OnTrac 401(k) Retirement Savings Plan

Plan Overview

OnTrac offers a 401(k) retirement savings plan to help you save for retirement. The company matches 50% of your contributions up to 6% of your salary.

Eligibility

You are eligible to enroll after 90 days of employment.

Company Match

OnTrac matches 50% of your contributions up to 6% of your pay.

Examples:

• You contribute 6%: OnTrac adds 3% (total 9% going into your account)
• You contribute 4%: OnTrac adds 2% (total 6% going into your account)
• You contribute 2%: OnTrac adds 1% (total 3% going into your account)

The match goes into your account each pay period.

Contribution Limits

2025 IRS limits:

• Under age 50: $23,500 per year
• Age 50+: $31,000 per year (includes $7,500 catch-up)

How to Enroll

Step 1: Log into DayForce

Step 2: Click "Benefits"

Step 3: Select "401(k) Plan"

Step 4: Choose your contribution percentage (1-75% of pay)

Step 5: Select your investments from available options

Step 6: Confirm and submit

Changes take effect the next pay period.

Roth 401(k) Option

OnTrac offers both traditional and Roth 401(k) options:

Traditional 401(k): Contributions are pre-tax. You pay taxes when you withdraw in retirement.

Roth 401(k): Contributions are after-tax. Withdrawals in retirement are tax-free.

You can split contributions between traditional and Roth.

Vesting

You are immediately 100% vested in your contributions.

Company match vesting schedule:

• After 1 year: 20% vested
• After 2 years: 40% vested
• After 3 years: 60% vested
• After 4 years: 80% vested
• After 5 years: 100% vested

Changing Your Contribution

Change your contribution percentage anytime in DayForce. Changes take effect the next pay period.

Investment Options

The plan offers multiple investment options including target-date funds, stock funds, bond funds, and stable value funds. Review options and fund performance in your 401(k) account.

Loans and Withdrawals

You can take loans or hardship withdrawals from your 401(k) in certain situations. Contact the plan administrator for details.

Plan Administrator

OnTrac's 401(k) is administered by [Plan Provider]. Contact them at 1-800-XXX-XXXX for investment questions or account access.

Questions?

Contact the benefits team through AskHR or call 1-800-XXX-XXXX ext. 3.