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re: company 401k to another Roth IRA.
Posted on 2/5/21 at 3:44 pm to Warfarer
Posted on 2/5/21 at 3:44 pm to Warfarer
quote:
company 401k to another Roth IRA.
Their benefits sheet says that employees may contribute up to 18,500 per year. Company will match up to 4% of your compensation. In addition, a Roth plan is available that allows after tax contributions. Not sure it that means that the match is available to Roth or not but I assume so.
I would assume this means that the 401(k) plan allows for Roth contributions. Roth contributions would still be eligible for the match, the match is going to be made on a pre-tax basis though. 2021 contribution limits are 19.5k btw, maybe that benefits sheet is older and doesn't have updated limits?
1
Posted on 2/5/21 at 4:01 pm to TigerTalker142
Yeah, the sheet is an '18 sheet. He had a copy in his office and just gave it to me because the insurance prices were still current.
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