Save now to enjoy life later

Save for the future today while getting tax breaks (and enjoy employer matching contributions) by participating in the 401(k) plan.

How the 401(k) Works:

• Contribute 1% – 75% of your eligible compensation (base salary + bonuses + commissions), up to the IRS limits. Relias will match up to 6% of your contributions after you have been here for one year.
• Keep contributing (by selecting to auto-increase your contribution by 1% each year) to let your account grow tax-free as your investments gain returns.
• Elect to make contributions either pre-tax or post-tax (e.g., Roth 401(k) account).
• Withdraw money from your 401(k) account with no penalty when you reach age 59½. If you withdraw money before then, you will pay a penalty and taxes on that amount (Note: 401(k) loans are available, but are subject to interest and penalties).

Enrolling in the 401(k):

As a new hire, you can enroll in the 401(k) plan any time after your date of hire. If you do not actively enroll or elect 0%, you will be automatically enrolled in the plan 60 days after your hire date, at a 6% contribution rate.

Go to Fidelity, www.netbenefits.com, to enroll in the plan or change your contribution at any time.

Contribution Options:

You can contribute to the 401(k) plan either pre-tax and/or post-tax (e.g., Roth 401(k) plan).

With the pre-tax option:

• Contributions are deducted from your paycheck before taxes are withheld, reducing your taxable income.
• You can contribute up to 75% of your eligible compensation, up to the IRS limit.
• Withdrawals are subject to income tax.

With the post-tax or Roth plan:

• Contributions are deducted from your paycheck after taxes are withheld.
• You can contribute up to 75% of your eligible compensation, up to the IRS limit.
• Withdrawals from the plan are generally permitted when you terminate employment, retire, reach age 59 ½, become permanently disabled, or have a severe financial hardship as defined by the Plan.

Free Money from Relias:

For each $1 you contribute to your 401(k) savings plan account, Relias will also contribute $1, up to 6% of your contributions, after you reach one (1) year of service. The 401(k) is essential to making sure you can pay for what you need when you stop working. We encourage everyone to “meet the match” and contribute 6% to your 401(k), once you are match-eligible. Otherwise, you’re leaving money on the table and not maximizing your retirement savings ability.

Here’s how the match works: Relias contributes $1 for $1 on the first 6% of your eligible earnings. Let’s look at some examples of the matching contribution for an employee with an annual salary of $50,000. You can see you’ll get more for your money when you contribute at least 6% of your salary.

Per the IRS, the annual compensation limit for 2025 is $350,000 – this means Relias can match up to 6% of $350,000, which is $20,700 per plan year.

Rollovers:

You may roll over eligible pre-tax and post-tax contributions from another 401(k) plan or other qualified retirement plan, or eligible pre-tax contributions from individual retirement accounts (IRAs) to your account in the plan. Please consult a tax advisor and carefully consider the impact of making a rollover contribution to the plan; it may affect your eligibility for future special tax treatment.

• Rolling money from another retirement plan into your 401(k)

Financial Planning:

Fidelity provides three approaches to assist you in investing amount the fund investment options in our plan.

• Professional Management: A team of professionals using proprietary tools analyzes the investments Single Fund Strategy: Select a target date fund based on a projected retirement date. The fund will adjust by itself to become more conservative over time.
• Online Planning & Guidance Center: If you prefer to actively manage your account, this may be right for option for you! This easy-to-use website offers objective, professional advice to help you refine your investment strategy. You can get a personalized forecast showing how much your investments may be worth when you retire, and see a step-by-step action plan with specific investment recommendations. You can also fine-tune your strategy by exploring different contribution rates, risk levels, and retirement goals.
• Professional Management: Fidelity Personalized Planning & Advice provides a team of experience investment professionals who can help you reach your retirement goals. This service is fee-based.
• To get started, log into Fidelity NetBenefits at www.netbenefits.com

Loans:

Generally, the Plan allows you to borrow up to 50% of your vested account balance, to a maximum of $50,000 reduced by the highest outstanding loan balance during the prior 12-month period. The minimum loan amount is $1,000. You then pay the money back into your account, plus interest, through after-tax payroll deductions. Loans may continue to be repaid after termination of employment.

You may only have one loan outstanding at a time. If you want to initiate a new loan, but you already have a loan outstanding, you would need to repay the outstanding loan in order to get a new loan. Upon receipt of your final repayment, there is a 15-day delay before a new loan can be initiated. The cost to initiate a loan is $50. The initiation fee will be deducted directly from your individual Plan account.