IMPORTANT INFORMATION ABOUT YOUR
ALLIED SERVICES 401(k) RETIREMENT SAVINGS PLAN ACCOUNT
This notice contains important information concerning the investment of your account in the Allied Services 401(k) Retirement Savings Plan (“Plan”) and the rules regarding the default investment fund under the Plan. The Plan lets you invest your account in a number of different investment funds. Currently, the Plan offers 29 different investment funds. We encourage you to take advantage of these alternatives and direct your own investments.
A default investment fund is the investment fund selected by the Plan in which your contributions are invested if you do NOT make an investment election. Effective June 29th, 2012, contributions for participants who fail to make an investment election under the Plan are automatically invested in the available Vanguard Target Date Funds based on your year of birth and estimated retirement date.
The Vanguard Target Date Funds are the default investment under the Plan, and the Vanguard Target Date Funds satisfies the requirements for a qualified default investment alternative (“QDIA”). A QDIA is an investment alternative or optionthat has been chosen by the Plan’s fiduciary for those instances when participants fail to provide instruction on how to invest monies in their Plan account.
Please note that copies of the prospectuses for each fund included in the Vanguard Target Date Funds will be sent to you once you are invested in the default fund. You also can request a free copy of the prospectuses by visiting the Plan Web site at or contacting the MetLifePlanServiceCenter toll free at (800) 543-2520.
Prior to June 29th, 2012, the default fund was the ProManage PROgram™. Contributions defaulted to the ProManage PROgram™ prior to June 29th, 2012are moved automatically to the Vanguard Target Date Funds. However, as described below, you are free to move your money from the Vanguard Target Date Funds, to any of the other available investment choices.
The Plan is designed to meet the requirements under section 404(c) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) for a self-directed account plan and to be a plan that satisfies the U.S. Department of Labor’s default investment fund rules. That means that you have the right to direct the investment of your account under the Plan. Please note that you also can affirmatively choose the Vanguard Target Date Fundsas an investment option. Because you are making the investment decisions about your account, the Plan’s fiduciaries generally would not be responsible for investment losses that occur because of your investment decisions and related instructions, or the investment by default of your accounts in the Vanguard Target Date Fundsbecause you did not choose to make an investment decision about your account. Again, there are a number of funds for you to choose from to create an investment program that best meets your needs.
To direct or change where your Plan account assets are invested, or for additional information about your Plan and all the investments available, please refer to your Plan materials, visit the Plan Web site at or contact the MetLife Plan Service Center toll free at (800) 543-2520.
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