 Employer Maintains BOTH 403(b) and 457, Coordination of Plan Limits - 403(b) and 457 Plan |
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 Oct 20 2009, 03:46 PM
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Registered User Group: Registered Posts: 107 Joined: 5-March 09 Member No.: 28,669  |
Clearly, a 401(a) plan and a 403(b) plan must be aggregated when applying the 402(g) limits and catch-up contributions. But what if the employer has a 403(b) plan and a 457 plan? Can the 50+ employee contribute $16,500 in elective deferrals and $5,500 in catch-up contributions to each plan, essentially "double dipping"? I have not found clear authority on this matter, but have noted that 457 plans seem to be treated separately for so many of the retirement plan rules.
Thank you! -------------------- Thank you.
pj |
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Oct 20 2009, 04:28 PM
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John Feldt, CPC, QPA Group: Registered Posts: 878 Joined: 3-August 05 From: West Des Moines, Iowa Member No.: 14,892 |
The 457(b) "annual deferral" limit (which is vested employer contributions plus employee contributions) has no bearing on the 402(g) limit which affects a 403(b) salary deferral.
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| Lo-Fi Version | Time is now: 22nd November 2009 - 12:35 AM |