CAP/401(k) Company Match 47˘ for 2006

3/2/2007

ABX is pleased to announce that the total CAP/401(k) matching funds for 2006 is 47˘. Under our CAP/401(k) plan, ABX contributes the base match of 35˘ on the first 6 percent of eligible contributions to the 401(k) each payroll period. At the end of the year, ABX reviews its financial performance under the Aircraft, Crew, Maintenance and Insurance (ACMI), and Hub and Line-haul Services agreements with DHL to determine if any additional performance match is due. 

On Feb. 21, the Company announced its fourth quarter and year-end results. These results showed that the Company received a 1.23 percent incentive mark up from the DHL ACMI and Hub Services agreements for 2006. Using the graph in the ABX Snapshot below, the additional performance match is 12˘ for a total of 47˘ in 2006.

 “We saw meaningful improvements in the service we provided to DHL in 2006 compared to the challenges of 2005,” said President and CEO Joe Hete. “This incentive match is one way we directly reward our people for their efforts. For 2007, we need to continue to focus on improving service and controlling our cost. Our customers, shareholders, and employees all benefit from improved service and lower costs.” 

The additional 12˘ incentive match will be contributed into eligible participants’ accounts no later than March 30, 2007. For more information on the performance match please see the Jan. 23, 2004 issue of A Benefits Xtra, available online on the ABX benefits home page at www.myabx.com/benefits

If you have any questions about the CAP/401(k) plan, you may contact the Benefits Dept. abx.benefits@abxair.com or call at (800) 736-3973 ext. 62463 or 63085. Or, contact Fidelity Investments at (800) 835-5095.

      

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Revised: March 01, 2007.