Brian Gallagher Posted November 21, 2002 Posted November 21, 2002 I think I read in a thread here, that once a participant reaches $200,000 in compensation for the year, he or she cannot defer to a 401k any more. is that true? does anyone ahve a link to that thread? i can't seem to find it. any help is appreciated. Remember: two wrongs don't make a right, but three rights make a left.
pmacduff Posted November 21, 2002 Posted November 21, 2002 Brian - try this.... http://benefitslink.com/boards/index.php?showtopic=17117
Appleby Posted November 21, 2002 Posted November 21, 2002 What the rule says is that $200,000 ( or the compensation cap under IRC Sec. 401(a)(17) ) is the maximum compensation that may be taken into consideration when determining plan contribution limits. Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
Brian Gallagher Posted November 21, 2002 Author Posted November 21, 2002 thanx all. jsut what i was looking for. Remember: two wrongs don't make a right, but three rights make a left.
Brian Gallagher Posted November 21, 2002 Author Posted November 21, 2002 just Remember: two wrongs don't make a right, but three rights make a left.
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