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URL:  http://boards.fool.com/greetings-hbisafool-and-welcome-ltltmy-10111752.aspx

Subject:  Re: excess 401K contributions Date:  2/22/1998  6:29 PM
Author:  TMFPixy Number:  1914 of 78166

Greetings, hbisafool, and welcome.

<<My husband made the maximum contribution to his plan, then about a year later got a refund of $1200--something to do with a top-heavy plan and highly compensated employees. Does anyone understand these limitations?>>

Your husband, as part of what's called the "highly compensated employee" group (HCE), is limited in the percentage of pay he is allowed to contribute to his retirement plan by the contri