The 401(k) allows for both pre-tax and Roth (post-tax) contributions, up to the IRS maximum, which is $19,000 per year for 2019. Employees ages 50 and over can contribute an additional $6,000 per year as a “catch-up” contribution.
When making your election, keep in mind that the IRS limit includes all employer-sponsored retirement plans that you have contributed to in a calendar year. If you contributed to another 401(k) prior to starting at loanDepot, you will need to take into account your contributions that year when determining the maximum you can elect for the loanDepot 401(k).
loanDepot matches 50% of your contribution up to a maximum of 6% of your total compensation each pay period.