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Employer Saver
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  1. Minnesota Secure Choice
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  3. Frequently Asked Questions
  4. Saver FAQs
  5. Making Contributions and Tracking Limits

If I have another IRA in addition to the State's program, does the contribution limit apply to each separately or to the combined amount?

The IRS's annual IRA contribution limits apply to the combined amount contributed to all of your IRAs, Employer, Saver traditional and Roth.

Articles in this section

  • Is my contribution pre-tax or post-tax?
  • Is there a limit to how much I can contribute in the program?
  • How are my contributions made to my Minnesota Secure Choice account?
  • Why does the program include an auto escalation of contributions?
  • Can I opt out of automatic contribution increases?
  • Is there a maximum percentage of income that can be contributed?
  • Can employers match employee contributions in the program?
  • Is the contribution rate based on gross or net income?
  • Can I have a Minnesota Secure Choice account plus another retirement savings plan like a 401(k) or traditional IRA?
  • How will I know if I am nearing the annual IRA contribution limit?
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Related articles

  • How will I know if I am nearing the annual IRA contribution limit?
  • Can I have a Minnesota Secure Choice account plus another retirement savings plan like a 401(k) or traditional IRA?
  • Can I contribute a set dollar amount per paycheck instead of a percentage?
  • Is the contribution rate based on gross or net income?
  • Is there a limit to how much I can contribute in the program?
← SecureChoice.mn.gov