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TAX QUALIFICATION |
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Because the Enron Savings Plan is a tax-qualified plan, Newby distributions are eligible for rollover to IRAs and other qualified employer plans. The IRS Determination Letter stating that the Enron Savings Plan is a tax-qualified plan can be found here. |
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FINAL DISTRIBUTION FROM PLAN The Enron Corp. Savings Plan ("Savings Plan") is in the process of making the final distribution of all remaining funds in the Savings Plan. These funds represent the remaining proceeds the Savings Plan received for the claims Fiduciary Counselors filed in the Newby private securities litigation settlement and in the Enron Victim Trust, which was established to handle the proceeds of actions brought by the U.S. Securities and Exchange Commission and the U.S. Department of Justice in connection with the fraud at Enron.
On August 3, 2018 we sent participants and beneficiaries notices and election forms for the final distribution. Completed election forms are due at the Enron Savings Plan Newby & EVT Distribution mailing address at Gilardi & Co. by October 2, 2018.
If you currently have an account in either of the successor plans to the Savings Plan – PGE 401(k) Plan and EOG Plan – you will not receive an election form because your share, if any, of the remaining proceeds has been allocated directly to your account in your plan. On Friday, August 10, notices were mailed to participants in the successor plans who are receiving allocations, and those allocations have been posted to participant accounts.
Because this final distribution is substantially smaller than the three previous distributions, fewer participants will receive distributions this time. We will update this page as new information is available. This page will be updated before any further information will be available from Fiduciary Counselors, Gilardi & Co. or the Enron Victim Trust claims administrator. |
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CORRESPONDENCE WITH PARTICIPANTS REGARDING THE FINAL DISTRIBUTION |
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August 3, 2018
Letter to plan participants. |
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CORRESPONDENCE WITH SUCCESSOR PLAN PARTICIPANTS REGARDING THE FINAL DISTRIBUTION |
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August 10, 2018
Letter to successor plan participants. |
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CORRESPONDENCE WITH PARTICIPANTS REGARDING THE PLAN’S THIRD ROUND OF DISTRIBUTIONS |
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December 28, 2012
Letter to plan participants. |
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CORRESPONDENCE WITH PARTICIPANTS REGARDING THE PLAN’S SECOND ROUND OF DISTRIBUTIONS |
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September 2, 2011
Letter to plan participants. |
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CORRESPONDENCE WITH PARTICIPANTS REGARDING THE PLAN’S FIRST ROUND OF DISTRIBUTIONS |
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February 12, 2010
Letter to plan participants who received a distribution in the Newby Settlement only. |
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February 12, 2010
Letter to plan participants who received a first round distribution from other sources in addition to the distribution from the Newby Settlement or whose distribution was reduced by a Tittle overpayment. |
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March 5, 2010
Letter to plan participants whose allocation from the Newby Settlement and other sources was less than their Tittle overpayment. |
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CONTACT INFORMATION |
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Gilardi & Co., LLC is assisting Fiduciary Counselors with administering the distribution process. Questions about your election form, the Newby settlement and this allocation or previous allocations can be directed to the Customer Service Center using the US toll-free number 1-877-234-4518 or you may email questions to classact@gilardi.com |
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CHANGE OF ADDRESS NOTIFICATION |
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Please keep your contact information up-to-date, by contacting Gilardi using the information listed above, to ensure you receive any future distributions to which you may be entitled. |