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However, the brand new election of 1 of these special limitations try irrevocable, and once produced, forbids the fresh personnel from electing one of many other special limits along the employee’s existence. It means efforts to other plans of one’s 403(b) company aren’t normally along with the benefits on the 403(b) bundle beneath the part 415 constraints. Below area 415(c), all the discussed contribution preparations away from an employer is actually managed as a whole laid out share package, subject to one set of section 415(c) limitations (we.e., 25percent of nonexempt compensation to 31,000).
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