Common use of Limitations on Contributions Clause in Contracts

Limitations on Contributions. The amount you can contribute 8. SEP and SIMPLE IRA Contributions. Your employer may make depends on your MAGI for the tax year for which the contribution simplified employee pension (SEP) plan contributions to this Xxxx applies, your marital status, and your tax-filing status. The following IRA in addition to your own regular Xxxx XXX contributions. Your chart shows how your MAGI and status affect your contribution limit. employer is responsible for verifying the SEP plan's eligibility The greater your MAGI, the lesser the amount you may contribute. requirements and determining the SEP contribution amount. This Less than $10,000 Full Contribution Full Contribution Phaseout $ 10,000 - $129,000 Full Contribution Full Contribution No Contribution $129,001 - $143,999 Phaseout Full Contribution No Contribution $144,000 - $204,000 No Contribution Full Contribution No Contribution $204,001 - $213,999 No Contribution Phaseout No Contribution $214,000 or over No Contribution No Contribution No Contribution Xxxx XXX cannot accept Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA contributions from your employer.

Limitations on Contributions. The amount you can contribute 8. SEP and SIMPLE IRA Contributions. Your employer may make depends on your MAGI for the tax year for which the contribution simplified employee pension (SEP) plan contributions to this Xxxx applies, your marital status, and your tax-filing status. The following IRA in addition to your own regular Xxxx XXX contributions. Your chart shows how your MAGI and status affect your contribution limit. employer is responsible for verifying the SEP plan's eligibility The greater your MAGI, the lesser the amount you may contribute. requirements and determining the SEP contribution amount. This Less than $10,000 Full Contribution Full Contribution Phaseout $ 10,000 - $129,000 146,000 Full Contribution Full Contribution No Contribution $129,001 146,001 - $143,999 160,999 Phaseout Full Contribution No Contribution $144,000 161,000 - $204,000 230,000 No Contribution Full Contribution No Contribution $204,001 230,001 - $213,999 239,999 No Contribution Phaseout No Contribution $214,000 240,000 or over No Contribution No Contribution No Contribution Xxxx XXX cannot accept Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) IRA contributions from your employer.