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My client has 3 W2, 50 years old 401 & 403 contribution is $39,644 and 457 contribution $21750 is there any penalty

lovemahal-1

Level 3

Forum|Forum|5 years ago

March 30, 2021

Question

My client has 3 W2, 50 years old 401 & 403 contribution is $39,644 and 457 contribution $21750 is there any penalty

Forum|Forum|5 years ago
March 30, 2021
2 replies
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qbteachmt

Level 15

Forum|Forum|5 years ago

March 30, 2021

See if this article helps:

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-403b-contribution-limits

Don't yell at us; we're volunteers

Just-Lisa-Now-

Intuit Community Champion

Forum|Forum|5 years ago

March 30, 2021

penalty for contributions? ohhh excess contributions, sorry, I misread

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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