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Can I maintain both a 401(k) plan and a Small Business Pension Program?

April 26, 2017maintain Pension Plan program small business

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Can I maintain both a 401(k) plan and a Small Business Pension Program?

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Yes. Elective deferral contributions do not count against the deductible limit described above. As long as the 401(k) is a deferrals only plan, contributions can be made to both plans.