Changes To 401(k) Plan

Independent is required to provide a Summary of Material Modifications to the 401(k) Plan for the new plan year that begins July 1.


To: Participants and Beneficiaries of Independent Newsmedia Inc. USA 401(k) Profit Sharing Plan

From: Independent Newsmedia Inc. USA

Re: Summary of Material Modifications

Date: June 6, 2012

This is to inform you of recent changes to our Plan.

This is a summary of said changes. Please file this "Summary of Material Modifications" with your Summary Plan Description (the booklet that explains your Plan). If you would like to see the full text of the changes, you may inspect the Plan Document or receive a copy of the changes as explained in the "ERISA Rights" section of your Summary Plan Description.

The Plan Administrator has amended your plan, as follows, effective as of July 1, 2012:

If a terminated participant does not make an election to receive his or her distribution as a lump sum or eligible rollover, and his or her vested account balance is greater than $1,000 but less than $5,000, the Plan Administrator may pay the vested account balance to an Individual Retirement Account (IRA) as selected by the Plan Administrator.

If you have any questions on this Summary or the amendments to your plan, contact your Plan Administrator:

Independent Newsmedia Inc. USA
110 Galaxy Drive
Dover, DE 19901
inipayroll@newszap.com; or (800) 426-4192

Notice For Independent's 401(k) Plan

Below is the QDIA (Qualified Default Investment Alternative) Notice for Independent’s 401(k) plan. At the start of each new plan year this notice must be provided in an effort to keep Independent’s plan in compliance with all the new and updated regulations.

NOTICE

OF DEFAULT INVESTMENT ALTERNATIVE FOR THE

PLAN YEAR BEGINNING JULY 1st

Independent Newsmedia 401(k) Plan

Investment of Contributions

This notice advises you that you have the right to direct the investment of your existing Plan account assets and your future contributions. You may choose to invest your contributions in several different investment funds that have various degrees of risk and return. You can make an election regarding how your account should be invested in a number of ways:

• By completing an Enrollment Application,

• By calling the Plan’s toll free voice response unit (1-800-395-1113),

• By logging onto the Nationwide system website www.jhpensions.com/www.jhnypensions.com

• By calling Lincoln Benefits Group (1-800-826-7859) ext. 124

If you do not choose investment options any contributions made to the Plan on your behalf will be invested in a Qualified Default Investment Alternative (“QDIA”) or “default investment” selected by the Plan’s Investment Committee and investment advisor. Your existing account balance attributable to previous default investments and your future contributions for which no investment direction is provided by you will automatically be invested in the default investment described below.

The default investment for the Plan is the John Hancock Lifestyle Balanced Fund which is intended to meet the requirements of a QDIA based on Department of Labor regulations. This fund seeks to achieve a balance between a high level of current income and growth of capital by investing 40% of the assets in portfolios that invest primarily in fixed-income securities and approximately 60% of the assets primarily in equity securities. The funds expense ratio may vary. Please review the attached disclosure sheet for more information.

Transfers out of the Default Fund

You do not have to leave your money in the Plan’s QDIA If you decide that you want to invest your account differently, you may move all or any part of your account balance to other investment options offered under the Plan. Your transfer from the QDIA is not subject to any restrictions, fees or expenses (including redemption fees and similar expenses) during the first 90 days of your first investment in the QDIA or within any additional time it takes to complete your transfer. After such time period, your transfer from the QDIA will be subject to the same restrictions, fees and expenses as are applicable to other participants who affirmatively elect to invest in the QDIA. Information about these restrictions, fees and expenses are described on the attached fund sheet(s).

If you do not make an investment fund selection at the time you are enrolled and you later wish to invest your contributions in investment funds other than the default fund or if you need additional information regarding the investment funds available under the Plan you may initiate a transfer or obtain fund information online at www.jhpensions.com/www.jhnypensions.com or by calling the John Hancock at (800) 395-1113

Please note that changes to the investment of ongoing contributions must be made separately from changes to existing assets in your account.

Beneficiary Designation

You have the right to designate a beneficiary for your account by completing the beneficiary designation form provided in your enrollment package and returning it to your employer. If you do not designate a beneficiary for your account, benefits payable upon your death will be made to your spouse if you are married and to your estate if you are not married at the time of your death.

Questions and Additional Information

If you have any questions or need additional information regarding the Plan please contact the Plan’s advisor, LBG, at 800-826-7859.

This Bud's For:

Deb - thank you so much for handling payroll while I was out playing in Nashville and North Carolina.  You are the best.

Yvonne - thanks for saving the DSN every day while I was on vacation so the microfilm supply was up to date without causing me to do a lot of searching upon my return.  Your assistance is always appreciated.

Sheila Clendaniel

July Birthdays

7/7 , Angela Bridges , Okeechobee News
7/7 , Teresa Mataushek , Okeechobee News
7/9 , Debra Friedl , Independent of Arizona
7/12 , Richard Naughton , Valley Newspaper Printing
7/19 , Patricia Brant , Caloosa Belle
7/20 , Louise Dowling , Okeechobee News
7/21 , Elizabeth Brown , Delaware Printing Company
7/22 , Allan Ryder , Delaware State News
7/23 , Benny Rivera , Valley Newspaper Printing
7/24 , Josephine Sudler , Daily Banner
7/25 , Donald Hawkins , Delaware Printing Company
7/27 , Jessica Eisenbrey , Delaware State News
7/29 , Van Eastman , Valley Newspaper Printing
7/30 , Wanda Ford-Waring , Corporate
7/30 , Zenaida Matute , Valley Newspaper Printing

July Anniversaries

7/1 , 26 YRS , Sylvia Windsor , Daily Banner
7/2 , 6 YRS , Donny Jacobs , Valley Newspaper Printing
7/2 , 26 YRS , Sandra Stokes , Daily Banner
7/4 , 40 YRS , Wanda Ford-Waring , Corporate
7/4 , 1 YRS , Timothy Menasco , Delaware State News
7/5 , 2 YRS , Ashley Dawson , Delaware State News
7/5 , 1 YRS , Curtis Marple , Delaware Printing Company
7/5 , 1 YRS , Adam Riggin , Crisfield Times
7/11 , 5 YRS , Terrance Thornton , Northeast Group Independent
7/12 , 7 YRS , Gerald Bradshaw , Sun City Independent
7/18 , 1 YRS , Adam Arrington , Delaware State News
7/18 , 6 YRS , Michael Watson , Valley Newspaper Printing
7/21 , 10 YRS , Thomas Byrd , Independent of Florida
7/21 , 15 YRS , Burkey Emmons , Delaware Printing Company
7/21 , 15 YRS , Deborah Myers , Sun City Independent
7/24 , 6 YRS , James Hoesch , Corporate
7/25 , 9 YRS , John Redman , Delaware State News
7/25 , 24 YRS , Josephine Sudler , Daily Banner
7/25 , 1 YRS , Tyrell Sullivan , Delaware Printing Company

A Note of Praise for the DPC Night Crew

Tom,


Just a note to let you know how pleased I am with the service I am receiving from the current night crew. So often people are quick to find faults in others but do not take the time to recognize their positive qualities. I have been meaning to notify you for a while now but when I think of it, I am driving and don't have access to a computer and I'm certain you wouldn't want me to call you in the early morning hours. Tony Blue has been efficient in getting the Cape Gazette to me in a timely fashion and operates the forklift flawlessly. Keith calls me to let me know that my papers are ready and doesn't hang up until he shares a kind word such as "drive safely", "look forward to seeing you", etc. When I arrive, they both make me feel that I am the most important person in the building. Several others whose names I don't know are always pleasant and show genuine care that I receive top notch service. Thanks for providing me with a great team. Keep up the good work!

Thanks,
Joni Weber

Dover woman finds strength from late husband

Cancer survivor Cyndi Maki-Eldred stands next to a Kwanzan cherry tree dedicated on the grounds of the Delaware State News to her husband Tom, the former State News senior editor who died of lung cancer on April 5, 1010. She will be the keynote speaker at the American Cancer Society’s Relay for Life in Milford Friday.

Maki-Eldred to speak at Milford Relay for Life

By Craig Anderson

Delaware State News

MILFORD — One cancer survivor plans to pass along the uplifting words and attitude of her late best friend as the American Cancer Society’s Relay for Life unfolds in Milford Friday night.

While enduring her own bout of kidney cancer in 2010, Cyndi Maki-Eldred took great strength from her husband Tom, the longtime local journalist who had died from Stage 4 lung cancer just a short time earlier. The emotional wounds of losing her spouse hadn’t yet healed when the 54-year- old Dover resident received her own diagnosis of bad news three months after he passed away.

Mr. Eldred, who was a fitness enthusiast and regular tennis player who had never been seriously ill before the fast-moving cancer diagnosis on Oct. 7, 2009, remained strong even in the face of a life change that suddenly had him in chemotherapy and taking up to 30 pills per day before passing away on April 5, 2010.

“A source of strength for me was knowing how Tom lived his life and the response he had to his own cancer,” said Mrs. Maki-Eldred, a 28-year advertising manager at the Delaware State News, where she met her husband.

“He said ‘I’m not afraid, I’m not angry, I’m not depressed. I’ve got great children, a great loving wife and a job that I’m passionate about. I’ve had a great life.’ “He was a person who got up every day and tried to take the most out of every second he was on earth right until the end. He faced the challenge of cancer in the same way, and I took a lot from that.”

Mrs. Maki-Eldred will be the guest speaker at the 13th annual Milford event that aims to raise more than $115,000 for the American Cancer Society’s research, education, advocacy and patient service programs. There are 32 teams scheduled to circle the Milford Middle School track from 6 p.m. Friday to 6 a.m. Saturday, joined by the community that will be treated to “fun, food, music, entertainment and a night under the stars,” according to relay chairwoman Lorna Petchey.

There will be plenty of activity for the kids, including moon bounces, clowns, pony rides, a puppet show, games, crafts and contests.

“It’s a big family night and fun time,” Ms. Petchey said. “Obviously there’s a serious side of it, but people of all ages are invited for a lot of different activities. The more the merrier.”

Joining the fight against cancer this year are some brave souls who will participate in the first MissTER Relay, a contest where men will compete in pageant events that include an evening gown and an interview portion.

Each contestant will take laps around the track to collect vote donations, and the winner will be determined by the most donations collected and highest score by an independent panel of judges.

From 6 to 8 p.m., attendees can purchase a luminaria in memory or honor of someone who has been touched by cancer. The luminaria bags will be placed around the track and lit during a 9 p.m. ceremony.

“I encourage everyone to come out to the event to cheer on cancer survivors during the opening ceremony and to remember everyone touched by cancer during the luminaria ceremony at dusk,” said Cancer Action Network advocate Cindy Canevari. “We invite all local cancer survivors, family and friends to attend.”

For more information about Relay for Life or cancer, call 1-800-227-2345 anytime or go to the ACS website at www.cancer.org. For information on Relay for Life of Milford, call Ms. Petchey at 725-7886 or email milfordrelayde.gmail.com  

Staff writer Craig Anderson can be reached at 741-8296 or canderson@newszap.com. Follow him on Twitter@DSNAnderson.



Left to Right: Yvonne Kirksey, Cyndi Eldred, Jo Schmeiser