1016
Future Insight – The Jenkins (thejenkinscomic.files.wordpress.com)
submitted 1 year ago by otter@lemmy.ca to c/comicstrips@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] ALoafOfBread@lemmy.ml 4 points 1 year ago* (last edited 1 year ago)

The limits on 401k contributions are federally regulated and are set as a nominal amount.

Employers often have employees select a percentage of their income to contribute, and for very high income earners, 15% might be over the federal limit. Also, employers can match employee 401k contributions. That is usually a percentage match of annual salary up to a given limit (e.g. 2% of salary up to $3000).

this post was submitted on 03 Oct 2023
1016 points (97.4% liked)

Comic Strips

12443 readers
3322 users here now

Comic Strips is a community for those who love comic stories.

The rules are simple:

Web of links

founded 1 year ago
MODERATORS