePath Portfolios may have unique risks associated with investments in foreign/emerging market securities, and/or fixed-income instruments. International investing involves increased risk and volatility due to currency exchange rate changes, political, social or economic instability, and accounting or other financial standards differences. Fixed-income securities generally decline in price when interest rates rise. Real estate funds may be subject to a higher degree of market risk because of concentration in a specific industry, sector or geographical sector, including but not limited to declines in the value of real estate, risk related to general and economic conditions, changes in the value of the underlying property owned by the trust and defaults by the borrower. The fund may invest in futures contracts and other derivatives. This may make the fund more volatile. The gross expense ratio of the fund includes the estimated fees and expenses of the underlying funds. A fund of funds is normally best suited for long-term investors.

The LifePath Portfolios are common or collective trust funds established and maintained by BlackRock Institutional Trust Company, N.A under a declaration of trust. The funds are not required to file a prospectus or registration statement with the SEC, and accordingly, neither is available. The funds are available only to certain qualified retirement plans and governmental plans and are not offered to the general public. Units of the funds are not bank deposits and are not insured or guaranteed by any bank, government entity, the FDIC or any other type of deposit insurance. You should carefully consider the investment objectives, risk, charges, and expenses of the funds before investing. Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than original cost. Past performance is no guarantee of future results. Empower and its affiliates and agents may receive compensation with respect to plan investments, including but not limited to subtransfer agent, recordkeeping, shareholder servicing, 12b-1 or other revenue-sharing fees.

Advised Assets Group, LLC (AAG) uses Financial Engines Advisors L.L.C. (FEA) to provide sub-advisory services. AAG and FEA are federally registered investment advisers. AAG is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company (GWL&A). FEA is a wholly-owned subsidiary of Financial Engines, Inc. More information can be found at www.adviserinfo.sec.gov. Financial Engines, Inc. is an independent company that is not affiliated with Empower Retirement, AAG, its parent company GWL&A, or any other affiliated companies and/or subsidiaries. Financial Engines® is a registered trademark of Financial Engines, Inc. All trademarks, logos, service marks, and design elements used are owned by their respective owners and are used by permission. © 2005-2016 Financial Engines, Inc. All rights reserved. Empower Retirement provides plan recordkeeping and administrative services. Future results are not guaranteed by FEA, AAG or any other party.

A collective fund is not a mutual fund and is exempt from SEC registration. Designed for and exclusively sold to qualified retirement plans and their participants, the funds are not available to individual retail investors.

Cash alternatives are not federally guaranteed and may lose value. Cash alternative portfolios have interest rate, inflation and credit risks that are associated with the underlying assets owned by the portfolio.

Asset allocation and balanced investment options and models are subject to the risks of the underlying funds, which can be a mix of stocks/stock funds and bonds/bond funds. For more information, see the prospectus and/or disclosure documents.

Foreign investments involve special risks, including currency fluctuations, taxation differences and political developments. Investment return and principal value of a variable investment will fluctuate so that an investor's shares/units, when redeemed, may be worth more or less than the original cost.

Some of the data may have been obtained from Standard & Poor's (“S&P”) © 2015 The McGraw-Hill Companies, Inc. S&P is a division of The McGraw-Hill Companies, Inc.