Originally Posted by
scambo1
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I personally contribute 28% to my retirement each year - in order to hit the 415C (happens around sept) Then the contribution is automatically stopped and restarts automatically in January.
What you're actually hitting is the 402(g) individual contribution limit of $16,500. That's the total aggregate amount you can contribute to all employer qualified plans in which you participate. For you to hit the 415(c) limit your employer would have to contribute more than $32,500 and you would have to contribute $16,500 to a single plan.
I'd like to see more DC as well, but I'd rather see more pay first. 14% is well above average for any plan, much less airlines.