Orizon Ridge 401k Retirement Plan Terms & Conditions

Welcome to Orizon Ridge Retirement Services. These terms govern your participation in our 401k retirement savings plan. For questions about your retirement account, contact our Retirement Plan Administrator at 301 East Water Street, Charlottesville, VA 22904 Virginia.

1. Plan Eligibility and Enrollment

You are eligible to participate in the Orizon Ridge 401k plan if you are at least 18 years old and have completed our enrollment process. Enrollment is available through your online dashboard, where you can select contribution amounts and investment options.

2. Contribution Limits and Matching

Annual contribution limits are set by the IRS. For 2024, the limit is $23,000 for participants under age 50, with an additional $7,500 catch-up contribution allowed for those 50 and older. Employer matching details are specified in your individual plan agreement.

3. Investment Options and Risk Disclosure

Our platform offers diversified investment plans with varying annual percentage yields (APY) and risk levels. Investment performance is not guaranteed, and past results do not predict future returns. You are responsible for selecting investments appropriate for your risk tolerance and retirement timeline.

4. Withdrawal Rules and Penalties

401k funds are intended for retirement and are subject to IRS regulations:

• Early Withdrawal: Withdrawals before age 59½ may incur a 10% IRS penalty plus income taxes
• Hardship Withdrawal: Available for immediate financial emergencies, subject to documentation and approval
• Required Distributions: Must begin at age 73 as mandated by IRS rules
• Loan Options: May borrow up to 50% of vested balance, subject to repayment terms

5. Account Management and Statements

You can manage your retirement account through our secure online dashboard, including contribution adjustments, investment selection, and transaction history. Digital statements are provided quarterly, and PDF receipts are available for all transactions.

6. Recurring Contributions and Payroll Integration

You may set up automatic recurring contributions from your payroll or bank account. Changes to contribution amounts require advance notice and will take effect in the next payroll cycle. Contribution failures due to insufficient funds may result in account holds.

7. Account Security and Privacy

We maintain bank-level security for all retirement account data, including encrypted transactions and multi-factor authentication. Your personal and financial information is protected under federal privacy laws and is never shared without your consent, except as required by law.

8. Plan Changes and Termination

Orizon Ridge reserves the right to modify plan terms with 30 days' notice to participants. In the event of plan termination, you will have options to rollover funds to another qualified retirement plan or IRA without penalty.

9. Beneficiary Designation

You must designate beneficiaries for your 401k account. Beneficiary changes can be made through your online dashboard and require written confirmation. In the absence of a designated beneficiary, funds will be distributed according to plan default provisions.

10. Customer Support and Dispute Resolution

Our retirement specialists are available to assist with account questions, investment guidance, and transaction support. Disputes regarding account management or investment performance will be handled through our formal resolution process, with final arbitration available if needed.