How to Get More Out of Your ePlan Services Online Account

Are you keeping track of how your 401(k) plan is performing? Your ePlan Services employee dashboard gives you the ability to manage your account in just a few clicks and, in this comprehensive guide, we’ll outline the must-use online features that will help you make the most of your 401(k) plan.

What can I view?

When you log into your employee dashboard, there are a few snapshots that you can view instantly for your convenience. All the numbers you need— from your account’s balance to its performance— are laid out right in front of your eyes. Click on any of these snapshots to explore detailed information.

Account balance:

When viewing your account balance, click the ‘show more’ arrow, to see additional details about your balance such as your pre-tax balance, Roth balance, and vested balance.

YTD contributions:

This snapshot will display your year-to-date contributions as well as your pre-tax contribution rate percentage. Clicking on the ‘show more’ arrow will allow you to see your total contributions and the amount of the last contribution you made so you can decide if you would like to change your contribution rate.

Asset allocations:

Here, you can choose to see your asset allocation—how your retirement savings are invested, for example in mutual funds and bonds— in dollars or as a percentage. If you’re unsure of how to allocate your assets, click on ‘learn more’. This will guide you to the asset allocation planner along with several other calculators. The asset allocation planner will help you determine your investment style and decide how much risk you’re willing to take. Be sure to make use of ePlan Service’s other calculators, too:

• Contribution Maximizer – Calculate the deferral percentage you’ll need to contribute to reach the maximum annual amount of funds to your retirement plan as permitted by the IRS.
• Depletion Calculator – Estimate how long your money may last during retirement.
• Gap Analysis – Determine if you are on track with your retirement savings. If you are not, your retirement shortfall will be displayed so you are better prepared to make up the difference if you decide to.
• Paycheck Calculator – See how your 401(k) contributions will affect your net income so you’ll know exactly how much you can expect to take home.
• Required Minimum Distribution – Calculate your required minimum distribution for the year to stay prepared for tax season.
• Retirement Outlook Calculator – Are you saving enough for retirement? This will help you determine if you are on track to retire comfortably.

Account performance:

Your account performance is displayed in a snapshot as a line graph. With it, you can view your account performance over a period of one, five, or ten years.

Can I make changes?

Aside from viewing snapshots of your plan and calculating your needs, your ePlan Services online account also lets you make adjustments to your plan as needed.

Change contribution rate:

Each pay period, a certain amount of money is deducted from your paycheck and placed into your 401(k) plan. The amount that is taken out is up to you. In this section, you can edit the percentage of your gross pay that you’d like to contribute to your account each pay period.

View statements:

Do you need current or previous account statements? Download them here or look at them online.

Roll over your funds from a previous 401(k):

Your ePlan Services account also allows you to roll over funds from a previous 401(k) account into your current 401(k) account. To make things as easy as possible, we’ll provide you with instructions on how to make the transfer once you choose this option.

Take a distribution:

Ready to withdraw funds from your account? Select ‘take a distribution’ and you see your options and withdraw what you need. Make sure your balance looks correct before taking a distribution.

Request a loan:

If you’re looking to borrow from your 401(k) account, your ePlan Services account also allows you to make the request. Simply click ‘Select a loan option’, then proceed as prompted.

Conclusion:

Your ePlan Services account dashboard is equipped with features that make plan management and adjustment a breeze. Plus, it offers 401(k) customer support for added assistance.