Originally Posted by Andy

To clarify this further, the limit for employees is multipart:
(1) $18K ($24K for 50+) into Pre-Tax or Roth 401k.

Once (1) is filled, you can:
(2) Contribute Post-Tax up to the $60K maximum. However, you have to subtract (1) [$18k/$24k] and employer 16% contributions.

Once there is a total of $60K deposited into your 401k for the year ($60K is the 415c1 limit), all further employer 16% contributions 'spill' over into your RHA VEBA.



To illustrate with my 2016 contributions (limit was $59K; 2017 limit is $60K), my 401k was funded:
(1) $24K Pre-Tax (I could have chosen Roth),
(2) $20,800 Post-Tax (rounded for simplicity)
(3) $14,200.00 employer 16% (rounded for simplicity)
After reaching $59K, all of my employer contributions spilled into my RHA VEBA


Outside of the Profit Sharing check, you can elect to fund your 401k through the Schwab PRAP page: https://www.schwabplan.com/Net2/cmsp...PRAPlogin.html


I hope this didn't muddy the waters.

Originally Posted by AV82SKI

One note for the under 50 crowd, the 415c1 contributions for 2017 is $54,000 (total of up to $18k you can contribute + the companies 16%).

Hey Andy, in your example the $20,800 + $14,200 is the companies 16%, is that correct? Is there some limit on post tax money I can contribute? I thought I had ALL of my contributions set up as a Roth 401k, all post tax. Just curious why you have it split? I realize there are advantages to both pre and post tax contributions.

Originally Posted by Andy

If you put 100% into your 401k Pretax, about 90% of your profit sharing amount will go into your 401k. That's close enough for .gov work. Please post the amount you had go into your 401k after it's deposited for future reference.

Originally Posted by Winston

PS checks finally posted. I made a 100% contribution to the 401k but after Fed/California taxes and ALPA dues, only 86.6% of it made it into the account.

Originally Posted by awax

So.....the statement posted almost a week early and you paid less than 15% in tax and dues. Whiner.

Originally Posted by jdt30

So we can't even complain about taxes now?

Originally Posted by awax

Most lump sum payments are taxed at 30%, half that means more money in your pocket. But by all means, complain away.

Originally Posted by jdt30

I know what it is taxed at, but why give someone $h!/ for complaining about paying taxes. For someone that has been based in the OK, you've lost the laid back feeling.

Originally Posted by awax

So.....the statement posted almost a week early and you paid less than 15% in tax and dues. Whiner.