Is it possible to defer the maximum 402(g) limit twice if you work for two separate employers?

[Guest RMPension]

If a person works for two employers and both employers sponsor 401(k) plans, can they defer $14,000 in each plan?

[No Name]

No. Its a personal limit.

[david rigby]

Earlier discussions may provide some more information/background.

http://benefitslink.com/boards/index.php?showtopic=25097

[MGB]

And of course, one may ask "How would anyone know?"

That is why there is a box on your W-2 indicating how much was deferred. If the IRS receives more than one W-2 with numbers in this box, they add them up and will follow up with penalties, etc., if the numbers add up to too much.

[K-t-F]

But... if you were part of a 457 and a 401a plan you could. Only catch.