Welcome to Empower Retirement

Danfoss USA Savings Plan

Welcome to Empower Retirement

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Agenda

Who is Empower Retirement? Transfer of your current savings plan Features of your plan at Empower Investment options Demonstration: Contacting Empower Retirement

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Who is Empower Retirement?

Your new service provider

We define success as helping people like you work toward replacing -- for life -- the income they earned while working

Danfoss chose Empower for their leading technology, unique user experience and service

Empower currently serves more than 36,000 retirement plans with over 8 million participants

Responsibilities

Receiving your payroll contributions Tracking your account balances Providing ongoing communication and education Providing your quarterly statements Providing customer support

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Retirement plan services



State-of-the-art website Online account management Planning calculators

844-465-4455

Retirement representatives available Monday ? Friday 7 a.m. to 9 p.m. Central time 24-hour automated phone system



Microsite that includes transition information and materials

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Transfer of your current savings plan

Overview

Effective January 2, 2018, several Danfoss company savings plans will be combined into one Danfoss USA Savings Plan

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Key dates ? Investment Re-enrollment

December 6, 2017 - December 20, 2017

Investment re-enrollment window Log on to to make investment election If no election is made, assets will be defaulted into T. Rowe Price target date fund based on

your date of birth

The following will transfer to Empower

Contribution elections Loan information Beneficiary elections (some beneficiary election info may be complex and not transferrable)

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How your account will transfer

Unless you make an election by December 20th, your account will automatically transfer.

If you were born:

Your target date fund will be:

Earlier than 12/31/1937

T. Rowe Price Retirement Balanced Trust F

1/1/1938 - 12/31/1942

T. Rowe Price Retirement 2005 Trust F

1/1/1943 - 12/31/1947

T. Rowe Price Retirement 2010 Trust F

1/1/1948 - 12/31/1952

T. Rowe Price Retirement 2015 Trust F

1/1/1953 - 12/31/1957

T. Rowe Price Retirement 2020 Trust F

1/1/1958 - 12/31/1962

T. Rowe Price Retirement 2025 Trust F

1/1/1963 - 12/31/1967

T. Rowe Price Retirement 2030 Trust F

1/1/1968 - 12/31/1972

T. Rowe Price Retirement 2035 Trust F

1/1/1973 - 12/31/1977

T. Rowe Price Retirement 2040 Trust F

1/1/1978 - 12/31/1982

T. Rowe Price Retirement 2045 Trust F

1/1/1983 - 12/31/1987

T. Rowe Price Retirement 2050 Trust F

1/1/1988 - 12/31/1992

T. Rowe Price Retirement 2055 Trust F

1/1/1993 - later

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T. Rowe Price Retirement 2060 Trust F

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