tacotruck2112 t1_jaf0ser wrote on February 28, 2023 at 11:29 PM

Reply to Do I continue to max my 401k in this economy? by melock16

Skate to where the puck is going, not where it is.

tacotruck2112 t1_iu64smq wrote on October 28, 2022 at 8:57 PM

Reply to HEC thresholds/401K contributions by inima23

If you earned less than $130k at that company in 2021 (and are not a 5% owner), then you are not HCE in 2022 and may contribute as much as you want up to irs limits.

If you will earn more than $135k in 2022 (and still not an owner), then you probably are an HCE in 2023 and may be limited in 401k next year. Generally, HCEs may contribute up to 2% of pay more (on average) than the average contribution rate of NHCEs.