Cargill 401(k) and Employee Stock Ownership Plan (ESOP)

Cargill’s 401(k) plan is a portable retirement account administered by Vanguard. You can take your vested balance with you when you leave Cargill. Here’s how it works:

Plan Participation

• You are eligible to participate in the 401(k) Plan immediately following your hire date.
• If you don’t make an election in the Plan you will be automatically enrolled at a 3% contribution rate soon after you join Cargill.

Your Contributions to the Plan:

• You can contribute up to 50% of your pay on a pre-tax basis, after-tax (Roth) basis or a combination of both
• The account then grows tax-free.

Matching Contribution:

• You are immediately eligible to receive 401(k) matching contributions.
• Cargill matches 100% on the first 3% you contribute, then 50% on the next 2% of pay you contribute to the Plan.
• Matching contributions are made quarterly in the form of Cargill stock.
• The matching contributions will be vested after you completed two years of service with Cargill.

What you need to do

A 401(k) enrollment kit will be mailed to your home by Vanguard within three weeks of your hire date. Here are the steps you need to take:

1. Enroll. You can enroll in 401(k) or the Roth feature at any time during the year by accessing vanguard.com or by calling 1-800-523-1188. To set up your account on vanguard.com, you’ll need your plan number (091080), name, Social Security number and date of birth.
2. Decide how much to contribute. You can contribute between 1 and 50% of your pay.
3. Select your asset allocations. You can choose to invest your contributions in the plan among a range of investment options.