Reply to Maxing out 401k contributions at 18%?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Limit changes yearly.

Some employers will do a true up - I.e if I contribute $18,000 in January, then don't contribute anything else all year, the employer will match what they would have had I spread it out at the end of the year.

Not all employers do that or offer that. In general my rule is to max out with the dec 1st paycheck. My firm will true up the remaining 30 days and in the interim the extra $$ is basically an automatic fund for Christmas gifts.[/quote]

This provision needs to be written into the plan document. It's not just something they can do at the end of the year, if it's not an already present provision.[/quote]

Hence why I said not all employers offer that.[/quote]

Understood, but simply saying 'not all employers do that', to people who are self-described financially illiterate doesn't necessarily read they can't per the plans governing guidelines without updating them, it may read my company doesn't do that NOW but if I pester them enough, maybe I can change it.[/quote]

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