DUKE DOVER OPERATIONS INC

icipate in the Plan may make pre-tax deferrals or Roth 401(k) contributions to the Plan. Subsidiaries of Dover that participate in the Plan (each, a "Participating Employer") make matching contributions and may make discretionary profit-sharing contributions and automatic base contributions to the Plan. Generally, all employees of such participating companies who have reached age 18 are immediately eligible to participate in the Plan. Automatic Enrollment and Escalation The Plan has an automatic enrollment feature for all employees. Eligible employees are enrolled automatically in the Plan at a 3 % pre-tax contribution rate unless they formally elect to opt-out of the Plan or affirmatively elect to contribute at an alternative rate within thirty days starting at the date of hire. Participa

ly employed on the last day of the Plan Year. A Participating Employer may also elect to make a profit sharing contribution based on a stated formula. Vesting All participants are fully vested immediately with respect to their own pre-tax deferrals, Roth 401(k) contributions, catch-up contributions and Basic Employer Matching Contributions. Generally, the automatic non-elective contributions vest immediately for employees of Participating Employers. Except for those Participating Employers whose employees' profit-sharing contribution accounts are immediately vested, a participant's profit-sharing account generally becomes fully vested after five years of service at a rate of 20 % per year. A participant's profit-sharing account may also become fully vested upon the participant's attainment

and automatic base contributions to the Plan. Generally, all employees of such participating companies who have reached age 18 are immediately eligible to participate in the Plan. Automatic Enrollment and Escalation The Plan has an automatic enrollment feature for all employees. Eligible employees are enrolled automatically in the Plan at a 3 % pre-tax contribution rate unless they formally elect to opt-out of the Plan or affirmatively elect to contribute at an alternative rate within thirty days starting at the date of hire. Participants who are automatically enrolled in the Plan will have their deferral amounts automatically increased by 1 % annually (up to a maximum of 6 %), unless they otherwise elect to opt-out of the automatic increase feature. Pre-tax contributions of participants w

from participants 1,648 Contributions: Participant 72,975 Employer 49,307 Rollovers 8,738 Total contributions 131,020 Total additions 362,627 Deductions: Distributions ( 232,179 ) Administrative expenses ( 1,299 ) Total deductions ( 233,478 ) Increase in net assets available for benefits prior to transfers 129,149 Plan transfers 6,507 Increase in net assets available for benefits after transfers 135,656 Net assets available for benefits: Beginning of year 1,865,914 End of year $ 2,001,570 See Notes to Financial Statements 3 Dover Corporation Retirement Savings Plan Notes to Financial Statements (Amounts in thousands except where otherwise indicated) 1. Description of the Plan The following description of the Dover Corporation Retirement Savings Plan (the "Plan") provides only general plan-