What is it?
Maximum total contributions and forfeitures that can be allocated to a participant’s account during the Plan Year
Maximum amount of compensation that may be considered when allocating contributions and performing discrimination testing
Maximum amount individual employee may contribute to 401(k) Plans, 403(b) Plans and SARSEP Plans
Maximum amount, in addition to 402(g) limit described above, that employee age 50 or older may contribute to 401(k) Plan
Annual compensation amount used to define “Highly Compensated Employee”
Annual compensation amount used to define “Key Employee”
Amount of income subject to Social Security Tax. For Retirement Plans, this amount is used when allocating a profit sharing contribution, IF the plan uses a “Permitted Disparity” (aka Integrated) formula
