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Chris W. Rea
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How does one get the 401K401(k) max contribution of 57K?

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kylex
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How does one get the 401K max contribution of 57K?

My understanding is that the max individual contribution for 2020 is $19,500.

If employer match is 100%, that gets us to a total of $39,000.

How does one max out the combined employer/employee contribution to $57,000?

Where is that extra $18,000 potentially coming from?

Source: https://www.investopedia.com/retirement/401k-contribution-limits/