Author Topic: Maxed 401k and Bonus  (Read 408 times)

Steeze

  • Bristles
  • ***
  • Posts: 356
  • Age: 32
  • Location: NYC Area of Earth
Maxed 401k and Bonus
« on: June 19, 2019, 12:29:44 PM »
Hypothetical : if 401k, IRA, HSA contributions are maxed for the year and I receive a sizable year end bonus, is it feasible for my employer to pay that entire bonus into my 401k up to the yearly limit? Do 401k plans typically allow an employer to pay performance bonuses into the plan above the %match that everyone gets?

EvenSteven

  • Bristles
  • ***
  • Posts: 273
  • Location: St. Louis
Re: Maxed 401k and Bonus
« Reply #1 on: June 19, 2019, 12:33:25 PM »
I don't think so, they have to be uniform for all employees.

walkwalkwalk

  • Stubble
  • **
  • Posts: 235
Re: Maxed 401k and Bonus
« Reply #2 on: June 19, 2019, 12:38:03 PM »
No, it would most likely break the 401(k) plan's terms.