New CAP Provider

New CAP/401(k) Provider Announced

01/02/2001

The Airborne Retirement Advisory Committee is pleased to announce that Fidelity Investments has been selected to be the new service provider for the Capital Accumulation Plan (CAP)/401(k) plan.

Airborne employees have requested that the CAP/401(k) plan offer more options to assist them in planning for their retirements. We received 468 responses to the survey conducted in August. Employees indicated they would like to see more investment fund options, more educational information, and web access, among other things.

This change will offer every participant more choices, control, and flexibility in managing their CAP/401(k) balances. Fidelity is the largest mutual fund manager in the country and is a leading provider of investment education and record-keeping services. This investment firm has developed leading-edge technology that will offer Airborne CAP/401(k) participants the opportunity to track individual portfolios via the web or automated phone services.

More information about the Fidelity options and the survey results will be distributed to employees over the next couple of months as this project is rolled out. It is anticipated that the transition to Fidelity Investments will be completed in the first half of 2001.