payrolluniversity.net

All plans qualified or nonqualified have a $18,000 contribution and a catch up of $6000 if over age 50(except a Simple 401(k) or Simple 408(p) $12,500--catchup is $3000. If an early withdrawal is taken subject to a 10 % penalty unless over age 59 1/2. If paid directly to EE withhold federal at 20 % (10% penalty and 10% withholding). ................
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