• The Plan has received a favorable determination letter from the IRS on its new amended plan structure independent of TWA, AMR, or ALPA. That means you can expect business as usual from the Directed Account Plan as promised early in 2001 when the Plan was threatened with termination. You can expect a new Summary Plan Description early this year. The SPD will give you an overview of Plan features and investments including the Benefits Express System and utilizing our Web Sites.
• The Directed Account Plan year-end statement will be mailed out on January 25,2002. You can expect three quarterly and one year-end statement in the future. You may also receive a statement on demand anytime and/or more detailed account information by visiting the Web Site at www.resources.hewitt.com/4twadap with your social security number and personal identification number (PIN).
• RETIREES- The 2002 minimum required distribution (MRD-70 ½) will be computed for you and notification of that amount will be mailed to those individuals affected by the rule. If you do not take out enough during the year to satisfy the IRS MRD, we will send you the shortfall in December to avoid the 50% penalty. Regular monthly installment payments will continue to come out of your account on the third Friday each month and sent to you by mail or direct deposit on the fourth Friday. Tax-year closing dates require the December installment to be made on a varying schedule earlier than the third Friday.
• BENEFICIARY FORMS – There have been too many cases of deceased participants not having a beneficiary form on file. Check with Benefits Express to make sure your form is up to date and correct. Forms are available for download on www.4twadap.com. The death of any DAP participant should be reported to Benefits Express as well as TWA, LLC and [email protected].

Contact the Directed Account Plan Office at 314-739-7373 if you have any questions.