SmartConnect
iHerb 401(k) Plan

SmartConnect

As you approach retirement, making informed decisions about your benefits, especially selecting the right Medicare plans—is essential. SmartConnect provides personalized guidance to help you research, compare, and choose the plans that best suit your needs. Simply determine your savings goals, and SmartConnect will handle the rest, making the process seamless and stress-free.

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 months of service, if no action is taken, you will automatically be enrolled in the 401(k) plan at a contribution rate of 4% of your pay for the first year, up to the annual IRS maximum. If you’re 50 or older by the end of the taxable year and have already reached the annual IRS limit, you may be eligible to make additional catch-up contributions, up to the IRS Catch-Up Contribution Limit.

To learn more about IRS limits, visit www.irs.gov. Personal contributions are made through convenient payroll deductions, allowing you to steadily grow your retirement savings. Take time to review your retirement goals to ensure your contribution aligns with 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