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Expecting to exceed 401k limit with change in employment

Here is my situation

  • I have changed job during year 2025. I have invested in 401k through both employers. 
  • Second employer has better match than first employer. 
  • I expect that I will exceed limit for 401k contribution for the year.

 

Question

Should I just call my previous employer during 2025 itself and return excess contribution that I expect, or can I do that after year 2025 ends?

 

Implications

  • If I can call them after 2025 ends, I can calculate precise amount for my previous employer to exclude from 401k.
  • If I must call them before year ends, I will end up making an educated guess of my total 401k contribution for the year.
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