Originally Posted by
BCan
For those who have seen these types of special payouts; I'm assuming the payout will be separate from our normal paycheck? If so, do we expect to have an election tool for Fidelity similar to our profit sharing election tool? Answer might be in the sky hub today...but I'm on the road.
Thanks
BC
The one-time payment is not pensionable by the company and you cannot contribute any of it to your 401k, but it also does not count against the income limit (330k?) for 401k contributions. Because of this I would think there is no need for an election tool.