Limit on Catch-Up Deferrals. A Participant's Catch-Up Deferrals for a Taxable Year may not exceed the lesser of: (a) 100% of the Participant's Compensation for the Taxable Year when added to the Participant's other Elective Deferrals; or (b) the Catch-Up Deferral dollar limit in effect for the Taxable Year as set forth below: Year Non-SIMPLE Plan SIMPLE Plan 2002 $ 1,000 $ 500 2003 $ 2,000 $ 1,000 2004 $ 3,000 $ 1,500 2005 $ 4,000 $ 2,000 2006 $ 5,000 $ 2,500
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Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc)
Limit on Catch-Up Deferrals. A Participant's Catch-Up Deferrals for a Taxable Year may not exceed the lesser of: (a) 100% of the Participant's Compensation for the Taxable Year when added to the Participant's other Elective Deferrals; or (b) the Catch-Up Deferral dollar limit in effect for the Taxable Year as set forth below: Year Non-SIMPLE Plan SIMPLE Plan 2002 $ 1,000 $ 500 2003 $ 2,000 $ 1,000 2004 $ 3,000 $ 1,500 2005 $ 4,000 $ 2,000 2006 $ 5,000 $ 2,500:
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Samples: Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)
Limit on Catch-Up Deferrals. A Participant's Catch-Up Catch‑Up Deferrals for a Taxable Year may not exceed the lesser of: (a) 100% of the Participant's Compensation for the Taxable Year when added to the Participant's other Elective Deferrals; or (b) the Catch-Up Catch‑Up Deferral dollar limit in effect for the Taxable Year as set forth below: Year Non-SIMPLE Plan SIMPLE Plan 2002 $ 1,000 $ 500 2003 $ 2,000 $ 1,000 2004 $ 3,000 $ 1,500 2005 $ 4,000 $ 2,000 2006 $ ($5,000 $ 2,500for 2006).
Appears in 1 contract
Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)
Limit on Catch-Up Deferrals. A Participant's ’s Catch-Up Deferrals for a Taxable Year may not exceed the lesser of: (a) 100% of the Participant's ’s Compensation for the Taxable Year when added to the Participant's ’s other Elective Deferrals; or (b) the Catch-Up Deferral dollar limit in effect for the Taxable Year as set forth below: Year Non-SIMPLE Plan SIMPLE Plan 2002 $ $1,000 $ $500 2003 $ $2,000 $ $1,000 2004 $ $3,000 $ $1,500 2005 $ $4,000 $ $2,000 2006 $ $5,000 $ $2,500
Appears in 1 contract
Limit on Catch-Up Deferrals. A Participant's Catch-Up Deferrals for a Taxable Year may not exceed the lesser of: (a) 100% of the Participant's Compensation for the Taxable Year when added to the Participant's other Elective Deferrals; or (b) the Catch-Up Deferral dollar limit in effect for the Taxable Year as set forth below: Year Non-($6,000 for 2018, or for a SIMPLE Plan SIMPLE Plan 2002 $ 1,000 $ 500 2003 $ 2,000 $ 1,000 2004 $ 401(k). $3,000 $ 1,500 2005 $ 4,000 $ 2,000 2006 $ 5,000 $ 2,500in 2018).
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Samples: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp)
