Reminder – review your 401(k) plan vacation deferral election before 1/29/2010

Dear ILWU-PMA Savings (401(k)) Plan Participant,

Reminder – it’s time to review your 401(k) plan deferral election for your vacation paycheck.

The options for your vacation pay contributions to the ILWU-PMA Savings (401(k)) Plan are:

  • Make a contribution to the 401(k) plan based on the vacation pay hourly rate or percentage election currently on file at Fidelity (no action required)
  • Elect a different hourly rate or percentage for contributions made from your vacation paycheck
  • Elect to not contribute any portion of your vacation pay to the Plan

If you want to change your current election in any way, or if you have never made a prior election and want to start, you must contact Fidelity Investments no later than 12:30 p.m. PT on Friday, January 29, 2010 to make your election be effective.

Please note that you must be an active dockworker in order to make a vacation deferral contribution to the Plan.

Your election can be made online through NetBenefits at www.fidelity.com/atwork or by contacting a Fidelity Investments representative at 1-800-761-ILWU (4598).

This will be your only notice to update your elections.