UB FOUNDATION ACTIVITIES, INC. RETIREMENT PLAN “CATCH UP” CONTRIBUTION AGREEMENT FOR SALARY REDUCTION UNDER SECTION 403(B)Retirement Plan Contribution Agreement • May 21st, 2020
Contract Type FiledMay 21st, 2020The IRS allows individuals who are age 50 or over to make annual “catch-up” contributions. Catch-up contributions are supplemental contributions that participants age 50 or older (or turning 50 during the calendar year) can make to the Plan beyond the IRS maximum amount they can contribute through regular contributions.