TABLE OF CONTENTS Introduction ................................................................................................................................................... 1 Who Can Participate in this Plan? ............................................................................................................... 1 How Is a Contributing Employer Accepted into the Plan? ........................................................................ 2 How Do I Enroll in the Plan? ........................................................................................................................ 2 How Are Employee Contributions Made to the Plan? ............................................................................... 2 Pre-Tax Elective Employee Contributions .................................................................................................... 3 IRS Limits and Catch-Up Contributions ....................................................................................................... 3 After-Tax Elective Contributions ................................................................................................................... 3 Non-Discrimination Testing .......................................................................................................................... 3 Contributions While on Active Duty in the Armed Forces .......................................................................... 3 May I Make a Rollover Contribution from Another Plan? ......................................................................... 4 Will My Employer Make Non-Elective Employer Contributions or Employer Matching Contributions? ............................................................................................................. 4 What Is an Individual Account? ................................................................................................................... 4 When Am I Vested in My Individual Account? ........................................................................................... 4 What Determines the Amount in My Individual Account? ......................................................................... 5 How Do I Direct the Investment of My Individual Account? ...................................................................... 5 Are There Any Other Fees Associated with the Administration of the Plan? ............................................. 6 When Can I Receive Benefits from the Plan? .............................................................................................. 6 What Should I Know About Applying for Benefits? ................................................................................... 7 In What Form Are Benefits Paid? ................................................................................................................. 7 What Is the Effective Date of Benefits? ........................................................................................................ 7 How Are These Benefits Taxed? ................................................................................................................... 7 What Happens If I Return to Work for a Contributing Employer After Benefits Are Paid? ..................... 8 Can I Access the Money in My Account While I Am Working? ............................................................... 8 Age 59½ In-Service Withdrawals .............................................................................................................. 8 Hardship Withdrawals ................................................................................................................................. 9 Loans .............................................................................................................................................................. 9 Other In-Service Withdrawals ................................................................................................................... 10 What Happens If I Die Before Receiving the Value of My Account? ..................................................... 10 Does My Spouse Have Any Additional Rights to My Account Balance? ............................................... 1 1 How Are Applications for Benefits Processed? ......................................................................................... 1 1 What Can I Do If I Am Denied a Benefit? .................................................................................................. 1 1 When Will a Decision Be Made on My Appeal? ..................................................................................... 1 1 What Can I Do if My Appeal is Denied? .................................................................................................. 12 Overpayments ............................................................................................................................................ 12 Other Important Information ...................................................................................................................... 13 Additional Information for Employees of Employers that Participated in the IAM National Individual Account Plan .............................................................................................................................. 17