Employees can update their 401(k) contribution rate by logging into their Betterment account on a web browser and navigating to their Retirement account.
On the Retirement page, they will see an "Edit" link in the “Recurring transactions” section. Clicking this will allow them to adjust their contribution by percentage or dollar amount for the next pay period
From the mobile app, the employee can click on the Retirement envelope and click on the Edit under the Recurring Transaction section.
Depending on the employer’s payroll processing schedule, changes to 401(k) contributions may take one or two additional pay cycles before they are reflected in payroll deductions.
Encouraging employees to review their settings periodically ensures their contributions align with their savings goals.
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