Retirement

One of the best ways to ensure a secure retirement is to start saving as early as possible. Our 401(k) savings plan allows you to save for retirement on a pretax or Roth basis. You can begin contributing to the plan at any time once you become eligible and start making contributions to your account through convenient payroll deductions.

Steptoe LLP offers a 401(k) through Schwab. The 401(k) plan allows you to save for retirement and enjoy significant tax advantages. You can contact Schwab any time by logging in to workplace.schwab.com for more information about the plan, your account balance, making contributions, changing investment elections, initiating a rollover or requesting a loan or withdrawal.

In-Network Benefit Highlights

Deductible (Individual/Family)
$XX/$XX

Out-of-Pocket Max (Individual/Family)
$XX/$XX

Preventive Care
$XX

Primary Care Visit
$XX

Specialist Visit
$XX

Urgent Care
$XX

Emergency Room
$XX

Who is Eligible for the 401(k)?

All US-based employees and partners over the age of 18 are eligible to participate in the company’s retirement savings plan.

How Do I Enroll in the 401(k)?

You can enroll in the retirement savings plan by visiting the plan provider’s website above and registering with your personal information. Once registered, you’ll be able to select your contribution percentage.

Increase Your Retirement Savings with a 401(k)

  • Contribute using convenient payroll deductions up to $23,500 in 2025, limited to 25% of your compensation for HCE’s or 50% of your compensation for NHCE’s. (Please contact the retirement plan specialist to confirm if you are HCE or NHCE.)
    You can save an additional $7,500 per year if you are age 50+. IRS limits are evaluated annually and may change. IRS limits are evaluated annually and may change.
  • Change the amount of your contributions or stop your payroll contributions at any time.
  • Decide how to invest your 401(k) or allow the plan to choose for you.
  • The Profit Sharing contribution is a discretionary contribution made by the firm. The Contribution is based on your gross compensation from plan enter date to 12/31 of the plan year with a last day of plan year active employment requirement. Participants are immediately 100% vested.