AMSEC Employees 401(k) Profit Sharing Plan - Benefits Connect

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f. A statement of your right to bring a civil action under ERISA Section 502(a).At your request, you will be provided with reasonable access to, and copies free of charge of, alldocuments, records, and other information relevant to your claim for benefits, including but notlimited to any additional information relied on in making the determination, any informationsubmitted, considered, or generated while making the determination, and any statement of policyor guidance concerning the denied benefit, even if it was not relied on.2. If your Application for Benefits is denied in whole or in part, you or your duly authorizedrepresentative may appeal to the Committee for a review of the denial. You may make this appealby submitting to the Committee within 65 days after the date of notice from the Committee of thedenial of your claim a written statement:a. Requesting a review by the Committee of your Application for Benefitsb. Setting forth all of the grounds on which your request for review is based and any facts insupport of your claimc. Setting forth any issue or comments that you think should be considered.The Committee will meet as often as is necessary to review appeals of claim denials submitted toit. The Committee will act on your application within 60 days (unless special circumstancesapply) after receipt of your request for review by the Committee.The Committee shall make a full and fair review of your Application for Benefits and any writtenmaterials submitted by you to the Committee in connection with the application. The Committeemay require the employer or you to submit such additional facts, documents, or other evidence asthe Committee, in its sole discretion, deems necessary or advisable in making the review. Underthe Plan, the Committee is provided the broadest possible discretion to determine factual issuesand to interpret the Plan’s provisions. Committee decisions are final and binding.In the event your Application for Benefits is denied in whole or in part, an authorizedrepresentative of AMSEC notifies you in writing of the denial and of your right to review by theCommittee. This notice provides you, in a manner intended to be understood by you, all of thefollowing information:a. The specific reason for the denialb. Specific references to the Plan provisions on which the denial is basedc. A statement of your right to bring a civil action under ERISA Section 502(a).March 201121AMSEC SPD
VII. PLAN TERMINATION INSURANCEA r e B enefits U nder T his Plan I nsur ed by the F eder al G over nment?Benefits under this Plan are not insured by the federal government. Benefits under certain types ofpension plans are insured by the Pension Benefit Guaranty Corporation (PBGC), which is part of thefederal government. However, plans (such as this Plan) that maintain individual accounts for eachParticipant are not insured by the federal government.VIII. GENERAL ADMINISTRATION OF BENEFITST op H eavy R ulesCertain tax rules – called “top heavy” rules – apply if the value of benefits payable to certain keyemployees exceeds 60% of the total benefits under AMSEC’s retirement savings plan. If these rulesapply, the Plan must be modified to maintain its status as a tax-qualified plan. The Plan Administratorwill notify you if your benefits are affected by top heavy rules.Qualified Domestic R elations OrderIn connection with marital dissolution and child support matters, it is possible that an award of aportion of your Accounts will be made to your former spouse or the guardian of your children. If theaward is made pursuant to a qualified domestic relations order, the Plan will be required to makepayments to the party to whom such award is made, and your benefits will be reduced accordingly. Acopy of the procedures governing qualified domestic relations orders can be obtained, without charge,by contacting the AMSEC Director of Human Resources.Effective July 1, 2004, the fees associated with the determination of the qualified status of a domesticrelations order (“QDRO”) are charged directly to the account of the affected Participant. Under theterms of a QDRO, however, the fees may be charged to the non-employee payee or divided equallybetween the Participant and the non-employee party to whom the award is made in connection withthe implementation of the order.For example, suppose a Participant’s account is valued at $12,000, the fee to determine that thedomestic relations order is qualified is $350, and the non-employee party agrees to absorb the full costof the QDRO review and determination. The account balance is otherwise split equally between theParticipant and the non-employee party. In that case, the Participant’s account is charged $350, theParticipant retains $6,000, and the non-employee party will have an account balance of $5,650 ($6,000- $350). However, if the Participant and the non-employee party agree to equally split the $350 fee,each of them will have an account balance of $5,825. Note that the actual fee may be different fromthe one in the example; to obtain information on the current fee structure as well as information aboutQDROs, contact QDRO Consultants Co. at 1-800-527-8481.March 201122AMSEC SPD
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Page 11 and 12: Information regarding the current i
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Page 19 and 20: HardshipWithdrawalAfter-TaxWithdraw
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Page 31 and 32: certain federal unemployment taxes.
Page 33: 3. PLAN SPONSOR(May be served with

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