Originally Posted by
Smooth at FL450
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...
Thanks all for the responses. I’m guessing the retro has me at the limit. My NEC showed zero for this paycheck. Is this normal?