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SIMPLE coordination with 401(k) plan of other employer


Guest Lyn Wyatt
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Guest Lyn Wyatt

A privately held corporation has a SIMPLE. One of the employees of the privately held corporation also participates in a 401(k) plan at another employer. Is there a coordination issue on the amount the employee can contribute? What are the limits to consider?

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Although the two plans do not share a 402(g) limit, the individual does. Amounts deferred over the limit ($11,000 or $11,500) must be included on the employees Form 1040. Other than that the two plans/employers stand separately with respect to all limits since (assuming) the entities are not controlled or related to each other.

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