View Single Post
Old 12-23-2018, 04:37 AM   #1  
Techsan15
New Hire
 
Techsan15's Avatar
 
Joined APC: Oct 2016
Posts: 2
Default 2019 401k Questions

Reviving this old thread for 2019.

Can someone explain to me the tax treatment for the defined contribution plan/B Fund/401(k)? The 2019 limit for a 401(k) is $19,000/yr and obviously most airline pilots will easily eclipse this. My main three questions are this:

1) What is the proper term for the account where these automatically contributed retirement funds go?

2) Is the account tax-sheltered like a 401(k) or considered after-tax?

3) If the account is a 401(k), can it all be treated as pre-tax money even if it exceeds the $19K annual limit set by the IRS?
Techsan15 is offline