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A comment on Microsoft Expands Its Parental Leave, Bolsters Paid Time Off And 401k Matching. Parent comment

Re:Microsoft Expands Its Parental Leave, Bolsters Paid Time ... by rconti on Wednesday August 05, 2015 @06:43PM (#10013403)
That's not allowable under law. The max is $18k (unless you're subject to the catch-up provisions over age 50 or 55 or whatever it is).
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Re:Microsoft Expands Its Parental Leave, Bolsters Paid Time ... by danhak on Wednesday August 05, 2015 @06:55PM (#10013447)
You're incorrect. Employers are allowed to contribute to an employee's 401K plan up to a $53,000 combined limit. The $18K limit applies only to employee contributions.
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Re:Microsoft Expands Its Parental Leave, Bolsters Paid Time ... by encoderer on Wednesday August 05, 2015 @06:57PM (#10013457)
The employer match does not count towards the $18k limit.
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Re:Microsoft Expands Its Parental Leave, Bolsters Paid Time ... by guelo on Wednesday August 05, 2015 @07:51PM (#10013719)
Unrelated, but Wall Street parasite fees do count towards your contribution limit. And 401k plans mostly offer high fee funds. So be careful or you might think you're contributing $18k but you're actually only contributing $17k and making an annual $1k gift to some some banker's bonus. Also, 401k is a massive Wall Street scam.
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