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Parker, age 51 , earns $330,000 annually from Infinity, which sponsors a Profit Sharing 401k, and matches all employee deferrals 100% up to a 4%
Parker, age 51 , earns $330,000 annually from Infinity, which sponsors a Profit Sharing 401k, and matches all employee deferrals 100% up to a 4% contribution. The firm makes no profit sharing contributions however. What is the maximum total contribution to Parker's account in 2022, including all employee and employer contributions? 39,200 (with margin: 0)
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