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Guest ptpnthr

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Guest ptpnthr

In one year, can you put $40,000 into a 401(a) plan and $12,000 into a 457(B) plan, both of which are sponsored by the same governmental employer?

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Assuming that all other requirements are met, e.g., empoyee salary is 40K, then employer could contribute 40k to 401(a) plan and employee could contribute 12K to 457 plan. However, I dont know of any st gov which would make a contribution of 100% of comp to qualified plan for an employee.

mjb

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