Introduction

Alexander & Baldwin, Inc., and its subsidiaries, is pleased to introduce your up-to-date, electronic A&B Benefits Handbook. Your Benefits Handbook is designed to serve as the Summary Plan Description (SPD) for each benefit requiring the publication of an SPD. Therefore, it is important that you review the Legal Information section, which provides important details about the administration of your benefit plans.

Print copies of the entire electronic document are available upon request from your local Human Resources representative. If there is a discrepancy between the print copy you receive and the online version, the online version will govern.

While we encourage you to familiarize yourself with the contents of your Handbook, and to refer to it in the future, you may also contact your local Human Resources representative if you need any assistance regarding your benefits.

While federal law requires A&B to make SPDs available for most of its benefit plans, the Benefits Handbook goes beyond this requirement to create a valuable resource you can turn to whenever you have a question about your benefit needs.

The points below summarize what you’ll find in each Handbook section...

• Benefit Basics — This section provides information regarding eligibility, basic facts related to A&B’s benefits program, and a special section explaining how certain life events can affect your benefits.

• Health Care Benefits — Our most popular section contains details on A&B’s medical, vision, and dental plans. Specifically, you’ll find what the plans cover, directions on how to file claims, and more.

• Survivor and Disability Benefits — Here you’ll find details regarding some plans we hope you never have to use… life, accident insurance, and long-term disability insurance.

• Reimbursement Accounts — These two accounts can offer tax savings for many employees who have predictable health care and dependent care expenses. This section includes a summary of eligible expenses and details on filing claims.

• Retirement and Investment Program — Planning for retirement is easy with A&B. The company-paid retirement plan, Individual Deferred Compensation (IDC) Plan, and the Profit Sharing Retirement (PSR) Plan all help you plan for the future.

• Other A&B Benefits — All other A&B benefits are described in this section, including paid time off benefits, leaves of absence, educational assistance, health and life insurance benefits for retirees, and more.

• Legal Information — This section provides information on your rights under federal law, the official plan directory, and other required information.

You may print any of these sections should you feel the need. In addition, as mentioned above, a print copy of this online document is available from your local Human Resources representative upon request.

Below is a listing of the various benefit acronyms used throughout your Benefits Handbook.