Do you make use of 401k NRATs?

[jfoxcpacfp]

Are you missing out on extra 401k contributions? Our September newsletter focuses on getting the maximum possible into your 401k every year. I don't mean $18k/$24k - I'm talking about $53k/$59k. There is almost a 50% chance that you qualify to do so, but you may not know about it.

Read Get $53k into your 401k every year and you can sign up for our free monthly newsletter (which is loaded with tricky sales tactics - NOT) by clicking on the Subscribe Now button here.

[M]

Thanks, Johanna. That article was really helpful. I've emailed my HR department and will definitely take advantage if offered.

Update: not offered here.  Bummer.

[jfoxcpacfp]

M wrote:

Update: not offered here.  Bummer.

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So sorry - maybe you and your co-workers can campaign for a change. It really shouldn't make any difference to your employer (no costs) and it's a great benefit. I think the main problem now is simply ignorance about the change in tax laws.

[litovskyassetmanagement]

jfoxcpacfp wrote:

Are you missing out on extra 401k contributions? Our September newsletter focuses on getting the maximum possible into your 401k every year. I don’t mean $18k/$24k – I’m talking about $53k/$59k. There is almost a 50% chance that you qualify to do so, but you may not know about it.

Read Get $53k into your 401k every year and you can sign up for our free monthly newsletter (which is loaded with tricky sales tactics – NOT) by clicking on the Subscribe Now button here.

Click to expand...

After tax contributions don't work in most retirement plans.  This is because such a plan won't pass testing if only the HCEs are making such contributions.  That's why group plans with non-HCE employees don't do it.  They instead would do profit sharing.  This is a great technique that is used primarily used by individual retirement plan contributors with only spouse employees.

[jfoxcpacfp]

Thanks for reading my article, Kon! 

[conniebird]

My plan allows NRATs but last time I asked they did not allow in service distributions. But honestly didn't feel like the person I spoke to knew for sure. I just emailed them again. Fortunately my employer gives a generous match so not a whole lot of NRAT space left but it's still something.