Administrative Information

The following information applies to the Alexander & Baldwin, Inc. benefits program.

Plan Administrator

Alexander & Baldwin, Inc. (822 Bishop St., PO Box 3440, Honolulu, HI 96801, 808-525-6611) is the Plan Administrator for the benefit plans discussed in this Handbook.

For many plans, A&B has chosen an insurer, trustee or administrator of services to act on its behalf. Therefore, references to "plan administrator" may refer to the entities listed in the Directory Of Plans.

Plan Sponsor

Alexander & Baldwin, Inc. (822 Bishop St., PO Box 3440, Honolulu, HI 96801, 808-525-6611) is the Plan Sponsor for the benefit plans described in this Handbook, with the exception of the following: The A&B Retirement Plans for Salaried Employees of...

• Alexander & Baldwin, Inc. is sponsored by Alexander & Baldwin, Inc.

• Matson is sponsored by Matson Navigation Company, Inc.; Matson Integrated Logistics, Inc.; Matson Integrated Logistics (Texas), Inc.; Matson America Transportation Services, LLC; Matson Terminals, Inc.; Matson Services, Inc.; Matson Leasing Company, Inc.; and Matson Intermodal Systems, Inc.

• Hawaiian Commercial & Sugar Company is sponsored by Hawaiian Commercial & Sugar Company.

• Properties and Food Product Subsidiaries is sponsored by A&B Properties, Inc; East Maui Irrigation Company, Inc; Hawaiian Duragreen, Inc.; Kahului Trucking & Storage, Inc.; Kauai Coffee Company, Inc.; Kauai Commercial Company, Incorporated; Kukui'ula Development Company, Inc.; McBryde Sugar Company, Limited; South Shore Community Services, LLC; and South Shore Resources, LLC.

Please refer to Employer Information for Company addresses and other information.

Agent For Service Of Legal Process

Process may be served on any of the benefit plans by directing such legal process to the Plan Administrator or Trustee.

Plan Year

The A&B benefits plans discussed in this Handbook are administered on a calendar-year basis, beginning January 1 and ending December 31.

Plan Financing And Contributions

The source of contributions for the benefit plans described in your Benefits Handbook is employer and/or employee contributions, as determined by A&B and, in many cases, based on the individual employee elections. (For more details, refer to the individual benefit plan descriptions provided in the other sections of your Benefits Handbook.)

The funding of these plans is either insured or self-insured, as noted in the Directory of Plans.

Plan Documents

The benefit plan descriptions contained in your Benefits Handbook summarize the main features of the A&B benefits program, and are not intended to amend, modify or expand the plan provisions. In all cases, the provisions of the plan booklet, document, master insurance contract, or trust agreement control the administration and operation of the plans.

If a conflict exists between a statement in your Benefits Handbook and the provisions of the plan booklet, document, master insurance contract, or trust agreement, the plan booklet, document, master insurance contract, or trust agreement will govern.

Every effort has been made to ensure that the information in this Handbook correctly reflects the terms of the plan document, master insurance contract, group plan certificate or trust agreement.

In certain circumstances, key provisions of these Plans have been summarized. The Administrators of the applicable Plans will administer these and all other provisions in accordance with the documents referenced above. Thus, the Plan Administrator's decisions may vary somewhat from the summary provided in this Handbook.

The information in this Handbook applies only to Alexander & Baldwin, Inc. salaried non-bargaining employees working in the U.S. or its territories and possessions. All references to Alexander & Baldwin, Inc. or "A&B" include all other participating companies listed in the Employer Information table, unless specified otherwise.

Discretionary Authority Of  Plan Administrator And Plan Fiduciaries

In carrying out their responsibilities, A&B, the Plan Administrator and the Plan Fiduciaries have the discretionary authority to interpret the terms of the plans, and to determine the eligibility for benefit payment. Any interpretation or determination made by such discretionary authority shall be given full force and effect, unless it can be shown that the interpretation was arbitrary and capricious.

No Guarantee Of Employment

By adopting and maintaining these plans, A&B has not entered into an employment contract with any employee. Nothing in the plan documents or this document gives any employee the right to be employed by the Company or to interfere with the Company's right to discharge any employee at any time. Similarly, these plans do not give A&B the right to require any employee to remain employed by the Company, or to interfere with the employee's right to terminate employment with A&B at any time.

Plan Future

While Alexander & Baldwin, Inc. intends to continue these plans, it reserves the right, in its sole discretion, to terminate, suspend, withdraw, amend, or modify the plans and/or policies (including altering the amount you must pay for any of these benefits) in writing, in whole or in part, at any time. Any such action is subject to the applicable provisions of the plan document; however, if a plan is terminated, it will not affect any claim made when the plan was in force.

Either the policyholder (A&B) or the carrier can cancel coverage by giving 31 days written notice. If A&B terminates the Plan, you may be able to convert your group coverage(s) to an individual policy(ies); however, certain restrictions and limitations may apply.