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UNH » Topics » 14. ELIMINATION OF 401(K) RESTORATION DEFERRAL OPTION. Effective for Plan Years beginning on or after January 1, 2009, Section 6.1 of the Plan Statement shall be amended to read in full as follows:

This excerpt taken from the UNH 10-K filed Feb 11, 2009.

14. ELIMINATION OF 401(K) RESTORATION DEFERRAL OPTION. Effective for Plan Years beginning on or after January 1, 2009, Section 6.1 of the Plan Statement shall be amended to read in full as follows:

6.1. Operational Rules for Deferrals. A Participant’s election to defer compensation under Section 4 shall be “evergreen” and shall remain in effect for subsequent Plan Years unless, prior to such Plan Year, the election is changed or terminated or the Participant is not selected for participation for that subsequent Plan Year. If a Participant’s pay after deferrals is not sufficient to cover pre-tax and after-tax benefit payroll deductions, and tax or other payroll withholding requirements, the Participant’s deferrals shall be reduced to the extent necessary to meet such requirements.

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