derfbme
Mar 4 2001, 11:24 AM
As a result of IRS sec. 415©(3)(D), if an employee has contibuted the maximum to either a 403(B) or 401k, can he/she still contibute to a salary reduction plan under the Qualified Transportation Plan ?
mdrucker
Jul 25 2001, 12:32 PM
The employee can make pre-tax contributions to the transportation program. The transportation benefit is a non ERISA benefit. In your calculation of 415 compensation you add back the pre-tax transportation contribution to the W2.
Contact me by email if you want more info on this.
Mike