How Do I Opt Out of an Automatic Enrollment Plan?

Many employers choose to set up an automatic enrollment provision to their company’s retirement plan to aid their employees in saving for their retirement. Studies show this has helped employees avoid missing enrollment periods and contribute more towards retirement.

How Do I Opt Out of an Automatic Enrollment Plan?

If you have decided to opt out of the plan, you may do so. Before you can opt out, you must first register your account

After registering your account, log in to your Vestwell savers portal and follow the steps below:

  1. On the home page, under the "I Am Saving" section, select "Change Savings".
  2. Change the Pre-Tax and/or Roth amount to "0".
  3. Hit apply changes.

If you have already made an auto-enrolled contribution and would like to withdraw those funds, you must request an auto-enrolled contribution withdrawal.

If you need assistance, you may contact Vestwell directly at help@vestwell.com.