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re: Lump Sum 401k Contribution

Posted on 8/1/22 at 2:13 pm to
Posted by TheWiz
Third World, LA
Member since Aug 2007
11685 posts
Posted on 8/1/22 at 2:13 pm to
I forget the term but make sure they "true up" or something like that. It entails getting your entire match for the year vs. that one time pay period contribution of your match. Someone in the know correct this abomination I just posted.
Posted by JumpingTheShark
America
Member since Nov 2012
22927 posts
Posted on 8/2/22 at 9:17 pm to
I think you may be referring to catch up contributions which is the right for people over a certain age to contribute more than the standard limit annually to their 401k

Edit: I was mistaken, thanks for the explanation
This post was edited on 8/4/22 at 9:31 am
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