Personal Investments • Mega-backdoor Roth Question

Do you get an employer match? Is there any limit on after tax contributions?
Total irs limit (415(c)(1)(A)) =403b pretax+roth 403b/401a +employer match/401a +posttax 403b/401a.

For 2024 that is 69k= 23k+0(for you) +?employer match?+ posttax 403b/401a destined for in plan conversion.

Is that true? I thought a 401(a) and a 403(b) plan had separate contribution limits.

I think you are right and it is not an aggregated limit if participant doesn't have control over the 401a sponsoring organization. So perhaps as lakpr suggests I shouldn't be as skeptical about this separate limit in OP case and OP could put 46k posttax assuming no employer restrictions on posttax contributions.

https://www.irs.gov/retirement-plans/is ... ution-plan

Thank you for the IRS source. As far as I know, I am a cog in the machine employee and do not control the sponsoring organization. I was given the impression that the 401(a) limit was separate from the 403(b) allowing me to put the full $69,000 in the 403(b).

-P

Statistics: Posted by phobophobe — Fri Jun 14, 2024 10:17 pm — Replies 19 — Views 1229

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