401(k) Savings


Eligibility	Generally, you are eligible to participate in the plan if you are an active employee working in the United States or are an active U.S. employee temporarily working abroad.
Enrolling	When you become eligible, you are automatically enrolled in the plan. Contributions equal to 3% of your eligible pay will be deducted from your pay approximately 60 days after your hire date and will be invested in the Retirement Asset Fund III. You can change your contribution rate and your investment choices at any time. If you do not wish to contribute to the plan, you must visit Your Benefits Resources and change the 3% contribution rate to 0%.
Your Contributions	Through payroll deductions, you can contribute any whole percentage up to 25% of your eligible compensation, subject to IRS limits and plan limits. You may make contributions on a tax-deferred basis or on an after-tax basis, or as a combination of both. Enrollment and contribution rate elections are processed twice monthly and will take effect within one to two payroll periods. IRS annual maximums and plan contribution limits may affect how much you can contribute.
Catch-Up Contributions	If you will be age 50 or older in 2008, you may be eligible to make additional pre-tax contributions to your 401(k) account, called "catch-up" contributions. For more information, see "Employee Contributions" in the 401(k) Savings section. Your catch-up contributions will be invested with your regular 401(k) contributions.
Corporation Matching Contributions	The Corporation matches the first 6% of your tax-deferred contributions to the plan. The Corporation matches the first 3% you contribute dollar for dollar. The match on the next 3% you contribute is $0.50 on the dollar.
When Contributions Vest	You are always vested in your own contributions and the earnings on them. You are immediately vested in any Corporation matching contributions.
Investing Your Savings	You decide how the money in your plan account is invested, choosing from among 13 investment options and allocating your savings in whole percentages.
When You Can Receive a Distribution	The plan is designed to help you save for your retirement. You are eligible to receive a distribution of your account balance: when you retire, if you become totally disabled, or when you leave the Corporation. Your beneficiary is entitled to a distribution in the event of your death. You can withdraw the after-tax portion of your savings up to two times a year. You can change your investment elections at any time.
Hardship Withdrawals and Hardship Loans While You Are Still Working	In certain approved situations of financial hardship, you may be able to access your tax-deferred savings before retirement. In exchange for the special tax advantages you receive as a participant in the plan, certain restrictions and tax penalties may apply. You will be required to submit documentation supporting your hardship request. To review the events that qualify as a "hardship" and to understand how a hardship loan differs from a hardship withdrawal, visit Your Benefits Resources ® and select "Withdrawals" from the Find It Fast drop down menu.
Your Beneficiary	When you enroll, you name a beneficiary to receive your plan balance in the event of your death. This is an important step that you need to take to ensure your beneficiary receives the proper benefits in the event of your death. If you are married, your spouse is automatically your beneficiary. To change your beneficiary, complete and submit a new form. Forms are available by visiting Your Benefits Resources or by calling 1-866-477-6820.