Retirement Plans - Amazon Simple Storage Service · Earnings $1,000 Deferral Amount $10 $20 $30 $40 $50 $60 JetBlue ... Core investment choices in the retirement plans include: !

Retirement Plans Please call 1-888-989-9726 to hear this presentation Passcode: JETBLUE BlueBenefits §  Benefits Website: lifeisbetterinblue.com §  T. Rowe Price Website: rps.troweprice.com/jetblue §  Email: [email protected] §  Phone:1-800-466-5062

Welcome to JetBlue's Retirement Plans

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§  U.S. Retirement Plan

§  Puerto Rico Retirement Plan

§  Enrollment

§  Eligibility

§  JetBlue Match

§  Vesting

§  Retirement Plus

§  Profit Sharing

Today’s Discussion §  Investment Options

§  Loans

§  Hardship Withdrawals

§  In-service Withdrawals

§  Q & A

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The JetBlue Airways Retirement Plan (U.S.)

JetBlue’s 401(k) Plan allows you to contribute: §  Either a percentage or fixed dollar amount of your earnings

in pre-tax (Traditional) or post-tax (Roth) contributions §  IRS 2013 maximum contribution is $17,500 §  Additional $5,500 in Catch-up Contributions for those age 50

and over §  Rollover contributions allowed

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JetBlue Deferred Savings Plan (Puerto Rico)

§  Crewmembers can save a percentage of their pay in pretax dollars up to $15,000

§  Additional $1,500 in Catch-up Contributions for those age 50 and over

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Eligibility

Which Crewmembers are eligible to participate?

§ U.S. § Puerto Rico

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Enrolling in Retirement is Easy! Ø Phone: T. Rowe Price (800) 922-9945 Ø Online: rps.troweprice.com/jetblue

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JetBlue Match §  Dollar-for-dollar match up to 5%!

1% 2% 3% 4% 5% 6% Earnings $1,000 Deferral Amount $10 $20 $30 $40 $50 $60 JetBlue Match $10 $20 $30 $40 $50 $50

§  Contribute at least 5% to ensure you receive the maximum amount of matching contributions

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Vesting – Matching Contributions §  JetBlue match has a 5-year graded vesting schedule

§  One year = 1,000 hours of service in a calendar year

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Retirement Plus

§  5% of your earnings deposited quarterly

§  More than $18M distributed so far in 2013

§  If you don’t actively participate in the plan, an account will be set up on your behalf

§  To be eligible, Crewmembers must be employed on the last day of each quarter

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Vesting Retirement Plus §  Retirement Plus contributions have a 3-year ‘cliff’ vesting schedule

§  One year = 1,000 hours of service in a calendar year

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Profit Sharing

Profit sharing is an annual payment occurs when 15% of pretax profits exceeds 5% of eligible earnings

•  For 2012, Crewmembers received .42% of their earnings as Profit Sharing

•  You decide! Paid as cash or deposited into your retirement account (vested automatically)

•  Must be employed on December 31 to be eligible

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Investment Options

Core investment choices in the retirement plans include:

§  13 Equity Funds §  2 Fixed Income Funds §  1 Money Market Fund §  12 Target Date Retirement Funds §  JetBlue Stock

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TradeLink Brokerage Account §  Allows Crewmembers to expand and diversify their investments

beyond those available in the core investment lineup

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Loans through T. Rowe Price §  Loan are available from the vested account balance §  Must have active employment status §  Minimum loan amount

§  $1,000 §  Maximum loan amount is the lesser of:

§  50% of your vested account balance or §  $50,000

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Taking a Loan: What you Need to Know §  $50 Loan origination fee applies

§  Only one loan can be outstanding at a time

§  Repaying your loan §  Loan balances, plus interest, must be paid within 5 years §  Primary Residence loans must be repaid within 30 years

§  Initiating a new loan §  Once a loan is paid off in full, there is

a 10-day waiting period

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Hardship Withdrawals Acceptable Hardship Reasons:

§  Medical Expenses §  Purchase of your Primary Residence §  Educational Expenses §  To prevent eviction or foreclosure §  Burial and funeral expenses §  Expenses associated with repairing damage to your

primary residence

Please note: There is a 6-month restriction on contributions following a Hardship Withdrawal

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In-service Withdrawals §  Withdrawal from your Retirement Plan for one of

the following reasons: §  Age 59½ or older §  When taking a withdrawal of your Rollover

contributions §  Due to Qualified Military Service

§  No proof of hardship is required

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What you Learned Today §  Enrolling in and managing your account is easy through

T. Rowe Price – with a wide array of investment options

§  Most Crewmembers contributing 5% into their Retirement account will receive 10% from JetBlue §  5% Match and 5% Retirement Plus

§  Matching contributions vest gradually over a 5-year period

§  Retirement Plus contributions vest once you’ve reach 3 years of service

§  Loans & Distributions should be a last resort due to the financial implications

Benefits Resources

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T. Rowe Price Website: rps.troweprice.com/jetblue

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T. Rowe Price Website: rps.troweprice.com/jetblue

Benefits Website: lifeisbetterinblue.com

Your portal for important Benefits tools and plan information What you’ll find online: §  Retirement plan details §  Videos and Tutorials §  Benefits Guide §  FAQs, Articles and more!

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§  Learn more by visiting lifeisbetterinblue.com

§  Visit T. Rowe Price to enroll or update your election rps.troweprice.com/jetblue

§  Questions or Suggestions? Email us at: [email protected]

Take Action!

Q&A

If you have additional questions: BlueBenefits §  T. Rowe Price Website: rps.troweprice.com/jetblue §  Benefits Website: lifeisbetterinblue.com §  Email: [email protected] §  Phone:1-800-466-5062

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BlueBenefits §  Benefits Website: lifeisbetterinblue.com §  T. Rowe Price Website:

rps.troweprice.com/jetblue §  Email: [email protected] §  Phone:1-800-466-5062