Overview

The Alexander & Baldwin, Inc. Profit Sharing Retirement (PSR) Plan has been established to enable eligible employees to benefit from the Company's financial success.

Under the PSR Plan, the Company may contribute a share of its pre-tax earnings each year to the Accounts of eligible plan participants. These contributions are not considered taxable to the participant until the participant actually receives a distribution from the Account.

Participation requirements are described in the beginning of the Retirement And Investment Programs section of this Handbook. Once you become a participant, the Plan Administrator will establish a PSR Account in your name. This Account will be credited with your share of the PSR contributions, as well as any investment earnings, expenses, gains, and losses you incur.

For additional details, you should refer to the IDC Plan description as much of the information provided in that section applies to the PSR Plan as well.