This is true, but be sure to understand what it means. On most 401Ks the employer will match up to 6% of your salary.
- If you make $50K per year the company will match $3,000.
- If you contribute $10K they will still only do $3K.
- If you do $1K they will match $1K.
The exemption is only for the amount of Employer match.
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