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The only potential drawback I can think of is employer match. Some employers only match on a per-pay-period basis. So if you get, say, a 3% match, you might get that only on each pay period that you contribute. So if you cap out early and don't contribute the rest of the year, you may miss out on those matching funds. Plan details vary widely. Some employers correct this with a year-end contribution if you capped out early. Some don't. Check the fine print...

IRS doesn't care one way or another. At year end, you'll have made the same contributions, and have the same tax bill.
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