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Summary Plan Description (SPD)
3. HOW ARE INVESTMENT GAINS AND LOSSES ALLOCATED TO MY ACCOUNT?
Four times each year, on March 31, June 30, September 30, and December 31, (the valuation dates) the assets of the Plan will be valued, and investment gains and losses as well as administrative expenses, for the preceding three months will be determined.
A share of gains, losses and administrative expenses will be allocated to your Individual Account in the same proportion that your Individual Account Balance bears to the total of all Account Balances.
Your Individual Account Balance used for allocating gains and losses will equal
- your Account Balance at the end of the previous quarter,
- plus weighted contributions paid into your Account during the quarter,
- minus distributions paid from your Account during the quarter.
For purposes of allocating investment gains and losses for a quarter, contributions paid into your Individual Account during the quarter are "weighted" as follows:
| Contributions paid into your Account: | Multiply by the following fraction: |
| First month of the quarter Second month of the quarter Third month of the quarter |
2/3 1/3 0 |