Corrective Amendment 2023-1 to the American Savings Bank 401(k) Plan Regarding AmeriMatch Contributions

Summary

This amendment, effective August 12, 2022, updates the American Savings Bank 401(k) Plan to correct the effective date for eliminating the one-year service requirement for employees to receive AmeriMatch Contributions. Now, eligible employees will receive these contributions starting with the first paycheck after their hire date. The amendment was executed by American Savings Bank on January 12, 2023.

EX-4.6(G) 7 heiexhibit46g.htm EX-4.6(G) Document

HEI Exhibit 4.6(g)

CORRECTIVE AMENDMENT 2023-1

TO THE

AMERICAN SAVINGS BANK 401(k) PLAN

AMERIMATCH CONTRIBUTIONS

The following amendment is made to the American Savings Bank 40l(k) Plan (the “Plan” or “ASB 40l(k) Plan”) solely for the purpose of correcting the effective date of the elimination of the one-year Company Contribution Eligibility Service requirement for eligibility to receive AmeriMatch Contributions, as reflected in Amendment 2022-2. This Amendment 2023-1 is made pursuant to the authority in Internal Revenue Service Revenue Procedure 2021-30, Section 4.05(2)(a), as follows:

1. Effective on and after August 12, 2022, with respect to “Eligibility to Participate” in AmeriMatch Contributions, Section 1.1(b) of the Plan is amended to state in its entirety as follows:

(b) AmeriMatch Contributions. The Participating Employers shall make AmeriMatch Contributions for their Eligible Employees as of the first paycheck following their date of hire.

This document is executed on January 12, 2023.

American Savings Bank, F.S.B.

By /s/ K. Elizabeth Whitehead

Its Chief Administrative Officer

7092987.1