Originally Posted by
dmeg13021
pedantic. The $350000 compensation cap results in a (x 17%) limit of $59.5k. Capped by IRS code and CBA.
Neither you nor your employer can put more in your PRAP than $69k (plus catch up) this year.
You obviously didn’t read the whole exchange. People keep referring to 59.5 as an IRS limit. It is not. The difference is important to understand particularly when negotiating pay rates vs DC rates.