Overview
Whether retirement is a long way off or just around the corner, the iCapital 401(k) Plan can help you prepare for a more financially secure future. It’s easy-to-use, provides company funding, and offers valuable tax advantages.
Key features
Easy payroll deductions
You contribute to the plan with automatic deductions from your paycheck, making it effortless to build up savings for retirement.
Company contributions
iCapital contributes to your account to help your savings grow faster.
Tax savings
You’ll pay less in income taxes now when you make before-tax contributions from your paycheck, or you can save on taxes later (when you withdraw your money) if you make Roth after-tax contributions.
Wide range of investment options
You choose how you want to invest your money.
Eligibility & Enrollment
You are immediately eligible upon your date of hire. You may begin contributing after your first paycheck. You may change your contribution rate and investment elections at any time by visiting the Empower website or calling 855-756-4738.
Your Contributions
You may contribute between 1% and 90% of your eligible pay to your plan account, up to annual IRS limits. The following limits include your pretax contributions, Roth after-tax contributions, or a combination of both.
2026 contribution limits
- $24,500 if you are under age 50
- $32,500 if you are between the ages of 50 and 59 or older than 63 (which includes an additional $8,000 in catch-up contributions)
- $35,750 if you are age 60–63 (which includes an additional $11,250 in "super" catch-up contributions)
You also have the option of contributing to the plan with after-tax money, up to 90% of your eligible pay.
Catch up!
If you’ll be 50 or older this year, you can contribute extra money to your account through catch-up contributions.
Company Contributions
iCapital supports you in reaching your retirement goals by making contributions to your iCapital 401(k) Plan account. iCapital matches 100% of your elective deferrals (pretax and Roth) to the plan, up to 4% of your eligible compensation. There is no match on after-tax contributions.
Don’t say no to free money!
Contribute at least 4% to take full advantage of the match — otherwise, you’re leaving free money on the table. Log in to your Empower account to increase your contribution rate.
Vesting
Vesting is another way of saying “how much of the money is yours to keep if you leave the company.” You are immediately 100% vested in your own contributions and the company’s contributions to your account, including any investment gains and losses on these contributions. This means you own all the money in your account right away.
Name a Beneficiary
It’s important to designate a beneficiary to receive the value of your iCapital 401(k) Plan account in the event you die before beginning to receive your benefit. As personal circumstances change, be sure to keep that information up to date. Log in to your Empower account to add or change your beneficiary.