Microsoft 401k after-tax contribution % per check?

New
LsnS41

New

LsnS41
Oct 9, 2020 37 Comments

Hi all,

I’m getting an offer from Microsoft (details unknown yet)

But I’m trying to max out my after-tax portion of my 401k (previous employer didn’t allow this) for this year

What’s the limitation for this contribution per paycheck? Is it 65% max? I hear LinkedIn’s is 70% this year an I’m guessing both use the same plan

To clarify I’m ONLY talking about the voluntary after tax portion (I’m assuming that the pre-tax option is the same % limitation per paycheck)

#investments

TC: 250k
Age: 26

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TOP 37 Comments
  • 65% is the limit for your combined contributions across all categories (pre-tax, Roth, after-tax). There is no separate limits for each of the categories.
    Oct 9, 2020 28
  • I tried to do it with the sign up bonus, did not work since it takes up to a month to setup the Fidelity 401k after tax account and chanhe the contribution %
    Oct 9, 2020 5
    • I use fidelity with a different employer, I was able to contribute with the first paycheck. I signed up first few days. You can then call them to get the money rolled over to a Roth 401k automatically with each paycheck.
      Oct 13, 2020
    • New
      LsnS41

      New

      LsnS41
      OP
      I’m wondering if microsoft is just slower

      When you say you “signed up”, do you mean they just gave you access to a fidelity account right away? And then did you have to call in to use it? I forget how this works
      Oct 13, 2020
  • Kaseya
    futuresput

    Go to company page Kaseya

    futuresput
    is this an engineering role?
    Oct 9, 2020 1
    • New
      LsnS41

      New

      LsnS41
      OP
      Yes, but does that matter ? It’s for fulltime
      Oct 9, 2020