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That's for deferral, not matching. I think 100k would mean, you can defer 17.5 (so 82.5 is subject to federal tax, and 100k is subject to fica), and then up to
by tunesmith 13y ago
That's for deferral, not matching. I think 100k would mean, you can defer 17.5 (so 82.5 is subject to federal tax, and 100k is subject to fica), and then up to 25% of salary can be subject to matching. Although maybe some employers just stick to matching the deferral?
- toast0 13y agoThe match is almost always on the deferral amount. So a 50% match is up to $8,750 extra with the current limit (subject to vesting!) There are other options for an employer to contribute. The total contribution limit (including deferred income) to a given employer's plan is $52,000 for 2014. Salary deferral is limited across all employers, but if you have multiple employers contributing on a non-deferral basis, then it seems you can go over the $52,000 limit http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics---401(k)-and-Profit-Sharing-Plan-Contribution-Limits http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employ...