STATE OF FLORIDA DEFERRED COMPENSATION PLAN 2013 ANNUAL PERFORMANCE REPORT (January 1, 2013 thru December 31, 2013)

Prepared By: SunGard Omni (Recordkeeper)

Chief Financial Officer of the State of Florida The Chief Financial Officer is the constitutional officer with the fiduciary responsibility over the Division of Treasury (17.55 F.S.), Bureau of Deferred Compensation. As a core function of the Department of Financial Services, the Division of Treasury and the Bureau of Deferred Compensation’s goals are to be effective stewards of the operational monies and other financial assets of the State and to assist state employees with tools to help them prepare for financial security during their retirement years. As a fiduciary of the Deferred Compensation Plan, the Chief Financial Officer is responsible to: • • • •

Act solely in the interests of the participants and their beneficiaries; Be prudent; Pay only reasonable and necessary expenses for the plan; and Follow the terms of the plan.

The CFO administers the Deferred Compensation Plan, IRC 457(b), a voluntary retirement savings plan for employees of the State of Florida (112.215 F.S.). Some of the objectives of the Deferred Compensation program are to educate prospective and current participants, distribute informational material, market the program by conducting presentations throughout the state, mail communication materials, monitor performance of all investment options available to employees, and perform many other functions that lead to the efficient operation of the Deferred Compensation program.

TABLE OF CONTENTS

INVESTMENT PROVIDER INFORMATION and GLOSSARY

SECTION I Page 1

ACCOUNTS, DEFERRALS, ASSETS AND DISTRIBUTIONS • • • •

Summary of Participant Accounts Summary of Deferrals Summary of Plan Assets Summary of Account Distributions

DETAIL OF FIXED ACCOUNTS

SECTION II Page Page Page Page

6 8 12 16

SECTION III Page 17

DETAIL OF VARIABLE ACCOUNTS

SECTION IV Page 19

12/31/2013 INVESTMENT PERFORMANCE REPORT

SECTION V Page 26

2014 PARTICIPANT SURVEY REPORT

SECTION VI Page 39

SECTION I

INVESTMENT PROVIDER INFORMATION and GLOSSARY

Section I

1

INVESTMENT PROVIDER INFORMATION INVESTMENT PROVIDERS

ABBREVIATED IDENTIFIER

VALIC Charles Schwab Great West Life & Annuity Insurance Company ING Financial Services Nationwide Retirement Solutions T. Rowe Price & Associates Investment Company

VAL CS GWL ING NRS TRP

PLAN INVESTMENT PROVIDER HISTORY Aetna Life Insurance Company, Capitol Life Insurance Company, Nationwide Life Insurance Company and Voyager Life Insurance Company were the original Plan Investment Providers at the formation and introduction of the Plan in September 1982. Great American Reserve Insurance Company purchased Voyager Life including the Plan assets in May 1986. Great West Life & Annuity Life Insurance Company became a Plan Investment Provider in April 1987. T. Rowe Price & Associates Investment Company became a Plan Investment Provider in May 1987. Fixed annuity Plan assets of Capitol Life were assumed by Security First Life Insurance Company in July 1989. Variable annuity Plan assets of Capitol Life were assumed by Security First Life in November 1989. American General Financial Group (VALIC) became a Plan Investment Provider in July 1992. Metropolitan Life Insurance Company purchased Security First Life in October 1997. Great American Reserve left the Plan as an Investment Provider in December 1997 and assets were purchased by Nationwide Life Insurance Company.

Section I

2

PLAN INVESTMENT PROVIDER HISTORY (continued) ING Financial Services purchased Aetna Life including the Plan assets in November 2000, changing their name to ING-Aetna Financial Services in January 2001. Security First Life changed its name to MetLife Investors Investment Company in January 2001. AIG purchased American General Financial Group (VALIC) in August 2001, changing their name to AIG-VALIC in January 2002. ING-Aetna changed its name to ING in November 2002. MetLife Investors left the Plan as an Investment Provider in December 2002, variable assets were purchased by Nationwide. Safeco Insurance Company (self-directed brokerage option) became a Plan Investment Provider in January 2003. The Plan assets of MetLife Investors, WAMU and Nationwide Financial Services were assumed by Nationwide Retirement Solutions in January 2003. Safeco restructured itself and formed Symetra Financial, a full service investment company, which assumed the Investment Provider role for the Plan in August 2004. Symetra Financial withdrew from their role as a Plan Investment Provider on December 31, 2007. Symetra Financial participants and assets were rolled into Charles Schwab on January 1, 2008. Enrollment in Charles Schwab is through NRS. NOTES OF INTEREST: 1 - Great American Reserve is currently not a Plan Investment Provider but maintains appropriate reserves for assets placed in annuity distribution prior to their acquisition by Nationwide Financial Services. 2 - MetLife Investors is currently not a Plan Investment Provider but maintains appropriate reserves for assets placed in annuity distribution prior to their acquisition by Nationwide Retirement Services.

Section I

3

GLOSSARY OF TERMS ACCOUNTS (BILLABLE): The investment portfolio of an individual participant in the Plan, who is in either the accumulation or distribution phase. A participant enrolled with multiple providers would count as one billable account per each Investment Provider. ACTIVE ACCOUNTS: An individual participant investment portfolio(s) in the Plan that is currently receiving deferrals. ACCOUNT VALUES: The total of all participant assets in a particular investment portfolio. DEFERRALS: An amount reduced (set aside) from a participant’s compensation and deposited into their account in the Plan. DISTRIBUTIONS: An amount from a participant’s account that is being provided to that participant in a lump sum or through periodic payments. FIXED PRODUCTS: A fixed product guarantees a rate of return for a specified period of time, usually one quarter (three months). This term can refer to either an insurance company, bank or investment company product. INVESTMENT PROVIDERS: A company authorized to issue investment products pursuant to this Plan. PARTICIPANTS: An individual who is enrolled in the Plan, or their beneficiary. VARIABLE PRODUCTS: This term can refer to either a money market or mutual funds. Rates of return are not guaranteed, and rate of return is calculated based upon the performance (positive or negative) of its underlying investments.

PLEASE NOTE: In an effort to make this Report more user friendly, dollar amounts have been rounded to the nearest whole number.

Section I

4

SECTION II

ACCOUNTS, DEFERRALS, ASSETS AND DISTRIBUTIONS

Section II

5

Summary of Participant Accounts December 31, 2013 TOTAL ACTIVE 2013

IN PAYOUT 2013

2012

2013

13,842

436

14,734

14,278

-456

-3.1%

CHARLES SCHWAB (CS)

766

0

762

766

4

0.5%

GREAT WEST LIFE (GWL)

9,929

563

10,518

10,492

-26

-0.2%

ING (ING)

21,331

462

22,728

21,793

-935

-4.1%

NATIONWIDE RETIREMENT SOLUTIONS (NRS)

24,070

2,241

26,012

26,311

299

1.1%

T. ROWE PRICE (TRP)

5,118

719

5,719

5,837

118

2.1%

75,056

4,421

80,473

79,477

-996

-1.2%

INVESTMENT PROVIDERS VALIC (VAL)

PLAN TOTALS

2012 - 2013 2012 - 2013 Percent Change in Change Accounts

NOTES: ACTIVE ACCOUNTS include all participant accounts which may be currently deferring, or not deferring, with an account balance (participants may have multiple investment providers). IN PAYOUT includes the participant accounts currently receiving a distribution from the Plan.

Section II

6

Percentage of Participant Accounts by Investment Provider 2013

VALIC (VAL)

TRP 7.34%

CHARLES SCHWAB (CS)

VAL 17.96%

CS 0.96%

GREAT WEST LIFE (GWL)

ING (ING) GWL 13.20% NRS 33.11%

NATIONWIDE RETIREMENT SOLUTIONS (NRS) T. ROWE PRICE (TRP)

ING 27.42%

Section II

7

Summary of Deferrals TOTAL FIXED 2013

INVESTMENT PROVIDERS

VARIABLE 2013

2012

2013

% CHANGE

VALIC (VAL)

$

11,660,100

$

18,575,249

$

30,332,679

$

30,235,349

-0.3%

GREAT WEST LIFE (GWL)

$

4,136,536

$

7,107,806

$

11,475,985

$

11,244,341

-2.0%

ING (ING)

$

13,012,750

$

20,849,213

$

34,701,022

$

33,861,963

-2.4%

NATIONWIDE RETIREMENT SOLUTIONS (NRS)

$

24,108,618

$

21,878,190

$

45,644,568

$

45,986,807

0.7%

T. ROWE PRICE (TRP)

$

2,151,611

$

19,963,638

$

22,187,703

$

22,115,249

-0.3%

143,443,710

-0.6%

PLAN TOTALS*

$ 55,069,615

$ 88,374,095

$ 144,341,958

$

* Differences in deferral amounts that were reported monthly by the Bureau and the amounts provided by the Investment Providers are due to refunds, pay on demands and other salary deferral adjustments that have been made by the State after each payroll. NOTE: There are no deferrals made directly to Charles Schwab. The deferrals are made to NRS and at the participants request to NRS, their designated assets are moved from NRS to the Charles Schwab “cash account”.

Section II

8

Total Plan Deferrals

2013 TRP 15.42%

VALIC (VAL)

VAL 21.08%

GREAT WEST LIFE (GWL)

ING (ING) GWL 7.84% NATIONWIDE RETIREMENT SOLUTIONS (NRS) NRS 32.06%

T. ROWE PRICE (TRP) ING 23.61%

NOTE: There are no deferrals made directly to Charles Schwab. The deferrals are made to NRS and at the participants request to NRS, their designated assets are moved from NRS to the Charles Schwab “cash account”.

Section II

9

Average Annual Participant Deferrals by Gender and Investment Provider

Female Female

Male

Male

$6,795.77

$8,000.00 $8,000.00

$6,795.77 $7,000.00 $7,000.00

$5,169.64 $5,169.64

$6,000.00 $6,000.00 $5,000.00 $5,000.00

$4,323.46

$4,323.46 $4,000.00 $4,000.00 $3,000.00 $3,000.00

$2,790.76 $2,790.76

GENDER

Female Male

$2,000.00 $2,000.00

$3,537.74 $3,017.75 $3,537.74 VALIC (VAL) GREAT WEST ING (ING) NATIONWIDE T. ROWE $3,017.75 $2,612.44 Accounts 4,731 3,719 8,152 7,956 1,498 $2,612.44 $2,107.55 $1,843.01 Deferrals $ 2,729.99 $2,107.55 $ 1,538.56 $ 2,155.52 $ 2,613.61 $ 5,485.45 $1,843.01 $1,486.08 $1,486.08 Accounts 4,351 3,240 5,564 6,988 1,981 Deferrals $ 4,000.69 $ 1,775.86 $ 3,095.32 $ 3,541.83 $ 7,047.98 DETAILS

$1,000.00 $1,000.00 $0.00 $VALIC (VAL) VALIC (VAL)

Section II

GREAT WEST (GWL) GREAT WESTLIFE LIFE (GWL)

ING ING(ING) (ING)

NATIONWIDE (NRS) NATIONWIDE (NRS)

ROWE PRICE T.T.ROWE PRICE(TRP) (TRP)

10

Deferrals by Investment Provider $24,108,618

$25,000,000

$21,878,190

$20,849,213

Fixed

$18,575,249

$20,000,000

$15,000,000

Variable

$13,012,750 $11,660,100

$10,000,000

$7,107,806 $4,136,536

$5,000,000

$-

$19,963,638

$2,151,611

VALIC (VAL)

GREAT WEST LIFE (GWL)

ING (ING)

NATIONWIDE RETIREMENT SOLUTIONS (NRS)

T. ROWE PRICE (TRP)

2013 Percentage of Fixed & Variable Deferrals

38.39%

FIXED 2013 FIXED

2013

VARIABLE 2013 VARIABLE 2013

61.61%

Section II

11

Summary of Plan Assets (including present value of annuities)

2013 INVESTMENT PROVIDERS

2012 Total Assets

Account Values

Annuity Values

VALIC (VAL)

$

479,575,457

$

438,313

$

480,013,770

$

CHARLES SCHWAB (CS)

$

51,962,783

$

-

$

51,962,783

$

GREAT AMERICAN RESERVE (GAR)

$

$

3,598,991

$

3,598,991

GREAT WEST LIFE (GWL)

$

219,524,620

$

239,639

$

ING (ING)

$

721,321,158

$

11,649,243

METLIFE INVESTORS (MET)

$

-

$

NATIONWIDE FINANCIAL SERVICES (NFS)

$

-

NATIONWIDE RETIREMENT SOLUTIONS (NRS)

$

T. ROWE PRICE (TRP)

PLAN TOTALS

Section II

Total

Change in Plan Assets

% Change in Plan Assets

425,950,981 $

54,062,789

12.7%

$

9,251,948

21.7%

$

3,885,067 $

(286,076)

-7.4%

219,764,259

$

191,482,344 $

28,281,914

14.8%

$

732,970,401

$

649,519,311 $

83,451,090

12.8%

9,771,302

$

9,771,302

$

10,985,478 $

(1,214,176)

-11.1%

$

2,451,375

$

2,451,375

$

5,677,529 $

(3,226,154)

-56.8%

1,297,683,046

$

-

$

1,297,683,046

$

1,116,241,113 $

181,441,933

16.3%

$

494,596,029

$

-

$

494,596,029

$

411,993,200 $

82,602,829

20.0%

$

3,264,663,092

$

28,148,863

$

3,292,811,956

$

434,366,097

15.2%

-

42,710,835

2,858,445,859

$

12

Percentage of Plan Assets By Investment Provider (including present value of annuities) VALIC (VAL)

2013

CHARLES SCHWAB (CS)

VAL 14.58% TRP 15.02% CS 1.58% GAR 0.11%

GREAT AMERICAN RESERVE (GAR) GREAT WEST LIFE (GWL)

GWL 6.67% ING (ING)

METLIFE INVESTORS (MET)

ING 22.26% NATIONWIDE FINANCIAL SERVICES (NFS)

NRS 39.41%

NFS

0.07%

MET 0.30%

NATIONWIDE RETIREMENT SOLUTIONS (NRS) T. ROWE PRICE (TRP)

Section II

13

2013 Summary of Plan Assets Fixed and Variable Plan Assets (excluding present value of annuities)

VARIABLE

PERCENT OF TOTAL

TOTAL

VALIC (VAL)

$

203,826,650

42.5%

$

275,748,807

57.5%

$

479,575,457

CHARLES SCHWAB (CS)

$

-

0.0%

$

51,962,783

100.0%

$

51,962,783

GREAT WEST LIFE (GWL)

$

84,719,073

38.6%

$

134,805,547

61.4%

$

219,524,620

ING (ING)

$

347,352,423

48.2%

$

373,968,735

51.8%

$

721,321,158

NATIONWIDE RETIREMENT SOLUTIONS (NRS)

$

738,918,474

56.9%

$

558,764,573

43.1%

$

1,297,683,047

T. ROWE PRICE (TRP)

$

58,650,075

11.9%

$

435,945,954

88.1%

$

494,596,029

$

1,433,466,695

43.9%

$

1,831,196,399

56.1%

$ 3,264,663,094

PLAN TOTALS

Section II

PERCENT OF TOTAL

FIXED

INVESTMENT PROVIDERS

14

Percentage of Plan Assets By Investment Provider (excluding present value of annuities)

2013

TRP 15.15%

VALIC (VAL)

CHARLES SCHWAB (CS)

VAL 14.69%

CS 1.59% GWL 6.72%

GREAT WEST LIFE (GWL)

ING (ING)

ING 22.09% NRS 39.75%

NATIONWIDE RETIREMENT SOLUTIONS (NRS) T. ROWE PRICE (TRP)

Section II

15

Summary of Account Distributions INVESTMENT PROVIDERS

Distribution Type

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Total Count

Hardship Lump Sum Recurring Loans Aprroved Total

21 302 27 77 427

30 274 26 91 421

41 321 23 100 485

38 143 23 97 301

130 1,040 99 365 1,634

Hardship Lump Sum Recurring Loans Aprroved Total

28 162 9 54 253

36 217 6 77 336

37 190 10 84 321

36 175 12 65 288

137 744 37 280 1,198

Hardship Lump Sum Recurring Loans Aprroved Total

38 517 39 106 700

33 477 35 133 678

86 521 20 156 783

75 266 47 138 526

232 1,781 141 533 2,687

Hardship Lump Sum Recurring Loans Aprroved

56 596 40

102 522 42

123 351 62

175 867

217 883

135 619 55 259 1,068

197 733

416 2,088 199 848 3,551

Hardship Lump Sum Recurring Loans Aprroved Total

4 53 5 25 87

3 48 7 39 97

6 40 2 38 86

0 17 13 39 69

13 158 27 141 339

Hardship Lump Sum Recurring Loans Aprroved

147 1,630 120 437

204 1,538 116 557

305 1,691 110 637

272 952 157 536

928 5,811 503 2,167

2,334

2,415

2,743

1,917

9,409

VALIC

GREAT WEST LIFE

ING

NATIONWIDE RETIREMENT SOLUTIONS

T. ROWE PRICE

ALL INVESTMENT PROVIDERS

PLAN TOTALS

Section II

16

SECTION III

DETAIL OF FIXED ACCOUNTS

Section III

17

Detail of Fixed Accounts 2013 INVESTMENT PROVIDERS

2012 - 2013

Percent of Number of Change in Plan Assets Accounts Account Value

Values

Change in Number of Accounts

VALIC Fixed Interest Option Total

$ $

203,826,650 203,826,650

6.2% 6.2%

9,783 9,783

$ $

(3,992,545) (3,992,545)

(328) (328)

$ $ $ $ $ $

-

0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0

$ $ $ $ $ $

(8,592,733) (263,749) (138,557) (11,476) (273,790) (9,280,305)

(762) (762)

$ $

84,719,073 84,719,073

2.6% 2.6%

4,982 4,982

$ $

2,616,797 2,616,797

(277) (277)

$ $

347,352,423 347,352,423

10.5% 10.5%

13,545 13,545

$ $

(1,166,856) (1,166,856)

(210) (210)

$ $ $ $ $ $

161,145 667,948 2,910,686 692,582,051 42,596,645 738,918,474

0.0% 0.0% 0.1% 21.0% 1.3% 22.4%

2 20 67 15,323 2,280 17,692

$ $ $ $ $ $

(884,675) (572,182) (324,592) 83,784,036 (5,832,164) 76,170,423

(13) (10) (21) (89) (245) (378)

$ $ $

58,643,859 6,217 58,650,075

1.8% 0.0% 1.8%

2 1,223 1,225

$ $ $

(6,986,058) 495 (6,985,564)

(1376) 1221 (155)

$ 1,433,466,695

44%

47,227

$

57,361,950

(2,110)

CHARLES SCHWAB Sweep Money Market (including Cash) Corporate Bonds Government Bonds Municipal Bonds Certificates of Deposit Total

GREAT WEST LIFE GWL Guaranteed Portfolio Total

ING Fixed Account Total

NATIONWIDE RETIREMENT SOLUTIONS 1 Year CD 3 Year CD 5 Year CD Fixed Account Liquid Savings Total

T. ROWE PRICE Valic Fixed Interest Option Prime Reserve Total

PLAN TOTALS

* Identifies the total number of participants in the Charles Schwab product. * Note: 2012 - 49% of plan assets were fixed accounts.

Section III

18

SECTION IV

DETAIL OF VARIABLE ACCOUNTS

Section IV

19

Detail of Variable Accounts 2013 INVESTMENT PROVIDER MUTUAL FUNDS

Value

2012 - 2013

Percent of Total Plan Assets

Number of People 813 882 820 4,473 1,912 361 830 3,805 1,272 1,860 0 1,707 2,336 3,395 677 0 3,321 907 0 239 5,389 8 21 14 91 20 95 18 69 19 48 7

Change in Value

Change in Number of People

VALIC

Section IV

American Century Infl-Adj Bond Inv American Century Diversified Bond Inv American Funds American Mutual R4 American Funds EuroPacific Fund R4 American Funds Inv. Co. of America R4 American Capital World Bond R4 Calvert Equity Portfolio A Dreyfus MidCap Index Dreyfus Tech Growth A Franklin U.S. Government Securities A Invesco Capital Development I Invesco Mid Cap Growth R5 Invesco Small Cap Growth A Invesco Small Cap Value A Ivy Asset Strategy Y Janus Advisor Forty MFS Mass Invest Growth Stock R3 Neuberg Ber Real Estate Trust Pioneer Mid Cap Value Fund Y Prud Jenn Short-Term Corporate Bond A Vanguard Total Stock Index Wells Fargo Adv DJ Target Total Adm Wells Fargo Adv DJ Target 2010 Adm Wells Fargo Adv DJ Target 2015 Adm Wells Fargo Adv DJ Target 2020 Adm Wells Fargo Adv DJ Target 2025 Adm Wells Fargo Adv DJ Target 2030 Adm Wells Fargo Adv DJ Target 2035 Adm Wells Fargo Adv DJ Target 2040 Adm Wells Fargo Adv DJ Target 2045 Adm Wells Fargo Adv DJ Target 2050 Adm Wells Fargo Adv DJ Target 2055 Adm Outstanding Plan Loans

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

4,623,054 7,639,799 5,556,750 31,272,214 11,579,983 1,404,529 5,662,044 40,765,969 5,881,302 10,494,768 10,515,790 9,811,331 29,375,922 5,380,292 21,449,668 2,166,090 1,427,789 61,910,400 4,880 45,030 281,579 1,128,733 59,023 530,052 16,862 279,110 69,428 236,795 17,877 6,161,742

0.1% 0.2% 0.2% 0.9% 0.4% 0.0% 0.2% 1.2% 0.2% 0.3% 0.0% 0.3% 0.3% 0.9% 0.2% 0.0% 0.7% 0.1% 0.0% 0.0% 1.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Total

$

275,748,807

8.4%

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

(1,712,875) 2,267,808 2,954,839 5,888,529 2,437,137 (26,518) 1,284,025 9,136,448 979,343 (3,246,825) 2,488,030 3,844,343 8,730,231 1,749,165 3,798,092 841,625 (7,876) 14,942,900 4,873 (34,302) 262,055 268,755 19,800 135,541 1,572 92,659 61,921 76,942 17,317

$

57,255,553

2 248 498 (21) (113) 39 (54) (416) (27) (257) 0 (79) 656 63 95 0 (257) 318 0 24 197 7 1 8 0 18 7 15 12 16 5 4

20

Detail of Variable Accounts 2013 INVESTMENT PROVIDER MUTUAL FUNDS

Value

Percent of Total Plan Assets

2012 - 2013 Number of People

Change in Value

Change in Number of People

CHARLES SCHWAB Mutual Funds Common Stock International Funds Preferred Equities Corporate Bonds Government Bonds Municipal Bonds Cover Options Closed End Mutual Funds Real Estate Investment Trusts (REITs) FDIC Certificates of Deposit Sweep Money Market Exchange Traded Funds (ETFs) Preferred Debt Total

Section IV

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

13,753,412 17,922,018 1,605,703 165,172 524,686 152,726 (27,952) 731,714 556,476 260,560 8,564,631 7,753,638 51,962,783

0.4% 0.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.3% 0.2% 0.0% 1.6%

-

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

2,403,035 1,457,696 1,605,703 (125,787) 524,686 152,726 (16,222) 731,714 556,476 260,560 8,564,631 2,566,546 (149,510) 18,532,253

-

21

Detail of Variable Accounts 2013 INVESTMENT PROVIDER MUTUAL FUNDS

Value

2012 - 2013

Percent of Total Plan Assets

Number of People

0.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.4% 0.1% 0.4% 0.2% 0.4% 0.2% 0.1% 0.2% 0.2% 0.1% 0.7% 0.2% 0.2% 0.0% 0.2% 0.3% 0.0%

1,900 0 0 0 0 0 0 0 0 0 0 59 58 155 80 142 62 105 57 41 32 1,732 1,501 0 1,195 1,818 520 1,260 659 1,061 421 2,395 1,333 1,428 912 1,379 1,427 60

Change in Value

Change in Number of People

GREAT WEST LIFE Aggressive Profile American Century LIVESTRONG 2015 American Century LIVESTRONG 2020 American Century LIVESTRONG 2025 American Century LIVESTRONG 2030 American Century LIVESTRONG 2035 American Century LIVESTRONG 2040 American Century LIVESTRONG 2045 American Century LIVESTRONG 2050 American Century LIVESTRONG 2055 American Century LIVESTRONG Inc AMERICAN CENTURY ONE CHOICE 2015 INV AMERICAN CENTURY ONE CHOICE 2020 INV AMERICAN CENTURY ONE CHOICE 2025 INV AMERICAN CENTURY ONE CHOICE 2030 INV AMERICAN CENTURY ONE CHOICE 2035 INV AMERICAN CENTURY ONE CHOICE 2040 INV AMERICAN CENTURY ONE CHOICE 2045 INV AMERICAN CENTURY ONE CHOICE 2050 INV AMERICAN CENTURY ONE CHOICE 2055 INV AMERICAN CENTURY ONE CHOICE IN RET INV American Funds Wash Mutual A Artisan International Inv BlackRock Bond Index K Blackrock Bond Index Institutional BlackRock Capital Appreciation Instl Columbia Acorn Fund - Z Columbia Small Cap Value I Fund - Z Conservative Profile Dreyfus Appreciation Fund Prudential Jennison Mid Cap Growth Z Moderate Profile Perkins Mid Cap Value Fund T Neuberger Berman Socially Responsive - Inv Oppenheimer Developing Markets Y PIMCO Total Return Fund - Admin Vanguard Small Cap Index Instl Wasatch Small Cap Growth Outstanding Plan Loans Total

Section IV

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

15,445,323 999,494 236,986 843,934 177,009 350,379 23,650 138,419 55,062 28,526 93,253 12,289,800 6,513,275 3,207,333 11,727,974 6,524,921 3,642,151 5,746,649 5,885,018 3,462,155 24,509,181 5,780,621 7,990,698 282,941 5,161,318 9,841,845 461,444 3,386,186 134,805,547

4.1%

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

3,785,283 (804,843) (118,231) (552,392) (98,561) (135,026) (3,655) (83,481) (15,067) (3,155) (12,046) 999,494 236,986 843,934 177,009 350,379 23,650 138,419 55,062 28,526 93,253 2,979,143 1,177,119 (3,442,766) 3,207,333 2,478,674 1,535,908 711,192 57,719 538,683 844,003 4,281,568 907,734 2,032,363 282,941 (933,552) 3,762,399 274,906

$

25,600,905

(20) (47) (17) (109) (26) (96) (9) (63) (12) (7) (20) 59 58 155 80 142 62 105 57 41 32 66 71 (815) 1,195 425 (654) 143 (37) (398) (374) (116) 52 96 912 216 822 31

22

Detail of Variable Accounts 2013 INVESTMENT PROVIDER MUTUAL FUNDS

Value

2012 - 2013

Percent of Total Plan Assets

Number of People

Change in Value

Change in Number of People

ING

Section IV

Allianz NFJ Small-Cap Value Fund - Class A American Funds American Balanced Fund- R4 Baron Growth Fund - Retail Shares DWS Equity 500 Index Fund-S ING U.S. Stock Index Portfolio -Inst Class Eaton Vance Large-Cap Value Fund -Class I ING GNMA Income Fund - Class I Loomis Sayles Small Cap Growth - Inst Class Vanguard® Mid-Cap Index Fund - Inst Shares American Funds New Perspective Fund - R4 Pioneer Fund - Class Y Shares American Funds The Growth Fund of Amer- R4 Thornburg International Value Fund - Class R5

$ $ $ $ $ $ $ $ $ $ $ $ $

24,948,780 44,719,799 23,433,298 24,108,166 19,094,239 12,279,445 4,958,163 12,753,711 46,955,403 38,367,851 69,920,403 3,388,748

0.8% 1.4% 0.7% 0.0% 0.7% 0.6% 0.4% 0.2% 0.4% 1.4% 1.2% 2.1% 0.1%

4,527 4,114 3,247 0 2,752 2,780 2,051 672 1,847 6,644 3,089 6,842 724

$ $ $ $ $ $ $ $ $ $ $ $ $

6,255,240 8,627,939 7,843,731 6,789,029 4,408,253 (7,280,397) 4,496,036 4,803,198 10,538,755 8,322,364 18,052,813 950,597

(75) 171 280 0 387 (50) (301) 471 340 91 (61) 242 48

Vanguard® Long-Term Bond Index -Inst Shrs Vanguard® Target Retirement 2010 - Inv Shrs Vanguard® Target Retirement 2015 - Inv Shrs Vanguard® Target Retirement 2020 - Inv Shrs Vanguard® Target Retirement 2025 - Inv Shrs Vanguard® Target Retirement 2030 - Inv Shrs Vanguard® Target Retirement 2035 - Inv Shrs Vanguard® Target Retirement 2040 - Inv Shrs Vanguard® Target Retirement 2045 - Inv Shrs Vanguard® Target Retirement 2050 -Inv Shrs Vanguard® Target Retirement 2055 - Inv Shrs Vanguard® Target Retirement 2060 Fund Vanguard® Target Retirement Inc - Inv Shrs Morgan Stanley Inst Trust Mid Cap Grwth Port P Outstanding Plan Loans Total

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

5,176,416 506,658 1,918,498 2,117,194 3,305,072 1,291,059 996,375 1,106,232 599,766 292,335 123,576 68,387 5,521,391 22,434,421 3,583,351 373,968,735

0.2% 0.0% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.2% 0.7%

1,086 56 122 172 200 201 218 225 184 117 55 24 313 3,434

$ $ $ $ $ $ $ $ $ $ $ $ $ $

(2,172,095) (178,659) 722,480 976,092 1,891,647 745,156 380,539 338,328 278,566 153,399 89,923 66,827 1,651,706 5,558,800

(3) 11 45 87 98 96 96 96 101 64 41 18 99 (155)

$

84,310,268

11.4%

23

Detail of Variable Accounts 2013 INVESTMENT PROVIDER MUTUAL FUNDS

Value

2012 - 2013

Percent of Total Plan Assets

Number of People

0.9% 0.7% 0.3% 0.9% 0.7% 0.1% 0.0% 0.0% 0.1% 0.2% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.2% 2.5% 0.4% 0.2% 0.5% 0.2% 0.8% 0.7% 0.5% 1.6% 1.7% 0.4% 2.0%

2,234 1,602 969 2,126 1,743 253 1,523 272 148 100 228 270 220 241 165 282 262 524 3,978 1,486 450 1,410 536 2,184 2,958 1,413 3,235 3,042 1,929 3,196

Change in Value

Change in Number of People

NATIONWIDE RETIREMENT SOLUTIONS American Century Equity Growth American Century Equity Income American Century Heritage Fund - Investor Class Dodge & Cox Income Fund Federated Mid Cap Index - Service Shares Fidelity Advisor Small Cap A Fidelity Contra Fund Fidelity Freedom Income Retirement Income Fidelity Freedom Target Date 2015 Fideltiy Freedom Target Date 2020 Fidelity Freedom Target Date 2025 Fidelity Freedom Target Date 2030 Fideltiy Freedom Target Date 2035 Fidelity Freedom Target Date 2040 Fideltiy Freedom Target Date 2045 Fideltiy Freedom Target Date 2050 Fideltiy Freedom Target Date 2055 Fidelity Puritan Fund MSIF Growth Portfolio Class P Nationwide Invdes Omv Des Aggressive FD SC Nationwide Invdes Des Conservative FD SC Nationwide Invdes Des Mod Aggressive FD SC Nationwide Invdes Des Moderate Conserv. FD SC Nationwide Invdes Des Moderate FD SC Oakmark International Fund - Class I JP Morgan Mid Cap Value NB Genesis Fund Trust Cl Invesco Van Kampen Growth & Income Fund A Vanguard Total International Stock Index - Inst Vanguard Institutional Index Fund Outstanding Plan Loans Total

Section IV

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

29,863,424 21,948,322 10,113,823 31,253,884 23,915,848 1,687,467 28,860,115 932,076 2,910,827 5,380,914 3,365,228 1,763,553 1,032,965 380,685 223,524 214,535 135,353 7,983,104 80,747,927 11,756,395 5,079,881 17,682,821 7,128,671 27,243,764 22,006,695 16,978,058 52,837,064 54,699,648 12,750,157 64,893,480 12,994,364 558,764,573

17.0%

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

6,856,438 2,711,348 1,688,991 (6,361,077) 5,558,137 795,051 6,706,621 19,848 692,788 2,148,522 1,371,226 570,957 515,251 196,558 149,660 (2,439) 119,634 2,620,118 21,538,518 1,686,957 (89,049) 3,095,736 749,277 5,471,783 5,926,990 4,942,716 9,953,655 10,119,096 2,369,239 13,588,378

(85) (78) (33) (226) (6) 46 49 156 22 (103) 88 80 96 138 102 217 222 65 (284) (31) (54) (33) (14) (29) 37 90 (124) (173) (63) (17)

105,710,929

24

Detail of Variable Accounts 2013 INVESTMENT PROVIDER MUTUAL FUNDS

Value

2012 - 2013

Percent of Total Plan Assets

Number of People

1.4% 0.1% 0.0% 1.0% 0.8% 1.6% 0.2% 0.7% 0.1% 1.2% 0.8% 0.8% 0.2% 0.1% 0.3% 0.5% 0.6% 0.3% 0.3% 0.1% 0.1% 0.0% 0.0% 0.0% 0.1% 0.3% 0.3% 0.6% 0.9%

1,481 155 101 1,207 906 1,804 378 1,333 189 1,534 1,145 1,031 249 41 120 268 362 294 325 211 227 142 100 62 95 831 668 923 1,114

Change in Value

Change in Number of People

T. ROWE PRICE Capital Appreciation Fund Dividend Growth Fund Emerging Markets Bond Fund Equity Income Fund Equity Index Trust Cl C Growth Stock Fund Health Sciences Fund International Growth and Income Fund Media and Telecommunications Fund Mid-Cap Growth Fund Mid-Cap Value Fund New Horizons Fund New Income Fund Retirement 2005 Active Trust A Retirement 2010 Active Trust A Retirement 2015 Active Trust A Retirement 2020 Active Trust A Retirement 2025 Active Trust A Retirement 2030 Active Trust A Retirement 2035 Active Trust A Retirement 2040 Active Trust A Retirement 2045 Active Trust A Retirement 2050 Active Trust A Retirement 2055 Active Trust A Retirement Income Active Trust A Science and Technology Fund Small-Cap Stock Fund Small-Cap Value Fund Spectrum Income Fund Outstanding Plan Deemed Loans Outstanding Plan Loans Total

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

45,000,323 3,007,349 964,891 34,175,234 24,954,519 51,426,173 6,654,729 23,834,004 2,078,109 37,869,726 25,072,804 27,660,188 5,336,991 1,795,381 8,516,467 15,940,026 18,432,809 9,932,837 9,491,234 3,335,688 4,237,922 1,166,056 530,604 455,953 4,381,233 8,302,901 10,121,940 19,701,273 28,751,147 210,075 2,607,368 435,945,954

Plan Total

$

1,831,196,399

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

7,694,461 1,534,583 (416,579) 6,684,023 5,953,977 12,930,338 3,688,245 4,250,864 1,140,207 8,689,604 5,052,891 8,965,702 (2,451,403) 190,441 468,127 1,709,651 4,922,744 2,410,442 2,703,867 977,870 1,135,682 332,377 172,482 188,417 794,079 2,369,400 2,712,501 4,085,398 123,967

13.2%

$

89,014,357

56%

$

380,424,265

(68) 54 (2) (57) (15) (85) 164 (69) 87 (53) (51) 33 (62) 0 (2) 8 30 44 45 39 42 36 43 24 (3) (30) 20 (51) (86)

* Note: 2012 - 51% of plan assets were variable accounts.

Section IV

25

SECTION V

12/31/2013 INVESTMENT PERFORMANCE REPORT

Section V

26

Quarterly Performance Report How Do I Choose an Investment Company? x

Company Communications. The Investment Companies in the program offer a variety of ways to help in your retirement planning goals. Companies offering face-to-face representatives, phone and internet services are Great-West Retirement Services, Nationwide Retirement Solutions, Valic, and ING. T. Rowe Price representatives are available via telephone and internet. To enroll you have the following options: 1.) Contact one or more of the 5 Investment Companies of your choice and enroll over the phone. 2.) Request an enrollment package to fill out and send back to one or more of the 5 Investment Companies you choose. 3.) Enroll online with Nationwide, Great-West Retirement Services, Valic and/or ING. 4.) Complete and submit the EZ Enrollment Form electronically on our website, www.myfloridadeferredcomp.com, by clicking the “Enroll Now” button. You may also print this form, complete and fax to us at 850-488-7186, or scan and email it to [email protected] (documents scanned and e-mailed should be encrypted due to personal information considered to be protected) .

x

Investment Options Available. The Investment Companies offer a wide variety of mutual funds and guarantee of principal and interest accounts (see pg. 11 & 12 for definitions).

x

Qualified Default Investment Alternatives (QDIA). Each investment company offers a line-up of target date funds used to default Participant contributions based on their age. The EZ Enrollment form uses each company’s target date funds as the QDIA. These funds qualify under the U.S. Department of Labor regulations as QDIA by acting as a single investment capable of meeting a participant’s long-term retirement savings needs.

x

Fees. The “Investment Management Fee” is a fee charged by the mutual fund company itself-not the Investment Company and is included in the return. The investment management fee is important and should be considered when choosing a Company.

x

Customer Service. Customer service is a priority of the Bureau of Deferred Compensation and each Investment Company in the program. If you feel that you have received unsatisfactory customer service from your Investment Company, you may elect to change companies at any time without penalty. In addition, please contact our office toll free at 1-877-299-8002 or within Tallahassee 850-413-3162 with any concerns.

x

Investment Advice. All of our Companies provide free consultations upon enrollment in the Deferred Compensation program. Two Investment Providers, Valic and Great West, offer advisory services. These services are available to participants for a fee. Please contact either Valic or Great West for any further questions about these new services.

Column Explanations (Needed for pages 3-10) ¾ The Deferred Compensation Program offers five traditional Investment Companies and one online brokerage service company. Toll-free telephone numbers and web addresses are provided for easy access. ¾ Under each Investment Company’s heading is a list of the Products offered by that company. The appropriate Index is listed below each mutual fund in italics. An index is a comparable standard for that particular mutual fund category. ¾ Listed on the right side of the product name is the product Morningstar Fund Category. A Morningstar fund category identifies what type of stocks or bonds are held within that particular mutual fund. The definitions for all of these “Morningstar fund categories” can be found on page 11 of this document. Page 27

¾ The Ticker Symbol is a system of letters used to identify the mutual fund in various types of media such as newspapers, websites, etc. ¾ A Star Rating is also used on the report. The 5-year Morningstar Star rating is a measure of a fund’s risk-adjusted return, relative to similar funds. Funds are rated from one to five stars, with the top 10% of performers in each Morningstar Category receiving 5 stars and the bottom 10% of performers receiving 1 star. The Morningstar Star Rating is used for identifying funds worthy of further research, but should not be considered buy or sell recommendations. Funds with a Star Rating less than 3 are being reviewed for possible termination in the Deferred Compensation program. ¾ The day a fund begins offering shares is known as its Inception Date. This date identifies the beginning of a new mutual fund. ¾ The 12 months, 3, 5, and 10 year Historical Returns display the profit or loss from an investment over that time period. The historical returns show you the performance of the products for the given time periods. Compare the historical returns to the index returns; you would desire your manager of the fund to match or beat the index numbers over extended periods of time. The returns reflect historical performance and should not be considered indicative of future performance. ¾ A mutual fund company charges Fees before any returns are paid to investors. These fees include the portfolio manager’s compensation and other expenses associated with operating the mutual fund. The fee is stated as a percentage of the fund’s average daily net asset value. (When looking at historical returns, the Investment Management fee has already been subtracted). The expense as a dollar amount of the fee will vary due to factors such as account balance and rate of return. For example, the dollar amount of the fee for a $1,000 account with an Investment Management Fee of 0.93% would be $9.30 (without any type of fluctuation in the fee or trading activity). A portion of the Investment Management Fee may be reimbursed to our Investment Companies. This Reimbursement Fee is paid by the mutual fund to the investment Company as a fee for offering their fund. A portion of this fee is used to fund the State of Florida Deferred Compensation Program. $1.20 per participant per month is remitted to the State by each Investment Company to fund the State’s responsibility for the Deferred Compensation Program. It is the policy of the Department of Financial Services (DFS) to make available a broad range of investment options that have varying degrees of risk and return. The DFS has responsibility for ensuring that a variety of reasonable investment options are available, that information regarding these options is available to participants, and that program investment management expenses are kept to a minimum. The State of Florida’s 457(b) Government Deferred Compensation Plan is a participant directed investment program. The DFS has an established Investment Policy for Product Selection and Retention (IPPSR) that establishes the investment standards for the Government Employees’ Deferred Compensation Plan, adopts criteria for the selection and retention of the Plan’s investment options, and provides a method for the quarterly evaluation and monitoring of the investment options. Copies of the IPPSR and product evaluations are available upon request.

For more information, you may contact our office at 850-413-3162 or toll-free at 1-877-299-8002. You may also visit our website at www.MyFloridaDeferredComp.com. The numbers discussed in this document are a snapshot of performance as of the date indicated. Past performance does not guarantee future results. To find more detailed information on products listed in this report contact the Investment Company directly. A prospectus can be obtained from the Investment Company and should be read carefully before investing.

Page 28

STATE OF FLORIDA 457(b) DEFERRED COMPENSATION PLAN INVESTMENT PRODUCT PERFORMANCE REPORT HISTORICAL AVERAGE ANNUAL TOTAL RETURNS STATE OF FLORIDA BUREAU OF DEFERRED COMPENSATION TALLAHASSEE 850-413-3162 or toll free 1-877-299-8002

http://www.MyFloridaDeferredComp.com * Fund names in Bold are the variable investment products offered in the Deferred Compensation Plan. * Index names in italics are the indices identified by Morningstar. * Comparing the Investment Product with its index will give an indication of the fund's performance relative to its benchmark. * The Star Rating is determined by comparing a fund's risk adjusted returns with all other funds in the same category. A rating is then assigned (5 = best, 1 = worst). * Short-term and excessive trading fees may apply. Please see the prospectus of the mutual fund for more information.

Historical Returns

Period Ending: 12/31/13

Fees

(Net of Fees)

Investment Company & Product

Morningstar Fund Category

Ticker Symbol

5 yr Star Rating

Inception date

Intrmed.-Term Bond

DODIX

****

01/03/89

(These are already included in historical returns)

12 Mo

3YR

5YR

10YR

(%)

(%)

(%)

(%)

(%)

0.43

≈

$4.30

0.58

≈

$5.80

0.97

≈

$9.70

0.74

≈

$7.40

0.04

≈

$0.40

0.68

≈

$6.80

0.84

≈

$8.40

0.94

≈

$9.40

1.01

≈

$10.10

0.65

≈

$6.50

1.14

≈

$11.40

1.06

≈

$10.60

1.11

≈

$11.10

0.42

≈

$4.20

1.06

≈

$10.60

Expressed as Dollars Per $1,000

Nationwide Retirement Solutions 1-800-949-4457 To enroll online:

http://www.nrsflorida.com

Dodge & Cox Income Barcap Aggregate Bond Index Fidelity Puritan

Moderate Allocation

****

FPURX

04/16/47

Dow Jones U.S. Moderate Portfolio Index Morgan Stanley Inst. Fund Trust Focus Growth P Large Growth

*****

MSEGX

01/02/96

Russell 1000 Growth Index Fidelity Contrafund

Large Growth

***

FCNTX

05/17/67

S&P 500 Index Vanguard Institutional Index

Large Blend

****

VINIX

07/31/90

S&P 500 Index American Century Equity Growth Inv

Large Blend

***

BEQGX

05/09/91

S&P 500 Index Invesco Growth & Income A

Large Value

**

ACGIX

08/01/46

Russell 1000 Value Index American Century Equity Income Inv

Large Value

**

TWEIX

08/01/94

Russell 3000 Value Index American Century Heritage

Mid-Cap Growth

***

TWHIX

11/10/87

Russell Mid-Cap Growth Index Federated Mid-Cap Index

Mid-Cap Blend

***

FMDCX

11/05/92

S&P Mid-Cap 400 Index JP Morgan Mid-Cap Value Select

Mid-Cap Value

****

JMVSX

11/01/97

Russell Mid-Cap Value TR USD Fidelity Adv Small Cap

Small Blend

*

FSCDX

09/09/98

Russell 2000 TR USD Neuberger Berman Genesis Tr

Mid-Cap Growth

***

NBGEX

08/26/93

Russell 2000 TR USD Vanguard Total International Stock Index Inst 1

Foreign Large Blend

***

VTSNX

11/29/10

Spl Total International Stock Index Oakmark International I

Foreign Large Blend

*****

OAKIX

09/30/92

MSCI World ex US Ndtr D Index

0.64

4.41

7.20

5.10

-2.60

2.39

3.91

4.46

20.34

11.29

14.77

7.00

19.56

11.40

14.33

7.49

48.22

18.26

27.00

9.87

33.48

16.45

20.39

7.83

34.15

15.91

18.67

10.20

32.39

16.18

17.94

7.41

32.35

16.15

17.95

7.41

32.39

16.18

17.94

7.41

32.94

17.18

17.29

7.65

32.39

16.18

17.94

7.41

33.84

14.51

16.02

7.82

32.53

16.06

16.67

7.58

19.46

11.32

11.90

6.99

32.69

15.93

16.75

7.66

31.02

12.43

20.63

11.87

35.74

15.63

23.37

9.77

33.21

15.19

21.40

9.92

33.50

15.64

21.89

10.36

31.66

17.37

20.25

10.29

33.46

15.97

21.16

10.25

38.18

11.72

16.03

9.76

38.82

15.67

20.08

9.07

36.89

16.29

19.23

11.30

38.82

15.67

20.08

9.07

15.15

5.21

N/A

N/A

15.76

5.10

N/A

N/A

29.34

12.83

21.14

10.50

21.02

7.34

12.49

7.07

1

For investments in the Vanguard Total International Stock Index Fund, Nationwide Retirement Services charges a 30 basis point daily asset fee for its administrative services to the plan in addition to the fund fees charged by Vanguard.

Nationwide Fixed Account Rate

Nationwide Bank FDIC Products

(Not to fall below 3.50%) 1st Quarter 2014

3.50%

4th Quarter 2013

3.50%

3rd Quarter 2013

3.50%

2nd Quarter 2013

3.50%

Rate

Yield

Benchmark

Liquid Savings

0.37%

0.37%

0.070%

1 year CD

0.42%

0.42%

0.13% (yield)

3 Year CD

1.09%

1.10%

0.69% (yield)

5 Year CD

2.04%

Page 29

2.06%

1.58% (yield)

Fixed Account rates are guaranteed for the current quarter and credited & compounded daily. The assets in the guarantee of principal and interest accounts are backed by the financial strength of the insurance companies offering them. Additionally, the Office of Insurance Regulation analyzes the financial condition of the insurance companies on a quarterly basis. *Fees are included in the returns of the Guarantee of Principal and Interest Accounts.

Historical Returns

Period Ending: 12/31/2013

Fees

(Net of Fees)

Investment Company & Product

Morningstar Fund Category

Ticker Symbol

5 yr Star Rating

Inception date

BMOIX

**

04/01/11

(These are already included in historical returns)

12 Mo

3YR

5YR

10YR

(%)

(%)

(%)

(%)

(%)

0.27

≈

$2.70

0.71

≈

$7.10

0.84

≈

$8.40

0.97

≈

$9.70

0.87

≈

$8.70

0.62

≈

$6.20

0.77

≈

$7.70

0.82

≈

$8.20

0.77

≈

$7.70

1.26

≈

$12.60

0.08

≈

$0.80

1.07

≈

$10.70

1.05

≈

$10.50

1.19

≈

$11.90

Expressed as Dollars Per $1,000

Great-West Retirement Services 1-800-444-9412 To enroll online:

https://florida457.gwrs.com/login.do

Blackrock Bond Index, Institutional

Intrmed.-Term Bond

Barcap Aggregate Bond Index PIMCO Total Return Admin

Intrmed.-Term Bond

PTRAX

***

09/08/94

Barcap Aggregate Bond Index BlackRock Cap Appreciation

Large Growth

MAFGX

***

06/25/10

Russell 1000 Growth Index Dreyfus Appreciation

Large Blend

DGAGX

**

01/18/84

S&P 500 Index Neuberger Berman Socially Responsive Inv

Large Growth

NBSRX

***

03/16/94

S&P 500 Index American Funds Washington A

Large Value

AWSHX

***

07/31/52

S&P 500 Index Perkins Mid-Cap Value Inv

Mid-Cap Value

JMCVX

*

08/12/98

Russell Mid-Cap Value Index Columbia Acorn Z

Mid-Cap Growth

ACRNX

***

06/10/70

Russell 2500 Index Prudential Jennison Mid Cap Gr Z

Mid-Cap Growth

PEGZX

****

10/17/96

Russell Mid-Cap Growth Index TR USD Wasatch Small Cap Growth

Small Growth

WAAEX

****

12/08/86

Russell 2000 Growth Index Vanguard Small Cap Index Inst

Small Blend

VSCIX

****

07/07/97

Spliced Small Cap Index Columbia Sm Cap Val I Z

Small Value

CSCZX

**

04/01/11

Russell 2000 Value Index Oppenheimer Developing Markets Y

Diversified Emerging Mkts

ODVYX

*****

09/07/05

MSCI Emerging Markets Index 12/28/95

Foreign Large Blend

Great-West Fixed Account Rate

Fixed account rates are guaranteed for the current quarter and credited & compounded daily.

(Not to fall below 0.50%) 1st Quarter 2014

3.00%

4th Quarter 2013

3.00%

3nd Quarter 2013

3.00%

2nd Quarter 2013

3.00%

ARTIX

*****

Artisan International Inv MSCI AC World NR USA

-2.07

2.54

5.15

4.51

-2.75

2.89

2.15

4.23

-2.17

3.82

6.65

5.77

-2.75

2.89

2.15

4.23

34.20

11.78

17.80

7.49

33.48

16.45

20.39

7.83

21.45

12.93

14.97

6.34

32.39

16.18

17.94

7.41

38.20

14.19

19.01

8.19

32.39

16.18

17.94

7.41

31.91

16.68

16.46

7.19

32.39

16.18

17.94

7.41

25.92

10.62

15.17

9.06

33.46

15.97

21.16

10.25

30.90

13.77

20.98

10.43

36.80

16.28

21.77

9.81

28.08

15.10

20.94

11.51

35.74

15.63

23.37

9.77

31.17

15.31

24.07

9.15

43.30

16.82

22.58

9.41

37.80

16.63

22.59

10.38

37.77

16.56

22.48

10.27

34.20

12.00

17.18

9.20

34.52

14.49

17.64

8.61

8.68

2.69

20.23

15.32

-0.95

-3.36

17.90

12.01

25.18 26.68

13.33 11.49

16.60 15.02

8.93 6.98

The assets in the guarantee of principal and interest accounts are backed by the financial strength of the insurance companies offering them. Additionally, the Office of Insurance Regulation analyzes the financial condition of the insurance companies on a quarterly basis. *Fees are included in the returns of the Guarantee of Principal and Interest Accounts.

Profile Funds Offered by Great-West Retirement Services Historical Returns as of 12/31/2013 Fees (These are already included in 5YR(%) 10YR(%) returns)

Historical Returns (Net of Fees)

Great-West Retirement Services

Inception Date

1YR (%)

3YR(%)

Conservative Profile

11/01/02

7.24

6.58

8.53

5.75

0.54

Moderate Profile

11/01/02

16.62

10.08

13.35

7.41

0.81

Aggressive Profile

11/01/02

29.23

13.53

17.81

8.20

0.95

Page 30

Historical Returns

Period Ending: 12/31/2013

Fees

(Net of Fees)

Investment Company & Product

Morningstar Fund Category

Ticker Symbol

5 yr Star Rating

Inception date

FKUSX

***

05/29/70

(These are already included in historical returns)

12 Mo

3YR

5YR

10YR

(%)

(%)

(%)

(%)

(%)

0.73

≈

$7.30

0.78

≈

$7.80

0.60

≈

$6.00

0.47

≈

$4.70

0.79

≈

$7.90

1.22

≈

$12.20

0.04

≈

$0.40

0.65

≈

$6.50

0.66

≈

$6.60

0.84

≈

$8.40

0.50

≈

$5.00

1.04

≈

$10.40

1.15

≈

$11.50

1.23

≈

$12.30

1.61

≈

$16.10

0.98

≈

$9.80

0.88

≈

$8.80

0.85

≈

$8.50

Expressed as Dollars Per $1,000

Valic 1-888-467-3726 To enroll online:

http://www.valic.com/floridadcp

Franklin US Govt Securities A

Intermediate Govt

Barcap Aggregate Bond Index Prudential Short-Term Corporate Bond Fund

Short-Term Bond

PBSMX

****

9/1/1989

Barcap 1-5yr Govt/Credit American Century Diversified Bond Inv

Intermediate-Term Bond

ADFIX

**

12/03/01

Barcap US Universal Bond Index American Century Inf-Adj Bond Inv

Inflation-Protected Bond

ACITX

***

02/10/97

Barcap US Gov Bond Index MFS Massachusetts Gr Stk R3

Large Growth

MIGHX

****

04/01/05

Russell 1000 Growth Index Calvert Social Invmt Eq A (Socially Responsible)

Large Growth

CSIEX

**

08/24/87

S&P 500 Index Vanguard Total Stock Market Index

Large Blend

VITSX

****

07/07/97

Spliced Total Stock Market Index American Funds Inv Co America R4

Large Blend

RICEX

***

05/28/02

S&P 500 Index American Funds American Mutual R4

Large Value

RMFEX

****

06/27/02

S&P 500 Index Invesco Mid Cap Growth3

Mid-Cap Growth

VGRJX

****

06/01/10

Russell Mid-Cap Growth Index Dreyfus Mid-Cap Index

Mid-Cap Blend

PESPX

***

06/19/91

S&P Mid-Cap 400 Index Neuberger Berman Real Estate Tr

Real Estate

NBRFX

***

05/01/02

FTSE NAREIT Equity REITs Invesco Small Cap Value A

Small Value

VSCAX

****

06/21/99

Russell 2000 Value Index Invesco Small Cap Growth A

Small Growth

GTSAX

****

10/18/95

Russell 2000 Growth Index Dreyfus Premier Tech Growth A

Technology

DTGRX

***

10/13/97

NYSE Arca Tech 100 Index Ivy Asset Strategy Y

World Allocation

WASYX

***

12/29/95

MSCI AC World ex USA American Funds Capital World Bond R4

World Bond

RCWEX

***

08/15/02

Barcap Global Aggregate Index American Funds EuroPacific R4

Foreign Large Blend

REREX

****

06/07/02

MSCI World ex US Ndtr_D Index

3

-1.68

2.16

3.45

4.07

-2.75

2.89

2.15

4.23

0.89

2.95

5.35

4.02

-0.12

1.34

1.71

3.15

-2.48

3.23

4.62

4.58

-1.35

3.79

5.41

4.85

-9.12

3.09

5.03

4.50

-2.60

2.70

2.26

4.14

30.16

15.53

19.89

7.85

33.48

16.45

20.39

7.83

30.42

13.78

18.16

7.17

32.39

16.18

17.94

7.41

33.49

16.25

18.86

8.12

33.51

16.26

18.87

8.11

32.36

14.53

16.18

7.09

32.39

16.18

17.94

7.41

27.86

14.55

16.16

7.47

32.39

16.18

17.94

7.41

37.55

12.16

23.37

10.84

35.74

15.63

23.37

9.77

32.86

15.05

21.34

9.88

33.50

15.64

21.89

10.36

0.81

8.42

16.45

9.84

2.47

9.42

16.50

8.42

44.26

17.50

22.20

12.14

34.52

14.49

17.64

8.61

39.90

17.80

22.66

9.62

43.30

16.82

22.58

9.41

32.58

12.07

23.14

7.13

34.24

16.90

23.20

9.53

24.32

11.06

13.24

12.43

15.78

5.61

13.32

8.04

-2.93

2.68

4.89

4.77

-2.60

2.39

3.91

4.46

20.17

7.37

13.50

8.91

21.02

7.34

12.49

7.07

The Invesco Capital Development I fund was merged with the Invesco Mid Cap Growth fund on 06/08/2012. Please see the Invesco Mid Cap Growth fund's prospectus for more details.

VALIC Fixed Account Rate (Not to fall below 2.00%) 1st Quarter 2014

2.40%

4th Quarter 2013

2.40%

3rd Quarter 2013

2.40%

2nd Quarter 2013

2.40%

Fixed account rates are guaranteed for the current quarter and credited & compounded daily. The assets in the guarantee of principal and interest accounts are backed by the financial strength of the insurance companies offering them. Additionally, the Office of Insurance Regulation analyzes the financial condition of the insurance companies on a quarterly basis. *Fees are included in the returns of the Guarantee of Principal and Interest Accounts.

Page 31

Historical Returns

Period Ending: 12/31/2013

Fees

(Net of Fees)

Investment Company & Product

Morningstar Fund Category

Ticker Symbol

5 yr Star Rating

Inception date

***

08/31/73

(These are already included in historical returns)

12 Mo

3YR

5YR

10YR

(%)

(%)

(%)

(%)

(%)

0.62

≈

$6.20

0.69

≈

$6.90

0.70

≈

$7.00

0.10

≈

$1.00

0.67

≈

$6.70

0.68

≈

$6.80

0.80

≈

$8.00

0.73

≈

$7.30

0.81

≈

$8.10

0.80

≈

$8.00

0.92

≈

$9.20

0.98

≈

$9.80

0.79

≈

$7.90

0.81

≈

$8.10

0.88

≈

$8.80

0.94

≈

$9.40

0.87

≈

$8.70

Expressed as Dollars Per $1,000

T. Rowe Price 1-800-893-0269

http://www.rps.troweprice.com http://rps.troweprice.com/florida

For exisitng participants information link: To enroll online:

T.Rowe Price New Income

Intrmed-Term Bond

PRCIX

Barcap Aggregate Bond Index T. Rowe Price Spectrum Income

Multisector Bond

RPSIX

**

06/29/90

Barcap Aggregate Bond Index T. Rowe Price Growth Stock

Large Growth

PRGFX

****

04/11/50

S&P 500 Index T. Rowe Price Equity Index Trust-C4

Large Blend

N/A

N/A

12/31/92

S&P 500 Index T. Rowe Price Dividend Growth

Large Blend

PRDGX

****

12/30/92

S&P 500 Index T. Rowe Price Equity Income

Large Value

PRFDX

***

10/31/85

S&P 500 Index T. Rowe Price Mid-Cap Growth

Mid-Cap Growth

RPMGX

*****

06/30/92

S&P Mid-Cap 400 Index T. Rowe Price Capital Appreciation

Moderate Allocation

PRWCX

*****

06/30/86

Dow Jones U.S. Moderate Portfolio Index T. Rowe Price Mid-Cap Value

Mid-Cap Value

TRMCX

****

06/28/96

S&P Mid-Cap 400 Index T. Rowe Price New Horizons

Small Growth

PRNHX

*****

06/03/60

Russell 2000 Growth Index T. Rowe Price Small Cap Stock

Small Growth

OTCFX

****

06/01/56

Russell 2000 Index T. Rowe Price Small Cap Value

Small Blend

PRSVX

***

06/30/88

Russell 2000 Index T. Rowe Price Health Sciences

Health

PRHSX

*****

12/29/95

S&P 500 Index T. Rowe Price Media and Telecommunications

Communications

PRMTX

****

10/13/93

S&P 500 Index T. Rowe Price Science & Technology Fund

Technology

PRSCX

***

09/30/87

S&P 500 Index T. Rowe Price Emerging Markets Bond

Emerging Markets Bond

PREMX

***

12/30/94

JP Morgan EMBI Global T. Rowe Price International Gro & Inc MSCI EAFE

Foreign Large Value

TRIGX

****

12/21/98

-2.26

3.21

5.76

4.80

-2.02

3.26

4.44

4.55

3.02

5.73

9.29

6.01

-2.02

3.26

4.44

4.55

39.20

17.91

22.39

8.89

32.39

16.18

17.94

7.41

32.29

16.10

17.93

7.38

32.39

16.18

17.94

7.41

30.35

15.73

17.24

7.86

32.39

16.18

17.94

7.41

29.75

14.73

16.92

7.56

32.39

16.18

17.94

7.41

36.89

15.49

23.47

11.45

33.50

15.64

21.89

10.36

22.43

13.16

17.07

8.98

19.56

11.40

14.33

7.49

31.54

14.41

20.67

10.15

33.50

15.64

21.89

10.36

49.11

22.70

29.05

12.68

43.30

16.82

22.58

9.41

37.65

17.51

24.39

10.97

38.82

15.67

20.08

9.07

32.74

15.82

19.81

10.83

38.82

15.67

20.08

9.07

51.40

30.40

27.80

15.31

32.39

16.18

17.94

7.41

40.78

19.97

29.83

16.53

32.39

16.18

17.94

7.41

43.70

13.39

24.29

7.60

32.39

16.18

17.94

7.41

-7.19

4.73

11.92

8.66

-5.25

6.10

11.72

8.19

22.97 22.78

8.17 8.17

13.45 12.44

7.62 6.91

Effective 02/28/2013, T. Rowe Price will no longer offer the Stable Value Fund. The Stable Value fund will be replaced by a VALIC Guarantee of Principal and Interest Account, offered by T. Rowe Price. The assets in the new fund will remain with T. Rowe Price. The details of this fund are listed below.

VALIC Fixed Account Rate 1st Quarter 2014

2.00%*

4th Quarter 2013

2.00%

3nd Quarter 2013

2.25%

2nd Quarter 2013

2.40%

Fixed account rates are guaranteed for the current quarter and credited & compounded daily. The assets in the guarantee of principal and interest accounts are backed by the financial strength of the insurance companies offering them. Additionally, the Office of Insurance Regulation analyzes the financial condition of the insurance companies on a quarterly basis.

*Fees are included in the returns of the Guarantee of Principal and Interest Accounts.

* After December 31, 2013, the rate will be guaranteed not to drop below 1.50% until December 31, 2016.

Page 32

Historical Returns

Period Ending: 12/31/2013

Fees

(Net of Fees)

Investment Company & Product

Morningstar Fund Category

Ticker Symbol

5 yr Star Rating

Inception date

LEINX

****

08/17/73

(These are already included in historical returns)

12 Mo

3YR

5YR

10YR

(%)

(%)

(%)

(%)

(%)

0.63

≈

$6.30

0.07

≈

$0.70

0.64

≈

$6.40

0.69

≈

$6.90

0.27

≈

$2.70

0.66

≈

$6.60

0.74

≈

$7.40

0.96

≈

$9.60

0.28

≈

$2.80 3

1.32

≈

$13.20

0.95

≈

$9.50

1.21

≈

$12.10

0.99

≈

$9.90

0.81

≈

$8.10

Expressed as Dollars Per $1,000

ING 1-800-282-6295 To enroll online:

http://www.ingretirementplans.com/custom/fl457

ING GNMA Income I

Intermediate Govt

Barcap Mortgage Backed Securities Index Vanguard Long Tm Bd Inx

Long-Term Bond

VBLLX

***

03/01/94

Spl Barclays US Long Gv/Cr Flt Adj lx. Amer Funds American Balanced R4

Moderate Allocation

RLBEX

****

07/26/75

Dow Jones U.S. Moderate Portfolio Index Amer Funds Growth Fund R4

Large Growth

RGAEX

***

12/01/73

S&P 500 Index ING US Stock Index Portfolio

Large Blend

INGIX

***

05/03/04

S&P 500 Index Pioneer Fund Y

Large Blend

PYODX

**

02/13/28

S&P 500 Index Eaton Vance Lg-Cap Val I

Large Value

EILVX

*

09/23/31

Russell 1000 Value Index Morgan Stanley Inst Mid-Cap Growth

Mid-Cap Growth

MACGX

****

01/31/97

Russell Mid-Cap Growth Index Vanguard Mid-Cap Index2

Mid-Cap Blend

VMCIX

****

05/21/98

Spliced Mid-Cap Index Baron Growth Fund

Mid-Cap Growth

BGRFX

****

12/30/94

Russell 2000 Growth Index Loomis Sayles Small Cap Growth

Small Growth

LSSIX

****

12/31/96

Russell 2000 Growth Index Allianz NFJ Small Cap Value A

Small Value

PCVAX

**

10/01/91

Russell 2000 Value Index Thornburg International Value R5

Foreign Large Growth

TIVRX

**

02/01/05

MSCI AC World Ex USA Amer Funds New Perspective R4 MSCI World Ndtr D Index

World Stock

RNPEX

****

03/13/73

2

-1.59

3.03

4.17

4.48

-1.48

2.42

3.69

4.63

-9.01

6.49

6.33

6.35

-8.83

6.70

6.41

6.36

21.68

12.97

14.56

6.94

19.56

11.40

14.33

7.49

33.82

15.35

18.32

8.31

32.39

16.18

17.94

7.41

32.04

15.89

17.65

N/A

32.39

16.18

17.94

7.41

33.46

12.13

15.38

7.10

32.39

16.18

17.94

7.41

29.65

12.95

13.27

7.58

32.53

16.06

16.67

7.58

38.03

11.86

24.29

11.69

35.74

15.63

23.37

9.77

35.17

15.42

22.11

10.14

35.21

15.46

22.13

10.13

38.32

17.70

22.10

10.52

43.30

16.82

22.58

9.41

47.71

18.91

23.85

11.68

43.30

16.82

22.58

9.41

31.55

14.01

18.07

11.17

34.52

14.49

17.64

8.61

15.63

5.18

11.85

N/A

21.02

7.34

12.49

7.07

26.79 26.68

12.25 11.49

16.99 15.02

9.17 6.98

For investments in the Vanguard Mid-Cap Index Fund, ING charges a 20 basis point daily asset fee for its administrative services to the plan in addition to the fund fees charged by Vanguard.

Fixed account rates are guaranteed for the current quarter and credited & compounded daily.

ING Fixed Account Rate (Not to fall below 1.80%)* 1st Quarter 2014

2.00%

4th Quarter 2013

2.00%

3rd Quarter 2013

2.00%

2nd Quarter 2013

2.00%

The assets in the guarantee of principal and interest accounts are backed by the financial strength of the insurance companies offering them. Additionally, the Office of Insurance Regulation analyzes the financial condition of the insurance companies on a quarterly basis. *Fees are included in the returns of the Guarantee of Principal and Interest Accounts.

*Floor rate of 1.80% guaranteed through 2013.

Page 33

Target Date Retirement Funds Historical Returns as of 12/31/2013 Fees (These are already included in returns)

Historical Returns (Net of Fees)

Investments Company & Product

Morningstar Category

Ticker Symbol

5-yr Star Rating

Inception Date

1YR (%)

Retirement Income

ARTOX

****

08/31/04

11.11

8.22

10.18

N/A

6.45

6.44

8.91

6.32

3YR(%)

5YR(%) 10YR(%)

(%)

Expressed as Dollars Per $1,000

Great-West Retirement Services American Century One Choice In Ret Inv Morningstar Lifetime Mod American Century One Choice 2015 Inv

Target Date 2011-2015

ARFIX

*****

08/31/04

Morningstar Lifetime Mod 2015 American Century One Choice 2020 Inv

Target Date 2016-2020

***

ARBVX

05/30/08

Morningstar Lifetime Mod 2020 American Century One Choice 2025 Inv

Target Date 2021-2025

ARWIX

*****

08/31/04

Morningstar Lifetime Mod 2025 American Century One Choice 2030 Inv

Target Date 2026-2030

***

ARCVX

05/30/08

Morningstar Lifetime Mod 2030 American Century One Choice 2035 Inv

Target Date 2031-2035

ARYIX

*****

08/31/04

Morningstar Lifetime Mod 2035 American Century One Choice 2040 Inv

Target Date 2036-2040

***

ARDVX

05/30/08

Morningstar Lifetime Mod 2040 American Century One Choice 2045 Inv

Target Date 2041-2045

AROIX

*****

08/31/04

Morningstar Lifetime Mod 2045 American Century One Choice 2050 Inv

Target Date 2046-2050

****

ARFVX

05/30/08

Morningstar Lifetime Mod 2050 American Century One Choice 2055 Inv

Target Date 2051-2055

AREVX

N/A

03/31/11

Morningstar Lifetime Mod 2055

11.53

8.36

10.77

N/A

10.50

8.23

11.65

7.52

12.58

8.76

11.53

N/A

12.98

8.96

12.86

7.85

14.04

9.18

12.18

N/A

16.28

9.83

14.17

8.16

15.86

9.71

12.97

N/A

19.64

10.66

15.31

8.41

17.92

10.38

13.82

N/A

22.03

11.22

16.01

8.60

19.69

10.98

14.63

N/A

23.05

11.42

16.30

8.73

21.08

11.38

15.06

N/A

23.07

11.34

16.35

8.79

21.58

11.58

15.28

N/A

22.83

11.19

16.34

8.83

22.21

N/A

N/A

N/A

22.49

11.00

16.27

8.80

0.77

≈

$7.70

0.79

≈

$7.90

0.82

≈

$8.20

0.85

≈

$8.50

0.87

≈

$8.70

0.90

≈

$9.00

0.93

≈

$9.30

0.97

≈

$9.70

0.98

≈

$9.80

0.99

≈

$9.90

0.51

≈

$5.10

0.51

≈

$5.10

0.51

≈

$5.10

0.51

≈

$5.10

0.52

≈

$5.20

0.52

≈

$5.20

0.53

≈

$5.30

0.53

≈

$5.30

0.53

≈

$5.30

0.53

≈

$5.30

0.53

≈

$5.30

0.53

≈

$5.30

ING 4

Vanguard Target Rtmt Inc

Retirement Income

VTINX

*****

10/27/03

Mstar Lifetime Mod Vanguard Target Rtmt 20104

Target Date 2000-2010

VTENX

****

06/07/06

Morningstar Lifetime Mod 2010 Vanguard Target Rtmt 20154

Target Date 2011-2015

VTXVX

****

10/27/03

Morningstar Lifetime Mod 2015 Vanguard Target Rtmt 20204

Target Date 2016-2020

VTWNX

****

06/07/06

Morningstar Lifetime Mod 2020 Vanguard Target Rtmt 20254

Target Date 2021-2025

VTTVX

****

10/27/03

Morningstar Lifetime Mod 2025 Vanguard Target Rtmt 20304

Target Date 2026-2030

VTHRX

****

06/07/06

Morningstar Lifetime Mod 2030 Vanguard Target Rtmt 20354

Target Date 2031-2035

VTTHX

****

10/27/03

Morningstar Lifetime Mod 2035 Vanguard Target Rtmt 20404

Target Date 2036-2040

VFORX

****

06/07/06

Morningstar Lifetime Mod 2040 Vanguard Target Rtmt 20454

Target Date 2041-2045

VTIVX

****

10/27/03

Morningstar Lifetime Mod 2045 Vanguard Target Rtmt 20504

Target Date 2046-2050

VFIFX

****

06/07/06

Morningstar Lifetime Mod 2050 Vanguard Target Rtmt 20554

Target Date 2051-2055

VFFVX

N/A

08/18/10

Morningstar Lifetime Mod 2055 Vanguard Target Rtmt 20604

Target Date 2056-2060

VTTSX

Morningstar Lifetime Mod 2060

4

N/A

01/19/12

5.50

6.07

8.18

5.11

6.45

6.44

8.91

6.32

8.71

7.11

10.16

N/A

8.76

7.62

10.67

7.16

12.60

8.20

11.40

5.79

10.50

8.23

11.65

7.52

15.45

9.02

12.37

N/A

12.98

8.96

12.86

7.85

17.73

9.69

13.24

6.12

16.28

9.83

14.17

8.16

20.06

10.38

14.13

N/A

19.64

10.66

15.31

8.41

22.39

11.02

14.93

6.62

22.03

11.22

16.01

8.60

23.94

11.50

15.26

N/A

23.05

11.42

16.30

8.73

23.94

11.50

15.26

N/A

23.07

11.34

16.35

8.79

23.91

11.50

15.26

N/A

22.83

11.19

16.34

8.83

23.90

11.60

N/A

N/A

22.49

7.08

9.88

6.83

23.91

N/A

N/A

N/A

N/A

N/A

N/A

N/A

For investments in the Vanguard Target Retirement Funds, ING charges a 35 basis point daily asset fee for its administrative services to the plan in addition to the fund fees

Page 34

Target Date Retirement Funds Historical Returns as of 12/31/2013 Fees (These are already included in returns)

Historical Returns (Net of Fees)

Investments Company & Product

Morningstar Category

Ticker Symbol

5-yr Star Rating

Inception Date

Retirement Income

WFLOX

*

11/08/99

1YR (%)

3YR(%)

5YR(%) 10YR(%)

(%)

Expressed as Dollars Per $1,000

Valic Wells Fargo Adv DJ Tgt Adm Morningstar Lifetime Mod

Wells Fargo Adv DJ Tgt 2010 Adm

Target Date 2000-2010

WFLGX

*

11/08/99

Morningstar Lifetime Mod 2010 Wells Fargo Adv DJ Tgt 2015 Adm

Target Date 2016-2020

WFFFX

*

06/29/07

Morningstar Lifetime Mod 2015 Wells Fargo Adv DJ Tgt 2020 Adm

Target Date 2026-2030

WFLPX

*

11/08/99

Morningstar Lifetime Mod 2020 Wells Fargo Adv DJ Tgt 2025 Adm

Target Date 2000-2010

WFTRX

*

06/29/07

Morningstar Lifetime Mod 2025 Wells Fargo Adv DJ Tgt 2030 Adm

Target Date 2016-2020

WFLIX

***

03/01/94

Morningstar Lifetime Mod 2030 Wells Fargo Adv DJ Tgt 2035 Adm

Target Date 2026-2030

WFQWX

***

06/29/07

Morningstar Lifetime Mod 2035 Wells Fargo Adv DJ Tgt 2040 Adm

Target Date 2036-2040

WFLWX

***

11/08/99

Morningstar Lifetime Mod 2040 Wells Fargo Adv DJ Tgt 2045 Adm

Target Date 2036-2040

WFQYX

***

06/29/07

Morningstar Lifetime Mod 2045 Wells Fargo Adv DJ Tgt 2050 Adm

Target Date 2050+

WFQDX

****

06/29/07

Morningstar Lifetime Mod 2050 Wells Fargo Adv DJ Tgt 2055 Adm

Target Date 2050+

WFLHX

N/A

07/01/11

Morningstar Lifetime Mod 2055

0.55

3.22

5.30

4.20

6.45

6.44

8.91

6.32

2.06

3.78

6.49

4.43

8.76

7.62

10.67

7.16

4.60

4.69

7.88

N/A

10.50

8.23

11.65

7.52

8.07

5.92

9.57

5.24

12.98

8.96

12.86

7.85

11.82

7.19

11.46

N/A

16.28

9.83

14.17

8.16

15.58

8.32

13.21

6.07

19.64

10.66

15.31

8.41

18.81

9.25

14.52

N/A

22.03

11.22

16.01

8.60

21.37

9.99

15.54

6.78

23.05

11.42

16.30

8.73

22.65

10.35

15.80

N/A

23.07

11.34

16.35

8.79

22.86

10.44

15.91

N/A

22.83

11.19

16.34

8.83

22.75

N/A

N/A

N/A

22.49

11.00

16.27

8.80

0.65

≈

$6.50

0.67

≈

$6.70

0.68

≈

$6.80

0.70

≈

$7.00

0.70

≈

$7.00

0.71

≈

$7.10

0.72

≈

$7.20

0.72

≈

$7.20

0.72

≈

$7.20

0.72

≈

$7.20

0.72

≈

$7.20

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

0.58

≈

$5.80

T. Rowe Price T. Rowe Price Retirement Income Active Trust

Target-Date 2000-2014

TRRIX

N/A

01/13/12

Mstar Lifetime Mod T. Rowe Price Retirement 2005 Active Trust

Target-Date 2000-2014

TRRFX

N/A

01/13/12

Morningstar Lifetime Mod 2005 T. Rowe Price Retirement 2010 Active Trust

Target-Date 2000-2014

TRRAX

N/A

01/13/12

Morningstar Lifetime Mod 2010 T. Rowe Price Retirement 2015 Active Trust

Target-Date 2015-2029

TRRGX

N/A

01/13/12

Morningstar Lifetime Mod 2015 T. Rowe Price Retirement 2020 Active Trust

Target-Date 2015-2029

TRRBX

N/A

01/13/12

Morningstar Lifetime Mod 2020 T. Rowe Price Retirement 2025 Active Trust

Target-Date 2015-2029

TRRHX

N/A

01/13/12

Morningstar Lifetime Mod 2025 T. Rowe Price Retirement 2030 Active Trust

Target-Date 2030+

TRRCX

N/A

01/13/12

Morningstar Lifetime Mod 2030 T. Rowe Price Retirement 2035 Active Trust

Target-Date 2030+

TRRJX

N/A

01/13/12

Morningstar Lifetime Mod 2035 T. Rowe Price Retirement 2040 Active Trust

Target-Date 2030+

TRRDX

N/A

01/13/12

Morningstar Lifetime Mod 2040 T. Rowe Price Retirement 2045 Active Trust

Target-Date 2030+

TRRKX

N/A

01/13/12

Morningstar Lifetime Mod 2045 T. Rowe Price Retirement 2050 Active Trust

Target-Date 2030+

TRRMX

N/A

01/13/12

Morningstar Lifetime Mod 2050 T. Rowe Price Retirement 2055 Active Trust

Target-Date 2030+

TRRNX

Morningstar Lifetime Mod 2055

Page 35

N/A

01/13/12

9.02

N/A

N/A

N/A

6.45

6.44

8.91

6.32

9.65

N/A

N/A

N/A

7.48

7.08

9.88

6.83

11.75

N/A

N/A

N/A

8.76

7.62

10.67

7.16

15.03

N/A

N/A

N/A

10.50

8.23

11.65

7.52

17.92

N/A

N/A

N/A

12.98

8.96

12.86

7.85

20.70

N/A

N/A

N/A

16.28

9.83

14.17

8.16

23.05

N/A

N/A

N/A

19.64

10.66

15.31

8.41

24.98

N/A

N/A

N/A

22.03

11.22

16.01

8.60

26.07

N/A

N/A

N/A

23.05

11.42

16.30

8.73

25.98

N/A

N/A

N/A

23.07

11.34

16.35

8.79

26.07

N/A

N/A

N/A

22.83

11.19

16.34

8.83

26.03

N/A

N/A

N/A

22.49

11.00

16.27

8.80

Target Date Retirement Funds Historical Returns as of 12/31/2013 Fees (These are already included in returns)

Historical Returns (Net of Fees)

Investments Company & Product

Morningstar Category

Ticker Symbol

5-yr Star Rating

Inception Date

Retirement Income

FFFAX

***

10/01/96

1YR (%)

3YR(%)

5YR(%) 10YR(%)

(%)

Expressed as Dollars Per $1,000

Nationwide Fidelity Freedom Income Mstar Lifetime Mod Fidelity Freedom 2015

Target-Date 2011-2015

FFVFX

***

11/01/03

Morningstar Lifetime Mod 2015 Fidelity Freedom 2020

Target-Date 2016-2020

FFFDX

**

07/07/97

Morningstar Lifetime Mod 2020 Fidelity Freedom 2025

Target-Date 2021-2025

FFTWX

***

06/07/06

Morningstar Lifetime Mod 2025 Fidelity Freedom 2030

Target-Date 2026-2030

FFFEX

**

10/27/03

Morningstar Lifetime Mod 2030 Fidelity Freedom 2035

Target-Date 2031-2035

FFTHX

**

06/07/06

Morningstar Lifetime Mod 2035 Fidelity Freedom 2040

Target-Date 2036-2040

FFFFX

**

10/27/03

Morningstar Lifetime Mod 2040 Fidelity Freedom 2045

Target-Date 2041-2045

FFFGX

***

06/07/06

Morningstar Lifetime Mod 2045 Fidelity Freedom 2050

Target-Date 2046-2050

FFFHX

**

06/01/06

Morningstar Lifetime Mod 2050 Fidelity Freedom 2055 Morningstar Lifetime Mod 2055

Target-Date 2051-2055

FDEEX

N/A

06/01/11

4.56

4.31

7.24

4.13

6.45

6.44

8.91

6.32

11.88

7.26

11.62

5.71

10.50

8.23

11.65

7.52

13.22

7.67

12.68

5.83

12.98

8.96

12.86

7.85

16.50

8.67

13.69

6.17

16.28

9.83

14.17

8.16

18.13

9.09

14.09

6.10

19.64

10.66

15.31

8.41

20.68

9.64

14.64

6.28

22.03

11.22

16.01

8.60

21.05

9.76

14.81

6.28

23.05

11.42

16.30

8.73

21.60

9.85

14.96

N/A

23.07

11.34

16.35

8.79

21.87

9.81

15.05

N/A

22.83

11.19

16.34

8.83

22.71 22.49

N/A 11.00

N/A 16.27

N/A 8.80

0.51

≈

$5.10

0.66

≈

$6.60

0.69

≈

$6.90

0.73

≈

$7.30

0.79

≈

$7.90

0.81

≈

$8.10

0.81

≈

$8.10

0.82

≈

$8.20

0.82

≈

$8.20

0.82

≈

$8.20

Lifecycle Funds Offered by Nationwide Retirement Solutions Historical Returns as of 12/31/2013 Historical Returns (Net of Fees) Nationwide Retirement Solutions

Ticker Symbol

Inception Date

1YR (%)

3YR(%)

5YR(%) 10YR(%)

Fees

(These are already included in returns)

Nationwide Investors Conservative

NDCSX

03/31/00

3.82

3.92

5.27

3.90

0.88

Nationwide Investors Moderate Conservative

NSDCX

03/31/00

9.45

6.45

8.38

5.01

0.87

Nationwide Investors Moderate

NSDMX

03/31/00

15.54

8.60

11.05

5.81

0.86

Nationwide Investors Moderate Aggressive

NDMSX

03/31/00

21.68

10.64

13.68

6.64

0.86

Nationwide Investors Aggressive

NDASX

03/31/00

26.25

11.97

15.41

7.01

0.87

Schwab Personal Choice Retirement Account® (PCRA) On-line Brokerage Service For Broker Assistance: 1-888-393-7272 www.schwab.com To enroll contact Nationwide Retirement Solutions at 1-800-949-4457 Funds available through the self-directed brokerage window have not been selected through any selection process, are not monitored, require investment expertise to prudently manage and have risk of substantial losses. Schwab's PCRA currently provides access to more than 6,000 mutual funds from 400 fund families. Of the 6,000 mutual funds available, more than 3,000 are offered without loads and transaction fees as part of the Schwab Mutual Fund OneSource service, and more than 1,100 are institutional or load-waived funds. Of the 6,000 mutual funds available, approximately 1,500 are no-load funds with transaction fees, and 500 are no load, no transaction fee. For a complete listing of available products offered through Charles Schwab & Co. Inc., visit their website at www.schwab.com .

There is a $25 annual fee associated with this account that is paid to Nationwide. Schedule of Commissions and Transaction Fees STOCKS - Stock Commissions per Executed Trade (Includes Exchange Traded Funds) Transaction Fee Trading Channel Electronic Stocks and non-Schwab ETFs Schwab ETFs™ Broker-Assisted

$8.95 $0.00 Electronic commission, plus $25

MUTUAL FUNDS

No-Transaction Fee (NTF) Mutual Funds: Trade orders in no-load funds available through Schwab's Mutual Fund OneSource® service (including Schwab Funds®), as well as certain other funds, are available with no transaction fees when placed through one of Schwab's electronic or Broker assisted channels. Transaction-Fee Mutual Funds: Trading Channel Electronic

Purchases

Sell

$50 per trade $0 Electronic commision, plus $25 service charge per $25 service charge per trade Broker-Assisted trade Other information for all Mutual Fund Transactions: Some funds may also charge sales and/or redemption fees. Please read the prospectuses for details.

Page 36

Explanation of Morningstar Fund Categories Mutual funds do not guarantee a rate of return, nor do they guarantee against loss of money invested. There are two things that will cause the value of a variable fund to increase: 1) the fund is paid interest and/or dividends, which is considered income, or 2) the fund sells a stock or bond at a higher price than it was purchased for, which is considered capital appreciation. Mutual funds differ based on their investment objectives. Some funds seek as much income as possible, while others attempt to increase their value solely through capital appreciation. Many funds attempt to increase in value through both income and capital appreciation. Funds that look to increase in value through income have relatively stable returns (low volatility), while funds that seek capital appreciation have relatively unstable returns (high volatility). Listed below are definitions of various fund objectives. Blend fund A mutual fund whose assets are composed of a combination of stocks, bonds, and money market securities, rather than just one or two of these asset classes (also sometimes called hybrid funds or balanced funds.) Bond fund A mutual fund that invests in bonds, typically with the objective of providing stable income through regular interest payments. Conservative Allocation fund A mutual fund that seeks income and capital appreciation is the secondary objective, by investing in stocks, bonds, and cash. Foreign fund A mutual fund that invests in companies located outside of the United States. Growth fund A mutual fund whose aim is to achieve price appreciation by investing in stocks of established companies. Typically any dividends or income paid to the fund is minimal, as growth companies will retain all or most of their earnings for research and development and reinvest profits. Intermediate Bond fund A mutual fund that invests primarily in corporate and other investment-grade U.S. fixed-income issues. Life-cycle fund A mutual fund that is designed for investors of a certain age or with a specific time horizon for investing. They offer different risk profiles that investors can shift between as their circumstance changes. Multisector Bond fund A mutual fund that invests its assets among several fixed-income sectors, including U.S. government issues, foreign bonds, and high-yield bonds. Moderate Allocation fund A mutual fund that seeks both, capital appreciation and income by investing in stocks, bonds, and cash. Mutual fund An investment company that pools money from shareholders and invests in a variety of securities, such as stocks, bonds and money market instruments. These funds offer investors the advantages of diversification and professional management. Target Date fund A diverse mix of investments like stocks, bonds and cash equivalents that periodically and automatically adjust over time to grow more conservative as you near your target retirement date. Value fund A mutual fund that invests in companies which it determines to be undervalued. Assuming that a company's share price will not remain undervalued indefinitely, the funds look to make money by buying before the expected upturn. Value funds tend to focus on safety rather than growth, and often choose investments providing dividends as well as price appreciation. World fund A mutual fund that invests in companies located throughout the world, including the United States. Large, Mid, or Small Cap Fund Refers to the size of the companies in which the fund is investing. Large capitalization stocks are those companies that have a market capitalization greater than $5 billion. Mid-cap stocks have a market capitalization between $1 billion to $5 billion. Small cap stocks have a market capitalization ranging from $250 million to $1 billion. Page 37

Guarantee of Principal and Interest Products A guarantee of principal and interest product guarantees a rate of return for a specified period of time, usually one quarter (three months). Fees are associated with these products and are included in the returns listed on pgs 3-6. Every company offers a guarantee of principal and interest account. Effective February 28, 2013, T. Rowe Price will no longer offer the Stable Value fund as one of the options in our plan. The Stable Value fund was replaced by a VALIC fixed interest option, but may not necessarily have the same terms and rates as the current VALIC fixed interest option listed on page 5 of this document. When the term "guaranteed" is used to describe any product in the Plan, it refers to a guarantee made by one of the Investment Companies in the Plan, not the Deferred Compensation Program or the State of Florida.

Historical Returns The returns reflect historical performance and should not be considered indicative of future performance. Returns include changes in principal value, reinvested dividends, and capital gain distributions. Investment return and principal value will vary and shares may be worth more or less at redemption than at original price. Read the fund’s prospectus carefully for more information on management fees, risk, and other expenses before you enroll in a fund.

Fee The fee of the mutual fund offered through the Investment Provider (expense for managing the fund). This fee (expense ratio) is subject to change at any time, within certain limits. The Investment Company is responsible for reporting the most recent expense ratios to the Bureau of Deferred Compensation. A “Redemption Fee” is a fee charged for selling a mutual fund too quickly after buying. A redemption fee is used to discourage the buying and selling of mutual funds frequently. It is only charged to the investor when a fund is sold within the window of time designated by the mutual fund company. Not all funds will have this fee, but it is important to review each fund’s prospectus or call the investment company for more information about fund redemption fees.

Page 38

SECTION VI

2014 PARTICIPANT SURVEY REPORT

Section VI

39

March 2014

Name Address 1 Address 2 City, State Zip

Dear Deferred Compensation Participant: The Deferred Compensation Office is conducting a survey in order to best serve our participants. This survey will help provide us knowledge of your level of satisfaction with our office and your Investment Provider Company. Included with this letter are two surveys that are sent to randomly selected participants from each Investment Provider Company. The first survey addresses the State Deferred Compensation Office and the second addresses your Investment Provider Company. Your responses to these surveys are important and will assist us in providing you with better service. Please return the surveys in the enclosed postage paid envelope at your earliest convenience. Your responses will remain confidential within the Deferred Compensation Program. However, the results of the completed surveys may be published. For further assistance, please contact the Deferred Compensation Office toll free at 1-877-2998002. You may also visit our website at www.myfloridadeferredcomp.com for information about the deferred compensation Program. Thank you for taking the time to complete these surveys. Sincerely, State of Florida Deferred Compensation Office

2014 Participant Survey “Deferred Compensation Office”

IP:

Excellent

Good

Fair

Poor

Not Used














































Electronically (E-MAIL)

MAIL (USPS)

1. How would you rate the quality of customer service you receive when you call the Deferred Compensation Office?

2. How would you rate the Deferred

Compensation Office’s website?

3. How would you rate the Deferred

Compensation Office communication materials in planning for retirement?







Co-Worker

Human Resources

In the mail or E-mail

Investment Company

Other
















4. How would you prefer to receive your communication materials?

5. How did you become aware of the Deferred Compensation Program?

6. In your opinion, how could the Deferred Compensation Office improve its services? (Please write legibly) Other Comments:

Please provide your name and contact information. Name ________________________________ Email ________________________________

Phone ______________________________

2014 Participant Survey - Deferred Compensation Office Customer Service

Mean: 3.09 Communication Materials

Response Excellent Good Fair Poor Not Used

Percent 29.89 24.14 5.75 1.15 36.78

Response Excellent Good Fair Poor Not Used

Percent 24.14 44.83 6.90 2.30 13.79

How did you learn about Def Comp? Response Co-worker HR Mail/Email IP Other

Percent 24.14 47.13 6.90 8.05 12.64

Mean: 3.69

Mean: 2.37

Website

Mean: 3.09

Response Excellent Good Fair Poor Not Used

Percent 20.69 34.48 8.05 2.30 32.18

How do you prefer to receive communications? Response Percent Electronically-email 31.03 Mail-USPS 65.52

Mean: 1.68

2014 Participant Survey “Investment Provider Company”

1. How would you rate the responsiveness of your Investment Provider Company’s representatives? 2. How would you rate your Investment Provider Company’s website ?

IP:

Excellent

Good

Fair

Poor

Not Used































Yes

No







3. Are you satisfied with the selection of investment products/options? 4. How do you believe your Investment Provider Company could improve its services?

Please provide your name and contact information. Name ______________________________ Email _______________________________

Phone ________________________ _

2014 Participant Survey - Investment Provider Representatives Responsiveness Response Excellent Good Fair Poor Not Used

Percent 38.67 33.33 4.00 2.67 21.33

Satisfied With Investment Options? Response Yes No

Percent 89.33 8.00

Mean: 3.65

Mean: 0.92

IP Website

Mean: 3.31

Response Excellent Good Fair Poor Not Used

Percent 32.00 30.67 2.67 2.67 30.67

February 2014 Name Address 1 Address 2 City, State Zip

Dear Deferred Compensation Payee: In order to best serve our participants, the Deferred Compensation Office is conducting a survey that will help provide knowledge of our participants level of satisfaction with the Deferred Compensation Program. Included with this letter are two surveys that are being sent to all participants who are currently receiving a payout/distribution from a Deferred Compensation account. The first survey addresses the State Deferred Compensation Office and the second addresses your Investment Provider Company. Your responses to these surveys are important and will assist us in providing you with better service. At your earliest convenience, please return the completed surveys in the enclosed prepaid envelope. Your identity as well as your responses will remain confidential within the Deferred Compensation Program. However, the results of the completed surveys may be published. Thank you for your time and effort. We value your opinion. Please include any suggestions or additional information on how the Deferred Compensation Office or your Investment Provider Company can better serve you. For further assistance, please contact the Deferred Compensation Office toll free at 1-877-2998002. You may also visit our website at www.myfloridadeferredcomp.com for information about the Deferred Compensation Program. Thank you for taking the time to complete these surveys. Sincerely, State of Florida Deferred Compensation Office

2014 Payee Survey “Deferred Compensation Office”

1. How would you rate the quality of customer service you receive from the Deferred Compensation Office?

2. How would you rate the information presented in the State of Florida Distribution Guide? 3. How would you rate the Deferred Compensation Office’s written materials in planning your retirement?

IP:

Excellent

Good

Fair

Poor

Not Used














































4. In your opinion, how could the Deferred Compensation Office improve its services? (please write legibly)

Comments:

Please provide your name and contact information. Name ____________________________ Email _____________________________

Phone_____________________________

2014 Payee Survey - Deferred Compensation Office Customer Service

Mean: 3.70 Written Materials

Mean: 3.70

Response Excellent Good Fair Poor Not Used

Percent 44.48 27.60 2.19 0.42 23.54

Response Excellent Good Fair Poor Not Used

Percent 35.00 37.29 4.90 1.04 19.17

Distribution Guide

Mean: 3.80

Response Excellent Good Fair Poor Not Used

Percent 37.40 38.02 3.96 0.31 17.40

2014 Payee Survey “Investment Provider Company”

1.

Excellent

Good

Fair

Poor

Not Used












































































How would you rate the quality of customer service you receive when calling your Investment Provider Company?

2. How would you rate your Investment Provider Company’s communication materials? (i.e. emails, newsletters, quarterly statements, etc.)

3. How would you rate your Investment Provider Company’s website? 4.

5.

IP:

How would you rate the responsiveness of your Compensation Investment Company’s representative?

How would you rate the payout Options offered to you by your Investment Provider Company?

Comments:

Please provide your name and contact information. Name ______________________________ Email _______________________________

Phone __________________________

2014 Payee Survey "Investment Provider Company" Customer Service

Mean: 3.95 Website

Mean: 2.70 Payout Options

Mean: 4.05

Response Excellent Good Fair Poor Not Used

Percent 49.72 28.82 2.86 1.54 16.28

Response Excellent Good Fair Poor Not Used

Percent 23.87 21.01 2.75 0.44 48.95

Response Excellent Good Fair Poor Not Used

Percent 44.11 36.63 5.72 2.64 9.24

Communication Materials

Mean: 4.13 IP Representatives

Mean: 3.89

Response Excellent Good Fair Poor Not Used

Percent 44.77 39.05 6.16 1.32 7.70

Response Excellent Good Fair Poor Not Used

Percent 48.51 26.84 3.85 2.64 16.83