Coordination of Catch-up Contributions

[Guest Fishel]

Can a participant in a governmental 457(b) 3yr. catch-up plan also participate in the $2,000 catch-up in a 401(k) or 403(b) in the same year?

[mbozek]

Yes See prop reg 1.414(v)-1(e)(2) and (3). Teachers and hospital workers are the primary groups that can take advantage of the double catch up contribution.