State of California M E M O R A N D U M REFERENCE CODE: 2000-025 DATE: May 9, 2000 TO: Personnel Officers Personnel Transactions Supervisors FROM: Department of Personnel Administration Savings Plus Program SUBJECT: Savings Plus Program 401 (k) Thrift Plan CONTACT: Kent Suemnicht, Administrator (916) 322-5070, CALNET 492-5070 FAX: (916) 327-1885 Email: saveplus@dpa.ca.gov The Department of Personnel Administration (DPA) is in the process of filing documents with the Internal Revenue Service (IRS) pertaining to the Savings Plus Program's 401(k) Thrift Plan. Attached is a notice that the IRS requires to be posted, upon receipt of this notice, for at least 7 but not more than 21 days. Accordingly, you are requested to post in plain view the attached notice on your office bulletin board where notices to employees are customarily posted. If you have any questions or need additional information, please contact Lura Franzella at (916) 324-3214. Kathie Vaughn, Chief Benefits Division Attachment(s) NOTICE TO INTERESTED PARTIES This notice is directed to persons who are interested parties with respect to the State of California Savings Plus Program Thrift Plan. All present employees eligible (or who may in the future become eligible upon satisfying the plan's requirements) to participate in the plan, and present employees who are not eligible to participate in either the plan or any other IRS-approved retirement plan are considered interested parties. An application is to be made to the Internal Revenue Service for an advance determination on the qualification of the following employee pension benefit plan: 1. Name of Plan: State of California Savings Plus Program Thrift Plan 2. Plan Identification Number: 001 3. Name and Address of Employer: State of California Department of Personnel Administration 1515 "S" Street, North Building, Suite 400 Sacramento, CA 95814-7243 4. Employer's Identification Number: 25-6441943 5. Name and Address of Plan Administrator: State of California Department of Personnel Administration 1515 "S" Street, North Building, Suite 400 Sacramento, CA 95814-7243 All employees of the employer who have satisfied the plan's requirements are eligible to participate in the plan. The application will be filed on May 25, 2000, with the Key District Director, Internal Revenue Service, P.O. Box 192, Covington, Kentucky 41012-0192, for an advance determination as to whether or not the plan meets the qualification requirements of Section 401(a) of the Internal Revenue Code, with respect to initial qualification. The Internal Revenue Service has not previously issued a favorable determination letter with respect to the qualification of the plan. RIGHTS OF INTERESTED PARTIES You have the right to submit to the Key District Director, at the above address, either individually or jointly with other interested parties, your comments as to whether this plan meets the qualification requirements of the Internal Revenue Code. You may instead, individually or jointly with other interested parties, request the Department of Labor to submit, on your behalf, comments to the Key District Director regarding qualification of the plan. If the Department declines to comment on all or some of the matters you raise, you may, individually, or jointly if your request was made to the Department jointly, submit your comments on these matters directly to the Key District Director. REQUESTS FOR COMMENTS BY THE DEPARTMENT OF LABOR The Department of Labor may not comment on behalf of interested parties unless requested to do so by the lesser of 10 employees or 10 percent of the employees who qualify as interested parties. The number of persons needed for the Department to comment with respect to this plan is 10. If you request the Department to comment, your request must be in writing and must specify the matters upon which comments are requested, and must also include: (1) the information contained in items 1 through 4 of this Notice; and (2) the number of persons needed for the Department to comment. A request to the Department to comment should be addressed as follows: Deputy Assistant Secretary, Pension and Welfare Benefits Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210, ATTN: 3001 Comment Request. COMMENTS TO THE INTERNAL REVENUE SERVICE Comments submitted by you to the Key District Director must be in writing and received by him by July 9, 2000. However, if there are matters that you request the Department of Labor to comment upon on your behalf, and the Department declines, you may submit comments on these matters to the Key District Director to be received by him within 15 days from the time the Department notifies you that it will not comment on a particular matter, or by July 9, 2000, whichever is later, but not after July 24, 2000. A request to the Department to comment on your behalf must be received by it by June 9, 2000, if you wish to preserve your right to comment on a matter upon which the Department declines to comment, or by June 19, 2000, if you wish to waive that right. ADDITIONAL INFORMATION Detailed instructions regarding the requirements for notification of interested parties may be found in sections 17 and 18 of Revenue Procedure 99-6. Additional information concerning this application (including an updated copy of the plan and related trust; the application for determination; any additional documents dealing with the application that have been submitted to the IRS; and copies of section 17 of Revenue Procedure 99-6) is available for inspection and copying at the office of the plan administrator. There is a charge for copying and/or mailing.