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Combine total for 403B and 401K exceeding IRS limit

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Summary:

Need guidance on how we can ensure that the combine total doesn’t exceed IRS limit

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We have employees who have assignments with multiple legal employers and are eligible for 403B and 401K plan. I need guidance on how we can ensure that the combine total doesn’t exceed IRS limit.

Here is an example:

Employee – Jack (ID 24546) has one assignment each with the following LE:

  1. Legal Employer called “ABC Corp” – 403B (E24546)
  2. Legal Employer called “XYZ Corp” – 401K (E2456-2)

Jack is contributing to both the plans, and we want to ensure that his total contribution doesn’t exceeds the annual IRS limit.

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