Huntington Ingalls Industries Savings Plan ... - Benefits Connect

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Huntington Ingalls Industries Savings Plan SPD March 2011 Protecting the Security of Your Account To protect the security of your account, it is critical that you establish a unique user ID and password. Your user ID and password give you access to your personal benefits information through Your Benefits Resources and the HIBC and reduce the likelihood that someone else could gain access to your information or make unauthorized changes to your account. You create your own user ID and password and are responsible for safeguarding them. See ―Your Savings Plan User ID and Password‖ listed on the previous page for more information. Communication Preferences Certain types of benefit communication can be sent to you electronically. For more information, go to HII Benefits Connect at http://hiibenefits.com and click on the Your Benefits Resources button. Enter your user ID and password when prompted. Once you are at Your Benefits Resources, click on ―Personal Information‖ to choose your preferred method of communication. If you select electronic communication, you will be notified when benefits communications are posted online for you to view or download. 12
Huntington Ingalls Industries Savings Plan SPD March 2011 Eligibility You may participate in the Savings Plan if you are: • At least 18 years old, • Characterized by one of the participating Huntington Ingalls Industries business units as an employee, and • Either: A salaried or hourly-rated employee who is a citizen or legal resident of the United States, or An employee who can participate because of a written resolution of the Board of Directors of Huntington Ingalls Industries. You are not eligible to participate in the Savings Plan if you are treated by Huntington Ingalls Industries as: • An independent contractor, • An individual hired by an outside employment agency (e.g., called a ―job shopper,‖ a ―temporary employee,‖ or a ―leased employee‖), or • An individual not reported on Huntington Ingalls Industries payroll records as an employee for any other reason. Certain special situations may affect your eligibility, including: • Transfers from Northrop Grumman Corporation in connection with the Spin-Off: If you were both an employee of Northrop Grumman Corporation and a participant in the Northrop Grumman Savings Plan at the time of the Spin-Off and if your account balance was transferred to this Plan within 45 days of the Spin-Off, you will become an active participant effective upon your hire by Huntington Ingalls Industries, provided you meet the eligibility requirements above. • Transfers within Huntington Ingalls Industries: If you transfer to a position or location in which you are no longer eligible to participate in the Savings Plan, you will become an inactive participant. Many of the rules that apply to active participants will also apply to you. However, as an inactive participant, you no longer can make contributions to your account. In addition, Huntington Ingalls Industries will not make contributions on your behalf. And, while you remain employed by any of the Huntington Ingalls Industries affiliated companies, you are not eligible for a final distribution of your account. If you transfer back to a position or location in which you become eligible to again participate in the Savings Plan, you may re-enroll and start making contributions. 13
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