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Other investors will receive three (3) payments: |
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The initial distribution will begin after Labor Day. Investors will receive more than 95% of their 9/30/05 account balances in this distribution. |
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Class 3 investors (9/30/05 account balances of $93,144 or less) will receive their distributions entirely in cash; |
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Class 4 investors will receive approximately 20% in cash and 75% in a separate account of SEI assets. Class 4 investors can choose to have their SEI assets held in either a sub-account of the TASVPF at Reliance Trust or a separate account outside the Fund at SEI. See important information about SEI deadlines below. |
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Class 4 investors that are Defined Benefit plans or that are terminated plans will receive their distributions entirely in cash (SEI will not accept these plans). |
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A second distribution is expected before the end of 2006. |
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A third and final distribution is expected in mid-2007. |
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TASVPF TRANSFERS TO PLANS EXPECTED TO BEGIN SEPTEMBER 6, 2006
Cash disbursements are expected to be made to both Class 3 and 4 plans on September 6. The distributions will be made according to the certified and notarized wire transfer instructions received by Reliance Trust from third party administrators (TPAs) and plan fiduciaries by close of business Wednesday, August 30, 2006. Wire transfer instructions received after that time will be processed as they arrive, with turnaround expected to be about two weeks. Investors who have not received information about wire transfer instructions should contact their TPA or contact Fiduciary Counselors at stablevalue@fiduciarycounselors.com. |
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FOR CLASS 4 INVESTORS OPENING AN ACCOUNT WITH SEI |
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SEI has processed and assigned account numbers for all complete applications that were received by the close of business August 28, 2006. These accounts will be activated in the first round of transfers to SEI accounts on September 5, 2006. |
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Complete applications received by SEI from August 29 to September 15, 2006, will be processed for a second (and final) round of transfers to SEI accounts in early October. |
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In order to receive benefit-responsive distributions from SEI assets, a plan must have either an SEI sub-account at Reliance Trust, or an account with SEI. Therefore, as provided in the Plan of Reorganization, all Class 4 plans that are not in the 1st round of transfers to SEI accounts will have a sub-account for SEI assets established at Reliance Trust on September 5, 2006. |
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| Accounts at both SEI and Reliance Trust will be benefit-responsive (e.g., responsive to participant requests for benefit withdrawals and transfers to non-competing investment options within their plan). Sub-accounts at Reliance Trust will be disbursed to investors soon after March 28, 2007. Investors with accounts at SEI wishing to take advantage of the March 28, 2007 distribution date must notify SEI no later than October 6, 2006. A template for the letter to SEI can be found on our website at www.fiduciarycounselors.com/stablevalue.htm. |
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OPTIONS FOR REQUESTING DISTRIBUTIONS FROM TASVPF |
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Third Party Administrators (TPAs) are generally handling distribution requests for their clients (almost 90% of investors work with TPAs). TPAs first certify that they are authorized to act on behalf of their clients, then provide transfer instructions in a spreadsheet / file layout provided by Reliance Trust. |
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Plan fiduciaries not working with a TPA may request distribution and provide transfer instructions for an individual investor (plan). They complete a form provided by Fiduciary Counselors certifying that they are acting on behalf of the investor, providing wire transfer instructions and, for Class 4 investors, SEI instructions. |
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Plan participants and beneficiaries do not request distributions from the TASVPF. They request benefit payments, rollovers and investment transfers through their Plan, using the established procedures for the Plan. Plan participants and beneficiaries should contact their plan administrator for more information. |
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Forms for TPAs and plan fiduciaries are available from Fiduciary Counselors at stablevalue@fiduciarycounselors.com and will also be posted on our web site. |
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| LOOKING FOR TASVPF INVESTORS |
| We do not have valid contact information for the following investors in the TASVPF. Please contact Fiduciary Counselors at stablevalue@fiduciarycounselors.com if you have information on the current contact information for any of the plans on this list. |
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- Advanced Technology Innovation Corp. 401(k)
- Artifex 401(k) Profit Sharing Plan
- Benda Healthcare, Inc 401(k) Profit Sharing Plan
- BW Systems Inc Safe Harbor 401(k) Plan
- Community Foundation Cape Cod 401(k) Profit Sharing Plan
- Delta Plus Holdings 401(k) Profit Sharing Plan
- Goertz + Schiele Corporation 401K
- Hazel Land Company
- Investors Capital Holdings, Ltd. 401(k) Profit Sharing Plan
- ISDN-Net Inc. 401(k) Profit Sharing Plan
- Lighthouse Development Company Inc 401(k) Profit Sharing Plan
- Lisa A Hickey 401(k) Plan
- Market Street Subs LLC 401(k)
- NW Comm 401(k) Profit Sharing Plan
- Potter Enterprises of WNY Inc 401(k) Plan
- Precise Pay Inc. 401(k) Profit Sharing Plan
- Proterra Design Associates Inc 401(k) Profit Sharing Plan
- Redwood Lumber & Supply Co LLC
- Ricketson Anesthesia Service Inc 401(k) Plan
- Servicemaster 401(k) Profit Sharing Plan (location unknown)
- SETDA Safe Harbor 401(k) Plan
- Surety Associates LLC 401(k) Profit Sharing Plan
- Toby Construction 401(k) Profit Sharing Plan
- Vitalect Inc 401(k) Profit Sharing Plan
- Water Monitor, Inc Safe Harbor 401(k) Plan
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