Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency and involve investment risks, including the possible loss of the principal amount invested. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. 225 Liberty Street, New York, NY © 2015 OppenheimerFunds Distributor, Inc. All rights reserved. 403(b) Basics Name: Title: Company Name: The financial advisor indicated above and his or her associated firm are not affiliated with OppenheimerFunds or any of its affiliates. Products offered through OppenheimerFunds.

2 Agenda The 403(b) Benefits of Saving in a 403(b) Investing with OppenheimerFunds Take Action

3 A defined contribution plan, similar to a 401(k), available only to public schools and certain tax- exempt organizations Employees enroll through their employer or plan administrator and make contributions through convenient payroll deferrals 403(b) Plan

4 403(b) Teacher’s Pension IRAs & Personal Savings Social Security Your 403(b) plan is an important component to your retirement income. Where will your Retirement Income come from?

Benefits of a 403(b) Plan

6 Tax Advantages Saving in a 403(b) offers tax-advantaged opportunities Two ways to save Traditional, pre-tax deferrals Roth, after-tax contributions Contributions can be made either wholly in one type or split between the two, up to the annual IRS contribution limit Benefits of a 403(b) Plan

7 Two Ways to Save – Traditional, pre-tax With pre-tax savings your 403(b) contributions are deducted before taxes are taken out. Benefits of a 403(b) Plan 1. Assumes a federal income tax bracket of 25%. The chart is for illustrative purposes only. Without 403(b) Contribution With 403(b) Contribution Paycheck Amount$1000 Pre-tax deferrals$0$50 Federal Income Tax 1 $250$238 Net Pay $750$712 $38 $50 In this example, you save $50 tax- deferred with only a $38 difference in your paycheck $238 $250 Contributions are pre-tax, so the income tax you pay is less

8 Two Ways to Save – Roth, after-tax Roth 403(b), contributions are made with after-tax dollars The money in the Roth grows tax free, so you don’t have to pay any tax on your withdrawals, including any earnings, when you retire 1 Anyone can benefit from Roth contributions. You may want to consider a Roth 403(b): If you expect to be in a higher tax bracket in retirement If you are a younger employee who has a longer horizon to retirement If you want to diversify the way contributions and earnings are taxed If you wish to leave tax-free money to heirs 2 Benefits of a 403(b) Plan 1. Distributions from a Roth are tax and penalty free provided the account has been held five years or more and a qualifying event is experienced. 2. Provided account has been held five years or more.

9 The Power of Compounding Compounding happens when you earn returns on your returns by re-investing any interest or gains every year 1 To take advantage of compounding, contribute to your 403(b) and limit withdrawals. The more time you give your investments, the more you can accelerate the potential of compounding Benefits of a 403(b) Plan 1. Remember, the value of your investments can fluctuate. Also, withdrawals from your 403(b) will reduce the effect of compounding.

10 The Power of Compounding in a Retirement Plan This illustration shows how much faster assets can potentially compound in a tax- advantaged retirement plan relative to a comparable investment in a non-tax-favored savings vehicle. It assumes $100 of salary saved per month at an annual 6% rate of return 1 over a 20-year savings period 2 1.This hypothetical example is not intended to show the performance of any Oppenheimer fund for any period of time, nor does it show fluctuations in a principal value or investment return. 2.Assumes a fixed average annual rate of return of 6% on a tax-deferred basis, with dividends and distributions reinvested. Withdrawals from qualified plans prior to age 59 ½ may be subject to taxes and penalties. The hypothetical ending values are subject to income tax when withdrawn. Periodic investment plans do not assure a profit or protect against losses in declining markets.

11 Dollar Cost Averaging Dollar cost averaging results from ongoing payroll deductions of a fixed dollar amount invested in your 403(b) plan on a regular basis You buy fewer shares when prices are high and more shares when prices are low 1, generally lowering the average cost per share over time Benefits of a 403(b) Plan 1.Since dollar cost averaging involves continuous investments regardless of price levels of fund shares, you should consider your financial ability to continue purchases through periods of low price levels. Dollar cost averaging does not guarantee profit nor protect against losses in declining markets.

12 Dollar cost Averaging Benefits of a 403(b) Plan Regular Investments Price per Share Shares Purchased 1$100$ $ $ $ 5$ 520 Total$40060 Example of Dollar Cost Averaging 1 Average cost per share: $6.67 Average price per share: $ Automatic investment plans do not guarantee a profit nor protect against losses in declining markets. Dollar cost averaging involves continuous investments regardless of price levels of fund shares, and you should consider your financial ability to continue purchases through periods of low price levels. These charts do not depict the prices or investment performance of any investment.

13 Contribution Limits The IRS establishes annual limits for retirement savings accounts The limits for 403(b) and other defined contribution plans are significant Benefits of a 403(b) Plan Limit2015 Elective Deferrals$18,000 Catch-up Contributions 50+ years old $ 6,000 Unique to 403(b) plans: 15 year catch-upLifetime max $15,000 2 Annual Deferral Limits 1 1.In addition to your elective deferrals, your employer may also make contributions. 2.If an employee’s elective deferrals in prior years was less than their deferral limit, he or she may be able to make deferrals up to $3,000 over the limit for the current year, subject to a lifetime maximum of $15,000. Historical data must be available. Talk to your employer.

14 Loan Feature If your employer’s plan permits, you may take a loan from your 403(b) balance You may borrow up to the lesser of: $50,000 reduced by the highest outstanding loan balance during the last 12-month period at the time you apply for the loan OR 50% of your plan assets Evaluate your options carefully before borrowing from your plan savings Benefits of a 403(b) Plan

15 Portability If you experience a “qualifying event” you can take a distribution in one of the following ways: Rollover into an IRA Rollover into the retirement plan at your new job 1 Take a cash distribution or Leave the money in the plan 2 Benefits of a 403(b) Plan 1. If plan accepts rollovers. Rollovers to SIMPLE IRAs are not permitted. 2. If balance is $5000 or more.

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17 Investing with OppenheimerFunds Comprehensive Investments Domestic Equity Global Equity Global Debt Alternative Multi Asset Domestic Debt Money Market

18 Take Action Talk to me about how to: Enroll in your 403(b) plan Maximize your contributions

20 Disclosures Mutual funds are subject to market risk and volatility. Shares may gain or lose value. Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested. This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. Contact your attorney or other advisor regarding your specific legal, investment or tax situation. Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling CALL OPP ( ). Read prospectuses and summary prospectuses carefully before investing. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. 225 Liberty Street, New York, NY © 2015 OppenheimerFunds Distributor, Inc. All rights reserved. RPL August 11, 2015