401(k) Announcement Letter: Equity-League Fund

Production Contract - Explanation of 401k Employer and Salary Deferral Contributions

A 401(k) retirement benefit is available through the Equity-League 401(k) Trust Fund for members that are eligible for Employer and or salary deferral 401k contributions performing under the following contract types.

SALARY DEFERRAL AND EMPLOYER CONTRIBUTIONS

*Contract*	*Effective Date*
Equity/League Production Contract	June 25, 2001
Equity/Disney Theatrical Ventures, Inc. Production Contract	June 25, 2001

This benefit applies to actors and stage managers employed under these Contract types in which, your employer will contribute, on your behalf, an amount equal to 3% of your weekly salary up to a maximum contribution of $225.00 per week. The maximum amount of compensation that is counted for contributions is $7,500 per week or $250,000 per year for the year 2012.

For example:

Weekly salary:	$1703.00	$2000.00	$7500.00
Employer's 3% contribution:	$51.09	$ 60.00	$ 225.00

Example One:

Weekly salary:		$1,703.00
Employer 3% contribution	$ 51.09
Participant's deferral: (5%)	$ 80.25	- $ 80.25
Total of contributions and deferrals made to 401(k) account:	$131.34
Gross salary for federal income tax purposes:		$1,622.75

Example Two:

Weekly salary:		$10,000.00
Employer 3% contribution	$ 225.00
Participant's deferral: (85%)	$ 6,375.00	- $ 6,375.00
Total of contributions and deferrals made to 401(k) account:	$ 6,600.00
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 You do not owe federal income tax until the money in your account is withdrawn.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. 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.

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 Services 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.