Milliken Retirement Plan

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Elimination of Automatic Required Contribution • MRP will be moving to a new voluntary plan design and will no longer have an automatic required 2% contribution for associates reaching one year anniversary with Company (or other applicable entry point) • Any associate not making voluntary before-tax contributions will remain at a 0% voluntary contribution for the plan, unless they choose to change their voluntary contribution elections. Remember, if you choose not to make any voluntary contributions, you will not receive any Company match • All eligible associates will now be able to defer up to the before-tax limits (2012 beforetax contribution limit = $17,000; $22,500 if associate will be age 50 or older during the plan year). The <strong>Plan</strong> allows eligible associates to save up to 50% in before-tax voluntary contributions, subject to IRS limits. • To receive the maximum Company match of 4%, associates must defer at least 2% in voluntary contributions • In order to have the Company match effective with the first pay of 2012 and forward, salary deferral elections must be made between 9 a.m. EST on 12/26/11 and 4 p.m. EST on 12/30/11 • To make a voluntary contribution election, go online to rps.troweprice.com or call T. Rowe Price at 1-800-359-6455 (MILL) 6
How to make a contribution election online From My Account, Click on Transactions 7
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Page 3 and 4: Safe Harbor Plan Design • Effecti
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Page 9 and 10: Auto-Enrollment Feature • Startin
Page 11 and 12: How to make an investment change on
Page 13 and 14: Key Action Items • You should mak

Milliken Retirement Plan

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