Brian Gallagher Posted October 13, 2003 Posted October 13, 2003 A person was in a 457b plan then moved to a 401k with another employer. the $12k limit still applies under 402g, right? Remember: two wrongs don't make a right, but three rights make a left.
Everett Moreland Posted October 13, 2003 Posted October 13, 2003 The 402(g) limit does not apply to 457 plans. An employee whose employer has both a 457(b) and a 401(k) can contribute the full amount to both.
Brian Gallagher Posted October 14, 2003 Author Posted October 14, 2003 What about a governmental 457? 457(f)? I think I got my letters mixed up. Remember: two wrongs don't make a right, but three rights make a left.
Everett Moreland Posted October 14, 2003 Posted October 14, 2003 If I understand your question, an individual's participation in a governmental 457(f) plan will not affect the individual's 402(g) limit.
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