Topic Archive: Excess Funding

How Should We Handle It If We Accidentally Overfund Our 401(k) Match?

DWC | 02/20/18


Our company sponsors a safe harbor 401(k) plan with a match, and we also make a profit sharing contribution each year. Our payroll company calculates match and profit sharing contributions along the way, and we fund both of those each pay period. This year, when our TPA calculated the total match and profit sharing contributions for the year, we discovered that we funded more than we needed to throughout the year.

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