Amendment to MDU Resources Group, Inc. 401(k) Retirement Plan (April 1, 2017)

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment to the MDU Resources Group, Inc. 401(k) Retirement Plan, effective April 1, 2017, requires Knife River Midwest, LLC to make supplemental contributions for its Davis-Bacon Employees. These contributions ensure compliance with the Prevailing Wage Law by covering any shortfall in required fringe benefits not met by existing employer matching and profit sharing contributions.

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EX-10.E 6 a2017q2ex10e.htm MDU RESOURCES 401 K RETIREMENT PLAN 4-10-217 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 January 1, 2017) (the “K-Plan”), is hereby further amended, effective April 1, 2017, unless otherwise indicated, as follows:


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

Knife River Midwest, LLC 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 April 1, 2017.
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