403(b) Plan

EOC's 403(b) is a retirement savings plan that allows you to defer up to 100% of your salary into a variety of investment options before taxes. All regular, seasonal and limited term employees are eligible to participate beginning the first day of each quarter following six months of employment. EOC may make a matching contribution; for 2007 EOC elects a match of up to 60% of the employee contribution to maximum 15% of salary or $15,500. Effective January 1, 2007, EOC amended its 403(b) tax deferred annuity plan. Download and view the Summary Plan Description for a description of the important features of the plan in non-technical language and answers to most questions.

Download and view the EOC 403(b) Plan here.

If you would like to begin contributing to the plan contact Human Resources. If you would to make changes or stop deductions, download the following change form, print a copy, fill it out and send to Human Resources at 1030 Southwood Drive, San Luis Obispo, CA 93401. Deduction stops are effective immediately upon receipt of the form. Changes will take effect on the first day of the following month following receipt of the form.

Download and view the 403(b) Contribution Change Form here.

Employees can access their personal 403(b) account information and view up-to-date account balances, transfer funds, realign your portfolio, model a loan and much more from the following link: https://www.californiapensions.com

403(b) Vanguard Investment Options

EOC’s 403(b) plan offers a choice of six Vanguard fund investment options. Eligible employees may select to invest in a single fund or any combination of funds. Current choices include:

Vanguard Fund Choices	Ticker
Vanguard 500	VFINX
Vanguard International Growth	VWIGX
Vanguard Morgan Growth	VMRGX
Vanguard Bond Index Total Fund	VBMFX
Vanguard Wellington Fund	VWELX
Vanguard Money Market Prime Portfolio	VMMXX

The following link will access fund information on line at Vanguard: www.vanguard.com. You’ll get the latest news on fund prices, performance, holdings and current average annual returns.

(viewing the plan and form requires Adobe Acrobat)