- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Dammit - I got an unexpected $3000 check in the mail
Posted on 4/6/14 at 4:56 pm to reb13
Posted on 4/6/14 at 4:56 pm to reb13
quote:
I'm assuming this only happens in smaller companies?
Nope. I have a friend that works at a publicly traded company with > 15k employees. In 2012 they capped him at $8k annual contributions and he definitely is not a HCE, although in his company he must be considered a baller. My wife makes almost as much as him working 4-days a week at a different company and is allowed to max out her 403b + has a defined pension plan.
1
Posted on 4/6/14 at 5:15 pm to tirebiter
quote:
In 2012 they capped him at $8k annual contributions and he definitely is not a HCE
This may be a different issue where they can only defer a certain percentage of salary, say 20%. That was common at one point. Now most plans allow up to 80% of salary deferral. This is done also to allow Lower wage employees a better chance of hitting the government established contribution limitations.
If they limited your friend based on other employee contribution percentages he is a HCE or is family to the owner or is an owner. No other way they can limit him.
This post was edited on 4/6/14 at 5:20 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News