SIMPLE IRA + 401(k) maximum employee deferral
An employee participate in a simple and 401k with 2 separate unrelated employers.
What is the maximum they can defer into each plan? How/when does the 402g limit come in to play?
An employee participate in a simple and 401k with 2 separate unrelated employers.
What is the maximum they can defer into each plan? How/when does the 402g limit come in to play?
Permalink Submitted by Alan - IRA critic on Tue, 2019-09-17 19:58
Max SIMPLE IRA salary reduction contribution is 13k. Max 401k contribution is 19k less the amount of SIMPLE IRA contributions.