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Retirement Savings Plan Design Element

D. MONTHLY EMPLOYER TRANSMITTALS.

Your Employer is required to make contributions for your hours of work by the 15th day of the month succeeding the month in which your hours of work were performed. An exception to this “due date” occurs when your Employer reports to the Plan Office electronically. The “due date” for receipt of electronic transmittals is the 20th of the month. Elective Deferral Contributions will be credited to your Account no later than the 15th business day of the month following receipt from your employer.

The transmittal form contains the name, social security number, and hours of work performed by each covered Employee and sent to the Plan Office together with a check made payable to the Trust. Each month the Plan Office makes the necessary computer entries reflecting the employer contributions and elective deferrals payable on your behalf. The Plan Office then transfers this data and wires the contributions to Fidelity Investments which has been contracted to perform both custody and recordkeeping services for all Plan individual accounts. You may access your individual account information on line at the web address set forth in Paragraph G, below.

ALERT
You should notify the Union and the Plan Office immediately if you are aware or suspect that your Employer has not contributed to the Plan on your behalf the full amount of Employer contributions and elective deferral contributions required under your collective bargaining agreement. If you fail to do so, your Individual Account may not be credited with the correct or full amount. In most instances, you will be credited with the contributions required to be made on your behalf even if your Employer is delinquent in making those contributions.