Amendment to MDU Resources Group, Inc. 401(k) Retirement Plan Regarding Davis-Bacon Employees (September 19, 2016)

Summary

This amendment to the MDU Resources Group, Inc. 401(k) Retirement Plan, effective July 1, 2016, requires Concrete, Inc. to make additional contributions for its Davis-Bacon Employees. These supplemental contributions ensure compliance with the Prevailing Wage Law for ready-mix drivers in California, covering any shortfall in required fringe benefits not met by standard employer matching or profit-sharing contributions. The amendment was executed by the Employee Benefits Committee of MDU Resources Group, Inc. on September 19, 2016.

EX-10.A 3 a2016q3ex10a.htm MDU RESOURCES 401 K RETIREMENT PLAN AMENDMENT 9-19-2016 Wdesk | Exhibit

INSTRUMENT OF AMENDMENT TO THE

MDU RESOURCES GROUP, INC.

401(k) RETIREMENT PLAN

The MDU Resources Group, Inc. 401(k) Retirement Plan (as amended and restated March 1, 2011) (the “K-Plan”), is hereby further amended, effective July 1, 2016, unless otherwise indicated, as follows:


1.	By adding the following new entry to Schedule B:

Concrete, Inc. shall make supplemental contributions on behalf of its Davis-Bacon Employees in such amounts as may be necessary to satisfy the Prevailing Wage Law’s required fringe cost to the extent that the sum of the employer Matching and Profit Sharing Contributions, if any, for a period are insufficient to satisfy the Prevailing Wage Law’s required fringe cost pursuant to Supplement G.

Effective as of July 1, 2016.

Explanation: This amendment provides the manner in which the above Participating Affiliate is implementing the provisions of the Davis-Bacon (Supplement G) feature, effective July 1, 2016, pursuant to prevailing wage legislation impacting ready-mix drivers in California.

IN WITNESS WHEREOF, MDU Resources Group, Inc., as Sponsoring Employer of the K-Plan, has caused this amendment to be duly executed by a member of the MDU Resources Group, Inc. Employee Benefits Committee on this 19th day of September, 2016.



	MDU RESOURCES GROUP, INC.
	EMPLOYEE BENEFITS COMMITTEE

By:	/s/ Doran N. Schwartz
	Doran N. Schwartz, Chairman