<SEC-DOCUMENT>0000062996-18-000043.txt : 20180608
<SEC-HEADER>0000062996-18-000043.hdr.sgml : 20180608
<ACCEPTANCE-DATETIME>20180608123035
ACCESSION NUMBER:		0000062996-18-000043
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171231
FILED AS OF DATE:		20180608
DATE AS OF CHANGE:		20180608

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASCO CORP /DE/
		CENTRAL INDEX KEY:			0000062996
		STANDARD INDUSTRIAL CLASSIFICATION:	MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS [2430]
		IRS NUMBER:				381794485
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05794
		FILM NUMBER:		18888662

	BUSINESS ADDRESS:	
		STREET 1:		17450 COLLEGE PARKWAY
		CITY:			LIVONIA
		STATE:			MI
		ZIP:			48152
		BUSINESS PHONE:		3132747400

	MAIL ADDRESS:	
		STREET 1:		17450 COLLEGE PARKWAY
		CITY:			LIVONIA
		STATE:			MI
		ZIP:			48152

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MASCO SCREW PRODUCTS CO
		DATE OF NAME CHANGE:	19731025
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>mas_hourlyx11kx2017.htm
<DESCRIPTION>11-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2018 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s6F946197EB6C85DCB89C1B4BFF32F3A0"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;color:#040404;font-weight:bold;">UNITED STATES </font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;color:#040404;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#040404;font-weight:bold;">Washington, D.C. 20549</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:316px;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:316px;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#040404;font-weight:bold;">FORM ll</font><font style="font-family:Arial;font-size:12pt;color:#1c1c1c;font-weight:bold;">-</font><font style="font-family:Arial;font-size:12pt;color:#040404;font-weight:bold;">K</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">FOR ANNUAL REPORTS OF EMPLOYEE STOCK </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">PURCHASE, SAVINGS AND SIMILAR PLANS </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">PURSUANT TO SECTION 15(d) OF THE </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:left;padding-left:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:30px;"></td><td style="width:652px;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">(</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">Mark </font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">O</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">ne</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">)</font><font style="font-family:Arial;font-size:10pt;color:#040404;">:</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">x</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">ANNU</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">A</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">L RE</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">PORT PURSUA</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">NT T</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">O </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">SE</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">C</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">T</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">I</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">ON </font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">1</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">5</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">(</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">d</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">) O</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">F </font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">T</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">H</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">E S</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">E</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">CURITI</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">E</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">S </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">E</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">X</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">CH</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">ANG</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">E </font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">ACT OF </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">1</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">93</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">4</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">F</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">o</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">r the fis</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">c</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">al year ended December 31</font><font style="font-family:Arial;font-size:10pt;color:#040404;">, </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">OR</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">&#168;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">TRANSITION REP</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">O</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">RT PUR</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">S</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">UANT TO SE</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">C</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">TION 15</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">(</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">d</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">) </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">OF THE S</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">ECU</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">RIT</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">I</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">E</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">S </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">EX</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">CHA</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">NGE A</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">C</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">T </font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">O</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">F 1934</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">For the </font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">t</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">ransit</font><font style="font-family:Arial;font-size:10pt;color:#040404;">i</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">on p</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">e</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">riod from _____________ to _____________</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">C</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">ommission file number 1-5794</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">Full title of th</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">e </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">p</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">l</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">an and the addres</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">s o</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">f the plan, if di</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">ff</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">er</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">e</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">nt fr</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">o</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">m that of the issuer named below</font><font style="font-family:Arial;font-size:10pt;color:#040404;">:</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">M</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">asco </font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">Cor</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">p</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">o</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">ration H</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">o</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">urly 4</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">0</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">1</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">(</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">k</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">) </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">Plan</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">Name </font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">of </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">issuer o</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">f </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">th</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">e </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">se</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">cu</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">rities held pu</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">r</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">suan</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">t </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">t</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">o t</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">he pla</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">n </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">an</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">d </font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">the address </font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">o</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">f its prin</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">ci</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">pal ex</font><font style="font-family:Arial;font-size:10pt;color:#2d2d2d;">e</font><font style="font-family:Arial;font-size:10pt;color:#1c1c1c;">cutive office</font><font style="font-family:Arial;font-size:10pt;color:#040404;">:</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Masco Corporation</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">17450 College Parkway</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Livonia, Michigan 48152</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1</font></div></div><hr style="page-break-after:always"><div><a name="sC44E0A862870210E21E61B4BFF61AD2C"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">TABLE OF CONTENTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:89%;"></td><td style="width:1%;"></td><td style="width:10%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Page No.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#s72277866116C5CEE268E1B4BFF805481"><font style="font-family:Arial;font-size:10pt;">Report of Independent Registered Public Accounting Firm</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#s72277866116C5CEE268E1B4BFF805481">3</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#s9B4B642680D0E1469B6C1B4BFFAF9431"><font style="font-family:Arial;font-size:10pt;">Financial Statements:</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#s9B4B642680D0E1469B6C1B4BFFAF9431"><font style="font-family:Arial;font-size:10pt;">Statements of Net Assets Available for Benefits at December 31, 2017 and 2016</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#s9B4B642680D0E1469B6C1B4BFFAF9431">4</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#sFD7F9B3DE79B7997A1961B4BFFDE1061"><font style="font-family:Arial;font-size:10pt;">Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2017</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#sFD7F9B3DE79B7997A1961B4BFFDE1061">5</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#sCA4B2C69F34AA6F2D4731B4C002CC327"><font style="font-family:Arial;font-size:10pt;">Notes to Financial Statements</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#sCA4B2C69F34AA6F2D4731B4C002CC327">6</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#s19375F40B729317B5E801B4BFE96DE89"><font style="font-family:Arial;font-size:10pt;">Supplemental Schedule:</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#s19375F40B729317B5E801B4BFE96DE89"><font style="font-family:Arial;font-size:10pt;">Schedule H, line 4i - Schedule of Assets (Held at End of Year)</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><a style="font-family:Arial;font-size:10pt;" href="#s19375F40B729317B5E801B4BFE96DE89">11</a></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Note: Other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable. </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2</font></div></div><hr style="page-break-after:always"><div><a name="s72277866116C5CEE268E1B4BFF805481"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Plan Administrator and Plan Participants</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Masco Corporation Hourly 401(k) Plan</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Opinion on the financial statements</font><font style="font-family:Arial;font-size:10pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We have audited the accompanying statements of net assets available for benefits of Masco Corporation Hourly 401(k) Plan (the &#8220;Plan&#8221;) as of December 31, 2017 and 2016, the related statement of changes in net assets available for benefits for the year ended December 31, 2017, and the related notes (collectively referred to as the &#8220;financial statements&#8221;). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2017 and 2016, and the changes in net assets available for benefits for the year ended December 31, 2017 in conformity with accounting principles generally accepted in the United States of America.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Basis for opinion </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express an opinion on the Plan&#8217;s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan&#8217;s internal control over financial reporting. Accordingly, we express no such opinion. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Supplemental information </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The supplemental information in the accompanying schedule, Schedule H, Line 4i-Schedule of Assets (Held at End of Year) as of December 31, 2017 has been subjected to audit procedures performed in conjunction with the audit of the Plan&#8217;s financial statements. The supplemental information is presented for purposes of additional analysis and is not a required part of the basic financial statements but include supplemental information required by the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan&#8217;s management. Our audit procedures included determining whether the supplemental information reconciles to the basic financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information referred to above is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Grant Thornton LLP</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We have served as the Plan&#8217;s auditor since 2013. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Southfield, Michigan</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">June 8, 2018</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3</font></div></div><hr style="page-break-after:always"><div><a name="s9B4B642680D0E1469B6C1B4BFFAF9431"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;and </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:68%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">ASSETS</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Investments, at fair value:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust funds</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">146,600,878</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">118,424,816</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual funds</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">120,025,236</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">105,262,920</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Stock fund</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,660,440</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,887,286</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Brokerage account</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">758,079</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">622,618</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">270,044,633</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">226,197,640</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Receivables:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Notes receivable from participants</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">20,966,793</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">18,255,036</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Participant contributions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">246,041</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">222</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Employer contributions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4,795,460</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4,713,529</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total receivables</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">26,008,294</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">22,968,787</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net assets available for benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">296,052,927</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">249,166,427</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#262626;">The </font><font style="font-family:Arial;font-size:10pt;color:#151515;">acco</font><font style="font-family:Arial;font-size:10pt;color:#262626;">mpanying notes a</font><font style="font-family:Arial;font-size:10pt;color:#151515;">re </font><font style="font-family:Arial;font-size:10pt;color:#262626;">an integr</font><font style="font-family:Arial;font-size:10pt;color:#151515;">al </font><font style="font-family:Arial;font-size:10pt;color:#262626;">part o</font><font style="font-family:Arial;font-size:10pt;color:#151515;">f t</font><font style="font-family:Arial;font-size:10pt;color:#262626;">he financial stat</font><font style="font-family:Arial;font-size:10pt;color:#151515;">e</font><font style="font-family:Arial;font-size:10pt;color:#262626;">m</font><font style="font-family:Arial;font-size:10pt;color:#151515;">e</font><font style="font-family:Arial;font-size:10pt;color:#262626;">n</font><font style="font-family:Arial;font-size:10pt;color:#151515;">ts</font><font style="font-family:Arial;font-size:10pt;color:#040404;">.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4</font></div></div><hr style="page-break-after:always"><div><a name="sFD7F9B3DE79B7997A1961B4BFFDE1061"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">For the year ended </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:84%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">ADDITIONS</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Investment income:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net appreciation in fair value of investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">33,600,079</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Interest and dividend income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,644,838</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total investment income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">40,244,917</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Contributions:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Participant contributions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11,682,390</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Participant rollover contributions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">621,023</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Employer contributions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11,901,029</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total contributions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">24,204,442</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Interest income on notes receivable from participants </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">636,119</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total additions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">65,085,478</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEDUCTIONS</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Benefit payments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(16,497,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Other, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(190,077</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total deductions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(16,687,331</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net increase in net assets available for benefits</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">48,398,147</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net transfers out of the Plan </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(1,511,647</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net assets available for benefits:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">249,166,427</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">End of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">296,052,927</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#212121;">The accompa</font><font style="font-family:Arial;font-size:10pt;color:#333333;">nying note</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s are an i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ntegral pa</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">f t</font><font style="font-family:Arial;font-size:10pt;color:#333333;">h</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e </font><font style="font-family:Arial;font-size:10pt;color:#333333;">fin</font><font style="font-family:Arial;font-size:10pt;color:#212121;">a</font><font style="font-family:Arial;font-size:10pt;color:#333333;">n</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ci</font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">l statements.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5</font></div></div><hr style="page-break-after:always"><div><a name="s9964C19F1915117F951A1B4C000C6E69"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sCA4B2C69F34AA6F2D4731B4C002CC327"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DESCRIPTION OF PLAN</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#282828;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#282828;">The fol</font><font style="font-family:Arial;font-size:10pt;color:#050505;">l</font><font style="font-family:Arial;font-size:10pt;color:#181818;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">w</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ng description of the </font><font style="font-family:Arial;font-size:10pt;color:#383838;">M</font><font style="font-family:Arial;font-size:10pt;color:#282828;">asco C</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">rporat</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">on </font><font style="font-family:Arial;font-size:10pt;color:#383838;">(</font><font style="font-family:Arial;font-size:10pt;color:#050505;">"</font><font style="font-family:Arial;font-size:10pt;color:#282828;">Company</font><font style="font-family:Arial;font-size:10pt;color:#050505;">"</font><font style="font-family:Arial;font-size:10pt;color:#282828;">) Hourly 40</font><font style="font-family:Arial;font-size:10pt;color:#181818;">1</font><font style="font-family:Arial;font-size:10pt;color:#282828;">(k) Plan (</font><font style="font-family:Arial;font-size:10pt;color:#050505;">"</font><font style="font-family:Arial;font-size:10pt;color:#282828;">Plan</font><font style="font-family:Arial;font-size:10pt;color:#050505;">"</font><font style="font-family:Arial;font-size:10pt;color:#282828;">) </font><font style="font-family:Arial;font-size:10pt;color:#181818;">pr</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ovides </font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nly general inf</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">r</font><font style="font-family:Arial;font-size:10pt;color:#383838;">mat</font><font style="font-family:Arial;font-size:10pt;color:#282828;">i</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#181818;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Part</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">c</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">pants sh</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">uld refer to the Plan document </font><font style="font-family:Arial;font-size:10pt;color:#181818;">f</font><font style="font-family:Arial;font-size:10pt;color:#282828;">or a m</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">re c</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">mplete descri</font><font style="font-family:Arial;font-size:10pt;color:#383838;">pti</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n of </font><font style="font-family:Arial;font-size:10pt;color:#282828;">the Pl</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#181818;">'</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s pro</font><font style="font-family:Arial;font-size:10pt;color:#383838;">v</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">sions</font><font style="font-family:Arial;font-size:10pt;color:#050505;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;color:#282828;padding-right:24px;">1.</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">G</font><font style="font-family:Arial;font-size:10pt;color:#181818;font-style:italic;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">n</font><font style="font-family:Arial;font-size:10pt;color:#181818;font-style:italic;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">ral</font><font style="font-family:Arial;font-size:10pt;color:#050505;font-style:italic;">. </font><font style="font-family:Arial;font-size:10pt;color:#383838;">Th</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e P</font><font style="font-family:Arial;font-size:10pt;color:#383838;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n </font><font style="font-family:Arial;font-size:10pt;color:#282828;">is a defi</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ne</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d </font><font style="font-family:Arial;font-size:10pt;color:#383838;">con</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ri</font><font style="font-family:Arial;font-size:10pt;color:#282828;">bution plan </font><font style="font-family:Arial;font-size:10pt;color:#383838;">cov</font><font style="font-family:Arial;font-size:10pt;color:#282828;">eri</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">g h</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ur</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#383838;">y </font><font style="font-family:Arial;font-size:10pt;color:#282828;">emp</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#383838;">y</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ee</font><font style="font-family:Arial;font-size:10pt;color:#383838;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">at c</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">rtain </font><font style="font-family:Arial;font-size:10pt;color:#383838;">div</font><font style="font-family:Arial;font-size:10pt;color:#282828;">isi</font><font style="font-family:Arial;font-size:10pt;color:#383838;">on</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s and subsidiaries </font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">f the Compan</font><font style="font-family:Arial;font-size:10pt;color:#383838;">y</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">El</font><font style="font-family:Arial;font-size:10pt;color:#383838;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">g</font><font style="font-family:Arial;font-size:10pt;color:#383838;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ble employees </font><font style="font-family:Arial;font-size:10pt;color:#383838;">m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ay pa</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">c</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">pate in </font><font style="font-family:Arial;font-size:10pt;color:#383838;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">h</font><font style="font-family:Arial;font-size:10pt;color:#383838;">e Pl</font><font style="font-family:Arial;font-size:10pt;color:#282828;">an on the</font><font style="font-family:Arial;font-size:10pt;color:#383838;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">r </font><font style="font-family:Arial;font-size:10pt;color:#383838;">da</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#383838;">e o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">f </font><font style="font-family:Arial;font-size:10pt;color:#383838;">h</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ire</font><font style="font-family:Arial;font-size:10pt;color:#181818;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">The </font><font style="font-family:Arial;font-size:10pt;color:#383838;">P</font><font style="font-family:Arial;font-size:10pt;color:#282828;">la</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n </font><font style="font-family:Arial;font-size:10pt;color:#282828;">i</font><font style="font-family:Arial;font-size:10pt;color:#383838;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">subj</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ct t</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o </font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#383838;">h</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e pro</font><font style="font-family:Arial;font-size:10pt;color:#383838;">v</font><font style="font-family:Arial;font-size:10pt;color:#181818;">isi</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ons of th</font><font style="font-family:Arial;font-size:10pt;color:#383838;">e </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Emp</font><font style="font-family:Arial;font-size:10pt;color:#383838;">lo</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ye</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Re</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ti</font><font style="font-family:Arial;font-size:10pt;color:#282828;">re</font><font style="font-family:Arial;font-size:10pt;color:#383838;">men</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t </font><font style="font-family:Arial;font-size:10pt;color:#383838;">I</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#383838;">co</font><font style="font-family:Arial;font-size:10pt;color:#282828;">me S</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">curit</font><font style="font-family:Arial;font-size:10pt;color:#383838;">y Ac</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t </font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">f 1974</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#181818;">as </font><font style="font-family:Arial;font-size:10pt;color:#282828;">amend</font><font style="font-family:Arial;font-size:10pt;color:#383838;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d </font><font style="font-family:Arial;font-size:10pt;color:#383838;">(</font><font style="font-family:Arial;font-size:10pt;color:#050505;">"</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ERI</font><font style="font-family:Arial;font-size:10pt;color:#181818;">S</font><font style="font-family:Arial;font-size:10pt;color:#282828;">A</font><font style="font-family:Arial;font-size:10pt;color:#181818;">"</font><font style="font-family:Arial;font-size:10pt;color:#383838;">)</font><font style="font-family:Arial;font-size:10pt;color:#050505;">.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;color:#050505;padding-right:24px;">2.</font><font style="font-family:Arial;font-size:10pt;color:#181818;font-style:italic;">Contri</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">butions</font><font style="font-family:Arial;font-size:10pt;color:#050505;font-style:italic;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Particip</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ant</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s </font><font style="font-family:Arial;font-size:10pt;color:#181818;">m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ay </font><font style="font-family:Arial;font-size:10pt;color:#383838;">co</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ntribut</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e (on either a pre-tax or Roth after-tax basis) </font><font style="font-family:Arial;font-size:10pt;color:#282828;">u</font><font style="font-family:Arial;font-size:10pt;color:#181818;">p </font><font style="font-family:Arial;font-size:10pt;color:#282828;">to </font><font style="font-family:Arial;font-size:10pt;color:#383838;">75 </font><font style="font-family:Arial;font-size:10pt;color:#282828;">percent o</font><font style="font-family:Arial;font-size:10pt;color:#181818;">f th</font><font style="font-family:Arial;font-size:10pt;color:#050505;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ir p</font><font style="font-family:Arial;font-size:10pt;color:#282828;">retax </font><font style="font-family:Arial;font-size:10pt;color:#181818;">annual co</font><font style="font-family:Arial;font-size:10pt;color:#282828;">mpensation</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">as </font><font style="font-family:Arial;font-size:10pt;color:#181818;">defi</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ne</font><font style="font-family:Arial;font-size:10pt;color:#181818;">d i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n </font><font style="font-family:Arial;font-size:10pt;color:#181818;">th</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e </font><font style="font-family:Arial;font-size:10pt;color:#181818;">Pl</font><font style="font-family:Arial;font-size:10pt;color:#282828;">an. A</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">l employees who a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">re </font><font style="font-family:Arial;font-size:10pt;color:#050505;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ligibl</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e to pa</font><font style="font-family:Arial;font-size:10pt;color:#181818;">rticipa</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e </font><font style="font-family:Arial;font-size:10pt;color:#282828;">und</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">r th</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s Pl</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n </font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nd who ha</font><font style="font-family:Arial;font-size:10pt;color:#383838;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ttai</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ned the age of 50 </font><font style="font-family:Arial;font-size:10pt;color:#181818;">bef</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e the clo</font><font style="font-family:Arial;font-size:10pt;color:#181818;">se of </font><font style="font-family:Arial;font-size:10pt;color:#282828;">the pla</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n y</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ear </font><font style="font-family:Arial;font-size:10pt;color:#181818;">s</font><font style="font-family:Arial;font-size:10pt;color:#282828;">hall be eligib</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e to make c</font><font style="font-family:Arial;font-size:10pt;color:#383838;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tch</font><font style="font-family:Arial;font-size:10pt;color:#050505;">-</font><font style="font-family:Arial;font-size:10pt;color:#383838;">u</font><font style="font-family:Arial;font-size:10pt;color:#282828;">p con</font><font style="font-family:Arial;font-size:10pt;color:#181818;">trib</font><font style="font-family:Arial;font-size:10pt;color:#282828;">utions</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Pa</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">c</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ip</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ants </font><font style="font-family:Arial;font-size:10pt;color:#383838;">m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ay also mak</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e </font><font style="font-family:Arial;font-size:10pt;color:#282828;">roll</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ov</font><font style="font-family:Arial;font-size:10pt;color:#282828;">er </font><font style="font-family:Arial;font-size:10pt;color:#383838;">cont</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ri</font><font style="font-family:Arial;font-size:10pt;color:#383838;">bu</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ons representing dist</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ibutions from </font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ndivid</font><font style="font-family:Arial;font-size:10pt;color:#383838;">u</font><font style="font-family:Arial;font-size:10pt;color:#282828;">al retirement accounts</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, simplified employee pension plan</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">4</font><font style="font-family:Arial;font-size:10pt;color:#383838;">03(b) </font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d 457 p</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ans </font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">r </font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">her e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">plo</font><font style="font-family:Arial;font-size:10pt;color:#383838;">y</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s</font><font style="font-family:Arial;font-size:10pt;color:#050505;">' </font><font style="font-family:Arial;font-size:10pt;color:#282828;">tax</font><font style="font-family:Arial;font-size:10pt;color:#050505;">&#173; </font><font style="font-family:Arial;font-size:10pt;color:#282828;">qual</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ifie</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d pl</font><font style="font-family:Arial;font-size:10pt;color:#383838;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ns. The Compan</font><font style="font-family:Arial;font-size:10pt;color:#383838;">y m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ak</font><font style="font-family:Arial;font-size:10pt;color:#383838;">es m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">atchi</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ng and/</font><font style="font-family:Arial;font-size:10pt;color:#282828;">or pr</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">f</font><font style="font-family:Arial;font-size:10pt;color:#050505;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t shar</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ng employer cont</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ri</font><font style="font-family:Arial;font-size:10pt;color:#282828;">buti</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ns in </font><font style="font-family:Arial;font-size:10pt;color:#383838;">ac</font><font style="font-family:Arial;font-size:10pt;color:#282828;">c</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">rdanc</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e </font><font style="font-family:Arial;font-size:10pt;color:#282828;">with </font><font style="font-family:Arial;font-size:10pt;color:#383838;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">h</font><font style="font-family:Arial;font-size:10pt;color:#383838;">e p</font><font style="font-family:Arial;font-size:10pt;color:#282828;">r</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ov</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ision</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">of </font><font style="font-family:Arial;font-size:10pt;color:#383838;">the </font><font style="font-family:Arial;font-size:10pt;color:#282828;">P</font><font style="font-family:Arial;font-size:10pt;color:#383838;">lan</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">These </font><font style="font-family:Arial;font-size:10pt;color:#383838;">employer </font><font style="font-family:Arial;font-size:10pt;color:#282828;">co</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ntr</font><font style="font-family:Arial;font-size:10pt;color:#050505;">i</font><font style="font-family:Arial;font-size:10pt;color:#181818;">buti</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ons</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">f applicabl</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#383838;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ar</font><font style="font-family:Arial;font-size:10pt;color:#383838;">y by div</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ision or subs</font><font style="font-family:Arial;font-size:10pt;color:#383838;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ry </font><font style="font-family:Arial;font-size:10pt;color:#282828;">and </font><font style="font-family:Arial;font-size:10pt;color:#181818;">are i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nvested purs</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ua</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t </font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o </font><font style="font-family:Arial;font-size:10pt;color:#282828;">the partic</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">pant</font><font style="font-family:Arial;font-size:10pt;color:#050505;">'</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s in</font><font style="font-family:Arial;font-size:10pt;color:#383838;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">es</font><font style="font-family:Arial;font-size:10pt;color:#383838;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">men</font><font style="font-family:Arial;font-size:10pt;color:#383838;">t </font><font style="font-family:Arial;font-size:10pt;color:#282828;">elect</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">on</font><font style="font-family:Arial;font-size:10pt;color:#181818;">. </font><font style="font-family:Arial;font-size:10pt;color:#050505;">At </font><font style="font-family:Arial;font-size:10pt;color:#050505;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;color:#050505;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#050505;">2016</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, employer profit sharing contributions receivable totaled </font><font style="font-family:Arial;font-size:10pt;color:#050505;">$4,577,989</font><font style="font-family:Arial;font-size:10pt;color:#050505;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#050505;">$4,676,869</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, respectively. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Cont</font><font style="font-family:Arial;font-size:10pt;color:#383838;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ibu</font><font style="font-family:Arial;font-size:10pt;color:#383838;">tio</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ns a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">re s</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ubject to ce</font><font style="font-family:Arial;font-size:10pt;color:#181818;">rtai</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n Interna</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Re</font><font style="font-family:Arial;font-size:10pt;color:#383838;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">nu</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e Serv</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ce </font><font style="font-family:Arial;font-size:10pt;color:#383838;">(</font><font style="font-family:Arial;font-size:10pt;color:#181818;">"</font><font style="font-family:Arial;font-size:10pt;color:#282828;">IRS</font><font style="font-family:Arial;font-size:10pt;color:#181818;">"</font><font style="font-family:Arial;font-size:10pt;color:#383838;">) </font><font style="font-family:Arial;font-size:10pt;color:#282828;">l</font><font style="font-family:Arial;font-size:10pt;color:#383838;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">mit</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ati</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ons</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#383838;">P</font><font style="font-family:Arial;font-size:10pt;color:#282828;">arti</font><font style="font-family:Arial;font-size:10pt;color:#383838;">c</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ipant</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s ma</font><font style="font-family:Arial;font-size:10pt;color:#282828;">y direc</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t </font><font style="font-family:Arial;font-size:10pt;color:#282828;">co</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ntrib</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ut</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ons </font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n one pe</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">c</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ent in</font><font style="font-family:Arial;font-size:10pt;color:#383838;">c</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#383838;">m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ents in </font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ny of the variou</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s inves</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tment </font><font style="font-family:Arial;font-size:10pt;color:#181818;">option</font><font style="font-family:Arial;font-size:10pt;color:#050505;">s. </font><font style="font-family:Arial;font-size:10pt;color:#181818;">T</font><font style="font-family:Arial;font-size:10pt;color:#282828;">hese options </font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nc</font><font style="font-family:Arial;font-size:10pt;color:#050505;">l</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ud</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e pro</font><font style="font-family:Arial;font-size:10pt;color:#181818;">f</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ess</font><font style="font-family:Arial;font-size:10pt;color:#383838;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ona</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ll</font><font style="font-family:Arial;font-size:10pt;color:#282828;">y m</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">naged mu</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ual fu</font><font style="font-family:Arial;font-size:10pt;color:#181818;">nds</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, collective trust funds, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">sto</font><font style="font-family:Arial;font-size:10pt;color:#181818;">c</font><font style="font-family:Arial;font-size:10pt;color:#282828;">k f</font><font style="font-family:Arial;font-size:10pt;color:#181818;">u</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nds </font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nd a b</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ker</font><font style="font-family:Arial;font-size:10pt;color:#282828;">age account </font><font style="font-family:Arial;font-size:10pt;color:#181818;">which all</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ows </font><font style="font-family:Arial;font-size:10pt;color:#181818;">partici</font><font style="font-family:Arial;font-size:10pt;color:#050505;">p</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nts to buy</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">s</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">l</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l </font><font style="font-family:Arial;font-size:10pt;color:#282828;">or trade </font><font style="font-family:Arial;font-size:10pt;color:#181818;">m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">os</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t pu</font><font style="font-family:Arial;font-size:10pt;color:#282828;">b</font><font style="font-family:Arial;font-size:10pt;color:#050505;">l</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">c</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">y l</font><font style="font-family:Arial;font-size:10pt;color:#181818;">is</font><font style="font-family:Arial;font-size:10pt;color:#383838;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ed comm</font><font style="font-family:Arial;font-size:10pt;color:#181818;">on s</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tocks</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">co</font><font style="font-family:Arial;font-size:10pt;color:#181818;">rporate </font><font style="font-family:Arial;font-size:10pt;color:#282828;">and government bond</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s </font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">r </font><font style="font-family:Arial;font-size:10pt;color:#383838;">c</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#383838;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ficates o</font><font style="font-family:Arial;font-size:10pt;color:#181818;">f </font><font style="font-family:Arial;font-size:10pt;color:#282828;">depos</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#050505;">; </font><font style="font-family:Arial;font-size:10pt;color:#282828;">these o</font><font style="font-family:Arial;font-size:10pt;color:#181818;">pti</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ons vary in </font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">h</font><font style="font-family:Arial;font-size:10pt;color:#181818;">eir </font><font style="font-family:Arial;font-size:10pt;color:#282828;">resp</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ec</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ve </font><font style="font-family:Arial;font-size:10pt;color:#282828;">strat</font><font style="font-family:Arial;font-size:10pt;color:#181818;">egi</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">risks a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d g</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ls</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Part</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">cipants </font><font style="font-family:Arial;font-size:10pt;color:#181818;">m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ay ch</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nge thei</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r </font><font style="font-family:Arial;font-size:10pt;color:#282828;">inv</font><font style="font-family:Arial;font-size:10pt;color:#181818;">est</font><font style="font-family:Arial;font-size:10pt;color:#282828;">m</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nt </font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">pt</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s </font><font style="font-family:Arial;font-size:10pt;color:#383838;">d</font><font style="font-family:Arial;font-size:10pt;color:#282828;">aily</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;color:#181818;padding-right:24px;">3.</font><font style="font-family:Arial;font-size:10pt;color:#181818;font-style:italic;">P</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">a</font><font style="font-family:Arial;font-size:10pt;color:#181818;font-style:italic;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">ticipa</font><font style="font-family:Arial;font-size:10pt;color:#383838;font-style:italic;">nt </font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">A</font><font style="font-family:Arial;font-size:10pt;color:#383838;font-style:italic;">ccoun</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">ts</font><font style="font-family:Arial;font-size:10pt;color:#050505;font-style:italic;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Each a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ct</font><font style="font-family:Arial;font-size:10pt;color:#282828;">i</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ve </font><font style="font-family:Arial;font-size:10pt;color:#282828;">particip</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nt</font><font style="font-family:Arial;font-size:10pt;color:#050505;">'</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">cco</font><font style="font-family:Arial;font-size:10pt;color:#282828;">u</font><font style="font-family:Arial;font-size:10pt;color:#383838;">nt </font><font style="font-family:Arial;font-size:10pt;color:#282828;">is cr</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ed</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ited with the pa</font><font style="font-family:Arial;font-size:10pt;color:#181818;">rt</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ic</font><font style="font-family:Arial;font-size:10pt;color:#383838;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">pan</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#050505;">'</font><font style="font-family:Arial;font-size:10pt;color:#383838;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">cont</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ri</font><font style="font-family:Arial;font-size:10pt;color:#282828;">buti</font><font style="font-family:Arial;font-size:10pt;color:#383838;">on</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s  a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d  a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">loc</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tions </font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">f </font><font style="font-family:Arial;font-size:10pt;color:#383838;">(</font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">) </font><font style="font-family:Arial;font-size:10pt;color:#181818;">employer </font><font style="font-family:Arial;font-size:10pt;color:#282828;">cont</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ri</font><font style="font-family:Arial;font-size:10pt;color:#282828;">butions </font><font style="font-family:Arial;font-size:10pt;color:#383838;">(</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">f app</font><font style="font-family:Arial;font-size:10pt;color:#181818;">li</font><font style="font-family:Arial;font-size:10pt;color:#282828;">cab</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#383838;">)</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">and </font><font style="font-family:Arial;font-size:10pt;color:#383838;">(</font><font style="font-family:Arial;font-size:10pt;color:#282828;">b</font><font style="font-family:Arial;font-size:10pt;color:#383838;">) </font><font style="font-family:Arial;font-size:10pt;color:#282828;">investm</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t </font><font style="font-family:Arial;font-size:10pt;color:#282828;">earnings</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">as </font><font style="font-family:Arial;font-size:10pt;color:#181818;">defined </font><font style="font-family:Arial;font-size:10pt;color:#282828;">in the Pl</font><font style="font-family:Arial;font-size:10pt;color:#181818;">an</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#181818;">P</font><font style="font-family:Arial;font-size:10pt;color:#282828;">lan adm</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#383838;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">istra</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ti</font><font style="font-family:Arial;font-size:10pt;color:#383838;">v</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e </font><font style="font-family:Arial;font-size:10pt;color:#282828;">ex</font><font style="font-family:Arial;font-size:10pt;color:#181818;">p</font><font style="font-family:Arial;font-size:10pt;color:#282828;">enses ar</font><font style="font-family:Arial;font-size:10pt;color:#383838;">e </font><font style="font-family:Arial;font-size:10pt;color:#282828;">paid </font><font style="font-family:Arial;font-size:10pt;color:#181818;">b</font><font style="font-family:Arial;font-size:10pt;color:#282828;">y the Company and n</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ot charg</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">d </font><font style="font-family:Arial;font-size:10pt;color:#282828;">to </font><font style="font-family:Arial;font-size:10pt;color:#181818;">participa</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nts</font><font style="font-family:Arial;font-size:10pt;color:#050505;">' </font><font style="font-family:Arial;font-size:10pt;color:#282828;">account</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Ce</font><font style="font-family:Arial;font-size:10pt;color:#181818;">rt</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ai</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n </font><font style="font-family:Arial;font-size:10pt;color:#282828;">expense</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">m</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">y be incurred </font><font style="font-family:Arial;font-size:10pt;color:#181818;">by </font><font style="font-family:Arial;font-size:10pt;color:#050505;">i</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n</font><font style="font-family:Arial;font-size:10pt;color:#050505;">d</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ivid</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ua</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l part</font><font style="font-family:Arial;font-size:10pt;color:#050505;">ic</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ipant</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s fo</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r </font><font style="font-family:Arial;font-size:10pt;color:#282828;">special </font><font style="font-family:Arial;font-size:10pt;color:#181818;">ser</font><font style="font-family:Arial;font-size:10pt;color:#282828;">v</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ces re</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">tin</font><font style="font-family:Arial;font-size:10pt;color:#282828;">g </font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o </font><font style="font-family:Arial;font-size:10pt;color:#181818;">the</font><font style="font-family:Arial;font-size:10pt;color:#282828;">i</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r </font><font style="font-family:Arial;font-size:10pt;color:#282828;">accounts</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#181818;">Thes</font><font style="font-family:Arial;font-size:10pt;color:#050505;">e </font><font style="font-family:Arial;font-size:10pt;color:#181818;">costs </font><font style="font-family:Arial;font-size:10pt;color:#282828;">are </font><font style="font-family:Arial;font-size:10pt;color:#181818;">charg</font><font style="font-family:Arial;font-size:10pt;color:#050505;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">d di</font><font style="font-family:Arial;font-size:10pt;color:#282828;">r</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#383838;">c</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tly to the </font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#181818;">di</font><font style="font-family:Arial;font-size:10pt;color:#282828;">vidual part</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">c</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">pa</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#050505;">'</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">account</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#181818;">T</font><font style="font-family:Arial;font-size:10pt;color:#282828;">he ben</font><font style="font-family:Arial;font-size:10pt;color:#181818;">efit to wh</font><font style="font-family:Arial;font-size:10pt;color:#282828;">i</font><font style="font-family:Arial;font-size:10pt;color:#383838;">c</font><font style="font-family:Arial;font-size:10pt;color:#282828;">h a </font><font style="font-family:Arial;font-size:10pt;color:#181818;">pa</font><font style="font-family:Arial;font-size:10pt;color:#050505;">r</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#050505;">i</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ci</font><font style="font-family:Arial;font-size:10pt;color:#282828;">pant </font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s entitl</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ed </font><font style="font-family:Arial;font-size:10pt;color:#282828;">is the be</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ef</font><font style="font-family:Arial;font-size:10pt;color:#181818;">it th</font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t </font><font style="font-family:Arial;font-size:10pt;color:#282828;">can be prov</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ed fr</font><font style="font-family:Arial;font-size:10pt;color:#282828;">om the p</font><font style="font-family:Arial;font-size:10pt;color:#181818;">articipa</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nt</font><font style="font-family:Arial;font-size:10pt;color:#050505;">'</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s </font><font style="font-family:Arial;font-size:10pt;color:#383838;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">es</font><font style="font-family:Arial;font-size:10pt;color:#383838;">te</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d account</font><font style="font-family:Arial;font-size:10pt;color:#050505;">.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;color:#050505;padding-right:24px;">4.</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">V</font><font style="font-family:Arial;font-size:10pt;color:#181818;font-style:italic;">es</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">ting a</font><font style="font-family:Arial;font-size:10pt;color:#383838;font-style:italic;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">d </font><font style="font-family:Arial;font-size:10pt;color:#181818;font-style:italic;">F</font><font style="font-family:Arial;font-size:10pt;color:#383838;font-style:italic;">orf</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">eited Employer </font><font style="font-family:Arial;font-size:10pt;color:#383838;font-style:italic;">Con</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-style:italic;">tribution</font><font style="font-family:Arial;font-size:10pt;color:#181818;font-style:italic;">s</font><font style="font-family:Arial;font-size:10pt;color:#050505;font-style:italic;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Par</font><font style="font-family:Arial;font-size:10pt;color:#383838;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">icipants are </font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">mme</font><font style="font-family:Arial;font-size:10pt;color:#181818;">di</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ate</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">y vest</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d in th</font><font style="font-family:Arial;font-size:10pt;color:#383838;">ei</font><font style="font-family:Arial;font-size:10pt;color:#282828;">r cont</font><font style="font-family:Arial;font-size:10pt;color:#383838;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ibutions pl</font><font style="font-family:Arial;font-size:10pt;color:#383838;">u</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s </font><font style="font-family:Arial;font-size:10pt;color:#383838;">ac</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tual earning</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">ther</font><font style="font-family:Arial;font-size:10pt;color:#383838;">eo</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#181818;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Partici</font><font style="font-family:Arial;font-size:10pt;color:#181818;">pa</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nts ar</font><font style="font-family:Arial;font-size:10pt;color:#383838;">e also </font><font style="font-family:Arial;font-size:10pt;color:#282828;">i</font><font style="font-family:Arial;font-size:10pt;color:#383838;">mme</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ately v</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">sted in the </font><font style="font-family:Arial;font-size:10pt;color:#181818;">C</font><font style="font-family:Arial;font-size:10pt;color:#282828;">om</font><font style="font-family:Arial;font-size:10pt;color:#181818;">pa</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#383838;">y </font><font style="font-family:Arial;font-size:10pt;color:#282828;">match</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ng cont</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ibuti</font><font style="font-family:Arial;font-size:10pt;color:#383838;">on </font><font style="font-family:Arial;font-size:10pt;color:#282828;">plus earnin</font><font style="font-family:Arial;font-size:10pt;color:#181818;">gs </font><font style="font-family:Arial;font-size:10pt;color:#282828;">thereon</font><font style="font-family:Arial;font-size:10pt;color:#181818;">. </font><font style="font-family:Arial;font-size:10pt;color:#383838;">V</font><font style="font-family:Arial;font-size:10pt;color:#282828;">esting </font><font style="font-family:Arial;font-size:10pt;color:#181818;">in </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Company p</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#181818;">fit s</font><font style="font-family:Arial;font-size:10pt;color:#282828;">haring c</font><font style="font-family:Arial;font-size:10pt;color:#383838;">o</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ntr</font><font style="font-family:Arial;font-size:10pt;color:#282828;">i</font><font style="font-family:Arial;font-size:10pt;color:#181818;">bu</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ons</font><font style="font-family:Arial;font-size:10pt;color:#383838;">&#32;oc</font><font style="font-family:Arial;font-size:10pt;color:#282828;">cu</font><font style="font-family:Arial;font-size:10pt;color:#181818;">rs a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">fter th</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ee yea</font><font style="font-family:Arial;font-size:10pt;color:#181818;">rs of s</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ervice comm</font><font style="font-family:Arial;font-size:10pt;color:#181818;">enci</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ng at d</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#383838;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e of h</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">re</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">A</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t </font><font style="font-family:Arial;font-size:10pt;color:#282828;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;color:#282828;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#383838;">2016</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#383838;">f</font><font style="font-family:Arial;font-size:10pt;color:#282828;">orfe</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ited non</font><font style="font-family:Arial;font-size:10pt;color:#282828;">vested e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">mployer </font><font style="font-family:Arial;font-size:10pt;color:#282828;">contribu</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ions tot</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#050505;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">d </font><font style="font-family:Arial;font-size:10pt;color:#282828;">$277,309</font><font style="font-family:Arial;font-size:10pt;color:#282828;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#282828;">$215,730</font><font style="font-family:Arial;font-size:10pt;color:#050505;">, </font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">espec</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ively</font><font style="font-family:Arial;font-size:10pt;color:#050505;">. </font><font style="font-family:Arial;font-size:10pt;color:#181818;">All forfeit</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">d amoun</font><font style="font-family:Arial;font-size:10pt;color:#050505;">ts are</font><font style="font-family:Arial;font-size:10pt;color:#282828;">&#32;us</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d in each </font><font style="font-family:Arial;font-size:10pt;color:#181818;">s</font><font style="font-family:Arial;font-size:10pt;color:#282828;">uccee</font><font style="font-family:Arial;font-size:10pt;color:#181818;">din</font><font style="font-family:Arial;font-size:10pt;color:#282828;">g </font><font style="font-family:Arial;font-size:10pt;color:#383838;">y</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ea</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o </font><font style="font-family:Arial;font-size:10pt;color:#181818;">red</font><font style="font-family:Arial;font-size:10pt;color:#282828;">uce employer co</font><font style="font-family:Arial;font-size:10pt;color:#181818;">nt</font><font style="font-family:Arial;font-size:10pt;color:#050505;">rib</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ution</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s</font><font style="font-family:Arial;font-size:10pt;color:#050505;">.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;color:#1f1f1f;padding-right:24px;">5.</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">Voting R</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-style:italic;">ights</font><font style="font-family:Arial;font-size:10pt;color:#020202;font-style:italic;">. </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">Each </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">parti</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">cipant w</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">h</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">has an i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nterest </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">n the Masco Corporation </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">Company S</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">toc</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">k Fund is enti</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">tle</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">d </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">to ex</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ercise </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">vot</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ng </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ights </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">attributa</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">b</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">l</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e to the sh</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ares alloc</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ated </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">to his or </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">he</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">Company </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">Stoc</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">k Fund account </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">and i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">s </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">n</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ot</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">fied </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">b</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">y t</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">he </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">Tru</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">te</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e, Fidelit</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">y Manag</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ment Tru</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">st C</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">m</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">pany </font><font style="font-family:Arial;font-size:10pt;color:#4b4b4b;">(</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">"F</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">idel</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ty</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">"</font><font style="font-family:Arial;font-size:10pt;color:#4b4b4b;">), </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">as </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">defi</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ne</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">d by t</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">he Plan,</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">p</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">r</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">to th</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e tim</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e that such </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">rights </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">are to be exe</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">c</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ise</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">d</font><font style="font-family:Arial;font-size:10pt;color:#020202;">. </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">If </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">he Tru</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">te</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e d</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">oe</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s n</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">t re</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">c</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ei</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">v</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">timely </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nstruct</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">on</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s</font><font style="font-family:Arial;font-size:10pt;color:#020202;">, </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">the Trustee its</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">l</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">f </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">by proxy sha</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ll </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">vot</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e all s</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">uch </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">shares in t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">he s</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">me rat</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">as </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">the share</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">with </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">respe</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ct to wh</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ch inst</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">u</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ctions </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">were </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ec</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ei</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">v</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ed fr</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">m pa</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">r</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ti</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ci</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">p</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">nts</font><font style="font-family:Arial;font-size:10pt;color:#020202;">.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;color:#020202;padding-right:24px;">6.</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">Notes Re</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-style:italic;">ce</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-style:italic;">v</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-style:italic;">ble from P</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">arti</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-style:italic;">c</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-style:italic;">pants</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">. </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">Gen</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">erally, par</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">tic</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">pant</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s may borrow fr</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">m their accoun</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">t a </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">m</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">in</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">m</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">u</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">m </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">of </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">$</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">1</font><font style="font-family:Arial;font-size:10pt;color:#020202;">,</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">0</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">0</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">0 up t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">a </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">m</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">axim</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">u</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">m </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">eq</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">u</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">al t</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">o the lesser of $50,000 or 5</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">0 </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">perc</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ent o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">f their </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ves</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">d ac</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">co</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">unt bala</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nce at </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">th</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e t</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ime of the loan</font><font style="font-family:Arial;font-size:10pt;color:#020202;">. </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">Loan terms g</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">en</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">rally </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">range fr</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">om</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">1-</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">5</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ye</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ars, or up </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">to 15 yea</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">rs in lim</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ite</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">d circumstance</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">s</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">. </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">The </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">loans a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">re co</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ll</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ate</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">rali</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">z</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ed b</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">y the </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">b</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">al</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ance in </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">t</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">h</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">participant</font><font style="font-family:Arial;font-size:10pt;color:#020202;">'</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">s account </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">d ge</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">era</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">lly bear inte</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">rest at </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">a </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e equa</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">l to the </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">Prime R</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">t</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e on t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">he la</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">t bus</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ess da</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">y of </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">he month </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">pri</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">or to the </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">da</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">te o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">f the l</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">oa</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">n </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">pplicati</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">on</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">. </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">Princip</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">al a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">d </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">interest ar</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e pai</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">d ratably t</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">h</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">rou</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">g</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">h </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">pa</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">y</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ll dedu</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">c</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ti</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">on</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s</font><font style="font-family:Arial;font-size:10pt;color:#020202;">.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS, Continued</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DESCRIPTION OF PLAN (Concluded)</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:Arial;font-size:10pt;color:#020202;padding-right:24px;">7.</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">Pay</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-style:italic;">m</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">e</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-style:italic;">nt of </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">Be</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-style:italic;">nefit</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-style:italic;">s. </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">G</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ne</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ally</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">, </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">afte</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r separa</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">tion from </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">service due </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">to </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">terminati</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">n, de</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">h</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">, disabilit</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">y o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">r</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">et</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ir</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">m</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ent</font><font style="font-family:Arial;font-size:10pt;color:#020202;">, </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">a p</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">t</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">cip</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nt </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">may elect t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">receive an a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">mo</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">un</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">t e</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">qual to the </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">va</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">l</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">u</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">of th</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e partici</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">pant</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">'</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">s ve</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">sted interest in his or her a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">c</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">c</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">u</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nt i</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">n either a single </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">l</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ump-sum amoun</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">t o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">r in </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">an</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">nual installment</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">s </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">over a peri</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">d n</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">t </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">to </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">exceed fi</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">v</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ye</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ar</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">s.  </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">In</font><font style="font-family:Arial;font-size:10pt;color:#020202;">-</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ser</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">v</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">c</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">an</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">d h</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">rdship withdrawa</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ls </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">are distrib</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">uted in a </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">i</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ngle p</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ayment</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><a name="sFED3842BC8031704FCFE1B4C005A5937"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">S</font><font style="font-family:Arial;font-size:10pt;color:#020202;font-weight:bold;">UMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">T</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">he following i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">s a summ</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ar</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">y </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">of sig</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">n</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">fic</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nt acco</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">u</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nt</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ing </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">po</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">li</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">c</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s in a</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">cco</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">rdan</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ce </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">w</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">it</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">h </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">acco</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">unting pri</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nciples gen</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">erally ac</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">cepted in the Un</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ited </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">State</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">f Am</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">rica </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">(</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">"</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">GAAP</font><font style="font-family:Arial;font-size:10pt;color:#020202;">"</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">) </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">f</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ollow</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ed in </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">the p</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">re</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">parat</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">n of t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">he</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e f</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nancial </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">state</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">m</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">e</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">nts</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-weight:bold;">Basis </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-weight:bold;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-weight:bold;">f Ac</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-weight:bold;">co</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-weight:bold;">un</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-weight:bold;">t</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;font-weight:bold;">in</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;font-weight:bold;">g.</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">&#32;The accompa</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ny</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">in</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">g </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">f</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">i</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">n</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">n</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">c</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">ial st</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">a</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">e</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">m</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ent</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">s </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">are </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">prepared </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">on </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">t</font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">he ac</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">crual basis </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">o</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">f </font><font style="font-family:Arial;font-size:10pt;color:#2f2f2f;">ac</font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">counting.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">Use of </font><font style="font-family:Arial;font-size:10pt;color:#171717;font-weight:bold;">Est</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">imates. </font><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of additions and deductions during the reporting period. Actual results could differ from these estimates and assumptions.</font></div><div style="line-height:120%;padding-top:0px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">Risks a</font><font style="font-family:Arial;font-size:10pt;color:#171717;font-weight:bold;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">d Uncertainties. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">The Pla</font><font style="font-family:Arial;font-size:10pt;color:#171717;">n </font><font style="font-family:Arial;font-size:10pt;color:#282828;">provides for </font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ar</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ous in</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">estment options in collective trust funds, mut</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ua</font><font style="font-family:Arial;font-size:10pt;color:#282828;">l fund</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s, stock funds an</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d oth</font><font style="font-family:Arial;font-size:10pt;color:#171717;">er i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nvestm</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ent </font><font style="font-family:Arial;font-size:10pt;color:#282828;">secu</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">i</font><font style="font-family:Arial;font-size:10pt;color:#171717;">tie</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s</font><font style="font-family:Arial;font-size:10pt;color:#171717;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Inv</font><font style="font-family:Arial;font-size:10pt;color:#171717;">es</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tment sec</font><font style="font-family:Arial;font-size:10pt;color:#171717;">uri</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ties a</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e exposed to var</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ious </font><font style="font-family:Arial;font-size:10pt;color:#282828;">r</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">sk</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s</font><font style="font-family:Arial;font-size:10pt;color:#040404;">, </font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ncludin</font><font style="font-family:Arial;font-size:10pt;color:#171717;">g </font><font style="font-family:Arial;font-size:10pt;color:#282828;">interest rate</font><font style="font-family:Arial;font-size:10pt;color:#040404;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">ma</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ket a</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d credit risks</font><font style="font-family:Arial;font-size:10pt;color:#171717;">.  </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Due </font><font style="font-family:Arial;font-size:10pt;color:#171717;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o the lev</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">l of ris</font><font style="font-family:Arial;font-size:10pt;color:#171717;">k </font><font style="font-family:Arial;font-size:10pt;color:#282828;">ass</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ciat</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d with ce</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tain collective trust funds, </font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">m</font><font style="font-family:Arial;font-size:10pt;color:#282828;">utu</font><font style="font-family:Arial;font-size:10pt;color:#171717;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">l fun</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">d</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s, stock funds and in</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">estment securities and th</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">el o</font><font style="font-family:Arial;font-size:10pt;color:#171717;">f un</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">c</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ta</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nty related t</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">o c</font><font style="font-family:Arial;font-size:10pt;color:#282828;">hanges i</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">n </font><font style="font-family:Arial;font-size:10pt;color:#282828;">the val</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">u</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e o</font><font style="font-family:Arial;font-size:10pt;color:#171717;">f </font><font style="font-family:Arial;font-size:10pt;color:#282828;">in</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">es</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ment securiti</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s</font><font style="font-family:Arial;font-size:10pt;color:#040404;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">it is reasonab</font><font style="font-family:Arial;font-size:10pt;color:#171717;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">y poss</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">b</font><font style="font-family:Arial;font-size:10pt;color:#171717;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e </font><font style="font-family:Arial;font-size:10pt;color:#171717;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">hat changes in risks in the n</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ar term could mater</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ia</font><font style="font-family:Arial;font-size:10pt;color:#282828;">lly affec</font><font style="font-family:Arial;font-size:10pt;color:#171717;">t p</font><font style="font-family:Arial;font-size:10pt;color:#282828;">artic</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ipan</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ts</font><font style="font-family:Arial;font-size:10pt;color:#040404;">' </font><font style="font-family:Arial;font-size:10pt;color:#282828;">account ba</font><font style="font-family:Arial;font-size:10pt;color:#171717;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ance</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#171717;">n</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d t</font><font style="font-family:Arial;font-size:10pt;color:#171717;">h</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e </font><font style="font-family:Arial;font-size:10pt;color:#171717;">am</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ounts re</font><font style="font-family:Arial;font-size:10pt;color:#171717;">p</font><font style="font-family:Arial;font-size:10pt;color:#282828;">orted in </font><font style="font-family:Arial;font-size:10pt;color:#171717;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">he statem</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ents </font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#171717;">f </font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#171717;">et a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ssets </font><font style="font-family:Arial;font-size:10pt;color:#171717;">avai</font><font style="font-family:Arial;font-size:10pt;color:#282828;">lable </font><font style="font-family:Arial;font-size:10pt;color:#171717;">f</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r </font><font style="font-family:Arial;font-size:10pt;color:#282828;">benefits </font><font style="font-family:Arial;font-size:10pt;color:#171717;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nd the st</font><font style="font-family:Arial;font-size:10pt;color:#171717;">at</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ement o</font><font style="font-family:Arial;font-size:10pt;color:#171717;">f </font><font style="font-family:Arial;font-size:10pt;color:#282828;">changes in net asse</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ts a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">vai</font><font style="font-family:Arial;font-size:10pt;color:#171717;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#171717;">b</font><font style="font-family:Arial;font-size:10pt;color:#282828;">l</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e </font><font style="font-family:Arial;font-size:10pt;color:#282828;">for ben</font><font style="font-family:Arial;font-size:10pt;color:#171717;">efi</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ts</font><font style="font-family:Arial;font-size:10pt;color:#171717;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#171717;font-weight:bold;">I</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">n</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;font-weight:bold;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">estment </font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;font-weight:bold;">V</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">a</font><font style="font-family:Arial;font-size:10pt;color:#171717;font-weight:bold;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">uat</font><font style="font-family:Arial;font-size:10pt;color:#171717;font-weight:bold;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">on and Income </font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;font-weight:bold;">R</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">e</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;font-weight:bold;">co</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">gnition. </font><font style="font-family:Arial;font-size:10pt;color:#171717;">I</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nvest</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ments </font><font style="font-family:Arial;font-size:10pt;color:#282828;">are s</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ta</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ted at fa</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">r va</font><font style="font-family:Arial;font-size:10pt;color:#171717;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ue as dete</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">min</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d by Fide</font><font style="font-family:Arial;font-size:10pt;color:#171717;">lit</font><font style="font-family:Arial;font-size:10pt;color:#282828;">y Pric</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ing a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nd Ca</font><font style="font-family:Arial;font-size:10pt;color:#171717;">sh M</font><font style="font-family:Arial;font-size:10pt;color:#282828;">anagem</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ent </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Servic</font><font style="font-family:Arial;font-size:10pt;color:#171717;">es</font><font style="font-family:Arial;font-size:10pt;color:#040404;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Inc</font><font style="font-family:Arial;font-size:10pt;color:#171717;">. See Note D for a summary of the valuation method by type of fund.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#171717;">I</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">es</font><font style="font-family:Arial;font-size:10pt;color:#171717;">tm</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#171717;">nt </font><font style="font-family:Arial;font-size:10pt;color:#282828;">transact</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ons are r</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">fle</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">c</font><font style="font-family:Arial;font-size:10pt;color:#282828;">te</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">d </font><font style="font-family:Arial;font-size:10pt;color:#282828;">on a </font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ra</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">d</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#040404;">-</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d</font><font style="font-family:Arial;font-size:10pt;color:#171717;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">te ba</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">si</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s</font><font style="font-family:Arial;font-size:10pt;color:#171717;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Interest inc</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">me i</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">recogni</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ze</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d on the accrua</font><font style="font-family:Arial;font-size:10pt;color:#171717;">l </font><font style="font-family:Arial;font-size:10pt;color:#282828;">ba</font><font style="font-family:Arial;font-size:10pt;color:#171717;">si</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s of accounting</font><font style="font-family:Arial;font-size:10pt;color:#171717;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Div</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">dend income is reco</font><font style="font-family:Arial;font-size:10pt;color:#171717;">rde</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d on th</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">x</font><font style="font-family:Arial;font-size:10pt;color:#040404;">-</font><font style="font-family:Arial;font-size:10pt;color:#282828;">div</font><font style="font-family:Arial;font-size:10pt;color:#171717;">id</font><font style="font-family:Arial;font-size:10pt;color:#040404;">e</font><font style="font-family:Arial;font-size:10pt;color:#171717;">nd </font><font style="font-family:Arial;font-size:10pt;color:#282828;">da</font><font style="font-family:Arial;font-size:10pt;color:#171717;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#171717;">. </font><font style="font-family:Arial;font-size:10pt;color:#282828;">Income </font><font style="font-family:Arial;font-size:10pt;color:#171717;">f</font><font style="font-family:Arial;font-size:10pt;color:#282828;">rom othe</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r </font><font style="font-family:Arial;font-size:10pt;color:#282828;">sec</font><font style="font-family:Arial;font-size:10pt;color:#171717;">uri</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s </font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">eco</font><font style="font-family:Arial;font-size:10pt;color:#171717;">rde</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d as e</font><font style="font-family:Arial;font-size:10pt;color:#171717;">arned </font><font style="font-family:Arial;font-size:10pt;color:#282828;">on </font><font style="font-family:Arial;font-size:10pt;color:#171717;">a</font><font style="font-family:Arial;font-size:10pt;color:#040404;">n </font><font style="font-family:Arial;font-size:10pt;color:#282828;">accrual </font><font style="font-family:Arial;font-size:10pt;color:#171717;">bas</font><font style="font-family:Arial;font-size:10pt;color:#282828;">is</font><font style="font-family:Arial;font-size:10pt;color:#171717;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#282828;">The Plan p</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">esents in the stat</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ment </font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">of </font><font style="font-family:Arial;font-size:10pt;color:#282828;">ch</font><font style="font-family:Arial;font-size:10pt;color:#171717;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nges i</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">n </font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t assets available for benef</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ts </font><font style="font-family:Arial;font-size:10pt;color:#171717;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;">he ne</font><font style="font-family:Arial;font-size:10pt;color:#171717;">t a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">pprec</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">at</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#171717;">n </font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">(</font><font style="font-family:Arial;font-size:10pt;color:#282828;">depreciati</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">) </font><font style="font-family:Arial;font-size:10pt;color:#282828;">in the fair v</font><font style="font-family:Arial;font-size:10pt;color:#171717;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">lue </font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">o</font><font style="font-family:Arial;font-size:10pt;color:#282828;">f it</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">in</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">estm</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nts</font><font style="font-family:Arial;font-size:10pt;color:#040404;">, </font><font style="font-family:Arial;font-size:10pt;color:#282828;">which consist</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">of the rea</font><font style="font-family:Arial;font-size:10pt;color:#171717;">li</font><font style="font-family:Arial;font-size:10pt;color:#282828;">zed ga</font><font style="font-family:Arial;font-size:10pt;color:#171717;">in</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s or losses and the un</font><font style="font-family:Arial;font-size:10pt;color:#171717;">rea</font><font style="font-family:Arial;font-size:10pt;color:#282828;">lized a</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ppr</font><font style="font-family:Arial;font-size:10pt;color:#282828;">eciatio</font><font style="font-family:Arial;font-size:10pt;color:#171717;">n (d</font><font style="font-family:Arial;font-size:10pt;color:#282828;">epre</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ci</font><font style="font-family:Arial;font-size:10pt;color:#040404;">a</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ti</font><font style="font-family:Arial;font-size:10pt;color:#282828;">on) of </font><font style="font-family:Arial;font-size:10pt;color:#171717;">th</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ose inve</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tments</font><font style="font-family:Arial;font-size:10pt;color:#171717;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">Notes R</font><font style="font-family:Arial;font-size:10pt;color:#171717;font-weight:bold;">ece</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">ivable f</font><font style="font-family:Arial;font-size:10pt;color:#171717;font-weight:bold;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">om Participan</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;font-weight:bold;">t</font><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">s.</font><font style="font-family:Arial;font-size:10pt;color:#282828;">&#32;Notes </font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ecei</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">v</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ab</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e f</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">om pa</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tic</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">pants are measu</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ed at their unp</font><font style="font-family:Arial;font-size:10pt;color:#171717;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">id princi</font><font style="font-family:Arial;font-size:10pt;color:#171717;">pa</font><font style="font-family:Arial;font-size:10pt;color:#282828;">l balanc</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e </font><font style="font-family:Arial;font-size:10pt;color:#282828;">p</font><font style="font-family:Arial;font-size:10pt;color:#171717;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">us any </font><font style="font-family:Arial;font-size:10pt;color:#171717;">a</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ccrued bu</font><font style="font-family:Arial;font-size:10pt;color:#171717;">t u</font><font style="font-family:Arial;font-size:10pt;color:#282828;">npaid </font><font style="font-family:Arial;font-size:10pt;color:#171717;">in</font><font style="font-family:Arial;font-size:10pt;color:#282828;">tere</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#171717;">. I</font><font style="font-family:Arial;font-size:10pt;color:#282828;">nterest income is r</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ec</font><font style="font-family:Arial;font-size:10pt;color:#282828;">orded on </font><font style="font-family:Arial;font-size:10pt;color:#171717;">the </font><font style="font-family:Arial;font-size:10pt;color:#282828;">a</font><font style="font-family:Arial;font-size:10pt;color:#3b3b3b;">c</font><font style="font-family:Arial;font-size:10pt;color:#282828;">cru</font><font style="font-family:Arial;font-size:10pt;color:#171717;">al b</font><font style="font-family:Arial;font-size:10pt;color:#282828;">as</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">s</font><font style="font-family:Arial;font-size:10pt;color:#040404;">.  </font><font style="font-family:Arial;font-size:10pt;color:#171717;">De</font><font style="font-family:Arial;font-size:10pt;color:#282828;">linquen</font><font style="font-family:Arial;font-size:10pt;color:#171717;">t </font><font style="font-family:Arial;font-size:10pt;color:#282828;">notes rec</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ivab</font><font style="font-family:Arial;font-size:10pt;color:#171717;">l</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e </font><font style="font-family:Arial;font-size:10pt;color:#171717;">fr</font><font style="font-family:Arial;font-size:10pt;color:#282828;">o</font><font style="font-family:Arial;font-size:10pt;color:#171717;">m </font><font style="font-family:Arial;font-size:10pt;color:#282828;">part</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">c</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ip</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ants ar</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ecorde</font><font style="font-family:Arial;font-size:10pt;color:#171717;">d </font><font style="font-family:Arial;font-size:10pt;color:#040404;">a</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s b</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ene</font><font style="font-family:Arial;font-size:10pt;color:#171717;">fi</font><font style="font-family:Arial;font-size:10pt;color:#040404;">t </font><font style="font-family:Arial;font-size:10pt;color:#282828;">paymen</font><font style="font-family:Arial;font-size:10pt;color:#171717;">ts b</font><font style="font-family:Arial;font-size:10pt;color:#282828;">ased upon the term</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s </font><font style="font-family:Arial;font-size:10pt;color:#282828;">of the P</font><font style="font-family:Arial;font-size:10pt;color:#171717;">la</font><font style="font-family:Arial;font-size:10pt;color:#282828;">n.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#282828;font-weight:bold;">Payment of Benefit</font><font style="font-family:Arial;font-size:10pt;color:#171717;font-weight:bold;">s. </font><font style="font-family:Arial;font-size:10pt;color:#171717;">B</font><font style="font-family:Arial;font-size:10pt;color:#282828;">enef</font><font style="font-family:Arial;font-size:10pt;color:#171717;">i</font><font style="font-family:Arial;font-size:10pt;color:#282828;">t</font><font style="font-family:Arial;font-size:10pt;color:#171717;">s ar</font><font style="font-family:Arial;font-size:10pt;color:#282828;">e </font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">eco</font><font style="font-family:Arial;font-size:10pt;color:#171717;">r</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d</font><font style="font-family:Arial;font-size:10pt;color:#171717;">e</font><font style="font-family:Arial;font-size:10pt;color:#282828;">d when p</font><font style="font-family:Arial;font-size:10pt;color:#171717;">a</font><font style="font-family:Arial;font-size:10pt;color:#040404;">i</font><font style="font-family:Arial;font-size:10pt;color:#171717;">d.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#212121;font-weight:bold;">Recently Issued </font><font style="font-family:Arial;font-size:10pt;color:#343434;font-weight:bold;">Account</font><font style="font-family:Arial;font-size:10pt;color:#212121;font-weight:bold;">i</font><font style="font-family:Arial;font-size:10pt;color:#343434;font-weight:bold;">n</font><font style="font-family:Arial;font-size:10pt;color:#212121;font-weight:bold;">g Prono</font><font style="font-family:Arial;font-size:10pt;color:#343434;font-weight:bold;">unc</font><font style="font-family:Arial;font-size:10pt;color:#212121;font-weight:bold;">e</font><font style="font-family:Arial;font-size:10pt;color:#343434;font-weight:bold;">me</font><font style="font-family:Arial;font-size:10pt;color:#212121;font-weight:bold;">n</font><font style="font-family:Arial;font-size:10pt;color:#343434;font-weight:bold;">ts.</font><font style="font-family:Arial;font-size:10pt;color:#212121;">&#32;I</font><font style="font-family:Arial;font-size:10pt;color:#343434;">n February 2017</font><font style="font-family:Arial;font-size:10pt;color:#212121;">, th</font><font style="font-family:Arial;font-size:10pt;color:#343434;">e </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Financial Accounting Standards Board i</font><font style="font-family:Arial;font-size:10pt;color:#343434;">ss</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ue</font><font style="font-family:Arial;font-size:10pt;color:#343434;">d Accounting Standards Update 2017-06 ("ASU 2017-06")</font><font style="font-family:Arial;font-size:10pt;">, "Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting", which changes the presentation and disclosures for plans that participate in a master trust. ASU 2017-06 is effective for annual periods beginning after December 15, 2018 and requires retrospective application. We do not expect the adoption of this new standard to impact the Plan's financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7</font></div></div><hr style="page-break-after:always"><div><a name="s535D11E48B4ED45C76C21B4C007A3BD3"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS, Continued</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">C.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">INVESTMENTS</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">At </font><font style="font-family:Arial;font-size:10pt;color:#1f1f1f;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;color:#343434;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#343434;">2016</font><font style="font-family:Arial;font-size:10pt;color:#343434;">, the stock fund</font><font style="font-family:Arial;font-size:10pt;color:#212121;">&#32;totaled </font><font style="font-family:Arial;font-size:10pt;color:#212121;">$2,660,440</font><font style="font-family:Arial;font-size:10pt;color:#212121;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#212121;">$1,887,286</font><font style="font-family:Arial;font-size:10pt;color:#212121;">, respectively, and was comprised </font><font style="font-family:Arial;font-size:10pt;color:#343434;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">f the Masco Corporat</font><font style="font-family:Arial;font-size:10pt;color:#343434;">io</font><font style="font-family:Arial;font-size:10pt;color:#212121;">n Company Stock Fund</font><font style="font-family:Arial;font-size:10pt;color:#040404;">, which exclusively included Masco Corporation Common Stock. </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><a name="sC40D153F67CDA0512F4A1B4C00B8D0E2"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#020202;font-weight:bold;">D.</font></div></td><td style="vertical-align:top;padding-left:12px;"><div style="line-height:120%;text-align:center;font-size:10pt;text-indent:-12px;"><font style="font-family:Arial;font-size:10pt;color:#020202;font-weight:bold;">FAIR VALUE MEASUREMENTS</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#212121;font-style:italic;"></font><font style="font-family:Arial;font-size:10pt;color:#212121;font-weight:bold;">Accounting Poli</font><font style="font-family:Arial;font-size:10pt;color:#333333;font-weight:bold;">cy</font><font style="font-family:Arial;font-size:10pt;color:#212121;font-weight:bold;">. </font><font style="font-family:Arial;font-size:10pt;color:#212121;">T</font><font style="font-family:Arial;font-size:10pt;color:#333333;">he </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Plan foll</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ows </font><font style="font-family:Arial;font-size:10pt;color:#212121;">f</font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">r v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">alue </font><font style="font-family:Arial;font-size:10pt;color:#333333;">g</font><font style="font-family:Arial;font-size:10pt;color:#212121;">uidan</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ce (</font><font style="font-family:Arial;font-size:10pt;color:#212121;">A</font><font style="font-family:Arial;font-size:10pt;color:#333333;">SC 820) </font><font style="font-family:Arial;font-size:10pt;color:#212121;">that defin</font><font style="font-family:Arial;font-size:10pt;color:#333333;">es fa</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ir value</font><font style="font-family:Arial;font-size:10pt;color:#020202;">, </font><font style="font-family:Arial;font-size:10pt;color:#212121;">es</font><font style="font-family:Arial;font-size:10pt;color:#333333;">tab</font><font style="font-family:Arial;font-size:10pt;color:#212121;">l</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ishes </font><font style="font-family:Arial;font-size:10pt;color:#212121;">a fra</font><font style="font-family:Arial;font-size:10pt;color:#333333;">mewor</font><font style="font-family:Arial;font-size:10pt;color:#212121;">k </font><font style="font-family:Arial;font-size:10pt;color:#333333;">for </font><font style="font-family:Arial;font-size:10pt;color:#212121;">measuring f</font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ir </font><font style="font-family:Arial;font-size:10pt;color:#333333;">val</font><font style="font-family:Arial;font-size:10pt;color:#212121;">u</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e </font><font style="font-family:Arial;font-size:10pt;color:#212121;">and requires certain</font><font style="font-family:Arial;font-size:10pt;color:#333333;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d</font><font style="font-family:Arial;font-size:10pt;color:#333333;">i</font><font style="font-family:Arial;font-size:10pt;color:#212121;">sclosures about f</font><font style="font-family:Arial;font-size:10pt;color:#333333;">air v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">alue meas</font><font style="font-family:Arial;font-size:10pt;color:#333333;">urem</font><font style="font-family:Arial;font-size:10pt;color:#212121;">en</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ts</font><font style="font-family:Arial;font-size:10pt;color:#212121;">. T</font><font style="font-family:Arial;font-size:10pt;color:#333333;">h</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e </font><font style="font-family:Arial;font-size:10pt;color:#333333;">g</font><font style="font-family:Arial;font-size:10pt;color:#212121;">uida</font><font style="font-family:Arial;font-size:10pt;color:#333333;">nce d</font><font style="font-family:Arial;font-size:10pt;color:#212121;">efin</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s fair val</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ue as </font><font style="font-family:Arial;font-size:10pt;color:#212121;">"t</font><font style="font-family:Arial;font-size:10pt;color:#333333;">h</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e price tha</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t wou</font><font style="font-family:Arial;font-size:10pt;color:#212121;">l</font><font style="font-family:Arial;font-size:10pt;color:#333333;">d be </font><font style="font-family:Arial;font-size:10pt;color:#212121;">received </font><font style="font-family:Arial;font-size:10pt;color:#333333;">to se</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ll </font><font style="font-family:Arial;font-size:10pt;color:#333333;">an a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">sset or </font><font style="font-family:Arial;font-size:10pt;color:#333333;">p</font><font style="font-family:Arial;font-size:10pt;color:#212121;">aid </font><font style="font-family:Arial;font-size:10pt;color:#333333;">to tr</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ansf</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r a </font><font style="font-family:Arial;font-size:10pt;color:#333333;">li</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ab</font><font style="font-family:Arial;font-size:10pt;color:#333333;">i</font><font style="font-family:Arial;font-size:10pt;color:#444444;">l</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ity in </font><font style="font-family:Arial;font-size:10pt;color:#212121;">an orderl</font><font style="font-family:Arial;font-size:10pt;color:#333333;">y t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">an</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s</font><font style="font-family:Arial;font-size:10pt;color:#333333;">act</font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">on </font><font style="font-family:Arial;font-size:10pt;color:#212121;">bet</font><font style="font-family:Arial;font-size:10pt;color:#333333;">w</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ee</font><font style="font-family:Arial;font-size:10pt;color:#333333;">n mark</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t part</font><font style="font-family:Arial;font-size:10pt;color:#212121;">icipa</font><font style="font-family:Arial;font-size:10pt;color:#333333;">n</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ts </font><font style="font-family:Arial;font-size:10pt;color:#333333;">at the </font><font style="font-family:Arial;font-size:10pt;color:#444444;">m</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">as</font><font style="font-family:Arial;font-size:10pt;color:#333333;">u</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ment dat</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">." Fur</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">her</font><font style="font-family:Arial;font-size:10pt;color:#020202;">, </font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t de</font><font style="font-family:Arial;font-size:10pt;color:#212121;">f</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ine</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s </font><font style="font-family:Arial;font-size:10pt;color:#333333;">a fai</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r </font><font style="font-family:Arial;font-size:10pt;color:#333333;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">al</font><font style="font-family:Arial;font-size:10pt;color:#333333;">u</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e </font><font style="font-family:Arial;font-size:10pt;color:#333333;">h</font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">era</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ch</font><font style="font-family:Arial;font-size:10pt;color:#444444;">y</font><font style="font-family:Arial;font-size:10pt;color:#212121;">, </font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s follo</font><font style="font-family:Arial;font-size:10pt;color:#333333;">w</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s</font><font style="font-family:Arial;font-size:10pt;color:#020202;">: </font><font style="font-family:Arial;font-size:10pt;color:#212121;">L</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#444444;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">l 1 inpu</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ts as qu</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ote</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d </font><font style="font-family:Arial;font-size:10pt;color:#333333;">p</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ri</font><font style="font-family:Arial;font-size:10pt;color:#333333;">c</font><font style="font-family:Arial;font-size:10pt;color:#212121;">es in a</font><font style="font-family:Arial;font-size:10pt;color:#333333;">c</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ti</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ve </font><font style="font-family:Arial;font-size:10pt;color:#212121;">ma</font><font style="font-family:Arial;font-size:10pt;color:#333333;">rket</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s </font><font style="font-family:Arial;font-size:10pt;color:#333333;">fo</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r ide</font><font style="font-family:Arial;font-size:10pt;color:#333333;">nt</font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">cal asset</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s or liab</font><font style="font-family:Arial;font-size:10pt;color:#333333;">iliti</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">s</font><font style="font-family:Arial;font-size:10pt;color:#212121;">; </font><font style="font-family:Arial;font-size:10pt;color:#333333;">Leve</font><font style="font-family:Arial;font-size:10pt;color:#212121;">l 2 inp</font><font style="font-family:Arial;font-size:10pt;color:#333333;">u</font><font style="font-family:Arial;font-size:10pt;color:#212121;">t</font><font style="font-family:Arial;font-size:10pt;color:#333333;">s as ob</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ser</font><font style="font-family:Arial;font-size:10pt;color:#333333;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">a</font><font style="font-family:Arial;font-size:10pt;color:#333333;">b</font><font style="font-family:Arial;font-size:10pt;color:#212121;">le inpu</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s </font><font style="font-family:Arial;font-size:10pt;color:#333333;">ot</font><font style="font-family:Arial;font-size:10pt;color:#212121;">h</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r than Le</font><font style="font-family:Arial;font-size:10pt;color:#333333;">vel 1 </font><font style="font-family:Arial;font-size:10pt;color:#212121;">p</font><font style="font-family:Arial;font-size:10pt;color:#333333;">rices</font><font style="font-family:Arial;font-size:10pt;color:#212121;">, such as </font><font style="font-family:Arial;font-size:10pt;color:#333333;">quot</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">d ma</font><font style="font-family:Arial;font-size:10pt;color:#212121;">rket prices </font><font style="font-family:Arial;font-size:10pt;color:#333333;">fo</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r </font><font style="font-family:Arial;font-size:10pt;color:#333333;">s</font><font style="font-family:Arial;font-size:10pt;color:#212121;">imi</font><font style="font-family:Arial;font-size:10pt;color:#333333;">l</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ar assets </font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r liab</font><font style="font-family:Arial;font-size:10pt;color:#333333;">i</font><font style="font-family:Arial;font-size:10pt;color:#212121;">lities </font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r </font><font style="font-family:Arial;font-size:10pt;color:#333333;">oth</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">r </font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">n</font><font style="font-family:Arial;font-size:10pt;color:#212121;">p</font><font style="font-family:Arial;font-size:10pt;color:#333333;">u</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ts that ar</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e observ</font><font style="font-family:Arial;font-size:10pt;color:#212121;">able or can </font><font style="font-family:Arial;font-size:10pt;color:#333333;">be </font><font style="font-family:Arial;font-size:10pt;color:#212121;">c</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">rroborated b</font><font style="font-family:Arial;font-size:10pt;color:#333333;">y ma</font><font style="font-family:Arial;font-size:10pt;color:#212121;">rk</font><font style="font-family:Arial;font-size:10pt;color:#333333;">et </font><font style="font-family:Arial;font-size:10pt;color:#212121;">data; and Le</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ve</font><font style="font-family:Arial;font-size:10pt;color:#212121;">l </font><font style="font-family:Arial;font-size:10pt;color:#333333;">3 </font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">n</font><font style="font-family:Arial;font-size:10pt;color:#212121;">p</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ut</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s as unobser</font><font style="font-family:Arial;font-size:10pt;color:#333333;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">abl</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e </font><font style="font-family:Arial;font-size:10pt;color:#212121;">inputs that are supported by little </font><font style="font-family:Arial;font-size:10pt;color:#333333;">or no </font><font style="font-family:Arial;font-size:10pt;color:#212121;">market act</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ivi</font><font style="font-family:Arial;font-size:10pt;color:#212121;">t</font><font style="font-family:Arial;font-size:10pt;color:#333333;">y a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">nd </font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">hat are fi</font><font style="font-family:Arial;font-size:10pt;color:#333333;">na</font><font style="font-family:Arial;font-size:10pt;color:#212121;">n</font><font style="font-family:Arial;font-size:10pt;color:#333333;">c</font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">l instruments whose value is determin</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d u</font><font style="font-family:Arial;font-size:10pt;color:#333333;">s</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ing pricing m</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ls or ins</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">rumen</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s for which the determination </font><font style="font-family:Arial;font-size:10pt;color:#333333;">of fa</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ir </font><font style="font-family:Arial;font-size:10pt;color:#333333;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">al</font><font style="font-family:Arial;font-size:10pt;color:#333333;">u</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">quires </font><font style="font-family:Arial;font-size:10pt;color:#333333;">si</font><font style="font-family:Arial;font-size:10pt;color:#212121;">gni</font><font style="font-family:Arial;font-size:10pt;color:#333333;">f</font><font style="font-family:Arial;font-size:10pt;color:#212121;">icant </font><font style="font-family:Arial;font-size:10pt;color:#333333;">m</font><font style="font-family:Arial;font-size:10pt;color:#212121;">a</font><font style="font-family:Arial;font-size:10pt;color:#333333;">n</font><font style="font-family:Arial;font-size:10pt;color:#212121;">a</font><font style="font-family:Arial;font-size:10pt;color:#333333;">g</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">me</font><font style="font-family:Arial;font-size:10pt;color:#212121;">nt judgment </font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r </font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">stimation</font><font style="font-family:Arial;font-size:10pt;color:#020202;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:justify;padding-left:66px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#333333;">A</font><font style="font-family:Arial;font-size:10pt;color:#212121;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#333333;">desc</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ri</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ption </font><font style="font-family:Arial;font-size:10pt;color:#212121;">of the </font><font style="font-family:Arial;font-size:10pt;color:#333333;">valua</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ti</font><font style="font-family:Arial;font-size:10pt;color:#333333;">on metho</font><font style="font-family:Arial;font-size:10pt;color:#212121;">dol</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">gi</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s u</font><font style="font-family:Arial;font-size:10pt;color:#333333;">sed fo</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r assets m</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">asur</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ed at f</font><font style="font-family:Arial;font-size:10pt;color:#212121;">air value is as follows:  </font></div><div style="line-height:120%;text-align:justify;padding-left:66px;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#212121;font-style:italic;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#212121;font-style:italic;">Collective trust funds: </font><font style="font-family:Arial;font-size:10pt;">Valued based on Net Asset Value ("NAV"), which approximates fair value as of </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;">&#32;and </font><font style="font-family:Arial;font-size:10pt;">2016</font><font style="font-family:Arial;font-size:10pt;">. Such basis is determined by reference to the respective fund&#8217;s underlying assets, which are primarily marketable equity and fixed income securities. </font></div><div style="line-height:120%;text-align:justify;padding-left:66px;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#212121;font-style:italic;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#212121;font-style:italic;">Mutual funds: </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Valu</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d at the daily </font><font style="font-family:Arial;font-size:10pt;color:#333333;">c</font><font style="font-family:Arial;font-size:10pt;color:#212121;">losing price as rep</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">rt</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d by the fund</font><font style="font-family:Arial;font-size:10pt;color:#020202;">. </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Mutual funds held by th</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Plan are open</font><font style="font-family:Arial;font-size:10pt;color:#020202;">-</font><font style="font-family:Arial;font-size:10pt;color:#212121;">end mutual fun</font><font style="font-family:Arial;font-size:10pt;color:#333333;">d</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s that are r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">gistered with the </font><font style="font-family:Arial;font-size:10pt;color:#333333;">S</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ecurities and E</font><font style="font-family:Arial;font-size:10pt;color:#333333;">xc</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ha</font><font style="font-family:Arial;font-size:10pt;color:#333333;">nge </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Commissi</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">n ("SEC"). T</font><font style="font-family:Arial;font-size:10pt;color:#333333;">hese </font><font style="font-family:Arial;font-size:10pt;color:#212121;">funds are r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">equi</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ed to </font><font style="font-family:Arial;font-size:10pt;color:#212121;">publish t</font><font style="font-family:Arial;font-size:10pt;color:#333333;">he</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ir d</font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ily </font><font style="font-family:Arial;font-size:10pt;color:#333333;">NAV </font><font style="font-family:Arial;font-size:10pt;color:#212121;">and </font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">n</font><font style="font-family:Arial;font-size:10pt;color:#333333;">s</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ac</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t at </font><font style="font-family:Arial;font-size:10pt;color:#212121;">tha</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t </font><font style="font-family:Arial;font-size:10pt;color:#212121;">pric</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">. Th</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e </font><font style="font-family:Arial;font-size:10pt;color:#212121;">m</font><font style="font-family:Arial;font-size:10pt;color:#333333;">u</font><font style="font-family:Arial;font-size:10pt;color:#212121;">tual funds </font><font style="font-family:Arial;font-size:10pt;color:#333333;">h</font><font style="font-family:Arial;font-size:10pt;color:#212121;">eld b</font><font style="font-family:Arial;font-size:10pt;color:#333333;">y </font><font style="font-family:Arial;font-size:10pt;color:#212121;">the Plan ar</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e de</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">med to </font><font style="font-family:Arial;font-size:10pt;color:#212121;">be acti</font><font style="font-family:Arial;font-size:10pt;color:#333333;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ly </font><font style="font-family:Arial;font-size:10pt;color:#212121;">tr</font><font style="font-family:Arial;font-size:10pt;color:#333333;">aded</font><font style="font-family:Arial;font-size:10pt;color:#212121;">.</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#333333;font-style:italic;">Stock fund</font><font style="font-family:Arial;font-size:10pt;color:#020202;font-style:italic;">: </font><font style="font-family:Arial;font-size:10pt;color:#444444;">V</font><font style="font-family:Arial;font-size:10pt;color:#212121;">al</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ue</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d at </font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">he </font><font style="font-family:Arial;font-size:10pt;color:#333333;">c</font><font style="font-family:Arial;font-size:10pt;color:#212121;">l</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ing p</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ice as re</font><font style="font-family:Arial;font-size:10pt;color:#212121;">p</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">rted on </font><font style="font-family:Arial;font-size:10pt;color:#333333;">the </font><font style="font-family:Arial;font-size:10pt;color:#212121;">a</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ctive </font><font style="font-family:Arial;font-size:10pt;color:#212121;">market on whi</font><font style="font-family:Arial;font-size:10pt;color:#333333;">c</font><font style="font-family:Arial;font-size:10pt;color:#212121;">h th</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e </font><font style="font-family:Arial;font-size:10pt;color:#212121;">individual s</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ec</font><font style="font-family:Arial;font-size:10pt;color:#212121;">u</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ri</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ties are </font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ra</font><font style="font-family:Arial;font-size:10pt;color:#333333;">d</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">d</font><font style="font-family:Arial;font-size:10pt;color:#212121;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#333333;font-style:italic;">B</font><font style="font-family:Arial;font-size:10pt;color:#212121;font-style:italic;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;font-style:italic;">ok</font><font style="font-family:Arial;font-size:10pt;color:#212121;font-style:italic;">erage acc</font><font style="font-family:Arial;font-size:10pt;color:#333333;font-style:italic;">ount</font><font style="font-family:Arial;font-size:10pt;color:#212121;font-style:italic;">: </font><font style="font-family:Arial;font-size:10pt;color:#333333;">Part</font><font style="font-family:Arial;font-size:10pt;color:#212121;">icipant-dir</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ected inve</font><font style="font-family:Arial;font-size:10pt;color:#212121;">stments that primarily </font><font style="font-family:Arial;font-size:10pt;color:#333333;">inclu</font><font style="font-family:Arial;font-size:10pt;color:#212121;">de c</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">mm</font><font style="font-family:Arial;font-size:10pt;color:#333333;">on </font><font style="font-family:Arial;font-size:10pt;color:#212121;">st</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ocks</font><font style="font-family:Arial;font-size:10pt;color:#212121;">, mutual funds, </font><font style="font-family:Arial;font-size:10pt;color:#333333;">and cash</font><font style="font-family:Arial;font-size:10pt;color:#212121;">. Common stocks are valued at </font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">he </font><font style="font-family:Arial;font-size:10pt;color:#333333;">c</font><font style="font-family:Arial;font-size:10pt;color:#212121;">l</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ing p</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ice as re</font><font style="font-family:Arial;font-size:10pt;color:#212121;">p</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">rted on </font><font style="font-family:Arial;font-size:10pt;color:#333333;">the </font><font style="font-family:Arial;font-size:10pt;color:#212121;">a</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ctive </font><font style="font-family:Arial;font-size:10pt;color:#212121;">market on whi</font><font style="font-family:Arial;font-size:10pt;color:#333333;">c</font><font style="font-family:Arial;font-size:10pt;color:#212121;">h th</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e </font><font style="font-family:Arial;font-size:10pt;color:#212121;">individual s</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ec</font><font style="font-family:Arial;font-size:10pt;color:#212121;">u</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ri</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ties are </font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ra</font><font style="font-family:Arial;font-size:10pt;color:#333333;">d</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">d</font><font style="font-family:Arial;font-size:10pt;color:#212121;">. Mutual funds are valued at the daily </font><font style="font-family:Arial;font-size:10pt;color:#333333;">c</font><font style="font-family:Arial;font-size:10pt;color:#212121;">losing price as rep</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">rt</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d by the fund</font><font style="font-family:Arial;font-size:10pt;color:#020202;">. </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Mutual funds held by th</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Plan are open</font><font style="font-family:Arial;font-size:10pt;color:#020202;">-</font><font style="font-family:Arial;font-size:10pt;color:#212121;">end mutual fun</font><font style="font-family:Arial;font-size:10pt;color:#333333;">d</font><font style="font-family:Arial;font-size:10pt;color:#212121;">s that are r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">gistered with the SEC. T</font><font style="font-family:Arial;font-size:10pt;color:#333333;">hese </font><font style="font-family:Arial;font-size:10pt;color:#212121;">funds are r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">equi</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ed to </font><font style="font-family:Arial;font-size:10pt;color:#212121;">publish t</font><font style="font-family:Arial;font-size:10pt;color:#333333;">he</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ir d</font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ily </font><font style="font-family:Arial;font-size:10pt;color:#333333;">NAV </font><font style="font-family:Arial;font-size:10pt;color:#212121;">and </font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">n</font><font style="font-family:Arial;font-size:10pt;color:#333333;">s</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ac</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t at </font><font style="font-family:Arial;font-size:10pt;color:#212121;">tha</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t </font><font style="font-family:Arial;font-size:10pt;color:#212121;">pric</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">. Th</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e </font><font style="font-family:Arial;font-size:10pt;color:#212121;">m</font><font style="font-family:Arial;font-size:10pt;color:#333333;">u</font><font style="font-family:Arial;font-size:10pt;color:#212121;">tual funds </font><font style="font-family:Arial;font-size:10pt;color:#333333;">h</font><font style="font-family:Arial;font-size:10pt;color:#212121;">eld b</font><font style="font-family:Arial;font-size:10pt;color:#333333;">y </font><font style="font-family:Arial;font-size:10pt;color:#212121;">the Plan ar</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e de</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">med to </font><font style="font-family:Arial;font-size:10pt;color:#212121;">be acti</font><font style="font-family:Arial;font-size:10pt;color:#333333;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ly </font><font style="font-family:Arial;font-size:10pt;color:#212121;">tr</font><font style="font-family:Arial;font-size:10pt;color:#333333;">aded</font><font style="font-family:Arial;font-size:10pt;color:#212121;">.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#212121;">T</font><font style="font-family:Arial;font-size:10pt;color:#333333;">h</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e methods desc</font><font style="font-family:Arial;font-size:10pt;color:#333333;">r</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ib</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d ab</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#444444;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e </font><font style="font-family:Arial;font-size:10pt;color:#333333;">m</font><font style="font-family:Arial;font-size:10pt;color:#212121;">a</font><font style="font-family:Arial;font-size:10pt;color:#333333;">y </font><font style="font-family:Arial;font-size:10pt;color:#212121;">pr</font><font style="font-family:Arial;font-size:10pt;color:#333333;">oduc</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e </font><font style="font-family:Arial;font-size:10pt;color:#333333;">a </font><font style="font-family:Arial;font-size:10pt;color:#212121;">f</font><font style="font-family:Arial;font-size:10pt;color:#333333;">air </font><font style="font-family:Arial;font-size:10pt;color:#212121;">value ca</font><font style="font-family:Arial;font-size:10pt;color:#333333;">lcu</font><font style="font-family:Arial;font-size:10pt;color:#212121;">lat</font><font style="font-family:Arial;font-size:10pt;color:#333333;">io</font><font style="font-family:Arial;font-size:10pt;color:#212121;">n that may not be </font><font style="font-family:Arial;font-size:10pt;color:#333333;">i</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ndicative of </font><font style="font-family:Arial;font-size:10pt;color:#333333;">n</font><font style="font-family:Arial;font-size:10pt;color:#212121;">et </font><font style="font-family:Arial;font-size:10pt;color:#333333;">r</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ealizable </font><font style="font-family:Arial;font-size:10pt;color:#333333;">va</font><font style="font-family:Arial;font-size:10pt;color:#212121;">lu</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e or re</font><font style="font-family:Arial;font-size:10pt;color:#212121;">flective </font><font style="font-family:Arial;font-size:10pt;color:#333333;">of </font><font style="font-family:Arial;font-size:10pt;color:#212121;">f</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ut</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ure fair values</font><font style="font-family:Arial;font-size:10pt;color:#333333;">. </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Furthermore</font><font style="font-family:Arial;font-size:10pt;color:#020202;">, </font><font style="font-family:Arial;font-size:10pt;color:#212121;">while t</font><font style="font-family:Arial;font-size:10pt;color:#333333;">h</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e Pla</font><font style="font-family:Arial;font-size:10pt;color:#333333;">n </font><font style="font-family:Arial;font-size:10pt;color:#212121;">belie</font><font style="font-family:Arial;font-size:10pt;color:#333333;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e</font><font style="font-family:Arial;font-size:10pt;color:#333333;">s </font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">ts </font><font style="font-family:Arial;font-size:10pt;color:#212121;">va</font><font style="font-family:Arial;font-size:10pt;color:#333333;">l</font><font style="font-family:Arial;font-size:10pt;color:#212121;">uation meth</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d</font><font style="font-family:Arial;font-size:10pt;color:#333333;">s are </font><font style="font-family:Arial;font-size:10pt;color:#212121;">appropriate and consistent with oth</font><font style="font-family:Arial;font-size:10pt;color:#333333;">er </font><font style="font-family:Arial;font-size:10pt;color:#212121;">market partici</font><font style="font-family:Arial;font-size:10pt;color:#333333;">p</font><font style="font-family:Arial;font-size:10pt;color:#212121;">ants</font><font style="font-family:Arial;font-size:10pt;color:#020202;">, </font><font style="font-family:Arial;font-size:10pt;color:#212121;">the use of dif</font><font style="font-family:Arial;font-size:10pt;color:#333333;">f</font><font style="font-family:Arial;font-size:10pt;color:#212121;">er</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">nt methodologies or assumptions to d</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">term</font><font style="font-family:Arial;font-size:10pt;color:#333333;">in</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e the fair </font><font style="font-family:Arial;font-size:10pt;color:#333333;">v</font><font style="font-family:Arial;font-size:10pt;color:#212121;">alue of certain fina</font><font style="font-family:Arial;font-size:10pt;color:#333333;">nc</font><font style="font-family:Arial;font-size:10pt;color:#212121;">i</font><font style="font-family:Arial;font-size:10pt;color:#333333;">a</font><font style="font-family:Arial;font-size:10pt;color:#212121;">l </font><font style="font-family:Arial;font-size:10pt;color:#333333;">i</font><font style="font-family:Arial;font-size:10pt;color:#212121;">nstruments cou</font><font style="font-family:Arial;font-size:10pt;color:#333333;">l</font><font style="font-family:Arial;font-size:10pt;color:#212121;">d result in a dif</font><font style="font-family:Arial;font-size:10pt;color:#333333;">fe</font><font style="font-family:Arial;font-size:10pt;color:#212121;">re</font><font style="font-family:Arial;font-size:10pt;color:#333333;">nt </font><font style="font-family:Arial;font-size:10pt;color:#212121;">fair value </font><font style="font-family:Arial;font-size:10pt;color:#333333;">me</font><font style="font-family:Arial;font-size:10pt;color:#212121;">a</font><font style="font-family:Arial;font-size:10pt;color:#333333;">su</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">m</font><font style="font-family:Arial;font-size:10pt;color:#333333;">e</font><font style="font-family:Arial;font-size:10pt;color:#212121;">nt at the rep</font><font style="font-family:Arial;font-size:10pt;color:#333333;">o</font><font style="font-family:Arial;font-size:10pt;color:#212121;">r</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">in</font><font style="font-family:Arial;font-size:10pt;color:#333333;">g </font><font style="font-family:Arial;font-size:10pt;color:#212121;">da</font><font style="font-family:Arial;font-size:10pt;color:#333333;">t</font><font style="font-family:Arial;font-size:10pt;color:#212121;">e.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#020202;">T</font><font style="font-family:Arial;font-size:10pt;color:#141414;">h</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e f</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ollowing tables set fort</font><font style="font-family:Arial;font-size:10pt;color:#262626;">h by </font><font style="font-family:Arial;font-size:10pt;color:#141414;">l</font><font style="font-family:Arial;font-size:10pt;color:#262626;">ev</font><font style="font-family:Arial;font-size:10pt;color:#141414;">e</font><font style="font-family:Arial;font-size:10pt;color:#020202;">l</font><font style="font-family:Arial;font-size:10pt;color:#141414;">, </font><font style="font-family:Arial;font-size:10pt;color:#262626;">w</font><font style="font-family:Arial;font-size:10pt;color:#141414;">it</font><font style="font-family:Arial;font-size:10pt;color:#262626;">hi</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n t</font><font style="font-family:Arial;font-size:10pt;color:#262626;">h</font><font style="font-family:Arial;font-size:10pt;color:#141414;">e fair value hierarchy</font><font style="font-family:Arial;font-size:10pt;color:#020202;">, </font><font style="font-family:Arial;font-size:10pt;color:#141414;">th</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e P</font><font style="font-family:Arial;font-size:10pt;color:#141414;">l</font><font style="font-family:Arial;font-size:10pt;color:#020202;">a</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n</font><font style="font-family:Arial;font-size:10pt;color:#020202;">'s </font><font style="font-family:Arial;font-size:10pt;color:#141414;">assets at fair value as </font><font style="font-family:Arial;font-size:10pt;color:#262626;">o</font><font style="font-family:Arial;font-size:10pt;color:#141414;">f </font><font style="font-family:Arial;font-size:10pt;color:#141414;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;color:#141414;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#141414;">2016</font><font style="font-family:Arial;font-size:10pt;color:#141414;">.</font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:30%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Assets at Fair Value as of December&#160;31, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Level 1</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Level 2</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Level 3</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Measured at NAV</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust funds</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">146,600,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">146,600,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual funds</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">120,025,236</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">120,025,236</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#141414;">Stock fund</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,660,440</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,660,440</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#020202;">Br</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ok</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">r</font><font style="font-family:Arial;font-size:10pt;color:#020202;">a</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ge account</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">758,079</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">758,079</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total assets at fair value</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">123,443,755</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">146,600,878</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">270,044,633</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">8</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS, Continued</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#020202;font-weight:bold;">D.</font></div></td><td style="vertical-align:top;padding-left:12px;"><div style="line-height:120%;text-align:center;font-size:10pt;text-indent:-12px;"><font style="font-family:Arial;font-size:10pt;color:#020202;font-weight:bold;">FAIR VALUE MEASUREMENTS (Concluded)</font></div></td></tr></table><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:30%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Assets at Fair Value as of December&#160;31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Level 1</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Level 2</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Level 3</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Measured at NAV</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust funds</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">118,424,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">118,424,816</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual funds</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">105,262,920</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">105,262,920</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Stock fund</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,887,286</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,887,286</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#020202;">Br</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ok</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">r</font><font style="font-family:Arial;font-size:10pt;color:#020202;">a</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ge account</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">622,618</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">622,618</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total assets at fair value</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">107,772,824</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">118,424,816</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">226,197,640</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes investments measured at fair value using the NAV per share practical expedient as of </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;">&#32;and </font><font style="font-family:Arial;font-size:10pt;">2016</font><font style="font-family:Arial;font-size:10pt;">. </font><font style="font-family:Arial;font-size:10pt;color:#212121;">Were the Plan to initiate a full redemption of the collective trust funds, the investment adviser reserves the right to temporarily delay withdrawal from the trust in order to ensure the securities liquidations will be carried out in an orderly business manner. </font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:44%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:10%;"></td><td style="width:10%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Fair Value at December 31, </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">2017</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Unfunded Commitments</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Redemption Frequency</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Redemption Notice Period</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-style:italic;">Collective trust funds:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Small Capitalization Core Commingled Pool Class D</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">3,041,483</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">2,749,220</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Fidelity&#174; Diversified International Commingled Pool</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">6,286,858</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">5,330,677</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">90 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Fidelity&#174; Low-Priced Stock Commingled Pool</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">6,965,968</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">4,446,808</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">90 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2005 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">145,512</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">125,634</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2010 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">1,124,099</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">1,069,024</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2015 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">3,636,255</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">3,731,197</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2020 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">14,005,301</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">12,156,528</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2025 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">18,315,767</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">14,804,233</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2030 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">22,358,525</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">17,740,674</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2035 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">18,588,051</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">14,408,873</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2040 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">14,312,787</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">11,580,473</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2045 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">11,887,271</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">9,071,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2050 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">7,406,075</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">5,838,308</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2055 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">4,646,897</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">3,184,910</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date 2060 Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">2,181,773</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">1,132,708</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Target Date Income Commingled Pool Class X</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">452,004</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">501,484</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">FIAM Core Plus Commingled Pool Class K</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">11,246,252</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">10,552,315</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">None</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Daily</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">30 days</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">Total investments measured at NAV</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">146,600,878</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;">118,424,816</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><a name="s85D4B91C1E05094E05011B4C0106711C"></a></div><table cellpadding="0" cellspacing="0" style="padding-top:0px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">E.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">INCOME TAX STATUS</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:0px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The IRS determined and informed the Company by letter dated March 31, 2014 that the Plan is designed in accordance with the applicable sections of the Internal Revenue Code ("Code"). The Plan has since been amended; however, the Plan administrator believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the Code. Therefore, no provision for income taxes has been included in the Plan's financial statements. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#020202;">Acco</font><font style="font-family:Arial;font-size:10pt;color:#141414;">un</font><font style="font-family:Arial;font-size:10pt;color:#020202;">ti</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ng p</font><font style="font-family:Arial;font-size:10pt;color:#020202;">r</font><font style="font-family:Arial;font-size:10pt;color:#141414;">inciples generall</font><font style="font-family:Arial;font-size:10pt;color:#262626;">y </font><font style="font-family:Arial;font-size:10pt;color:#141414;">ac</font><font style="font-family:Arial;font-size:10pt;color:#262626;">c</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ep</font><font style="font-family:Arial;font-size:10pt;color:#262626;">t</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ed </font><font style="font-family:Arial;font-size:10pt;color:#020202;">i</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n the United States of Ame</font><font style="font-family:Arial;font-size:10pt;color:#020202;">ri</font><font style="font-family:Arial;font-size:10pt;color:#141414;">c</font><font style="font-family:Arial;font-size:10pt;color:#020202;">a require Pla</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n m</font><font style="font-family:Arial;font-size:10pt;color:#020202;">a</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n</font><font style="font-family:Arial;font-size:10pt;color:#020202;">age</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ment to evaluate tax pos</font><font style="font-family:Arial;font-size:10pt;color:#020202;">i</font><font style="font-family:Arial;font-size:10pt;color:#141414;">t</font><font style="font-family:Arial;font-size:10pt;color:#020202;">i</font><font style="font-family:Arial;font-size:10pt;color:#262626;">o</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ns taken b</font><font style="font-family:Arial;font-size:10pt;color:#262626;">y </font><font style="font-family:Arial;font-size:10pt;color:#141414;">the Plan and recogn</font><font style="font-family:Arial;font-size:10pt;color:#020202;">ize a tax liabili</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ty if the Plan has take</font><font style="font-family:Arial;font-size:10pt;color:#262626;">n </font><font style="font-family:Arial;font-size:10pt;color:#141414;">an uncer</font><font style="font-family:Arial;font-size:10pt;color:#020202;">t</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ai</font><font style="font-family:Arial;font-size:10pt;color:#262626;">n </font><font style="font-family:Arial;font-size:10pt;color:#141414;">position that more l</font><font style="font-family:Arial;font-size:10pt;color:#020202;">i</font><font style="font-family:Arial;font-size:10pt;color:#141414;">k</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ly </font><font style="font-family:Arial;font-size:10pt;color:#020202;">t</font><font style="font-family:Arial;font-size:10pt;color:#141414;">h</font><font style="font-family:Arial;font-size:10pt;color:#020202;">an not would </font><font style="font-family:Arial;font-size:10pt;color:#141414;">not b</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e s</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ustained upon exa</font><font style="font-family:Arial;font-size:10pt;color:#262626;">m</font><font style="font-family:Arial;font-size:10pt;color:#141414;">inat</font><font style="font-family:Arial;font-size:10pt;color:#020202;">i</font><font style="font-family:Arial;font-size:10pt;color:#262626;">o</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n b</font><font style="font-family:Arial;font-size:10pt;color:#262626;">y </font><font style="font-family:Arial;font-size:10pt;color:#141414;">the IRS. The Plan admini</font><font style="font-family:Arial;font-size:10pt;color:#020202;">s</font><font style="font-family:Arial;font-size:10pt;color:#141414;">t</font><font style="font-family:Arial;font-size:10pt;color:#020202;">rator has anal</font><font style="font-family:Arial;font-size:10pt;color:#141414;">y</font><font style="font-family:Arial;font-size:10pt;color:#020202;">zed </font><font style="font-family:Arial;font-size:10pt;color:#141414;">th</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e </font><font style="font-family:Arial;font-size:10pt;color:#141414;">tax positions take</font><font style="font-family:Arial;font-size:10pt;color:#262626;">n </font><font style="font-family:Arial;font-size:10pt;color:#141414;">b</font><font style="font-family:Arial;font-size:10pt;color:#262626;">y </font><font style="font-family:Arial;font-size:10pt;color:#020202;">t</font><font style="font-family:Arial;font-size:10pt;color:#141414;">he Pla</font><font style="font-family:Arial;font-size:10pt;color:#262626;">n</font><font style="font-family:Arial;font-size:10pt;color:#020202;">, </font><font style="font-family:Arial;font-size:10pt;color:#141414;">and has conclud</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">d </font><font style="font-family:Arial;font-size:10pt;color:#020202;">t</font><font style="font-family:Arial;font-size:10pt;color:#141414;">h</font><font style="font-family:Arial;font-size:10pt;color:#020202;">at as of </font><font style="font-family:Arial;font-size:10pt;color:#020202;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;color:#020202;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#020202;">2016</font><font style="font-family:Arial;font-size:10pt;color:#020202;">, </font><font style="font-family:Arial;font-size:10pt;color:#141414;">there are n</font><font style="font-family:Arial;font-size:10pt;color:#262626;">o </font><font style="font-family:Arial;font-size:10pt;color:#141414;">un</font><font style="font-family:Arial;font-size:10pt;color:#262626;">c</font><font style="font-family:Arial;font-size:10pt;color:#141414;">e</font><font style="font-family:Arial;font-size:10pt;color:#020202;">rt</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ai</font><font style="font-family:Arial;font-size:10pt;color:#262626;">n </font><font style="font-family:Arial;font-size:10pt;color:#141414;">positions taken or exp</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ct</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">d to </font><font style="font-family:Arial;font-size:10pt;color:#020202;">be taken that </font><font style="font-family:Arial;font-size:10pt;color:#141414;">would r</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">qu</font><font style="font-family:Arial;font-size:10pt;color:#020202;">i</font><font style="font-family:Arial;font-size:10pt;color:#141414;">re recognition of a </font><font style="font-family:Arial;font-size:10pt;color:#020202;">li</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ab</font><font style="font-family:Arial;font-size:10pt;color:#020202;">ili</font><font style="font-family:Arial;font-size:10pt;color:#141414;">t</font><font style="font-family:Arial;font-size:10pt;color:#262626;">y </font><font style="font-family:Arial;font-size:10pt;color:#141414;">or disclosure </font><font style="font-family:Arial;font-size:10pt;color:#020202;">i</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n th</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e financial state</font><font style="font-family:Arial;font-size:10pt;color:#141414;">m</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n</font><font style="font-family:Arial;font-size:10pt;color:#020202;">ts.  </font><font style="font-family:Arial;font-size:10pt;color:#141414;">The Plan is subject to </font><font style="font-family:Arial;font-size:10pt;color:#020202;">r</font><font style="font-family:Arial;font-size:10pt;color:#262626;">o</font><font style="font-family:Arial;font-size:10pt;color:#020202;">u</font><font style="font-family:Arial;font-size:10pt;color:#141414;">tine audits by taxing ju</font><font style="font-family:Arial;font-size:10pt;color:#020202;">risdictions; ho</font><font style="font-family:Arial;font-size:10pt;color:#141414;">w</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">v</font><font style="font-family:Arial;font-size:10pt;color:#020202;">er, </font><font style="font-family:Arial;font-size:10pt;color:#141414;">th</font><font style="font-family:Arial;font-size:10pt;color:#020202;">e</font><font style="font-family:Arial;font-size:10pt;color:#141414;">re </font><font style="font-family:Arial;font-size:10pt;color:#020202;">a</font><font style="font-family:Arial;font-size:10pt;color:#141414;">re currently no audi</font><font style="font-family:Arial;font-size:10pt;color:#020202;">t</font><font style="font-family:Arial;font-size:10pt;color:#141414;">s f</font><font style="font-family:Arial;font-size:10pt;color:#262626;">o</font><font style="font-family:Arial;font-size:10pt;color:#020202;">r </font><font style="font-family:Arial;font-size:10pt;color:#141414;">an</font><font style="font-family:Arial;font-size:10pt;color:#262626;">y </font><font style="font-family:Arial;font-size:10pt;color:#141414;">tax period in prog</font><font style="font-family:Arial;font-size:10pt;color:#020202;">ress.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></div><hr style="page-break-after:always"><div><a name="s3776FC004C0E10D8B6B51B4C0106394B"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">NOTES TO FINANCIAL STATEMENTS, Concluded</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">F.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">PLAN TERMINATION</font></div></td></tr></table><div style="line-height:120%;padding-top:1px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">Altho</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ugh the </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">Company has not </font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">xpressed an </font><font style="font-family:Arial;font-size:10pt;color:#464646;">i</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">n</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">nt </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">to do so</font><font style="font-family:Arial;font-size:10pt;color:#181818;">, </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">the Com</font><font style="font-family:Arial;font-size:10pt;color:#181818;">pany </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">h</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">s the right </font><font style="font-family:Arial;font-size:10pt;color:#181818;">at an</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">y time to discontinue its contribu</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ti</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">on</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">d to terminat</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e t</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">h</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">Plan</font><font style="font-family:Arial;font-size:10pt;color:#181818;">, </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">subjec</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t to </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">the provisions of ERISA</font><font style="font-family:Arial;font-size:10pt;color:#181818;">. </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">At the date o</font><font style="font-family:Arial;font-size:10pt;color:#181818;">f </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">y such termin</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">t</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">on</font><font style="font-family:Arial;font-size:10pt;color:#181818;">, </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">all partic</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ipan</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">t</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">would become fully vested in their accounts and the Adm</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ini</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">st</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ative Committ</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ee </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">of the Pl</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">n shall direct the </font><font style="font-family:Arial;font-size:10pt;color:#181818;">T</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">r</font><font style="font-family:Arial;font-size:10pt;color:#181818;">u</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">s</font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ee to</font><font style="font-family:Arial;font-size:9pt;color:#2a2a2a;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">dist</font><font style="font-family:Arial;font-size:10pt;color:#181818;">rib</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ut</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">to the participant</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">all assets of th</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">Plan</font><font style="font-family:Arial;font-size:10pt;color:#040404;">, </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">net of any t</font><font style="font-family:Arial;font-size:10pt;color:#181818;">er</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">minatio</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">expen</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">w</font><font style="font-family:Arial;font-size:10pt;color:#181818;">hi</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ch wi</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ll </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">be prorat</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">d among the partici</font><font style="font-family:Arial;font-size:10pt;color:#181818;">pa</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">nts</font><font style="font-family:Arial;font-size:10pt;color:#040404;">' </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">accou</font><font style="font-family:Arial;font-size:10pt;color:#464646;">n</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ts</font><font style="font-family:Arial;font-size:10pt;color:#181818;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><a name="s9D043DD42A48670646851B4C01259C05"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">G.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">RELATED PARTY TRANSACTIONS</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">Cert</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ain Plan </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">invest</font><font style="font-family:Arial;font-size:10pt;color:#181818;">m</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ents a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">e in </font><font style="font-family:Arial;font-size:10pt;color:#181818;">shar</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">es of </font><font style="font-family:Arial;font-size:10pt;color:#181818;">collective trust funds</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#181818;">m</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">utual funds managed by Fidel</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ity</font><font style="font-family:Arial;font-size:10pt;color:#040404;">. </font><font style="font-family:Arial;font-size:10pt;color:#181818;">Fid</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">e</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ity is </font><font style="font-family:Arial;font-size:10pt;color:#181818;">also the T</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">rustee as defin</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ed </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">by </font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">he P</font><font style="font-family:Arial;font-size:10pt;color:#181818;">l</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">an and</font><font style="font-family:Arial;font-size:10pt;color:#181818;">, </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">th</font><font style="font-family:Arial;font-size:10pt;color:#181818;">eref</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ore</font><font style="font-family:Arial;font-size:10pt;color:#181818;">, </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">these purch</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ases and </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">sales qual</font><font style="font-family:Arial;font-size:10pt;color:#181818;">ify as pa</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">rty-in-interest transactions</font><font style="font-family:Arial;font-size:10pt;color:#040404;">. </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">The</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">e were no fees paid </font><font style="font-family:Arial;font-size:10pt;color:#181818;">by the </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">Pla</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">for </font><font style="font-family:Arial;font-size:10pt;color:#181818;">in</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">v</font><font style="font-family:Arial;font-size:10pt;color:#181818;">est</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">m</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">nt management </font><font style="font-family:Arial;font-size:10pt;color:#181818;">ser</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">v</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ces for the year ended </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;color:#040404;">. </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">Notes receiv</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">b</font><font style="font-family:Arial;font-size:10pt;color:#181818;">le </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">f</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">om participant</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s ar</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">e also considered party</font><font style="font-family:Arial;font-size:10pt;color:#181818;">-i</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">n</font><font style="font-family:Arial;font-size:10pt;color:#181818;">-</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">interest </font><font style="font-family:Arial;font-size:10pt;color:#181818;">t</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">ran</font><font style="font-family:Arial;font-size:10pt;color:#181818;">s</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">actions.</font></div><div style="line-height:120%;padding-top:0px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">The Pla</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">inv</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">sts in a Masco Co</font><font style="font-family:Arial;font-size:10pt;color:#181818;">r</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">poration Common Stock Fund</font><font style="font-family:Arial;font-size:10pt;color:#040404;">. </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">As of </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">&#32;a</font><font style="font-family:Arial;font-size:10pt;color:#181818;">n</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">d </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">2016</font><font style="font-family:Arial;font-size:10pt;color:#181818;">, t</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">h</font><font style="font-family:Arial;font-size:10pt;color:#181818;">e </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">v</font><font style="font-family:Arial;font-size:10pt;color:#181818;">a</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">lue of the Masco Corporation Comm</font><font style="font-family:Arial;font-size:10pt;color:#464646;">o</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">n Stock Fund was </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">$2,660,440</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">$1,887,286</font><font style="font-family:Arial;font-size:10pt;color:#181818;">, </font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">respect</font><font style="font-family:Arial;font-size:10pt;color:#181818;">i</font><font style="font-family:Arial;font-size:10pt;color:#2a2a2a;">vely</font><font style="font-family:Arial;font-size:10pt;color:#181818;">. For the year ended </font><font style="font-family:Arial;font-size:10pt;color:#181818;">December&#160;31, 2017</font><font style="font-family:Arial;font-size:10pt;color:#181818;">, the Masco Corporation Common Stock Fund appreciated in value by </font><font style="font-family:Arial;font-size:10pt;color:#181818;">$734,856</font><font style="font-family:Arial;font-size:10pt;color:#181818;">&#32;and earned interest and dividend income of </font><font style="font-family:Arial;font-size:10pt;color:#181818;">$24,133</font><font style="font-family:Arial;font-size:10pt;color:#181818;">. </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><a name="s0E523AC511CB08A5BFB21B4C0154D6DC"></a></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">H</font><font style="font-family:Arial;font-size:10pt;color:#181818;font-weight:bold;">.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#040404;font-weight:bold;">RECONCILIATION OF PLAN'S FINANCIAL STATEMENTS TO FORM 5500</font></div></td></tr></table><div style="line-height:120%;padding-top:0px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#181818;"></font><font style="font-family:Arial;font-size:10pt;">Participant loans are shown net of deemed distributions on the Form 5500.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#181818;">The following is a reconciliation of net assets per the financial statements to the Form 5500:</font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:68%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">As of December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net assets available for benefits per the financial statements</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">296,052,927</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">249,166,427</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Less: Deemed distributions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">179,568</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">110,361</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net assets per the Form 5500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">295,873,359</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">249,056,066</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following is a reconciliation of the net increase in net assets available for benefits per the financial statements to net income per the Form 5500 for the year ended December 31:</font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:84%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">2017</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net increase in net assets available for benefits per the financial statements</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">48,398,147</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Less: Change in deemed distributions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">69,207</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Net income per the Form 5500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">48,328,940</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10</font></div></div><hr style="page-break-after:always"><div><a name="s19375F40B729317B5E801B4BFE96DE89"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">December 31, 2017</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="11"></td></tr><tr><td style="width:4%;"></td><td style="width:1%;"></td><td style="width:39%;"></td><td style="width:1%;"></td><td style="width:33%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(a)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(b)</font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">&#160;Identity of Issue, </font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Borrower or </font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Similar Party</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(c)</font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par or Maturity Value and Number of Shares Outstanding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(d) </font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Cost*</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(e) </font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Current Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Artisan Mid Cap Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">101,949 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:top;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4,229,871</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">JP Morgan Mid Cap Value Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">192,381 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7,749,112</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vanguard Wellington Fund</font><font style="font-family:Arial;font-size:10pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">&#8482;</sub></font><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;- Admiral&#8482; Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">333,525 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">24,207,275</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dodge &amp; Cox Stock Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">30,574 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,225,127</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Harbor Capital Appreciation Fund </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">280,395 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">19,470,642</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; Extended Market Index Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;- Premium Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9,677 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">600,449</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; Institutional Money Market </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Government Portfolio - Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">24,331,724 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">24,331,724</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; Independence Fund - Class K</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">282,656 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10,543,080</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; 500 Index Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">158,259 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14,789,286</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; 500 Index Institutional Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;- Premium Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1 share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">45</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; Emerging Markets Fund - Class K</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">93,293 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3,056,281</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; International Index Fund   </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">50,505 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,180,844</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; U.S. Bond Index Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">227,860 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,640,891</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">PIMCO Total Return Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mutual Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;- Institutional Class</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">59 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">609</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; Diversified International </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">482,121 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,286,858</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity&#174; Low-Priced Stock</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">486,111 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6,965,968</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Small Capitalization Core</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class D</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">25,529 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3,041,481</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date Income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">32,778 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">452,004</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Core Plus</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class K</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">566,562 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11,246,252</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR), Concluded</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">December 31, 2017</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="11"></td></tr><tr><td style="width:4%;"></td><td style="width:1%;"></td><td style="width:39%;"></td><td style="width:1%;"></td><td style="width:33%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:11%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(a)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(b)</font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">&#160;Identity of Issue, </font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Borrower or </font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Similar Party</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(c)</font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par or Maturity Value and Number of Shares Outstanding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(d) </font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Cost*</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(e) </font></div><div style="text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">Current Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2005 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9,805 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">145,512</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2010 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">69,777 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,124,099</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2015 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">221,723 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3,636,255</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2020 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">866,128 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14,005,302</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2025 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,085,057 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">18,315,767</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2030 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,330,865 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">22,358,525</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2035 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,063,390 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">18,588,051</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2040 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">828,766 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14,312,787</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2045 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">684,751 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11,887,271</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2050 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">432,851 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7,406,075</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2055 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">253,237 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4,646,898</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FIAM Target Date 2060 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Collective trust fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Commingled Pool Class X</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">177,380 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,181,773</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Masco Corporation Company Stock Fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Stock fund</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">60,547 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,660,440</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fidelity BrokerageLink&#174;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Brokerage account</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">758,079 shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">758,079</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">**</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Notes Receivable from Participants</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Ranging 1-15 years maturity with</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rates of Interest, 3.25% - 8.25%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">20,966,793</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:top;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">291,011,426</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">* </font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">His</font><font style="font-family:Arial;font-size:9pt;color:#313131;">t</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">orical cost informa</font><font style="font-family:Arial;font-size:9pt;color:#313131;">tio</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">n </font><font style="font-family:Arial;font-size:9pt;color:#313131;">is no</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">t req</font><font style="font-family:Arial;font-size:9pt;color:#313131;">u</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">ir</font><font style="font-family:Arial;font-size:9pt;color:#313131;">ed on </font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">t</font><font style="font-family:Arial;font-size:9pt;color:#313131;">he Sch</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">edule </font><font style="font-family:Arial;font-size:9pt;color:#313131;">o</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">f </font><font style="font-family:Arial;font-size:9pt;color:#313131;">As</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">se</font><font style="font-family:Arial;font-size:9pt;color:#313131;">ts </font><font style="font-family:Arial;font-size:9pt;color:#444444;">(</font><font style="font-family:Arial;font-size:9pt;color:#313131;">He</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">l</font><font style="font-family:Arial;font-size:9pt;color:#313131;">d a</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">t En</font><font style="font-family:Arial;font-size:9pt;color:#313131;">d o</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">f Year</font><font style="font-family:Arial;font-size:9pt;color:#313131;">) </font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">for </font><font style="font-family:Arial;font-size:9pt;color:#313131;">par</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">t</font><font style="font-family:Arial;font-size:9pt;color:#313131;">ic</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">ipant-directed </font><font style="font-family:Arial;font-size:9pt;color:#313131;">in</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">v</font><font style="font-family:Arial;font-size:9pt;color:#313131;">es</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">tme</font><font style="font-family:Arial;font-size:9pt;color:#313131;">nts</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">** Th</font><font style="font-family:Arial;font-size:9pt;color:#313131;">ese inv</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">estments are </font><font style="font-family:Arial;font-size:9pt;color:#313131;">with a party</font><font style="font-family:Arial;font-size:9pt;color:#020202;">-</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">i</font><font style="font-family:Arial;font-size:9pt;color:#313131;">n</font><font style="font-family:Arial;font-size:9pt;color:#1f1f1f;">-interes</font><font style="font-family:Arial;font-size:9pt;color:#313131;">t.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">12</font></div></div><hr style="page-break-after:always"><div><a name="sB1A79306C42704A1DC731B4C01B206EA"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">SIGNATURE</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#141414;font-style:italic;">The Plan</font><font style="font-family:Arial;font-size:10pt;color:#050505;font-style:italic;">.</font><font style="font-family:Arial;font-size:9pt;color:#050505;font-style:italic;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#141414;">Pursuant to t</font><font style="font-family:Arial;font-size:10pt;color:#262626;">h</font><font style="font-family:Arial;font-size:10pt;color:#141414;">e re</font><font style="font-family:Arial;font-size:10pt;color:#262626;">qu</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ire</font><font style="font-family:Arial;font-size:10pt;color:#262626;">m</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ents </font><font style="font-family:Arial;font-size:10pt;color:#262626;">o</font><font style="font-family:Arial;font-size:10pt;color:#141414;">f t</font><font style="font-family:Arial;font-size:10pt;color:#262626;">h</font><font style="font-family:Arial;font-size:10pt;color:#141414;">e Sec</font><font style="font-family:Arial;font-size:10pt;color:#262626;">u</font><font style="font-family:Arial;font-size:10pt;color:#141414;">rities Exchange Act o</font><font style="font-family:Arial;font-size:10pt;color:#050505;">f </font><font style="font-family:Arial;font-size:10pt;color:#141414;">1</font><font style="font-family:Arial;font-size:10pt;color:#050505;">934, the tr</font><font style="font-family:Arial;font-size:10pt;color:#141414;">u</font><font style="font-family:Arial;font-size:10pt;color:#050505;">s</font><font style="font-family:Arial;font-size:10pt;color:#141414;">t</font><font style="font-family:Arial;font-size:10pt;color:#050505;">ees </font><font style="font-family:Arial;font-size:10pt;color:#141414;">(or other persons </font><font style="font-family:Arial;font-size:10pt;color:#262626;">who </font><font style="font-family:Arial;font-size:10pt;color:#141414;">adm</font><font style="font-family:Arial;font-size:10pt;color:#050505;">i</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n</font><font style="font-family:Arial;font-size:10pt;color:#050505;">i</font><font style="font-family:Arial;font-size:10pt;color:#141414;">s</font><font style="font-family:Arial;font-size:10pt;color:#050505;">t</font><font style="font-family:Arial;font-size:10pt;color:#141414;">er the employee benefit plan) h</font><font style="font-family:Arial;font-size:10pt;color:#050505;">a</font><font style="font-family:Arial;font-size:10pt;color:#141414;">v</font><font style="font-family:Arial;font-size:10pt;color:#050505;">e duly caused t</font><font style="font-family:Arial;font-size:10pt;color:#141414;">h</font><font style="font-family:Arial;font-size:10pt;color:#050505;">is a</font><font style="font-family:Arial;font-size:10pt;color:#141414;">nnual report to be sig</font><font style="font-family:Arial;font-size:10pt;color:#262626;">n</font><font style="font-family:Arial;font-size:10pt;color:#141414;">ed </font><font style="font-family:Arial;font-size:10pt;color:#262626;">o</font><font style="font-family:Arial;font-size:10pt;color:#141414;">n i</font><font style="font-family:Arial;font-size:10pt;color:#262626;">t</font><font style="font-family:Arial;font-size:10pt;color:#141414;">s behalf by the undersigned h</font><font style="font-family:Arial;font-size:10pt;color:#050505;">ere</font><font style="font-family:Arial;font-size:10pt;color:#141414;">u</font><font style="font-family:Arial;font-size:10pt;color:#050505;">nto duly authorize</font><font style="font-family:Arial;font-size:10pt;color:#141414;">d</font><font style="font-family:Arial;font-size:10pt;color:#050505;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:7%;"></td><td style="width:14%;"></td><td style="width:5%;"></td><td style="width:74%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Masco Corporation Hourly 401(k) Plan</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Masco Corporation, Plan Administrator of the Masco Corporation Hourly 401(k) Plan</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:7%;"></td><td style="width:14%;"></td><td style="width:5%;"></td><td style="width:74%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Date:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">June 8, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ John G. Sznewajs</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">John G. Sznewajs</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President, Chief Financial Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Authorized Signatory</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">13</font></div></div><hr style="page-break-after:always"><div><a name="s55C56D4666166DACEEFB1B4C01D113D2"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MASCO CORPORATION HOURLY 401(k) PLAN</font></div><div style="line-height:120%;text-align:center;-sec-extract:summary;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXHIBIT INDEX</font></div><div style="line-height:120%;-sec-extract:summary;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;-sec-extract:summary;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;-sec-extract:summary;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:89%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Exhibit Number</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Description</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit231_hourlyx2017.htm"><font style="font-family:Arial;font-size:10pt;">23</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Consent of Grant Thornton LLP relating to the Plan's financial statements</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;-sec-extract:summary;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14</font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>2
<FILENAME>exhibit231_hourlyx2017.htm
<DESCRIPTION>EXHIBIT 23
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2018 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s0D22AC1F2480056CDDA51B4C049EBDAC"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We have issued our report dated June 8, 2018, with respect to the financial statements and supplemental information included in the Annual Report of Masco Corporation Hourly 401(k) Plan on Form 11-K for the year ended December 31, 2017. We consent to the incorporation by reference of said report in the Registration Statements of Masco Corporation on Form S-8 (File No. 333-30867). </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Grant Thornton LLP </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Southfield, Michigan</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">June 8, 2018</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
