Disclosures

MERIT is governed by the Maine Retirement Savings Board (“MRSB”), an instrumentality of the State of Maine. Vestwell State Savings, LLC (“Vestwell”), dba Sumday Administration (“Sumday”), is the program administrator. Vestwell and The Bank of New York Mellon are responsible for day-to-day program operations. Participants who use MERIT beneficially own and have control over their Roth Individual Retirement Accounts (“IRA”), as provided in the program offering set out at MERITSaves.com.

MERIT’s investment options are selected by the MRSB. For more information on MERIT’s investment options, go to MERITSaves.com. Account balances in MERIT will vary with market conditions and are not guaranteed or insured by the MRSB, the State of Maine, the Federal Deposit Insurance Corporation (“FDIC”) or any other organization. Employees should read the Program Description in their entirety before making an investment decision. Visit the Program Description.

MERIT is a completely voluntary retirement program. Saving through a Roth IRA will not be appropriate for all individuals. Employer facilitation of MERIT should not be considered an endorsement or recommendation by your employer of MERIT, Roth IRAs, or the investment options in the program. Roth IRAs are not exclusive to MERIT and can be obtained outside of the program and contributed to outside of payroll deduction. Contributing to a MERIT Roth IRA through payroll deduction offers some tax benefits and consequences. You should consult appropriate professional advice or consultation if you have questions related to taxes or investments.

The MERIT name and the MERIT logo are trademarks of the MRSB and may not be used without permission.