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UP CONTRIBUTIONS What is a catch-up contribution?

catch-up contribution contributions
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UP CONTRIBUTIONS What is a catch-up contribution?

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A catch-up contribution is any elective deferral made by an eligible participant that is in excess of the statutory limit ($15,500 in 2008), an employer-imposed plan limit, or any limit applied in order for the plan to satisfy the ADP nondiscrimination test for the year.

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