Update your 401(k) Contributions

401(k) plans are a critical part of financial planning for your retirement. This guide will help you understand how to adjust your 401(k) contributions using the Bank of Pawnee online portal.

Step 1: Log in to the Bank of Pawnee Portal

1. Launch your preferred web browser and go to the Bank of Pawnee website.

2. Click on the "Login" button, typically located at the top-right corner of the page.

3. Enter your username and password in the provided fields and click "Submit."

   Note: If you have difficulties with logging in, there should be a "Forgot Password" or "Help" option on the login page. If you continue to face issues, please contact the Bank of Pawnee support team.

Step 2: Navigate to the 401(k) Section

1. Once you're logged in, look for the "Account Services" or "My Accounts" section. It's often located in the main navigation menu or dashboard.
2. From the dropdown list, select "Retirement Services."
3. On the next page, click on "401(k)."

Step 3: Adjust Your Contribution

1. In the 401(k) section, you will find an option that says "Change Contribution."

2. Click on it to view your current contribution rate.

3. To change the rate, enter the new percentage or dollar amount you wish to contribute from each paycheck.

   Note: Be aware of the annual limits set by the IRS on 401(k) contributions. For 2022, the limit is27,000 for those 50 or older.

Step 4: Confirm Changes

1. Review your new contribution amount and ensure it aligns with your retirement saving goals.
2. Click "Save" or "Confirm" to finalize your changes.

After updating your contributions, it might take one or two pay cycles for the changes to reflect in your paycheck. If you have any questions during this process, please reach out to the Bank of Pawnee or your company's HR department for assistance. Always remember to regularly review and adjust your contributions as your financial situation evolves over time.