Is the $18,500 cap for 401K eapplicable to employer matching?

The $18,000 cap is the max amount you can contribute. The match does not count towards your cap, it has a seperate cap.

EDIT: $18,000, not $18,500.

$18,000 cap is for individual contributions.

$53k, combined cap

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$53k, combined cap

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Ya, I'd probably do whatever I wanted outside of work if they were filling my 401k up to the limit.

Probably turn into a real snooty SOB

Also note that if you're considered a highly compensated employee (HCE) you limit may be lower. Not sure how to find out normally, but voya informed me through there system when my fiance got close to her limit. She maxes out at like 14k.

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I get employer matching up to 6%

That good?

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If it's 100% match up to 6% then that's fairly good. On average I'd say most companies match less that. My company matches 6% plus an optional 0-4% based on company performance. It used to be just 4%, but then they froze the pension plan.

The last 3 years we've gotten an extra 2% for a total of 8% match per year which is very nice.

followup question. Say I am on pace to contribute more than $18,500 this year. Will my employer automatically stop withdrawing from my paycheck, or do I need to change my withdrawal %?

Also just for another data point, my company matches 100% up to 5%. But they also contribute another 5% (based on my years of service) without needing me to contribute. So, if I put up 5%, my 401k really gets 15%. I think this is pretty good, but we don't have any kind of pension or other retirement savings vehicle.

Dope. thanks.

Not sure. I'm only 36. My company uses fidelity to mamage our 401ks as well.