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Can an employee contribute the maximum to both the 403(b) Plan and the Deferred Compensation Plan?

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Can an employee contribute the maximum to both the 403(b) Plan and the Deferred Compensation Plan?

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Yes. For example, an eligible employee under the age of 50 can contribute $12,000.00 to each Plan for the Year 2003 for a total of $24,000.00.

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