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Old 12-12-2012, 02:25 PM   #21
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In 2011 my 401(k) changed whereby company match no longer applied towards the individual limit.

I actually went over limit in a previous year because I didn't comprehend that the match was accounted for as "my money".

Just FYI. Not an accountant or financial advisor.
The company match should never have counted towards your contribution limit for the year.
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Old 12-12-2012, 03:17 PM   #22
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The company match should never have counted towards your contribution limit for the year.
Technically, it wasn't a company match. Lots of confusion. Say 100,000 people had a match. Other 25,000 employees had 4% in their check. It wasn't categorized as a match. So if you maxed, and added 4% thinking it was a match, you were over.
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Old 12-12-2012, 05:19 PM   #23
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Technically, it wasn't a company match. Lots of confusion. Say 100,000 people had a match. Other 25,000 employees had 4% in their check. It wasn't categorized as a match. So if you maxed, and added 4% thinking it was a match, you were over.
I guess you confused me by referring to it as a match in your post #20.
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Old 12-12-2012, 05:27 PM   #24
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I guess you confused me by referring to it as a match in your post #20.
Sorry about that. I need to go back in time and see what they called it on pay stub. I know that participants called it a match. Here it is: CODA.

As gov't has been bringing pressure on companies about 401(k) fees, etc., we now benefit, as the company had to unify its separate 401(k) plans. So a match is now a match. Just noticed the 4% match does not appear on pay stub each week. It does show up in the 401(k) account, though.

I'm a slow learner. Took me two years to realize the match is not recorded on pay stub.
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