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Level 1
posted Sep 28, 2021 6:47:20 PM

Multiple Full Time Job 401k Max Contribution

I work two full time jobs and both have 401k options. One matches up to 7% of my income and the other doesnt match. Can I contribute 19.5k *2 to two independent accounts?
 

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1 Replies
Level 15
Sep 29, 2021 6:37:23 AM

Between the 2 you CANNOT contribute more than the annual max for your age ... make sure to stop the contributions in time so you don't over contribute.   If you do over contribute by accident  you MUST alert the employers ASAP so the excess can be removed timely.