Nassau Posted April 21, 2011 Posted April 21, 2011 My client has 44 new hires from an acquisition that participated in a SEP- IRA plan and now they are in a 401(k) Plan. Are individual contribution limits to a SEP - IRA separate from the limit to a 401(k) Plan or added together. If a participant contributes $5,000 to the SEP - IRA but now is eligible to participate in a 401(k) Plan, are they limited to contributing $11,500 to the 401(k) Plan? or Can they contribute the full $16,500 to the 401(k) Plan?
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