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Old 09-20-2010, 11:55 AM
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Default Fdx 401k

Do the 401K deductions stop at the contribution limits or do you have to "turn them off" yourself? I thought they stopped auto-magically, but it seemed to overshoot a little this year.
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Old 09-20-2010, 12:03 PM
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Originally Posted by Fly FDX
Do the 401K deductions stop at the contribution limits or do you have to "turn them off" yourself? I thought they stopped auto-magically, but it seemed to overshoot a little this year.
Auto stops. I think the limit went up to $16500 this year. If you turned 50 sometime this year you can add an additional $5500

Last edited by Overnitefr8; 09-20-2010 at 12:05 PM. Reason: corrected limit
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Old 09-20-2010, 01:47 PM
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Originally Posted by Overnitefr8
Auto stops. I think the limit went up to $16500 this year. If you turned 50 sometime this year you can add an additional $5500
That's where mine stopped. $16500 plus $5000 catchup.
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