Author: Team RetireWell

Elective Deferral Limit Under Section 402(g) — What Fiduciaries and Plan Sponsors Need to Know Every calendar year, participants in a §401(k) plan must limit their elective deferrals (pre-tax plus designated Roth contributions) to the amount set by Internal Revenue Code Section 402(g). Failure to adhere to that limit can expose both the employer-sponsor and Read more