Common use of LIMITS ON CONTRIBUTIONS Clause in Contracts

LIMITS ON CONTRIBUTIONS. Contributions to this annuity contract that represent contributions to the Plan must not exceed the limits set forth in IRC Section 415. Contributions to this annuity contract that represent elective deferrals cannot exceed the limits of IRC Section 402(g). Catch-up contributions may be made to the full extent permitted by IRC Section 414(v). Additional limits may apply under the terms of the Plan. The Plan Administrator shall ensure compliance with these IRC limits and any Plan limits.

Appears in 6 contracts

Samples: Massmutual Ascend Life Insurance Co, Massmutual Ascend Life Insurance Co, Massmutual Ascend Life Insurance Co

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