Catch-up on 457 and 403(b)

[Guest kdm]

Is it possible that a 50 year old employee, in 2002, could take advantage of the 22K limit in 457(B)(3) and the 15K limit in 403(B) when working for the same employer the last 15 years and not fully funding the 403(B) and 457?

[Guest Tom Geer]

Yes. The only limit I see is that you can't use the general EGTRRA catch-up in the 457 if you are using the 457 catch-up. However, it looks pretty clear that the employee can use the general EGTRRA catch-up in another plan (403(B) or 401(a)) while using the 457 catch-up.