slug wrote:Thank you for the replies. I was afraid of that.
BTW my new employer has apparently failed for the last 8 years. They are just now starting to consider methods to fix the problem.
WhiskeyJ wrote:The company I work for was acquired last year. We used to be able to get to about $13K in 401(k) contributions before we failed the discrimination test. I just got a notice that the mid-year calculation shows that $6500 is likely to be the maximum contribution for HCEs. Unfortunately the combined companies have 20,000+ employees so I doubt there is much chance of changing this.
I had contributed $9K already, so I immediately stopped. I assume they wait until after the end of the year to do the refund, correct?
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