Get a tax advantage

When you make pre-tax contributions, you’ll get an immediate tax break. That’s because your savings are deducted from your paycheck before taxes are taken out, so your taxable income is reduced.

When you make pre-tax contributions, you won’t be taxed now on your contributions, nor will you be taxed on any investment earnings while your money remains in your account. In fact, you won't owe any tax on your money until you withdraw it, presumably in retirement.*

Use this tool to review some examples of potential tax savings you could realize by contributing to your plan.

*Withdrawals of pre-tax contributions and any earnings will be subject to ordinary income tax. Withdrawals taken before age 59½ may also be subject to a 10% federal penalty tax.