Printer Friendly
The Free Dictionary
982,806,118 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Annual Addition

    0.01 sec.
Annual Addition
The maximum dollar amount that may be contributed to a participant's retirement account under a defined-contribution plan.

Notes:
For instance, the maximum annual addition for a participant under a defined-contribution plan for any tax year is 100% of the individual's eligible compensation or a certain dollar limit, whichever is less. For 2005, the dollar limit is $42,000, but every new tax year this may be indexed for inflation by a $1,000 increment.


?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
No references found
 
Employee deferrals are not included in the deduction limit, though they are included in the annual addition limit.
419(d)(2) states that deductible contributions to the trust to fund a post-retiree medical reserve are treated as an annual addition to the employer's defined-contribution plan and, thus, cannot exceed the amount that can be contributed to a defined-contribution plan (e.
But the discrepancy between years of budget increases and years of mediocre academic outcomes did not deter New York State Supreme Court Judge Leland DeGrasse from deciding that the problem could be solved by an annual addition of $5.
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.