If you're enrolled in an integrated 401(k) plan with Guideline, Betterment, Human Interest, or Vestwell, you can view your plan's high-level details right from Gusto.
To make changes or view your balances in more detail, and more, sign in to your provider's website.
A 401(k) is an employer-sponsored retirement plan that lets eligible employees save and invest part of their paycheck. Contributions are deducted from an employee's gross pay and put into a 401(k) account.
The maximum contribution an employee can make in elective deferrals is determined by their age:
A Roth 401(k) is an employer-sponsored retirement plan where eligible employees make after-tax contributions from their paycheck. This means contributions are made with money that has already been taxed —federal and state income taxes are applied to your gross pay before the Roth 401(k) deduction is considered. If the deduction is based on a percentage, it's typically calculated on your gross pay, and that amount is then deducted from your net pay.
A key benefit of a Roth 401(k) is that qualified withdrawals in retirement are tax-free.
In some plans, the employer may also contribute by matching up to a certain percentage of the employee's contribution. It's important to note that employer matching contributions are always made on a pre-tax basis, even if your personal contributions are Roth.
The employee elective deferral limits for a Roth 401(k) are the same as for a traditional 401(k), determined by age:
Custodian: The financial institution holding the 401(k) funds.
Plan participant: An employee enrolled in the 401(k) plan.
Plan sponsor: The employer (company) that establishes and maintains the 401(k) plan. While there may be a designated administrator, the employer is the plan sponsor with ultimate responsibility.
Enroll in your company's 401(k)
Once you're eligible to participate in your company's 401(k), your 401(k) provider will notify you when you can opt in or out. Your company may have a waiting period that you must meet before you can participate—ask your company admin if you have questions.
View your 401(k) plan details
If you're enrolled in an integrated 401(k) plan with Guideline, Betterment, Human Interest, or Vestwell, you can view your plan's high-level details right from Gusto. To make changes or view your balances in more detail, sign in to your provider's website.
If you don't see a 401(k) in your Benefits tab, you may not be eligible to enroll yet. If you no longer see 401(k) deductions on your paystubs, you may have already met the annual IRS maximum contribution. Sign in to your 401(k) provider's website to make changes or to view more details.
For more info about your plan, contact your company's 401(k) administrator.
Change your 401(k) contribution
Any changes must be made directly on your 401(k) provider's website—check out the steps to change your contribution in Guideline, Betterment, or Vestwell, or contact your provider for more info.
If your 401(k) is not listed in Gusto or on your paystub, start here. This may be because:
For more help, sign in to your online account on your provider's website or call your 401(k) provider directly.