4 ms·
The $16k figure sounds like the amount that Apple contributed on Cook's behalf via matching funds.
by bgentry 8y ago
The $16k figure sounds like the amount that Apple contributed on Cook's behalf via matching funds.
- Retric 8y agoIn 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 agoThis seems like the most logical answer in the thread