Whether you are a new or continuing employee, your contribution of another employer's retirement plan during the year is included in the current federal limit. You can change or stop your contributions at any time by completing a new Salary Reduction Agreement and submitting it to Employee Benefits. The key to investing is to start early and gradually adjust your risk level as you approach your goal. You may easily change investment funds within a particular company. Subject to the investment company's restrictions, you may change your new contributions and move money you have already invested.
Some companies permit transfers by phone.
Contact the company directly for specific information on their policies. You may change investment companies at any time. If you want to select a different company for future contributions, you must complete a new Salary Reduction Agreement form and an account enrollment form for the new investment company, unless you have an existing application or Optional Retirement Plan account on file with them. To transfer existing funds, you must complete a transfer form for the new investment company. Transferring money from one investment company to another is subject to the company's restrictions.