No that money is already pretax. Should be just like making a rollover to an IRA. (Which I wouldn't be surprised if that was an option when the DC plan is terminated.) The total amount deposited by you and Company cannot exceed $52,000 in 2014. If you are under 50 then you can put a maximum of $17,500 in the 401k. If you turn 50 or older in 2014, you can make catchup contributions totaling $5,500. So anyone turning 50 or older can contribute a total of $22,000 a year. The Company will put in their 15% until reaching a total of $52,000 for the year. If you will exceed that amount for whatever reason the excess will be taxed and paid to you as income.

To me, it doesn't matter if that $52,000 comes from my contribution or the Companys. Whatever money that is in excess of the $52,000 comes back as taxed income anyway.

Denny