The Scripps Research Institute
Employee
Retirement Plan
Your guide to the updated TSRI retirement program
•Understanding Your TSRI Retirement Plans
•Employee Retirement Plan Highlights
• Key Dates
• Your Plan’s Investment Options
• Fees and Expenses
• Next Steps
Please refer to this Transition Guide for the information that will reflect the plan information at the time the
transition occurs. In addition to this Transition Guide, you will receive a disclosure of Important Plan and
Investment-Related Information, which may not include the most up-to-date information about your plan.
Understanding Your TSRI Retirement Plans
A new Employee Retirement Plan will be available to replace The
Scripps Research Institute Cash Balance Retirement Plan, effective
January 1, 2014. We understand the important role your retirement
plan plays in helping to secure your financial future. TSRI is committed
to helping employees save for long-term financial security. The new
Employee Retirement Plan will allow TSRI to continue offering a
competitive retirement plan with a 5% employer contribution that
employees manage by choosing their own investment options for their
accounts. This approach supports the strategy for the Institution and
for employees to share in the responsibility of saving and preparing
for retirement. Now, more than ever, it is important to take the time to
review what is happening with the TSRI retirement program and to take
the necessary steps to manage your plan accounts.
This guide provides a brief review of the upcoming retirement program
changes, information about managing your account, news about your
investments, key dates, details about upcoming meetings with Fidelity
Investments, and other resources to help you make informed decisions.
2
Employee Retirement Plan Highlights
At TSRI, we believe in offering a strong benefits
program to our employees. Together with
Fidelity, we will offer a new level of service and
commitment to help you prepare for retirement.
The new Employee Retirement Plan will feature
the following:
•An expanded investment lineup whereby you
can select where contributions will be invested
and make changes at any time.
•The TSRI employer contribution becomes fully
vested upon completing three years of eligible
service in an eligible position. Prior years of
service in The Scripps Research Institute Cash
Balance Retirement Plan counts toward the
waiting period and vesting in the new plan.
•Fidelity BrokerageLink®, an integrated
brokerage service that combines the
convenience of your workplace savings account
with the additional flexibility of a brokerage
account. It gives you expanded investment
choices and the opportunity to more actively
manage your retirement contributions.
•Portfolio Review, an online tool that helps
you identify your savings goals, analyzes your
current investment mix, and suggests an
investment mix to help you better align your
portfolio with your goals.*
•Full View®, an online service available through
the Fidelity NetBenefits® Web site that allows
you to view and manage your finances,
including retirement, bank, brokerage, and
credit card accounts, in one place.
•A new array of account and planning services
available online and by phone.
*Portfolio Review is an educational tool.
3
Key Dates
Whether or not you are planning retirement in the near future, we encourage you to utilize resources
available to you to update your retirement planning and your overall financial plan.
Plan Transition Activity Calendar
Review the calendar of events to understand how account activities may be affected during the
transition period.
KEY DATE
PLAN ACTIVITY
WHAT IT MEANS TO YOU
December 2, 2013,
1 p.m. Pacific time
The Fidelity Retirement Service
Center and Fidelity NetBenefits®
Web site open.
You can now do the following:
• Choose your investment for future
contributions.
December 31, 2013
Your accrued benefit in The Scripps
Cash Balance Retirement Plan will
be frozen.
You will not earn any additional deposit credits
in The Scripps Research Institute Cash Balance
Retirement Plan after this date. Your Cash Balance
account will continue to earn annual interest
credits, as provided in the plan document.
January 1, 2014,
1 p.m. Pacific time
An account will be opened for you
on January 1, 2014.
You should become familiar with your new
investment choices and make a decision about
where you’d like your contributions to be
invested. After January 1, go online to activate
your Fidelity account, set up your preferences,
and put your plan into action. Familiarize yourself
with the resources available to you online
with Fidelity.
January 1, 2014,
1 p.m. Pacific time
You will receive an automatic
employer contribution to the new
Employee Retirement Plan. The
employer contribution is equal
to 5% of your eligible pay. The
contributions will start with the first
effective pay date in January 2014.
After this date, all future contributions will be
directed to the new Employee Retirement Plan.
On or after January 1, 2014, you can change your
investment elections.
January 1, 2014,
1 p.m. Pacific time
The Fidelity Retirement Service
Center and Fidelity NetBenefits®
Web site open for full account
management.
• www.plan.fidelity.com/TSRI
• 1-800-343-0860
You can now do the following:
•S
et up your NetBenefits® online account,
if you haven’t already.
• Choose your account beneficiaries.
• Access online planning tools.
• Set up your email preferences.
• Roll over eligible balances from other
employer‑sponsored plans.
Please note, January 1, 2014 is a holiday.
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Your Plan’s Investment Options
Before investing in any investment option, consider the investment objectives, risks, charges, and
expenses. Contact Fidelity for a mutual fund prospectus or, if available, a summary prospectus
containing this information. Read it carefully.
Federal law requires that certain plan- and investment-related information be provided to you because
you have an account in the plan or are eligible to participate. This guide contains certain required Plan
information, including an explanation of the right to direct investments, any plan restrictions, and a
description of the types of fees and expenses associated with a plan account.*
Investment Options Overview
The investment options in your workplace savings plan give you a choice of mutual funds that cover the
major asset classes: stocks, bonds, and short-term investments. These investment options give you the
flexibility to build your own strategy to meet your needs.
LIFECYCLE INVESTMENT OPTIONS
TICKER SYMBOL
JP MorganSmartRetirement® Blend Income Fund Class R6
JIYBX
JP MorganSmartRetirement® Blend 2015 Fund Class R6
JSBYX
JP MorganSmartRetirement® Blend 2020 Fund Class R6
JSYRX
®
JP MorganSmartRetirement Blend 2025 Fund Class R6
JBYSX
®
JP MorganSmartRetirement Blend 2030 Fund Class R6
JRBYX
®
JP MorganSmartRetirement Blend 2035 Fund Class R6
JPYRX
®
JP MorganSmartRetirement Blend 2040 Fund Class R6
JOBYX
®
JP MorganSmartRetirement Blend 2045 Fund Class R6
JMYAX
®
JP MorganSmartRetirement Blend 2050 Fund Class R6
JNYAX
JP MorganSmartRetirement Blend 2055 Fund Class R6
JTYBX
SHORT-TERM INVESTMENT OPTION
TICKER SYMBOL
Fidelity® Money Market Trust Retirement Money Market Portfolio
FRTXX
STABLE VALUE INVESTMENT OPTION
TICKER SYMBOL
®
Principal Fixed Account
BOND INVESTMENT OPTIONS
TICKER SYMBOL
DIVERSIFIED
PIMCO Total Return Fund Institutional Class
PTTRX
Spartan® U.S. Bond Index Fund — Fidelity Advantage Class
FSITX
INFLATION PROTECTED
Fidelity® Inflation-Protected Bond Fund
FINPX
HIGH YIELD
JPMorgan High Yield Fund Class R6
JHYUX
INTERNATIONAL/GLOBAL
PIMCO Foreign Bond (Unhedged) Fund Institutional Class
PFUIX
*Section 404(a) of the Employee Retirement Income Security Act of 1974, as amended (ERISA) and Department of Labor (DOL)
Regulation Section 2550.404a-5.
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BALANCED/HYBRID INVESTMENT OPTIONS
TICKER SYMBOL
INTERNATIONAL/GLOBAL
BlackRock Global Allocation Fund Institutional Shares
MALOX
PIMCO All Asset Fund Institutional Class
PAAIX
DOMESTIC EQUITY INVESTMENT OPTIONS
TICKER SYMBOL
LARGE VALUE
Diamond Hill Large Cap Fund Class I
DHLRX
MID VALUE
Goldman Sachs Mid Cap Value Fund Institutional Class
GSMCX
SMALL VALUE
American Century Investments Small Cap Value Fund Investor Class
ASVIX
LARGE BLEND
American Century Investments Equity Growth Fund Institutional Class
AMEIX
Spartan Total Market Index Fund — Institutional Class
FSKTX
®
MID BLEND
Fidelity® Low-Priced Stock Fund — Class K
FLPKX
LARGE GROWTH
Fidelity® Contrafund® — Class K
FCNKX
Fidelity Growth Company — Class K
FGCKX
Nuveen Winslow Large-Cap Growth Fund Class I
NVLIX
®
MID GROWTH
Prudential Jennison Mid Cap Growth Fund Class Z
PEGZX
SMALL GROWTH
Baron Small Cap Fund Institutional Class
BSFIX
INTERNATIONAL/GLOBAL EQUITY INVESTMENT OPTIONS
TICKER SYMBOL
DIVERSIFIED
American Funds EuroPacific Growth Fund Class R-5
RERFX
Fidelity International Small Cap Fund
FISMX
Morgan Stanley Institutional Fund, Inc. International Equity Portfolio Class I
MSIQX
®
EMERGING MARKETS
Aberdeen Emerging Markets Fund Institutional Class
ABEMX
SPECIALTY
Morgan Stanley Institutional Fund, Inc. Global Real Estate Portfolio Class I
6
MRLAX
The Employee Retirement Plan Default Fund
TSRI has determined that any future contributions to your account that you have not directed to a
specific investment option in the Employee Retirement Plan will be invested in one of the JPMorgan
SmartRetirement Funds. Your future contributions may be invested in the fund that has a target
retirement date closest to the year you might retire, and assuming a retirement age of 65, at the
direction of TSRI.
Please use the following guidelines to determine in which JPMorgan SmartRetirement Fund your future
contributions, as noted below, may be invested.
TICKER
SYMBOL
DATE OF BIRTH
FUND NAME
TARGET RETIREMENT DATE
Before or on 12/31/1947
JPMorgan SmartRetirement Blend Income R6
JIYBX
12/31/2012 or before
1/1/1948–12/31/1952
JPMorgan SmartRetirement Blend 2015 R6
JSBYX
1/1/2013–12/31/2017
1/1/1953–12/31/1957
JPMorgan SmartRetirement Blend 2020 R6
JSYRX
1/1/2018–12/31/2022
1/1/1958–12/31/1962
JPMorgan SmartRetirement Blend 2025 R6
JBYSX
1/1/2023–12/31/2027
1/1/1963–12/31/1967
JPMorgan SmartRetirement Blend 2030 R6
JRBYX
1/1/2028–12/31/2032
1/1/1968–12/31/1972
JPMorgan SmartRetirement Blend 2035 R6
JPYRX
1/1/2033–12/31/2037
1/1/1973–12/31/1977
JPMorgan SmartRetirement Blend 2040 R6
JOBYX
1/1/2038–12/31/2042
1/1/1978–12/31/1982
JPMorgan SmartRetirement Blend 2045 R6
JMYAX
1/1/2043–12/31/2047
1/1/1983–12/31/1987
JPMorgan SmartRetirement Blend 2050 R6
JNYAX
1/1/2048–12/31/2052
1/1/1988–12/31/1992
JPMorgan SmartRetirement Blend 2055 R6
JTYBX
1/1/2053–12/30/2057
Timeline was selected by TSRI.
Fidelity BrokerageLink®
Also available January 1, 2014, TSRI is implementing Fidelity BrokerageLink®, a self-directed brokerage
account, for the plan. Fidelity BrokerageLink allows you to choose from investments beyond those
options offered by the plan. This feature is intended for those who are comfortable actively managing
a portfolio of expanded investment choices. The plan’s fiduciaries do not monitor the investments
available in Fidelity BrokerageLink.
To utilize this feature, you must first open a separate brokerage account within the plan. To
open an account, or if you have any questions about Fidelity BrokerageLink, please log on to
www.plan.fidelity.com/TSRI or call 1-800-343-0860. Once you have opened an account, you may access,
monitor, or change investments in your BrokerageLink® account by contacting Fidelity.
When you access your BrokerageLink account, there is additional information regarding available
investment choices, which you should read before making any investment decisions. If you are
purchasing a mutual fund through BrokerageLink, mutual fund minimums generally still apply. Prior
to initiating a trade in your BrokerageLink account, you should review any fees associated with your
transaction. Please refer to the Addendum included in this package for brokerage fees.
A self-directed brokerage account may entail greater risk and is not appropriate for everyone. Additional fees apply to a Fidelity
BrokerageLink account. Please refer to the fact sheet and commission schedule for a complete listing of brokerage fees. This information may be available at www.plan.fidelity.com/TSRI or you may request a copy by calling Fidelity toll free at 1-800-343-0860.
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Fees and Expenses
Right to Direct Investments
To access your plan account with Fidelity, make any changes to your investment options, direct any
future contributions, or seek additional information, log on to www.plan.fidelity.com/TSRI or call
1-800-343-0860.
Restrictions
There may be certain restrictions, as summarized below, on how investment directions may be made in
the plan.
• The initial exchange into BrokerageLink requires a $2,500 minimum.
• Exchanges into BrokerageLink require a $1,000 minimum.
Keep in mind that restrictions are subject to change.
Exercising Voting, Tender, and Similar Rights
You have the right to exercise voting, tender, and similar rights related to the annuities and mutual funds
you may have in your plan account. You will receive information regarding such rights and how to exercise
them at the time of a vote, tender, or other event.
Fees and Expenses
Based on the information and direction Fidelity had on file at the time this brochure was prepared,
certain fees may be deducted from your account:
• Plan administrative fees and expenses
• Individual fees and expenses
Plan Administrative Fees and Expenses
Plan administrative fees may include legal, accounting, trustee, recordkeeping, and other administrative fees
and expenses associated with maintaining the plan. In some instances, they may be deducted from individual
accounts in the plan, either equally from all accounts or proportionately based on account balance.
Based on the information and direction Fidelity had on file at the time this brochure was prepared, plan
administrative fees and expenses may be deducted equally from all accounts. Please keep in mind that
fees are subject to change.
If any plan administrative fees are actually deducted from your account, they will be aggregated
on your plan’s account statement in the Administrative Fees line item. Please keep in mind that
fees are subject to change.
8
Next Steps
Visit Fidelity NetBenefits® at www.plan.fidelity.com/TSRI. Fidelity’s easy-to-use online account site is
designed so you can quickly and easily set up, monitor, and manage your workplace savings account.
There is no action required on your part; however, you may want to revisit your investing strategy to
make sure it is appropriate for your retirement savings goals.
STEPS YOU SHOULD CONSIDER, BEGINNING JANUARY 1, 2014
Set up your username and password.
Simply follow the step-by-step instructions. If you are a
current Fidelity customer and already have a Username and
Password, you can use them to access your plan account on
the NetBenefits® Web site.
Register your email address and set your
communication delivery preferences.
You can do both under the Your Profile tab in NetBenefits®
to ensure you’ll receive important transition updates the way
you prefer.
Establish your beneficiaries.
Now is a good time to review or update your beneficiary
information. If you haven’t already done so, be sure to
provide your beneficiary designation to Fidelity. Your
prior Scripps Cash Balance Retirement Plan beneficiary
designation will not transfer to Fidelity.
Access your plan virtually any time.
On the NetBenefits Web site, you can enroll, make
withdrawals, and adjust your contribution amount.
Take advantage of online account access,
tools, and calculators.
Get details on all your investments, including account
statements, current prices, and historical performance.
Fidelity also provides many tools and calculators to help
you create a successful savings and retirement strategy.
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On-site Workshop Schedule
Please plan to attend one of the workshops shown below, where you will get the guidance you need to
make the most of your plan’s transition to Fidelity.
Making the Most of Your Workplace Savings Transition
In this workshop, you will learn about the following:
• New services and plan features to help you reach your goals
• Key dates and actions you’ll need to take
• New investment options, and how your current investments are affected by this transition
Who should attend: This workshop is designed for any participant who is going through the plan’s
transition to Fidelity and wants to learn more about the plan changes. Please allow approximately one
hour for each workshop session, and be sure to bring your Transition Guide to the workshop.
Fidelity Investments will be on site for group workshops:
LOCATION
ROOM
DATE
TIME
California
W.M. Keck Foundation Amphitheater BCC-1
November 20, 2013
2:00 p.m.
California
MEM Multipurpose Room, Podium Side MEM 1EP
December 2, 2013
Noon
California
HR Training Room
December 2, 2013
3:30 p.m.
California
Dorris Center Auditorium, East DNC 1E
December 16, 2013
Noon
California
Immunology East Conference Room IMM1E
December 16, 2013
4:00 p.m.
LOCATION
ROOM
DATE
TIME
Florida
Room B159
December 12, 2013
Noon
Florida
Room B159
December 16, 2013
Noon
Florida
Room B159
December 18, 2013
Noon
Reservations not required for group workshops.
10
Notes
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Your Retirement Plan is an easy way to save for your future goals.
Follow these three steps to help you get started with the new services
and features of the plan, as well as the new investment lineup.
1. Use this guide as a resource.
2. Review the key dates.
3. Take advantage of new services and features.
Fidelity can help you every step of the way. Call the Fidelity Retirement
Service Center at 1-800-343-0860 or visit www.plan.fidelity.com/TSRI.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time,
and you may gain or lose money.
Although consultations are one on one, guidance provided by Fidelity is educational in nature, is not individualized, and is not
intended to serve as the primary or sole basis for your investment or tax-planning decisions.
This document provides only a summary of the main features of The Scripps Employee Retirement Plan, and the plan document
will govern in the event of any discrepancies.
The plan is intended to be a participant-directed plan as described in Section 404(c) of ERISA, which means that fiduciaries of the
plan are ordinarily relieved of liability for any losses that are the direct and necessary result of investment instructions given by a
participant or beneficiary.
Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917
© 2013 FMR LLC. All rights reserved.
665249.1.011253-01/1013