Originally Posted by
chickenorbeef
Thanks Bob, that makes more sense. Well there goes $9000 I’ll never get....a year! 😩
Make sure you understand your contract. You may be due that money anyway. As mentioned at Delta when you fill up your 415C bucket the 16% is still paid however as ordinary income. The 270K number is a IRS limit that stops you from adding tax free money on your own to your 401K. Make sure your contribution percentage is enough to hit the limit before you reach 270k in pay. If the 270k is written into your contract as the end of contributions that year your screwed.