How can Highly Compensated Employees Maximize Their Employer's 401(k) Match?
Many highly compensated employees are not taking full advantage of their employer's matching contributions. If, for example, your contribution percentage is so high that you obtain the $18,000 (year 2015) limit or $24,000 (year 2015) limit for those 50 years or older in the first few months of the year then you have probably maximized your contribution but minimized your employer's matching contribution. The goal is to reach the IRS limit while at the same time maximizing your employer's matching contribution and thereby maximize take-home pay.
The information provided here is not intended to provide investment advice or portray actual investment results. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should only be relied upon when coordinated with individual advice from qualified professionals.
Mercer HR Services, LLC does not endorse and is not responsible for the content, or any of the policies, activities, products or services offered by CalcXML.
Mercer HR Services, LLC does not endorse and is not responsible for the content, or any of the policies, activities, products or services offered by CalcXML.
