Hyspan Precision Products, Inc.
Money Purchase Pension Plan

The Hyspan Money Purchase Pension Plan was established in 1977 to provide additional retirement income for qualified employees of Hyspan and its divisions and subsidiaries in the United States. The Plan is subject to the laws and regulations of the Employee Retirement Income Security Act, the Internal Revenue Service and the Department of Labor. The plan files a Form 5500 Annual Return/Report of Employee Benefit Plan based on a plan year that extends from July 1st through June 30th.  This report includes a certified financial statement prepared by an independent accounting firm.

Information regarding eligibility, vesting, distribution, benefits and other matters related to participation in the Plan is available to all participants of the Plan in the form of a Summary Plan Description, or by viewing the complete plan at the Plan Administrators office located at:

Hyspan Precision Products, Inc.
1685 Brandywine Avenue
Chula Vista, CA 91911
Telephone: 619-421-1355

The Plan is funded by an annual contribution by Hyspan Precision Products, Inc., its divisions and subsidiaries that is equal to 10% of the total compensation of all eligible employees. Additional income is provided by earnings on investments made by the Plan. The annual allocation to a participant’s account is equal to 10% of their compensation during the plan year plus the investment income earned on their share of the plan over the plan year.

All funds and investments are held in a trust fund and administered by the Trustee. The Plan’s Trustee is:

Donald R. Heye
1685 Brandywine Avenue
Chula Vista, CA 91911

The general investment philosophy followed by the Trustee is to allocate the Plan’s assets in one third portions invested in commercial real estate, equities, and interest bearing securities. The management of the real property, and securities investments are delegated to independent professional advisors.

Copyright © Hyspan Precision Products, Inc. 2005. All rights reserved.
Hyspan ® is a registered trademark.