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Employer mandating $2000 in monthly 401K contribution but not investing 1st yr’s contributions in the target date fund until next year…
Employer mandating $2000 in monthly 401K contribution but not investing 1st yr's contributions in the target date fund until next year... I'm a highly compensated employee by the IRS's definition, located in CA, working as a dermatology Physician Assistant/Associate in a large multi-practice group with well over 100 employees. When I enrolled in my 401K plan in July 2023, I authorized $1000 monthly contributions, starting low so that I could throw more at my student loan payments ...
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