Governmental 457(b) & non-qualified deferred comp plan

[mctoe]

Is it possible for an individual to participate in both a governmental 457(b) and a non-qualified deferred compensation plan of a private employer? Can an individual contribute the maximum annual deferral to the gov't 457(b) and for example $20,000 to the non-qualified deferred compensation plan?

[Guest GeerTom]

Yeppers. NQDCP doesn't coordinate with anything, and 457 only coordinates on catch-up contributions, and then only partially.

[mctoe]

Thanks Geertom