Hey folks

We are excited to introduce a new 401(k) plan for our CybSafe Inc employees. It is currently set up as an optional non Safe Harbor, non CybSafe contributory plan in order for us to get it live this year, however we are reviewing our options for January 2025 and will update you with any changes. You will be auto-enrolled but can opt out by signing into the portal and setting your contribution to 0%.

This will be run through Trinet and uses their MEP plan which ensures the lowest fees and the benefits of group purchasing for the funds. You can find out more about the plan and the choice of investment funds here.

You will also have access to the following:

Online Advice

• Point-in-time advice
• Savings and investment recommendations
• No additional cost
• Participant has control over investment transactions
• Participant portal, mobile app and Customer Care Center representative

You can manage your 401(k) plan through the Empower Personal Dashboard which is their award winning portal, using either your desktop or the mobile app.

When is this available?

The plan will be available to join from October 1, 2024.

How do I get started?

You will receive an email from Trinet letting you know you can join the plan and I will share an invite for the following training/information session.

Enrollment & Investment Meetings for Worksite Employees: The enrollment meeting is scheduled for 9/18/2024. The investment education meeting will be hosted after the enrollment meeting. After the enrollment meeting is complete, the investment education meeting invitation will be sent directly to employees who attended the enrollment session by the Empower education team.

When can our worksite employees enroll into the 401(k) Plan with TriNet? All eligible work site employees will have the ability to enroll into the 401(k) plan right around 10/1/2024. They can enroll into the plan as soon as they receive the enrollment instructions by email. Eligibility is 3 months’ service.

How long does it take for 401(k) contributions to be withheld from the worksite employee’s paycheck? When your worksite employees enroll into the 401(k), it takes approximately 7 business days for their 401(k) contribution election to be updated in TriNet payroll. Worksite employees who do not update their deferral election 7 business days before their pay date will see their first contribution withheld on the following pay date.