SECTION I. TYPE OF PLAN

The Plan is a multi-employer, collectively bargained profit sharing/401(k) plan (also known as a defined contribution plan or individual account plan). The Plan, which was established as of January 1, 2007, is a successor plan to the Northern California Electrical Workers Money Purchase Plan which was established as of January 1, 1980 and amended several times over the years. The Plan has most recently been restated as of January 1, 2007 although several provisions may have different effective dates as required by the Internal Revenue Service.

The Plan is funded with Employer contributions and elective Employee contributions also known as 401(k) elective deferral contributions. Under the Plan you will have an individual account in your name and social security number. The amount of your retirement benefits will depend upon the amount of future Employer contributions made on your behalf, the amount of your elective deferral contributions, if any, and the sum of your individual account earnings (less expenses allocated to your account).

The Plan is governed by a federal law known as the Employee Retirement Income Security Act ("ERISA"). The Plan is not, however insured under ERISA's Pension Benefit Guaranty Corporation ("PBGC"), which applies only to defined benefit pension plans. Thus, there is no federal guaranty or protection if the market value of your individual account decreases in value.