Quote:
If you are called to active duty and make tax-exempt contributions to the TSP while deployed in a designated combat zone, the sum of the employee and agency contributions to your civilian account as well as the tax-exempt contributions made to your uniformed services account cannot exceed the annual addition limit.”
If you're contributing to 401k and TSP then yes, you would have to watch these funds because they both fall under 402g contributions. These contributions are limited to 18.5k, across all plans/employers. The 401a contribution limit is 55k, which also happens to be the 415 limit. Since the 415 limit is applied per employer, you now have another 55k available to you if you have multiple employers. However to make this happen in our case, you must contribute to your 401a and NOT your 401k at Delta. This leaves your full 18.5k available to contribute to your 401k/TSP.Originally Posted by mispoken
“If you are a member of the Ready Reserve and you are contributing to both a uniformed services and a civilian TSP account the elective deferral and catch-up contribution limits apply to the total amount of employee contributions you make in a calendar year to both accounts.If you are called to active duty and make tax-exempt contributions to the TSP while deployed in a designated combat zone, the sum of the employee and agency contributions to your civilian account as well as the tax-exempt contributions made to your uniformed services account cannot exceed the annual addition limit.”
Multiple plans - Financial Planning Body Of Knowledge
Plus all of what jughead said!