401k Plan
Your 401(K) Plan
Samuel offers you the opportunity to save for retirement through the Samuel, Son & Co USA 401(k) plan.
How It Works
As soon as you become eligible, a 401(k) plan account is automatically opened for you at Mercerwise with a 2% employee contribution. Employee can increase or decrease this amount at any time.
Samuel matches100% of employee’s deferrals, up to 5% of salary.
You can contribute your own money through pretax or after-tax payroll deductions.
You can choose to invest your account in a wide range of investment options.
Frequently Asked Questions
Regular full-time employees are eligible the first of the month, after the age of 18 and one month of service.
Your 401(k) plan provides a convenient way to save and invest your own money for retirement.
Build financial wellbeing for your future self, while paying less in income taxes today.
Catching up on 401k Contributions
Mercer Wise – Retirement Planning for Different Life Stages:
https://mmc.qumucloud.com/view/WFQ7rNSP7bgMygJPFusbah
Below is a video for Mercer Wise participants on Target Date Funds:
https://mmc.qumucloud.com/view/NjlkE9vtONmZUJZFqSJIN4
Mercer Wise – Social Security and Retirement Income
https://mmc.qumucloud.com/view/87flcTNjU24HNiZLnkd2U4
Beneficiary designations: go to www.mercerwise.com. Complete your 401(k) beneficiary designation online, go to: My Account> Personal Info > Add Beneficiary.
Contacts:
Mercerwise
Mercerwise.com
833-637-2379