My company matches a portion of my proceeds and I just went over the $15k mark for the year. My question is, can my TOTAL contributions exceed $15k as long as my personal contribution is limited to $15k and the excess is from company matching funds? If yes, what's the limit on the TOTAL contrib including personal and company matching funds? $43k?
2006-08-18 09:12:32 · 2 answers · asked by Just the Facts, Ma'am 1 in Business & Finance ➔ Personal Finance
Your personal limit is 15K in 2006, which company matching is extra. Meaning 15k+company matching.
43k limit is for self employ
2006-08-18 09:38:15 · answer #1 · answered by Hoa N 6 · 0⤊ 0⤋
the personal limit is $15000. As far as what is the limit of your company, it varies. The only real cap from the government is on your side.
2006-08-18 09:19:16 · answer #2 · answered by Nik 2 · 0⤊ 0⤋