Participants can change their retirement plan contributions through the Recordkeeper website or by calling participant services. If required, they should contact their HR Department for assistance
Most retirement plans allow participants to change the amount they contribute from their paychecks by logging on to the plan’s service provider (Recordkeeper) website, or by calling the service provider’s participant services line.
When logged into the Recordkeeper site, the option to change your contribution amount is usually titled “Contributions” or “Savings Rate.”
Some retirement plans require that participants reach out to the Plan Administrator (your employer) to make a change to their contributions. In this case, participants should reach out to their HR Department for more assistance.