enrollment overview 401k

Sign up for your new retirement plan

Exciting news! Your company offers a retirement plan with Vestwell. Visit vestwell.com/register to sign up for your retirement plan today.

What is a 401(k)?

A 401(k) is an employer-sponsored retirement account intended to help employees set aside money for retirement. This is a great opportunity to save for retirement while receiving tax benefits. Check with your employer to see if they contribute to your 401(k) as well.

Why should I contribute to my 401(k)?

Automate Your Savings

Once you set your deferral, or the amount of your pay set aside for retirement, your contributions will be automatically deducted from your paycheck.

Choose your contribution – and watch your money grow over time.

Compound Your Savings

Over time, the money you contribute to your retirement plan earns more money. The extra money you earn just from saving is called compound earnings.

The sooner you start saving, the more time your money has to grow.

Take Advantage of Tax Benefits

If you make pre-tax contributions (before taxes are deducted from your paycheck) you may reduce your taxable income – and potentially pay less taxes now. If your plan offers Roth contributions, (the option to contribute after taxes are deducted from your paycheck), you can make tax-free withdrawals during retirement.

You can choose whether you get tax breaks now, or later.


Start saving today to set yourself up for success.

Your savings can !

compound over time!

Jenny28 years old Jake35 years old
Monthly contribution $250/mo for 39 years $250/mo for 32 years
Total contribution at retirement age 67 $117,000 $96,000
Total savings at retirement age 67 $613,000 $359,000

254,000 Difference in savings

!

$ * Difference in savings 254,000

3 Easy Steps to Sign Up for Your 401(k)

Confirm Identity

so that Vestwell can verify your account. Answer a few quick security questions

Set up your account

and phone number. Then, choose your password. Enter your first and last name, personal email address

Add second layer of security

“I agree” to the terms and conditions. using an authentication app or phone number. Next, click Follow the online prompts to set up 2-Step Verification

Visit vestwell.com/register to get started.