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Connect your 401(k)

If your employer's 401(k) works with alooola, you can connect it in the app. It then sits on Home with your other accounts, and you can change your contributions without a separate website.

Video: from the plan we found to it being linked, 37 seconds, no sound. The steps below say the same thing.

Where do I start?​

  • While signing up: if you see We found your 401(k), tap Set up your 401(k).
  • In Profile: tap Set Up 401(k), under Household.
  • On Home, before you have an account: tap the Connect your 401(k) card.
  • On the Retirement tab: tap Check my 401(k), enter your full name, Social Security number and date of birth, then tap Find my 401(k).

The Profile row and the Home card only appear when we've found a plan for you that isn't connected yet.

How do I connect it?​

  1. Confirm it's yours. We found your plan shows your name, your employer and the balance. Tap That's me.
  2. Review the disclosures. Read the plan's documents, tick the box, and tap Continue.
  3. Choose how it's invested. Managed for me: answer six questions and choose a strategy, and we manage it. Self-manage: you pick from the plan's funds, from the account after it's linked.
  4. Set your contributions. Choose Pre-tax and Roth amounts, as a percentage of your pay or a dollar amount. The screen shows how much of your employer's match you'll get.
  5. Confirm and link. Check Review & confirm, then tap Confirm & Link. The 401(k) appears on Home.

How do I change my contributions?​

Open the 401(k) on Home, tap Manage, then Change contributions. Enter the code we text you. The change starts with your next paycheck.

You can also tap Update contributions in the account's Contributions section.

How do I change how it's invested?​

Open the 401(k) and tap Manage.

  • If we manage it: Change portfolio or Pick your own funds.
  • If you manage it: Edit funds or Switch to advisor-managed.

What does the 401(k) screen show?​

  • Contributions: what you and your employer have put in this year, with View all
  • A note about your employer's match, if you aren't getting all of it
  • Holdings: the funds you're invested in

The IRS limits how much you can put into a 401(k) each year. The limit usually changes every year.

What if it doesn't work?​

  • We can't find your plan. Your employer may not offer its 401(k) through alooola, or your name, Social Security number or date of birth may not match your employer's records exactly. Contact us and we'll check.
  • The balance looks out of date. Plan balances update on the plan's own schedule, which isn't always the same day.
  • It's from a past employer. An old 401(k) usually needs a rollover, not a connection. Contact us to talk it through.

Questions about your plan? Email support@alooola.com or call 484-275-5525.