Two Cash Balance Plans - Allowed?

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Topic Author
TheCleverest
Posts: 66
Joined: Sat Dec 26, 2015 10:14 am

Two Cash Balance Plans - Allowed?

Post by TheCleverest »

Hi,

I have read a bit about Cash Balance Plans.

I am paid via a W2 and will have access to a CBP soon.

My side hustle paid out via a 1099 is greater than an actuary adjusted contribution amount for a CBP.

Therefore, the question is am I allowed to have two cash balance plans? This would be a cash balance plan with my W2 income and a separate plan with my 1099 income.

Many thanks.
No use in being clever - have to be the cleverest
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