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Brown Cafe UPS Forum
UPS Retirement Topics
Exceeding Maximum 401k in 2020
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<blockquote data-quote="Jackburton" data-source="post: 4844607" data-attributes="member: 34538"><p>Fails, dealt with this a few years back. Because of the pension, there’s an abnormal amount of people that don’t contribute to the 401k, resulting in us failing every year.</p><p></p><p>I max my Roth401k with the Prudential every year, was returned about 5k of 19k or 18k, can’t remember, whatever the max was, due to being classified as a highly compensated employee. That tax year, I think I did 135k, can’t remember off the top of my head </p><p></p><p>I’ve since made around 120k and haven’t had a problem going forward.</p></blockquote><p></p>
[QUOTE="Jackburton, post: 4844607, member: 34538"] Fails, dealt with this a few years back. Because of the pension, there’s an abnormal amount of people that don’t contribute to the 401k, resulting in us failing every year. I max my Roth401k with the Prudential every year, was returned about 5k of 19k or 18k, can’t remember, whatever the max was, due to being classified as a highly compensated employee. That tax year, I think I did 135k, can’t remember off the top of my head I’ve since made around 120k and haven’t had a problem going forward. [/QUOTE]
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Exceeding Maximum 401k in 2020
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