Can anybody break this down to me as to how this works? I know employees have a limit of $23k this year and I have been utilizing my companies match to max out every year, but how does the employer limit of $70k take effect. Is this usual a bonus compensation or something along those lines. Also my company contributes to my 401k per paycheck (26 times a year) and the match comes from that paychecks gross amount. Just want to make sure I’m squeezing the most out of my companies wallet and not my own. Thank you!