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SmartConnect
iHerb 401(k) Plan

SmartConnect

When you are nearing retirement age, you have decisions to make about your benefits, especially when it comes to choosing the right Medicare plans. With SmartConnect, you will receive the guidance you need to research, compare, and purchase Medicare insurance plans. All you have to do is decide how much you’d like to save, and SmartConnect will do the rest. 

What Is SmartConnect?

SmartConnect is an exclusive program created specifically for team members nearing retirement (and family members) who are Medicare-eligible and may not have fully explored the benefits of Medicare coverage.

How Does SmartConnect Help?

SmartConnect helps you:

  • Connect with an experienced advisor who will guide you to make the best decision for you.
  • Understand your Medicare options
  • Choose plans from national insurance carriers
  • Create a tailored solution that meets your needs

For more information or to get started call 877-374-2705 or visit gps.smartmatch.com/mercer.

iHerb 401(k) Plan

Contributing to a 401(k) is one of the best ways to prepare yourself for a great retirement and a secure future. 

Eligibility

As a new hire, the eligibility for the 401(k) plan is first of the month following two (2) months of service. You will receive communication directly from Fidelity about a month prior to your eligibility date.

Employee Contributions

Following two (2) months of service, if you take no action to the 401(k) plan, you will be enrolled in the automatic program of 4% of our pay for the first year up to the annual IRS maximum. If you’re age 50 or older by the end of the taxable year and have reached the annual IRS limit for the year, you may make additional deferral contributions to the Plan up to the IRS Catch-Up Contribution Limit. For more information on the annual IRS limit, visit, www.irs.gov. Personal contributions are added to your account through convenient payroll deductions. You should review your retirement goals to ensure your contribution matches your target retirement income.

Company Contributions

To support you in your retirement goals, iHerb matches your contribution, dollar for dollar, up to the first 6% of your eligible compensation. You are immediately vested in the Company’s contributions. Vesting in immediate.

Helpful Tips on Saving for Retirement

  • Start saving as soon as possible to grow your retirement account.
  • Begin with small contributions, if necessary, and increase contributions over time.
  • Make setting aside money for retirement a habit.
  • Understand investment returns may fluctuate.
  • Let it sit. Avoid penalties by leaving funds in your 401(k) until retirement.
  • If you change jobs, you can roll over your retirement account.
For more information or to access your account, visit Fidelity or call 800-835-5097.
 

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YOUR RIGHTS

This website highlights some of your benefit plans. Your actual rights and benefits are governed by the official plan documents. If any discrepancy exists between this communication and the official plan documents, the plan documents will prevail. The company reserves the right to change any benefit plan without notice. Benefits are not a guarantee of employment.

Need Additional Help?

For benefit questions & claims assistance, contact TouchCare at 866-486-8242 or assist@touchcare.com.

For HR related questions, contact the  HR Service Desk.

 

 

ACCESSIBILITY