Hi FPers- I was recently informed by my company that the IRS determined its 401k favors highly compensated employees (HCEs) "unfairly" (I can only assume many employees don't sign up for the 401k). I got a letter from the company saying I (an HCE) can now only contribute $Xk (way less than the $18k limit). But I am also the one responsible to change my 401k withholding. My question: What happens if I don't, and continue my (maximum, $18k) that automatically renewed from 2016?
Submitted May 10, 2017 at 10:05PM by 4zero1notok http://ift.tt/2qtTJCl
