TRACTOR SUPPLY COMPANY 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN ...

TRACTOR SUPPLY COMPANY

401(K) RETIREMENT SAVINGS PLAN

SUMMARY PLAN DESCRIPTION

Effective January 1, 2016

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TRACTOR SUPPLY COMPANY 401(K) RETIREMENT SAVINGS PLAN

SUMMARY PLAN DESCRIPTION

TABLE OF CONTENTS

SECTION 1. WELCOME..................................................................................................................................... 1

SECTION 2. WHAT DOES THE PLAN MEAN TO ME? .................................................................................... 2

SECTION 3. WHEN AM I ELIGIBLE TO JOIN THE PLAN? .............................................................................. 2

SECTION 4. WHAT HAPPENS AFTER I JOIN THE PLAN?............................................................................. 2

SECTION 5. CAN I CONTRIBUTE TO THE PLAN?.......................................................................................... 2

SECTION 6. HOW MUCH DOES THE COMPANY CONTRIBUTE TO MY ACCOUNT IN THE

PLAN? ........................................................................................................................................... 3

SECTION 7. HOW ARE MY CONTRIBUTIONS TO MY ACCOUNT LIMITED? .............................................. 4

SECTION 8. WHAT HAPPENS TO MY ACCOUNT IF I RETIRE OR TERMINATE EMPLOYMENT? ........... 4

SECTION 9. HOW IS MY ACCOUNT INVESTED? ........................................................................................... 4

SECTION 10. WHAT ARE MY BENEFITS UNDER THE PLAN? ..................................................................... 6

SECTION 11. WHEN WILL MY PLAN BENEFITS BE PAID TO ME? .............................................................. 6

SECTION 12. IN WHAT FORM CAN I RECEIVE PAYMENT OF MY PLAN BENEFITS? ............................... 6

SECTION 13. HOW ARE MY BENEFITS UNDER THE PLAN TAXED? .......................................................... 7

SECTION 14. CAN I WITHDRAW MONEY FROM THE PLAN WHILE I AM STILL EMPLOYED? ................. 7

SECTION 15. CAN I BORROW MONEY FROM THE PLAN? .......................................................................... 8

SECTION 16. WHAT IS THE PROCEDURE FOR FILING A BENEFITS CLAIM? ........................................... 8

SECTION 17. HOW CAN I APPEAL IF MY CLAIM FOR BENEFITS IS DENIED? .......................................... 8

SECTION 18. CAN MY BENEFITS BE REDUCED OR LOST?........................................................................ 9

SECTION 19. HOW IS THE PLAN ADMINISTERED? ...................................................................................... 9

SECTION 20. IS THERE ANYTHING ELSE I SHOULD KNOW? ................................................................... 10

SECTION 21. STATEMENT OF ERISA RIGHTS ............................................................................................ 11

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TRACTOR SUPPLY COMPANY

401(K) RETIREMENT SAVINGS PLAN

SUMMARY PLAN DESCRIPTION

SECTION 1 ¨C WELCOME

Quick Reference Box

¡ö Telephone assistance: Fidelity: 1-800-835-5095;

Tractor Supply Company 1-615-440-4000

¡ö Online assistance: Fidelity¡¯s website at ;

Tractor Supply Company¡¯s intranet site, The Barn/Mule

This Summary Plan Description (¡°SPD¡±) is a summary of your benefits, rights and obligations under the

Tractor Supply Company 401(k) Retirement Savings Plan (the ¡°Plan¡±). A trust fund has been established to

hold and invest the assets of the Plan known as the Tractor Supply Company 401(k) Retirement Savings

Trust (the ¡°Trust¡±). This SPD is designed to answer your questions about how the Plan and Trust work. A

table of contents at the front of this SPD will help you find the answers to particular questions. Crossreferences and examples have been included to help you understand Plan provisions. Capitalized terms are

defined in this document.

This SPD is intended to comply with the summary plan description requirements of the Employee Retirement

Income Security Act of 1974 (¡°ERISA¡±) and the regulations issued thereunder by the United States

Department of Labor. It supersedes any previous printed or electronic SPD for this Plan. It is not a

complete description of all the provisions of the Plan or the Trust and it creates no rights. Instead, the

provisions of the Plan and Trust documents govern all benefits and control over any statement in this SPD

and any other written document or oral statements concerning the Plan. All statements in this SPD are

subject to change at any time. This SPD is intended to apply to the Plan and the Trust as they exist on

January 1, 2016. If you have any questions that are not addressed fully in the Plan or this summary, please

contact your Human Resources representative during regular business hours for further information and

personal assistance.

You have the right to make certain decisions under the Plan. For example, you may elect to contribute a

portion of your salary to the Plan on a pre- or post-tax basis (see Section 4). You also have the right to direct

the investment of your account balance in the Plan among several investment options (see Section 8). You

may name a beneficiary to receive your Plan benefits if you should die (see Sections 3 and 11).

Tractor Supply Company intends to continue this Plan, but reserves the right, in its sole discretion, to

modify, change, revise, amend or terminate the Plan at any time, for any reason, and without prior

notice. This SPD is not to be construed as a contract of or for employment. If there should be an

inconsistency between the contents of this SPD and the contents of the Plan, your rights shall be

determined under the Plan and not under this SPD.

¡ö

How To Use This SPD

Read the entire SPD, and share it with your family. Keep it in a safe place for future reference.

¡ö Many of the sections of this SPD are related to other sections. You may not have all the

information you need by reading just one section.

¡ö You may download this SPD and any future amendments at Fidelity¡¯s website, , or

on Tractor Supply Company¡¯s intranet site, The Barn/Mule.

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SECTION 2. WHAT DOES THE PLAN MEAN TO ME?

The Plan was established by Tractor Supply Company (the ¡°Company¡±) to help you provide for your

retirement. If you are eligible, you will be allowed to contribute to the Plan each year and the Company may

match your contribution up to certain limits. Contributions are invested according to your direction through the

Trust, as described in Section 8.

The Company has adopted the Plan with the intention of maintaining it indefinitely. Nonetheless, the

Company has retained the right to amend or terminate the Plan at any time. However, the benefits you have

accrued on the date of such amendment or termination may not be reduced. Any amendment or termination

of the Plan must be in a writing that is approved or ratified by an authorized officer or the board of directors of

the Company. Generally, the Company is not required to provide you with notice of the amendment or

termination of the Plan before it is effective.

SECTION 3. WHEN AM I ELIGIBLE TO JOIN THE PLAN?

Generally, if you are a regular employee of the Company who is at least 18 years of age, you may begin

making ¡°Salary Deferral Contributions¡± (see Section 5) as soon as administratively possible after your date of

hire. Employees who are nonresident aliens with no U.S.-source income, leased employees and employees

covered by a collective bargaining agreement are not eligible to participate in the Plan.

Special rules apply to rehired employees. Generally, if you are an employee who is otherwise eligible to

participate in the Plan, and you previously separated from service with the Company with a nonforfeitable

interest in your ¡°Matching Account¡± or ¡°Profit Sharing Account¡± (see Section 6), you will reenter the Plan as a

participant on the date you resumed service.

You may elect to make a rollover contribution to the Plan before you are otherwise eligible to become a

participant in the Plan. See Section 5 for the rules on making rollover contributions.

SECTION 4. WHAT HAPPENS AFTER I JOIN THE PLAN?

After you have become a participant in the Plan, you can begin making Salary Deferral Contributions,

described in Section 5, by completing the enrollment process that is established by the administration

committee of the Plan (the ¡°Committee¡±) (see Section 19). To make a rollover contribution to the Plan, also

described in Section 5, you must follow the procedures established by the Committee.

All contributions and investments under the Plan are credited to a separate bookkeeping ¡°Account¡± in the

Trust maintained by the Trustee in the name of each participant. Your benefit in the Plan will be determined

by the amount in this Account. You may access and complete the form found at to name a

beneficiary, or change a named beneficiary, to receive any benefits payable after your death. If you are

married, your surviving spouse will automatically be your beneficiary unless your spouse has consented in

writing to your designation of someone else as your beneficiary. You will be permitted to direct the investment

of the amount in your Account by selecting from the investment funds that are available under the Trust, as

described in Section 9.

SECTION 5. CAN I CONTRIBUTE TO THE PLAN?

The following describes several ways that you can contribute to the Plan. Section 7 explains the limits on the

amount you may contribute each year.

Salary Deferral Contributions. You may contribute from 1% to 100% (in whole percentages) of your annual

compensation to the Plan in each pay period. Note that if you are eligible to receive an annual bonus, you

may make separate deferral elections for your annual base compensation and your annual bonus

compensation. By way of example, that means you could elect to defer 15% of your annual base

compensation, but 100% of your annual bonus compensation. A separate election may not be made from

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any other bonus you are eligible to receive. These ¡°Salary Deferral Contributions,¡± and earnings on

investments through the Trust, are not taxed for federal income tax purposes until the time you actually

receive a distribution from the Plan. You may stop your Salary Deferral Contributions at any time and you

may change the amount of your future Salary Deferral Contributions at the beginning of each payroll period.

The federal government limits the total amount of Salary Deferral Contributions that may be made in each

year by any participant, subject to annual adjustments (see Section 7). For the 2016 Plan Year, the Salary

Deferral limit is $18,000.

Roth Contributions. Participants can also make ¡°Roth Contributions¡± to the Plan. Roth Contributions are

taxed for federal income tax purposes, just like regular compensation. However, your Roth Contribution

account, including earnings, is paid tax-free when you receive a distribution from the Plan. Future Roth

Contributions can be changed or stopped at the beginning of each payroll period.

Roth Contributions can be made in lieu of or in addition to your Salary Deferral Contributions. If you are

eligible to receive an annual bonus, you may also make separate Roth Contribution deferral elections for your

annual base compensation and your annual bonus compensation. For example, you could make an election

to have 5% of your annual base compensation be Roth Contributions, and 20% of your annual bonus

compensation be Roth Contributions. However, the federal government limits the total amount of Roth 401(k)

and Pre-Tax Salary Contributions that may be made in each year by any participant, subject to annual

adjustments. For the 2016 Plan Year, the Salary Deferral limit for both pre-tax deferrals and Roth 401(k)

deferrals combined is $18,000. A separate election may not be made from any other bonus you are eligible

to receive.

Catch-Up Contributions. Generally, any participant who reaches age 50 or more during a calendar year (a

¡°Plan Year¡±) may make an additional contribution up to certain dollar amounts specified in the Internal

Revenue Code and subject to annual adjustments. This limit is $6,000 in 2016. These contributions, called

¡°Catch-up Contributions,¡± are permitted without regard to annual IRS limits described in Section 7. These

contributions will be taxed the same as Salary Deferral Contributions unless you elect to treat them as Roth

Contributions. You may not elect to defer any amounts of your annual bonus compensation as Catch-Up

Contributions.

Rollover Contributions. With the consent of the Committee, ¡°Rollover Contributions¡± may be made after you

commence employment. There are three types of rollovers:

Plan Rollover. If you have received a distribution from a retirement plan of a previous employer, you may

generally roll the amounts over to the Plan within 60 days of the date you received the distribution. If the

trustee of your prior plan withheld taxes on your distribution, you may be permitted to add other funds to the

net payment you received so that 100% of your distribution is rolled into the Plan.

Direct Rollover. In most cases, amounts that you can receive from another tax-qualified plan may be directly

rolled over to the Plan. Direct rollovers are not subject to withholding tax. You should ask the administrator of

the other plan for instructions on making a direct rollover to the Plan.

IRA Rollover. Amounts held in an individual retirement account (¡°IRA¡±) that are from pre-tax contributions,

including amounts that were received in a distribution from a tax-qualified plan of a previous employer, may

be rolled into the Plan. Amounts from a Roth IRA may not be rolled into the Plan.

You may contact Fidelity Investments at 1-800-835-5095 for more information about Rollover Contributions.

SECTION 6. HOW MUCH DOES THE COMPANY CONTRIBUTE TO MY ACCOUNT IN THE PLAN?

Contributions made by the Company to the Plan are allocated to your account after you have satisfied

applicable eligibility requirements. The Plan permits different types of contributions to be made by the

Company.

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