This 401(k) Plan gives you the opportunity to save a portion of your income in a tax-sheltered savings account.  You will receive an enrollment kit from Wells Fargo after 90 days of employment and reaching age 20.  If you have not already enrolled after you complete one year of service with at least 1000 hours, you will be automatically enrolled at a deferral rate of 2% (this is the time when company matching can begin).  You then have the option to cancel this enrollment, or defer more or less.  The company's contribution and matching program add dollars to your account.  Income taxes on the contributions are deferred until withdrawn in later years.  This lowers your current tax liability.

Eligibility for Plan Participation	·       20 years of age and 90 days of service. ·       Enter immediately following completion of service requirement. ·       Enroll via the U.S. Oil Benefits Helpline (1-888-319-9451) or online at https://retirementplan.wellsfargo.com
Associate Contributions	·      1% to 90% of eligible compensation can be deferred on a pre-tax basis  (HCEs are limited to 2% higher than the previous year's non-HCE average) ·      Deferrals are limited to $15,000 for 2006, or a lesser amount for some highly compensated associates, per IRS regulations. ·      Associate contributions are 100% vested at all times.
Company Contributions	·      On contributions made after your first anniversary, U.S. Oil matches 100% of the first 2% you contribute, and 50% of the next 4% you contribute.  Matching contributions have a 5-year graded vesting schedule with one year of service required.  The 401(k) matching contributions vesting schedule is as follows: 1 vesting year – 0%, 2 years – 25%, 3 years – 50%, 4 years – 75%, 5 years – 100%.  Note:  Participants must have completed one year of service (at least 1,000 hours) and be employed on the last day of the plan year (December 31st) to obtain the Employer Match Contribution.  *Old Pre-08/01/1999 Match Contributions are 100% Vested ·      U.S. Oil makes an annual 3% Discretionary contribution.  The 3% Discretionary contributions are based on earnings after the first anniversary, and are vested at 100% at all times.  Note:  Participants must have completed one year of service and be employed on the last day of the plan year (December 31st) to obtain the Employer Contribution.  *Old Pre- 08/01/1999 Contributions are subject to the previous seven (7) year vesting schedule. ·      All accounts are fully vested upon death, disability, or at the Plan's Normal Retirement Age sixty-five (65).
Changes You Can Make	·       Request to change, stop or resume contributions daily. ·       Change investments for future contributions and/or existing balances daily. ·       Make changes through use of the toll free Benefits Helpline or via OmniWeb at https://retirementonline.wellsfargo.com/omniweb3.htm
Investment Funds	Wells Fargo Stable Return, Wells Fargo Advantage Total Return Bond, Wells Fargo Advantage Growth Balanced Admin, T. Rowe Price Value, Vanguard Value Index Admiral, Vanguard Institutional Index, American Funds AMCAP R5, Vanguard Growth Index Admiral, Goldman Sachs Mid Cap Value, Vanguard Mid Cap Index, Artisan Mid Cap, Wells Fargo Advantage Small Value Admin, Vanguard Small Cap Index, Vanguard Explorer Admiral, Templeton Institutional Foreign Equity, Vanguard Total International Stock, Artisan International.
Distributions And Withdrawals	You may receive money from the vested portion of your account in three ways: Loans; Hardship Withdrawals; or Distributions (retirement, termination, disability, or death).  Note that distributions prior to age 59 ½ may be subject to an additional 10% federal penalty unless rolled into an IRA or another qualified plan.

This information serves only as a brief summary of the program.  For more information please contact Benefit Services to secure a copy of the Summary Plan Document or contact Wells Fargo directly at 1-888-319-9451.