myMERS: Fast, Free, and Secure Account Management
The myMERS mobile app is a convenient tool for MERS plan participants to access their account information quickly, securely, and free of charge. With just their existing online username and password, users can log in to the app and gain instant access to a range of features.
Participants can stay informed about their accounts through real-time alerts, check their balances, and view investment performance graphs. They can also review their contributions, ensuring that they are on track with their savings goals.
The app offers a comprehensive view of investment information, allowing users to monitor loan data (if applicable) and see their personal rates of return. Account statements can also be easily downloaded for further analysis and record-keeping.
For a more detailed look at their account activity, participants can access information about specific transactions. They can also check their investment allocation and review contribution totals, providing them with a clear picture of their financial standing.
When changes are necessary, the app provides a secure platform to perform transfers, make allocation adjustments, and review or update contact and beneficiary details. This ensures that participants have full control over their accounts and can make necessary changes with ease.
It is important to note that investment products offered through myMERS are not FDIC insured, do not come with a bank guarantee, and may potentially lose value. Participants should carefully consider their investment choices and seek professional advice if needed.
Overall, myMERS is a user-friendly mobile app that empowers MERS plan participants to manage their accounts conveniently and securely. With its range of features and easy access to crucial account information, it is a valuable tool for individuals looking to stay on top of their retirement savings.
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