Originally Posted by
flyguy81
Wonder how the plans are written differently to allow all excess above IRS limits into a retirement based account? We also don’t have a 1 time opt in or out choice either. And we can do a yearly transfer to the 401k starting at 59.5.
Because the 401k and SWA Profit Sharing plans are Defined Contribute Plans subject to the 345k/69k DC limits.
The MBCBP is a Defined Benefit Plan not subject to Defined Contribution Limits.