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Can employees contribute to more than one plan?

April 26, 2017contribute employees Plan

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10 Posted

Can employees contribute to more than one plan?

1 Answer

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10 Posted

Yes. Contributions to the 457(b) plan do not affect contributions to any other type of plan. For example, if you sponsor a 401(k) retirement plan or a 403(b) plan, you and your employees can contribute the maximum amounts to both plans.