
Enroll in the plan
Get started by visiting Fidelity to view plan details and access forms and documents.
Taking steps to ensure your current and future financial security is an important part of your overall well-being. The Mercury 401(k) Plan helps you prepare for retirement by offering an easy, tax-advantaged way to save for your future financial needs.
You are eligible to participate on the 1st day of the month following 60 days of hire. If you don’t take any enrollment action — either enrolling yourself or opting out — within [60 days] of becoming eligible, you will be automatically enrolled, and 6% of your eligible pre-tax pay will be invested in the SSgA Target Retirement Non-Lending Series Fund Class D. You may change your contribution rate and investment elections at any time by visiting Fidelity or calling 800-835-5095.
Get started by visiting Fidelity to view plan details and access forms and documents.
Log in to your Fidelity account to see your balance and use planning tools and calculators.
Easily change your contribution rate, investment selections, or beneficiary on Fidelity.
You may contribute between 1% and 50% of your eligible pay to your plan account, up to annual IRS limits. In 2024, the IRS limits allow you to contribute up to:
Your contributions are made on a pre-tax basis, which lowers your current taxable income and tax bill.
These limits include your pre-tax contributions, Roth post-tax contributions, or a combination of both.
The Mercury 401(k) Plan gives you the flexibility to save for retirement in a variety of ways. You can make pre-tax contributions, Roth post-tax contributions, or a combination of the two.
The money goes into your account before taxes are deducted, so you keep more of your take-home pay. Then, you’ll owe taxes on both your contributions and any investment earnings when you withdraw your money in retirement (when you may be in a lower income tax bracket).
The money goes into your account after taxes are withheld. Then, both your contributions and any associated earnings can be withdrawn tax-free in retirement.*
*In order for Roth earnings to be withdrawn tax-free, you must meet these two requirements:
It’s not too late to make up for lost time. If you’ll be 50 or older this year, take advantage of the opportunity to contribute up to an additional $7,500 in catch-up contributions.
To help you reach your retirement planning goals, Mercury will also contribute to your account!
Mercury matches 100% of your pre-tax and Roth post-tax contributions to the plan up to 1% of your eligible pay and 50% of additional contributions up to 6% of your eligible pay, to support your retirement saving efforts.
Here’s how the company match works:
Try to contribute at least 6% to take full advantage of the match — otherwise, you’re leaving free money on the table. Log in to your Fidelity account to increase your contribution rate.
Vesting is another way of saying “how much of the money is yours to keep if you leave the company.”
You are always 100% vested in your own contributions, including any investment gains and losses on the money. You become vested in company contributions over time, based on the following schedule:
Your years of service | Your vested percentage |
---|---|
Less than 1 | 0% |
1 but less than 2 | 0% |
2+ | 100% |
It’s important to designate a beneficiary to receive the value of your Mercury 401(k) Plan account in the event you die before beginning to receive your benefit. As personal circumstances change, be sure to keep that information up to date. Visit Fidelity to add or change a beneficiary.
The money in your account is intended as a long-term investment to help you prepare for your financial needs in retirement. However, under certain circumstances, you may be able to access money from your account before reaching retirement age. For more information, visit Fidelity or call 800-835-5095.
If you’re considering taking a withdrawal or loan from your plan account, be sure to think about the impact it may have on your financial future.