More Room to Save With Your 401(k) in 2013
The BMC 401(k) Plan is one of the best ways to save and invest in your future. And higher IRS contribution limits for 2013 give you even more room to save.
2013 401(k) Contribution Limits
| If you are under age 50 | If you are age 50 or older |
---|
Your before-tax or Roth 401(k) contribution limit | Maximum of $17,500 | Additional $5,500 in catch-up contributions, for a maximum of $23,000 |
Limit on total contributions (your before-tax, after-tax and Roth 401(k) contributions plus BMC's matching contributions) | $51,000 | $56,500 ($51,000 + $5,500 catch-up contributions) |
Limit on maximum amount of eligible compensation (base pay, bonuses, overtime and commissions) | $255,000 | $255,000 |
Important Note: Your participation in the BMC 401(k) Plan for 2013 will stop at the first limit you reach. Plan your contribution percentage carefully to reach the IRS maximum and to receive the maximum BMC matching contribution. To learn more, watch this video about the BMC 401(k) Plan and use the BMC Retirement Savings Calculator.
Remember, you must change your contribution election between December 20, 2012 and January 2, 2013 if you want new deductions to begin with your first paycheck in January.
Copyright © 2024 BMC Software. All Rights Reserved |
Disclaimer
Disclaimer:
The content on this site includes links to tools and information that are not the property of BMC Software, and BMC Software is not responsible for their accuracy, completeness or continued availability. Some of the material contained in this site is based on official plan documents. It is not, nor is it intended to be, the legal plan document or a contract between the company and any employee or contractor. Every effort has been made to ensure the accuracy of this material. In the unlikely event that there is a discrepancy between the site and the official plan documents, the official plan documents will control. BMC Software reserves the right to amend or terminate the plan(s) or program(s) at any time. If you believe the benefits do not describe those available to you, contact the Benefits Center at 877-BMC-4849.
Copyright © BMC Software. All Rights Reserved
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