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My employer has a mandatory retirement plan. Does that count towards the deferral limit of 19k

My employer has a mandatory retirement plan, which automatically holds 5% of my paycheck and sends it to a 403b based account with TIAA. In addition, employees can withold an additional amount via a separate supplemental plan (which is a separate account in TIAA, but also a 403b based account).

 

I want to max out my 19k allowance for 2019 by contributing as much as I can to the supplemental plan. Should I take into account the mandatory amount already contributed? Or because it is mandatory it is technically not an ELECTIVE deferral and I can contribute the full 19k via my supplemental plan.

 

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My employer has a mandatory retirement plan. Does that count towards the deferral limit of 19k

ANY amount that the employee contributes counts to the year  total.   The employer should report that amount in box 12 on your W-2.  Employer match amounts do not count.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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