Fed1
Level 1

Excess Deferral (to 401k & TSP) in 2021

Hello,

I filed my 2021 Tax Return back in April 15th. Later on, I noticed that I have over-contributed to retirement plans.

For context, I had two employers during 2021.

Previous one, I contributed exclusively to my Roth 401k.

Current employer (Federal), I exclusively to my Roth TSP.

The combined contributions exceeds the federal limit ($19500) by a considerable amount. What would be the ideal set of actions I take given this situation?