2002 plan limits

[Guest KFLETT]

Is it correct that for 2002 an HCE can defer $11,000 into a 457(B) plan in addition to any deferrals he/she may have contributed to a qualified 401(k) plan?

[mbozek]

yes see IRC 457(B)(3).

[Ken Davis]

Wasn't it the amendment of section 457©, and not 457(B)(3), that repealed the coordination requirement? 457(B)(3) deals with the double limit during the last 3 years before reaching NRA.

Ken Davis

Univ. of South Alabama

[mbozek]

try (B)(2).