401(k) Announcement Letter: Equity-League Fund

Listings Of All Other Eligible Contract Types - Explanation of 401k Salary Deferral Only Contributions

A 401(k) retirement benefit is available through the Equity-League 401(k) Trust Fund for members that are employed under various contract types that allow for 401k participation where you are eligible for salary deferral only 401k contributions. Here is a listing of the contract types.

SALARY DEFERRAL ONLY
*Contract*	*Effective Date*
Off–Broadway Contract	October 1, 2002
COST Contract	June 1, 2003
Special Production Contract	June 28, 2004
White Christmas-Special Agreements	August 29, 2004
City Center Encores-Special Agreement	January 31, 2005
Menopause Special Agreements	February 28, 2005
Mid-Size Theatres	April 24, 2005
Chanhassen Dinner Theatres–Chanhassen, MN	May 30, 2005
Beef & Boards Dinner Theatre–Indianapolis, IN
New Theatre Restaurant–Overland Park, KS
Drury Lane Theatre–Oakbrook, IL
Drury Lane Water Tower–Chicago, IL
American Heartland Theatre–Kansas City, MO
Marriott Theatre–Lincolnshire, IL
Casino Contracts
(RMTA) Resident Musical Theatre Association	June 7, 2005
Chicago Area Theatres–CAT Contract	June 27, 2005
Musical Stock and Unit Attractions–MSUA Contract	October 31, 2005
Outdoor Drama Contract	December 26, 2005
TYA (Theatre for Young Audiences) Contract	December 26, 2005
Business Theatre and Events Contract	March 1, 2006
Second City Agreement (Chicago, Detroit, Las Vegas)	April 10, 2006
Children's Theatre Company	June 26, 2006
Bay Area Theatre (BAT)	July 24, 2006
Ellis Island Foundations	March 19, 2007
Lawrence Welk Resort Dinner Theatre	May 21, 2007
Westchester Broadway Dinner Theatre	May 28, 2007
Alhambra Dinner Theatre (Jacksonville, FL)	May 28, 2007
City Center Summer Stars-Special Agreement	June 11, 2007
(ANTC) Association of Non-Profit Theatre Companies	August 6, 2007
Walt Disney World - Orlando, FL	October 15, 2007
New Candlelight Dinner Theatre	December 31, 2007
CORST	February 25, 2008
Dora the Explorer-Special Agreement	January 2, 2009
University/Resident Theatre (URTA) Agreement	March 1, 2010

This benefit applies to actors and stage managers employed under these contract types that allows you to defer a portion of your salary into the Plan. You may defer up to 85% of your salary, up to a maximum deferral of $6,375.00 per week ($7500 x 85%). Please note that you can defer only taxable income. For example, you cannot defer non-taxable overscale per diem. You may change the percentage at any time. The percentage will be automatically deducted from your weekly salary pursuant to your authorization.For the year 2012 the maximum amount of salary that an actor/stage manager may defer for ALL EMPLOYERS is $17,000.00. Note that if you are 50 or older you are eligible to defer an additional $5,500.00 for the year 2012.

Example One:

Weekly salary:		$1,215.00
Participant's deferral: (5%)	$ 60.75	- $ 60.75
Total of contributions and deferrals made to 401(k) account:	$ 60.75
Gross salary for federal income tax purposes:		$1,154.25

Example Two:

Weekly salary:		$10,000.00
Participant's deferral: (85%)	$6,375.00	- $ 6,375.00
Total of contributions and deferrals made to 401(k) account:	$ 6,375.00
Gross salary for federal income tax purposes:		$ 3,625.00

Your voluntary deferral, automatically deducted from your weekly salary by your employer, is treated as a pretax contribution made before federal income taxes are calculated and deducted; thereby, reducing the amount of your current taxable income and lowering your current tax liability. In addition, all interest earned is tax deferred. You do not owe federal income tax until the money in your account is withdrawn. Please be advised that actors who are incorporated (employed through corporations) will be eligible for employer contributions; however, they will not be eligible for salary deferrals.

In order to provide the aforementioned benefit, the Trustees have evaluated various companies that provide record keeping and investment services for retirement plans. Following a thorough review of the industry, MassMutual Retirement Services was selected as the service provider for the Equity-League 401(k) Trust Fund.

MassMutual Retirement Services has an excellent reputation in the retirement services industry. Working in partnership with MassMutual Retirement Services, the Retirement Service Department will assist you during the entire 401(k) benefit administration process.

Through MassMutual, some of the features available from the plan will include:

Twenty two (22) investment options,
A toll-free number and an Internet site providing participants with:
- Access to their account balance,
- The ability to make changes to their investment options,
- The ability to review investment performance
Educational information on the Internet site regarding:
- Financial planning basics,
- Plans for building an investment strategy
A quarterly statement mailed or e-mailed to you, reporting:
- Account information
- Your personal rate of return
- Contributions made to your account segregating salary deferral and contributions by each producer

A MassMutual customer service representative will be available through their toll free number, (800) 743-5274, to answer your questions. You may also contact the Retirement Services Department within the Fund Office at (212) 869-9380, or toll free at (800) 344-5220.