Do Partners still contribute to their 401k? Or do the rules change once you are in the Partnership?

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It depends how comp is structured. If we are classified as Highly Compensated Employees, there are limits what we can do with 401k and how much firm can match. (Google it) Some smart big4 advisories found the way around so Partners are not declared HCE and can get the same 401k benefits as the rest of FTEs.

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Yes

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Holy shit

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Yes

Yes they do but we do our own matching

P2: can you expand on that? You do your own matching in that you could decide to fill your yearly 401k to the full IRS maximum of $55,000?

For Highly Compensated Employees the limit in 2018 is $18,500

MD1: pre-tax limit is $18.5k, total limit is $55k.

P2: what firm? I’m ready to move and bring a big portfolio with me.

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