Payless helps you save for retirement through our 401(k) plan. After two months of employment, associates are automatically enrolled in the 401(k) plan at a 3% before-tax contribution rate, but may increase or decrease their contributions at any time. Payless makes matching contributions based on company profits, with a guaranteed minimum match of 25 cents per $1.00. Your contributions up to 5% of your pay are eligible for the match. Associates are eligible for the annual company match if they have been employed at least six months at the end of the year. The plan is managed by Ameriprise Financial, and associates may choose to invest their pre-tax and/or after-tax contributions and the company match in any of 14 investment funds.