[ryanmercer]

> Is that from a legal requirement?

No and it's just weird.

If he contributed the maximum he could have contributed 18,000 plus 6,000 catch up taking him to 24,000 with a defined contribution maximum limit from all sources of 60,000.

That means they could have contributed another 20k.

[dboreham]

There are rules about how much the company contributions can be (aimed at preventing executives paying themselves huge tax-free pensions).

[wil421]

For employee contributions the max is $18,500k and for employer contributions it’s $32,500. You can also add $6,000 more if you are over a certain age.

[dboreham]

I'm talking about the rules that relate the contributions by the company to highly compensated individuals vs the bulk of the workforce.

See https://www.goodfinancialcents.com/401k-limits-for-highly-co...