Assertion: catch contribution | /r/HasProperty | elective deferral
Facets:
value: generally
type: DEGREE
Source sentences:
text: A catch-up contribution is an elective deferral made by a participant age 50 or older that exceeds a statutory limit, a plan-imposed limit, or the actual deferral percentage (ADP) test limit for highly compensated employees (HCEs).
text: A catch-up contribution is, generally, an elective deferral made by a catch-up eligible participant that exceeds a statutory limit, a plan-imposed limit, or the ADP limit (an “applicable limit”).
text: A catch-up contribution is any elective deferral made by an eligible participant that is in excess of the statutory limit ($18,500 in 2018), an employer-imposed plan limit, or any limit applied in order for the plan to satisfy the ADP nondiscrimination test for the year.