NEC/401K limit question
08-23-2024, 05:25 PM
#22
Gets Weekends Off
Joined APC: Dec 2023
Posts: 533
08-23-2024, 05:28 PM
#23
Gets Weekends Off
Joined APC: Jun 2021
Posts: 398
08-23-2024, 05:29 PM
#24
Gets Weekends Off
Joined APC: Aug 2020
Posts: 115
08-24-2024, 05:14 AM
#25
Gets Weekends Off
Joined APC: Dec 2023
Posts: 533
Yeah thats right. How's that ramp job holding up for you? I hear the lav truck jobs goes pretty senior is that true, seems like that job would fit you perfect.
Last edited by 5tools; 08-24-2024 at 05:31 AM.
08-24-2024, 06:57 AM
#26
Gets Weekends Off
Joined APC: Mar 2008
Posts: 3,906
Just to be clear, there are two limits, the 415(c) limit and the 401(a) limit. The 415(c) limit is a contribution limit that tells you how much can go into your plan, from any source. Your personal 401(k) contribution limit is a sub-limit of that. The 401(a) limit is a compensation limit. Once you hit that number, any contributions, from any source, shuts off. What happens after that depends on whatever your contract says.
08-24-2024, 02:43 PM
#27
At your mom's house
Joined APC: Jun 2008
Position: cpt 737
Posts: 2,798
There is a great diagram using a pipe model on the SWAPA website and someone has an excel version that you can plug your numbers into to see options. You still get the money as spill cash or you can select other options. The NEC never really ends, though. You still get it.
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