Roth 401K Contribution Limit
I’m currently contribute $18,187.71 from my salary plus employer match 4%( $3,163.08). The total is $18,187.71+$3,163.08= $21,950.79. Is the total exceed the contribution limit? Or I can still contribute $1,312.29 more from my salary.
Thanks,
David
Permalink Submitted by Alan - IRA critic on Fri, 2020-08-07 01:19
You can still contribute 1312.29 more to reach the 19,500 elective deferral limit for those under 50. The matching contribution does not count against this limit.