Double Dipping

Q. Is it true that double dipping is no longer allowed within 403(b) and 457 plans? And has the rule concerning five-year payouts — allowing employer contributions to an employee’s 403(b) for up to five years after termination of employment — been repealed?

A. Neither rule was repealed under the Tax Cuts and Jobs Act. Employees may still contribute to both a 457 and 403(b) plan — double dip — and the employer post-termination contributions for up to five years are still permitted.