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Erisa Rules For 401k In Dallas
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State:
Multi-State
County:
Dallas
Control #:
US-001HB
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Making sense of the data below: CompanyMatchType Biogen 6% of compensation 200% match Amgen 5% nonelective + 5% of compensation Nonelective + full match Boeing 5% nonelective + 8% of compensation Nonelective + partial match Southwest Airlines 9.3% of compensation Full match31 more rows •
What is the annual compensation limit? The annual compensation limit is $350,000 for 2025. Here's how it could impact your 401(k) contributions if you're a high-income earner.
401(k) Portfolio Allocations by Risk Profile An aggressive allocation: 90% stocks, 10% bonds. A moderately aggressive allocation: 70% stocks, 30% bonds. A balanced allocation: 50% stocks, 50% bonds. A conservative allocation: 30% stocks, 70% bonds.
What Is the Employer Match 401(k) Limit? The most an employer and employee can contribute together for 2025 is $70,000 if the employee is under 50 or $77,500 if the employee is 50 or older.
Generally, a plan may require an employee to be at least 21 years old and to have a year of service with the company before the employee can participate in a plan. However, plans may allow employees to begin participation before reaching age 21 or completing one year of service.
Note that any employer match doesn't count toward an individual's 401(k) annual contribution limit ($23,000 in 2024 or $30,500 for those 50 and up). However, the combined employer match and employee contribution in 2024 cannot exceed $69,000 or $76,500 for those 50 and up.
A safe harbor 401(k) plan is similar to a traditional 401(k) plan, but, among other things, it must provide for employer contributions that are fully vested when made.
$69,000 ($76,500 including catch-up contributions) for 2024; $66,000 ($73,500 including catch-up contributions) for 2023; $61,000 ($67,500 including catch-up contributions) for 2022; $58,000 ($64,500 including catch-up contributions) for 2021; and $57,000 ($63,500 including catch-up contributions).
ERISA also does not cover plans maintained outside the United States primarily for the benefit of nonresident aliens or unfunded excess benefit plans.