I've read that it is possible to contribute funds to your 401k from the previous year up until the tax deadline. My new employer uses Merrill Lynch for it's 401k. I rolled over 19k in funds from my previous employer's 401k account in 2016. I had 8.9k worth of funds contributed from my paycheck. I have a couple of questions hoping I could get some assistance on.
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Would I just subtract what I contributed from last year's limit of 18k to get how much I can contribute? So in this case 18,000 - 8900 = 9100. I don't count the funds from employer match, do I?
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When I look at my balance history, it has columns for vested match and cost basis for salary deferral, employer match, and roll over. Do I look at the amount listed in the vested match or the cost basis to determine what amount I would contribute to max out for 401k?
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How do I transfer the funds from my bank account to my 401k account and count it towards 2016 and not 2017?
Submitted January 22, 2017 at 01:42PM by atworkworking http://ift.tt/2kfNevZ
