Can you over fund your 401k? I increased my 401k contribution to max it out earlier this year to save funds for later. I didn’t factor in bonus and looks like now with bonus hitting next paycheck I will be over the limit. Would Deloitte only deposit the max amount I am eligible to contribute or do I need to contact vanguard to send me the excess funds?

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Deloitte should cut it off at 19.5k

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Employers use payroll software that cuts it off at the max amount

Overfunding is possible but usually only when you have had multiple employers in a year where they are not aware of the other account and no way to manage the limit on a combined basis

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Vanguard will cut it off at 19,500 and kick back to you, then it’ll just stop contributing till next CY

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Thanks all

Be careful of macing out early. Not sure if your company matching matches per paycheck or the total amount at end of year.

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