EY - did anyone else have 401k $ taken out of their bonus today? I don't think they have ever done that before.

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Yes my 401k deduction was larger this paycheck

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It always has done this

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Yep.

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This was new this year. It went along with the changes to the pension plan.

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Well then I'll admit I have no clue, it was taken from all of mine but it may be deducting because I do both pre and post tax? I would have contributed it anyway, I like hiding money from myself, and where would I have spent ALL THIS MONEY IN ONE PLACE? I could have bought a nice set of matching luggage tags.

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OP, this happened to me last year. I maxed out in November and there's no more match from the firm. Bonus deduction or pay hike in Oct threw me off the plan I guess. But yeah it's wise to get the match until dec 31st

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Yep. Throws off my planning. Imma max out soon.

No it hasn't. I checked last years paycheck

EY OP were you fairly new to the firm a year ago? There is a period of time the deductions don't go. But I can go back years and it always came out (perhaps I opted in to this somehow, or you opted out?)

Does the deduction automatically stop if you hit the cap, or do I gotta figure that shit out?

I don't know if it stops when you hit the cap. I hope so because I'm about to hit it and have been wondering the same thing. You would think they would have to stop it...or give you a big check at the end of the year.

Yeah I accidentally contributed 1k more than normal

I called fidelity yesterday. It does automatically stop if you hit the cap, but they rep was not sure if I would receive the firm match during pay periods after I maxed out so he recommended reducing my percentage so I don't max out until December 31

I don't understand this. 3% is 3%. Can you explain further because I am not following?

Since EY does the matching every pay period now, he was worried that I might not get the match in pay periods where I contribute 0 because I had already maxed out for the year. It might not be an issue but it was a "better safe than sorry" type of thing.

But aren't they matching the 3% during the pay hikes/bonus? Wouldn't they reach the max the same time you do? They changed it this year so they are giving your match more frequently and last year I believe it was just one deposit during the year.

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