415 Limits for Profit Sharing Plan plus Govt. Plan

[DP]

A doctor has her own practice and gets a $40,000 contribution to her Profit Sharing Plan. This doctor also is employed at the VA Hospital and participates in their Thrift plan.

For 2003, is she limited to a total contribution of $40,000 between the two plans.

[Guest quinn the car fixer]

assuming she's not an owner in the VA hospital --she has two 415 limits one for each plan. The 402g limit on deferrals is one limit spread across all plans the person participates in.

[DP]

Thanks quinn.