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Question 183: Your Multiple Employer Plan information has been great! You've covered how service is counted for someone in multiple locations and how the 415 limit is handled. For purposes of allocating the contribution, do you consider the compensation from each employer separately and, if so, how/when is the compensation limit factored in? | ||
Answer: Good question. Let's look at the various issues that are affected by compensation:
So, applying that principle to the four compensation issues we've identified, here's how it stacks up:
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Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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