Milliken Retirement Plan

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Change in vesting schedule Vesting: The portion of the MRP account that associates may take with them when they leave the Company or borrow from when they need a loan. Revised vesting schedule • Current: 100% vested immediately in the 2% automatic required contribution and any voluntary contributions, 100% vested in <strong>Milliken</strong>’s company contributions after 6 years of service. • NEW: All active participants as of 1/1/12 will be immediately 100% vested in their total MRP account. 4
Company Contributions Beginning 1/1/12, the Company match will be changing • Current: The Company makes a contribution equal to 1½% of the gross amount of your retirement eligible pay at the same time that the 2% required contribution is made. <strong>Milliken</strong> also makes a year-end contribution equal to 2½% of your retirement eligible total gross pay for the year if you are employed by the Company on December 31. • NEW: Effective 1/1/12, the Company will contribute 200% on the first 2% made in voluntary contributions (2 to 1 ratio). For example: Voluntary Contributions Company Match 2% or higher 1% 0% 4% 2% 0% If you choose not to make any voluntary contributions, you will not receive any Company match • The Company match will continue to be offered to associates beginning on their one year anniversary (or other applicable entry point). Beginning 1/1/12, the Company will contribute 200% on the first 2% deferred (2 to 1 ratio). • All match contributions will be contributed to associates’ accounts each pay cycle • The year-end employer contribution will no longer be made to associates’ accounts 5
Page 1 and 2: Milliken Retirement Plan 2012 Safe
Page 3: Safe Harbor Plan Design • Effecti
Page 7 and 8: How to make a contribution election
Page 9 and 10: Auto-Enrollment Feature • Startin
Page 11 and 12: How to make an investment change on
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Milliken Retirement Plan

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