{ "media_type": "text", "post_content": "is the yearly 401k max based on your contribution only? or your contribution + employer match??", "post_id": "5f06866d79472d0021458f03", "reply_count": 7, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

is the yearly 401k max based on your contribution only? or your contribution + employer match??

like
Posting as :
works at
You are currently posting as works at

Your contribution maxes at $19.5k. If your employer contributes (either through matching or other bonus contributions), the total max for 2020 is $57k (unless you’re in a catch-up age bracket).

like

Some employers give a %, not a match. Or bonuses go to 401k. Some managers at a former employer would hit the then ~45k total max between their contribution max and a 9% company (non-match) contribution.

Your contribution only

like

Until you hit the total cap

Employer contribution is excluded from your annual max contribution

Oh I did not know this thank u

Related Posts

How much money do you save/put aside each month (not including 401K)

like

22 y/o been working at B4 for 3 months now. Have around 25k saved in the bank, 0 debt and contributing 6% to Roth 401k. I’m looking to keep investing in something other than the stock market and don’t tell me BTC. Please tear my portfolio apart.

Post Photo
like

First day back on the job after paternity leave. Never had a harder time leaving the house than this morning...

like

How difficult is it to pivot out of healthcare? Applied to be a business analyst for current company (1.5 years in) but am more interested in different industries. Thoughts?

like

Please talk me out of ordering the new ford bronco for 50k. Background: 26 y/o 2020 grad. After taxes, 401K, and HSA I take home ~6100/month. My current car is 13 years old and on its last leg(s). Current debt is 850/month for income based student loan repayments. I have 6 month emergency fund in savings and 20% of net income goes to brokerage account. Growing up lower middle class my only “I’ve made it” purchase is a bad A double S vehicle I actually want. I also get double steak at chipotle.

likefunnyhelpful

Does anyone know what Discover's tuition reimbursement plan is? Do you have to work there for a certain length before being eligible or a contract for how long you must remain there afterwards?

like

My work was very understaffed prior to COVID. I hope the healthcare industry learns from this experience and increases staffing appropriately.

likesmart

My husband and I (both 27) max out our Roth IRAs each year, have a complete emergency fund, and I’m able to start maxing my 401K this year (he contributes 10% to his 401K - it isn’t possible for him to max his based on his current pay). We contribute 18% extra towards principal on our mortgage each month. We now have about $20k of additional savings we want to figure out what to do with. What would you recommend to someone who is new to stocks/investments?

like

“Per diem” meal expenses are EXPLOITATION. $50 is not enough for a single meal at a hotel restaurant, let alone an entire DAY for food. Shifting travel costs onto your employees = evil. Yes i mad :<

likefunnyhelpfulsmart

Second year Consultant who came from a benefits broker. I feel like I am very much still learning the ropes of consulting. Was asked to help on a deck for proposal work for something I have no background/knowledge in. Told by the partner that I wouldn’t be creating content just story boarding and managing and organizing in the deck. The manager, familiar with the proposed solution, however seems to be annoyed with me that I didn’t create content. Not sure what to make of this?

like

How can I become more “okay” with being an average performer? I’m two years out of school and have been considered a high performer so far, but it’s taken a toll on my mental health and I feel anxious most days. I’ve realized that the cost of being a high performer outweighs the benefits, and am trying to loosen up and be more comfortable with coasting on occasion... I’m what people may consider an insecure overachiever. Has anybody here ever had the same feeling?

likehelpfulfunny

Apologies if this was already asked but what is the tuition reimbursement for MBB? Accenture gives you $100k. I heard MBB covers it in full and gives you a reduced salary during those 2 years.

like

Looking to get into healthcare somewhere in the big 4! Someone point me in the right direction! No real preference what firm as long as the healthcare team is strong...any advice?

like

How many people changed careers or wanted to change careers as soon as you returned from maternity leave? You or people you know? I couldn’t care less about advertising right now.

like

Been doing a lot more 401k biz and want to eventually do that alone. Want to complement the 401k with group DI/group life. Is it possible with smaller companies? What about group life? Any experience?

like

Best firm for financial tax in Seattle area? In terms of the team vibes, company culture, growth opportunities, benefits and pay, work life balance.

like

I saw a Harvard? study circa 2013ish that said effectively “be most conservative when you retire and get more aggressive as you age”. But can’t find it now. Anyone seen this and know where to find it?

like

Best consulting firms for healthcare providers?

I have an Economics undergrad + 3.5 year experience in healhcare/lifesciences consulting. If I pursue an MPH or MHA, what would be my non-consulting healthcare career options?

like

Additional Posts

Has anyone had trouble applying at the German embassy in the US? I am aligned to the Chicago but they are completely sold out. I am asking them to allow me to book at a different location (contd.)

Anyone here have experience boomeranging back to their original b4 firm within a year of leaving for a diff b4? Does this look bad on a resume?

like

How is PWC ? How much difficult interview process, Workculture ? Any experiences pls share guys?

like

End goal: strategy at a large industry player (auto, apparel, etc) Is it more logical to use the mba to jump right into those companies or use the mba to get into Mbb/tier 2 and then jump?

smart

One of my friends having issue in booking slot for Accenture interview. Whatever the slot he tries to choose always getting message like "Waitlisted (The slot is not available at the moment. We will confirm to you soon.)" . Even if he tries to book, it is getting cancelled. Same was informed to HR but not much help from them. How to get the interview slot confirmed. Any idea?

like

🤝 Pay it Forward: Drop a piece of advice or wisdom that has seriously helped you in Life or Career! Help another user and pay it forward. 👇

like

Thoughts on going with Fidelity to get my licenses (63,7) while still a junior in school. I have an offer from Goldman for an internship next summer but I’m leaning towards fidelity because they will pay for my school and I can start making money while still in school. Any advice would be appreciated.

like

Looking for Pwc deal delivery mgr level salary range.. any pointers will be helpful! Tia

like

Just promoted to M1 in Michigan. Base salary is now $88,300 (+4% bonus of $3k for total of $91,300). Wondering how this compares to others out there, and if I should be happy or disappointed, lol.

Hello All, Any insights about the Salary/ Compensation for Business Systems Analyst with 4 years exp and master's degree. Currently on H1B. Location: Dallas, TX level: yet to conform TIA

like

What are the career path levels at West monroe. Like what does a promotion look like for a senior consultant? would they become a principal, architect, or manager ?

like

Anyone in LA in search of an Account Director or similar client side role? Auto, FinTech, Retail experience.

like

I got my h1b extension approved recently, however my wife's h4 is still in progress. Can I switch employers while her h4 is pending?

like

What's for compensation for EY's PPM? Senior consultant role

likehelpful

Do attorneys in tax have the same exit ops as the accountants? Is a CPA necessary in industry or would the law license be sufficient like it is in B4?

like

Flew United Toronto to Boston and then air canada (also part of star alliance) Boston to toronto. Flights were roughly the same price but I got a quarter of the United points. Should I only fly United

Post Photo
like

Hello guys, I want to make a switch in Deloitte, EY or pwc preferably in the field of Data analytics and visualisation. I've 2.5 years of experience in BI Reporting, Data Visualization, Dashboard Implementation, Process Automation & Custom Macros Scripting(Tableau, SQL, VBA). I'm currently working with Infosys in Pune. Can anyone help me out in the referral process? It would mean a lot to me 🙏

like

Did not get a raise or bonus this year for being "too aggressive" lol

like

I submitted my application to Tuck at 1am ET on 9/2.. do you think I’ll still be eligible for the guaranteed interview they offer if you apply by 9/1? Should I ask the adcom?

like

How can I set the stage this year to negotiate a lower billable hours expectation instead of a raise? As a woman I'm hesitant to be open about my reason: I want more time at home with my kids. I lateraled to this firm a year ago for WLB and they are indeed flexible on WFH which helps. Salary is a bit below average for mid-size firms like mine in my area, and I didn't get a raise or bonus this year because I didn't hit the billable target (1900). Ideally I'd keep my salary but go to 1600 hours.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal