HomeMy WebLinkAbout20000677 RESOLUTION
RE: APPROVE AMENDMENT#1 TO WELD COUNTY 401K SAVINGS PLAN AND
AUTHORIZE CHAIR TO SIGN - PRINCIPAL LIFE INSURANCE COMPANY
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, the Board has been presented with Amendment#1 to the Weld County
401K Savings Plan between the County of Weld, State of Colorado, by and through the Board
of County Commissioners of Weld County, and Principal Life Insurance Company, with terms
and conditions being as stated in said amendment, and
WHEREAS, after review, the Board deems it advisable to approve said amendment, a
copy of which is attached hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that Amendment#1 to the 401K Savings Plan between the County of
Weld, State of Colorado, by and through the Board of County Commissioners of Weld County,
and Principal Life Insurance Company be, and hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized
to sign said amendment.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 22nd day of March, A.D., 2000.
BOARD OF COUNTY COMMISSIONERS
W LD COUNTY, COLO DO
ATTEST: 4.41 ►
lnst �' ...q�► Barbar . Kirkmeyer, hair
Weld County Clerk tot i Bt a O ? --J
i «, 4 : M. Celle, Pro-Tem
BY:
Deputy Clerk to the Boar.
fGeorgetE. Baxter
APPROVED AS TO- M: EXCUSED
y-- Dale K. Hall
2-2-
Co4nty4ttorne) L��GtUI
Glenn Vaad
2000-0677
PE0016
Pc Pc
GROUP CONTRACT NO. GA 66947 AMENDMENT NO. I
We,Us,Our means Principal Life Insurance Company
Contractholder means WELD COUNTY
It is mutually agreed by the undersigned that this Group Contract,issued by us to the Contractholder,is amended as
provided below:
Effective November 30, 1999,
by striking the following:
All existing separate account riders currently effective on this contract
Schedule: 1
and by substituting the following:
Schedule: 2
by adding the following:
Rider: GP R 45897
Rider: GP R 40119-2
The provisions and conditions set forth on any page of this amendment are a part of this Group Contract as fully as if
recited over the signatures on this page.
This amendment will not become effective unless we receive a copy signed by the Contractholder at our home office in
Des Moines,Iowa,within 30 days following the date we sign it or within such longer period as we may allow.
Signed for us on by
Vice President and Chairman and
Corporate Secretary Chief Executive Officer
Registrar
Signed for Contractholder by
��_Pti _. 1)14 I t t aA i!1/e I I Cu 3" 22 00
Name Title D to
Barbara J. Kirkmeyer ('en i Mica c t vyt e,i?S
(Contract# 66947 Amend # 1) I Principal
Financial
Group
2000-0677
SCHEDULE OF SPECIFICATIONS GA 66947
This schedule is a part of the contract to which it is attached. Terms defined in the contract have
the same meaning where used in this schedule.
This is Schedule number 2 , effective November 30, 1999. It replaces all previous
Schedules.
Plan Name: WELD COUNTY 401(K) SAVINGS PLAN
Deposit Year: The initial Deposit Year begins on the Contract Date and ends on December
31, 1985. Subsequent Deposit Years begin on January 1 and the same day of each following
year.
Investment Options available:
Guaranteed Interest Investments
Separate Account Investments (elected by you)
Bond and Mortgage Separate Account Medium Company Growth Separate Account
Bond Emphasis Balanced Separate Account Medium Company Value Separate Account
Government Securities Separate Account Money Market Separate Account
International Emerging Markets Separate Account Real Estate Separate Account
International Small Company Separate Account Small Company Blend Separate Account
International Stock Separate Account Small Company Growth Separate Account
Large Company Blend Separate Account Small Company Value Separate Account
Large Company Growth Separate Account Stock Emphasis Balanced Separate Account
Large Company Value Separate Account Stock Index 500 Separate Account
Medium Company Blend Separate Account U.S. Stock Separate Account
Mid Cap Stock Index Separate Account Small Cap Stock Index Separate Account
Total Market Stock Index Separate Account Partners Large-Cap Growth Separate Account
Partners Mid-Cap Growth Separate Account High Quality Long-Term Bond Separate Account
High Quality Short-Term Bond Separate Account High Quality Intermediate-Term Bond Separate
Account
(Continued on next page)
Schedule of Specifications, Page 2 GA 66947
Riders and special attachments:
Separate Account Investment Rider
Removal of Dividend Rider
Flexible Investment Annuity Endorsement Rider
Separate Account Investment Rider for Investment in Nonproprietary Funds
Colorado Guaranty Association Notice
Notations:
(Signatures are not required for the original Schedule 1 issued with the Contract)
/ Contracthold r Name ✓/ Registrar
CI1A act 73cl. We Id i nom intssivft S
Title Date
3�l Z-7D o
Date
SEPARATE ACCOUNT INVESTMENT RIDER
This rider is added to the Group Annuity Contract issued by us of which it is a part. All terms
defined in the contract have the same meaning where used in this rider. The effective date of this
rider is the latest of(i)the Contract Date, (ii)the date this rider has been approved for use in die state
of issue, or(iii) the date stated in the amendment adding this rider to the contract.
The purpose of this rider is to allow the contract to participate in our Separate Accounts. We reserve
the right to limit both the number of Separate Accounts available under the contract and the number
available to each Member. The following Separate Accounts may be available under this contract:
Bond and Mortgage Separate Account
Bond Emphasis Balanced Separate Account
Government Securities Separate Account
High Quality Intermediate-Term Bond Separate Account
High Quality Long-Term Bond Separate Account
High Quality Short-Term Bond Separate Account
International Emerging Markets Separate Account
International Small Company Separate Account
International Stock Separate Account
Large Cap Stock Index Separate Account (aka Stock Index 500)
Large Company Blend Separate Account
Large Company Growth Separate Account
Large Company Value Separate Account
Medium Company Blend Separate Account
Medium Company Growth Separate Account
Medium Company Value Separate Account
Mid Cap Stock Index Separate Account
Money Market Separate Account
Partners Large-Cap Growth Separate Account
Partners Mid-Cap Growth Separate Account
Real Estate Separate Account
Small Cap Stock Index Separate Account
Small Company Blend Separate Account
Small Company Growth Separate Account
Small Company Value Separate Account
Stock Emphasis Balanced Separate Account
Total Market Stock Index Separate Account
U.S. Stock Separate Account
GPR 40119-2 1 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
Although all Separate Accounts listed above may be available under this contract, you may send us
Notification indicating you want the contract administered so that assets held under this contract will
not participate in one or more of these Separate Accounts. You may revoke your Notification by
sending us a new Notification.
A. DESCRIPTIONS OF THE SEPARATE ACCOUNTS. Each Separate Account
is a pooled Separate Account for use by our retirement plan customers. The funds held in
each Separate Account will be invested and reinvested by us in accordance with applicable
law, without regard to any investment requirements of our general account assets or of any
of our other Separate Accounts.
A Separate Account consists of funds we receive under group annuity contracts or policies
which permit deposit in such Separate Account and under which amounts are directed to
such Separate Account. All income gains and losses (whether or not realized), and expenses
from the assets allocated to a Separate Account will be credited to or charged against that
Separate Account without regard to any other income, gains or losses, or expenses we might
have for our general account or any other Separate Account. The assets of a Separate
Account will not be charged with any liabilities arising out of the investment experience of
our general account or any other Separate Accounts outside that Separate Account. We may
occasionally invest the assets of any Separate Account in short term money market
instruments, cash or cash equivalents.
Bond and Mortgage Separate Account. Bond and Mortgage Separate Account is invested
primarily in bond and mortgage-type investments similar to our general account, including
bonds and mortgages from both United States and non-United States corporations.
Bond Emphasis Balanced Separate Account. Bond Emphasis Balanced Separate Account
is invested in other Separate Accounts established and maintained by us. The majority of
the assets will be invested in other Separate Accounts which are invested primarily in bonds,
mortgages, commercial paper and other fixed income type investments. The remainder of
the assets of this Separate Account will be invested in one or more of our Separate Accounts
invested primarily in common stocks and other equity investments.
Government Securities Separate Account. Government Securities Separate Account is
invested primarily in obligations issued or guaranteed by United States governmental
agencies and instrumentalities, including, but not limited to, the Government National
Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan
Mortgage Association and the Student Loan Marketing Association.
GPR 40119-2 2 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
High Quality Intermediate-Term Bond Separate Account. High Quality Intermediate-
Term Bond Separate Account is a pooled investment account invested primarily in high
quality, publicly traded bonds (mainly corporates), Treasury notes and bonds, and
government agency bonds. The investments may also include such other foreign bond
investments as are generally considered appropriate for a high quality bond account. Such
holdings shall be predominantly denominated in U.S. dollars. In addition, some funds may
be invested in derivative instruments such as options and futures. The fixed income
investments in the account typically have maturities of five to ten years.
High Quality Long-Term Bond Separate Account. High Quality Long-Term Bond
Separate Account is a pooled investment account invested primarily in high quality, publicly
traded bonds(mainly corporates), Treasury notes and bonds, and government agency bonds.
The investments may also include such other foreign bond investments as are generally
considered appropriate for a high quality bond account. Such holdings shall be
predominantly denominated in U.S. dollars. In addition, some funds may be invested in
derivative instruments such as options and futures. The fixed income investments in the
account typically have maturities of ten years or longer.
High Quality Short-Term Bond Separate Account. High Quality Short-Term Bond
Separate Account is a pooled investment account invested primarily in high quality,publicly
traded bonds(mainly corporates),Treasury notes and bonds, and government agency bonds.
The investments may also include such other foreign bond investments as are generally
considered appropriate for a high quality bond account. Such holdings shall be
predominantly denominated in U.S. dollars. In addition, some funds may be invested in
derivative instruments such as options and futures. The fixed income investments in the
account typically have maturities of less than five years.
International Emerging Markets Separate Account. International Emerging Markets
Separate Account is invested primarily in common stocks of corporations located in
countries outside the United States where structural changes are causing rapid economic
growth and improved standards of living. These investments may be made in either United
States or foreign currency or equivalencies.
International Small Company Separate Account. International Small Company Separate
Account is invested primarily in stocks or other securities of small corporations located
outside the United States. These investments may be made in either United States or foreign
currency or equivalencies.
International Stock Separate Account. International Stock Separate Account is invested
primarily in a broad base of stocks or other securities of corporations located outside the
United States, but especially in Europe, South America, and the Pacific rim. These
investments will be made in foreign currency or equivalencies but investments in U.S.
dollars arc also allowed.
GPR 40119-2 3 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
Large Cap Stock Index Separate Account(aka Stock Index 500). Large Cap Stock Index
Separate Account is invested primarily in stocks and securities of companies similar to those
stocks which are used to calculate the Standard and Poor's 500 Stock Index (or a similar
stock index if the Standard and Poor's 500 Stock Index is no longer calculated). The
investments may also include a reasonable amount of stock index futures,commercial paper,
derivative securities and other types of investments. In addition, some funds may be invested
in stock index accounts operated by other investment managers, including funds operated by
affiliates of ours. Large Cap Stock Index Separate Account attempts to earn a return similar
to that of the Standard & Poor's 500 Stock Index.
Large Company Blend Separate Account. Large Company Blend Separate Account is
invested primarily in common stocks from large,established companies whose stock exhibits
a combination of substantial value and good earnings growth potential. The investments
may also include derivative instruments such as options and futures, other equity securities,
or other convertible securities that may be converted to common stocks.
Large Company Growth Separate Account. Large Company Growth Separate Account
is invested primarily in common stocks from large, established companies whose earnings
are expected to grow at above-average rates. The investments may also include derivative
instruments such as options and futures, other equity securities, or other convertible
securities that may be converted to common stocks.
Large Company Value Separate Account. Large Company Value Separate Account is
invested primarily in common stocks from large, established companies with below-average
price/earnings ratios and above-average dividend yields which we view as undervalued by
the market. The investments may also include derivative instruments such as options and
futures, other equity securities or other convertible securities that may be converted to
common stocks. If the market as a whole is overvalued, we may hold assets of this account
in fixed income securities instead of stocks.
Medium Company Blend Separate Account. Medium Company Blend Separate Account
is invested primarily in common stocks from medium-sized, established companies whose
stock exhibits a combination of substantial value and good earnings growth potential. The
investments may also include derivative instruments such as options and futures, other equity
securities, or other convertible securities that may be converted to common stocks.
Medium Company Growth Separate Account. Medium Company Growth Separate
Account is invested primarily in common stocks from medium-sized, developing companies
whose earnings are expected to grow at above average rates. The investments may also
include derivative instruments such as options and futures, other equity securities, or other
convertible securities that may be converted to common stocks.
GPR 40119-2 4 For use w/ RA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
Medium Company Value Separate Account. Medium Company Value Separate Account
is invested primarily in common stocks from medium-sized, financially stable companies
with below-average price/earnings ratios and above-average dividend yields which we view
as undervalued by the market. The investments may also include derivative instruments such
as options and futures, other equity securities or other convertible securities that may be
converted to common stocks. If the market as a whole is overvalued,we may hold assets of
this account in fixed income securities instead of stocks.
Mid Cap Stock Index Separate Account. Mid Cap Stock Index Separate Account is
invested primarily in stocks and securities of companies similar to those stocks which are
used to calculate the Standard and Poor's 400 MidCap Stock Index (or a similar stock index
if the Standard and Poor's 400 MidCap Stock Index is no longer calculated). The
investments may also include a reasonable amount of stock index futures,commercial paper,
derivative securities and other types of investments. In addition,some funds may be invested
in stock index accounts operated by other investment managers, including funds operated by
affiliates of ours. Mid Cap Stock Index Separate Account attempts to earn a return similar
to that of the Standard & Poor's 400 MidCap Stock Index.
Money Market Separate Account. Money Market Separate Account is invested primarily
in money market instruments such as the obligations of the United States government and
its agencies, commercial paper, bank certificates of deposit and similar instruments.
Partners Large-Cap Growth Separate Account: The Partners Large-Cap Growth Separate
Account uses an active and aggressive style of management to invest primarily in common
stocks of larger, established companies. The investments may also include derivative
instruments such as options and futures, other equity securities, or other convertible
securities that may be converted to common stocks.
Partners Mid-Cap Growth Separate Account: The Partners Mid-Cap Growth Separate
Account uses an active and aggressive style of management to invest primarily in common
stocks of medium sized companies. The investments may also include derivative
instruments such as options and futures, other equity securities, or other convertible
securities that may be converted to common stocks.
Real Estate Separate Account. Real Estate Separate Account is invested primarily in real
estate such as office buildings, industrial buildings, shopping centers, retail stores and similar
property.
GPR 40119-2 5 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
Small Cap Stock Index Separate Account. Small Cap Stock Index Separate Account is
invested primarily in stocks and securities of companies similar to those stocks which are
used to calculate the Standard and Poor's 600 SmallCap Stock Index (or a similar stock
index if the Standard and Poor's 600 SmallCap Stock Index is no longer calculated). The
investments may also include a reasonable amount of stock index futures,commercial paper,
derivative securities and other types of investments. In addition,some funds may be invested
in stock index accounts operated by other investment managers, including funds operated by
affiliates of ours. Small Cap Stock Index Separate Account attempts to earn a return similar
to that of the Standard & Poor's 600 SmallCap Stock Index.
Small Company Blend Separate Account. Small Company Blend Separate Account is
invested primarily in common stocks from smaller, established companies whose stock
exhibits a combination of substantial value and good earnings growth potential. The
investments may also include derivative instruments such as options and futures, other equity
securities, or other convertible securities that may be converted to common stocks.
Small Company Growth Separate Account. Small Company Growth Separate Account
is invested primarily in common stocks from smaller, developing companies whose earnings
are expected to grow at above average rates. The investments may also include derivative
instruments such as options and futures, other equity securities, or other convertible
securities that may be converted to common stocks.
Small Company Value Separate Account. Small Company Value Separate Account is
invested primarily in common stocks from smaller, financially stable companies with below-
average price/earnings ratios and above-average dividend yields which we view as
undervalued by the market. The investments may also include derivative instruments such
as options and futures, other equity securities or other convertible securities that may be
converted to common stocks. If the market as a whole is overvalued, we may hold assets of
this account in fixed income securities instead of stocks.
Stock Emphasis Balanced Separate Account. Stock Emphasis Balanced Separate Account
is invested in other Separate Accounts established and maintained by us. The majority of
the assets will be invested in other Separate Accounts which are invested primarily in
common stocks and other equity investments. The remainder of the assets of this Separate
Account will be invested in one or more of our Separate Accounts invested primarily in
bonds, mortgages, commercial paper and other fixed income type investments.
GPR 40119-2 6 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
Total Market Stock Index Separate Account. Total Market Stock Index Separate Account
is invested in a manner calculated to give a result similar to the Standard and Poor's 1500
Supercomposite Stock Index (or a similar stock index if the Standard and Poor's 1500
Supercomposite Stock Index is no longer calculated). Initially, this Account will be invested
in the other Stock Index Separate Accounts we offer. If we choose, the Account may also
be invested in stocks or securities, stock index futures, commercial paper, mutual funds or
other funds managed by other investment managers, and other types of investments as
permitted under applicable state law.
U.S. Stock Separate Account. U.S. Stock Separate Account is primarily invested in
common stocks of United States companies. The investments may also include derivative
instruments such as options and futures,other equity securities or other convertible securities
that may be converted to common stocks. The U.S. Stock Separate Account is managed by
looking for shifts in the economy, industries that stand to benefit from those shifts, and
companies in those industries that are undervalued by the market.
B. DETERMINING SEPARATE ACCOUNT VALUES; OPERATING
EXPENSES. The value of a Separate Account is its market value(appraised market value
for Real Estate Separate Account) less Operating Expenses accrued but not deducted, if any.
If there is no readily available market, its value is the fair market value of the assets held in
such Separate Account as determined by us using generally accepted accounting practices
and applicable law. The value of all Separate Accounts will always be expressed in U.S.
dollars. We will determine the value of a Separate Account on each Valuation Date.
Operating Expenses are those charges which must be paid in order to operate a Separate
Account or obtain investments for a Separate Account. Operating Expenses include, but are
not limited to, custodial fees, transfer taxes, brokerage fees, processing fees, and other taxes
and fees associated with the operation of a Separate Account. Operating expenses will be
deducted from the Separate Account associated with a particular charge on the next
Valuation Date after the Operating Expenses have been paid or are immediately payable. In
accordance with our then-current procedures, various Separate Accounts may share in the
payment of certain Operating Expenses and, in some cases, we may use certain fees paid to
us by third parties to offset Operating Expenses incurred by a Separate Account which would
otherwise be payable from that Separate Account.
Valuation Date means the date we determine the value of a Separate Account. Valuation
Dates will occur on dates we determine, but at least on the last Business Day of a calendar
month. Valuation will occur at the end of each such day, according to our then-current
procedures. For purposes of the International Stock Separate Account, International Small
Company Separate Account, and International Emerging Markets Separate Account, only
those days on which both the value of the underlying investments is determined and we are
open for business will be Valuation Dates.
C. MANAGEMENT CHARGES. The Management Charge under each Separate
GPR 40119-2 7 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
Account will be a percentage of the value of assets in such Separate Account, subject to the
equivalent of a maximum annual percentage listed in the Table of Separate Account
Features. We reserve the right to change the Management Charge to any charge up to the
maximum limit at any time by giving you written notice at least 30 days before the date the
change is to take effect.
Management Charge means the charge consisting of the investment management charge and
the contract expense charge applicable to this class of contracts for each Separate Account.
The assets of Bond Emphasis Balanced Separate Account, Stock Emphasis Balanced
Separate Account, and Total Market Stock Index Separate Account will pay Management
Charges under our other Separate Accounts in which they are invested. An additional
Management Charge will be charged under these Separate Accounts only for management
services actually performed exclusively for assets held in these Separate Accounts.
A pro rata charge will be deducted from each Separate Account on each Valuation Date for
the number of calendar days within the Valuation Period ending on such Valuation Date.
Valuation Period means the period from the end of a Valuation Date to the end of the next
following Valuation Date.
D. SEPARATE ACCOUNT INVESTMENT. A Separate Account Investment is
established for each Member for a Separate Account for each type of Contribution a Member
directs to such Separate Account.
Where Money Market Separate Account is available and we receive Notification from you
to do so, an Unallocated Separate Account Investment will be established for Contributions
for which either i) we do not have all the necessary information needed to allocate such
Contributions to individual Members, or ii) you have notified us that such Contributions are
to be unallocated. If Money Market Separate Account is not available, an Unallocated
Contribution Investment will be established, using a Guaranteed Interest Investment with the
shortest Guarantee Period available.
Unallocated Separate Account Investment means the Investment established to hold
unallocated Contributions, invested in Money Market Separate Account, if available, and
operates as if it were a Member's Investment. However, by mutual agreement, you may
specify one or more other Separate Accounts to use in addition to or in place of Money
Market Separate Account.
GPR 40119-2 8 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
E. RETURNS CREDITED TO SEPARATE ACCOUNT INVESTMENTS.
Each Separate Account Investment established under this contract will be credited with its
portion of the return associated with the appropriate Separate Account. The return for a
Separate Account will be based on the change in value of that Separate Account less any
Management Charge.
In order to track the returns for the Separate Account Investments established under this
contract,we will use a unit value system of recordkeeping, unless we determine that another
recordkeeping system would be more appropriate.
F. UNIT VALUE SYSTEM OF RECORDKEEPING. Under a unit value system
of recordkeeping, we will calculate the value of a Separate Account Investment for each
Valuation Date by multiplying the number of Separate Account units held in the Separate
Account Investment by the applicable Unit Value. A Unit Value is the dollar value for one
unit.
Contributions or transfers to a Separate Account Investment increase the number of Separate
Account units credited to it. Transfers and payments from a Separate Account Investment
reduce the number of Separate Account units. The increase or decrease in the number of
Separate Account units is calculated by dividing the dollar amount of the contribution,
transfer, or payment by the applicable Unit Value.
We will calculate the Unit Value applicable to each Separate Account Investment on each
Valuation Date. The Unit Value will be based upon the total value of the Separate Account
and the number of existing Separate Account units.
When crediting Contributions and transfers added to a Separate Account Investment we will
use the Unit Value applicable to the Separate Account Investment for the Valuation Date on
which we accept the Contribution or transfer. If we accept the Contribution or transfer on
a date other than a Valuation Date, we will use the Unit Value for the next following
Valuation Date.
We reserve the right to change our unit value recordkeeping system upon 30 days notice to
you.
GPR 40119-2 9 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
G. DEPOSITS TO SEPARATE ACCOUNTS; RESTRICTIONS AND
ORDER OF ENTRY. We reserve the right to defer or stop your ability to direct
Contributions and transfers to a Separate Account, and we may require you to transfer
existing account balances out of a Separate Account. We may exercise these rights if we
1. need to comply with regulation, statute, or decisional law to which we are subject,
2. believe it would be imprudent not to do so in fulfilling our fiduciary role as an
investment advisor under ERISA,
3. believe the investment approach of the Separate Account no longer makes sense, is
excessively expensive, or does not currently have any favorable investment
opportunities available, or
4. decide to discontinue operation of such Separate Account.
Contributions or transfers directed to a Separate Account that we have closed on a temporary
or permanent basis will be directed to Money Market Separate Account, if available, or to
the Guaranteed Interest Investment with the shortest Guarantee Period available under the
contract. If the Separate Account has been closed on a temporary basis, we will treat a
Contribution or transfer request as a Notification that money should be transferred to the
closed Separate Account as soon as permitted under the terms of the contract.
Provisions for a temporarily closed Separate Account. We have established the following
order of entry into a Separate Account that was temporarily closed, then reopened:
1. All amounts held in Money Market Separate Account waiting for transfer to the
Separate Account.
2. Any amounts held in any other Separate Account or in our general account which arc
to be transferred to the Separate Account.
Within each of the above 2 categories, funds will be transferred one customer at a time, in
order from the oldest waiting Notification to the newest Notification.
Normally, if the amount of the intended transfer is greater than the amount open for
acceptance by a previously closed Separate Account, the entire amount of the transfer will
continue to be held in the account it was at the time of the request until the Valuation Date
when complete transfer may be made. However, we and you (the Member, if permitted by
the Plan) may mutually agree to transfer only a portion of the intended amount to the
Separate Account.
We will notify you in writing when amounts have been transferred to a reopened Separate
GPR 40119-2 10 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
Account.
You or a Member, as permitted by the Plan, may revoke a request for transfer of funds to a
Separate Account by giving us Notification before the date transfer is made. The
Notification must also include new investment directions for the intended transfer.
Provisions for a permanently closed Separate Account. We will notify you in writing of
our intent to permanently close a Separate Account. You will have 60 days to request
transfer as described in H. below. If after 60 days we have not received Notification of
where to transfer a closed Separate Account balance, we will treat the account as a
Contribution for which we do not have investment direction.
H. TRANSFERS AND PAYMENTS FROM A SEPARATE ACCOUNT
INVESTMENT. We will, upon Notification from you(the Member if permitted by the
Plan), and subject to our right to defer a transfer or payment as described in Section I,
1. transfer to the Member's Guaranteed Interest Investment or another Separate Account
Investment all or any portion of the Separate Account Investment specified, or
2. transfer to another Funding Agent all or any portion of the Member's Separate
Account Investment, or
3. pay the Member an amount equal to all or any portion of the Member's Separate
Account Investment.
The amount to be paid or transferred will be determined and paid or transferred within seven
Business Days after (i) the Valuation Date on which we receive the Notification, or (ii) a
later Valuation Date specified in the Notification. Payments and transfers will be made in
accordance with our then-current procedures. We will notify you in writing of these
procedures. The amount transferred or paid will be deducted from the Separate Account
Investment from which such transfer or payment was requested on the date of such transfer
or payment. Each transfer to another Separate Account Investment may occur only on a
Valuation Date of that Separate Account.
We are not responsible for the application of amounts transferred to another Funding Agent.
LIMITATIONS ON TRANSFERS AND PAYMENTS FROM A
SEPARATE ACCOUNT INVESTMENT. In general, transfers and payments from
a Separate Account Investment will be made within seven Business Days after the first
Valuation Date following the request specified in Section H of this rider. We reserve the
right, however, to defer such transfers or payments up to the maximum number of days
shown in the Table of Separate Account Features for each Separate Account. If we defer any
transfer or payment under this Section, we will determine the amount to be transferred or
paid on the date transfer or payment occurs. We will notify you in the event of any
GPR 40119-2 11 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
deferment of more than 30 days under the provisions of this Section.
These limitations will not apply to the payments to the beneficiary of a Member due to the
Member's death, payments to a Member due to disability or retirement under the Plan and
to purchases of annuity under Article IV, Section 2 of the contract.
Special Real Estate Limitations. Because of the illiquid nature of the assets in which Real
Estate Separate Account is invested, we reserve the right to defer transfers or payments from
a Real Estate Separate Account Investment if a transfer or payment would exceed the amount
of cash and other liquid assets held in Real Estate Separate Account, reduced by amounts
committed to purchase properties or needed for Operating Expenses. We will not defer
requested transfers or payments for longer than three years under this paragraph. For any
Plan that allows Members to direct some or all of their investments to the Real Estate
Separate Account and for which we keep records, we will notify all Members in the event
of any deferment of more than 45 days of a type described under this paragraph which arises
under any of our contracts having access to the Real Estate Separate Account. Our notice
to those Members will be in writing and will explain the investment and transfer options
available to the Members.
Real Estate Separate Account may be illiquid for indefinite periods of time. We will not
manage Real Estate Separate Account to provide a liquidity pool for requests for transfer or
payment. If requests for transfer or payment from Real Estate Separate Account are deferred,
then the deferred transfers or payments, when made, will be made in the following order:
1. Any death benefits payable under a defined contribution plan.
2. All or a portion of each of the other requests for payment, determined as follows:
a. the amount of the request, divided by
b. the amount of all waiting requests, multiplied by
c. the amount we determine to be available to pay requests; provided, however,
that no more than the amount of the request shall be paid out.
Deferred transfers or payments, when paid, will be made as of a Valuation Date and will be
based on the Real Estate Separate Account Unit Value as of the date paid. In determining
the amount available to pay requests, we will subtract amounts payable under any other
group annuity contract which requires that we make payments from the Real Estate Separate
Account using a method other than the one described in this Section.
We reserve the right to make payments in a different manner than described in this Section
if we (i) are required to do so under applicable statutes, regulations, or decisional law to
which we are subject. (ii) must do so to comply with our fiduciary responsibilities as an
GPR 40119-2 12 For use w/ PIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
ERISA investment manager as described in Article II, Section 8, or(iii) deem it necessary
to make a change to maintain an equitable distribution of assets under all of our group
annuity contracts. We will not implement a change under item (iii) before the notice to all
affected Contractholders is provided and the appropriate time period after the notice has
elapsed.
Special Limitation for Certain Separate Accounts. We reserve the right to make the
portion of a requested transfer in excess of the specified dollar limit in substantially equal
monthly installments over a period not to exceed the specified period, if, in the specified
period which ends on the requested date of transfer, all transfers and payments from the total
of all Separate Account Investments invested in a particular Separate Account which is
subject to the dollar limit total the specified dollar limit or more. For purposes of this
limitation, transfers and payments from any other Separate Account investments or funds
included in the Separate Account from any other contracts or policies issued in connection
with the Plan or with any other retirement plan of the Employer will be included as a transfer
or payment from a Separate Account Investment. If this limitation is imposed by us, the first
installment will be made one month after the date of request, or on such later date that you
specify. The specified dollar limit and period are:
1. $1,000,000 and 12 months, respectively, for International Small Company Separate
Account, and International Emerging Markets Separate Account.
2. $20,000,000 and 36 months, respectively, for Bond Emphasis Balanced Separate
Account, Government Securities Separate Account,High Quality Intermediate-Term
Bond Separate Account, High Quality Long-Term Bond Separate Account, High
Quality Short-Term Bond Separate Account, International Stock Separate Account,
Large Company Blend Separate Account, Large Cap Stock Index Separate Account,
Large Company Growth Separate Account, Large Company Value Separate Account,
Medium Company Blend Separate Account, Medium Company Growth Separate
Account, Medium Company Value Separate Account, Mid Cap Stock Index Separate
Account, Partners Large-Cap Growth Separate Account, Partners Mid-Cap Growth
Separate Account, Small Cap Stock Index Separate Account, Small Company Blend
Separate Account, Small Company Growth Separate Account, Small Company Value
Separate Account, Stock Emphasis Balanced Separate Account, Total Market Stock
Index Separate Account, and U.S. Stock Separate Account.
J. PLANS WHICH MAY INVEST IN THE SEPARATE ACCOUNTS. The
Separate Accounts are not registered with the Federal Securities and Exchange Commission
and therefore only Plans which meet certain requirements under the Code may invest in the
Separate Accounts. If the Internal Revenue Service or a court makes a final determination
that the Plan no longer qualifies as a qualified plan, we will require that you transfer any
assets invested in the Separate Accounts. If we decide that you must transfer assets from the
Separate Accounts, we will send you a notice describing your options. Your Notification
must clearly specify the Guaranteed Interest Investment(s) or the Funding Agent to which
GPR 40119-2 13 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
you want the assets transferred. If we do not receive an acceptable Notification from you
within 5 Business Days, we will transfer the assets to the Guaranteed Interest Investment
with the shortest duration.
K. FUNDS. We are the sole owner of all assets held in the Separate Accounts.
PRINCIPAL LIFE INSURANCE COMPANY
Chairman and
Chief Executive Officer
GPR 40119-2 14 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
TABLE OF SEPARATE ACCOUNT FEATURES
Current Annual Maximum Maximum Number
Management Annual of Days Allowed to
Charge Management Defer Transfers or
Percentage Charge Payments
Percentage
Bond Emphasis
Balanced Separate None 2.00' 270
Account
Bond and Mortgage
Separate Account 0.45 2.00 270
Government Securities
Separate Account 0.45 2.00 90
High Quality
Intermediate-Term
Bond Separate 0.45 2.00 270
Account
High Quality Long-
Term Bond Separate 2.00 270
Account 0.45
High Quality Short-
Term Bond Separate 0.45 2.00 270
Account
International Emerging
Markets Separate 0.69 2.00 270
Account
International Sinai!
Company Separate 0.69 2.00 270
Account
International Stock
Separate Account 0.69 2.00 270
Large Cap Stock Index
Separate Account 0.35 2.00 270
Large Company Blend -
Separate Account 0.45 2.00 270
Large Company
Growth Separate 0.45 2.00 270
Account
Large Company Value
Separate Account 0.45 2.00 270
GPR 40119-2 15 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
Current Annual Maximum Maximum Number
Management Annual of Days Allowed to
Charge Management Defer Transfers or
Percentage Charge Payments
Percentage
Medium Company
Blend Separate 0.45 2.00 270
Account
Medium Company
Growth Separate 0.45 2.00 270
Account
Medium Company
Value Separate 0.45 2.00 270
Account
Mid Cap Stock Index
Separate Account 0.35 2.00 270
Money Market
Separate Account 0.45 2.00 90
Partners Large-Cap -
Growth Separate 1.00 2.00 270
Account
Partners Mid-Cap
Growth Separate I.00 2.00 270
Account
Real Estate Separate
Account 1.05 None Indefinite
Small Cap Stock Index —
Separate Account 0.35 2.00 270
Small Company Blend
Separate Account 0.45 2.00 270
Small Company
Growth Separate 0.45 2.00 270
Account
Small Company Value -
Separate Account - 0.45 2.00 270
Stock Emphasis `
Balanced Separate None 2.00' 270
Account
Total Market Stock
Index Separate 0.35' 2.00 270
Account
i
GPR 40119-2 16 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
Current Annual Maximum Maximum Number
Management Annual of Days Allowed to
Charge Management Defer Transfers or
Percentage Charge Payments
Percentage
U.S. Stock Separate
Account 0.45 2.00 270
The maximum annual Management Charge percentage includes Management Charges paid
under this Separate Account (currently none) and the Separate Accounts in which this
Separate Account is invested.
2 There will be no Management Charge under this Separate Account unless no Management
Charge is being charged by the underlying assets. Then the Management Charge is as
shown.
GPR 40119-2 17 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3(10/99)
SEPARATE ACCOUNT INVESTMENT RIDER
FOR INVESTMENT IN NONPROPRIETARY FUNDS
This rider is added to the Group Annuity Contract issued by us of which it is a part. All terms
defined in the contract have the same meaning where used in this rider. The effective date of this
rider is the latest of(i) the Contract Date, (ii)the date this rider has been approved for use in the state
of issue, or(iii) the date stated in the amendment adding this rider to the contract.
The purpose of this rider is to allow the contract to participate in our Separate Accounts which invest
in nonproprietary Mutual Funds and other authorized investments. We reserve the tight to limit both
the number of Separate Accounts available under the contract and the number available to each
Member.
Although all Separate Accounts listed in Schedule A may be available under this contract, you may
send us Notification indicating you want the contract administered so that money held under this
contract will not participate in one or more of these Separate Accounts. You may revoke your
Notification by sending us a new Notification.
A. DEFINITIONS.
Management Charge means the charge consisting of the investment management charge and
the contract expense charge applicable to this class of contracts for each Separate Account,
less any expense credits. The Management Charge will be shown in the Table of Separate
Account Features of this rider.
Mutual Fund means any diversified, open-end management investment company registered
under The Investment Company Act of 1940 which is the underlying investment of the
Separate Account which is made available by Principal Life Insurance Company. as listed
in Schedule A.
Within this rider, Mutual Fund shall also mean a portfolio established within a particular
Mutual Fund as described in the prospectus for that Mutual Fund, as such prospectus may
be amended or supplemented from time to time.
We reserve the right, subject to compliance with applicable law, to make additions to,
deletions from, substitution for, or combinations of, the Mutual Funds listed in Schedule A.
Net Asset Value (NAVJ means the price per share represented as a dollar amount.
Separate Account(s) means each Separate Account established under this rider, which is
maintained by us, made available to you by us, and identified in Schedule A of this rider.
GPR 45897 I For use w/ FR-F: GP A 5913-2
& FIA-S GP A 5914-3 (12/98)
Each Separate Account is a pooled Separate Account for use by our retirement plan
customers. The amounts held in each Separate Account will be invested and reinvested in
accordance with applicable law. Amounts credited to any Separate Account identified in
Schedule A of this rider shall be invested in the shares of the corresponding Mutual Fund.
We reserve the right, subject to compliance with applicable law, to make additions to,
deletions from, substitution for,or combinations of,the Separate Accounts listed in Schedule
A.
Valuation Date means the date we determine the value of a Separate Account. Valuation
Dates will occur on dates we determine, but at least on the last Business Day,of a calendar
month. Valuation will occur at the end of each such day, according to our then-current
procedures.
Valuation Period means the period from the end of a Valuation Date to the end of the next
Valuation Date.
B. DETERMINING SEPARATE ACCOUNT VALUES. The value of a Separate
Account is its market value of the shares invested in the Mutual Fund multiplied by the
Mutual Fund's NAV for that Valuation Date. The value of all Separate Accounts will always
be expressed in U.S. dollars. We will determine the value of a Separate Account on each
Valuation Date.
C. MANAGEMENT CHARGES. The Management Charge under each Separate
Account will be a percentage of the value of the amounts in such Separate Account, subject
to the equivalent of the maximum annual percentage listed in the Table of Separate Account
Features of this rider. We reserve the right to change the Management Charge to any charge
up to the maximum limit at any time by giving you written notice at least 30 days before the
date the change is to take effect. The Mutual Fund's management charges are separate from
the Management Charges of the Separate Accounts and can be found in the prospectus for
the corresponding Mutual Fund.
The Management Charge will be deducted pro-rata from each Separate Account on each
Valuation Date for the number of calendar days within the Valuation Period ending on such
Valuation Date.
D. SEPARATE ACCOUNT INVESTMENT. A Separate Account Investment is
established for each Member for each Separate Account to which the member directs
Contributions.
E. RETURNS CREDITED TO SEPARATE ACCOUNT INVESTMENTS.
Each Separate Account Investment established under this contract will be credited with its
portion of the return associated with the appropriate Separate Account. The return for a
GPR 45897 2 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3 (12/98)
Separate Account will be based on the change in value of that Separate Account less any
Management Charge.
In order to track the returns for the Separate Account Investments established under this
contract, we will use a unit value system of recordkeeping, unless we determine that another
recordkeeping system would be more appropriate.
F. UNIT VALUE SYSTEM OF RECORDKEEPING. Under a unit value system
of recordkeeping, we will calculate a unit value for each Separate Account on each Valuation
Date. To calculate the unit value, we first determine the market value of the Separate
Account as described in Section B. of this rider. Then, we will calculate the Management
Charge as described in Section C. of this rider. Finally, we will calculate the unit value by
dividing the market value of the Separate Account less any Management Charge by the units
held in the Separate Account.
We will calculate the unit value applicable to each Separate Account Investment on each
Valuation Date. The unit value will be based upon the total value of the Separate Account
and the number of existing Separate Account units.
Contributions or transfers to a Separate Account Investment increase the number of Separate
Account units credited to it. Transfers and payments from a Separate Account Investment
reduce the number of Separate Account units. The increase or decrease in the number of
Separate Account units is calculated by dividing the dollar amount of the contribution,
transfer, or payment by the applicable unit value.
When crediting Contributions and transfers to a Separate Account Investment we will use
the unit value applicable to the Separate Account Investment for the Valuation Date on
which we accept the Contribution or transfer.
A Contribution is considered accepted on the date we receive both the money and all the
information necessary and in good form to allocate and credit the Contribution.
G. DEPOSITS TO SEPARATE ACCOUNTS; RESTRICTIONS AND
ORDER OF ENTRY. We reserve the right to temporarily or permanently close a
Separate Account; thereby we can defer or stop your ability to direct Contributions and
transfers to a Separate Account. We reserve the right to require you to transfer existing
account balances out of a Separate Account which has been temporarily or permanently
closed.
We may exercise these rights due to a particular underlying Mutual Fund's provisions.
However, our rights are not limited to such circumstances.
GPR 45897 3 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3 (12/98)
We will notify you in writing of our intent to temporarily or permanently close a Separate
Account. Contributions or transfers directed to a Separate Account that we have closed on
a temporary or permanent basis will be directed to another Separate Account of your choice.
If we require the existing account balances be transferred out of the temporarily or
permanently closed Separate Account,you will have 60 days to request transfer as described
in H. below. If after 60 days we have not received Notification of where to transfer such
Separate Account balance, we will transfer the balance to the Separate Accounts available
under this rider, in equal dollar amounts, or, if no other Separate Accounts are available, we
will direct the balance to the Guaranteed Interest Investment with the shortest Guarantee
Period.
H. TRANSFERS AND PAYMENTS FROM A SEPARATE ACCOUNT
INVESTMENT. We will, upon Notification from you(the Member if permitted by the
Plan), and subject to our right to defer a transfer or payment as described in Section J. of this
rider,
1. transfer to the Member's Guaranteed Interest Investment or any Separate Account
Investment available under the contract all or any portion of the Separate Account
•
Investment specified. or
2. transfer to another Funding Agent all or any portion of the Member's Separate
Account Investment specified, or
3. pay the Member an amount equal to all or any portion of the Member's Separate
Account Investment specified.
The amount to be paid or transferred will be determined and paid or transferred within seven
Business Days after(i) the Valuation Date on which we receive the Notification, or(ii) a later
Valuation Date specified in the Notification. Payments and transfers will be made in
accordance with our then-current procedures. We will notify you in writing of these
procedures. The amount transferred or paid will be deducted from the Separate Account
Investment from which such transfer or payment was requested on the date of such trans ter
or payment. Each transfer to another Separate Account Investment may occur only on a
Valuation Date of that Separate Account.
We arc not responsible for the application of amounts transferred to another Funding Agent.
MUTUAL FUND LIMITATION. Without regard to any other feature of the contract
or this rider, if any limitation or delay is imposed by the underlying Mutual Fund we will be
unable to transfer, make payments, or apply amounts held under these Separate Accounts.
GP2 45897 4 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3 (12/98)
J. LIMITATIONS ON TRANSFERS AND PAYMENTS FROM A
SEPARATE ACCOUNT INVESTMENT. In general, transfers and payments from
a Separate Account Investment will be made within seven Business Days after the first
Valuation Date following the request specified in Section H. of this rider. We reserve the
right, however, to defer such transfers or payments up to the maximum number of days
shown in the Table of Separate Account Features of this rider for each Separate Account. If
we defer any transfer or payment under this Section, we will determine the amount to be
transferred or paid on the date transfer or payment occurs. We will notify you in the event
of any deferment of more than 30 days under the provisions of this Section.
These limitations will not apply to the payments to the beneficiary of a Member due to the
Member's death, payments to a Member due to disability or retirement under the Plan and
to purchases of annuity under Article IV, Section 2 of the contract.
Special Limitation for Separate Accounts. We reserve the right to make the portion of a
requested transfer in excess of $20,000,000 in substantially equal monthly installments over
a period not to exceed 36 months, if, in the 36 month period which ends on the requested
date of transfer, all transfers and payments from the total of all Separate Account Investments
invested in a particular Separate Account totals $20,000,000 or more. For purposes of this
limitation, transfers and payments from any other Separate Account investments included in
the Separate Account from any other contracts or policies issued in connection with the Plan
or with any other retirement plan of the Employer will be•included as a transfer or payment
from a Separate Account Investment. If this limitation is imposed by us. the first installment
will be made one month after the date of request, or on such later date that you specify.
K. PLANS WHICH MAY INVEST IN THE SEPARATE ACCOUNTS. The
Separate Accounts are not registered with the Federal Securities and Exchange Commission
and therefore only Plans which meet certain requirements under the Code may invest in the
Separate Accounts. If the Internal Revenue Service or a court makes a final determination
that the Plan no longer meets the requirements of a Qualified Plan, we will require that you
transfer any amounts held in any Separate Accounts. If we decide that you must transfer
amounts out of the Separate Accounts, we will send you a notice describing your options.
Your Notification must clearly specify the Guaranteed Interest Investment(s) or the Funding
Agent to which you want the amounts transferred. If we do not receive an acceptable
Notification from you within five Business Days, we will transfer theses amounts to the
Guaranteed Interest Investment with the shortest duration.
L. FUNDS. We are the sole owner of all amounts held in the Separate Accounts. We may
exercise all owner's rights in regard to all amounts in any Separate Account Investment or
Separate Account, including, but not limited to the following:
1. The right to hold, sell, exchange, convey, or transfer.
GPR 45897 5 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3 (12/98)
2. The right to exercise any conversion privileges, subscription rights, or other options,
and to make any payments incidental thereto.
3. The right to oppose, or to consent to, or otherwise participate in, corporate
reorganizations or other changes affecting corporate securities.
4. The right to foreclose any loan on real estate.
PRINCIPAL LIFE INSURANCE COMPANY
pEluodl 0a/1J-4-n1
Chairman and
Chief Executive Officer
GPR 45897 6 For use w/ FIA-F: GP A 5913-2
& FIA-S GP A 5914-3 (12/98)
TABLE OF SEPARATE ACCOUNT FEATURES
Current Annual Maximum Annual Maximum Number of
Management Charge Management Charge Days Allowed to Deter
Separate Account Percentage* Percentage Transfers or Payments
Putnam Voyager
Separate Account 0.15 3.00 270
Putnam Investors
Separate Account 0.15 3.00 270
Putnam Equity& Income
Separate Account 0.15 3.00 270 h'
Putnam High Yield Trust 11
Separate Account 0.15 3.00 270
American Century Ultra
il
Separate Account 0.15 3.00 270
America
n Century Select 1
Separate Account 0.15 3.00 270
American Century Value 6
Separate Account 0.15 3.00 270 tLi
1
American Century Income&
Growth Separate Account 0.15 3.00 270
Fidelity Equity Growth
Separate Account 0.15 3.00 270
Fidelity Growth Opportunities
Separate Account 0.15 3.00 270
Fidelity Mid-Cap
Separate Account 0.15 3.00 270
Fidelity Overseas 1
Separate Account 0.15 3.00 270
* This charge is the charge made by us only,and it does not include any management charge of the Mutual Fund.
Please see the appropriate prospectuses for such charges.
GPR 45897 7 For use w/ F1A-F: GP A 5913-2
& FLA-S GP A 5914-3 (12/98)
Current Annual Maximum Annual Maximum Number of
Management Charge Management Charge Days Allowed to Defer
Separate Account Percentage*
Percentage Transfers or Payments
Mason Street Aggressive Growth
Stock Separate Account 0.15 3.00 270
Mason Street International
Equity Separate Account 0.15 3.00 270
Mason Street Asset Allocation
Separate Account 0.15 3.00 270
71
Mason Street High Yield Bond
Separate Account 0.15 3.00 270
* This charge is the charge made by us only,and it does not include any management charge of the Mutual Fund.
Please see the appropriate prospectuses for such charges.
GPR 45897 8 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3 (12/98)
SCHEDULE A
Separate Account Mutual Fund
Putnam Voyager Separate Account Putnam "M" Shares, Vo a er
Putnam Investors Separate Account Putnam "M" Shares, Investor
Putnam Equity& Income
Separate Account Putnam "M" Shares E ui Income
Putnam High Yield Trust H
Separate Account Putnam "M" Shares H i h Yield
American Century Ultra
Separate Account American Century Advisor Ultra
American Century Select
Separate Account American Century Advisor Select
American Century Value
Separate Account American Century Advisor Value
American Century Income& Growth
• Separate Account American Century Advisor Income and Growth
Fidelity Equity Growth
Separate Account Fidelity "Advisor" T Shares E uit Income
Fidelity Growth Opportunities
Separate Account Fidelity"Advisor"T Shares Growth O ortunit
Fidelity Mid-Cap
Separate Account Fidelity"Advisor" T Shares Mid Cap
Fidelity Overseas
Separate Account Fidelity "Advisor" T Shares Overseas
Mason Street Aggressive Growth Stock
Separate Account Northwestern Mutual Life Aggressive Growth
Mason Street International Equity
Separate Account Northwestern Mutual Life International
Mason Street Asset Allocation
Separate Account Northwestern Mutual Life Asset Allocation
Mason Street High Yield Bond
Separate Account Northwestern Mutual Life High Yield Fund
GPR 45897 9 For use w/FIA-F: GP A 5913-2
& FIA-S GP A 5914-3 (12/98)
Hello