Originally Posted by
Cougs
Wait a sec… so for my United 401k, anything over the 19.5k 401k cap just disappears into an account I don’t use for retirement? I’m a military retiree, so I’ve got Tricare ad have little use for gobs of money that can be used for healthcare. What gives? That’s a HUGE amount of money I’m leaving on the table.
Not UAL, but I think the definition of what VEBA money can be spent on is pretty broad.
But don’t forget, it’s not just the 19.5k limit. There are multiple, overlapping limits as part of 415(c) and 401(a) that can stop contributions. You could reach the total contribution limit or the maximum w2 limit. In either case, you get the “spill” cash at DAL, or into the VEBA at UAL.