Defined Contribution Plan

You are eligible for participation in this plan upon hire.

Eligible employees are not required to be participants in the Company’s 401(k) Retirement Savings Plan in order to be eligible for the Retirement Contribution Plan. Barnes will contribute an amount equal to 4% of the employee’s eligible compensation each plan year to those who meet the plan’s eligibility requirements.

In all cases, allocation of the retirement contribution for a plan year will be made only for each eligible employee who remains employed as of the last day of the plan year (or who terminated employment during the plan year by reason of retirement on or after reaching age 55, disability, or death).

Contributions will generally be made no later than March 31 of the following plan year and will be invested in each participant’s current investment elections.

The vesting schedule for the retirement contributions made to the plan is as follows:

• 0% before 1 year of vesting service;
• 20% on or after 1 year of vesting service, but less than 2 years;
• 40% on or after 2 years of vesting service, but less than 3 years;
• 60% on or after 3 years of vesting service, but less than 4 years;
• 80% on or after 4 years of vesting service, but less than 5 years;
• 100% on or after 5 or more years of vesting service