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414(h) Pick-up


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I have a 414(h) pick-up plan where the mandatory employee pick-up contributions are 3% of compensation and the employer contributions are 8% of compensation. The employer also has a 403(b) that only holds only employee contributions. If the employee is in the pick-up plan they can also elect to participate in the 403(b) plan.

How is the annual deferral limit determined? Do you count the 3% mandatory contribution plus the 403(b) employee contributions?


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