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The maximum combined amount both the employer and the employee can contribute annually to the plan is generally the lesser of: Employees meeting certain requirements and plan participants may be eligible to make additional contributions.If any participant’s total contributions exceeded the annual limit, find out how you can correct this mistake.
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The terms of the employer’s 403(b) plan govern when an employee may enroll.
However, a 403(b) plan is generally required to allow all eligible employees to participate in the plan as of their employment commencement date (the universal availability rule).
Yes, a 403(b) plan can automatically enroll employees if the plan allows employees to contribute to the plan, the plan’s provisions contain an automatic contribution arrangement and the employee does not opt-out (affirmatively elect not to participate) of the plan’s automatic enrollment.
Return to Participation FAQs Return to Top of Page A 403(b) plan must generally allow all employees to make elective deferrals to the plan.