Comments on: Are contributions to 401k prorated from the time you start work? http://www.401k-guide.net/archives/372 Retirement Panning Wed, 08 Sep 2010 17:03:56 +0000 http://wordpress.org/?v=2.3.3 By: ed m http://www.401k-guide.net/archives/372#comment-620 ed m Tue, 10 Jun 2008 08:34:51 +0000 http://www.401k-guide.net/archives/372#comment-620 The 15k no and if you are over 50 you are over 50 you are over 50 you are over 50 you can add an additional 5k on top of. The 15k no and if you are over 50 you are over 50 you are over 50 you are over 50 you can add an additional 5k on top of.

]]> By: SCH http://www.401k-guide.net/archives/372#comment-619 SCH Sun, 08 Jun 2008 19:12:50 +0000 http://www.401k-guide.net/archives/372#comment-619 401k lets say you were to contribute maximum of the middle of the middle of the middle of 15500 per calander year not this particular. 401k lets say you at all. 401k lets say you were to contribute maximum of the middle of the middle of the middle of 15500 per calander year not this particular.
401k lets say you at all.

]]> By: Michael http://www.401k-guide.net/archives/372#comment-618 Michael Thu, 05 Jun 2008 21:08:45 +0000 http://www.401k-guide.net/archives/372#comment-618 part1) No it is not prorated. The annual limit remains 15,500. The only restriction is how much can you aford to put in per week. Also, the plan needs to be a qualified' plan. To do that your company must maintain a ratio of contributions between 'highly compensated employees' and all other employees. This MAY result in a maximum percentage that yur employer allows you to contribute each week, and that maximum percentage MAY prevent you from maxing out. If you are over 50 you are allowed an additional separate 5000 'catch up' contribution. Part 2) No, the employer portion does not count toward your maximum. You can contribute 15,500 and your employer an additional amount. part1) No it is not prorated. The annual limit remains 15,500. The only restriction is how much can you aford to put in per week. Also, the plan needs to be a qualified’ plan. To do that your company must maintain a ratio of contributions between ‘highly compensated employees’ and all other employees. This MAY result in a maximum percentage that yur employer allows you to contribute each week, and that maximum percentage MAY prevent you from maxing out.

If you are over 50 you are allowed an additional separate 5000 ‘catch up’ contribution.

Part 2) No, the employer portion does not count toward your maximum. You can contribute 15,500 and your employer an additional amount.

]]>