Generally, employers that adopt both a defined benefit plan and a defined contribution plan (including a profit sharing plan with or without 401(k) salary deferral contribution features) are able to make the maximum contribution to both plans. However, that’s not always true. In some cases, there is a lower maximum deduction that may be applicableContinue reading “Maximum Total Deductible Contribution to Both Defined Benefit and Profit Sharing/401(k) Plans”