2008 Savings Plan Changes

The Internal Revenue Service has announced the new changes in amounts and limits as they relate to our Savings Program and Pension Plan. We would like to review with you the status of several items and their impact on the coming year. Some of the new changes may require action on your part.

Descriptions of the new changes for and their impact are available in the 2008 Limits Memo (.pdf) to Savings Plan participants, which covers some of the following topics:

• Limit on employee contributions to a 401(k) Plan (pre-tax), Roth 401(k), and catch-up opportunities
• Definition of highly compensated
• Maximum allowable contribution percentage
• Maximum allowable compensation
• Maximum annual additions
• Restrictions on highly compensated employees to ensure passing the Actual Deferral Percentage/Actual Contribution Percentage tests