Overview

The A&B Retirement Plan for Salaried Employees (the "Retirement Plan") is designed to help provide you and your family with a reliable source of future income. The Retirement Plan pays a benefit to you when you retire from A&B or any of its participating companies (please note that employees hired by Matson Integrated Logistics (MIL) after January 1, 2006 are not eligible for the Retirement Plan). The amount you receive is based on two factors, your...

• Compensation, and

• Length of service.

A&B pays the full cost of the Retirement Plan.

Note that the Retirement Plan described here applies to salaried, non-bargaining employees hired or rehired by A&B or any of its participating companies before January 1, 2008. It also applies to salaried, non-bargaining employees who transfer before January 1, 2008 from an employee group (either of A&B or of any participating company) that was not covered by the Retirement Plan to an employee group that is covered by the Retirement Plan.