Contributions 2 employers 401k plans and Keogh

[Guest Christine Walker]

I have a doctor who maxed his contribution to his own Keogh as well as 2 401k plans at 2 different employers (works at 2 different hospitals). Should the 401ks be treated as one and be limited to the $10k limit in total. Is he limited to the max he can contribute in the Keogh based on the contributions to the 401ks. Or are all the plans treated separately?

[KIP KRAUS]

I'm no CPA, but the way I read IRC Section 402(g) I deduce that the limit of $10,500 is an individual taxpayer limit. I don't think it applies separately to each 401(k)plan or other qualified plan that a person is contributing to.

[imchipbrown]

Agreed. Further, he can max his Keogh. 404 and 415 limits are per Employer, not employee, unless controlled.