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Harry, age 45, works for a nonprofit organization that has adopted both a Section 403(b) and a Section 401(k) plan. In 2020, he contributes $9,000
Harry, age 45, works for a nonprofit organization that has adopted both a Section 403(b) and a Section 401(k) plan. In 2020, he contributes $9,000 to the Section 403(b) plan in before-tax elective deferrals. How much, if any, can Harry now contribute to the Section 401(k) plan in 2020?
Question options:
| $28,500 |
| $10,500 |
| $0 |
| $19,500 |
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