Originally Posted by
hopp
401(k) contributions are limited to about $20000 /yr. The “B fund” was funded by the company to a maximum of $57,000, combined value with 401((k).
It looked and is managed like a 401(k).
Personal contributions are limited to 20k-ish. The company can contribute up to the max 415(c) limit every year which is $66k for 2023. But the plan is still a 401(k). The two contributions (personal and company) can’t total more than that $66k. That’s where a lot of higher earners get into a situation where they max out and are looking for some sort of additional vehicle like a tax deferred MBCBP to put the excess money.