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Following bc I’m curious. I thought matches don’t count towards the limit?
Also that’s a crazy amount of matches, that’s awesome
This sounds more like you contributing more than the 19.5k allowed pre-tax between the 2, not related to what your employer matched.
I would see if you can change the excess personal contribution to a post-tax contribution (you’ll pay taxes on that portion now), but it’ll allow you to leave all the money in the 401k, and potentially the employer match too, but hard to say.
Match doesn’t go towards the yearly $19.5k contribution limit, bozo
If you add both, it’s over the contribution limit. Therefore I need to request a return of excess contribution. I’m just wondering if the employer plan will take away the match. No need to call names.
Coach
I think you will handle it at tax time. Call you HR share service number or 401k admin and they may be able to refund you after a portion of the fund is sold to raise cash.