Originally Posted by
NotMrNiceGuy
Random question about cash over cap. What happens to your DC at the IRS compensation limit ($345,000 in 2024)? Is that money now going into the MBCBP? Or is the cap that is being referenced the Contribution Limit ($69,000 in 2024)? Thanks for the clarification.
unless you opted out of the MBCBP, any DC money DL cannot put into your 401k they will put into your MBCBP.
if you contribute more than $10,350 (3% of $345k) to your 401k the 69k total contributions will be limiting. Less and the 345k earnings will be limiting.