Associated Bank 401k Access: Everything You Need to Know

Benefits of Associated Bank 401k Access

Associated Bank offers a robust 401k plan with a wide range of investment options and features designed to help you save for retirement. Some of the benefits of having an Associated Bank 401k account include:

• Employer contributions: Many employers offer matching contributions to employee 401k plans, which can significantly boost your retirement savings.
• Tax savings: Contributions to a 401k account are made on a pre-tax basis, which means they reduce your current taxable income. This can save you a significant amount of money in taxes over time.
• Investment growth: The money in your 401k account is invested in a variety of investment options, such as stocks, bonds, and mutual funds. This allows your money to grow over time, potentially outpacing inflation and helping you reach your retirement goals.
• Easy access to your money: You can access your 401k account balance online or through the Associated Bank mobile app. You can also take loans or withdrawals from your account if you need to.

How to Access Your Associated Bank 401k Account

To access your Associated Bank 401k account, you can:

• Visit the Associated Bank website: Go to https://www.associatedbank.com/ and click on the "401k" tab.
• Call Associated Bank: You can reach an Associated Bank representative at 1-800-236-3400.
• Visit an Associated Bank branch: You can find your nearest Associated Bank branch by using the branch locator at https://www.associatedbank.com/locator/.

Once you have accessed your account, you can view your balance, make contributions, change your investment options, and take loans or withdrawals.

Tips and Tricks for Using Your Associated Bank 401k Account

Here are a few tips and tricks to help you get the most out of your Associated Bank 401k account:

• Contribute as much as you can afford. The more you contribute to your 401k account, the more money you will have in retirement. If your employer offers matching contributions, be sure to contribute enough to take full advantage of this benefit.
• Invest your money wisely. The investment options available in your 401k account can vary, so it's important to do your research and choose investments that are appropriate for your risk tolerance and retirement goals.
• Rebalance your portfolio regularly. As your investment goals and risk tolerance change, you should rebalance your portfolio to ensure that it is still aligned with your needs.
• Consider taking a loan from your 401k account. If you need to borrow money for a short period of time, you can take a loan from your 401k account. However, it's important to remember that you will have to repay the loan with interest.
• Avoid taking withdrawals from your 401k account before you retire. Withdrawing money from your 401k account before you retire can result in penalties and taxes.

FAQs About Associated Bank 401k Access

Here are some of the most frequently asked questions about Associated Bank 401k access:

• What is the minimum age to access my Associated Bank 401k account? You can access your Associated Bank 401k account as soon as you are employed by a company that offers the plan.
• What are the investment options available in my Associated Bank 401k account? The investment options available in your Associated Bank 401k account will vary depending on the plan offered by your employer. However, common investment options include stocks, bonds, mutual funds, and target-date funds.
• How can I change my investment options? You can change your investment options by logging into your online 401k account or by contacting an Associated Bank representative.
• Can I take a loan from my Associated Bank 401k account? Yes, you can take a loan from your Associated Bank 401k account, but you will have to repay the loan with interest.
• What are the penalties for withdrawing money from my Associated Bank 401k account before I retire? Withdrawing money from your Associated Bank 401k account before you retire can result in penalties and taxes. The penalty for withdrawing money before age 59 1/2 is 10%. Additionally, you will have to pay income taxes on the amount of money you withdraw.