Originally Posted by
dalad
Once you reach the 415C limit, the company pays you an additional 15% as straight pay making my effective rate for the last 4-5 months $253 an hour for this year. The early profit sharing was worth 15K for me. I am at 275k now.
You're not being paid an extra 15%. Just instead of going into your 401k and not taxable, it goes in with the rest of your normal paycheck and is taxable.