Guest BarryK Posted August 2, 2004 Posted August 2, 2004 A client is employed by a university where his salary is $203,000. He is covered by the university's 403(b) plan (contribution of 7% compensation). This client also earns $50,000 as a member of a Bank's board of directors. The Bank and university are not related in any manner. The client would like to establish a DB plan with the comp he earns from the Bank. I don't think that the benefits from each of the plans would have to be aggregated for the purposes of the 415 limits. Also, I do not think that the 403(b) plan has any effect on the new DB plan in any manner at all... contributions, benefits, etc. Am I wrong about this?
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