Wt what point are IRA contributions reduced or eliminated when contributing to a 401k or a 403b?
Bobof WI12:35PM January 21, 2010
FedEx's Inhumane Treatment!
In May 1998, A FedEx Manager, Tim Cecil denied me time off to attend my Father's funeral in New York. I did not receive a sympathy card from Tim, and no flowers were sent to my Father's funeral. I specifically asked for time off to grieve my Father or to attend the funeral. With emotional pain and tears in my eyes, I had to grieve my Father, John Henry Holt at work. FedEx says, Tim used "poor judgement" to justify their Discriminatory practices at the Elizabethtown, KY station. This was Deliberate! Tim also denied Jose Deleon time off to attend his Stepfather's funeral. Because of my pending lawsuit I was fired on Sept. 25, 2009. I remember Manager, Kevin Hart saying, "Johnnie, I am going to make it short and sweet, you are fired!" This was Wrongful Termination and Retaliation! My work record is 25 years of loyal service, 23 years of Safe Driving and 16 years Perfect Attendance. FedEx is a Cruel, Callous and Defiant company.
This is why FedEx needs a Union!!! Go to You Tube, search word: FedEx Inhumane Treatment.
Johnnieof KY12:46AM December 28, 2009
The company match does not count towards the $16,500, only the employees portion. However there are some much higher limits that include all contributions that higher earning and contributing employees may need to be aware of. While I do not have the exact current amount at this time, it is in the range of $40,000 - $42,000 annually as I recall. Check with your company's 401k plan admisitration team for additional information. You should be able to get a contact person from your Human Resources department.
I hope this helps.
Don Bowmanof CA4:05PM December 22, 2009
If an employer makes a matching contribution, does that money count against the $16,500 annual cap on contribution or does that apply only to the employee contribution?
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Bob of WI 12:35PM January 21, 2010
Johnnie of KY 12:46AM December 28, 2009
Don Bowman of CA 4:05PM December 22, 2009
Dick of MA 5:35PM December 19, 2009