Originally Posted by boeingcargoguy

Look at it like this:

$54,000 IRS 415C limit (those under age 50)

$270,000 income *.08 (B Fund) = $21600
401K contribution $18000
401k FDX match $ 500
Extra 5% of income (270k max) $13500
TOTAL $53600
50 and over catch up $ 6000
NEW TOTAL $59600

This allows you to stay under to IRS 415C limit of $54000 of those under 50 and the $60000 age 50 and up.