Forwarding this request from our Benefit Team: We are in the process of setting up a new benefit plan for a 403b traditional After-Tax (No Match) contributions. The 403b After-Tax would be an additional offering to allow a participant to contribute up to the 415c maximum annual additions limit (BN12).
We already have a 403b pre-tax (match eligible) plan setup on the BN15 and a Roth 403b plan setup on the BN15. Our thought was to create another plan on the BN15 for the After-tax offering but we are having issues with the contributions not capping appropriately when employees are contributing to more than one plan.
Is it possible/should we only have one plan with all three options attached or do they need to be separate BN15 plans? Also wondering how BSI plays into the plans - we currently have BSI overrides for employees who are over 50 - is there any other setup that must be done for 403b plans? Interested in anyone who would kindly share their PR05, BN15 and BSI setup. Thank you!
