401(k) Benefits The 2024 annual contribution limit is $00,000 and individuals aged 50 and older may contribute an additional $0,000. Deposits are made on the same day as payday. You can change your contribution elections at any time through Empower. Contribution changes should be submitted by Wednesday before the week of pay (9 days before the check date). The Empower website gives you the choice to make your investment elections on your own or to use the Empower tool which assists you in making your elections. Contributions Employee Contribution Company Match 0% - 1% 100% >1% - 6% 50% Open Account with Empower *If you are contributing 6% of your base salary = 3.5% total company match