Guest Lyn Wyatt Posted October 9, 2001 Share Posted October 9, 2001 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? Link to comment Share on other sites More sharing options...
Gary Lesser Posted October 9, 2001 Share Posted October 9, 2001 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. Link to comment Share on other sites More sharing options...
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