TopHot
Highly Compensated Employee 401K Limits
Highly Compensated Employee 401K Limits My wife works for a fortune 50 retailer. Base compensation is $153K with 10% annual bonus and 15%-20% restricted stocks awarded each year. 401K has a 3.5% match. The plan won't allow contributions greater than 11% of income, citing IRS limits regarding highly compensated employees. Can someone explain why it's set at 11% and if there's anything ...
Category:
