SIP Summary Plan Description - Vought Aircraft Division
SIP Summary Plan Description - Vought Aircraft Division
SIP Summary Plan Description - Vought Aircraft Division
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<strong>SIP</strong>. Effective January 1, 2007, the Aerostructures Corporation Employees Savings <strong>Plan</strong> was<br />
merged into the <strong>SIP</strong>.<br />
How the <strong>Plan</strong> Works<br />
Eligibility and Participation<br />
You are generally eligible to participate in the <strong>SIP</strong> if you are at least 18 years old and are<br />
reported as an employee on the payroll records of a participating Company element or one of the<br />
other affiliated companies listed in the matrix below.<br />
If you are:<br />
A non-represented<br />
employee of <strong>Vought</strong><br />
<strong>Aircraft</strong> Industries,<br />
Inc. or its affiliated<br />
entities (VCAC or<br />
VAC Industries)<br />
A UAW-represented<br />
employee of VAII<br />
An IBEWrepresented<br />
employee<br />
of VAII<br />
An IAMAW District<br />
Lodge 96 represented<br />
employee of VAII<br />
An IAMAW Local<br />
735 represented<br />
employee of VAII<br />
An SPFPArepresented<br />
employee<br />
of VAII<br />
A non-represented<br />
employee of Contour<br />
Aerospace<br />
Corporation<br />
You are eligible to<br />
participate in the<br />
Savings and<br />
Investment <strong>Plan</strong><br />
(<strong>SIP</strong>):<br />
You are eligible<br />
for Company<br />
Matching<br />
Contributions in<br />
the <strong>SIP</strong>:<br />
You are eligible for Company Retirement<br />
Contributions in the <strong>SIP</strong>:<br />
Yes Yes Yes, if you are not eligible to accrue<br />
benefits under the:<br />
<strong>Vought</strong> <strong>Aircraft</strong> Industries, Inc.<br />
Retirement <strong>Plan</strong><br />
The Aerostructures Heritage Pension<br />
<strong>Plan</strong><br />
Yes Yes Yes, if you are not eligible to accrue<br />
benefits under the:<br />
<strong>Vought</strong> <strong>Aircraft</strong> Industries, Inc.<br />
Hourly Retirement <strong>Plan</strong><br />
Yes Yes Yes, if you are not eligible to accrue<br />
benefits under the:<br />
<strong>Vought</strong> <strong>Aircraft</strong> Industries, Inc.<br />
Hourly Retirement <strong>Plan</strong><br />
Yes Yes No<br />
Yes Yes Yes, if you are not eligible to accrue<br />
benefits under the:<br />
The Aerostructures Heritage Pension<br />
<strong>Plan</strong> for Hourly-Rated Employees<br />
Yes No Yes, if you are not eligible to accrue<br />
benefits under the:<br />
<strong>Vought</strong> <strong>Aircraft</strong> Industries, Inc.<br />
Protective Services Retirement <strong>Plan</strong><br />
Yes Yes No<br />
Enrollment in the <strong>SIP</strong><br />
Enrollment in the <strong>SIP</strong> is automatic when you are hired or when you first become eligible for the<br />
<strong>Plan</strong>. More information regarding the details of the automatic enrollment, including how to<br />
cancel your participation, is provided below.<br />
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