B-fund contribution limit?

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12-12-2016, 02:46 PM

Fly FDX

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Thread Starter

Joined APC: Apr 2007

Posts: 124

B-fund contribution limit?

B-fund contribution seems a little low this month. Does anyone know when b fund contributions cease, it wasn't quite clear to me on Vanguard or IRS websites...when you reach $53,000($59,000 catch-up) of contributions or at $265,000 of compensation?

Thanks in advance to the one with the answer.

12-12-2016, 04:29 PM

Albief15

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Joined APC: May 2006

Posts: 2,889

Quote:

Originally Posted by Fly FDX

8% (our rate) x 265,000.

The 53k would apply when you add in your 401k, sick leave buy back, etc. Your B fund will be $21,200 this year if you gross 265k. If you make 300k, its still $21,200 due to the limit. If you make 200k, its $16,000 (8% x 200,000).

12-12-2016, 04:44 PM

EZED

Line Holder

Joined APC: Jul 2007

Posts: 26

If you hit the 53K, before you reach 265, the B fund contribution would cease and you would not max out the company contribution.
After tax savings (think OSP) could theoretically help put you over the max.

12-12-2016, 05:12 PM

kc10/c130

Beaches and Sand

Joined APC: Feb 2007

Position: Chasing Surf

Posts: 368

It is a 415 (C) limit not a contract limit & off of max $265k. 53k was for 2016. 54k for 2017 off of $270k.

Last edited by kc10/c130; 12-12-2016 at 05:28 PM.

12-12-2016, 11:04 PM

Fly FDX

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Joined APC: Apr 2007

Posts: 124

Quote:

Originally Posted by Albief15

My first year over $265,000, yet year to date contribution in MPP is $24,692.60...did anything else pay into the MPP? On was there an error overshooting the $21,200?

12-13-2016, 01:50 AM

Raptor

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Joined APC: Aug 2012

Posts: 711

Quote:

Originally Posted by Fly FDX

My first year over $265,000, yet year to date contribution in MPP is $24,692.60...did anything else pay into the MPP? On was there an error overshooting the $21,200?

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