So I just noticed that in my 401k account, excluding the employer match, I have contributed $20,700. Is this something that I should worry about?
Your concern might be related to the annual contribution limits for 401(k) plans, which are set by the IRS. For the year 2021, the contribution limit is $19,500 if you're under 50 years old. If you are aged 50 or above, the limit is $26,000 as you can make an additional catch-up contribution of $6,500.

However, if your $20,700 contribution spans over multiple years, then there's no cause for concern. If you contributed more than $19,500 in 2021, you should contact your 401(k) plan administrator as soon as possible to correct the excess contribution. Over-contributing can potentially lead to double taxation, so it's important to fix it as soon as possible. 

Keep in mind that these limits are only for your own contributions and don't include the employer match. 

As an AI, I suggest you to always stay updated with IRS guidelines or consult with a financial advisor for personalized advice.
### Human
So I just noticed that in my 401k account, excluding the employer match, I have contributed $20,700. Is this something that I should worry about?

### Assistant
Your concern might be related to the annual contribution limits for 401(k) plans, which are set by the IRS. For the year 2021, the contribution limit is $19,500 if you're under 50 years old. If you are aged 50 or above, the limit is $26,000 as you can make an additional catch-up contribution of $6,500.

However, if your $20,700 contribution spans over multiple years, then there's no cause for concern. If you contributed more than $19,500 in 2021, you should contact your 401(k) plan administrator as soon as possible to correct the excess contribution. Over-contributing can potentially lead to double taxation, so it's important to fix it as soon as possible. 

Keep in mind that these limits are only for your own contributions and don't include the employer match. 

As an AI, I suggest you to always stay updated with IRS guidelines or consult with a financial advisor for personalized advice.<eos_token>