Why it matters
$1.7M
Projected savings starting at 25 with max contributions
3%
Meridian matches up to 3% of your salary — free money
$23K
IRS contribution limit in 2024 — plus $7.5K if you're 50+
How it works
1
You contribute
A % of each paycheck goes in pre-tax
2
Meridian matches
We add up to 3% on top — automatically
3
It grows
Invested in funds you choose, tax-deferred
4
You retire
Withdraw at 59½ — taxed as income
🎯 Don't leave free money on the table
You contribute 1%Meridian adds 1%
You contribute 2%Meridian adds 2%
You contribute 3%+Meridian adds full 3% ✓
Contributing at least 3% ensures you receive the full employer match. Anything less means unclaimed compensation.
Choose your account type
Traditional 401(k)
Pay taxes later
Contributions reduce your taxable income today. You pay taxes when you withdraw in retirement. Best if you expect a lower tax rate in retirement.
Roth 401(k)
Pay taxes now
Contributions are after-tax. Withdrawals in retirement are completely tax-free. Best if you expect a higher tax rate in retirement.
💡
Not sure where to start?
Enroll at any time through the Meridian Benefits Portal. Our target-date funds automatically adjust your investment mix as you approach retirement — no financial expertise required. Questions? Contact HR at
[email protected]