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Old 06-07-2016 | 04:34 PM
  #189289  
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scambo1
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Joined: Jun 2009
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From: 777B
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Originally Posted by DAL73n
Actually, the $6000 DOES COUNT against the limit - the $53000 is an absolute limit. If you contribute your full $24K to the 401K then the DC plan will go in until reaching your limit of $53K and then any extra money will start getting paid out to you as salary - reread the 401K rules.
Hes talking about the over 50 catch up contribution which is above and in addition to the 415c limit.