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Porsche-O-Phile Porsche-O-Phile is offline
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Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
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401k experts - question

I took a job at the beginning of this year with a smaller (leaner/meaner) firm local to me and gave up my cushy job with a larger company with full benefits, 401k, profit sharing, etc. I got a pretty decent salary bump to do so, but the new place does not (as yet) have a 401k program (I adjusted my salary request accordingly).

My question: I know I can contribute up to $4,000 per year (pretty sure, might be $5,000 now) to a 401k, but I obviously got a lot more than that contributed from my old employer because of the profit sharing and the contribution matching. Is there any way to "pay myself" as an employee of my own company or something in order to get around the $4,000 limit?
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Old 03-22-2007, 09:57 AM
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