Common use of Contribution Limitation Clause in Contracts

Contribution Limitation. Please add the dollar amount from section (I) and the dollar amount from sections (II) and (III) if applicable to check the total annual dollar amount estimated. (Will change if pay changes) Example: My salary is 35,000. I’d like to contribute 5% that will be matched and an additional 6% for a total of 11% of my salary: 35000 x .11=$3,850 total employee annual contribution.

Appears in 6 contracts

Samples: Retirement Enrollment Agreement, Retirement Enrollment Agreement, Retirement Enrollment Agreement

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