unlicensedpotato wrote:RaceJudicata wrote:Anonymous User wrote:
This is only half true. It's better than just getting the money and then contributing yourself because I can add more to my 401k now. I get my own 18k limit, plus the 5% whereas otherwise I would only get to contribute 18k.
which means my total tax deffered is 18k + 5% of base. At another firm, you only get 18k tax deferred. A small distinction, but worth a few to several thousands of tax savings.
Are you sure about this? Fairly certain the max you can defer into a 401k is 18k per year, regardless of the source. Definitely could be wrong though.
There's a combined employer/employee contribution limit, but it was $53k for 2015. The $18k limit is for employee contributions.