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Old 03-25-2018 | 06:13 PM
  #8  
Miso
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Originally Posted by FlyingOkra
"The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,000 to $18,500."

"The limitation for defined contribution plans under Section 415(c)(1)(A) is increased in 2018 from $54,000 to $55,000."

https://www.irs.gov/newsroom/irs-ann...18500-for-2018
So...if your sick bank is full (686 credit hours) any unused sick hours in a given year will roll into your 401k up to the $55,000 IRS limit, after which the Company cuts you a check for the remainder.
You can also contribute an additional $6,000 “catch-up contribution” if you are 50 years old or older.
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