We are pleased to report that the Underground Construction Co., Inc. 401(k) Savings Plan has been successfully implemented. Underground's plan allows pre-tax employee contributions, automatic payroll deductions for contributions, immediate investment return through matching employer contributions and flexible investment options. More than 80% of eligible employees chose to participate in the Plan in the first enrollment period.

Experts estimate that you will need at least 70-80% of your current income when you retire in order to maintain the same standard of living you enjoy now, and Social Security alone won't be enough. It's never too early to start saving for a secure retirement. The sooner you start saving, the longer your money has to grow. Only you can ensure that you'll have enough money saved for your retirement. Our 401(k) plan is an exciting way to invest and watch your savings grow.

Since their inception in 1982 with the IRS goal of encouraging people to save for their own retirements, 401(k) plans have become the most popular type of retirement savings program in the United States. Employer-sponsored 401(k) plans are convenient, easy to use and are among the best retirement savings deals available.

If you are eligible and haven't already enrolled in the 401(k) Savings Plan, contact the office for enrollment forms. As the rest of you become eligible, the forms will be sent to you. Remember that it's up to you to take control of your financial future, and participation in the 401(k) plan is an easy way to start.

To Your Benefit
by Susan Lancaster

Changes can bring good things! On January 1, 1999, Underground's health insurance coverage changed to Blue Shield of California. Underground is pleased to continue full medical, dental, prescription, and life insurance coverage for employees and their dependents with no premium contribution from the employee. Our dental insurance remains with Prudential.

Our new medical plan with Blue Shield includes some extra "pluses" as additional benefits. These "pluses" include discounts on eye exams, glasses, and contact lenses at participating providers. Also included in the new plan are discounts on such services as chiropractic, acupuncture, massage therapy, fitness centers, etc.

If your doctor has prescribed a maintenance prescription for you (something you will need for an extended period of time), you may be able to receive the prescription cheaper and more conveniently with Mail Service Prescriptions. This service allows you to receive a 90-day supply of your prescription through the mail at a cost similar to a 30-day supply purchased at a participating pharmacy.

A word about visiting the Emergency Room ... If you or any member of your family experiences a life-threatening emergency, go to the nearest Emergency Room! Within 24 hours, call your personal Physician, Blue Shield Member Services at 1-800-424-6521, or call me at the Benicia office at 707-746-8800. You can also change doctors or make address changes with Member Services. Remember ... if you add a new dependent, they must be enrolled within 30 days. Just let me know and I will send you the forms to add them to your coverage. We have great insurance coverage so be sure to use it TO YOUR BENEFIT!