CAP/401(k) Company Match 48¢ for 2007

3/27/2008

ABX is pleased to announce that the total CAP/401(k) matching funds for 2007 is 48¢. 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 March 17th, the Company announced its fourth quarter and year-end results. These results showed that the Company received a 1.25 percent incentive mark up from the DHL ACMI and Hub Services agreements for 2007. Using the graph in the ABX Snapshot below, the additional performance match is 13¢ for a total of 48¢ in 2007.

 “When I arrived at ABX Air last year, I was immediately impressed with the teamwork, efforts and attitudes of the employees," said John Graber, President of ABX Air.  "This incentive match is one of the ways we directly reward employees for the outstanding service we provided to our customer, DHL.” 

The additional 13¢ incentive match will be contributed into eligible participants’ accounts no later than April 30, 2008. 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.

      

Copyright 2007  ABX Air, Inc. All Rights Reserved.
Please see ABX Air, Inc.’s terms and conditions for use of this web site.

Revised: March 27, 2008.