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The definition of
"total compensation" depends on your 401(k) plan's rules. When a plan is
established, the employer can choose to include all compensation – overtime, bonuses,
commissions, etc. – or only a portion, such as base pay, when determining total
compensation. The specifics for your company's plan can most likely be found in the
Summary Plan Description document (your human resources representative should have a copy
on hand). |
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