Atlas Technologies, Inc.

NOMINATOR COMMENTS

I nominated my client for Plan Sponsor of the Year because of its exceptional commitment to enhancing its employees’ retirement outcomes. This year, it made a significant improvement by increasing its retirement plan match, which will drive better financial outcomes for its workforce. The company’s attention to plan management keeps the plan optimized to meet both the needs of the employees and the company’s goals. The plan already has a strong participation rate, and this recent change should further boost employees’ engagement and prospects for long-term financial security. By designing a plan that prioritizes employees’ future success, Atlas Technologies exemplifies what it means to be a responsible and forward-thinking plan sponsor.

PLANSPONSOR: Please cite any noteworthy initiatives you have taken in the past 24 to 36 months that have produced results to improve your plan, and describe the results.

Atlas Technologies: Atlas Tech is committed to the long-term success of our team members. We have increased our matching dollars and decreased our vesting schedule in the past year. A challenge is to impress upon the younger generation entering the workforce that a few dollars per pay period set aside from their paycheck now will mean the world to them later in life. So we make guidance about saving—from financial advice to financial wellness coaching—readily available to all of our team members. We introduced a program that allows them to have unlimited, no-cost access to a financial planner to help them meet their retirement goals. And, because so many in that new generation start their careers with student loan debt, we offer a student loan paydown contribution to help free up more dollars to put toward retirement savings.

PLANSPONSOR: Please explain the ongoing governance efforts of those involved with the plan meant to ensure its compliance and effective operation.

Atlas Technologies: We have an investment committee that meets regularly with us and our investment adviser to ensure that we are making the best decisions for our team members and their future.

This year, for our Plan Sponsor of the Year profiles, we are publishing Q&As based on the finalists’ applications and nominator comments. Responses are edited and may be paraphrased. In cases where the finalist self-nominated or, on its application, referred judges to the nomination for the answer, we have attributed those nominator answers to the plan sponsor.