How often can you change your contributions to a 401(k)?

The ability to change contributions to a 401(k) plan is primarily determined by the rules set forth by your employer and the specific plan provisions. Many employers allow employees to adjust their contribution rates as frequently as they wish, providing flexibility to respond to changes in financial circumstances or investment strategies. This can include changing the contribution percentage or stopping contributions altogether.

In contrast, options suggesting limits to changing contributions, such as once a year, every six months, or only at the beginning of each year, do not reflect the flexibility that is often available in most 401(k) plans. Employers understand that employees' financial situations can change and may provide the option for more frequent adjustments to accommodate these changes, allowing employees to maximize their retirement savings when possible.