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Does Solo401K and Corporate 401K Employer matching both count to the total annual qualified limit
This year I will have been self-employed and employed by a corporation and I will be using both a Solo401k and a Corporate 401K. I believe the total defined qualified limit is something like $76,500 (over 50) and that my regular 401k contribution can't exceed $23,000 plus catchup combined between both. I also understand that the Employer matching is NOT combined. My question is do both of the employer matching BOTH contribute to the $76,500 limit?
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‎October 24, 2024
8:10 AM