Originally Posted by
Shaggy1970
Just curious what a 16.5%B fund or even a 20% achieve when the maximum limit imposed by uncle sam is 31,200? The only segment of the work force it would benefit would be the most junior. I am sure all your captains are already leaving money on the table when they max out the limit. Increasing the percentage is a joke.
Shaggy, help me out here. This is from the IRS website:
"The limitation for defined contribution plans under Section 415(c)(1)(A) is increased in 2014 from $51,000 to $52,000."
Are we not covered under this?
http://www.irs.gov/uac/IRS-Announces-2014-Pension-Plan-Limitations;-Taxpayers-May-Contribute-up-to-$17,500-to-their-401(k)-plans-in-2014