ANDERSONS FURNITURE, INC

ly practicable following their date of hire. Part-time employees are eligible to begin deferring money into the Plan upon meeting the 1,000 hours and 12-month service requirement. Employer matching contributions begin once the employee enters the Plan. The Plan provides for retirement, disability and death benefits for participants who meet certain eligibility requirements. Contributions Participant Contributions Employee contributions may be made by salary reduction up to 75 % of annual compensation (in 1% increments) subject to the maximum annual contribution allowed by the Internal Revenue Code (the "IRC"). Participants are automatically enrolled in the Plan with an effective pretax deferral of 5 % of compensation unless a participant affirmatively elects out of the automatic deferral f

ing contributions, rollover contributions and any income or loss thereon. Performance contributions vest 20 % per year of service. Participants with over five years of service are fully vested in all performance contributions along with those who meet the normal retirement age of 65 or in the event of disability or death. A year of service is defined as being credited with at least 1,000 hours of service to the Company during a Plan year. The Plan includes employees of acquired entities or businesses and recognizes each individual's service for vesting purposes if such service at the acquired entity had been rendered at the Company. Forfeitures Forfeitures of non-vested performance contributions are used to reduce future Employer contributions. The Plan used forfeitures of $ 338,590 to red

salary reduction up to 75 % of annual compensation (in 1% increments) subject to the maximum annual contribution allowed by the Internal Revenue Code (the "IRC"). Participants are automatically enrolled in the Plan with an effective pretax deferral of 5 % of compensation unless a participant affirmatively elects out of the automatic deferral feature or elects a different deferral rate. The Plan also provides participants the option to choose Roth deferrals and the option to allocate their contributions into a self-directed brokerage account. The Plan may accept rollover contributions from certain Individual Retirement Accounts or from other qualified defined benefit or contribution plans of the Company or former employers of the participant. Employer Contributions The Plan provides for a r

me 64,463,960 Interest income on notes receivable from participants 394,267 Total additions 92,272,442 Deductions Benefit payments to active and terminated participants 45,127,284 Administrative fees 406,848 Total deductions 45,534,132 Net increase in net assets available for benefits 46,738,310 Net assets available for benefits Beginning of year 368,414,056 End of year $ 415,152,366 See Notes to Financial Statements. 2 Table of Contents The Andersons, Inc. Retirement Savings Investment Plan Notes to Financial Statements Note 1 – Description of Plan and Accounting Policies Plan Description The Andersons, Inc. Retirement Savings Investment Plan (the “Plan”), a defined contribution retirement plan, is sponsored by The Andersons, Inc. (the "Plan Sponsor," "Employer" or the "Company"). The Pla