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Old 06-08-2016 | 06:30 PM
  #189292  
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nwaf16dude
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Joined: Jan 2008
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From: 737A
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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.
Dude, I recommend you speak to a real expert, but I'm as sure as I can be that you are wrong. The catch-up contribution does not count against the 415 limit. The numbers from my pay statements confirm that.