Active Transition Brochure

8/11/2019 Active Transition Brochure

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Guiding your way through

the exciting plan changes ahead.As previously announced, Fidelity Investments (Fidelity)will become the new provider of recordkeeping services for

the Halliburton Retirement and Savings Plan (the R&S Plan)

beginning January 2011.

Here are details on the transition, the changes coming your way,

and how it will affect you as well as action steps you can take.

Important notice regarding your rights under the Halliburton Retirement andSavings Plan. This notice is to inform you that recordkeeping services for the

Halliburton Retirement and Savings Plan will be moving to Fidelity.

Transition Guide


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Table of contents

Its a great time to maximize your R&S Plan benefits Page 3

Calendar of key transition dates Page 4

What will be available at Fidelity Page 8

Making the most of your R&S Plan transition Page 11

Your investment options Page 11

Changes to trading restrictions Page 12

Convenient account access

beginning the week of January 2, 2011 Page 15


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We encourage you to use this guide as a resource to help you during the

transition of recordkeeping services to Fidelity.

In preparation for the transition to Fidelity, you should:STEP 1 Plan ahead and pay close attention to the key transition dates

(see page 4)

STEP 2 Take a look at whats new and whats staying the same (see page 8)

STEP 3 Learn more about the transition by attending a webcast or viewing

a recorded workshop (see page 11)

STEP 4 Starting the week of January 2, 2011, after the blackout period, go

to www.halliburton.com/totalrewards for access to your R&S Plan

account through Fidelity (see page 15)

At a glance:

Continue to use the currentYour Benefits Resources Web sitehttp://resources.hewitt.com/halliburtonbenefitsand the Halliburton Benefits Center at Hewittat 1-800-535-8130 for all of your R&S Plantransactions and questions until the transition

to the Halliburton Benefits Center at Fidelitybegins in late December. See pages 46 forkey transition dates.

Customer Service Associates at the HalliburtonBenefits Center at Fidelity are available now toanswer basic questions about the transition. Call1-866-321-0964 (international, use your countrysAT&T access code) or 857-362-5980, option 2,Monday to Friday, 7:30 a.m. through 7:30 p.m.Central Time.

The investment options and the investment firmsmanaging the assets of the R&S Plan will remainthe same. Therefore, it will not be necessaryto choose new investment options; however,now may be a good time to review your invest-ments to make sure that they are meeting your

investment goals. State Street Bank and TrustCompany will also continue as the Trustee ofthe R&S Plan.

During the week of January 2, 2011, all serviceswill be available with Fidelity. This may happenas early as January 3, 2011, but please be awareit may not occur until later that week. You willreceive an e-mail when the blackout period ends.

Its a great time to maximizeyour R&S Plan benefits.


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Calendar of key transition dates.

To ensure that all information regarding your R&S Plan account is transferred accurately from Hewitt toFidelity, there will be a period of time when you will be unable to direct or diversify your investments in yourindividual accounts, obtain a loan from the R&S Plan, or obtain a withdrawal or distribution from the R&S Plan.This time during which you will be unable to exercise your rights otherwise available under the R&SPlan is called a blackout period. The blackout period will begin with restrictions on certain transac-tions effective at 3:00 p.m. Central Time on December 23, 2010. It will continue with further restric-tions on other transactions effective December 30 and 31, 2010, as described below. The blackoutperiod is expected to end during the week of January 2, 2011. During this time, you can determinewhether the blackout period has started or ended by calling the Halliburton Benefits Center at Fidelityat 1-866-321-0964 (international, use your countrys AT&T access code) or 857-362-5980, select option2, or online beginning January 1, 2011, at www.halliburton.com/totalrewards.

Whether or not you are planning retirement in the near future, we encourage you to carefully considerhow this blackout period may affect your retirement planning and your overall financial plan.

During the blackout period, you will be unable to direct or diversify the assets held in the R&S Plan. Forthis reason, it is very important that you review and consider the appropriateness of your current invest-ments in light of your inability to direct or diversify those investments during the blackout period. Foryour long-term retirement security, you should give careful consideration to the importance of a well-

balanced and diversified investment portfolio, taking into account all your assets, income, and investments.

R&S Plan transition activity calendarReview the calendar of events to understand how account activities may be affected during theblackout period. If you would like to request any transactions before the blackout period begins, goto the current Your Benefits Resources Web site at http://resources.hewitt.com/halliburtonbenefitsfrom any computer with Internet access, or connect through HalWorld. You can also call theHalliburton Benefits Center at Hewitt at 1-800-535-8130.

KEY DATE PLAN ACTIVITY WHAT IT MEANS TO YOU

November 17, 2010 The Halliburton Benefits Center atFidelity opens for questions about

this transition guide.The current Halliburton BenefitsCenter at Hewitt remains open forbusiness as usual for all R&S Plantransactions and questions.

Review this transition guide.

Questions about the transition? Contact

the Halliburton Benefits Center at Fidelityat 1-866-321-0964 (international, useyour countrys AT&T access code) or857-362-5980, select option 2.

The Halliburton Benefits Center at Fidelityis only open for general questions aboutthe transition. It will be open for all R&SPlan transactions and questions startingduring the week of January 2, 2011. Untilthen, continue to contact the HalliburtonBenefits Center at Hewitt.

December 14, 2010,from 9:30 a.m. to10:30 a.m. Central Time

Attend a webcast! Learn whatschanging and how to make themost of your R&S Plan benefits

at an informative, online webcastpresented by a Fidelity educationconsultant.

If you are unable to attend thiswebcast or would like to view theinformation again, a self-paced,prerecorded workshop will also beavailable.

Look for an e-mail from HalliburtonCommunications in early December on howto access the webcast and the self-paced,

prerecorded workshop.


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December 23, 2010, at3:00 p.m. Central Time

If required, completed paperwork forthe following must be received by the

current Halliburton Benefits Center atHewitt for:

Early loan payoff Primary residence loan request General purpose loan request* In-service withdrawal* Hardship withdrawal Distribution* Beneficiary designation Rollovers into the R&S Plan

Please allow enough time to request,receive, complete, and return thepaperwork to the current HalliburtonBenefits Center at Hewitt prior to thisdeadline.

Blackout period begins. Please notethat payroll deductions for loan repay-ments and contributions to the R&SPlan will continue without interruption.

*If subject to the R&S Plans joint andsurvivor annuity provisions (i.e., if you hadan account balance in the R&S Plan priorto June 1, 1998).

After this date, you will need to initiate theprocess at the Halliburton Benefits Center

at Fidelity after the blackout period endsand your account is available for conductingtransactions, which is expected to be duringthe week of January 2, 2011.


Last day at the current HalliburtonBenefits Center at Hewitt to:

Enroll in the R&S Plan or changeyour future contribution rate.

Opt out of auto-enrollment.

Request a general purpose loan,a non-hardship withdrawal, or adistribution that is not subject tothe R&S Plans joint and survivorannuity provisions.

After this date, you cannot conduct any ofthese activities until the blackout periodends and your account is available at theHalliburton Benefits Center at Fidelity,which is expected to be during the week ofJanuary 2, 2011.


Last day at the current HalliburtonBenefits Center at Hewitt to:

Change how your future contribu-tions will be invested.

Request an exchange (transfer)between investment options foryour current account balance.

Check your account balance(s).

Account balances will be valuedafter the close of the New York StockExchange.

After this date, you cannot conduct anyactivities until the blackout period ends andyour account is available at the HalliburtonBenefits Center at Fidelity, which is expectedto be during the week of January 2, 2011.

Current account balances and future contri-butions will be invested according to theinvestment elections on file as of this date,including default investment elections, asapplicable.

After this date you will no longer havephone access to the current HalliburtonBenefits Center at Hewitt or online accessto the Your Benefits Resources Web site atHewitt.

Account data will be sent to Fidelity andloaded into their system.


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During the week ofJanuary 2, 2011

Blackout period ends.

The blackout period is expected to

end and the Halliburton BenefitsCenter at Fidelity is open for all R&SPlan services.

Call the HalliburtonBenefits Center at Fidelity at1-866-321-0964 (international,use your countrys AT&T accesscode) or 857-362-5980, selectoption 2.

Access your accountinformation online by going towww.halliburton.com/totalrewards.

You can now:

Access your account (see page 15).

Set up a personal identification number(PIN) if you do not already have a Fidelityaccount (see page 8).

Request exchanges (transfers) amonginvestment options.

Review your account balances.

Change your contribution rates and futureinvestment elections.

Enroll in one of the rebalance services(see page 9).

Request loans, withdrawals, anddistributions.

Enroll in the R&S Plan.

Elect contribution rate for annual increaseprogram.

Opt out of auto-enrollment or annualincrease program.

Roll over eligible balances from otheremployer-sponsored plans.

Request R&S Plan literature.

Review investment option information.

Review your beneficiary(ies) to ensurethey are up to date and make changesif necessary.

Mid-January 2011 Loan repayments via coupon. If you make loan repayments via coupon,please begin using new coupon books

and mail payments as instructed to Fidelityrather than to the Halliburton BenefitsCenter at Hewitt.

Late January 2011 Final account statement from thecurrent Halliburton Benefits Centerat Hewitt.

Your final account statement will bemailed to you in late January from Hewitt.It will be an annual statement for thetime period January 1, 2010, throughDecember 31, 2010.

April 2011 First quarterly account statementfrom Fidelity.

This statement will be for the time periodJanuary 1, 2011, through March 31, 2011.

You may obtain a paper account statementthrough Fidelity upon request or an onlineaccount statement at any time.

The effective date of plan changes and the end of the blackout period depend on the accurate, timely

transfer of data. If this does not occur, the delivery of services described here could be delayed.


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Important information about account statements

Effective January 1, 2011, account statements for the R&S Plan will be available only onlineunless you elect or request otherwise. A quarterly paper statement will not be automatically

mailed to your home. A paper statement of your account may be requested free of charge

at any time.

Note that you will be able to change your mail preferences and request that quarterly statements

be mailed to your home address. You will be able to do this by calling the Halliburton Benefits

Center at Fidelity or going online at www.halliburton.com/totalrewards and selecting Wealth.

Online, from the Fidelity home page, simply click Mail Preferences in the Preferences section

of Your Profile to make your selection.

Note: Account statements will not utilize your data prior to January 2011.


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Heres a list of just some of the changes you can expect with the R&S Plans move to Fidelity effectiveJanuary 2011:

Web Site You will be able to access your R&S Plan account from a new Web site,www.halliburton.com/totalrewards.

Interactive VoiceResponse (IVR) System

Fidelitys IVR system will be available 24 hours a day, seven days a week,* by callingthe Halliburton Benefits Center at Fidelity at 1-866-321-0964 (international, use yourcountrys AT&T access code) or 857-362-5980, select option 2.

*There is a maintenance period when some services may not be available.

Expanded Hoursfor the HalliburtonBenefits Center atFidelity

Experienced Fidelity representatives will assist you and answer questions you mayhave about your R&S Plan. Representatives are available from 7:30 a.m. to 7:30 p.m.Central Time, Monday through Friday (excluding New York Stock Exchange holidays)by calling the Halliburton Benefits Center at Fidelity at 1-866-321-0964 (international,use your countrys AT&T access code) or 857-362-5980, select option 2.

Account Access You can view your R&S Plan account online by going towww.halliburton.com/totalrewards.

The first time that you access your R&S Plan account through the Total Rewards Website, you will need to log in to Fidelity.

If you have a Halliburton Employee Stock Purchase Plan (ESPP) account or otherpersonal accounts with Fidelity (accessible via your Social Security number orpreviously established Customer ID), you can use the same personal identificationnumber (PIN) to access your R&S Plan account. All subsequent times that you link toyour R&S Plan account through the Total Rewards Web site, you will not have to login to Fidelity. Note: If you want to make changes to your R&S Plan account, youwill need to log in at Fidelity.

If you are a first-time user of a Fidelity account, you must establish a FidelityCustomer ID and PIN when accessing your R&S Plan account through the TotalRewards Web site or IVR for the first time. To do so:

Via the Total Rewards Web site:

Enter your Social Security number.

Your Social Security number is your initial Customer ID number. Halliburtonrecommends that you select a different Customer ID after your initial login thatis six to 15 letters and/or digits.

Enter six to 12 letters and/or digits as your PIN. To protect your PIN in case you forget it, set up a security question. Enter an e-mail address. Depending on your situation, you may see your work

e-mail displayed. You may choose to add a personal e-mail address and designatewhich e-mail will be your Primary.

Via the IVR System:

Call the Halliburton Benefits Center at Fidelity at 1-866-321-0964 (international,use your countrys AT&T access code) or 857-362-5980, select option 2.

Enter your Social Security number when prompted. Your Social Security number is your initial Customer ID number. Halliburton

recommends that you select a different Customer ID after your initial call that is six

to 15 letters and/or digits. You will then be prompted to enter your date of birth. Once your information is validated, you will be asked to enter a six- to 12-digit

number as your PIN. You will then be asked to enter your PIN again for confirmation.

To protect your PIN in case you forget it, set up a security question.All subsequent times that you link to your R&S Plan account through the TotalRewards Web site, you will not have to log in to Fidelity. Note: Please rememberthe PIN that you establish. If you want to make changes to your R&S Planaccount, you will need to log in at Fidelity using this PIN.

What will be available at Fidelity.


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Consolidated FidelityAccounts

If you have a Halliburton Employee Stock Purchase Plan (ESPP) account or otherpersonal accounts with Fidelity (accessible via your Social Security number orpreviously established Customer ID), you will be able to view all of your accountssimultaneously and access your accounts from the same Fidelity home page.

Loan Repaymentsand Payoffs

If you are an active employee of Halliburton and currently have an outstandingloan(s), your loan(s) will be reamortized and your payment amount(s) may changebeginning in 2011. You will receive a letter from the Halliburton Benefits Centerat Fidelity during the second week of January 2011, informing you of your newrepayment amount. If you are paid biweekly (26 times per year), you have beenaccustomed to having loan repayments deducted 24 times per year. With thetransition to Fidelity, your loan repayments will be deducted 26 times per year, butyour repayment amount per paycheck will decrease. In addition, if you requested aloan payoff amount on or before December 23, 2010, and the payoff was to occureither late in 2010 or early 2011, that amount may change during the transition toFidelity because of the reamortization.

Trading Restrictions Excessive TradingPolicy

Changes are being made to the investment trading restrictions in the R&S Plan.See page 12 for details.

Full View Full Viewis an online service that allows you to view and manage your finances inone place, including retirement, bank, brokerage, and credit card accounts.

Annual IncreaseProgram

In the past you could voluntarily elect to have your contribution rate increase eachyear. In addition, certain rules were in place for an automatic contribution rate increaseif you had been automatically enrolled. If you have a contribution rate increase onfile with Hewitt, this information will transfer to Fidelity. Please note the AnnualIncrease service will change slightly with the transition to Fidelity. If you had made avoluntary election to increase your contribution rate by more than 10%, your increasewill occur on January 1, 2011, as scheduled, but future increases will be limited to 10%.In addition, after January 1, 2011, you can choose the day of the year on which youwant your annual increase to take effect, rather than simply using January 1 each year.

Rebalance Services If you have an automatic rebalance set up at Hewitt, you will need to reestablishyour rebalance preferences in your account at Fidelity.

One service, Rebalance Notification, alerts you by e-mail any time your accountsinvestment mix strays from your original specification. You decide whether torebalance, and you can take action immediately by clicking on a link delivered withthe e-mail message.

Another service, Automatic Rebalance, periodically rebalances your account to stayconsistent with the investment strategy you have chosen. You simply identify aninitial investment combination, adjust your account to that mix, and let the servicedo the rest.

Online Resources In addition to providing account information and offering you the ability to initiatetransactions online, Fidelity provides a wealth of resources, including:

Online account statements covering any time period you specify, available from theweek of January 2, 2011, onward. (Note: Online account statements will not utilizeyour data prior to January 2011.)

A wide range of planning tools such as:

Contribution Calculator Understand how your money might grow over time.

Take Home Pay Calculator Find out how much your paycheck might changeif you contribute more to the R&S Plan.

Portfolio Review Decide how to invest your money.

Retirement Income Planner Create an income plan to ensure you dont outliveyour savings.


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Learn whats changing and how to make the most of your R&S Plan benefits at an informative,online webcast presented by a Fidelity education consultant.

The webcast will include a review of key dates and new services that can assist you in achieving yourretirement goals.

A live webcast will be held on December 14, 2010, from 9:30 a.m. to 10:30 a.m. Central Time. In earlyDecember, you will receive an e-mail on how to access the webcast.

If you are unable to attend this webcast or would like to view the information again, there will also bea self-paced, prerecorded workshop. It will be available to view at your convenience, anytime afterDecember 14, 2010, at http://www.brainshark.com/fidelityemg/Halliburton.

Your investment options.Investment options and the investment firms managing the assets in the R&S Plan will remain the same,

so your current retirement savings investment strategy will not be disrupted by the transition.Future contributions and balances will remain directed to and in the same investment options after thetransition to Fidelity. Your money stays invested or in the market throughout the transition. However,there is a brief time (the blackout period) when you wont have access to direct or diversify your assets heldin the R&S Plan. Please see the R&S Plan Calendar of Key Transition Dates on pages 46 for additionalinformation. For descriptions of all the investment options available in the R&S Plan, log on to the YourBenefits Resources Web site at http://resources.hewitt.com/halliburtonbenefits from any computer withInternet access, or connect through HalWorld through the close of the New York Stock Exchange onDecember 31, 2010. Beginning on January 1, 2011, log on to the Halliburton Total Rewards Web site atwww.halliburton.com/totalrewards to view the descriptions of the investment options.

If you would like to make an election for the investment of future contributions or an exchange(transfer) between investment options for your current account balance before the blackout periodbegins on December 31, 2010, at 3:00 p.m. Central Time, go to the Your Benefits Resources Web site

at http://resources.hewitt.com/halliburtonbenefits from any computer with Internet access, or connectthrough HalWorld. You can also call the Halliburton Benefits Center at Hewitt at 1-800-535-8130. Oncethe blackout period ends, which is expected to be during the week of January 2, 2011, you may contactthe Halliburton Benefits Center at Fidelity at 1-866-321-0964 for any changes that you would like tomake to your account.

Making the most of your R&S Plan transition.


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Generally, amounts may be exchanged, at a participants direction, into or out of any of the R&S Plansinvestment options effective as of the close of any business day. Beginning January 2011, the R&S Plansinvestment options will, except for the Stable Value Premixed Portfolio, be subject to a new ExcessiveTrading Policy (the Policy).

The R&S Plan has long discouraged excessive trading by investors. Excessive trading can be expensiveand burdensome for long-term investors because it can:

Reduce returns to long-term investors by increasing fund costs, and

Disrupt portfolio management strategies, such as forcing untimely and unwanted buying and selling

of portfolio securities.

The current investment transfer policy, in place since 2006, provides that if you make a transfer or a fundreallocation out of an applicable fund, you cannot transfer amounts into that fund for 20 calendar days.

The new Excessive Trading Policy focuses on what is known as a round trip transaction. A round tripis an exchange into and out of the same fund, in excess of $1,000, within 30 days.The following isan example of a round trip:

DATE TRANSACTION WHAT IT MEANS TO YOU

March 10 Participant exchanges$1,500 intoFund A

This is considered a round trip because the April 1exchange out is from the same fund that the participantexchanged into on March 10, the amount exchanged intothe fund is greater than $1,000, and fewer than 30 dayshave elapsed between the exchanges.

April 1 Participant exchanges$2,000 out ofFund A

The following example is notconsidered a round trip:

DATE TRANSACTION WHAT IT MEANS TO YOU

March 10 Participant exchanges

$1,500 intoFund A

This is not considered a round trip because the first andsecond exchanges are separated by more than 30 days.

April 20 Participant exchanges$2,000 out ofFund A

Under the Policy, participants are limited to one round trip transaction in any applicable investment

option in the R&S Plan within any rolling 90 day period, subject to an overall limit of four round-trip

transactions across all applicable investment options in the R&S Plan over a rolling 12-month period.

If a round trip transaction is completed:

The first round trip transaction in a fund results in a warning letter (mailed from the Halliburton Benefits

Center at Fidelity).

Participants with two round-trip transactions in the same fundwithin a rolling 90-day period will be

blocked from making additional exchanges into this fund for 85 days.

Any four round trips across all applicable fundsin the R&S Plan in a 12-month rolling period will

result in the participant being limited to one exchange across all applicable funds (not round trip) per

quarter for 12 months.

Once the 12-month exchange limitation expires, any additional round trip across all applicable funds

in the R&S Plan in the next 12-month period will result in another 12-month limitation of one exchange

across all applicable funds (not round trip) per quarter.

Changes to trading restrictions.

For illustrative purposes only.

For illustrative purposes only.


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There are a number of ways for you to access and manage your R&S Plan account with Fidelity. Whether youprefer to access your account online, through the automated Interactive Voice Response (IVR) system, or througha Customer Service Associate, you can easily get the information you need whenever you want it.

ONLINE BY PHONE

www.halliburton.com/totalrewards

Halliburton Benefits Center at Fidelityat 1-866-321-0964 (international, useyour countrys AT&T access code) or

857-362-5980, select option 2

24 hours,7 days a week*

Voice ResponseSystem (IVR)

Customer ServiceAssociate

24 hours a day,7 days a week*

7:30 a.m. to 7:30p.m. Central Time,

MondayFriday

ACCOUNT INFORMATION

Current account balances and history

Quotes

Historical performance

Plan literature

INVESTMENT AND CONTRIBUTION CHANGES

Change how contributions are invested

Change payroll contribution amount

Exchange between investment options

LOAN INFORMATION

Model a new loan

Request a loan

Inquire about existing loans

WITHDRAWAL INFORMATION

Amount available to withdraw

Request an in-service withdrawal

ADMINISTRATIVE CHANGES

Set up or change your PIN

Beneficiary information

ROLLOVER INFORMATION

Request a rollover form

Request a distribution

TOOLS & RESOURCESRetirement Income Planner

Portfolio Review

Full View

Online presenter and self-paced workshops

Calculators

Fidelity ViewpointsSM

* There is a maintenance period when some services may not be available.

Convenient account accessbeginning the week of January 2, 2011.


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Fidelity Brokerage Services LLC, Member NYSE, SIPC900 Salem Street, Smithfield, RI 02917

2010 FMR LLC. All rights reserved.

558578.1.0 CPS# 81945

This communication is a summary of the material modifications made to the Halliburton Retirement andSavings Plan. This summary revises and replaces certain text in the Plans summary plan description. Tothe extent that materials in the Plans summary plan description and this brochure conflict, the informationin this brochure will govern. Thus, please keep a copy of this brochure as a supplement to your Planssummary plan description.

For answers to immediate questions about your benefits for 2010, please contact the Halliburton BenefitsCenter at Hewitt at 1-800-535-8130, Monday through Friday, from 8:30 a.m. to 5:00 p.m. Central Time,

or log on to Your Benefits Resources at http://resources.hewitt.com/halliburtonbenefits. For answers toquestions about your 2011 benefits, please contact the new Halliburton Benefits Center, Monday throughFriday, at 1-866-321-0964 (international use countrys AT&T access code) or 857-362-5980 from 7:30 a.m. to7:30 p.m. Central Time, or by logging on to www.halliburton.com/totalrewards.

Unless otherwise noted, transaction requests confirmed after the close of the New York Stock Exchange, or on weekends or holidays,will receive the next available closing prices.

The investment options available through the Plan reserve the right to modify or withdraw the exchange privilege.

Please be sure to understand the Plan guidelines before you initiate a loan from your Plan account.

Please be sure you understand the tax consequences of any withdrawal from the Plan.

The Plan is intended to be a participant-directed plan as described in Section 404(c) of ERISA, which means that fiduciaries of the

Plan are ordinarily relieved of liability for any losses that are the direct and necessary result of investment instructions given by a par-ticipant or beneficiary.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you maygain or ose money.

Active Transition Brochure

Documents

Transcript of Active Transition Brochure