BenefitsLink Message Boards > If ER sponsors both 403b and 401k and participant also owns more than 50% of his own business..

Full Version: If ER sponsors both 403b and 401k and participant also owns more than 50% of his own business..

BenefitsLink Message Boards > Retirement Plans > 403(b) Plans, Accounts or Annuities

esi-jht

Dec 16 2005, 12:19 PM

Participant chooses to defer into the 401k only of his nonprofit ER. Does this deferral have to be combined with the participant's 401a plan for 415 purposes as any deferrals into his 403b would?

mjb

Dec 16 2005, 02:27 PM

no.

SoCalActuary

Dec 16 2005, 07:35 PM

Unless he has effective control over the non-profit also. If he does, then the rules change.

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