RETIREMENT PLANS

Auto Enrollment: New employees will generally be automatically enrolled in the Plan approximately 45 days after the date of hire if they have not made an affirmative election. Employees will automatically be enrolled at a 3.0% pre-tax employee contribution deferral and will be defaulted into an age-based target date mutual fund.

Affirmative Election: New employees will generally have the ability to enroll either online or by phone within one pay period from date of hire. Representatives are available Weekdays, 8:30 AM – 8:00 PM EST. Your new deferral election will generally start within one payroll period after you sign-up.

Designate your beneficiary on the Pension and Benefit Plan Beneficiary Election and Spousal Consent Form and return it to the UNS Benefit Services group at mail stop HQE203. If you have a family status change, make sure to update your beneficiary forms for all of your benefits.

Plan participants may roll over qualified accounts into the TEP 401(k) plan at any time during employment. For information regarding how to roll over an account balance from a previous employer or eligible Individual Retirement Account, please contact Fidelity directly for assistance with the rollover process.

Contact Fidelity for all account inquiries or to obtain a prospectus, which contains detailed investment information on each fund.

Employees may make deferral or investment changes at any time by contacting a Fidelity representative by phone or by making the changes online through NetBenefits.

For loans and withdrawals, there may be paperwork and/or approvals required based on the type of transaction. For general information regarding loans and withdrawals, please review the Summary Plan Description, or for more detailed information, please call Fidelity at (800) 835-5098.

If you leave a UNS company for any reason, you may request a distribution of your account balance as a lump sum, or as a rollover to an Individual Retirement Account (IRA), or another employer’s qualified plan. Call Fidelity directly at (800) 835-5098 for more information. In general, there will be a 14-day waiting period from your date of termination until the funds can be released. As always, you may want to contact your tax advisor for information about the tax consequences of any withdrawals.

For a more detailed description of the funds offered in the Plan, please call the Fidelity Retirement Benefits Line at (800) 835-5098 or visit Fidelity online at NetBenefits.

Keep in mind, investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.

Before investing in any mutual fund, carefully consider the investment objectives, risks, charges, and expenses. For this and other information, call Fidelity for a free prospectus. Read it carefully before you invest.

In addition to scheduled on-site events, you may take on-demand workshops at any time at your own pace, 24 hours a day, seven days a week, by going to Fidelity e-Learning®. Log in using your Fidelity login ID and password, then select the workshop of interest by clicking “Launch”.