K) contributions are subject to an annual limit regulated by the IRS. When the annual limit is met, deductions are automatically discontinued. Please check with our HR Department for the current years annual limit. Review the year to date (YTD) pre-tax contribution on the paycheck stub.

Roth 401(k) contributions are added to regular (tax deferred) 401(k) contributions in calculating the maximum that can be contributed to a plan. The maximum contribution (both Roth 401(k) AND regular 401(k) contributions) for 2007 is $15,500 plus up to an additional $5,000 if the participant attains age 50 during the plan year. See similar questions...

Roth 401(k) contributions are treated the same as regular 401(k) contributions for purposes of a regular or safe harbor match. See similar questions...

No, designated Roth contributions are treated the same as pre-tax elective contributions when performing annual nondiscrimination testing. Yes, a plan can provide that the highly compensated employee (HCE), as defined in section 414(q), with elective contributions for a year that include both pre-tax elective contributions and designated Roth contributions may elect whether excess contributions are to be attributed to pre-tax elective contributions or designated Roth contributions. See similar questions...

Excess contributions arise when the ADP test fails. If excess contributions plus earnings are distributed within 2 ? months following the close of the plan year, the HCE reports certain amounts in gross income in the taxable year in which the first elective contributions of that plan were made. If the excess is distributed after 2 ? months following the close of the plan year, but within 12 months after the close of the plan year, the entire amount is taxable in the calendar year distributed. See similar questions...

No. Employer sponsored 401(k) plans must offer Elective Deferrals as an available option to participants in order to allow for Roth 401(k) contributions. See similar questions...

Roth 401(k) contributions are added to regular 401(k) contributions for ADP nondiscrimination testing. See similar questions...

All Roth 401(k) contributions are to be included with the same payroll date and frequency as Elective Deferrals. A Roth 401(k) money source will be available in the Contribution Processing section via Plan Sponsor Access referencing participants that have elected Roth 401(k) contributions. See similar questions...

A 401(k) plan is a defined contribution plan that is a cash or deferred arrangement. You can elect to defer receiving a portion of your salary which is instead contributed on your behalf, before taxes, to the 401(k) plan. Sometimes the employer may match your contributions. There are special rules governing the operation of a 401(k) plan. For example, there is a dollar limit on the amount you may elect to defer each year. The dollar limit is $11,000. See similar questions...

A company may choose to supplement the employee elective contributions and matching contributions with discretionary non-elective contributions based on profitability or employer performance. More frequently, a 401(k) plan containing only elective contributions will be supplemented by discretionary non-elective contributions. The profit sharing element of discretionary non-elective contributions can provide significant performance incentives to participants. See similar questions...

If you are mandated to contribute to Social Security there is a provision that allows you to opt out of the retirement system and take a refund. If not, you must actually terminate employment before you are eligible to withdraw your contributions. You must fill out a refund form and mail it to our office, if everything is correct and in order you will receive a check 90 days after your date of termination. See similar questions...

A7): There are several ways to accomplish this. Which one to choose depends on whether you want to track the cash as it is associated with your paycheck or not. Probably the easiest way is to schedule a deposit to your 401(k) contributions/cash account in the Bills & Deposits section, the amount and date of which correspond to the match. See similar questions...

A 401(k) is a fairly simple plan. It is set up by your employer as a set contribution retirement agreement. That means you are the one who pays into the plan, although your employer and the plan provider who offers your 401(k) do just about all the work. Your 401(k) contribution is automatically deducted from your paycheck each pay period. This money is taken out and invested before your paycheck is taxed. See similar questions...

Participants in a 401(k) plan generally have a decent number of different investment options, nearly all cases a menu of mutual funds. These funds usually include a money market, bond funds of varying maturities (short, intermediate, long term), company stock, mutual fund, US Series EE Savings Bonds, and others. See similar questions...

Your 401(k) plan helps you start regular investing, and stick with it. Your contributions are automatically deducted from your salary before you receive your check. Since the money is deducted from your gross income, you will have a lower taxable income, which means you will pay less in annual taxes. The money you save will accumulate on a tax-deferred basis. This means you pay no federal or state taxes on your contributions or investment earnings until you start withdrawing money from the plan. See similar questions...

long as your 401(k) balance is greater than $2,000, you can take up to 50% of your account balance for purposes of a loan (minimum loan amount is $1,000). There is a $75 loan origination fee and the loan is paid back through payroll deductions (the interest charged is prime plus 2%). Participants are also charged a $50 annual loan fee. Loan requests are made through the Great West Life Annuity and generally take about 2-3 weeks to process all the necessary paperwork. See similar questions...