Mustachians......
I have a question into our benefits people and I think this may be a company policy sort of thing, but wanted to ask what people's practical experience has been.
I currently contribute 15% of my income to pretax 401K - with the fairly significant bonus I was just paid, this means I will hit the maximum contribution limit of 18K in the first check in October. My question is will I forfeit the company match for each paycheck beyond that where I am no longer contributing because I have maxed out?
Again, I have a question into our benefits people, but if this is the case, it would obviously make more sense for me to drop down to a percent where I hit the 18K limit on the very last paycheck so I get the full match throughout the year.
Has anyone run into this and can speak what their experience is? I am thinking this is a "company policy" thing, but any thoughts are appreciated.
TC