Assertion: elective deferral contribution | /r/HasProperty | allowed
Facets:
Source sentences:
text: Yes, additional “catch-up” elective deferral contributions are allowed for employees who have reached age 50.
text: If less than 50% of the eligible employees choose to make elective deferrals to the SARSEP for a year, all elective deferral contributions made by other eligible employees for that year are disallowed and must be withdrawn from the employees' SEP-IRAs.