401k details - Thank You!

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5to9
Posts: 192
Joined: Mon Sep 30, 2013 2:32 pm

401k details - Thank You!

Post by 5to9 »

A big thank you to everyone on the forums who has discussed details of 401k plans. I can't place what thread it was where I learned about this, but our company recently changed 401k policies to one where the match percentage was calculated per-paycheck, and it was possible to not hit the maximum match by contributing too quickly. None of my coworkers caught this, and I am sure I would not have if I hadn't read about it here previously. It's actually not hard to calculate the ratios to be sure of hitting the maximum match before hitting the Federal contribution cap, but I just had to know to go do it.

Thanks!

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