401(k) - Retirement Savings Account

Cynet chose Capital Group as the provider for your retirement plan.

Capital Group will guide you along the path to enrollment and help you plan for the future. Saving for the future may not always feel easy, but the reality is that Social Security alone won’t be enough to live comfortably – especially with increasing life expectancies and longer retirements. That’s why it’s good to start saving as soon as possible.

Enrolling is simple!

  • Choose: Decide how much you want to contribute and choose your funds
  • Enroll: Complete the forms and return them to Cynet at [email protected]
  • Done: Designate your beneficiaries, and if possible consolidate or roll over another retirement plan into your new plan.

To be eligible to join the 401(K) you must complete 6 months of consecutive service with Cynet. Coverage would be effective first of the month following enrollment. Employer contributions will be 25 cents on a $ up-to 6% for 12/31/2025-12/31/2026. To be eligible for the employer match, you MUST complete at least 500 hours of service and work till the end of calendar year.

Download 401(k) Booklet

Highlights of your 401(k) plan include:

  • Investment options are available to help you grow your funds.
  • Plan services are available to assist with managing your account and retirement planning
  • Convenient payroll deductions are automatic and directed into your account each pay period.
  • You may elect to contribute between 1% - 90% of your compensation, up to the annual limits set by the IRS.
  • Individual annual contribution limits set by the IRS for 2025 are $23,500; if you are turning age 50 or older in 2025, you may contribute an additional amount up to $7,500.
  • Rafanelli & Nahas will match up to 6% of your pay toward your retirement plan.
  • Once you have enrolled, investment information may be accessed at www.principal.com or the toll free number 800.547.7754.
  • Individual annual contribution limits set by the IRS for 2025 are $23,000. If you are turning age 50 or older in 2025, you may contribute an additional amount up to $7,500; if you are turning age 60 to 63, you may contribute an additional amount up to $11,250.
25% Tax Bracket
25% Tax Bracket
Gross income
$30,000
$30,000
Pre-tax Contribution Rate
4%
6%
Weekly Plan Contribution
$23.08
$34.62
Weekly Tax Savings
$5.77
$8.66
Weekly Out-of-Pocket Contribution
$17.31
$25.96
Annual Contribution
$1,200
$1,800
Annual Tax Savings
$300
$450
Account Balance – 30 Years
$150,030
$225,044

This illustration assumes an 8% annualized rate of return, compounded monthly with the reinvestment of earnings. A plan of

systematic savings does not ensure a profit or prevent a loss in a declining market. We recommend you seek professional

advice from a tax adviser when making decisions regarding investing for your retirement.

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