Common use of Contribution Limit Testing Clause in Contracts

Contribution Limit Testing. Contractor will monitor compliance with the annual maximum allowable contribution limits, including Internal Revenue Code Sections 457, 402(g), and 415(c) and also consider catch-up opportunities available to participants. Contribution limit monitoring shall include all applicable Plans for the County, including the combined limit for the 457(b) plan as well as the 1.62 DC Plan.

Contribution Limit Testing. Contractor will monitor compliance with the annual maximum allowable contribution limits, including Internal Revenue Code Sections 457457(b), 402(g), and 415(c) and also consider catch-up opportunities available to participants. Contribution limit monitoring shall include all applicable Plans for the County, including the combined limit for the 457(b) plan as well as the 1.62 1.62% DC Plan.