402(g) limit & 415 limit for a not for profit K plan and B plan

[HarleyBabe]

I'm sure this has been asked before but I keep coming up with different answers. Clarity please. Have a not for profit plan. Firm has a B plan and a K plan. For 402(g) purposes, is it one limit and for 415 purposes, is the limit per plan?

Thank You.

[Tom Poje]

the easy way to remember 402(g) is that the govt has to have some way of determining that value. so the IRS adds up all the W-2s to see if the person went over the limit for the calendar year

(I believe if you have a 457 plan, those deferrals are not combined)

my understanding is if you work for different employers you have separate 415 limits for each employer

[QDROphile]

A 403(b) plan is considered a plan of the employee, so it usually has a separate 415 limit from the 401(k) plan. See section 415(k)(4). Sometimes physicians run afoul of the combining rule.