![]() |
|
Originally Posted by scambo1
(Post 1734792)
I already got it. It put me at 112 for the month.
|
Originally Posted by RetiredFTS
(Post 1734652)
Will we receive a15% contribution to our 401k based on this PS deposit?
|
Originally Posted by Timbo
(Post 1734798)
I just went back to look at my last Profit Sharing payout from Feb. 14, and yes, they did add to the payout with an additional 15% DPSP contribution.
|
Originally Posted by CheapTrick
(Post 1734814)
So my question is: If my 401k maximum has been met for the year, what happens to the 15% I'm supposed to get from this unexpected profit sharing payout? Do they pay it and refund my contribution?
The 15% goes to your DPSP. There's a 401k limit of $17,500 but then there's also a 415 limit of $52,000 (for 2014). The 415 limit is the combination of 401k and DPSP. The 15% will go to your DPSP unless you have already hit the $52,000 limit in which case it will be paid to you as regular wages. |
Originally Posted by CheapTrick
(Post 1734814)
So my question is: If my 401k maximum has been met for the year, what happens to the 15% I'm supposed to get from this unexpected profit sharing payout? Do they pay it and refund my contribution?
|
Originally Posted by CheapTrick
(Post 1734814)
So my question is: If my 401k maximum has been met for the year, what happens to the 15% I'm supposed to get from this unexpected profit sharing payout? Do they pay it and refund my contribution?
I called Fidelity last week and they told me our payroll department would prevent us from going above the pre-tax 17.5k limit. He said there is no way we can go above the 17.5 pre-tax limit, there are to many preventative measures in place. However you can still make a post-tax contribution. BFS |
Originally Posted by Timbo
(Post 1734825)
I think you'll just get it in addition to the PS, as 'cash' and pay taxes on it of course.
|
Originally Posted by scambo1
(Post 1734792)
I already got it. It put me at 112 for the month.
|
|
Originally Posted by sailingfun
(Post 1734831)
The 15% is not covered under the 401k limit. It is covered under a different limit for total retirement funds which is around 52,000. If you have exceeded that it will be paid in cash.
|
| All times are GMT -8. The time now is 06:44 PM. |
|
Website Copyright © 2026 MH Sub I, LLC dba Internet Brands