Originally Posted by
rahc
Not sure where you are getting the $39k number from.
Your max contribution is $17,500 for 2014
There is also a $5500 allowance catchup if you are of age 50.
Total max contribution is $52,000 for 2014.
technically speaking, if you were to put $0 in, the company could place $52k in.
For 2014, IRS Issues 401(k) and Pension Plan Limits
Just an fyi.....
The company's max contribution is $39,000 based on an income of $260k. ANY further donations to Obama's new pay off the debt bank account must be made by you, up to the maximum of $52,000.
And I vote for No. 2 being my favorite!
And that is a heavily photoshopped pick of Saban's little girl who beats up fellow sorority girls!