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?
You can register and access your account on mercerwise.com, or by phone 833-637-2379 (MER-CERW). You will still 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, 59 ½ in service withdrawals, Qualified Birth or Adoption distributions, and distributions for domestic abuse.
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.