10K Sign-On Bonus Straight into 401k?
So i get a sign on bonus for my new role as an analyst, was wondering if I could slap that in my 401k from day 1 so I can take advantage of the no tax. Can I ask HR to put 100% of my paycheck into it?
Sep 02, 2021Sep 02, 2021
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Comments (3)
hmm I don't think the benefits portal that you input % contributions and all that is set up until a week or so into the job and I think the signing bonus came before for me so that wasn't even an option. If you can find a way though, very good idea rather than having half of it withheld.
Most major retail brokerages only allow for up to 50% of bonus contributions. It should say in your 401k portal
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