Simple and Convenient
After an Employer registers with MERIT, all employees will receive information about the program and an invitation to open their online MERIT account. Employees can choose how much to deduct from each paycheck for their retirement savings, can choose how their funds will be invested, or can choose to opt out. If an employee does not take any action, an account will be opened for them and 5% of their earnings will be deposited into their MERIT account each pay period. An employee can make changes at any time.
At a Glance
What You Need to Know
MERIT offers several investment choices. You can choose a combination of different investments and you can change your investment choices.
If you start a job with a new employer that offers MERIT, you can continue to invest for your retirement in the same account, or you can roll the assets out of MERIT into another ROTH IRA. You can leave your assets in MERIT and make contributions into your account from your bank account.