Set up your Gusto 401(k) account

To set up your account, click the unique enrollment link in your email.

Cannot find your enrollment link?

Your company's internal 401(k) administrator can send you a new invitation. Share this article with your employer if they are not sure how to resend the invite.

Not eligible yet?

If you did not receive an enrollment invite, you may not yet meet your employer's plan requirements. This typically happens if you do not meet the age requirement or have not been with the company long enough. Eligibility requirements vary by company. We'll email you when your eligibility date gets close. For specific questions about your company's plan eligibility, contact your employer.

After you click your enrollment link, you'll complete an onboarding flow to set up your 401(k) account information and preferences. You can complete this process on a desktop or use the mobile app. To use the mobile app, download it from your app store before getting started.

Step 1: Add your personal information

Enter your personal information, like your date of birth, phone number, and address. We use these details to send you important information about your account.

Step 2: Terms and agreements

401(k) plan highlights

You'll see an overview of your employer's 401(k) plan, including:

• When your first contributions will begin

• The default contribution rate if you do not manually select an alternative

• Your employer matching or non-elective amounts (if applicable)

Terms and disclosures

Review and acknowledge important plan documents and disclosures, including your Summary Plan Description, Terms of Service, Privacy Policy, Form ADV 2A Brochure, and Annual Disclosure.

Read through these documents by clicking View next to each one to understand important details about your plan. Then, select I accept to agree to the Terms of Service and Privacy Policy and move forward.

Step 3: Set contribution

Outside employee contributions

Before you set up your 401(k) contributions, we'll ask you to report any contributions you've made to other qualified retirement plans this year. This is important because the Internal Revenue Service (IRS) sets annual contribution limits that apply across all your qualified retirement accounts. When you provide this information, we can better track your contributions and help you avoid over-contributing.

If you made outside contributions, you'll enter the amounts and details and see how much you can still contribute for the year.

Your contribution

Set up how much you'd like to contribute to your 401(k) plan from each paycheck. Add the rate or amount to be applied to pre-tax (traditional), Roth, or both. Learn about the differences between pre-tax and Roth contributions.

As you enter your desired contribution amounts, we'll calculate your projected contributions for the year and let you know if you're meeting the threshold to take advantage of any applicable employer match. You can change your contribution in your dashboard at any time after you enroll.

Step 4: Portfolio recommendation

This step includes a series of questions that allow Gusto Investments, LLC, our affiliated SEC-registered investment adviser (the “Affiliated RIA”), to understand your investment risk tolerance and preferences. Based on the information you provide, you'll see a recommendation of one of six managed portfolios.¹

The questions used to analyze your recommended portfolio include:

• Your intended retirement age

• Investment knowledge

• Historical risk tolerance

• Volatility tolerance

• Investment expectations

• Current risk tolerance

Once you're done with the questionnaire, you'll see your portfolio recommendation and the reasons why it was chosen for you. If you'd like to see alternative portfolio breakdowns, use the sliding scale by moving it toward Less Risk or More Risk.

Once you're satisfied with your selection, click Select portfolio. If you'd prefer to create an entirely custom portfolio or opt out of investing, click Other options.

You can change your portfolio at any time after enrollment.

Step 5: Protect your account

Because your 401(k) plan houses financial and other important personal information, you'll need to set up 2-factor authentication (2FA) as an additional layer of security for your account. When you turn on 2FA, you'll get a unique code via text message or an authenticator app. The code will be required anytime you access your account from a new device and periodically from trusted devices.

Learn more about setting up 2-step verification.

You're all set

Your 401(k) plan is now set up, and your retirement savings will soon be underway. You can access your account anytime to make changes to your information and preferences by signing in to the dashboard.