Common use of Contribution Limitations Clause in Contracts

Contribution Limitations. A. Overall Limit. The total amount of annual contributions that may be made to the Account on behalf of the Participant for any limitation year shall not exceed the limit of: (a) 100% of includable compensation to a maximum of $54,000.00 (2018 limit) as adjusted under Section 415 of the Code. (b) $18,500.00 (2018 limit) indexed up to 100 percent of the Participant’s compensation (within the meaning of Section 402(g) of the Code) for the limitation year. (c) An additional $6,000.00 (2018 limit) over the age of 50 “catch up” indexed. (d) An additional annual amount of service-based “catch up” contribution as permitted by the Code, if applicable to this Employer and Plan.

Contribution Limitations. A. Overall Limit. The total amount of annual contributions that may be made to the Account on behalf of the Participant for any limitation year shall not exceed the limit of: (a) 100% of includable compensation to a maximum of $54,000.00 (2018 limit) as adjusted under Section 415 of the Code. (b) $18,500.00 (2018 limit) indexed up to 100 percent of the Participant’s compensation (within the meaning of Section 402(g) of the Code) for the limitation year. (c) An additional $6,000.00 (2018 limit) over the age of 50 “catch up” indexedup”indexed. (d) An additional annual amount of service-based “catch up” contribution as permitted by the Code, if applicable to this Employer and Plan.