I have two jobs at the same time.Can I contribute the full amount in both 401k plans?
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2 jobs
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 bigs |
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Posts: 1 (05/28/08 17:45:21) |
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bigs |
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Posts: 2 (05/28/08 17:49:17) |
Can my second employer make contributions to a 401k even if I can not ? |
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jdnay |
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Posts: 346 (05/29/08 09:15:28) |
You can contribute to both plans, but the maximum combined amount is $15,500 (or 100% of income, whichever is less). In other words, you can't contribute
more than $15,500 in total to both plans. It is also your responsibility to ensure you don't over contribute.
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