If you have not already done so, please update your beneficiaries for your 401k. Go to https://mykplan.adp.com/ and then select “My Account” on the left side and then “Manage my Beneficiaries.”
For 2024, the contribution limit for 401k has been increased to $23,000. To meet the maximum you would need to put in $884.61 per pay period. For those over age 50, you can also make a catch-up contribution of $7,500. The annual total would then be $30,500, or $1,173.08 per pay period. You can change your contribution amounts through the ADP portal. More information about the ADP 401k plan can be found at:
For assistance in how to invest your 401k, see Edelman Financial Engines brochure
