How Do I Check My 401k?

Shawn Plummer

CEO, The Annuity Expert

If you have a 401k account, keeping track of it regularly is essential to ensure that your retirement savings are on track. Monitoring your account balance, contributions, and investments can help you make informed decisions about your retirement plan. But with so many online tools and resources available, it can be overwhelming to know where to start. This guide will guide you through checking your 401k account and provide helpful tips.

Key Takeaways

  • There are several options available to check your 401K like an online portal or through your company website.
  • Understanding the basics of your 401K plan, such as vesting options and employee contributions, is essential.
  • Regularly review your 401K and make adjustments when needed.

Understand your 401k plan

Before you start checking your 401k account, understanding your plan’s basics is essential. This includes knowing how much you are contributing, your employer’s contribution, and your investment options. Here are some key terms you should know:

  • Contribution percentage: This is the percentage of your salary contributing to your 401k account. Your employer may also contribute a matching amount to a certain percentage of your salary.
  • Vesting: This refers to how much of your employer’s contributions you are entitled to if you leave your job before you are fully vested. For example, if you are 50% vested and your employer has contributed $10,000 to your account, you would be entitled to $5,000 if you left your job.
  • Investment options: Your 401k plan may offer different investment options, such as stocks, bonds, and mutual funds. Understanding each option’s risks and rewards is essential before making investment decisions.
How To Check Your 401K

Know the different ways to check your 401k account

Depending on your plan provider, you can check your 401k account in several ways. Here are some standard methods:

  • Online portal: Most 401k plans offer an online portal where you can check your account balance, review your investments, and change your contribution percentage.
  • Employer’s website: Some employers provide access to 401k information through their website. Check with your HR department for information on how to access your account.
  • Mobile app: Some plan providers also offer a mobile app that allows you to access your account information from your smartphone or tablet.
  • Phone: You can also call your plan provider’s customer service number to check your account balance and other information.
  • Statements: You should also receive regular statements from your 401k provider that show your balance, contributions, and other important information.
How To Check 401K

Review your 401k performance regularly

Monitoring your 401k performance regularly can help you make informed decisions about your retirement plan. Here are some key factors to consider:

  • Account balance: Keep track of your account balance and make sure it’s on track to meet your retirement goals.
  • Contribute enough to take advantage of employer matching: If your employer offers a matching contribution, it’s essential to take full advantage of this benefit.
  • Diversify your investments: Diversifying your investments can help reduce risk and increase your growth potential. Consider a mix of stocks, bonds, and other investment options to create a well-rounded portfolio.
  • Review and adjust your investments regularly: As your financial situation and goals change, it’s essential to review and adjust your investments to ensure that they align with your current needs.
How To Check My 401K Balance

Next Steps

Regularly checking your 401k account is integral to retirement planning. By understanding your plan, knowing how to access your account information, and monitoring your performance, you can make informed decisions to help you reach your retirement goals. Whether you use an online portal, mobile app, or phone, check your account regularly and seek guidance from a financial advisor. You can take control of your retirement with the right tools and information.

Check My 401K

Request Help

Get help from a licensed financial professional. This service is free of charge.

Contact Us

Frequently Asked Questions

How do I access information about my 401k plan?

Log into your account or contact your plan administrator.

What are the fees associated with checking my 401k?

There are usually no fees.

What factors can affect my 401k balance?

Investment performance, contributions, fees.

Related Reading

Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed insurance agent and annuity broker with over a decade of first-hand experience. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

Scroll to Top