Guest Joann Albrecht Posted January 23, 2001 Posted January 23, 2001 According to 457©(2)(B)(ii) the dollar deferral limits of rural cooperatives to not have to be coordinated making it possible for a participant to contribute $8,500 to the 457 plan and $10,500 to a 401(k)plan. Are these limits coordinated under 415? Do the combined limits for an individual under both plans (457 and 401(k)) held to the 415 limit of the smaller of 25% of compensation or $35,000. I can find no reference that would indicate this is the case.
Carol V. Calhoun Posted January 23, 2001 Posted January 23, 2001 457 plans are not subject to the 415 limits at all. Thus, they would not be aggregated with the 401(k) plan in applying the 415 limits. Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. 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.
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