debbiebaze Posted March 30, 2016 Posted March 30, 2016 Is it permissible for the employee to contribute the maximum ($18k + catch up if eligible) into the 457b plan and the employer put up to $53k in the 401a plan?
Carol V. Calhoun Posted March 30, 2016 Posted March 30, 2016 Yes, the limits are completely separate. https://www.irs.gov/Retirement-Plans/How-Much-Salary-Can-You-Defer-if-You%E2%80%99re-Eligible-for-More-than-One-Retirement-Plan debbiebaze 1 Employee benefits legal resource site The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances.
debbiebaze Posted March 31, 2016 Author Posted March 31, 2016 Would the 404(a)(7) deduction limit (25% of compensation) apply to employer contributions made into a 401(a) plan by a governmental employer? Thank you so much for your help!
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