1

I switched jobs in the middle of 2019 and hence have multiple pretax 401k accounts (traditional). I have excessive deferral when I combine my contributions to both accounts (14k to each account) and I am planning to let them remain in the current status (willing to pay tax twice).

I was wondering which account is considered to hold the excess deferral — first or second one, or either of them?

0

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.