Contributions

How much can I contribute each year?
The IRS limits the dollar amount that may be contributed to a retirement account each year. The limits are expressed in terms of dollars amounts, not percen...
Thu, 4 Jun, 2020 at 1:36 AM
How often can I change my deferral elections, and how?
Please check your Summary Plan Description for details on the allowable frequency in your Plan to change salary deferral elections. Your Plan may allow chan...
Thu, 4 Jun, 2020 at 1:23 AM
What are Roth contributions?
Roth contributions allow you to contribute to your retirement account on an after-tax basis and pay no taxes on qualifying distributions when the money is w...
Thu, 4 Jun, 2020 at 1:20 AM
What is the Employer Match formula in my Plan?
There are several different types of Employer matching contribution. Your Plan may offer one of them. Some of these include a discretionary match, a safe ...
Thu, 4 Jun, 2020 at 1:24 AM
What is a Safe Harbor Non-Elective contribution? How is it calculated?
Your Plan may offer a Safe Harbor Non-Elective Employer contribution. This is not a matching contribution in that its formula is not based on your own salar...
Thu, 25 Jun, 2020 at 2:21 PM
What is a Profit Sharing contribution? How is it calculated?
Your Plan may offer a discretionary (i.e. optional) Employer Profit Sharing contribution. This is not a matching contribution in that its formula is not bas...
Thu, 25 Jun, 2020 at 2:22 PM
Can I convert my tax-deferred assets into Roth assets?
Your Plan may permit In-Plan Roth Rollovers (IRR) or Conversions. Please check your Summary Plan Description for details. If permitted by your Plan, you m...
Thu, 4 Jun, 2020 at 1:45 AM
Can my spouse make contributions in to my account?
Unfortunately, no. Only you can make contributions to your retirement account.
Thu, 4 Jun, 2020 at 1:19 AM

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