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UPS Discussions
Pru 401(K) just started showing up in paycheck?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1599154" data-attributes="member: 12570"><p>The max you can contribute is 35% and if you reach the annual limit before the year is over UPS will stop the withdrawals from your check so if you goal is to max out your 401k in 52 equal contributions per year you should take the annual limit ($18K) and divide that by 52, which equals approx. $346. You would then take your average gross pay and divide that by $346, which will give you your contribution percentage. Let's say you gross $1,000 to make the math easy. $346/$1000 = 34.6%</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1599154, member: 12570"] The max you can contribute is 35% and if you reach the annual limit before the year is over UPS will stop the withdrawals from your check so if you goal is to max out your 401k in 52 equal contributions per year you should take the annual limit ($18K) and divide that by 52, which equals approx. $346. You would then take your average gross pay and divide that by $346, which will give you your contribution percentage. Let's say you gross $1,000 to make the math easy. $346/$1000 = 34.6% [/QUOTE]
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Pru 401(K) just started showing up in paycheck?
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