Originally Posted by
PropPiedmont
If you are talking about profit sharing, the high earners can’t defer their profit sharing. They get it all in cash each year. I haven’t had any money deposited into my profit sharing account for the last 5 years. And it gets taxed huge when it pays in March.
Flying with plenty of senior dudes who would use their PS excess as a paycheck while they'd max out their individual 401k contribution by the end of 1st quarter, and then they'd be maxing out their Top Hat right to 50k limit. Makes sense... but having lost my A-plan in a bankruptcy and being entitled to a whopping $200-something bucks a month when I retire, I'm not sure how much I'd trust Top Hat.