Summary Plan Description Dow Corning Corporation Employees Capital Accumulation Plan

Transcription

1 Summary Plan Description Dow Corning Corporation Employees Capital Accumulation Plan INTRODUCTION This Summary Plan Description (SPD) provides detailed information about the Dow Corning Employees Capital Accumulation Plan and how it works. The SPD does not constitute an implied or express contract or guarantee of employment. Similarly, your eligibility or your right to benefits under the Dow Corning Employees Capital Accumulation Plan should not be interpreted as an implied or express contract or guarantee of employment. Dow Corning Corporation s employment decisions are made without regard to benefits to which you are entitled upon employment. This document is considered a summary of the most important provisions of the Dow Corning Employees Capital Accumulation Plan. While this summary should answer most of your questions, it does not provide all the details of Dow Corning Employees Capital Accumulation Plan. These can be found in the official Plan document. The Plan document is always used in cases requiring a legal interpretation of the Dow Corning Employees Capital Accumulation Plan. If there is any difference between a plan document and this summary, your rights will be based on the provisions of the Plan document (and any legal rules that require changes not yet written into the Plan document). To request a copy of the plan document, please contact the HR Service Center at HRSC (4772), or toll-free at CAPITAL ACCUMULATION PLAN (CAP) Dow Corning offers the Capital Accumulation Plan, a savings and investment Plan which accrues your contributions, company matching contributions and investment earnings over time. Dow Corning's Capital Accumulation Plan, combined with the Employees' Retirement Plan and Social Security, will help assure your future financial security. It is Dow Corning's intention that the Capital Accumulation Plan shall be permanent. However, Dow Corning reserves the right to terminate the Plan, and the right to amend or suspend the Plan, in any respect, at any time. TABLE OF CONTENTS Eligibility Enrollment Accessing Your Account Changing Investment Direction Plan Contributions Personal Contribution Amounts Dow Corning's Contribution Amounts Automatic Increase Vesting Plan Options D-CAP (401K) Roth V-CAP (401M) Investment of Funds

2 Core Funds Self-Directed Funds-TradeLink T. Rowe Price Retirement Trusts Personal Asset Manager by Financial Engines Changing Your Contributions Loans Loan Application Loan Repayment Withdrawals V-CAP Withdrawals D-Cap Hardship Withdrawals Payout of Funds Retirement Death or Permanent Disability Leaving the Company Qualified_Domestic_Relations_Order Additional Information Savings Potential ERISA Information ELIGIBILITY You are eligible to participate in the Capital Accumulation Plan (CAP) on the first day you are actively at work if you are a permanent legal resident of the U.S., or effective 1/1/2007, are localized within the U.S., are on the U.S. payroll as a full-time employee or a part-time employee and are not covered by another plan offered by Dow Corning or one of its subsidiaries. You have the option of making contributions to the Deferred Compensation Plan (D-CAP), the Roth 401(k), the Voluntary Contribution Plan (V-CAP), or any combination thereof.. There are two Plan formulas, which are based upon the date you were originally eligible to participate in the Dow Corning Corporation Employees Retirement Plan. These two Plan formulas are explained in further detail under Dow Corning s Contribution Amounts. Note: If you were a co-op employee who was hired into a part-time or full-time position after 12/31/2005 (with or without a break in service), you are eligible for the new Plan formula. ENROLLMENT You may enroll in the Capital Accumulation Plan at any time by accessing the T. Rowe Price website (see accessing your account) and making contribution and investment elections. If you need assistance enrolling in CAP or have questions, contact a T. Rowe Price representative at (800) (speak the word representative to bypass automated prompts). If you are a new hire, you will be eligible to access your account as soon as your new employee information is received by the CAP record keeper, T. Rowe Price. Typically, you should be able to

3 access this by the Thursday of the week following the week in which you were hired. Please note that this sometimes requires waiting until after your first pay period. It is recommended that you periodically check the T. Rowe Price website to determine when your information is updated. You can begin participating in CAP at that time by accessing the T. Rowe Price website (rps.troweprice.com) or by calling (800) to enroll. Effective January 1, 2009, all new hires and anyone who is not already participating (regardless of whether you contributed previously but are not currently contributing) will be automatically enrolled in the CAP. Once you are automatically enrolled in the CAP, 6% of your before-tax pay will be deducted from your paycheck and contributed to your D-CAP account. Your contributions will be automatically invested in an age-appropriate, pre-assembled T. Rowe Price Retirement Trust with the target date closest to the year you will turn 65. You will also be set up for the Automatic Increase service, which will increase your contribution rate by 1% annually until your contribution rate reaches 20%. **Please be aware that from your date of hire, there is a 30-day grace period for this auto-enrollment to become effective for the next closest pay date. You may choose to change your contribution percentage or investment election, or choose not to participate in the CAP at any time. Those individuals who are automatically enrolled in CAP, but would like to opt out, must do so within 30 days of their hire date to avoid automatic payroll deductions. ACCESSING YOUR ACCOUNT You may access your account through any of the following methods: Authoria o Click on Other Resources o Click on CAP website Via the intranet while you are at work. Go to Dow Corning Homepage Dow Corning & Me Manage My Compensation & Benefits Access My CAP Account. Via the Internet at: rps.troweprice.com Toll-free telephone system: CHANGING INVESTMENT DIRECTION You may change your investment direction at any time. Changes are effective on the next market day, if the request is made before the market closes, normally 4:00 pm Eastern Standard Time (EST), which marks the close of the New York Stock Exchange. You may make a change using any of the following methods: Authoria o Click on Other Resource o Click on CAP website Via the intranet while you are at work. Go to Dow Corning Homepage Dow Corning & Me Manage My Compensation & Benefits Access My CAP Account. Via the Internet at: rps.troweprice.com Toll-free telephone system: NOTE: You may change your investment direction for new contributions without changing the distribution of funds already in your account, or vice versa.

4 PLAN CONTRIBUTIONS The Capital Accumulation Plan is designed to help you save money toward retirement. As you contribute to the Plan, Dow Corning supports your savings efforts through company matching contributions. While every effort is made to ensure your contributions and company matching contributions are credited to your account on your pay date, delays could occur if additional time is needed. Dow Corning and T. Rowe Price ensure all deposits are made within the IRS required timeframe. PLAN CONTRIBUTION LIMIT This limit includes your D-CAP, V-CAP and Roth contributions as well as company matching funds, but excludes earnings on those contributions. The limits are: $49,000 $49,000 $49,000 $50,000 $51,000 Future increases will be indexed to the Consumers Price Index (CPI). Catch-up Contribution If you will be 50 or older in 2013, you may elect to contribute an additional $5,500 to your D-CAP. This catch-up contribution will occur automatically once you reach the D-CAP limit. If you do not want to make this contribution, you will need to adjust your percentage contribution. Example: If you will be age 50 (or older) in 2013, your total D-CAP + Roth limit for the year will be $23,000 ($17,500 D-CAP + Roth limit plus the $5,500 catch-up contribution). DOW CORNING S CONTRIBUTION AMOUNTS For participants who were eligible for (and received credited service in) Dow Corning's Employees' Retirement Plan prior to 12/31/2005: Dow Corning will match 100 percent of the first three percent you contribute to CAP. The company will match an additional 50 percent of the next two percent that you contribute. For participants who were not eligible for Dow Corning's Employees' Retirement Plan prior to 12/31/2005: Dow Corning will match 100 percent of the first three percent you contribute to CAP. The company will match an additional 50 percent of the next four percent that you contribute. AUTOMATIC INCREASE Effective January 1, 2009, all new hires and anyone who is currently making a contribution to

5 CAP, will be automatically enrolled in the Automatic Increase service, which will increase your contribution rate by 1% annually until your contribution rate reaches 20%. You may opt out of this service at any time by accessing the T. Rowe Price website (rps.troweprice.com) or by calling (800) VESTING All of your contributions to your CAP account(s), plus earnings, and all company matching funds, plus earnings, are immediately vested -- owned by you. PLAN OPTIONS The Capital Accumulation Plan offers the following options: Participation in D-CAP Participation in V-CAP Participation in Roth Participation in a combination of any of the above. D-CAP You may contribute up to 75 percent of your earnings in the D-CAP option, not to exceed a maximum dollar amount as indexed by the IRS. If your planned contributions exceed the limit, you may contribute the difference into your V-CAP account. If you contribute to D-CAP, V-CAP and/or Roth, your combined contributions cannot exceed 75 percent of your earnings. IRS limits on deferrals since 2008: $16,500 $16,500 $16,500 $17,000 $17,500 The combined total D-CAP and Roth contribution limit for 2013 is $17,500. With D-CAP, your contributions are made by payroll deduction before income taxes are calculated. The following guidelines apply: Current federal and most state income taxes will be based on your salary minus your contributions. When you withdraw these funds, a 10% excise tax penalty may apply depending on your age at retirement or withdrawal. Taxes and/or penalties will be owed on your contributions, company match and any earnings, when you take money from your account for any purpose, except a loan. Hardship withdrawals (limited to two per calendar year) can be made only in the event of an immediate and serious financial hardship and must be approved by Dow Corning. After a withdrawal, you will not be allowed to contribute to your CAP account or receive company match for six months. (See the D-Cap Hardship Withdrawals section). You may borrow funds from your D-CAP account. (See the Loans section).

6 Roth You may contribute up to 75 percent of your earnings in the Roth option. If you contribute to a combination of D-CAP, V-CAP and Roth, your combined contributions cannot exceed 75 percent of your earnings. The combined total D-CAP and Roth contribution limit for 2013 is $17,500. With Roth, your contributions are made by payroll deduction after income taxes are calculated. The following guidelines apply: This option will cause you to see less take-home pay today (as compared to the same contribution percentage to D-CAP), but offers some tax saving options at distribution. The balance of your contributions and earnings accumulate on a tax-free basis. When you take a qualified (dollars have been in the account at least five years after your first Roth contribution and you ve reached age 59 ½) distribution you pay no taxes on your contributions or earnings. If your distribution is not qualified, all applicable taxes and penalties may apply. V-CAP You may contribute up to 75 percent of your earnings in the V-CAP account. If you contribute to V- CAP, D-CAP and Roth, your combined contributions cannot exceed 75 percent of your earnings. With V-CAP, your contributions are made by payroll deduction after income taxes have been calculated. The following guidelines apply: When you withdraw funds from your account, no taxes will be owed on the V-CAP contributions you made. If applicable, taxes and penalties will apply to company matching contributions and earnings on your V-CAP account. Withdrawals of V-CAP contributions made after 1/1/87 will, according to the law, be taken pro-rata from your V-CAP contributions, earnings and company match on those contributions. The earnings and company match will be subject to applicable taxes. In addition, a 10 percent excise tax penalty may apply to the earnings and company match, depending on your age at retirement. You cannot withdraw funds that have been in V-CAP less than 24 months. INVESTMENT OF FUNDS Core Funds Your contributions may be invested into a variety of core funds. Historical fund performance is available on the T. Rowe Price website under the Investments heading. You may choose to direct your investments into any combination of investment options, using one percent increments. These small increments provide flexibility in planning your investments and allow you to diversify your investment portfolio. When you change your investment direction, you may apply the change to new contributions without changing the distribution of funds already in your account, or vice versa.

7 The Plan is intended to constitute a plan described in section 404(c) of ERISA (the Employee Retirement Income Security Act of 1974) and Title 29 of the Code of Federal Regulations Section c-1. This means that the fiduciaries of the Plan may be relieved of liability for any losses that are the direct and necessary result of your investment direction. NOTE: The company match follows your investment direction. The money is invested in the same funds, according to the same proportions that you establish for your new contributions If you initiate an exchange out of the International Stock Fund, there will be a 30-day restriction for any exchanges back into the fund (excluding payroll directed contributions and loan repayments). This 30-day restriction will not be imposed if your exchange is as a result of automatic rebalancing of your funds or due to withdrawals from your account. You will be notified at the time you initiate a trade if this restriction will be imposed. Self-Directed Funds - TradeLink Through the self-directed account, you are able to see a diverse investment landscape--thousands of mutual funds are offered. These additional investments are offered above and beyond those available in the core funds of the Plan. These mutual fund selections were approved by Dow Corning's Investment Committee and are implemented through T. Rowe Price s TradeLink. The investment window allows you to have a TradeLink account and choose specific funds from a list. There is an annual service fee for participating in the TradeLink account, which is deducted from your balance on a quarterly basis. For more information, contact T. Rowe Price at and ask to speak with a TradeLink Representative T. Rowe Price Retirement Trusts The target date retirement trust is a pre-assembled investment option for a professionally managed and diversified portfolio. It is comprised of stocks, bonds, and other securities. You can enroll in the retirement trust that most closely corresponds with your planned retirement year. Your investments will automatically adjust and become more conservative as you approach your retirement. They continue to adjust for approximately 30 years after the target date. Personal Asset Manager by Financial Engines You may choose to have your account managed professionally with the help of investment professionals at Financial Engines. If you feel you do not have the time or knowledge to manage the investments within your account, this could be an option for you to consider. The program features several options, including: professionals investing for you, access to an advisor, and quarterly progress reports. A small percentage (less than 1%) will be deducted from your account balance on an annual basis to cover the costs of this account management service.

8 QUARTERLY STATEMENT You will receive a detailed quarterly statement from T. Rowe Price reflecting the total value of your account. It will include: Your total CAP account value, including company matching funds and earnings on those funds. Amount in your D-CAP, including your contributions and earnings. Amount in your V-CAP, including your contributions and earnings. Amount in your Roth, including your contributions and earnings. Your account balance information is also available by calling the toll-free telephone system at (800) or by visiting the T. Rowe Price website. CHANGING YOUR CONTRIBUTIONS You may change your CAP contributions at any time. To do so, call the toll-free telephone system at (800) or access the T. Rowe Price website. For bi-weekly and monthly payroll pay dates, please visit the North American Payroll Operations intranet website. All CAP contribution changes must be made by: Exempt: 4:00pm EST on Thursday before the Payroll Run Date (usually the 10th of the month) Non-Exempt: 4:00pm EST on Thursday before Payroll Run Date (the payroll run date is always the Monday before the Pay Date) NOTE: When your salary changes, your contribution will be adjusted automatically to maintain your authorized contribution percentage. The company match will also be adjusted accordingly. LOANS The D-CAP loan provision allows you to borrow funds from your D-CAP account, similar to a bank loan, except that the interest you pay on the loan is credited to your D-CAP account. This provides access to your account funds without the need to satisfy the federal government's regulations for hardship withdrawals. The following rules apply: Loans are granted for a minimum of $1,000, in increments of $1. You may generally borrow the lesser of: o One-half of your total vested D-CAP account balance, minus the outstanding balance of all loans from the Plan on the date on which the new loan is made. o Up to a maximum of $50,000, minus the highest outstanding balance of all loans from the Plan during the preceding 12 month period. NOTE: The amount you have available for a loan will be reduced by any highest outstanding loan balance you may have had during the last 12 months. For example, if you have a total of $85,000 vested in your D-CAP account and do not have any other outstanding loans, you qualify for a maximum loan of $42,500. Loan terms include any number of months from a minimum of one to a maximum of 60. The money is not subject to taxation at the time of the loan. Loan payments are deducted automatically from your pay. You may repay your loan early via a one-time lump sum payment of the balance due on the loan. Partial payments (other than regular payments made via payroll deduction), are not allowed. The interest rate on loans is based on the prime interest rate at the time the loan is processed.

9 The principal and interest paid on a CAP loan is added to your CAP account. You may have two loans outstanding at any one time. Loans are only available to active employees and become payable upon separation or retirement. (See the Loan Repayment section for details.) LOAN APPLICATION To apply for a loan, use the following methods: Authoria o Click on Other Resources o Click on CAP website Via the intranet while you are at work. Go to Dow Corning Homepage Dow Corning & Me Manage My Compensation & Benefits Access My CAP Account. Via the Internet at: rps.troweprice.com Toll-free telephone system: (800) LOAN REPAYMENT For employees actively at work, loans must be repaid through payroll deduction with the exception of a one-time repayment of the balance of the loan. If you leave active employment, your loan will be due in full. You may choose to pay the balance due or have T. Rowe Price, the Dow Corning CAP record keeper, report the balance to the government as ordinary taxable income for that year. In which case, your outstanding loan balance will be subject to all applicable taxes and penalties.. Deductions for loan repayments begin with your first paycheck following your loan distribution and continue on a monthly or bi-weekly basis, depending on your pay schedule. Extra payments are not allowed, with the exception of a one-time repayment of the balance of the loan. The principal and interest that you pay on the loan are credited to your D-CAP account. If payments are not received for three consecutive months, your loan is considered to be in default. Any uncollected balance is reported to the government as taxable income for that year and may be subject to penalty. NOTE: If you repay a D-CAP loan and take out another D-CAP loan within 12 months, according to IRS rules, T. Rowe Price must subtract the highest monthly outstanding loan total you had in the previous 12 months from your loanable balance. WITHDRAWALS The Capital Accumulation Plan is intended as a long-term savings program; however, withdrawals may be made under certain circumstances.

10 V-CAP WITHDRAWALS The following guidelines apply to V-CAP withdrawals: The maximum withdrawal amount is the value of your contributions plus earnings on those contributions. You are not entitled to withdraw any of the company matching funds unless you retire, become disabled or terminate your employment with Dow Corning. You cannot withdraw funds that have been in V-CAP less than 24 months. Federal tax and a 10 percent excise penalty may apply to the earnings withdrawn from your account. You will not pay taxes on your V-CAP contributions because you paid taxes on that money before it was placed in your account. V-CAP withdraw requests are processed daily and can be directly deposited into your bank account. You may initiate a withdrawal from V-CAP through the T. Rowe Price website or by calling the toll-free telephone system at (800) D-CAP HARDSHIP WITHDRAWALS Hardship withdrawals from your D-CAP account may be made only in the event of an immediate and serious financial need associated with costs such as: uninsured medical expenses, purchase of a primary residence, payment for the next 12 months of tuition for post-high school education, to pay for funeral expenses of an immediate family member, to repair damage to your principal residence (that would qualify for the casualty deduction under IRC section 165) or for the prevention of eviction or foreclosure on a principal residence. You may also qualify for a hardship withdrawal in the event of an immediate and serious financial need for costs associated with your primary beneficiary s uninsured medical expenses, payment for the next 12 months of tuition for post-high school education, or to pay for funeral expenses of an immediate family member. To qualify for a withdrawal, you will be required to prove a clear inability to obtain the necessary funds from other sources, such as a bank or CAP loan. The following guidelines apply to D-CAP hardship withdrawals: There is a limit of two D-CAP hardship withdrawals per calendar year. The maximum withdrawal amount is the current value of your contributions to D-CAP. You are not entitled to withdraw any earnings or any of the company matching funds for hardship withdrawals. After a hardship withdrawal, you will be subject to a six-month non-participation period. Your account will continue to earn interest and you may change investment direction on existing funds; however, you may not contribute monies to CAP or earn company-matching funds during this time. After the six-month suspension period, you will need to re-enroll for a contribution percentage if you would like to resume your contributions. You may do so via the T. Rowe Price website or by calling the toll-free telephone system at (800) Your withdrawal will be subject to a 10 percent federal tax withholding. In addition, you will be responsible for paying a 10 percent excise penalty. The 10 percent penalty will not be withheld; rather it will be your responsibility when you file your federal income tax for that year. Hardship withdraws are processed daily and can be directly deposited into your bank account. You may request a hardship withdrawal form through the T. Rowe Price website or by calling the toll-free telephone system at (800) Before a D-CAP hardship withdrawal may be approved, you must apply for a D-CAP loan, if you have a loanable amount available and/or take any V-CAP withdrawals that may be available to you at the time.

11 PAYOUT OF FUNDS Retirement You are entitled to the entire value of your account, including your contributions and company matching funds, when you retire. If you retire prior to the year that you turn age 55, certain restrictions apply. You may choose to be paid in total, receive regular monthly payments or make withdrawals from your account at any time. When you retire, you may defer your decision about disbursement of your account until a later date, but not beyond age 70 1/2. Death or Permanent Disability In the event of your death, the total value of your account, including your contributions, company contributions and interest earnings, will be paid to your beneficiary. If you have not named a beneficiary, the funds in your account are paid to your spouse or domestic partner, children, or estate, in that order. You should enter your beneficiary information on-line via the T. Rowe Price website or by calling a T. Rowe Price representative at (800) Appropriate waiver forms, if applicable, will be mailed to your home address. We recommend you review your beneficiary designations on a periodic basis, especially when you have a life event occur (such as marriage or divorce). If your beneficiary is your spouse, he or she can elect to maintain your CAP account upon your death. Your spouse will have the option to make investment election changes, but will not be able to add money to the account. Your spouse can take withdrawals or a full distribution of funds at any time and will continue to receive quarterly statements. Required minimum distributions will be made when you would have turned age If your domestic partner, children or estate are your beneficiary, they cannot maintain an account; funds must be disbursed to them upon your death. If you become permanently disabled, you are entitled to the entire value of your account. You will not be required to pay the 10 percent excise tax penalty for early withdrawal, but all applicable taxes will apply. Leaving the Company If you leave Dow Corning before you are eligible for retirement, you are entitled to the current value of your account. If your account is less than $1,000, you will automatically receive a lump-sum distribution of your account balance, which may be subject to a 10% penalty and all applicable taxes. If the balance is $1,000 or greater, you may leave the funds in your account and can elect to take distributions of any amount, at any time. If you have accepted employment with another company offering a 401K plan, you may be able to roll over the money in your account into your new employer's plan. It may also be possible to roll over the money into an IRA.

12 QUALIFIED DOMESTIC RELATIONS ORDER (QDRO) A qualified domestic relations order creates or recognizes the existence of an alternate payee's right to receive, or assigns to an alternate payee the right to receive, all or a portion of the benefits payable with respect to a participant under a pension plan, and that includes certain information and meets certain other requirements. A state authority, generally a court, must issue a judgment or order to formally approve the agreement before it can be a domestic relations order under ERISA. There is no requirement that both parties to a marital proceeding sign or otherwise endorse or approve an order. How long does the QDRO process take? It differs on a case-by-case basis. Below are the steps involved, before a payment from the Employees Retirement Plan can be made to an alternate payee: 1) A Domestic Relations Order (DRO) is received by the HR Service Center. 2) The DRO is then sent to our legal counsel to be approved. 3) Once the DRO is approved by Dow Corning legal counsel, it becomes an approved QDRO (Qualified Domestic Relations Order). This may take several weeks if revisions need to be made, etc. by the attorneys. 4) Acceptance letters are sent to all parties involved (i.e. defendant, plaintiff, attorneys). 5) If the Alternate Payee is eligible for payment from the CAP, a form will be sent to the Alternate Payee to complete and return to the HR Service Center. 6) Once the form has been returned and reviewed, the payment process will begin. This normally takes about two weeks for CAP distributions. Participants and beneficiaries can obtain further information regarding the QDRO process, by contacting the HR Service Center at HRSC (4772). Please note that Dow Corning cannot advise you regarding legal considerations relating to the CAP and your divorce. Therefore, if you have additional questions or concerns regarding this topic, you should seek professional advice from your personal legal counsel. ADDITIONAL INFORMATION For more information about the Capital Accumulation Plan: Authoria o Click on Other Resources o Click on CAP website Via the intranet while you are at work. Go to Dow Corning Homepage Dow Corning & Me Manage My Compensation & Benefits Access My CAP Account. Via the internet at: rps.troweprice.com Call the toll-free telephone system at (800)

13 SAVINGS POTENTIAL A Matter of Interest... How quickly can your contributions add up? Here's an example comparing the savings patterns -- and results -- of two employees. Employee A contributes a total of $16,000 in the first eight years of employment. Employee B contributes $44,000 in the last 22 years of employment. Assuming a 10 percent interest rate, here s what happened: Year Contribution Accumulated Value Employee A Employee B Employee A Employee B $ 2,200 $ 4,620 $ 7,282 $10,210 $13,431 $16,974 $20,872 $25,159 $27,675 $30,442 $33,487 $36,835 $ 2,200 $ 4,620 $ 7,282 $10,210 During years 13-24, Employee A continued to earn interest while making no further contributions. Employee B continued making contributions and earning interest Earnings for the two employees look like this: Employee A $204,801 Less 16,000 $188,801 Total Investment Earnings $127,165 $139,882 $153,870 $169,257 $186,183 $204,801 $ 89,198 $100,318 $112,550 $126,005 $140,806 $157,086 Employee B $157,086 Less 44,000 $113,086 Total Investment Earnings Remember, this example does not take into account any company match or earnings on a company match.

14 ERISA INFORMATION Plan Sponsor & Administrator: Employer Identification Number: Plan Number: 334 For additional information regarding appeals or equal rights To serve legal process, file with: Plan Year: Funding: Dow Corning Corporation Mail #HRSC Midland, MI ERISA and Equal Rights Information Plan Administrator at the above address, or: Dow Corning Corporation Legal Department P. O. Box 994 Midland, MI The Northern Trust Company 50 S. LaSalle St. Chicago, IL Fiscal records are kept on a calendar year beginning January 1 and ending December 31. Dow Corning and Participating Employers contribute limited matching funds as defined in the legal plan document. For a list of Participating Employers, contact the Plan Sponsor at the above address. Dow Corning Corporation intends to continue the Capital Accumulation Plan indefinitely. However, if it is necessary to discontinue the Plan, accounts will be fully distributed. The Capital Accumulation Plan is a defined contribution plan with individual accounts; therefore it is not covered by the Pension Benefit Guaranty Corporation (PBGC) /05/2011