401(k) Retirement Savings Plan

Planning for retirement starts today—and PTMA makes it easy to save for your future while you work toward your goals. Through the PTMA 401(k) Plan, you can build long-term financial security with convenient payroll deductions, flexible investment choices, and valuable employer contributions.

Company Match

PTMA helps you grow your retirement savings faster with a dollar-for-dollar match on your contributions, up to 4% of your eligible pay. That’s free money added to your account—just for participating. To make the most of this benefit, consider contributing at least 4% so you can receive the full match.

Eligibility

All employees age 18 or older are eligible to enroll immediately upon hire.

Why Participate?

  • Tax advantages: Your contributions are made before taxes, lowering your taxable income today while your savings grow tax-deferred until retirement.
  • Flexible investments: Choose from a range of professionally managed investment options available through mercerwise.com.
  • You’re always vested: Both your contributions and PTMA’s match belong to you immediately—100% vested from day one.
  • Optional advisory services: Empower Advisory Services can help you manage your account or create a personalized investment strategy.
  • Possible profit-sharing: The plan includes a profit-sharing provision, allowing discretionary contributions to be made and determined annually.

Additional Plan Features

  • Loans available: Borrow up to 50% of your vested balance (maximum $50,000) if needed for major expenses.
  • Rollovers accepted: You can roll in eligible balances from another qualified retirement plan or IRA.
  • Withdrawals: Available for qualifying events such as retirement, disability, financial hardship, or age 59½.
PLAN Summary

Mercer Wise 401(k)

The Mercer Wise 401(k) is a holistic retirement savings solution that provides participants with quality plan features and high-quality investment options. They are able to utilize their global scale to lower participants’ costs, while continuing to seek top-rated institutional investment solutions developed by Mercer’s global research team.

Mercer has selected Empower Retirement as the recordkeeper for Mercer Wise. Empower is the second-largest retirement services company in the country. Empower is committed to helping you live for today while saving for tomorrow.