Originally Posted by
Crockrocket95
It comes back as 17% PS Excess Cash in your paycheck. taxed but you get a 17 percent raise lol.
You'll only get "Pilot Excess Benefit Cash" on income up to the 401 (a)17 limit. (I think it's $345k in 2024) So it won't too much.
Once you've reached that income level, the NEC spills over into the 401 (a)(17) Cash NEC bucket and fills up for the rest of the year with no limits.
And yes, taxed. Unless you've opted for the top-hat plans...