Retirement

About us

Check Point's Retirement Savings

We're proud to partner with Empower for our 401(k) retirement savings program. With their expertise, you can confidently grow your savings while focusing on what we do best: smart traffic monitoring and management. Together, we’re not just enhancing mobility today, but also paving the way for a brighter, financially secure tomorrow for all our team members.

Eligibility for participation in the 401(k) retirement savings program

All employees, age 18 an older, are eligible to participate in the 401(k) plan, except,
  • Employees who are residents of Puerto Rico
  • Employees covered by a collective bargaining aggreement
  • Non-resident aliens with no U.S. earned income
  • Leased employees
  • Interns and temporary employees unless such employees work 1,000 hours in an eligibility computation period


When can you begin making contributions to the plan?

You become eligible to participate in the 401(k) plan the first of the month following 30-days full time employment. The date your actual contributions to the plan depends on when you make your contributions and the payroll cutoff date, but generally begins as soon as administratively possible.


Automatic Enrollment

Our plan is an an auto-enrollment program. This means, if you make no elections, a contribution of 5% will begin to occur automatically from your payroll. If you wish to not contribute to your 401(k), an action of non- or dis-enrollment must be made by logging into Empower and making that election.


Roth Contributions

The IRS limits your annual Roth contributions to $23,000 in 2024. However, if you are 50+ years in age, you may make an additional contribution of up to $7,500 in 2024.


Matching Contribution

Good news! Check Point matches your 401(k) contribution, dollar-for-dollar, for the first 3% you contribute, and an additional match of 50% of your remainder contributions you make, until you've contributed 5%. You are immediately vested in all contributions matched by Check Point.


How To Enroll

Empower will mail a packet of enrollment information to the home address you have provided. Follow the packet's instructions on how to elect, select investments, and roll-over balances from other 401(k) plans into your Check Point account.