loanDepot employees 18 years of age and older are eligible to participate in our 401(k) Plan, administered by Voya, starting on the first of the month following one full month of employment.

If you do not actively enroll or decline participation in the 401(k) Plan, you will be automatically enrolled at a deferral rate of 3% of your total compensation to the default investment fund.

You are always 100% vested in your contributions. To see the current vesting schedule for the employer match, visit www.voyaretirementplans.com or contact them at (800) 584-6001.

For more information about the 401(k) Plan, visit www.voyaretirementplans.com.


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.


401(k) Company Match Example

Gross Earnings Per Payroll = $2,000
Employee Deferral Percent loanDepot Match Percent Contribution Match Amount
1% 0.5% $20.00 $10.00
2% 1% $40.00 $20.00
3% 1.5% $60.00 $30.00
4% 2% $80.00 $40.00
5% 2.5% $100.00 $50.00
6% 3% $120.00 $60.00
7% 3% $140.00 $60.00
8% 3% $160.00 $60.00
9% 3% $180.00 $60.00