Originally Posted by
nitefr8dog
Skim milk...my son in law calls it chalk water....
As some of us found out in the short staffing debacle in 2016/17...max IRS contribution is 19.5k pr yr. Whether you make 300k, 400k, or 600k....19.5k per year.
You're mixing up employee contribution max and employer or total contribution max. I believe total contribution for 2018 was like 55k for the 401k.
So if the company contributes 15% with no match required, and you put none of your own money into the 401k, you will not cap that until you make 365,000ish a year.
You need to make 250,000ish at 15% a year plus contribute your yearly max to hit that 55k.