Catch-Up Contribution Limit definition

Catch-Up Contribution Limit means the annual limit on Catch-Up Contributions and Roth Catch-Up Contributions under Code section 414(v)(2). The maximum dollar amount of the Catch-up Contributions and Roth Catch-Up Contributions for a year is $6,000, and is adjusted for cost-of-living to the extent provided under the Internal Revenue Code for periods after 2015.

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Catch-Up Contribution Limit means the maximum contribution permitted under Section 414(v) of the Code in a Participant's taxable year, determined by including elective deferrals under other qualified plans or agreements other than this Plan maintained by a Participating Company or a Non-Covered Company. For this purpose, a Participant's taxable year shall be presumed to be the calendar year.

Catch-Up Contribution Limit means the annual limit on Catch-Up Contributions and Roth Catch-Up Contributions under Code section 414(v)(2).

Examples of Catch-Up Contribution Limit in a sentence

A Catch-Up Contribution is a Pre-Tax Contribution and/or ▇▇▇▇ Contribution made to the Plan by a Participant who is age 50 or over by the end of his or her taxable year that: (1) exceeds any of the Applicable Limits, as defined below and (2) is treated under the Plan as a Catch-Up Contribution, but only to the extent that it does not exceed the Catch-Up Contribution Limit, as defined below.
First, if Catch-Up Contributions are permitted, a catch-up eligible Participant who has Excess Annual Additions which include Elective Deferrals and who has not reached his or her Catch-Up Contribution Limit can recharacterize such Excess Annual Additions as Catch-Up Contributions.
The Catch-Up Contribution Limit in a SIMPLE 401(k) Plan is $500 for 2002, increasing by $500 for each Year thereafter up to $2,500 for 2006.
For purposes of the preceding sentence, the “largest amount” is determined by including and excluding such Employer contributions actually paid over to the Trust on behalf of such Participant for the Plan Year that are described in Section 1.6. To the extent a Highly Compensated Employee has not reached his or her Catch-Up Contribution Limit, Excess Contributions allocated to such Highly Compensated Employee are Catch-Up Contributions and will not be treated as Excess Contributions.
After 2006, the Catch-Up Contribution Limit of $2,500 will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code §414(v)(2)(C).
The Catch-Up Contribution Limit for a taxable year is the dollar limit on Catch-Up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year.
The Age 50 Catch-Up Contribution Limit for taxable years beginning in 2015 is $6,000.
The Age 50 Catch-Up Contribution Limit for taxable years beginning in 2015 and 2016 is $6,000.
The maximum annual contribution limits for SIMPLE-▇▇▇ contributions for the following tax years are: Tax Years Annual SIMPLE-▇▇▇ Contribution Limit Annual SIMPLE-▇▇▇ Catch-Up Contribution Limit for Depositor at Least Age 50 Maximum Annual SIMPLE-▇▇▇ Contribution Limit for Participants at Least Age 50 (including Catch-Up) 2013 $12,000 $2,500 $14,500 2014 $12,000 $2,500 $14,500 is effective.
Age 50 Catch-up Contributions for a Participant for a taxable year may not exceed the Age 50 Catch-Up Contribution Limit.

More Definitions of Catch-Up Contribution Limit

Catch-Up Contribution Limit means the dollar amount, as adjusted under Code Section 414(v)(2)(B) for the applicable Plan Year.

Catch-Up Contribution Limit means the statutory limit on Catch-Up Contributions for a Participant for any taxable year. A Participant’s Catch-Up Contributions for a taxable year may not exceed (a) the dollar limit on Catch-Up Contributions under Code §414(v)(2)(B)(i) for the taxable year, or (b) when added to other Elective Deferrals, 100% of the Participant’s Compensation for the taxable year. The dollar limit on Catch-Up Contributions under Code §414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code §414(v)(2)(C). Any such adjustments will be in multiples of $500. Different limits apply to Catch-Up Contributions under SIMPLE 401(k) plans.

Catch-Up Contribution Limit means the statutory limit on Catch-Up Contributions for a Participant for any taxable year. A Participant’s Catch-Up Contributions for a taxable year may not exceed (a) the dollar limit on Catch-Up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year, or (b) when added to other Elective Contributions, 100% of the Participant’s Compensation for the taxable year. The dollar limit on Catch-Up Contributions under Code Section 414(v)(2)(B)(i) is $5,000, subject to adjustment by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.