OK, I've got my VEBA where I want it and now want to minimize spillage from the 16% 401k contributions. (In previous years, I maxed out spillage to get my VEBA account built up)

From my understanding, $285k (2020 max) x .16 = $45,600 into my 401k.

401k limits for 2020 are: $57K + $6.5K (over 50 catch up) = $63.5K.

After the company contributions, I need to add another $17.9K from my paycheck to max out 401k contributions.

I realize the contribution percentage could change with a new contract, although the only modification I'd make is to give more flexibility for those that earn more than $285K (ie eliminate automatic spillage into VEBA).

Are there any errors in what I've written above?

Thanks in advance.