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03.c. Annual Report of Deferred Compensation Plan Advisory Committee (2012)
Central Contra Costa Sanitary District BOARD OF DIRECTORS 3-c. POSITION PAPER Board Meeting Date: March 21, 2013 Subject: RECEIVE THE 2012 ANNUAL REPORT OF THE DEFERRED COMPENSATION PLAN ADVISORY COMMITTEE Submitted By: Initiating Dept. /Div.: Thea Vassallo, CPA, CMA Administrative /Finance & Accounting Finance Manager REVIEWED AND RECOMMENDED FOR BOARD ACTION: ( , V v C. Swanson Provisional General Manager ISSUE: The Deferred Compensation Plan Advisory Committee (Committee) respectfully submits its 2012 Annual Report. RECOMMENDATION: Receive the Annual Report of the Deferred Compensation Plan Advisory Committee for 2012 and provide any comments to staff. FINANCIAL IMPACTS: None. ALTERNATIVES /CONSIDERATIONS: None. BACKGROUND: The Board of Directors approved the establishment of the Committee in January 1982. The scope of activities of the Committee includes: • Establishing internal administrative procedures • Educating participants regarding the Plan • Reviewing emergency withdrawal requests • Reviewing investment performance of the Plan • Submission of an annual report to the Board of Directors and Plan participants The Committee is made up of the following Departmental representatives: Thea Vassallo, Finance Manager — Chairperson David Rolley, Accounting Technician III — Administration Michael Penny, Associate Engineer — Engineering Mark Gratis, Maintenance Crew Leader — Collection System Operations Chuck Burnash, Provisional Senior Engineer — Plant Operations The Deferred Compensation Annual Report was reviewed by the Budget and Finance Committee on March 18, 2013 C:\ Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content.Outlook \DVCG8C5G \PP -Def Comp Ann Report 2012 03 -21 -13 with Inserts (2).doc POSITION PAPER Board Meeting Date: March 21, 2013 subject: RECEIVE THE 2012 ANNUAL REPORT OF THE DEFERRED COMPENSATION PLAN ADVISORY COMMITTEE RECOMMENDED BOARD ACTION: Receive the Annual Report of the Deferred Compensation Plan Advisory Committee for 2012 and provide any comments to staff. Attachments: 1 - 2012 Deferred Compensation Plan Advisory Committee Annual Report C:\ Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content.Outlook \DVCG8C5G \PP -Def Comp Ann Report 2012 03 -21 -13 with Inserts (2).doc Central Contra Costa Sanitary District DEFERRED COMPENSATION PLAN ADVISORY COMMITTEE ANNUAL REPORT JANUARY 2012 — DECEMBER 2012 The Deferred Compensation Plan Advisory Committee (the Committee) was established by the Board of Directors to facilitate the internal administration of the District's Deferred Compensation Plan. The scope of the Committee's activities encompasses the following: • Establish internal District administrative procedures within the provisions of the Deferred Compensation Plan document. • Educate participants regarding the plan provisions by issuing a handbook which summarizes the Deferred Compensation Plan and responding to questions from participants. • Review accountability by the Program Administrators, Hartford Life Insurance Company (Hartford), Nationwide Retirement Solutions, and ICMA Retirement Corporation (ICMA -RC) and respond to participants' queries regarding accuracy or propriety of account balances. • Review participants' requests for emergency withdrawal of funds and make recommendations for acceptance or denial to the Board of Directors. • Review investment performance of the Deferred Compensation Plan on an annual basis. During the period of January 2012 through December 2012, the Committee addressed all of the activities included in its scope of responsibilities through the conscientious efforts of all of the Committee members. In 2012 the District commissioned a benchmark study to determine the reasonableness of the fees being charged by the three carriers. The performance of Hartford, Nationwide Retirement Solutions, and ICMA -RC in administering the Deferred Compensation Plan during the 2012 report is considered to be satisfactory. The performance results of the Hartford, Nationwide Retirement Solutions, and IMCA -RC stock and bond investments for the calendar year 2012 follow. C:\ Users \danderson \AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content.Outlook \DVCG8C5G \PP -Def Comp Ann Report 2012 03 -21 -13 with Inserts (2).doc Please note the following when reviewing Plan results: ■ Market index benchmarks have been provided for comparative purposes only. These indexes reflect broad based changes in the market conditions based on average performance. Indices are unmanaged and reflect no fees or expenses and are not available for direct investment. ■ Rate of returns quoted by providers and fund managers include reinvestment of capital appreciation (depreciation), plus realized gain (losses), dividends and interest income. ■ All rate of return performance results are net of annual asset -based fees, which include fund manager fees and expenses, marketing fees and plan administrative fees. ■ In general, plan administrative fees are charged by the carriers and differ between the carriers. The basic plan administrative fees are as follows: Nationwide An annual plan administrative fee of .29 percent is deducted from the participants account and is based on the participant's account balance. ICMA There is no plan administrative fee. Hartford The plan administrative fee is .25 percent for all funds with the exception of the General Account. For additional information on fee charges consult with your plan provider. The above information is general information. Additional fees may be incurred for other items such as transfers and withdrawals. See Attachment 1 to this report. ■ Results shown represent past performance and are not a guarantee of future performance. Ask your Plan Representative for a current prospectus for each fund in which you are interested. The current prospectus presents more complete information about the fund including fund charges and expenses. Read it carefully before investing in that option under the Plan. C:\ Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content.Outlook \DVCG8C5G \PP -Def Comp Ann Report 2012 03 -21 -13 with Inserts (2).doc Helpful Definitions ■ Balanced Fund is a mutual fund that invests in a combination of common stock, preferred stock, bonds and short term bonds, to provide both income and capital appreciation, while managing volatility and avoiding excessive risk. ■ Blue Chip Company is used in the context of general stock market investments. Large and creditworthy company. Company renowned for the quality and wide acceptance of its products or services, and for its ability to make money and pay dividends. ■ Dollar Cost Averaging or Constant Dollar Plan is a method of purchasing securities by investing a fixed amount of money at set intervals. The investor buys more shares when the price is low and fewer shares when the price is high, thus reducing the average cost. ■ Dow Jones Industrial Average or DJIA is the best known U.S. index of stocks. It is comprised of 30 actively traded blue -chip stocks, including stocks that trade on the New York Stock Exchange. The Dow, as it is called, is an indicator of how the largest U.S. companies are performing. Measuring the Dow Jones Industrial Average is used to gauge the direction of the stock market. ■ Indexing is a passive instrument strategy consisting of the construction of a portfolio of stocks designed to track the total return performance of an index of stocks. ■ Barclays Capital Aggregate Bond Index is a broad based index, maintained by Barclays Capital and is often used to represent investment grade bonds being traded in the United States. ■ MSCI Europe, Australia/Asia, and far East or EAFE index is the European, Australian, and Far East stock index, computed by Morgan Stanley Capital International. This index is used to measure the general performance of the international market. ■ Model Portfolio fund is a fund that consists of a combination of stocks, bonds and cash equivalents in a preset or predetermined ratio based on market risk tolerance. Model Portfolios are rebalanced, typically every quarter, to maintain adherence to the preset ratio. ■ Mutual Funds are pools of money that are managed by an investment company and regulated by the Investment Company Act of 1940. The investment company purchases securities which become jointly owned by its shareholders. The fund's portfolio is managed by a professional money manager. They offer investors a variety of goals depending on the fund and can invest in equity, debt, cash, real estate, options and futures. C:\ Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content.Outlook \DVCG8C5G \PP -Def Comp Ann Report 2012 03 -21 -13 with Inserts (2).doc ■ NASDAQ, once an acronym for National Association of Securities Dealers Automated Quotations, the NASDAQ is the second largest stock exchange by market capitalization in the world. Large technology stocks have a major effect on this index value. The NASDAQ's main index is the NASDAQ Composite, which has been published since its inception. However, the NASDAQ exchange- traded fund tracks the large -cap NASDAQ -100 index. ■ Standard & Poor's 500 or S &P 500 is an index of blue chip stocks, which measures changes in stock market conditions based on the average performance of 500 widely held common stocks. The S &P 500 is one of the most widely used benchmarks of U.S. equity performance. This index tracks industrial, transportation, financial and utility stocks with heavy emphasis on industrial companies. ■ Treasury Bill or T Bill is a discounted government security that matures in one year or less. It is a negotiable debt obligation issued by the U.S. government. C:\ Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content.Outlook \DVCG8C5G \PP -Def Comp Ann Report 2012 03 -21 -13 with Inserts (2).doc CCCSD Deferred Comp Distribution BY ADMINISTRATOR AND INVESTMENT TYPE CALENDAR YEAR ENDED DECEMBER 31, 2012 NATIONWIDE INVESTMENT TYPE % RETIREMENT ICMA 457 ICMA 401(a) HARTFORD TOTAL STOCK 41.88% $2,420,380 $18,095,498 $10,581,689 $1,646,353 $32,743,920 SAVINGS 38.40% 2,626,755 14,950,595 9,574,831 2,869,115 30,021,296 BALANCED FUNDS 17.23% 1,299,253 5,926,796 6,193,474 54,319 13,473,842 BONDS 2.49% 286,953 958,391 649,955 47,351 1,942,650 TOTAL INVESTMENTS 100.00% $6,633,341 $39,931,280 $26,999,949 $4,617,138 $78,181,708 CCCSD Deferred Comp Distribution BY ADMINISTRATOR December 31, 2012 HARTFORD NATIONWIDE $4,617,138 $6,633,341 5.91 8.49% ICMA 401(a) $26,999,949 34.53% ICMA 457 $39,931,280 51.07% NATIONWIDE ■ ICMA 457 ❑ ICMA 401(a) ❑ HARTFORD CCCSD Deferred Comp Distribution BY INVESTMENT TYPE December 31, 2012 BALANCED FUNDS BONDS $13,473,842 $1,942,650 17.23% 2.49% STOCK $32,743,920 41.88% SAVINGS $30,021,296 38.40% ❑ STOCK ■ SAVINGS ❑ BALANCED FUNDS ❑ BONDS CCCSD Deferred Comp Saving Performance Calendar Year Ended December 31, 2012 Rate of Return ( %) Market Index Benchmark 90 Day T -B ill 0.11% Nationwide - Average annual yield rate Stable Value Fund 1.59% 5 YR CDs 1.09% 3 YR CDs 0.69% 1 YR CDs 0.46% Liquid Savings 0.36% ICMA - Source: ICMA Retirement Corporation Fund Performance Report as of 12131/2012. Vantaaetrust Funds Cash Management 0.00% Plus Funds Plus Fund (401a) 2.46% Plus Fund (457) 2.46% Vantagepoint Funds (VP) are certain funds avaiIablethrough ICMA. These funds are sponsored by the ICMA Retirement Corporation and registered with the U.S. Securities and Exchange Commission. Hartford - Source: Investment Choices Performance Plan Summary Statement as of 12/31/2D12. Money Market -0.25% General Account 4.00% C:\ Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content.Outlook \DVCG8C5G \PP -Def Comp Ann Report 2012 03 -21 -13 with Inserts (2).doc 457 & 401 a Administrator Performance Reports 1. ICMA 2. Nationwide 3. Hartford CENTRAL CONTRA COSTA SANI DIST 1CMA Building Retirement Security The performance data quoted represents past performance, is no guarantee of future results, and is annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance shown. For current performance, contact ICMA -RC by calling 800 - 669 -7400 or by visiting www.icmar(.org. Stable Management Performance for period ended December 31, 2012 tGross tNet Fund Since Inception Expense Expense Investment Code Month Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio Ratio VantageTrust PLUS Fund (Annualized) i, ii 7071 2.30% 2.46% 2.33% 2.46% 2.89% 3.39%1 3.88% 5.20% Jan 1991 0.81% 0.81% VantageTrust Cash Management Fund 0256 0.00% 0.00% 0.00% 0.00% 0.00% 0.51 %1 1.58% - Mar 1999 0.61% 0.61% The 7 -Day Yields below are a better reflection of the earnings of the VantageTrust Cash Management Fund than the quotation of total return in the row above. VantageTrust Cash Management Fund for the period ended December 31, 2012 7 -Day Annualized Current Yield: 0.01 % 7 -Day Annualized Effective Yield: N/A Performance for period ended December 31, 2012 tGross Net Fund Since Inception Expense Expense Investment Code Month Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio Ratio VT Vantagepoint Core Bond Index Fund i, viii, ° 0060 -0.18% 3.98% 0.16% 3.98% 5.98% 5.70% 4.95% - Apr 1999 0.20% 0.20% VT PIMCO Total Return Fund i, ix, viii, a 8177 0.23% 10.08% 1.10% 10.08% 7.48% 8.07% 6.55% 7.46% Sep 1994 10.71 % 0.71% VT Vantagepoint Inflation Protected Securities Fund i, viii, ° 0075 -0.63% 6.84% 0.58% 6.84% 8.08% 6.66% 5.04% - Jul 1992 0.64% 0.64% VT PIMCO High Yield Fund i, ix, viii, a 8176 1.38% 14.27% 3.13% 14.27% 10.54% 8.12% 8.91% 7.95% Jan 1995 #0.80% 0.80% Returns for periods greater than one year are annualized. Page1of6 303896 Investment VT Retirement IncomeAdvantaae Fund', x Investment VT Vantagepoint Milestone Retirement Income Fund', viii, xi, xii VT Vantagepoint Milestone 2010 Fund i, viii, xi, xii VT Vantagepoint Milestone 2015 Fund i, viii, xi, xii VT Vantagepoint Milestone 2020 Fund i, viii, xi, xii VT Vantagepoint Milestone 2025 Fund i, viii, xi, xii VT Vantagepoint Milestone 2030 Fund i, viii, xi, xii VT Vantagepoint Milestone 2035 Fund', viii, xi, xii VT Vantagepoint Milestone 2040 Fund i, viii, xi, xii VT Vantagepoint Milestone 2045 Fund i, viii, xi, xii VT Vantagepoint Milestone 2050 Fund i, viii, xi, xii VT Vantagepoint Model Portfolio Savings Oriented Fund', viii, xii VT Vantagepoint Model Portfolio Conservative Growth Fund f, viii, xii VT Vantagepoint Model Portfolio Traditional Growth Fund i, viii, xii VT Vantagepoint Model Portfolio Long -Term Growth Fund', viii, xii VT Vantagepoint Model Portfolio All- Equity Growth Fund', viii, xii VT Fidelity Puritan® Fund i, viii Investment VT Vantagepoint Equity Income Fund Performance for period ended December 31, 2012 tGross Fund Since Inception Expense Code Month ++Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio 8077 1.08%1 10.16% I 0.93%1 10.16%1 - I - I - I 8.62% Aug 2010 - 1, 2012 Fund Code Month Year to Date Quarter 1 Year 3 Year 5 Year 0250 0.47% 7.18% 0.75% 7.18% 5.47% 3.35% 0257 0.76% 9.53% 0.94% 9.53% 6.42% 3.24% 0258 0.91% 10.25% 1.09% 10.25% 6.95% 2.65% 0259 1.13% 11,25% 1.32% 11.25% 7.28% 2.19% 0260 1.36% 12.24% 1.45% 12.24% 7.70% 1.89% 0261 1.50% 13.28% 1.59% 13.28% 8.08% 1.64% 0262 1.68% 14.47% 1.87% 14.47% 8.56% 1.48% 0263 1.89% 15.33% 1.98% 15.33% 8.88% 1.50% 0264 1.89% 15.49% 2.05% 15.49% 8.76% - 0265 1.95% - 2.05% - - - 0251 0.45% 7.20% 0.72% 7.20% 5.43% 3.58% 0252 0.72% 8.88% 0.92% 8.88% 6.15% 3.16% 0253 1.15% 11.20% 1.23% 11.20% 7.05% 2.52% 0254 1.45% 12.93% 1.58% 12.93% 7.60% 1.88% 0255 1.93% 16.00% 1.93% 16.00% 8.48% 0.73% 7724 0.56% 13.79% 0.15% 13.79% 9.32% 3.23% once Net Expense Ratio Net Expense Ratio 0.85% 0.91% 0.88% 0.84% 0.87% 0.89% 0.90% 0.90% 1.07% 1.49% 0.84% 0.85% 0.88% 0.91% 0.99% 0.60% tGross tNet Fund Since Inception Expense Expense Code Month Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio Ratio 0025 1.88%1 14.33%1 1.670/.l 14.33%1 9.02%1 1.28%1 7.81%1 - Apr 1994 0.82% 0.82% Returns for periods greater than one year are annualized. Page2of6 303896 tGross Since Inception Expense 10 Year Inception Date Ratio - 4.20% Jan 2005 0.85% - 4.51% Jan 2005 0.91% - 4.57% Jan 2005 0.88% - 4.51% Jan 2005 0.84% - 4.49% Jan 2005 0.87% - 4.48% Jan 2005 0.89% - 4.50% Jan 2005 0.90% - 4.53% Jan 2005 0.90% - 8.75% Jan 2010 1.07% - 2.66% Sep 2012 12.59% 4.95% - Feb 1995 0.84% 5.59% - Apr 1996 0.85% 6.31% - Apr 1996 0.88% 7.08% - Apr 1996 0.91% 7.40% - Oct 2000 0.99% 7.16% 11.00% Apr 1947 0.60% Net Expense Ratio Net Expense Ratio 0.85% 0.91% 0.88% 0.84% 0.87% 0.89% 0.90% 0.90% 1.07% 1.49% 0.84% 0.85% 0.88% 0.91% 0.99% 0.60% tGross tNet Fund Since Inception Expense Expense Code Month Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio Ratio 0025 1.88%1 14.33%1 1.670/.l 14.33%1 9.02%1 1.28%1 7.81%1 - Apr 1994 0.82% 0.82% Returns for periods greater than one year are annualized. Page2of6 303896 rertormance for period ended uecember 31, -Lu IL Performance for period ended December 31, 2012 tGross Net Fund Since Inception Expense Expense Investment Code Month Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio Ratio VT Vantagepoint International Fund i, v'", C 0045 3.09%1 18.57%1 5.97%1 18.57%1 5.27%1 -2.55%1 7.79%1 - Oct 1994 0.97% tGross Net Page3of6 Fund 303896 Since Inception Expense Expense Investment Code Month Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio Ratio VTAllionz NFJ Dividend Value Fund ', ix, viii 7312 1.07% 14.01% -0.72% 14.01% 10.06% -0.78% 7.35% 7.09% May 2000 0.96% 0.96% VT Eaton Vance Large -Cap Value Fund ',ix, v"' 7622 1.35% 15.77% 0.21% 15.77% 6.77% -1.37% 6.84% 9.07% Sep 1931 10.98% 0.98% VT Vantagepoint 500 Stock Index Fund ',v "' 0067 0.91% 15.85% -0.39% 15.85% 10.68% 1.49% 6.86% - Apr1999 0.21% 0.21% VT Vantagepoint Broad Market Index Fund', v"' 0080 1.14% 15.82% 0.11% 15.82% 11.09% 2.05% 7.75% - Apr 1999 0.21% 0.21% VT Vantagepoint Growth & Income Fund' v''' 0047 1.36% 16.53% 0.53% 16.53% 9.94% 1.88% 7.10% - Oct 1998 0.78% 0.78% VT Oppenheimer Main Street Fund' "' 8131 0.69% 17.06% -0.35% 17.06% 10.90% 1.68% 6.88% 5.92% Nov 1996 10.54% 0.54% VT Vantagepoint Growth Fund', v "' 0020 0.59% 14.67% -1.47% 14.67% 8.00% -1.17% 4.75% - Apr 1983 0.79% 0.79% VT Fidelity Contrafund®', v "' 7733 0.19% 16.26% -1.59% 16.26% 10.73% 1.97% 9.68% 12.16% May 1967 10.81 % 0.81% VT Calvert Equity Portfolio i, ix, viii 7491 0.77% 15.52% 0.06% 15.52% 9.81% 2.63% 6.49% 7.36% Aug 1987 #1.22% 1.22% VT T Rowe Price® Growth Stock Fund i, viii, xiii 8368 0.27% 18.66% -1.08% 18.66% 11.01% 2.42% 8.02% 4.73% Dec 2001 #0.93% 0.93% VT Vantagepoint Select Value Fund'- v"', b 0022 1.80% 16.55% 3.47% 16.55% 11.88% 4.85% - 3.46% Oct 2007 0.99% 0.99% VT Goldman Sachs Mid Cap Value Fund i, viii, b 7830 2.49% 18.03% 3.67% 18.03% 11.08% 2.85% 9.42% 8.09% Aug 1997 #1.15% 1.15% VT Columbia Mid Cap Value Fund ',ix, viii, b 7517 2.55% 16.84% 4.06% 16.84% 11.37% 1.34% 9.90% 8.07% Nov 2001 10.94% 0.94% VT Vantagepoint Mid /Small Company Index Fund' v "' b 0068 2.68% 18.17% 3.09% 18.17% 13.40% 4.14% 10.62% - Apr 1999 0.22% 0.22% VT Vantagepoint Aggressive Opportunities Fund' v "' b 0026 2.10% 15.44% 2.49% 15.44% 7.20% 1.77% 9.51% - Oct 1994 10.83% 0.83% VT Royce Premier Fund i, ix, viii, b 8244 1.46% 11.14% 5.14% 11.14% 11.54% 5.70% 12.34% 12.20% Sep 2002 11.34% 1.34% VT Harbor Mid Cap Growth Fund i, ix, viii, b 7848 2.16% 21.62% 1.28% 21.62% 10.55% 0.19% 10.16% 9.88% Nov 2002 11.11 % 1.11% VT Rainier Small /Mid Cap Equity Portfolio' -'x, v"', b 8577 1.51% 13.91% 1.17% 13.91% 11.51% -1.62% 9.98% 10.60% May 1994 #1.26% 1.26% VT Vantagepoint Discovery Fund i, viii, b 0023 2.91% 15.74% 0.96% 15.74% 11.05% 3.25% - 1.81% Oct 2007 0.95% 0.95% VT T Rowe Price® Small Cap Value Fund i, ix, viii, xiii, b 8309 3.87% 17.48% 4.32% 17.48% 13.32% 5.60% 10.92% 11.25% Mar 2000 11.23% 1.23% VT Royce Value Plus Fund, Class Service i, viii, b 8247 3.36% 15.25% 0.88% 15.25% 7.49% 0.69% 12.78% 11.31% Jun 2001 11.45% 1.45% rertormance for period ended uecember 31, -Lu IL tGross Net Fund Since Inception Expense Expense Investment Code Month Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio Ratio VT Vantagepoint International Fund i, v'", C 0045 3.09%1 18.57%1 5.97%1 18.57%1 5.27%1 -2.55%1 7.79%1 - Oct 1994 0.97% 0.97% Returns for periods greater than one year are annualized. Page3of6 303896 International/Global Stock Performance for period ended December 31, 2012 tGross Net Fund Since Inception Expense Expense Investment Code Month Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio Ratio VT Vantagepoint Overseas Equity Index Fund i, viii, c 0066 3.88% 18.74% 7.61% 18.74% 3.85% -3.45% 8.08% - Apr 1999 0.31% 0.31% VT Fidelity Diversified International Fund i, ix, viii, c 7753 2.33% 19.41% 5.05% 19.41% 4.13% -4.00% 8.75% 8.47% Dec 1991 #1.01% 1.01% VT Harbor International Fund i, ix, viii, c 7842 3.41% 20.57% 7.73% 20.57% 6.08% -1.15% 11.72% 11.92% Nov 2002 141.04% 1.03% Specialty Performance for period ended December 31, 2012 tGross Net Fund Since Inception Expense Expense Investment Code Month Year to Date Quarter 1 Year 3 Year 5 Year 10 Year Inception Date Ratio Ratio VT Nuveen Real Estate Securities Fund i, viii, d 1 8112 3.60%1 18.34%1 2.54%1 18.34%1 18.60%1 7.26%1 13.44%1 12.41%1 Jun 1995 1 11.04% 1 1.04% Certificates Deposit Window Period: 11 /30/2012 to 12/28/2012 Window Period: 10/31/2012 to 11 /29/2012 Fund Investment Code Annual % Rate Annual % Yield Annual % Rate Annual % Yield VantageTrust Three Year Certificate of Deposit Account', v, vi, vii 7304 0.06% I 0.06% 0.07% 0.07% VantageTrust Five Year Certificate of Deposit Account i, v, vi, vii 7305 0.16% 0.16% 0.19% 0.19% Disclosures Investments listed were available at the time this report was created. Since investment options can change over time, the investments listed may be different from the investment options that were available onDecember 31, 2012. Fund performance is available the 5thbusiness day after month end. Creating this report prior tothat time periodmay result in incomplete information. Additional Information on Fund Expenses and Waivers of Expenses tDefinitions of Expense Ratio Terms Gross Expense Ratio -The annualized amount, expressed as a percentage of your total investment, that you will pay annually for the mutual fund's operating expenses and management fees before any waivers. This amount includes asset based administration fees if applicable. Net Expense Ratio- The amount shown in the gross expense ratio less any expense waivers. The daily portion of this expense is deducted from the fund prior to the fund company's calculation of the daily price reported to the public. This amount includes asset based administration fees if applicable. Expense Waiver Amount- The amount a mutual fund has agreed to waive in order to reduce or limit operating expenses for the fund. Fee waivers may not be available to fund shareholders in the future. Returns for periods greater than one year are annualized. Page4of6 303896 A. An expense waiver or discount of 1.10% exists forth is fund. This reduction is contractual and will expire on April 30, 2014. Some waivers maybe renewed or extended. B. An expense waiver or discount of 0.01 % exists for this fund. This reduction is contractual and will expire on February 28, 2013. Some waivers may be renewed or extended. Risks Associated with Asset Classes a. A rise /fall in the interest rates can have a significant impact on bond prices and the NAV (net asset value) of the fund. Funds that invest in bonds can lose their value as interest rates rise and an investor can lose principal. b. Funds that invest in small and /or mid -sized company stocks typically involve greater risks, particularly in the short-term, than those investing in large, more established companies. C. Foreign investments are subject to more risks not associated with domestic investments (i.e. currency, economy and political risks). d. Funds that concentrate investments in one industry may involve greater risks than more diversified funds, including greater potential for volatility. Investment Specific Footnotes i. Please read Making Sound Investment Decisions: A Retirement Investment Guide ( "Guide') carefully for a complete summary of all fees, expenses, investment objectives and strategies, and risks. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance shown. For current performance, contact ICMA -RC by calling 800 -669 -7400 or by visitingwww.icmarc.org. ii. PLUS Fund return is annualized for all periods. iii. The VantageTrust Cash Management Fund is invested in a single registered mutual fund, the Dreyfus Cash Management money market fund (Participant Shares). Investments in the VantageTrust Cash Management Fund are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. iv. Certain fund service fees have been waived so that a fund will not experience negative returns. All fee waivers are temporary and may be discontinued at any time without notice. V. Open Investment Window — Refers to the date range a plan participant may purchase CD Accounts associated with the published APRs and APYs. Investments will be accepted from the first through the last business day of the open investment window, which will generally run from the last business day of the previous month through the second to last business day of the current month. Amounts to be invested in CD Accounts are initially held in the Bank's Money Market Deposit Account ( "MMDAI), until the open investment window closes. Assets held in the MMDA will earn the Bank's MMDA rate and cannot be withdrawn until after the assets have been invested in the CD Account. At that time early withdrawal penalties could apply. vi. Certificate of Deposit Accounts (CD Accounts) Annual Percentage Rates (APRs) and Annual Percentage Yields (APYs) are valid for investments made into CD Accounts within the related open investment window period. The interest rate is guaranteed until the maturity date of the CD Account. The stated APY assumes that principal and interest remain on deposit until maturity. Withdrawals and fees may reduce earnings on the account. Please be advised that there may be associated penalties for withdrawals from a CD Account prior to the maturity date. Currently, no minimum opening deposit is required. For more information regarding CD Accounts, please contact Investor Services at 800 -669 -7400. vii. ICMA -RC's Annual CD Administrative Fee is assessed against assets invested in CD Accounts and reflected in the interest rate. The administrative fee may be raised or lowered for new CD Accounts but not for existing CD Accounts. No administrative fee is assessed while assets are invested in the MMDA pending investment in CD Accounts. For 1 -year CD Accounts, ICMA -RC's Annual CD Administrative Fee is 0.60 %. For 3 -year and 5 -year CD Accounts, ICMA -RC's Annual CD Administrative Fee is half of the gross rate offered by the Bank, with a maximum fee of 0.60 %. Fees may differ for some plans. viii. This VantageTrust fund invests solely in the shares of a single designated Vantagepoint or third -party mutual fund. ix. Returns provided by Morningstar, Inc. 1M Copyright © 2012. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and /or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA -RC does not independently verify Morningstar data. X. The VantageTrust Retirement IncomeAdvantage Fund (the "Fund") is offered through VantageTrust, a group trust sponsored by the VantageTrust Company, a New Hampshire institution. The Fund invests in a separate account under a group variable annuity issued byPrudential Retirement Insurance and Annuity Company (Prudential), CA COA #08003, Hartford, CT. Neither Prudential nor ICMA -RC guarantees the investment performance or return on contributions to Prudential's separate account. You should carefully consider the objectives, risks, charges, expenses and underlying guarantee features before purchasing this product. Like all variable investments, this Fund may lose value. Availability and terms may vary by jurisdiction; subject to regulatory approvals. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Guarantees are based on Prudential's claims - paying ability. This annuity is issued under Contract form # GA- 2020- TGWB4- 0805 -RC. ICMA -RC provides recordkeeping services to your Plan and is the investment manager of the underlying Prudential separate account. Prudential or its affiliates may compensate ICMA -RC for providing these and related administrative services in connection with the Fund. Before electing the Spousal Benefit (if available) on behalf of any beneficiary not recognized as your spouse under Federal law, be aware that provisions of your plan or the Internal Revenue Code might prevent, limit or otherwise affect the ability of the beneficiary to receive the Spousal Benefit. Prudential, the Prudential logo, and the Rock symbol are service marks of the Prudential Insurance Company of America, Newark, NJ, and its related entities, registered in many jurisdictions worldwide.Note: Participants who are interested in the VantageTrust Retirement IncomeAdvantage Fund must first receive and read the Important Considerations document, before investing. Returns for periods greater than one year are annualized. Page5of6 303896 xi. The fund is not a complete solution for all of your retirement savings needs. An investment in the fund includes the risk of loss, including near, at or after the target date of the fund. There is no guarantee that the fund will provide adequate income at and through an investor's retirement. Selecting the fund does not guarantee that you will have adequate savings for retirement. xii. The expense ratio for a "fund of funds' includes acquired fund fees and expenses, which are expenses incurred indirectly by the fund through its ownership in other mutual funds. xiii. T. Rowe Price® is a registered trademark of T. Rowe Price Group, Inc. - all rights reserved. Returns for periods greater than one year are annualized. Page6of6 303896 2. Nationwide PERFORMANCE RESULTS Investment Performance Information - October 1, 2012 to December 31. 2012 The following are percentage changes in Net Assets (with capital gains and income dividends reinvested) for the funds under the Plan, for the respective periods ended 12/31/2012 The results shown represent past performance and do not represent expected future performance or experience. Past performance does not guarantee future results. Investment return and principal value of en investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the data quoted. Performance data current to the most recent month -end may be obtained by visiting: WWW NATIONALDEFERRED.COM. Please consider the fund's investment objectives, risks, and charges and expenses carefully before investing. The prospectus contains this and other important information about the investment company. Prospectuses are available by calling (800)769 -4457. Read the prospectus carefully before investing. The rates of return do not reflect a maximum deduction of a 0.29% annual plan asset fee, which, if reflected, would reduce the performance shown. Please see other important disclosures at the end of this reporL QUARTERLY REPORT FOR CENT CTRA COSTA SANI 457 PLAN &TRUST Gross Ticker Morningstar Average Annual Return Since Inception Expense Symbol Variable Investment Options Category 3 Month 1 Year 5 Year 10 Year Inception Date Ratio Small -Cap Stocks DFSCX DFA US Micro Cap Small Blend 2.63% 18.24% 4.01% 10.42% 11.65% 1223/81 0.52% BCSIX Brwn Cap Sm Co Inst Small Growth 2.51% 17.47% 7.95% 11.83% 11.08% 12131192 1.35% DSVRX Dray SmCap I (a) Small Va" 3.11% 20.88% 0.32% 7.33% 5.28% 04/01198 1.26% NWUSX NW US SmCap Val Inst Svc Smal Value 3.99% 18.69% 4.54% N/A 4.09% 12/21/07 1.57% International Stocks AEPGX AmFds EuroPadc: Gr A Foreign Large Blend 5.58% 19.21% -1.39% 10.04% 11.39% 04/16184 0.84% TEMFX FnkIrTmp Forgn A (a) Foreign Large Value 8.64% 18.55% -1.95% 8.08% 11.00% 10/05/82 1.17% NV,/USX NW Intl Val Inst Svc Foreign Large Value 6.97% 17.70% -8.00% N/A -8.10% 12/21/07 1.28% OPPAX Opp G61 A World Stock 7.29% 20.75% 0.92% 9.67% 11.44% 12122/69 1.16% Mid -Cap Stocks GTAGX Invsco MdCap Cor Eq A Mid -Cap Blend 3.07% 10.38% 1.92% 7.63% 10.43% 06/09/87 1.19% KAUFX Fed Kautman R Mid -Cap Growth 0.82% 17.30% -2.09% 8.69% 11.45% 02/21/86 2.50% JAMCX JPM MldCap Value A Mid -Cap Value 2.67% 19:86% 4.77% 9.90% 12.05% 11/13/97 1.42% Large -Cap Stocks FGRIX Fki Gr Inc Large Blond 0.96% 19.10% -3.52% 2.27% 9.36% 12/30185 0.71% AIVSX AmFda Invmt Co Am A Large Blond 0.85% 15.60% 0.88% 6.64% 11.99% 01/72/34 0.61% VINNX Vngrd Inst Indx Inst Large Blond -0.39% 15.98% 1,69% 7.11% 8.67% 07131/90 0.04% VFINX Vngrd 500 Indx Fnd (a) Large Blond -0.42% 15.82% 1.57% 6.99% 10.51% 08/31/76 0.17% NWFAX NW Fund A Large Blond 1.56% 14.24% -1.16% 5.54% 9.35% 05/11/33 1.03% TWCUX AmCent Ultra Inv (a) Large Growth -2.13% 14.18% 1.21% 5.94% 10.94% 11/02/81 0.99% FCNTX Fki Contra Large Growth -1.59% 16.24% 1.97% 9.68% 12.12% 05/17/67 0.81% FMAGX Fki Magellan Large Growth -0.88% 17.99% -3.48% 4.30% 16.01% 05/02/63 0.55% FDFFX Fkl Indpndnc (a) Large Growth 1.72% 19.95% -1.04% 7.74% 11.15% 03/25/83 0.70% AGTHX AmFds Gr Fd Am A Large Growth 2.28% 20.54% 1.07% 8.24% 13.37% 11/30/73 0.71% JANSX Jna Fd T Large Growth 0.76% 17.74% 0.36% 6.40% 12.12% 02105f70 0.90% NBSRX NeuBer Soc Rasp Inv Large Growth 1.77% 10.95% 1.13% 7.89% 8.09% 03/16/94 0.90% JARTX Jns Frty S Large Growth 0.41% 23.65% -0.56% 8.82% 9.64% 05/01/97 1.18% VWUSX Vanguard US Growth Fd IS Large Growth 0.55% 18.43% 1.94% 6.35% 9.89% 01/06/59 0.44% VPMCX Vngrd Prrn Cap Inv Large Growth 2.56% 1527% 3.03% 9.90% 12.89% 11/01/84 0.45% TWCIX AmCent Sol Iry (a) Large Growth -3.32% 14.74% 1.63% 5.76% 12.01% 06/30!71 1.00% TWCGX Am Cent Gr Inv (a) Large Growth -1.87% 13.91% 2.26% 7.49% 13.21% 06/30!71 0.98% FEQIX Fki Eq Inc Large Value 0.84% 17.23% -0.55% 6.09% 11.35% 05 /16/66 0.68% KDHAX DWS Eq Dlvd A Large Value -2.24% 11.97% -3.71% 4.43% 9.82% 03 /18/88 1.22% VWNFX Vngrd Wndsr II Inv Large Value 1.21% 16.72% 1.29% 7.82% 10.41% 0624/85 0.35% AWSHX AmFda Wshngtn Mut Inv A Large Value 0.40% 12.50% 1.67% 6.68% 11.70% 07)31/52 0.62% NW LgCap Gr (n) NIA -1.41% 1627% 0.57% N/A 1.93% 0427/07 0.95% Balanced VWINX Vngrd Wisiy Inc Inv (a) Conservative Allocation 0.72% 10.06% 6,91% 7.19% 10.16% 07101 f70 0.25% FPURX Fki Puritan Moderate Allocation 0.15% 13.79% 3.23% 7.16% 10.98% 04/16/47 0.59% AMECX AmFds Inc Fd Am A Moderate Allocation 1.47% 11.95% 3.23% 7.91% 1117% 11/30/73 0.59% VWELX Vngrd Wington Inv Moderate Allocation 0.96% 12.57% 4.25% 8.20% 8.20% 07/01/29 0.27% TWBD( AmCent Bal Inv (a) Moderate Allocation 0.15% 11.59% 4.00% 6.77% 7.86% 1020188 0.90% QUARTERLY REPORT FOR CENT CTRA COSTA SANI 457 PLAN &TRUST PERFORMANCE RESULTS Investment Performance Information - October 1, 2012 to December 31, 2012 FEE DISCLOSURES The Standardized illustration represents performance based on a $10,000 hypothetical Investment, and reflects the deduction of the following fees.. ' denotes a Fee of 0.00% Gross expense ratios represent the fund's total operating expenses expressed as a percentage of the assets held In the fund. For more Information about gross expense ratios, read the fund's prospectus. Some mutual funds may Impose a short term trade fee. Some funds may be subject to a trade restriction policy. Please read the underlying prospectus carefully. Nationwide Retirement Solutions receives administrative reimbursement fee payments of up to 0.80% of assets from Nationwide Bank for administration and record - keeping services of bank products. For additional Information, please visit www.nrsforu.com. FOOTNOTES a) These funds are not open to new participants. b) These funds are designed to provide diversification and asset allocation across several types of Investments and asset classes, primarily by Investing in underlying funds. Therefore, In addition to the fund's expenses, you are Indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. J) Nationwide Investor Destinations Funds are designed to provide diversification and asset allocation. They do this by Investing In several types of Investments and asset classes. So, In addition to the expenses of the Investor Destinations Fund, you pay a proportionate share of the expenses of the underlying funds. 1) The Target Destination Funds Invest in a wide variety of undertying funds to help reduce Investment risk. So In addition to the expenses of the Target Destination Funds, you pay a proportionate share of the expenses of the underlying funds. Like other funds, Target Destination Funds are subject to market risk and loss. Loss of principal can occur at any time, Including before, at or after the target date. There Is no guarantee that target data funds will provide enough Income for retirement. n) The Nationwide Large Cap Growth Portfolio is not a mutual fund. Its performance cannot be tracked In newspapers or through other public resources. You can find more information and track the Portfolio's performance via your plan's website, www.nationaideforred.com, WWW.NATIONALDEFERRED.COM Questions? Call us! (800)769 -4457 Gross Ticker Morningstar Average Annual Return Since Inception Expense Symbol Variable Investment Options Category 3 Month 1 Year 5 Year 10 Year Inception Date Ratio Bonds KHYAX DWS Hi Inc A High Yield Bond 2.93% 14.73% 8.17% 9.19% 9.29% 0126178 0.93% ABNDX AmFds Bd Fd Am A I ntermed late- Term 0.44% 5.90% 4,06% 4.92% 8.32% 0528f74 0.60% Bond CMPIX Pmcpl Inv Inc A (a) Intermediate-Term 0.98% 9.21 % 7.46% 6.33% 8.11% 12/15/75 0.90% Bond VBTSX Vngrd Ttl Bd Mkt Indx Sgnl Intermediate-Term 0.13% 4.15% 5.91% N/A 6.12% 09/11/06 0.10% Bond Short -Term Investments CMPGX Pmcpl Inv GovtHiQultyBd A (a) Intermediate 0.30% 3.99% 5.39% 4.44% 7.03% 05/04/84 0.92% Government Stable Value Fund B (') N/A 0.38% 1.59% 2.63% N/A NIA Asset Allocation NDMSX NW Inv Dest Mod Aggr Svc Q) Aggressive Allocation 2.14% 13.81% 1.40% 7.04% 2.92% 03/30/00 0.86% NDCSX NW Inv Dest Cnsry Svc (j) Conservative Allocation 0.42% 5.08% 3.16% 4.28% 3.73% 03x30 /OO 0.88% NSDCX NW Inv Dest Mod Cnsry Svc (j) Conservative Allocation 0.87% 8.11% 3.04% 5.40% 375% 03/30/00 0.8T% NDASX NW Inv Dest Aggr Svc (J) Large Blend 2.74% 15.96% 0.50% 7.46% 2.34% 03 /30/00 0.87% NSDMX NW Inv Dest Mod Svc (J) Moderate Allocation 1.39% 10.95% 2.34% 6.19% 3.38% 03/30/00 0.86% NWRSX NW Rtmrt Inc Inst Svc (b) Retirement Income 0.61 % 6.36% 2.60% NIA 3.06% 0829107 0.68% NWESX NW Dest 2015 Inst Svc (1) Target Date 2011 -2015 1.49% 1077% 1.79% N/A 2.21% 08x29/07 0.67% NWFSX NW Dest 2020 Inst Svc (1) Target Date 2016 -2020 1.97% 12.17% 1,91% N/A 2.32% 08/29/07 0.67% NWHSX NW Deal 2025 Inst Svc (1) Target Date 2021 -2025 2.31% 13.64% 1.91% N/A 2.29% 08/29/07 0.67% NWISX NW Dest 2030 Inst Svc (1) Target Date 2026 -2030 2.43% 14.44% 1.49% N/A 1.91% 08129/07 0.66% NWLSX NW Dest 2035 Inst Svc (1) Target Date 2031 -2035 2.85% 15.33% 1.26% NIA 1.61% 08x19/07 0.66% NWMSX NW Dest 2040 Inst Svc (1) Target Date 2036 -2040 2.80% 15.54% 0.70% NIA 1.09% 08/29/07 0.86% NWNSX NW Doe 2045 Inst Svc (1) Target Date 2041 -2045 279% 15.52% 0.62% N/A 1.01% 08/29/07 0.66% NWESX NW Dest 2050 Inst Svc (1) Target Date 2046 -2050 2.77% 15.54% 0.69% N/A 1.08% 0829/07 0.66% Market Indices Total Return Average Annual Return 3 month 1 Year 5 Year 10 Year Barclays Capital Aggregate Bond Index 0.21% 4.21% 5.95% 5.18% MS Europe, Australia, Far East Index 6.57% 17.32% -3.69% 8.21% Russell 2000 Index 1.85% 16.35% 3.56% 972% Standard Poor's 500 Stock Index -0.38% 16.00% 1.66% 7.10% Standard b Poor`s Mid Cap 400 Index 3.61% 17.88% 5.15% 10.53% Three Month Treasury Bill Index 0.02% 0.07% 0.45% 1.69% FEE DISCLOSURES The Standardized illustration represents performance based on a $10,000 hypothetical Investment, and reflects the deduction of the following fees.. ' denotes a Fee of 0.00% Gross expense ratios represent the fund's total operating expenses expressed as a percentage of the assets held In the fund. For more Information about gross expense ratios, read the fund's prospectus. Some mutual funds may Impose a short term trade fee. Some funds may be subject to a trade restriction policy. Please read the underlying prospectus carefully. Nationwide Retirement Solutions receives administrative reimbursement fee payments of up to 0.80% of assets from Nationwide Bank for administration and record - keeping services of bank products. For additional Information, please visit www.nrsforu.com. FOOTNOTES a) These funds are not open to new participants. b) These funds are designed to provide diversification and asset allocation across several types of Investments and asset classes, primarily by Investing in underlying funds. Therefore, In addition to the fund's expenses, you are Indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. J) Nationwide Investor Destinations Funds are designed to provide diversification and asset allocation. They do this by Investing In several types of Investments and asset classes. So, In addition to the expenses of the Investor Destinations Fund, you pay a proportionate share of the expenses of the underlying funds. 1) The Target Destination Funds Invest in a wide variety of undertying funds to help reduce Investment risk. So In addition to the expenses of the Target Destination Funds, you pay a proportionate share of the expenses of the underlying funds. Like other funds, Target Destination Funds are subject to market risk and loss. Loss of principal can occur at any time, Including before, at or after the target date. There Is no guarantee that target data funds will provide enough Income for retirement. n) The Nationwide Large Cap Growth Portfolio is not a mutual fund. Its performance cannot be tracked In newspapers or through other public resources. You can find more information and track the Portfolio's performance via your plan's website, www.nationaideforred.com, WWW.NATIONALDEFERRED.COM Questions? Call us! (800)769 -4457 PERFORMANCE RESULTS Investment Performance Information - October 1, 2012 to December 31, 2012 RISK DISCLOSURES Money market funds: Money market funds are not insured or guaranteed by the FDIC or any other government agency. Although the goal of a money market Is to preserve the value of an Investment at $1 per share, It Is still possible to lose money. International /emerging markets funds: Funds that Invest In International stocks face risks that funds investing only in U.S. stocks do not. Currency fluctuation, political risk, differences In accounting standards and the limited availability of information may make these funds less stable. Small company funds: Small and emerging companies may have less liquidity than larger, established companies. Therefore, funds investing in stocks of small or emerging companies may face greater price volatility and risk. High -yield bond funds: Funds that invest In high -yield securities may have more credit risk and changes In price than funds that invest In higher - quality securities. Non diversified funds: Funds that Invest Ina single Industry or small number of securities maybe more volatile than those that Invest more broadly. Government bond funds: These funds Invest mainly In securities of the U.S. government and its agencies; however, these entities do not guarantee the value of the funds. Real estate funds: Funds that Invest mainly in real estate are sensitive to economic and business cycles, changing demographic patterns and government actions. IMPORTANT DISCLOSURES "Inception Date" is the date the fund was established. The "Since Inception" column contains perfomance for the funds if the Inception Date was before the time period Indicated. Performance numbers In the "3 Month" and "1 Year columns are not annualized returns and represent the total percentage change in share value for the time periods indicated. Fund category data provided by MomingstarO. rD 2012 Morningstar, Inc. All Rights Reserved. The Morningstar Information contained herein: (1) Is proprietary to Morningstar and/or its content provident; (2) may not be copied or distributed; and (3) Is not warranted to be accurate, complete or timely. Neither Momingstar nor its content providers are responsible for any damages or losses arising from any use of this information. Although data is gathered from reliable sources, data accuracy and completeness cannot be guaranteed. Nationwide Retirement Solutions, Inc. and its affiliates (Nationwide) offer a variety of investment options to public sector retirement plans through variable annuity contracts, trust or custodial accounts. Nationwide may receive payments from mutual funds or their affiliates in connection with those Investment options. For more detail about the payments Nationwide receives, please visit www.nrsforu.com Distributions of contributions and earnings from the Roth account are tax free If contributions have been In the Roth elective deferral account for a period of at least five (5) tax years and the participant Is at least 59% years old at the time of the distribution. Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation Market Indices have been provided forcomparison purposes only; they are unmanaged and no fees or expenses have been reflected here. Individuals cannot Invest directly In an Index. 0 2012, Nationwide Retirement Solutions, Inc. All Rights Reserved. Nationwide and the Nationwide framemark are federally registered service marks of Nationwide Mutual Insurance Company. On Your Side is a service mark of Nationwide Mutual Insurance Company. QUARTERLY REPORT FOR CENT CTRA COSTA SANI 457 PLANBTRUST 3. Hartford INVESTMENT CHOICES CENTRAL CONTRA COSTA SANITARY DISTRICT DCP PLAN SUMMARY STATEMENT THE _HARTFORD OCTOBER 1, 2012 - DECEMBER 31, 2012 i GROUP NUMBER: 0107605 PERFORMANCE FOR PERIOD ENDING DECEMBER 31, 2012 7 Securities rated below investment grade "BBB" are commonly referred to as "high yield, high risk" securities, or "junk bonds." 8 An investment in the 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 $1.00 per share, it is possible to lose money by investing in the Fund. Average Total Return Annual Total Return` Since Inception Month 3 Mo. YTD 1 Yr. 3 Yr. 5 Yr. 10 Yr. Incept. Date SPECIALTY 101 Htfd HC HLS'•' 0.19% -1.53% 20.32% 20.32% 11.65% 4.81% 9.48% N/A 05/01/2000 106 Invesco Leisure' 0.55% 2.63% 25.88% 25.88% 13.53% 1.88% 6.91% N/A 02/07/1984 108 Invesco Technology' 1.90% -1.50% 10.42% 10.42% 8.72% 2.31% 7.02% N/A 02/07/1984 116 MFS Utilities' 2.38% 1.67% 13.05% 13.05% 10.84% 2.37% 14.42% N/A 02/14/1992 INTER NATIONAL/ GLOBAL 126 AmCent Intl Growth' 3.39% 7.05% 21.56% 21.56% 6.63% -2.40% 7.71% N/A 05/09/1991 900 Htfd GIN Res HLS' 2.28% 3.17% 18.10% 18.10% 7.34% N/A N/A 1.71% 01/31/2008 13 Htfd Int Opps HLS' 3.24% 6.29% 19.90% 19.90% 5.52% -2.06% 9.78% N/A 07/02/1990 075 Janus Overseas 2,3 9.07% 8.72% 11.82% 11.82% -3.89% -5.86% 11.26% N/A 05/02/1994 051 Janus Worldwide2,3 5.20% 7.38% 19.54% 19.54% 5.81% -2.25% 4.65% N/A 05/15/1991 121 Putnam Global Equity' 2.36% 3.96% 19.55% 19.55% 7.48% -2.63% 6.30% N/A 09/01/1967 050 Putnam Intl Growth 2.4 3.55% 6.40% 20.56% 20.56% 3.80% -2.08% 8.44% N/A 01/08/1995 SMALL CAP 82 Htfd Sml Company HLSS 2.41% -0.39% 15.35% 15.35% 11.25% 1.02% 11.13% N/A 08/09/1996 271 Invesco SC Growths 1.80% 3.29% 18.04% 18.04% 13.57% 3.72% 9.27% N/A 10/18/1995 058 Mgrs AMG Skyline SEP' 5.32% 6.60% 19.04% 19.04% 13.51% 5.88% 9.84% N/A 02/0911993 MID CAP 099 Frkln SmMd Cap Grwths•e 2.09% 0.48% 10.50% 10.50% 10.33% 1.92% 8.42% N/A 02/14/1992 103 Htfd MidCap HLS° 1.49% 2.17% 19.14% 19.14% 10.46% 2.58% 10.46% N/A 07/14/1997 071 Janus Enterprise 6.3 3.21% 5.14% 17.32% 17.32% 12.96% 3.11% 11.23% N/A 09/01/1992 LARGE CAP 085 AmCent Equity Income 0.73% 0.19% 11.23% 11.23% 9.10% 3.00% 7.15% N/A 08(01/1994 066 AmCent Inc & Growth 1,01% -0.68% 14.23% 14.23% 10.14% 0.48% 6.13% N/A 12/17/1990 057 AmCent Value 1.48% 0.96% 14.27% 14.27% 9.05% 2.47% 6.87% N/A 09/01/1993 11 AmCentury Ultra -0.06% -2.19% 13.90% 13.90% 10.16% 0.96% 5.67% N/A 11/02/1981 053 DWS Core Equity 1.22% 2.41% 15.49% 15.49% 9.42% 1.47% 6.02% N/A 11/13/1984 091 Drey Third Century 0.76% -1.81% 11.06% 11.06% 8.22% 1.89% 5.63% N/A 08/31/1999 054 FA Growth & Income 1.19% 0.19% 17.55% 17.55% 10.49% -0.24% 5.31% N/A 12/31/1996 026 FA Growth Opps 0.08% -2.71% 18.44% 18.44% 13.95% -0.71% 6.29% N/A 11/18/1987 012 Htfd Cap App HLS 2.91% 4.30% 18.04% 18.04% 6.63% -0.90% 9.71% N/A 04/02/1984 29 Htfd Div & Grwth HLS 1.12% 0.41% 13.31% 13.31% 8.95% 1.63% 7.74% N/A 03/08/1994 17 Htfd Index HLS 0.87% -0.53% 15.34% 15.34% 10.26 %. 1.14% 6.50% N/A 05/01/1987 14 Htfd Stock HLS 0.48% -0.61% 14.10% 14.10% 8.83% 0.64% 5.98% N/A 08/31/1977 1125 Inv Diversified Div 1.12% 2.06% 16.93% 16.93% 10.17% 3.80% N/A 4.89% 12/31/2001 _ 052 Janus Twenty' 0.51% -0.19% 22.01% 22.01% 6.04% -0.28% 9.71% N/A 04/30/1985 115 MA Inv Grwth Stck 1.27% 0.83% 16.62% 16.62% 10.32% 3.42% 6.94% N/A 01/02/1935 CENTRAL CONTRA COSTA SANITARY DISTRICT DCP PLAN SUMMARY STATEMENT OCTOBER 1, 2012 - DECEMBER 31, 2012 PERFORMANCE THE HARTFORD GROUP NUMBER: 0107605 INVESTMENT CHOICES FOR PERIOD ENDING DECEMBER 31, 2012 Market indices have been provided for comparison purposes only. The indices represented are not illustrative of the performance of any investment option offered through The Hartford's retirement programs. These indices are unmanaged and are not available for direct investment 1 S &P is an index which measures broad -based changes in stock market conditions based on the average performance of 500 widely held common stocks. 2 The Barclay's Capital Govemment /Corporate Bond Index, an unmanaged list of U.S. Treasury/Agency and investment grade corporate debt securities, is used as a general measure of performance of fixed income securities. Average Total Return Annual Total Return* Since Inception Month 3 Mo. YTD 1 Yr. 3 Yr. 5 Yr. 10 Yr. Incept. Date LARGE CAP 845 MFS Core Equity 1.12% 0.33% 16.28% 16.28% 10.24% 1.91% 7.46% N/A 01/02/1996 326 Putnam MultiCap Gr 1.12% 1.25% 16.41% 16.41% 9.50% 1.15% 6.78% N/A 08/31/1990 ASSET ALLOCATION /BALANCED 016 Cal VPSRI Bal Prt 0.18% -0.23% 10.24% 10.24% 8.74% 1.94% 5.19% N/A 09/02/1986 025 FA Balanced 0.30% -0.03% 11.82% 11.82% 8.37% 1.80% 5.35% N/A 01/06/1987 19 Htfd Bal HLS 0.74% 0.08% 11.74% 11.74% 8.29% 2.39% 5.63% N/A 03/31/1983 079 Janus Balanced 0.99% 0.80% 12.69% 12.69% 6.97% 5.11% 7.48% N/A 09/01/1992 BOND 886 DR INT TRM 1 0.28% 1.28% 6.93% 6.93% 7.58% 6.401 ) 5.39% N/A 02/02/1996 18 Htfd TotRet Bond HLS 0.35% 0.88% 7.27% 7.27% 7.08% 5.35'aa 4.98% N/A 08/31/1977 902 Htfd US Gov Sec HLS -0.13% -0.15% 3.44% 3.44% 3.86% 2.75% 2.66% N/A 03/24/1987 114 MFS High Income' 1.36% 2.69% 13.88% 13.88% 10.85% 7.31% 8.05% N/A 02/17/1978 59 Putnam HY Advantage' 1.38% 2.88% 14.82% 14.82% 10.13% 8.36% 9.60% N/A 03/25/1986 STABLE VALUE /MONEY MARKET 22 Htfd Money Mkt HLS8 -0.02% -0.06% -0.25% -0.25% -0.25% 0.19% 1.37% N/A 06/30/1980 General (Declared Rate) Account Information: 1 st 0 2013: 4.00% The Declared Rate set forth above is credited through the close of the calendar year on contributions received during the designated calendar quarter. For contributions received prior to January 1, 2013, the Declared Rate is 4.00 %. Rates quoted are effective annual yields. BENCHMARK INDICES FOR PERIOD ENDING DECEMBER 31, 2012 Total Return Average Annual Total Return Month 3 Mo. YTD 1 Yr. 3 Yr. 5 Yr. 10 Yr. S&P 500 Index' 0.91% -0.38% 16.00% 16.00% 10.87% 1.66% 7.10% BarCap Gov/Corp Indxz -0.27% 0.38% 4.82% 4.82% 6.71% 6.06% 5.25% NASDAQ' 0.31% -3.10% 15.91% 15.91% 9.99% 2.63% 8.50% Market indices have been provided for comparison purposes only. The indices represented are not illustrative of the performance of any investment option offered through The Hartford's retirement programs. These indices are unmanaged and are not available for direct investment 1 S &P is an index which measures broad -based changes in stock market conditions based on the average performance of 500 widely held common stocks. 2 The Barclay's Capital Govemment /Corporate Bond Index, an unmanaged list of U.S. Treasury/Agency and investment grade corporate debt securities, is used as a general measure of performance of fixed income securities. Fund Level Fees Page 1 of 4 Helen Lai Group # : 107605 02/22/2013 Fees Important Information about your Investment Choices For the Period Ending 01/31/2013 Mortality, Fund 12b -1 Other Annual Underlying Invest Total Expense Total Fees Received by The Investment Choice Share Mgmt Fee Exp Underlying and Fees & Hartford from Class Fee F O E.t Admin Charges Underlying Funds Chargett Specialty Invesco Leisure Invesco Technology Htfd HC HLS MFS Utilities International /Global AmCent Intl Growth Htfd Glbl Res HLS Htfd Int Opps HLS Janus Overseas Janus Worldwide Putnam Global Equity Putnam Intl Growth Small Cap Invesco SC Growth Htfd Sml Company HLS Mgrs AMG Skyline SEP Mid Cap Frkln SmMd Cap Grwth INV 0.75% 0.25% 0.34% 1.34% 0.25% 1.59% .6 INV 0.69% 0.22% 0.62% 1.53% 0.25% 1.78% .6 IA 0.85% 0.00% 0.06% 0.91% 0.25% 1.16% .25 A 0.60% 0.25% 0.19% 1.04% 0.25% 1.29% .65 INV 1.50% 0.00% -0.18% 1.32% 0.25% 1.57% .35 IA 0.90% 0.00% 0.13% 1.03% 0.25% 1.28% .25 IA 0,78% 0.00% - 0.05% 0.73% 0.25% 0.98% .25 S 0.64% 0.25% 0.12% 1.01% 0.25% 1.26% .5 T 0.59% 0.00% 0.33% 0.92% 0.25% 1.17% .3 A 0.85% 0.25% 0.28% 1.38% 0.25% 1.63% .5 A 1.08% 0.25% 0.23% 1.56% 0.25% 1.81% .5 INV 0.88% 0.25% 0.14% 1.27% 0.25% lA 0.78% 0.00% -0.07% 0.71% 0.25% - 0.90% 0.00% 0.43% 1.33% 0.25% A 0.63% 0.25% 0.11% 0.99% 0.25% 1.52% .6 0.96% .25 1.58% .4 1.24% 0.25%+.10% + $12/participant https: // retire. hartfordlife .com /HartfordOntine /GroupFees ?option =print 2 /22/2013 Fund Level Fees Htfd MidCap HLS IA Janus Enterprise T Large Cap 0.96% Inv Diversified Div INV AmCent Equity Income INV AmCent Inc & Growth INV AmCentury Ultra INV AmCent Value INV Drey Third Century A DWS Core Equity S FA Growth & Income T FA Growth Opps T Htfd Cap App HLS IA Htfd Div & Grwth HLS IA Htfd Index HLS IA Htfd Stock HLS IA Janus Twenty T MFS Core Equity A MA Inv Grwth Stck A Putnam MultiCap Gr A Asset Allocation /Balanced Cal VPSRI Bal Prt 1.00% FA Balanced T Htfd Bal HLS IA Janus Balanced T Bond 0.00% DR INT TRM I A Htfd TotRet Bond HLS IA Htfd US Gov Sec HLS IA MFS High Income A Putnam HY Advantage A Stable Value /Money Market 0.68% 0.00% 0.03% 0.71% 0.25% 0.96% .25 0.64% 0.00% 0.30% 0.94% 0.25% 1.19% .3 0.60% 0.18% 0.10% 0.88% 0.25% 1.13% .6 1.00% 0.00% - 0.05% 0.95% 0.25% 1.20% .35 0.52% 0.00% 0.16% 0.68% 0.25% 0.93% .25 1.00% 0.00% - 0.01% 0.99% 0.25% 1.24% .35 1.00% 0.00% 0.01% 1.01% 0.25% 126% .35 0.75% 0.00% 0.56% 1.31% 0.25% 1.56% .5 0.37% 0.00% 0.27% 0.64% 0.25% 0.89% .3 0.20% 0.50% 0.57% 1.27% 0.25% 1.52% .6 0.30% 0.50% 0.68% 1.48% 0.25% 1.73% .6 0.78% 0.00% -0.11% 0.67% 0.25% 0.92% .25 0.78% 0.00% -0.11% 0.67% 0.25% 0.92% .25 0.30% 0.00% 0.03% 0.33% 0.25% 0.58% .25 0.53% 0.00% - 0.03% 0.50% 0.25% 0.75% .25 0.52% 0.00% 0.29% 0.81% 0.25% 1.06% .3 0.65% 0.25% 0.25% 1.15% 0.25% 1.40% .65 0.33% 0.25% 0.23% 0.81% 025% 1.06% .65 0.71% 0.25% 0.18% 1.14% 0.25% 1.39% .5 0.70% 0.0 % 0.21% 0.91% 0.25% 1.16% .15 0.15% 0.50% 0.54% 1.19% 0.25% 1.44% .6 0.61% 0.00% 0.03% 0.64% 0.25% 0.89% .25 0.55% 0.00% 0.28% 0.83% 0.25% 1.08% .3 0.45% 0.00% 0.44% 0.89% 025 %0 1.14% .5 0.46% 0.00% 0.03% 0.49% 025% 0.74% .25 0.45% 0.00% 0.03% 0.48% 0.25% 0.73% .25 0.46% 0.25% 0.24% 0.95% 025% 1.20% .65 0.72% 0.25% 0.07% 1.04% 0.25% 1.29% .5 Page 2 of 4 https: // retire. hartfordlife .com /HartfordOnline /GroupFees ?option =print 2/22/2013 Fund Level Fees Hffd Money Mkt HLS IA 0.40% 0.00% 0.02% 0.42% 025% 0.67% Page 3 of 4 You should carefully consider the investment objectives, risks, charges and expenses of The Hartford's group variable annuities and their underlying funds before investing. This and other information can be found in the prospectus or disclosure documents, where applicable. To obtain the applicable disclosure documents or underlying fund prospectuses call 1- 800 - 255 -2464. Read them carefully before you invest or send money. This table shows only the asset -based fees, charges and expenses associated with the investment choices of the group variable annuity contract. Please refer to the product prospectus or disclosure documents, as applicable, for information on other fees and charges that may apply to your plan's contract such as a contingent deferred sales charge, annual maintenance fee, and other fees or charges, if applicable. t These are the Total Annual Fund Operating Expenses for each underlying fund as of its most recent prospectus. Total Annual Fund Operating Expenses are the expenses that are deducted from fund assets, including management fees, Rule 12b-1 distribution and /or service fees, and other expenses. Actual fees and expenses for the underlying funds vary daily_ As a result, the fees and expenses for any given day may be greater or less than the Total Annual Fund Operating Expenses listed above in the table. The column under "Gross" lists each underlying fund's Total Annual Fund Operating Expenses before any fee waivers or reimbursements. The column under "Net" represents each underlying fund's Total Annual Fund Operating Expenses after any fee waivers or reimbursements. More detail concerning each underlying fund's fees and expenses is contained in the prospectus for each fund. tt The Hartford deducts the mortality, expense risk and administrative charge from the assets of the Separate Account on a daily basis at the annual rate shown above. If the mortality, expense risk and administrative charge under a Contract is insufficient to cover actual costs incurred by us, we will bear the loss. If the mortality, expense risk and administrative charge exceeds these costs, we will keep the excess as profit. We may use these profits, as well as fees and payments received from the fund families, for any proper corporate purpose, including, among other things, payment of sales expenses, including our expenses of paying compensation to broker - dealers, financial institutions and other persons for selling the Contracts. We expect to make a profit from the mortality, expense risk and administrative charge. t t t We receive these fees and payments with respect to the Funds that are offered as variable investment options to your plan through your Contract (sometimes referred to generally as "revenue sharing" payments). We consider these fees and payments, among a number of other factors, when deciding to include a Fund in the Investment Option Menus. Virtually all of the Funds on the Investment Option Menus make these payments to us and/or our affiliates_ For more information about these fees and payments please refer to our Disclosure Statement - Reasonable Contract or Arrangement under ERISA Section 408(b)(2). Copyright 2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and /or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. tit The Hartford receives these fees and payments with respect to the underlying funds that are offered as investment choices to your Plan through the Contract. We consider these fees and payments, among a number of other factors, when deciding to include a fund in the menu of Funds that we offer through the Contract. We receive these fees and payments under agreements between The Hartford and the principal underwriters, transfer agents, investment advisors and/or other entities related to the Funds_ These fees and payments may include asset based sales compensation and service fees under distribution and /or servicing plans adopted by funds pursuant to Rule 12b -1 under the Investment Company Act of 1940. They may also include administrative service fees and additional payments, expense reimbursements and compensation sometimes referred to as "revenue sharing" payments. We receive these fees and payments for our own account and expect to make a profit on the amount of the fees and payments that exceed our own expenses, including our expenses of paying compensation to broker - dealers, financial institutions and other persons for selling the Contracts_ Some of the funds are part of our own affiliated family of funds. In addition to any fees and payments The Hartford may receive with respect to those funds, one or more of our affiliates receives compensation from the funds, including among other things a management fee and Rule 12b-1 fees from the funds. https: / /retire. hartfordli fe.com/Hartford0nline /GroupFees ?option =print 2/22/2013 Fund Level Fees Page 4 of 4 ©2011 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Hartford Life Insurance Company 200 Hopmeadow Street Simsbury, CT 06089 https:// retire. hartfordlife .com /HartfordOnline /GroupFees ?option =print 2/22/2413