Originally Posted by
JTwift
the company contribution limit is $58650. So you still need to come out of pocket to hit the max. The Loa lowers it to $46,500. So you’d need to come out even more to hit the max.
Read what I said again. For 2024, the limit is the 415C cap of 69k combined employee and employer contributions. Also, there is the cap on how much can be subjected to a company contributions of 345k for 2024. At 17% that equates to 58650. If it were 20%, it would be 69000, the 415C limit, thus maxing your 401k contribution on company contributions alone.
Those numbers often change annually, so it’s a bit of a chase, but at some percentage, there is always a way to maximize it.