Plan Provisions

Basic features of your Supplemental Income 401(k) Plan include:

Eligibility: You are eligible to participate according to the terms contained in the Collective Bargaining Agreement between your employer and union.

Contributions: Contributions (wages deferred by you to your plan account) are made on an hourly basis, as a flat amount per pay period, or as a percentage of your wages. How you contribute, hourly, flat amount, or a percentage of wages, is determined by your employer and union through the Collective Bargaining Agreement. The Agreement may also require your employer to contribute too, but in no event can total contributions to your plan account in any year exceed 25% of gross income and your wage deferrals cannot exceed $12,000 in 2003 (increasing by $1,000 annually to $15,500 in 2007). If you are age 50 or over you will also be able to make additional catch-up contributions. In 2007, this amount is $5,000.

Rollover Contributions: You can easily roll over plan distributions from other tax-qualified plans (like your 401(k) Plan from a previous job) into your Supplemental Income 401(k) Plan account.

Contribution Changes: You can change the amount you contribute to the Plan as of the first day of any plan quarter, provided you give your employer at least 30 days advance notice.

Vesting: All contributions are 100% vested as soon as they are made.

Daily Valuation: Your account changes in value every day based on the performance of the mutual funds you have selected. The values of those funds are listed in most newspapers daily. You can also call the toll-free number 1 (800) 560-3243 at any time (24-hours a day, 7 days a week) to check your account balance and change how your contributions are allocated among the funds.

Quarterly Participation Statement: Every three months you will receive an easy-to-read statement summarizing the status of your account.

Distributions: Distributions are available upon retirement, termination of employment, hardship, disability, or death.

Retirement: Early retirement is at age 55 and normal retirement is at age 65. Postponed retirement contributions can continue until actual retirement date. And there is a special age 59 ½ provisions that permits retirement payments prior to actual retirement.

Loans: You can request a loan after being in the Plan for one year, with a minimum balance of $5,000 in your account.