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NOTHING SHOULD STOP YOUFROM GETTING ON THE RIGHT PATH.Diocese of Worcester 403(b) PlanHelping you envision retirementon your own terms.August 18, 2016Presented by: Jamie MasonRegistered Representative ofMML Distributors, LLC.C: 36103-00

How Will You Picture Retirement?Open the business you’vedreamed about?Volunteer your time andskills to a worthy cause?Travel with your spouse,family, friends?C: 36106‐00

Consider This.How much time do you expect to spend in retirement:» 20 years?» 30 years?» More?Did you know?An individual reaching age 65 today will likely live until age 84.3 (men) or86.6 (women). 25% of 65-year olds will live past age 90 and 10% will livepast age 95.Source: Social Security Administration, December 2014C: 36105‐00

How Much Do You Need?Will your Social Security be enough?Probably not Did you know?In 2014 the average Social Security retirement benefitwas 1,294 per month* or 15,528 per year.*Source: www.SSA.gov, January 2015C: 36105‐00

Build It Over Time Make Small Regular IncreasesC: 30874‐03

Daily Expenses Will Cost MoreItemCost todayCost in retirementGallon of milk 3.00 7.07Box of cereal 4.50 10.60Movie ticket 10.00 23.57Weekly groceries 100.00 235.66Example assumes a 3% rate of inflation, compounded annually over 30 years.C: 36105‐00

It Pays to Start EarlySavings Example* 2,400 saved annually from age 30Retirement Plan savings at age 67 543,299 2,400 saved annually from age 40Retirement Plan savings at age 67 228,285Total Difference 315,014*Assumes 200 contribution at the beginning of each month. Saving an extra 10 years amounts to an additional 24,000investment. Assumes a hypothetical 8% earnings on investments, compounded monthly, and reinvestment of earnings.Calculations do not take into account leap years. Final amounts are exclusive of any taxes or penalties that may be dueupon distribution. This chart is for illustrative purposes only to demonstrate the effect of compounding only. Not intended toreflect the actual performance of any specific investment. Individual experience will likely vary. Past performance does notguarantee future results.C: 36106‐00

How Much You Can SaveThrough payroll deduction, you can save a percentage ofyour pay. These elective deferral contributions can be made with pre-taxdollars Your total contributions may not exceed the statutory limit of 18,000 in 2016 If you are age 50 or over in 2016, you may contribute an additional 6,000 above the normal plan and legal limitsDid you know?You’re able to change your contribution percentage annually by contacting your benefitsdepartment.C: 36105‐00

Your Plan Eligibility Daily entry dateC: 36106‐00

Company Contributions Company Match 100% up to 2% that you contribute If you contribute more than 3%, you will receive a match equal to4% Annual Eligibility 2 years of service Vesting: 3 to 5 year graded Year 1 – 0%Year 2 – 0%Year 3 – 0%Year 4 – 60%Year 5 – 80%Year 6 – 100%C: 36106‐00

Investment detailsC: 31756-03

Consider This When it comes to choosing appropriate investments,how confident are you?On a scale of 1-5 (1 not confident at all, 5 extremely confident), what is your number?Not at fident1Very confident23C: 36106‐0045

You’ve Got Options. . .Two ways to choose. By date (Select a target date fund option) By design (Select your own investment options)C:37201-00

Investment Basics: Risk/Return SpectrumHigherStocks: Potential for Higher ReturnsHighest Level of RiskPotential Risk/ReturnAsset Allocation / Lifestyle:Diversified Investments withVarying Returns & RisksBonds: Slightly Higher ReturnsSlightly Lower RiskCash:LowerPotential for Lower ReturnsLower RiskC: 36104‐00The risk/returnindicator is forcomparativepurposes and isbased on thegeneralcomparativerisks of thesecategories.

Target Date Investment Options:Higher2055 T. Rowe Price Retirement2050 T. Rowe Price Retirement2045 T. Rowe Price RetirementPotential Risk/ReturnThe risk/returnindicator is forcomparative purposesand is based on thegeneral comparativerisks of thesecategories. Assetallocation portfoliosare automaticallyrebalanced for you ona periodic basis.2040 T. Rowe Price Retirement2035 T. Rowe Price Retirement2030 T. Rowe Price Retirement2025 T. Rowe Price Retirement2020 T. Rowe Price Retirement2015 T. Rowe Price Retirement2010 T. Rowe Price RetirementLower2005 T. Rowe Price RetirementC: 36104‐00

General Target Date Asset AllocationsTarget 205010%Target 2040Target 202030%20%15%90%85%80%Target RetirementIncome40%70%Target 2030Stocks60%Bonds/CashNote: Sample allocations are shown for illustrative purposes only. Actual allocation percentages may vary. Notto be construed as a recommendation of any particular investment option or strategy. Investors should considertheir risk tolerance carefully before choosing such a strategy.C: 36104‐00

Market Volatility – Don’t Let It DistractYou! Keep focused. Be patient – stick with your long‐term strategy Keep short‐term financial news in perspective Don’t try to time the market Dollar cost averaging can help takeadvantage of market swingsDollar Cost Averaging does not assure a profit, that more shares/units will be purchased than a lump sum purchase or protectagainst loss in a declining market, and involves continuous investment in securities regardless of fluctuating prices. Aninvestor should consider his/her ability to continue investing through periods of low price levels.C: 36106‐00

Details on InvestmentsRisk Disclosures for Certain Asset Categories – Please note that your plan may notoffer all of the investment options discussed below. If a retirement plan fully or partially terminates its investment in The Guaranteed Interest Account (GIA), SFGuaranteed, Fixed Interest Account or SAGIC investment option, the plan receives the liquidation value of itsinvestment, which may either be more or less than the book value of its investment. As a result of this adjustment, aparticipant’s account balance may be either increased or decreased if the plan fully or partially terminates the contractwith MassMutual. Money market investments are not insured or guaranteed by the Federal Deposit Insurance Corporation orany other government agency. Although these investments seek to preserve the value of your investment at 1.00 per share, it is possible to lose money by investing in a money market option. Risks of investing in inflation-protected bond investments include credit risk and interest rate risk. Neither the bondinvestment nor its yield is guaranteed by the U.S. Government. High yield bond investments are generally subject to greater market fluctuations and risk of loss of income andprincipal than lower yielding debt securities investments. Investment option(s) that track a benchmark index are professionally managed investments. However, the benchmarkindex itself is unmanaged and does not incur fees or expenses and cannot be purchased directly for investment.C: 36104‐00

Details on InvestmentsRisk Disclosures for Certain Asset Categories – Please note that your plan may notoffer all of the investment options discussed below. Investments in companies with small or mid market capitalization (“small caps” or “mid caps”) may be subject tospecial risks given their characteristic narrow markets, limited financial resources, and less liquid stocks, all of whichmay cause price volatility. International/global investing can involve special risks, such as political changes and currency fluctuations. Theserisks are heightened in emerging markets. You cannot transfer into international/global investment options if you havealready made a purchase followed by a sale (redemption) involving the same investment within the last sixty days. Inaddition, you may not request a transfer into international/global investment options between 2:30 and 4 p.m. ET.Other trading restrictions may apply. Please see the investment’s prospectus for more details. A significant percentage of the underlying investments in aggressive asset allocation portfolio options have a higherthan average risk exposure. Investors should consider their risk tolerance carefully before choosing such a strategy. An investment option with underlying investments (multi-investment options and any other offered proprietary or nonproprietary asset-allocation, lifestyle, lifecycle or custom blended options) may be subject to the expenses of thoseunderlying investments in addition to those of the investment option itself.C: 36104‐00

Details on InvestmentsRisk Disclosures for Certain Asset Categories – Please note that your plan may notoffer all of the investment options discussed below. Investments may reside in the specialty category due to 1) allowable investment flexibility that precludesclassification in standard asset categories and/or 2) investment concentration in a limited group of securities orindustry sectors. Investments in this category may be more volatile than less-flexible and/or less-concentratedinvestments and may be appropriate as only a minor component in an investor's overall portfolio. Investments that invest more of their assets in a single issuer or industry sector (such as company stock or sectorinvestments) involve additional risks, including unit price fluctuations, because of the increased concentration ofinvestments.C: 36104‐00

Details on InvestmentsRisk Disclosures for Certain Asset Categories – Please note that your plan may notoffer all of the investment options discussed below. In target date strategies, the year in the strategy name refers to the approximate year investors in the strategy wouldplan to retire and likely would stop making new contributions to the strategy. Target date strategies follow their ownasset allocation path (“glide path”) to progressively reduce equity exposure and become more conservative over time,reaching their most conservative allocation in their target date year. Investors may choose a date other than theirpresumed retirement date to be more conservative or aggressive depending on their own risk tolerance. Lifestyle strategies comprise options based upon investors’ risk tolerance (often determined by responses to a riskquiz). The specific options will depend upon what your plan has selected, but may include conservative, moderateconservative, moderate, aggressive, and ultra-aggressive. The asset allocation of lifestyle strategies does not follow aglide path, so will not automatically become more conservative over time. Blended strategies offer a combination of target date and lifestyle features, including following a glide path thatbecomes most conservative in their target date year while allowing investors to select the strategy that coincides withtheir risk tolerance. Generally target date and blended strategies are designed to be held beyond the presumed retirement date to offer acontinuing investment option for the investor in retirement. However, investors in any of these strategies should alsoconsider their own personal risk tolerance, circumstances and financial situation to determine if they should considermoving to a lower risk strategy as they near retirement. Investments in these options are not guaranteed and you mayexperience losses, including losses near, at, or after the target date (if applicable). These strategies’ stated assetallocation may be subject to change. Additionally, there is no guarantee that the options will provide adequate incomeat and through retirement.C: 36104‐00

Online ResourcesC: 10877‐09

MassMutual Resources Automated Telephone Services: 1-800-743-5274(Customer Service Representatives 8 a.m. to 9 p.m. (ET)) Participant Retirement Plan Website:www.retiresmart.comC: 36106‐00

www.retiresmart.comLog inMain navigationHighlight Section:Includes thelatest tools,videos, andeventsC: 10877‐09

My Online Account(Post log in)Account balance, asset allocation,and account rate of returnCheck yourprogress andaccessplanning tools& calculatorsQuick actionsImportant news & updatesUpcoming events & moreC: 10877‐09

Your Information and Assumptions* Results are based on an individual’s informationand assumptionsC: 10877‐09

Objective Summary* Results are based on an individual’s objectives,priorities, and trade-offsRS 18803-01C: 10877‐09

Change Objectives and Priorities* Based on individual objectives, priorities, and trade-offsRS 18803-01C: 10877‐09

Your Retirement Strategy* Practical action plan with acceptable probability of successRS 18803-01C: 10877‐09

Make Room for a NEW Mobile APP!Available for Android and Apple devices.The app lets you view: Total account balance Balances by source and investment Vested balance by source Personal rate of return Last contribution amount Asset allocation by investment in chartand list formIt also provides: A link to Retiresmart.com Login assistance Contact information and moreC: 36105‐00

Benefits of Consolidating RetirementAccountsMaintaining one account may make it easier to manage yourretirement savings: One point of contact – one statement, one phone line, one website Rebalance just one allocation instead of multiple accounts Flexible and convenient investment changes Easy retirement planning, investment guidance, and rebalancing toolsNote: Consolidation may not be right for everyone – individual situations will vary.Consider seeking consultation from your own independent financial and/or taxadvisor before consolidating.C: 36106‐00

Thank You.This presentation is for educational purposes only and is not intended to serve as a source for legal or financialadvice. MassMutual, its employees, and representatives are not authorized to give financial, legal, or tax advice.You are encouraged to obtain professional advice from your own independent financial planner or legal counsel. 2015 Massachusetts Mutual Life Insurance Company, Springfield, MA. All rights reserved.www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual LifeInsurance Company (MassMutual) and its affiliated companies and sales representatives.C: 30874‐03

RetireSmartSM is a service mark of Massachusetts Mutual Life Insurance Company. 2015 Massachusetts Mutual Life Insurance Company, Springfield, MA. All rights reserved.www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual LifeInsurance Company (MassMutual) and its affiliated companies and sales representatives.