I know I've seen this somewhere, but just can't come up with the reference. Turned 50 in June, so this must be my first "senior moment."
Anyway, Joe X works for employers A and B. Can he defer 11k into each plan? Also, is there a separate $40,000 415 limit for each plan?

Thanks all. Maverick

No, the 402(g) limit ($11,000 in 2002) is an individual limit, not a plan limit.

here is the easy way to remember.

when he files his taxes, he includes his W-2
the governmet adds up all the deferrals and they know if someone deferred too much in a calendar year

As to the second part of your question, if A and B are unrelated employers, the 415 limits are separate, so a person could conceivably have two $40,000 limits

Therefore, he could receive two separate "profit sharing" contributions without either being aggregated.