Questions tagged [true-up]
The true-up tag has no usage guidance.
4 questions
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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)...
- 11.5k
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Is a year-end true-up employer match supposed to be received the next year?
I was browsing a 401(k) account, which has a year-end true-up employer match and is managed by Vanguard. The employee who owns the 401(k) account joined the firm in 2017, and frontloaded their 401(k) ...
- 11.5k
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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 ...
- 11.5k
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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, ...
- 11.5k