How to setup 401k contribution limits between plan types?
Our company allow employees to contribute to both a pre-tax and after-tax 401k (plan type 40) and we are able to limit the company match between these two to 4%.
But recently we have added plan type 43 (which is a ROTH) and we want this plan to be part of the combined 4% match. Right EEs enrolled in both plan types are getting 4% on their ROTH and extra 4% match on their pre and after tax 401k.
There should be 4% total between these plans (i.e. 401k pre-tax + 401k after-tax + Roth = 4% match limit). Not sure how to configure this.