Santo Gold Posted October 6, 2023 Posted October 6, 2023 If an individual was in 2 different retirement plans, both of which permitted after-tax employee contribution, could the individual contribute say $50,000 after-tax into each (assuming compensation is high enough, passes testing, etc)?
Bri Posted October 6, 2023 Posted October 6, 2023 Unrelated employers? Basically the annual additions limit rules will come into play. Bill Presson, C. B. Zeller, Lou S. and 1 other 4
C. B. Zeller Posted October 6, 2023 Posted October 6, 2023 When evaluating whether there are related employers, keep in mind the reduced ownership threshold for controlled groups under 415(h) and the special rule for 403(b) plans under 415(k)(4). Luke Bailey 1 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
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