Compass
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Encouraging Employees to Push Savings to the Code Section 402(g) Maximum (PDF)
MJM401k Apr. 26, 2012 "How do you respond when an employee asks you 'how much should I be contributing to my 401(k) plan?' If you are like most plan sponsors, providers or advisors, you will typically respond by beginning a dialogue about how employees should be deferring at least a certain 'percentage' of pay, that this 'percentage' should be high enough to capture the employer match and that this 'percentage' should be increased annually. But if you ask us, our answer is simply this: '$17,000...the maximum the law allows.'" |
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