TRANSAMERICA Retirement Solutions 401(k)

The ABB OPTICAL GROUP, LLC 401(k) Profit Sharing Plan is one of the best ways to save for retirement. Here are some of the features you can look forward to when you become a participant.

2015 Summary Annual Report

PARTICIPATION
Eligibility: Employees of ABB OPTICAL GROUP are eligible to participate in the plan after 18 years of age and 90 days of service. If enrollment has been completed in time, the first deduction will be on the first payroll. Otherwise, deductions will start the next available payroll after enrollment.

If you are an ABB OPTICAL GROUP employee, unless otherwise elected, you will be automatically enrolled to defer 3% of compensation immediately, and your deferrals will be increased 1% a year automatically until you are deferring 6% of your salary. You can opt out or change your contribution amount any time.

CONTRIBUTIONS
Pre-tax contributions: You can contribute to the plan on a pre-tax basis, subject to the IRS annual contribution limit ($18,000 for 2016). The combined total of pre-tax and Roth contributions cannot exceed the IRS annual limit.

Roth 401(k) elective contributions: Roth 401(k) elective contributions You can contribute to the plan on an after-tax basis, subject to the IRS annual contribution limit ($18,000 for 2016). The combined total of pre-tax and Roth contributions cannot exceed the IRS annual limit.

Company matching contributions: ABB OPTICAL GROUP provides a Safe Harbor match of 100% on the first 1% of your pay that you contribute to the plan per pay period, and 50% on the next 5%. Your contributions are matched whether you contributions are pre-tax or Roth. (Please be aware that it is possible you may not receive the full employer matching contribution if you do not spread your 401(k) contributions equally throughout the entire calendar year.)

Additional "catch-up" contributions: Employees age 50 and older can make extra “catch-up” contributions once they've reached the regular contribution limit. The catch-up limit for 2016 is $6,000. Any catch up contribution into the plan is not eligible for a matching contribution.

Rollover contributions: The plan accepts rollovers from other 403(b) plans, 401(k) and governmental 457 plans, and Rollover IRAs. You do not need to be eligible to participate in the plan in order to roll over your account from a previous employer's qualified plan. There may be tax consequences to rollover contributions. Consult your tax advisor for considerations.

Vesting: You are always 100% vested in the value of your contributions, subject to any investment gains or losses. Employer matching contributions are 100% vested after 2 years of service.

INVESTMENT OPTIONS
Investment choices: The plan offers you a diversified group of investment options to direct your contributions into. If you do not make an investment election, your contributions will be placed in the plan default investment, the PortfolioXpress option that is appropriate based on your age. You can choose to move your money from this fund and direct future contributions at any time.

ACCESSING YOUR SAVINGS
Withdrawals: You can withdraw your contributions, subject to income taxes, upon reaching a distributable event. Those events include, Termination, Disability, Retirement, or reach age 591/2. Under certain circumstances, you may make a hardship withdrawal against your account balance. One loan is also available as a form of distribution. Please consult your Summary Plan Description for distribution questions.

Withdrawals or pre-tax contributions and/or investment earnings on after-tax contributions are subject to current income taxes, and those made before age 591/2 may be subject to an additional 10% tax. Please consult your tax advisor for details. ENROLLMENT You can enroll online.

ENROLLMENT
You can enroll online or over the phone.
Log on to TRANSAMERICA Retirement Solutions or call 800-755-5801.

Summary Plan Description (SPD): A copy of the The ABB OPTICAL GROUP 401(k) Savings Plan SPD is available for you to review from TransAmerica or from the Plan Administrator.

All plan information provided above is general in nature, and the plan document must be referred to for the exact plan guidelines.