Jan
15
2019
Source: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-contributions
Represents the additional contribution limit for participants who are age 50 and older, once other contribution limits, such as 401(k) plan elective deferral contribution limit, the ADP testing limit or the annual additions limit, have been met. If the ADP test is failed, a portion of a Highly Compensated Employee’s (an “HCE’s”) elective deferrals may, under certain circumstances,...
Jan
15
2018
Represents the additional contribution limit for participants who are age 50 and older, once other contribution limits, such as 401(k) plan elective deferral contribution limit, the ADP testing limit or the annual additions limit, have been met. If the ADP test is failed, a portion of HCEs’ elective deferrals may, under certain circumstances, be treated as catch-up contributions.
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