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Excessive Roth Contributions to Combination of 401(k) Plans
BenefitsLink Message BoardsLink to more items from this source
Apr. 22, 2021

"Suppose an employee participated in two 401(k) plans during 2020 (unrelated employers) and funded $19,500 in Roth deferrals to both plans. (Yes, this is a true case!) Is there a remedy for this error or should we ALL be trying to do this? The penalty of 'double taxation' doesn't apply, so what does?"

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