Originally Posted by
tailendcharlie
The way I read it it's pretty simple. You make $100k for the year & elect 5% you put in $5,000 they put in $10,000. You elect anything more than 5% they still only put in $10,000. As it stands now if you put in $5,000 they put in $4,000.
Let's not forget this is a safe harbor plan. When you hit your maximum allowed 401K deposit for the year, you will still get company match on what you aren't able to contribute for the rest of the year. That contribution is made in a lump sum deposit by the end of the first quarter the following year.