BENEFITS SUMMARY GUIDE

This guide offers an overview of

benefits offered to our employees

and is intended to answer many

benefits questions in one simple

place. This summary may not in-

clude all available benefits and is

subject to change without notice.

**Disclaimer: If a discrepancy exists between this guide and plan documents, Plan Documents are the final authority.

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MEDICAL PLAN HIGHLIGHTS

MMC offers three medical plans with two provider networks, giving you the opportunity to choose the plan and network that

best fits your needs. When you need care, you simply go to your network provider of choice. You do not need to select a prima-

ry care clinic and you do not need referrals to see a specialist. Your plan may also allow you to see an out-of-network provider

for a higher copay. Full-time employees are eligible for coverage the first of the month following employment.

Plan I

This traditional plan provides network access to

many services like:

Convenience and online care

Specialty care—no referrals needed

Prescription medicines

Preventive care

This plan provides coverage with a lower annual de-

ductible and lower maximum out-of-pocket limit

than Plan II, and includes prescription coverage and

co-pays

Plans II and III are great options if you’re looking for

more control over your health care dollars. These plans

combine a health savings account (HSA) with a high de-

ductible health plan (HDHP) to give you full coverage.

Plus, the money in your HSA is yours to keep, even if you

change employers.

These plans have a higher deductible and higher maxi-

mum out-of-pocket than Plan I. Because it is a HDHP,

nearly all expenses (with the exception of preventive

care) are subject to the deductible.

Plans II and III

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HEALTH SAVINGS ACCOUNT

How does an HSA work?

Think of an HSA as your bank account for medical costs. You can use the money in your HSA to pay for expenses under your

plan's deductible or coinsurance. You can also use your HSA to pay for many other medical costs like: dental care, braces, vision

care and LASIK surgery, hearing aids and tools to help you quit smoking.

How does money get into my HSA? There are a couple of ways to put money into your HSA:

· Deductions from your paycheck · Direct deposits that are allowed until April 15 of the next year

Every dollar you put into your HSA is not taxed. As this amount grows over time, you can save it or spend it on eligible medical expenses — tax free! Midwest Machinery will also contribute to your HSA! All participants receive a set amount each month deposited into their HSA. These funds are yours to keep and use as you see fit. How much can you put into your HSA?

Each year the IRS sets limits on how much money you may contribute into your HSA that is linked to a high-deductible plan.

FLEXIBLE SPENDING (SECTION 125)PLANS Midwest Machinery Company offers its employees a flex spending plan allowing participants to pay for compa-

ny-sponsored health/dental insurance with pre-tax* dollars. Employees can also elect to defer pre-tax dollars

to pay for eligible expenses for medical and/or dependent care. Full time employees are eligible to participate

the first of the month following employment.

Medical FSA—A plan that allows you to pay your unreimbursed medical, dental, and

vision expenses with pre-tax dollars. The current maximum election amount is

$2,700 per year and is subject to change.

Dependent Day Care FSA—A plan that allows you to pay your dependent care ex-

penses with pre-tax dollars. The maximum allowable reimbursement per IRS regula-

tions is $5,000 per year.

*Pre-tax means you pay no federal tax, no state income tax, and no social security tax

on premiums or on any dollar amount set aside in the qualified plans and reimburse-

ment accounts

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Annual deductibles apply. Orthodontic care for dependents under age 19.

DENTAL PLAN HIGHLIGHTS

You pay nothing for: 20% Paid by Employee 50% Paid by Employee

PREVENTATIVE SERVICES

Teeth cleaning, exams, dental x-rays

and fluoride treatments

Sealants

BASIC SERVICES

Fillings

Simple extractions

Non-surgical periodontics

MAJOR SERVICES

Surgical periodontics

Complex oral surgery

Restorative crowns & onlays

DIABETES AND PREGNANCY

Additional periodontal services (exams, cleanings, scaling and root plan-

ning, and debridement) for members who are diabetic and/or pregnant

are covered at 100% in-network.

ENHANCED COVERAGE FOR OUR LITTLE PARTNERS

Network services for children 12 years old and under will be covered at 100% with-

out deductible, annual maximum, or frequency limitations. Excluded services: Or-

thodontics, dental implants, and services that are not covered for all members.

Available to all full-time employees the first of the month following employment.

Employee Assistance Program (EAP) Your health and wellbeing are important to Midwest Machinery Co. Our EAP benefit includes a comprehen-

sive array of counseling and web services that can be accessed 24/7 by our employees and their family mem-

bers when facing a challenge. All services ae completely confidential and include unlimited phone calls and up

to three face-to-face visits per incident.

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401(K) RETIREMENT PLAN

PLAN OVERVIEW

As a participant in the plan, you will be allowed to defer from 0% to 100% of your gross pay up to a maximum federal limit toward your retirement. You have a choice on your deferral option.

TRADITIONAL OR ROTH?

Traditional contributions to our retirement plan are pre-tax and earnings grow tax-deferred until some future distributable event. The Roth option provides an alternative tax benefit to the traditional pre-tax model. With Roth contributions, you secure the tax benefit when you take the money out of the plan. As such, Roth contributions are con-tributed on an after-tax basis but withdrawals are tax-free.

EMPLOYEE CONTRIBUTION

Newly-hired employees who are at least 18 years of age will be automatically entered into the Traditional 401(k) plan at 3% beginning with the first paycheck of the month following 60 days of employment. Employees may chose to opt-out.

VESTING

Vesting means that you have earned the right to a portion of the full amount of your Participant account. Once you have vest-ed a portion of or the full amount of your account, that amount cannot be forfeited or taken away.

All contributions you make, plus any investment earnings are always 100% vested. Employers matching contributions are vested according to a six year vesting schedule.

EMPLOYER MATCH

Minnesota Ag Power Inc. will make a matching contribution immediately upon enrollment.

PAID TIME OFF (PTO) The company recognizes that employees need scheduled time away

from normal work duties for their personal well-being. The company

grants time off with pay to full-time employees through a bi-weekly ac-

crual process that begins on the first date of hire. Employees earn addi-

tional time off on subsequent anniversary dates as their tenure with the company progresses.

OBSERVED HOLIDAYS

The company normally recognizes the following paid holidays: New Year’s Day, Memorial Day, Independence

Day, Labor Day, Thanksgiving Day, Christmas Day.

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GROUP LIFE INSURANCE & VOLUNTARY LIFE INSURANCE

Group life insurance is provided to all full-time employees. Premiums for group life insurance are paid in full by the company.

This coverage includes a term life policy with an AD&D rider. This coverage becomes available on the first of the month fol-

lowing your hire date. Employees may also purchase additional term life insurance for themselves, their spouse and children.

SHORT TERM DISABILITY

Midwest Machinery Company provides all full-time employees Short Term Disability Income Protection Insurance. Coverage

begins the first of the month following employment and there is no cost to our employees. If you experience an injury or ill-

ness outside of work you can earn 60% of your weekly earnings (up to $1,000 per week) for up to 12 weeks following a 7 day

waiting period.

SUPPLEMENTAL COVERAGE

Midwest Machinery Co. has partnered with a third party vendor to offer the following supplemental insurance plans to meet

the needs of your family. The following coverages are voluntary and paid by the employee.

Long Term Disability—Replaces 60% of your monthly earnings up to age 65 following a 90 day waiting period.

Accident—Helps with out of pocket costs incurred if an accident occurred.

Critical Illness—Pays out a lump sum benefit upon diagnosis of a covered condition.

Whole Life—Gives you the opportunity to add additional life insurance coverage for you, your spouse, child(ren) and

grandchild(ren).

VISION INSURANCE

Vision insurance is provided to all full-time employees. Premiums for vision insurance are paid in full by the employee. This

coverage becomes available on the first of the month following your hire date.

EMPLOYEE VOLUNTEER PROGRAM

As a company we value the relationships we have with local organizations and recognize that the participation of em-ployees in volunteer activities are positive and often vital roles. To support employees engaged in local volunteerism, all full-time employees are given time to volunteer at ap-proved volunteer organizations.

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OTHER GREAT BENEFITS

PROTECTIVE EYE-WEAR REIMBURSEMENT

MMC offers a partial reimbursement to employees for the purchase of prescription safety eyewear for those employees whose

positions require safety eyewear.

TOOL ALLOWANCE

Employees who, as a requirement of their position, provide their own set of tools will have available an annual dollar benefit to

assist in replacing personal tools.

DEALERSHIP DISCOUNT

Employees may purchase parts or personal use items, such as lawn mowers, tools, etc. at a discounted price from retail. Em-

ployees or spouses outside business or farm use will not qualify. Parts and whole goods are to be sold at regular retail selling

prices for outside business and farm use. Service work on personal-use items is also provided at a discount.

REFERRAL/RECRUITMENT BONUS

Employees who refer candidates for employment with MMC will receive a cash bonus provided certain conditions are met by the

referred employee.

UNIFORMS / MMC LOGO WEAR

To project a consistent and professional image to our valued customers, uniforms are worn in many areas. Depending on your

role within the organization MMC pays for your uniforms as well as their upkeep and laundering.

MMC also provides a clothing benefit for non-uniformed staff toward logo wear. Employees can have personal clothing

embroidered with the MMC logo at no cost.