Dover amends Deferred Compensation Plan: new auto contribution and higher deferral threshold

DOVER Corp

Matching contributions eliminated effective Jan 1, 2022, except for previously deferred bonus payable in 2022.
New auto employer contribution: 4.5% of salary+bonus above IRS Section 401(a)(17) limit.
Elective deferral threshold raised to $250,000 (from $175,000) effective Jan 1, 2022.
Prior eligible participants grandfathered under the revised plan.

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