Benefits Home

US 401(k) Plan

Merrill logo

 Retirement Savings

Employees are eligible to enroll in the World Wide Technology 401(k) Plan, administered by Merrill, on the first day of the month following 3 months of service as long as you meet the minimum age requirement of 21. To enroll, you can either go online at https://www.benefits.ml.com or call the Participant Service Center at 800-228-4015 between 8:00am and 7:00pm ET.

Here are some highlights about the plan:

  • You can start contributing to the plan on the first day of the month following 3 months of employment. You may rollover funds from another qualified plan at anytime.
  • You can set aside from 1% to 75% of your salary automatically through regular payroll deduction.
  • You have multiple options for your contributions:
    • Traditional – Deductions from your paycheck are pre-taxed. You pay taxes on your remaining salary, so you'll save on taxes while you are saving for retirement.
    • Roth – You pay regular income tax on your contributions before the money goes into your account. Current taxable income is not reduced.
    • Traditional/Roth Combination – You can contribute part to Traditional and part to Roth.
  • WWT provides a discretionary match, dollar for dollar up to 6% of your compensation contributed to the plan. Employer matching contributions are made each pay period. 
  • Employees are always 100% vested in their Elective Deferral and After-Tax Contributions. There is a five year vesting schedule for the employer matching contributions.
  • Participants will receive quarterly statements that reflect any recent activity on their account.
  • Participants will have access to their account information online at https://www.benefits.ml.com.
  • Contact a Merrill Financial Advisor if you have questions regarding investment choices. Please see the Merrill 401k Contacts attachment under More Information.

Be sure to select a 401k beneficiary by visiting  https://www.benefits.ml.com. 

*This is separate from your beneficiary selected within Vantage.

 

 Contributions 

For employees hired mid year who also made contributions to another retirement fund at a previous employer, we encourage you to view final contribution statements and compare funds contributed through the end of the year at World Wide Technology. The 2025 limits are defined as:

  • Under the age of 50, contribute up to $23,500
  • 50 and above, contribute up to $31,000 (additional $7,500 catch up) OR up to $34,750 (additional $11,250 super catch up for those age 60-63)

If participants become close to contributing the maximum of funds for the year, please provide a final pay statement from your previous employer in a ticket to Ask HR. This will allow proper adjustment of your limits to avoid over contributing.

More Information