401(k) Retirement Program

Eligibility

To participate in the 401(k) plan, you must:

• Be at least 21 years old,
• Complete one year of service, and,
• Have worked at least 1000 hours of service.

Your entry date will be the first day of the payroll period following the date you satisfy the eligibility requirements. 

Automatic Enrollment:
Your 401(k) Plan managed by Mercer Wise is set up with an automatic enrollment feature. If you do nothing, the automatic enrollment period is 30 days. You will receive an email or mailing 30 days prior to your auto-enrollment date. This notice will inform you when the automatic 3% before-tax contributions will begin from your paychecks and give you the option to elect to withhold a different percentage or opt out if you choose.

Matching Contributions:
After completing 1 year and 1000 hours of service, the company will match 50% of elective deferrals that do not exceed 6% of your compensation. Ensure your contribution rate is 6% or more to receive the full match. You need to remain with the company for a minimum of 3 years to be fully vested and retain 100% of your employer matching contributions.

Helpful Tips:

• Review the benefits and details of your 401(k) plan.
• Stay on track and maximize the benefits of your retirement plan
• Designate an account beneficiary. Complete this step online or call a Mercer Wise representative for assistance.
• Elect automatic account features like Automatic Increase to help make savings and portfolio management easier.
• Consider consolidating your retirement accounts into your Zara USA & Related Companies 401(k) Plan account.

Questions and Support:
If you have any questions about your Zara USA & Related Companies 401(k) Plan, please visit mercerwise.com or feel free to call a Mercer Wise representative at 833-637-2379 (833-MER-CERW) (Weekdays 8 am to 10 pm ET and Saturdays 9 am to 5:30 pm ET).

Please be sure to visit the document library for additional information on this benefit.