Participant FAQ

How can I change my deferral elections (contribution rate)?

Updated on

1.     From your dashboard, select Change Contribution Rate.

2.     On the Contribution Rate page, your current deferral rate(s) will be listed.

       To change the amount that comes out of your paycheck, select Edit Pre-Tax and/or Edit Roth.

Your screen may vary due to different contribution types offered in plans. Only those contribution types available in your plan will show up on your screen.

3.      On each page, select Change Contributions, select Percent or Dollar, and enter the new amount that you wish to defer per pay period.

        Click Next.

       Once you edit as needed, click on Next at the bottom. This will bring you to a screen where you can edit other contributions, if there are any.

       Edit this as you see fit and click Next.

4.      Review your Contribution Rate Change. If you wish to make another adjustment to pre-tax and/or Roth, select the Modify button(s).

        Once finished, click Submit to confirm your change.

       Once you click Submit you will reach the confirmation page that states 100% Complete and provides you with a confirmation number.

Note: Requests are immediately processed into the database; however, these changes may not take effect immediately. Some requests may still need to be approved before they will take effect. If approved, requests will take effect during election periods established by the Plan Administrator. Refer to your Summary Plan Description for additional information.

Previous Article How can I opt out?
Next Article How long does it take for a contribution to show up on my account?