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Contributions

Excess deferral

Definition Salary deferral contributions, contributions are limited to the lesser of the IRC § 402(g) limit or 100% of compensation. Salary deferral contributions in excess

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Compensation Cap

Definition The compensation cap is the maximum amount of compensation that may be taken into consideration when determining contributions  to employer sponsored retirement plans,  such

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Reportable

·Definition Retirement-Industry term used to refer to a transaction that occurs in a retirement account, which the plan administrator, IRA custodian, or payer is required

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Annual Addition

Definition An Annual Addition is the total amount credited to a participant’s account for any limitation year. This includes: Employer contributions; Employee contributions; and Forfeitures.

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