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Business Continuity Plan

Last Reviewed: September 16, 2025

Plan Summary

State Savings has developed a Business Continuity Plan (BCP) designed to address significant business disruptions of varying scope and duration. This summary provides an overview of our plan.

Plan Objectives

Our BCP is designed to:

  • Protect the safety of our employees
  • Secure our physical and electronic assets
  • Minimize service disruptions to clients
  • Enable timely recovery of critical operations
  • Comply with regulatory requirements

Key Plan Components

1. Data Backup and Recovery

We maintain:

  • Daily encrypted backups of all critical data
  • Off-site storage at geographically diverse locations
  • Tested recovery procedures with documented RTO (Recovery Time Objectives)

2. Alternate Work Locations

In the event our primary office becomes inaccessible:

  • Employees can work remotely using secure VPN connections
  • We have identified alternate physical locations for critical staff
  • Key systems are cloud-based and accessible from any location

3. Financial and Operational Assessments

Our plan includes procedures for:

  • Daily monitoring of cash positions
  • Alternative banking arrangements
  • Emergency payroll processing

Disruption Scenarios

Our plan addresses various disruption scenarios:

Scenario Response Plan
Office Building Unavailable Activate remote work protocols and alternate site
Technology Failure Switch to backup systems and initiate recovery
Regional Disaster Coordinate with other offices and service providers
Pandemic Implement social distancing and remote work policies

Client Communication

In the event of a significant disruption, we will communicate with clients through:

  • Our website announcements
  • Email notifications
  • Recorded phone messages
  • Social media updates (if appropriate)

Plan Testing and Updates

We test our BCP annually and update it as needed based on:

  • Test results
  • Changes in business operations
  • Regulatory requirements
  • Lessons learned from actual events

Contact Information

For questions about our Business Continuity Plan, please contact:

State Savings
Attn: Business Continuity Manager
123 Financial District, Suite 500 New York, NY 10005
Phone: +48883146034
Email: customercare@mystatesavings.com

Providing trusted financial solutions since 2015. Our mission is to help clients achieve their financial goals through disciplined investment strategies and personalized service.

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© 2025 State Savings. All Rights Reserved. | SEC Registered Investment Advisor | FINRA Member | SIPC Protected Accounts

State Savings is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. Past performance is not indicative of future results. Investing involves risk including the potential loss of principal.