A qualified retirement plan is a tax-deferred savings and investment plan for retirement, governed by the terms of the Employee Retirement Income Security Act (ERISA) of 1974 and subject to other legal requirements. Most qualified retirement plans are “portable” – you can transfer the money from one tax-deferred account to another without incurring taxes or penalties.

Contribution amounts are deducted from your paycheck before income taxes are deducted. The money in your account grows tax-deferred. You don’t pay taxes on any contributions or investment earnings while the money stays in the plan.

Participation enables you to accumulate savings for retirement on a tax-favored basis and reduces the amount of income taxes you pay during your employment years. Neither the compensation you defer nor the earnings credited to your pre-tax 401(k) account are subject to taxes until you receive payments from the plan. All of the money you contribute is immediately 100% vested - meaning you are entitled to receive this money in the event you withdraw from the industry, die, become disabled or retire.

Upon meeting the eligibility criteria for the plan, you can enroll by submitting an Enrollment Form to your employer’s Human Resources Representative. Your contributions will then be deducted directly from your paycheck. The money is deducted from your pay on a pre-tax basis and automatically transferred to your 401(k) account.

If you are employed by multiple AMO signatory employers, you are required to complete an Enrollment Form for each employer.

If your collective bargaining agreement so provides, a matching contribution is a contribution made by your employer, on your behalf, that is based on the amount you contribute and is deposited directly into your 401(k) account. The matching contribution rate is defined in accordance with your collective bargaining agreement or participation agreement.

The 401(k) elective deferral limit for Pre-Tax and Roth Contribution for 2025 is $23,500 or $31,000 (if at least 50 years old). Saving for your retirement is simple - just complete the 401(k) Plan Enrollment Form located on the AMO Plans website at www.amoplans.com.

The plan offers a broad selection of investments including model portfolios, ranging from conservative to aggressive. You decide which of these investments to use (in whole percentages), based on your investment objectives and tolerance for risk.

Yes. You can change your contribution amount by submitting an Enrollment Form to your employer’s Human Resources Representative. Contribution changes generally take effect during the next payroll cycle.

Yes. You may change the way future contribution amounts are invested or transfer your current account balance among the funds offered in the Plan at anytime by:

• Accessing the Participant Website, https://myplan.johnhancock.com
• Contacting the Client Service Center at (833)-388-6466

Please keep in mind that changes to your investment elections will only affect new/future money. Fund transfers are only for money already in your Plan. You will need to process these requests separately. Investment election changes become effective on the same business day if submitted before 4 p.m. ET. Transfer requests are processed on the same business day when submitted before 4 p.m. ET or the next business day if during a weekend or holiday, or if submitted after 4 p.m. ET.

Vesting percentages identify when you are entitled to certain benefits in the plan. All contributions to the Plan are always 100% vested. You are entitled to receive these amounts in the event of cessation of employment in the industry, retirement, disability, or death.

• At your normal retirement date as defined by the plan
• At age 59½
• Upon permanent cessation of employment in the industry
• In the event that you become permanently disabled
• Upon your death – your account will be paid to your beneficiary(ies)
• Your rollover account balance at anytime
• Your after-tax account balance at anytime

Yes. The plan permits employees to take a loan from your 401(k) account. Loan amounts cannot exceed the lesser of $50,000 or one-half of your vested account balance. You must repay the outstanding loan amount with interest, and loan repayments are made by coupon payment or via ACH debit and credited directly back to your 401(k) account. Loans can be paid back, in full, at any time. Defaulted loans are considered distributions and may be taxed.

Taxes or penalties do not apply when you take out a loan because you are repaying the loan amount. Taxes or penalties will apply, however, if you fail to make loan repayments or if any outstanding loan balance remains after you leave employment with the participating companies and you do not repay the outstanding amount, (principal and interest).

A hardship withdrawal is a specific type of funds withdrawal from a tax-qualified 401(k) retirement plan permitted prior to retirement. In general, a hardship withdrawal is permitted when it is due to an immediate and heavy financial need, such as unreimbursed medical expenses; the purchase of your principal residence; payment of certain post-secondary educational expenses; or payments necessary to prevent eviction from your home, foreclosure on the mortgage of your principal residence, payment of funeral or burial expenses for your immediate family, or payment of certain repairs of damage to your principal residence. Hardship withdrawals are subject to income taxes and possible penalties. Additionally, you will be suspended from contributing to the plan for six months if you take a hardship withdrawal.

* Please note: Certain restrictions, documentation requirements, and approval may be necessary as required by the plan and/or by law.

You will receive quarterly statements of your account balances, as well as information on the activity that occurred in your account during the quarter. Your statements are also posted to the website. You can also obtain account information at any time by accessing the Participant Website – myplan.johnhancock.com – or by contacting the Client Service Center at (833)-388-6466.