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Old 08-13-2006, 09:00 PM   #96
alnorth alnorth is offline
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Join Date: Dec 2002
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Quote:
Originally Posted by Logical
I thought there was a limit to how much a company could match? I seem to recall it being around 16K has that changed?
Hmm... dont know if there is a limit, but I wouldnt be surprised.

If not, youd be unofficially capped on that match anyway. A really generous match would match up to 6% of salary. If 6% is 16k, your salary would be almost $270,000. Most senior managers and executives making that kind of money routinely get love letters from the IRS saying that they are classified as a "Highly Compensated Employee", and thus are only allowed to contribute a smaller amount well under the federal limits, so their match also goes down.
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