Originally Posted by
wiggy
No, dude. Did you look at the total value of the shares when they first went in to your 401k last spring? Mine have more than doubled, actually +112% as of a few minutes ago @$9.07/share....ACL you mentioned something about reaching the IRS limits..isn't that based on the initial share value?..for the most senior guys that was approx. $20k @ $4.26/share.
Correct. What I was saying is that with the 4.26 a share they went in at a really low value. Along with the other company contributions, it is going to be unlikely that anyone except the most senior, highest credit guys will even come close to the max. Point was that with the shares being so low, you can put a ton of your money in there this year and not even have to worry about hitting the limit. It the shares were at 15-20 a share, it would have been a different story.
I was quite happy I got the shares and not the money!