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MULTIPLE SIMPLE DEFERRAL LIMIT


Guest AFRICA
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Guest AFRICA

If an employee participates in more than one SIMPLE for two very different employers, what is that employees deferral limit? I am tempted to think $10,000.00 but the CODA limit states clearly that the deferral limit for a SIMPLE is $6000.00 per year. I understand that it is different if the employee participates in a SIMPLE and also another type of plan the limit would be $10000.00, but I think the multiple SIMPLE rule may be different.

Thanks

aFRICA

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AFRICA6796@AOL.COM/email]

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