Healthcare Provider Update: Offers medical, dental, vision, life insurance, and HSAs/FSAs, with up to 95% employer coverage depending on the plan3. As ACA subsidies phase out, Mercurys generous employer contributions and comprehensive benefits may shield employees from the financial impact of rising premiums. Click here to learn more
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What type of retirement savings plan does Mercury General offer to its employees?
Mercury General offers a 401(k) retirement savings plan to its employees.
Is the 401(k) plan at Mercury General available to all employees?
Yes, the 401(k) plan at Mercury General is available to all eligible employees.
What is the employer match policy for the 401(k) plan at Mercury General?
Mercury General provides a matching contribution to the 401(k) plan, typically matching a percentage of employee contributions, up to a certain limit.
How can employees at Mercury General enroll in the 401(k) plan?
Employees at Mercury General can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What are the contribution limits for the 401(k) plan at Mercury General?
The contribution limits for the 401(k) plan at Mercury General follow the IRS guidelines, which are updated annually.
Does Mercury General offer a Roth 401(k) option?
Yes, Mercury General offers a Roth 401(k) option, allowing employees to contribute after-tax dollars.
Can employees at Mercury General take loans against their 401(k) savings?
Yes, Mercury General allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
What investment options are available in the Mercury General 401(k) plan?
The Mercury General 401(k) plan includes a variety of investment options, such as mutual funds, stocks, and bonds.
How often can employees at Mercury General change their 401(k) contribution amounts?
Employees at Mercury General can change their 401(k) contribution amounts at any time, subject to plan rules.
What happens to my 401(k) balance if I leave Mercury General?
If you leave Mercury General, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the plan if eligible.