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The one thing I don't understand is why so many 401k plans still limit what a person can contribute per pay. Many still cap it at 20% while others cap it at 50%.

I see no vested interest in any company capping it at a low number.

My guess would be something to do with highly compensated employees. My company has a 25% limit and sometimes I'm tempted to contribute the max as another means of backdooring into a Roth IRA.

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