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My Settings Guidelines Help

401k limits

Reply
MarkM107720
Contributor
‎11-02-2023 01:54 PM

401k limits

My company/401k investment firm only allows 50% of my wages to be deducted. This level of deduction does not allow me to max out my over 50 additional $7500.  I believe this is form of age decimation? 

 

Example my husband company allows a 75% limit which allows him to max out 401k. Even his 50 catch up.

 

I have seen were in some states a 91% limit is allowed.

 

My company will allow me to exceed the 50% but the investment company will not.

 

Do you think this is a form of age discrimination?

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