NACCO Industries Approves Amendment to Excess Retirement Plan
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NACCO Industries Inc. announced an amendment to its Excess Retirement Plan, effective January 1, 2026. The amendment allows separate deferral elections to the Excess Plan and the Retirement Savings Plan, with deferrals to the Excess Plan starting after reaching the Section 402(g) limit. Additionally, NACCO and Alfred M. Rankin, Jr. agreed to terminate his consulting agreement effective December 31, 2025.
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