Notes to self regarding Dell’s 401k plan headed into 2018…
- The limit on employee elective deferrals – $18,500 (includes before tax 401k +after tax Roth 401k contributions). $24,500 (catchup) if over 50.
- Dell matches 6% (5% in 2017) – max at 7500 (fully applied to anyone making under $150k).
- After tax not matched
- $37/yr admin fee
Total 401(k) contributions, including Before-tax, Roth 401(k) and/or After-tax contributions and Dell’s matching contributions are limited to $55,000 in 2018. In general, this means you can contribute at least $29,000 on an After-tax basis.
✔ Increase your contributions into the Dell 401(k): After-tax contributions can help you contribute more money on an annual basis.
✔ Opportunity to convert to Roth 401(k): You can choose to convert After-tax dollars to Roth 401(k) dollars, giving you the chance for additional tax-free
investment growth.
Need additional details.
Tax-deferred | Post-tax | |
---|---|---|
Employer-sponsored |
401(k), 403b, TSP |
Roth 401(k) |
Individual |
IRA, solo 401(k), SEP* |
Roth IRA, solo Roth 401(k) |
Health Savings Account (HSA) contribution limits | ||
2017 | 2018 | |
Individual (employer + employee) |
$3,400 | $3,450 |
Family (employer + employee) |
$6,750 | $6,900 |
Age 55 or older** | Additional $1,000 | Additional $1,000 |
- Traditional Roth IRA (not part of Dell’s retirement plan) – 5500/yr
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