With respect to after-tax contributions to a 401(k), does the IRS preclude the use of severance pay to make after tax contributions to a 401(k)?

As long as an employee’s total contributions to his 401K in a single year do not exceed $50,000 or 100% of your compensation, does the IRS prohibit an employee from putting his severance pay into his 401(k) when he retires as an after-tax contribution?

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