3 ms·

Why wouldn't he contribute the 2017 max of $18,000?

• refurb 8y ago
  It’s not his contribution. It’s the company match.
• bgentry 8y ago
  The $16k figure sounds like the amount that Apple contributed on Cook's behalf via matching funds.
  • Retric 8y ago
    In 2017 companies may only use up to $270,000 when calculating company matches to a 401k * whatever their max limit is for normal staff. 275 * 6% = 16.2k which sounds about right. https://www.irs.gov/retirement-plans/401k-plans-deferrals-and-matching-when-compensation-exceeds-the-annual-limit https://www.irs.gov/retirement-plans/401k-plans-deferrals-an...
    • tedmiston 8y ago
      This seems like the most logical answer in the thread
• h4b4n3r0 8y ago
  I really doubt he even knows about this. His accountant goofed, probably.