My guess is that the match (like profit sharing contributions) would be at the time they are made.If the match is deposited the following year, does it still count towards current year contributions for total contributions to 401k or it goes towards next year’s limit? For purposes of calculating mega backdoor Roth space. I never could get a confirmed answer from my HR on this and so I just counted towards this year’s limit when putting in my deductions, and I guess I will know once I get my W2, but curious to hear other people’s experience.
But thinking about it more I know that when an actuary is determining maximum profit sharing for an employee with the profit sharing payments always being made in the next year .... that profit sharing 's maximum is determined by the amount of employee contributions and matches for the year.
To be clearer.
2024 - employee contributions made
2025 - match and profit sharing contributions made
All described for 2024 / 2025 used for determining maximum profit-sharing contribution for 2024, i.e., 2024 total limit for retirement contributions.
Statistics: Posted by yankees60 — Mon Dec 23, 2024 12:55 pm