Love's & Affiliated Companies 401(k) Savings Plan
SUMMARY OF MATERIAL MODIFICATIONS FOR THE LOVE’S AND AFFILIATED COMPANIES 401(K) SAVINGS PLAN
NOVEMBER 1, 2017
(1) General. This is a Summary of Material Modifications made to the Love’s and Affiliated Companies 401(k) Savings Plan (the “Love’s 401(k) Plan”). This Summary of Material Modifications describes changes made to the Plan in connection with the Acquisition of Speedco, Inc. (“Speedco”) and supplements the Plan’s Summary Plan Description (“SPD”) (2) Summary of Current Plan Provisions concerning Participation . Under the Love’s 401(k) Plan, employees become eligible to participate after completing 3 months of service and attaining age 21. The actual participation date ( the “Entry Date”) is the first day of the calendar quarter that coincides with or follows completion of the eligibility requirements. These provisions have been modified for employees of Speedco who were employed by Speedco on November 1, 2017. (3) Description of Modification. The Eligibility and Entry date provisions described above have been modified as follows: Eligibility . If you are employed by Speedco on November 1, 2017, you will be eligible to participate in the Plan in accordance with the eligibility provisions of the Plan. However, for purposes of determining your eligibility to participate in the Plan your employment service with Speedco will be counted. Entry Date. If you are employed by Speedco on November 1, 2017 and you have satisfied the eligibility requirements, as modified to include your service with Speedco prior to November 1, 2017, you will be permitted to participate in the Love’s 401(k) Plan as of November 1, 2017.
If you have any questions, please contact the Plan Administrator: Love’s Travel Stops & Country Stores, Inc. 10601 N. Pennsylvania Oklahoma City, Oklahoma 73120 (405) 751-9000
Summary of Material Modifications for Speedco 11-15-17
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