A bold new path to saving for your future starts now

[Pages:8]A bold new path to saving for your future starts now

On August 2, 2021, your Rivian Automotive LLC 401(k) Plan is moving to Empower Retirement.

Your future in the making

Welcome to Empower Retirement. Your journey is about to begin.

THE TRANSITION HAPPENS A U T O M AT I C A L LY To make the transition as smooth as possible, your elections, contributions, investments, beneficiary designations and any loan or distribution arrangements will transfer automatically. Other than making any changes you want before the transition period, you do not need to do anything during the transition.

This guidebook is intended to help you understand what to expect during the transition and which features you can expect to see, including:

? A personalized estimate of the amount of income you're on track to replace in retirement. ? Take advantage of investment advice available through Empower Retirement Advisory Services.* There is

no guarantee provided by any party that participation in any of the advisory services will result in a profit. ? My Financial Path: Your plan offers a place to help you make sense of your finances. ? The Empower Retirement app to view your account wherever you go.

*Online Advice and My Total RetirementTM are part of the Empower Retirement Advisory Services suite of services offered by Advised Assets Group, LLC, a registered investment adviser.

Important dates

July 19, 2021 Deadline to return paperwork to Vanguard This is the last day to return loan* or withdrawal paperwork to Vanguard (including principal resident loans and hardship withdrawals), process loan payoff checks (outside of payroll) and process periodic payments.

*Outstanding loans with Vanguard will automatically transfer to Empower. Loan repayments will continue uninterrupted.

July 26, 2021, prior to 1 p.m. Pacific time | 3 p.m. Central time | 4 p.m. Eastern time Last day to make changes with Vanguard This is the last day to change your deferral percentage or investment allocation on the Vanguard site. Once your plan is live with Empower the week of August 15, 2021, you will regain full access to your account.

July 26, 2021, at 1 p.m. Pacific time | 3 p.m. Central time | 4 p.m. Eastern time Transition period begins You will have limited access to your account. This "blackout period" will give us time to transfer your plan's administrative records to Empower Retirement (see the Important notice section of this document for details).

Payroll deductions and any matching contributions will continue during the blackout period and will be reflected in your account when the blackout is complete.

Week of August 15, 2021 Transition period is expected to end Once the blackout period has ended, you will have full access to your account online and by phone.

WE'VE GOT YOUR BACK As you continue to plan for a successful future, we're here to help. Let us know if you have any questions about your plan, or if you need to make updates to your account.

Check in at or 844-465-4455.

Get more information about the transition online at .

?Preguntas? Si necesita ayuda sobre el contenido de este bolet?n o tiene preguntas, por favor llame a Empower.

How your account will transfer

The table below shows you how your account will transfer to Empower Retirement.

If you'd like your account to transfer differently, simply change the elections for your current balance and your future contributions, if you're an active participant, by contacting Vanguard by July 26, 2021. You can also make changes with Empower after the transfer is complete.

BALANCES IN THESE FUNDS:

TICKER

WILL AUTOMATICALLY TRANSFER TO:

TICKER

Vanguard Federal Money Market Investor

VMFXX

Putnam Stable Value Fund

N/A

Vanguard Total Bond Market Index Adm

VBTLX

Vanguard Total Bond Market Index Adm

VBTLX

Vanguard Shrt-Term Infl-Prot Sec Idx Adm

VTAPX

Vanguard Total Bond Market Index Adm

VBTLX

Vanguard Value Index Adm

VVIAX

Columbia Dividend Income Inst3

CDDYX

Vanguard 500 Index Admiral

VFIAX

Vanguard 500 Index Admiral

VFIAX

Vanguard Growth Index Admiral

VIGAX

T. Rowe Price Lrg Cp Gr I

TRLGX

Vanguard Mid Cap Index Admiral

VIMAX

Vanguard Extended Market Index Admiral

VEXAX

Vanguard Small Cap Value Index Admiral

VSIAX

Transamerica Small/Mid Cap Value R6

TASMX

Vanguard Small Cap Index Adm

VSMAX

Vanguard Extended Market Index Admiral

VEXAX

Vanguard Small Cap Growth Index Admiral

VSGAX

Wells Fargo Discovery R6

WFDRX

Vanguard Total Intl Stock Index Admiral

VTIAX

Vanguard Total Intl Stock Index Admiral

VTIAX

Vanguard Emerging Mkts Stock Idx Adm

VEMAX

Templeton Developing Markets R6

FDEVX

Vanguard Instl Trgt Retire Inc Instl

VITRX

BlackRock LifePath Index Retire K

LIRKX

Vanguard Instl Trgt Retire 2015 Instl

VITVX

BlackRock LifePath Index Retire K

LIRKX

Vanguard Instl Trgt Retire 2020 Instl

VITWX

BlackRock LifePath Index Retire K

LIRKX

Vanguard Instl Trgt Retire 2025 Instl

VRIVX

BlackRock LifePath Index 2025 K

LIBKX

Vanguard Instl Trgt Retire 2030 Instl

VTTWX

BlackRock LifePath Index 2030 K

LINKX

Vanguard Instl Trgt Retire 2035 Instl

VITFX

BlackRock LifePath Index 2035 K

LIJKX

Vanguard Instl Trgt Retire 2040 Instl

VIRSX

BlackRock LifePath Index 2040 K

LIKKX

Vanguard Instl Trgt Retire 2045 Instl

VITLX

BlackRock LifePath Index 2045 K

LIHKX

Vanguard Instl Trgt Retire 2050 Instl

VTRLX

BlackRock LifePath Index 2050 K

LIPKX

Vanguard Instl Trgt Retire 2055 Instl

VIVLX

BlackRock LifePath Index 2055 K

LIVKX

Vanguard Instl Trgt Retire 2060 Instl

VILVX

BlackRock LifePath Index 2060 K

LIZKX

Vanguard Instl Trgt Retire 2065 Instl

VSXFX

BlackRock LifePath Index 2065 K

LIWKX

Vanguard Real Estate Index Admiral

VGSLX

Age-Appropriate Target Date Fund *,**

N/A

Vanguard Balanced Index Adm

VBIAX

Age-Appropriate Target Date Fund *,**

N/A

Investing involves risk, including possible loss of principal. Funds that are not mutual funds do not have ticker symbols because they are exempt from SEC registration.

*Review the enclosed Qualified Default Investment Alternative notice to see which BlackRock LifePath Index fund applies to you. **The Dreyfus Government Cash Management Fund Institutional Shares fund (DGCXX) will be set up as a temporary holding account for the initial transfer of assets as described above. It will not be an investment option available for participant direction after the transition is complete. Once reconciliation is complete, all participant accounts and future contribution investment allocations in these funds will be invested in the age-appropriate BlackRock LifePath Index fund, unless you have made another investment election. Any interest accumulated in the Dreyfus Government Cash Management fund during the holding period will be allocated to the Putnam Stable Value Fund and requires your direction to be allocated to another fund of your choice.

New funds available to you

Beginning the week of August 15, 2021, Rivian is also adding new funds to give you more options to diversify your account. More information about all of your investment options will be available after the move at .

FUND American Funds Bond Fund of Amer R6 MFS Research International R6 BlackRock Advantage ESG US Eq Cl K Goldman Sachs International Eq ESG R6

TICKER RBFGX MRSKX BIRKX GSIWX

New features you can take advantage of

Get answers to your financial questions

Your plan is partnering with Empower Retirement to offer you a better approach to financial wellness. My Financial Path can help you take control of your finances and strike a balance between living for today and planning for tomorrow.

My Financial Path can also help you make better sense of your money. Whether you're new to the workforce, in the middle of your career or getting close to retirement, My Financial Path provides personalized, actionable steps you can take to reduce financial stress and get closer to achieving your goals.

A more personalized approach to investing

You're unique, and your investing strategy should be, too. My Total RetirementTM is a strategy created just for you by our experienced investment professionals who get to know your unique situation, consider your goals and monitor your investments to help you reach the future you imagine.

? PERSONALIZED: We develop an investment strategy tailored to your needs and goals.

? SIMPLIFIED: You don't have to be an investment professional. We can do the work for you to help you feel confident that you're staying on track.

? COMPREHENSIVE: We'll look at your full financial picture to help ensure you have a plan that addresses your saving, investing and retirement income needs.

? ONE-ON-ONE: You have ongoing access to investment adviser representatives.

If you prefer to manage your own investments but would like some assistance, Online Advice generates personalized saving and investing suggestions at no extra cost.

There is no guarantee provided by any party that participation in any of the advisory services will result in a profit.

Your account statements

You will receive a final statement from Vanguard reflecting the closing of your account. You will receive your first statement in October 2021 from Empower which will show you the amount transferred into your new account.

Confirm your beneficiary

Once the transition is complete, be sure to verify or update your beneficiary elections.

Update your contact info

Update your contact information to stay up to date and receive account alerts.

Not employed at Rivian?

If you're retired or separated from service, you may have additional options related to this account transition. For more information, contact your plan provider.

Important notice concerning your rights in the Rivian Automotive LLC 401(k) Plan

June 26, 2021 This notice is to inform you that your account in the Rivian Automotive LLC 401(k) Plan will transfer to Empower Retirement effective August 2, 2021. As a result of this change, you temporarily will be unable to check your account balance and transfer or diversify your investments (including investments held within a self-directed brokerage account) in your Rivian Automotive LLC 401(k) Plan account or obtain a loan, withdrawal or distribution. During this time, you will have limited or no access to your account. This period during which you will be unable to exercise these rights otherwise available under the plan is called a blackout period. Whether or not you are planning retirement in the near future, we encourage you to carefully consider how this blackout period may affect your retirement planning as well as your overall financial plan. The temporary blackout period begins at 1 p.m. Pacific time (3 p.m. Central time | 4 p.m. Eastern time) on July 26, 2021, and ends during the week of August 15, 2021. During the blackout period, your investments will continue to gain and/or lose value depending on market conditions. Before the blackout period begins, it is very important that you review and consider the appropriateness of your current investments because you will be unable to transfer or diversify those investments during the blackout period. For your long-term retirement security, you should give careful consideration to the importance of a well-balanced and diversified investment portfolio, taking into account all your assets, income and investments. You should be aware that there is a risk to holding substantial portions of your assets in the securities of any one company as individual securities tend to have wider price swings, both up and down, in short periods of time, than investments in diversified funds. Stocks that have wide price swings might have a large loss during the blackout period, and you would not be able to direct the sale of such stocks from your account during the blackout period. To review your plan account before the blackout period begins, contact Vanguard at 866-794-2145 or access your account online at by July 26, 2021. If you have questions concerning this notice, please contact Empower at 844-465-4455. Once the blackout period ends, you will have full access to your plan account. If you would like to confirm the status of the blackout period, contact Empower at 844-465-4455 or .

These dates and times are subject to change. Please contact Empower for more information. Diversification does not ensure a profit or protect against loss.

Carefully consider the investment option's objectives, risks, fees and expenses. Contact Empower Retirement for a prospectus, summary prospectus for SEC-registered products or disclosure document for unregistered products, if available, containing this information. Read each carefully before investing.

You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect the sponsor to provide financial support to the fund at any time.

Securities offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment advisers, Advised Assets Group, LLC and Personal Capital. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.

Fund changes may alter the risk exposure of an investment account. Some cash-alternative options (other than money market funds), such as guaranteed interest funds or stable value funds, may have withdrawal and transfer restrictions. Carefully consider the importance of a well-balanced and diversified investment portfolio, taking into account all your assets, income and investments. Adjustments may be needed to realign the account with its desired investment strategy. Once the transition is complete, please review the information for each fund on the plan website.

My Financial Path includes products made available by Empower Retirement, LLC and third-party providers outside the benefits provided under your retirement account. Inclusion of a product in My Financial Path is not an endorsement or recommendation of the product by your retirement account sponsor or providers.

Empower Retirement, LLC and its affiliates are not affiliated with Vanguard.

?2021 Empower Retirement, LLC. All rights reserved. 194695-01-FBK-WF-1059400-0621 RO1682863-0621

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