Re: Savings Plan v. 401K

Kate -

401K and the cash balance retirement plan are 2 separate plans. You are
automatically enrolled in the cash balance plan - you would be eligible to
participate for the year 2000. Going forward, at the end of each year, Enron
will set aside 5% of your salary into an account (Enron directs these
funds). This account has a 5 year vesting period meaning that you must stay
with the company for 5 years to be eligible to receive these funds when you
leave.

Does this help?

Amy

Kate Symes 01/16/2001 09:34 AM

To: Amy FitzPatrick/PDX/ECT@ECT
cc:
Subject: Savings Plan v. 401K

I'd like to enroll in the Enron Savings Plan program; however, when I was
navigating through the savings plan website, I started wondering if the
retirement plan and the self-directed brokerage account are the same thing. I
think you probably have some information regarding these plans. Could I
borrow that later this afternoon, or even better, sit down with you for a
minute to clarify which plans I am eligible to enroll in and when? Thanks in
advance for your time.

Kate