Actors and Stage Managers employed under the Agreement and Rules Governing Employment under the Equity/League Production Contract and the Equity/Disney Theatrical Productions, Ltd. Production Contract (the “Production Contract”) are eligible to participate in the Equity-League 401(k) Plan (“Plan”), which permits you to make tax deferred contributions to the Plan. This contribution is called a Deferred Salary Contribution. You may elect to start these contributions or change these contributions at anytime while you are employed under the Production Contract by submitting the appropriate forms to your employer. Any change will take effect as soon as practicable. For the 2012 plan year, you may contribute up to 85% of your salary (as defined under the Plan) in whole percentages on a tax deferred basis (up to $6,375 per week and a total annual maximum of $17,000). This notice also applies to Actors and Stage Managers employed under the Short Engagement Touring Agreement (“SETA”) and other special agreements requiring contributions of 3% to the Plan, however, the weekly deferral limit is lower, as explained below. If you will be 50 or older as of December 31, 2012, please see the special note below regarding the opportunity to defer additional salary.

Employer Contributions On Your Behalf. For the 2012 calendar year, your Producer will be contributing an amount equal to 3% of your salary, subject to the following limits: Under the Production Contract, no contributions are owed for salary above $7,500 per week, for a weekly maximum contribution of $225. Under SETA, no contributions are owed for salary above $5,500 per week, for a weekly maximum contribution of $165 per week. By law, for 2012, the employer may not contribute on annual salary above $250,000. Therefore, the maximum employer contribution per employer under either contract is $7,500. As an example, if you are earning $2,000 in a week, your Producer would contribute $60 for that week (3% of $2,000 = $60). If a special agreement requires the employer to contribute 3% of weekly salary, but the weekly salary limit for contributions is below $5,500, the weekly salary deferral and weekly contributions will be lower. Note: Other collective bargaining agreements allow tax deferred contributions to the Plan without employer contributions or with employer contributions with less than 3%. This notice does not cover those agreements. Please review the Summary Plan Description or contact the Fund Office for more information.

Your Deferred Salary Contribution. The Plan also gives you the opportunity to save on a tax-deferred basis, up to 85% of your salary, with a maximum deferral of $6,375 per week ($4,675 per week for SETA). (Except that this maximum does not apply if you will be 50 or older as of December 31, 2012. Please see the Special Note below.) Please note you can defer only taxable income. For example, you cannot defer non-taxable per diem.

Remember – Deferred Salary Contributions allow you to save a portion of your salary (as defined under the Plan) before federal income taxes are withheld. And, you defer paying federal income taxes on your investment earnings as long as they remain in the Plan.

For further information on these contributions or the Plan, refer to your Summary Plan Description (“SPD”). If you do not have a copy of the SPD, or have questions concerning the Plan, please contact the Fund Office, or visit our website:

Equity-League 401(k) Trust Fund
165 West 46th Street, 14th Floor
New York, NY 10036

Executive Director: Arthur Drechsler
212-869-9380 or toll free (800) 344-5220

www.equityleague.org.