SUP Money Purchase Pension Plan & 401(k) Plan
Charles Schwab Bank, which manages the Schwab Stable Value Fund used in the SUP Money Purchase Pension Plan and SUP 401(k) Plan, notified the Trustees recently of their decision to discontinue the fund effective April 30. At the regularly scheduled meeting of the Board of Trustees on January 25, Reliance/MetLife GAC Series 25053 Class II Shares Stable Value Fund was selected as a replacement. On or around March 19, participants' assets invested in the current Schwab Stable Value Fund in the two Plans will be automatically transferred to the Reliance/MetLife Stable Value Fund. Plans participants were recently mailed a memorandum from the Plan Office citing further details of the fund replacement and directions to follow if participants wish to make changes to their accounts.
SUP Welfare Plan Eligibility Statements
Statements reflecting eligibility earned for work dates through December 31, 2011, are currently being mailed to Welfare Plan participants. If you should have any questions, please contact the Plan Office.