Exhibit 99.9
FIFTH AMENDMENT
TO THE
HUNTINGTON INGALLS INDUSTRIES, INC.
NEWPORT NEWS OPERATIONS SAVINGS (401(k)) PLAN
FOR UNION ELIGIBLE EMPLOYEES
This amendment to the October 1, 2015 restatement of the Huntington Ingalls Industries, Inc. Newport News Operations Savings (401(k)) Plan for Union Eligible Employees (the “Plan”) is intended to update certain hardship withdrawal procedures, as required by law.
The Plan is amended as follows:
I. Effective as of January 1, 2020, Section 7.10 of the Plan is amended by deleting it in its entirety and replacing it with the following:
“Section 7.10 Hardship Withdrawals. A Participant who is covered under the terms of the Basic Labor Agreement between the Employer and the USW may elect a withdrawal of his or her Before-Tax Contributions or Catch-up Contributions if a hardship described in this Section occurs. A withdrawal satisfies the hardship requirements if the distribution is made on account of an immediate and heavy financial need, and the amount of the withdrawal is necessary to satisfy the need. This Section is to be interpreted with the hardship distribution requirements of Treasury Regulation Section 1.401(k)-l(d)(3).
(a) Immediate and Heavy Financial Need. Hardship occurs if the Participant has immediate and heavy financial needs that cannot be fulfilled through other reasonably available financial resources of the Participant. Immediate and heavy financial needs for these purposes shall mean only the following:
(1) payment of expenses for (or necessary to obtain) medical care that would be deductible under Code Section 213(d) (determined without regard to the limitations in Code Section 213(a)) incurred by the Participant, his or her Spouse, any dependent (as defined in Code Section 152, determined without regard to Code Sections 152(b)(l), (b)(2), and (d)(l)(B)) of the Participant, or Beneficiary;
(2) costs directly related to the purchase of a principal residence for the Participant (excluding mortgage payments);
(3) payment of tuition, related educational fees, and room and board expenses, for up to the next 12 months of post-secondary education of the Participant, or the Participant’s Spouse, children, dependents (as defined in Code Section 152, determined without regard to Code Sections 152(b)(l), (b)(2), and (d)(1)(B)), or Beneficiary;
(4) payments necessary to prevent the eviction of the Participant from the Participant’s principal residence or foreclosure on the mortgage of that residence;