debbiebaze Posted March 30, 2016 Share Posted March 30, 2016 Is it permissible for the employee to contribute the maximum ($18k + catch up if eligible) into the 457b plan and the employer put up to $53k in the 401a plan? Link to comment Share on other sites More sharing options...
Carol V. Calhoun Posted March 30, 2016 Share Posted March 30, 2016 Yes, the limits are completely separate. https://www.irs.gov/Retirement-Plans/How-Much-Salary-Can-You-Defer-if-You%E2%80%99re-Eligible-for-More-than-One-Retirement-Plan debbiebaze 1 Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances. Link to comment Share on other sites More sharing options...
debbiebaze Posted March 31, 2016 Author Share Posted March 31, 2016 Would the 404(a)(7) deduction limit (25% of compensation) apply to employer contributions made into a 401(a) plan by a governmental employer? Thank you so much for your help! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now