YOUR 401(K) PLAN

Your new 401(k) plan provides a convenient way to save for retirement and comes with some important advantages, including:

  • Convenient pre-tax or Roth deferrals through payroll deduction;
  • A refreshed investment lineup with competitive investment expenses;
  • Lower participant fees; and
  • Automated plan services.
You can invest your 401(k) funds in a wide range of options – ranging from active and passively managed options, to low-cost index options, to target-date funds, to risk-based options. Want safety? There is even a stable value option with a stated guaranteed rate for the most risk-averse participants.

Want Access?
Beginning around the week of December 11th, you can register and access your account on the new website: mercerwise.com, or by phone 833-637-2379 (MER-CWRW). You will still be able to use the same Empower planning tools and the Empower Retirement app – the app is available to download to your Apple® or Android™ device for on-the-go access to your retirement account.


Samuel’s 401(k) Plan at a Glance
When you contribute 5% of your base compensation, Samuel will match your contributions, for a total contribution of 10%. Here’s an at-a-glance summary of the plan:

Employee deferral options
  • You can contribute 1% to 80% of your salary
  • Offers both pre-tax and Roth options
  • Allows for catch-up contributions
Samuel match
  • 100% of employee deferrals up to 5% of salary
Eligibility
  • First of the month following age 18 and 1 month of service
Auto-Enrollment
  • If you take no action upon eligibility, after 30 days you will be auto-enrolled at 2%
Deferral Changes
  • Deferral changes can be made any time directly with Empower on the phone or web
Vesting
  • 100% immediate vesting of Samuel’s matching contributions
Account access
  • Loans, hardship withdrawals and age 59 ½ in-service withdrawals available
Rollovers
  • Allowed at any time from other pre-tax retirement accounts, including IRAs, 401(k) plans and 403(b) plans

Note: Each year, the IRS sets a limit on the total amount of salary that can be deferred into a 401(k). Please refer to your plan resources to find the maximum allowable deferral amount for the current year.


READY TO JOIN?
Starting the week of December 11th, please visit mercerwise.com, select Register, choose the I do not have a Pin tab and follow the prompts to create your username and password.