Despite the obtuse note from TurboTax, @VolvoGirl is correct.
Each 401k has to be individually satisfied by Dec 31 2024.
You have excess accumulation in 2 accounts. Refer to 2024 Form 5329 Part 9.
TurboTax may be telling you to delay filing until you take corrective action,which can reduce your penalty from 25% to 10%.
That's one way to read the new Form 5329, which is also confusing.
@cindyfiller
