Questions tagged [true-up]

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2
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0answers
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Is there any downside for an employer to place excess true-up contributions above the 401(k) contribution limit in a non qualified account?

Is there any downside for an employer to place excess true-up contributions above the 401(k) contribution limit (IRS 415(c)(1)(A) (mirror): 54kUSD in 2017, 55kUSD in 2018)) in a non qualified account, ...
3
votes
1answer
323 views

Can a year-end true-up employer match exceed the 401(k) maximum contribution, in which case the employee would past of their 401(k) contributions?

In some firms, the true-up employer match for year X is received the next year (i.e., year X + 1), but it counts toward the 401(k) contributions for year X. One of the main reasons why the employer ...
0
votes
3answers
483 views

Does a 401(k) year-end true-up employer match received in year X+1 for year X count toward the 401(k) max contributions for year X or year X + 1?

In some firms, the true-up employer match for year X is received the next year (i.e., year X + 1). Does a 401(k) year-end true-up employer match received in year X+1 for year X count toward the 401(k)...