Common Contracts
2 similar Salary Deferral Agreement contracts
Concordia Retirement Savings Plan Salary Deferral AgreementSalary Deferral Agreement • November 7th, 2022
F Types of Contributions and Contribution Limits • You may elect to contribute to the CRSP on a pre-tax basis or after-tax Roth basis (or combination of pre-tax and Roth) up to the annual maximum allowed under the Internal Revenue Code. For the 2024 calendar year, the annual deferral maximum is$23,000 or 100% of your base salary, whichever is less.– If you will be age 50 or older during the calendar year, you may elect an additional Catch-up contribution amount. For the 2024 calendar year, the maximum Age 50 Catch-up amount is $7,500.– For more information on Catch-up contributions, visit our website at ConcordiaPlans.org/CRSP.• This Salary Deferral Agreement is a written agreement between you and your employer whereby you direct your employer to reduce your pay by a specific percentage or dollar amount. Your employer then remits your contributions for allocation to your CRSP account. You may change or cancel the amount of your salary deferral contributions at any time as allowed under
Concordia Retirement Savings Plan Salary Deferral AgreementSalary Deferral Agreement • November 19th, 2021
F Types of Contributions and Contribution Limits • You may elect to contribute to the CRSP on a pre-tax basis or after-tax Roth basis (or combination of pre-tax and Roth) up to the annual maximum allowed under the Internal Revenue Code. For the 2022 calendar year, the annual deferral maximum is$20,500 or 100% of your base salary, whichever is less.– If you will be age 50 or older during the calendar year, you may elect an additional Catch-up contribution amount. For the 2022 calendar year, the maximum Age 50 Catch-up amount is $6,500.– For more information on Catch-up contributions, visit our website at ConcordiaPlans.org/CRSP.• This Salary Deferral Agreement is a written agreement between you and your employer whereby you direct your employer to reduce your pay by a specific percentage or dollar amount. Your employer then remits your contributions for allocation to your CRSP account. You may change or cancel the amount of your salary deferral contributions at any time as allowed under
