Comments on: Highly Compensated Retirement Contribution Options

By: Rich

Rich — Sun, 16 Nov 2008 15:47:06 +0000

My 401k got cut also because i`m a HCE so i take off more time from work then haveing to pay more taxes. You know the gov can give out our tax dollars to bad banks but will not give the good working people a brake that is keeping them a flot.

By: DLS

DLS — Sun, 09 Nov 2008 23:58:37 +0000

My husband works for a small company and is a HCE. A low percentage of employees participate in the company’s 401K plan (he makes up 1/3 of the plans contributions). So the plan failed the discrimation testing. He has been maxing out his individual contribution and will not be able to any longer. To be sure to get atax deduction should he contribute to an HSA (the health plan is a High deductible plan)?

By: UJ

UJ — Sat, 25 Oct 2008 22:26:08 +0000

As per guidelines, I am HCE. I haven’t enrolled for 401K yet for 2008, however, in coming 2 months I wish to make maximum contribution. Do I have option to contribute for my earlier pay period or I can just contribute for next 2 months?

Thanks

By: retirehappy

retirehappy — Thu, 22 Mar 2007 20:41:22 +0000

Yeah, I don’t think HCE takes into account the cost of living… that’s a downer.

By: victoria

victoria — Thu, 22 Mar 2007 17:19:39 +0000

I don’t consider myself as HCE even though I made over 100,000 last year because I live in the bay area. I can’t even aford a decent house here. Being a single mom with 3 kids, I am certainly not highly compensated. And the only reasons I made over 100,000 is I work overtime. Once again, we are being punish for hard-working.

By: thc

thc — Wed, 03 Jan 2007 02:48:38 +0000

FYI: An HCE for 2006 and 2007 is someone who earns $100,000 or more. HCEs are not necessarily limited on their 401k contributions, only if the plan fails the discrimination testing.