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Old 04-24-2006, 01:13 PM
Rich Carreiro
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Default Re: Multiple 401ks

"J" <dna0603[at]yahoo.com> writes:

- quote -

> I am currently working two jobs and participate in both the 401ks.
> Regarding the $15,000 annual limit... is it per 401k or is it the total
> of all 401ks for the year?


The employEE contribution is aggregated -- so you can only
contribute a total of $15K across ALL 401(k)s you participate
in. The employER contribution is not aggregated -- each of
your employers can contribute up to the legal maximum for
employER contributions.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

  #-1  
Old 04-24-2006, 09:02 AM
J
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Default Multiple 401ks

Hi,

I am currently working two jobs and participate in both the 401ks.
Regarding the $15,000 annual limit... is it per 401k or is it the total
of all 401ks for the year?

 

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401ks, multiple
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