Has anyone negotiated a custom 401k contribution?
I already contribute the individual max ($19,500), but realized today that I am still far below the combined employer and employee contribution limit ($57,000).
My employer has a standard contribution for all employees (3%). If I had the option, I think it would make sense to adjust my compensation to receive less base salary and have more put into my 401k. For instance, take a $10k pay cut with the understanding that money will be contributed to my retirement account throughout the year instead.
Is this possible? Anything to consider or watch out for?