Legal Question in Business Law in New York
401k limit by a company
Can a company limit how much I put into my 401K when I'm not at the Federal guideline maximum?
Asked on 10/06/06, 6:26 am
1 Answer from Attorneys
Nancy Delain
Delain Law Office, PLLC
Re: 401k limit by a company
A company can limit what they will match on their employees' 401(k) contributions, but, unless an agreement that exists between employee and company says something to the contrary, employee should be able to contribute up to the federal maximum to a 401(k) plan.
THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.
Answered on 10/06/06, 10:27 am
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