2020SDCPNEWPORT

To verify the authenticity of this email’s contents, visit Cat @Work and enter this code into the search: 2020SDCPNEWPORT If you do not have access to Cat @Work, please visit Benefits.cat.com > Announcements (https://benefits.cat.com/en/announcements.html) and look for the code 2020SDCPNEWPORT.

DATE: July 31, 2020

SUBJECT:  Our New Non-Qualified Deferred Compensation Plans Provider

Over the past year, Caterpillar has been evaluating administrative partners for the non-qualified plans to ensure both you and Caterpillar receive high quality services.

As a result of that evaluation and after a thorough due diligence process, Caterpillar selected Newport Group (Newport) as the new administrator for the deferred compensation plans effective September 1, 2020. A list of our deferred plans is provided at the end of this communication.

Newport has been a leading retirement services and asset management firm specializing in the design, funding, and administration of deferred compensation plans for large companies for more than 30 years.

Caterpillar and Newport will be working together closely to ensure a smooth transition. During the process, you will receive additional communications from Caterpillar and Newport to help prepare you for the transition and keep you informed of key dates and logistics. Some of the benefits you will experience once the transition is complete include:

  • An enhanced website with tools for monitoring your balance and managing your participation and elections
  • An improved and easier to use mobile experience for accessing your account through tablets and smartphones
  • A service center staffed with non-qualified benefit specialists to provide you with personalized service

We are excited about this new partnership with Newport and encourage you to watch for subsequent communications for details related to the transition, including further details regarding key dates and what to expect during the plan transition

If you have any questions, please contact Lisa Park at (309) 494-1651 or Park_Lisa@cat.com.

List of Deferred Plans transitioning to Newport

  • Supplemental Deferred Compensation Plan (SDCP)
  • Supplemental Employees’ Investment Plan (SEIP)
  • Deferred Employees’ Investment Plan (DEIP)
  • Caterpillar Global Mining Legacy Deferred Compensation Plan (CGMLDCP)
  • Caterpillar Global Mining Legacy Supplemental Executive Retirement Plan (CGMLSERP)