SIP Summary Plan Description - Vought Aircraft Division

You will now have $50.00 in Fund A and $49.00 in Fund B.
Tax Implications
The SIP offers a variety of tax advantages to its participants. By contributing to the SIP on a
pretax basis, you are able to defer taxes on certain income, including your pretax contributions,
Company Matching and Retirement Contributions (if any), and investment earnings.
Contributing on an after-tax basis permits you to defer taxes on your investment earnings.
In either case, the applicable taxes are deferred, not canceled. This means that you will be subject
to taxes when funds are distributed to you from the SIP at some later date.
Fiduciary Investment Responsibility
The SIP is intended to be a plan described in Section 404(c) of the Employee Retirement Income
Security Act of 1974, as amended (ERISA), and Title 29 of the Code of Federal Regulations
Section 2550.404c-1. An ERISA Section 404(c) plan is one in which the participants and
beneficiaries have full responsibility for their own investment decisions. The Plan’s ERISA
fiduciaries are relieved of liability for any losses that are the result of investment instructions
given by participants and beneficiaries.
Claims Review and Appeal Procedure
To submit a claim for benefits, visit SIP Online or call the SIP Line. You will receive a written
response within 90 days of receipt of the benefit application. If special circumstances require
more time, the claims review period may be extended by a maximum of an additional 90 days.
You will be notified of this extension. If your claim is denied, you will be notified in writing.
The notice will include:
Specific reasons for the denial;
References to Plan provisions on which the denial is based;
A description of additional materials or information that is necessary to complete your claim
properly and why it is needed;
The fact that you have 60 days in which to submit a written appeal of the decision, and that
you have a right to bring a civil action under section 502(a) of ERISA following an adverse
decision on review; and
The fact that, within the 60-day period, you may review pertinent documents and submit
issues and comments in writing; specifically, upon request, you will have reasonable access
to and copies of all documents, records and other information relevant to your claim, free of
charge.
If you have a question concerning any denial or would like additional information, you may call
the SIP Line.
You or a person you appoint may appeal any denial (within 60 days of the denial) by writing to
the SIP Administrative Committee at:
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