So IRS has pre-tax 401k limit of $19000. I joined Google this year around May.
Both Google and my previous employer do 50% match of pre-tax/Roth 401K.
I have contributed $12,000 pre-tax with my previous employer, but it only matched $8000 of that (i.e. $4000).
I am now able to contribute only the rest $7000 at Google. Which means no match on the $4000 over-contribution I did at my previous job, i.e. $2000 down the drain.
How can I fix it ? Is it possible for me to withdraw $4000 from my previous employer's 401K account so that I can contribute that at Google ? Will IRS penalize if I do that ? (I haven't filed the taxes for this year, so guess not ?). Please help !
See IRS Form 1099-R