Multiple employers, multiple matches

[scarabrad]

Folks,

Let's say I have 3 employers, from all of whom I receive W2s at year-end.

These employers offer different match arrangements for their 401Ks.

For assumption sake, let's say I can put away $10,000 with employer A and they contribute $32K (match) to my 401K.

For employer B, I put away $5000 and they put away $8000 (match)

For employer C, I put away $2000 and they put away $5000 (match)

By year end, I will have made 17K of salary deferrals and my employers will have put away $45K on my behalf.

Is this legal, given that the total contributions on my behalf (my own and my employer matches) equals $62K, which exceeds the $51K limit?

Any input would be greatly appreciated. Numbers are hypothetical, but generally accurate.

SR

[PensionPro]

Are the employers unrelated or related under the controlled group rules?

[QDROphile]

Using 50% rather than 80%

[scarabrad]

Wholly unrelated.

[PensionPro]

In that case you could receive up to $51,000 from each employer for 2013. However, the 401(k) deferral and catchup limits of $17,500 and $5,500 respectively are individual limits.

Edited to correct typo on catch-up amount per post # 6. Thanks BG5150!

[BG5150]

In that case you could receive up to $51,000 from each employer for 2013. However, the 401(k) deferral and catchup limits of $17,500 and $4,500 respectively are individual limits.

Isn't catch-up $5,500?