User Panel
User Panel
User Panel
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Posted: 3/26/2017 12:27:05 PM EDT
[#1]
The $18K is a federal limit but individual plans sometimes impose a % of salary limit based on the overall compensation of all employees and especially Highly Compensated Employees...if you can contribute a given % it should be OK.
IOW, if your employer lets you do it, it should be OK. |
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Posted: 3/26/2017 3:22:44 PM EDT
[#2]
I don't see how you would get penalized for being over. Perhaps You wouldn't see the pre tax savings, on the portion which is over?
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Posted: 4/25/2017 4:13:00 PM EDT
[#3]
Quote HistoryQuoted:
The $18K is a federal limit but individual plans sometimes impose a % of salary limit based on the overall compensation of all employees and especially Highly Compensated Employees...if you can contribute a given % it should be OK. IOW, if your employer lets you do it, it should be OK. |
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