Tax Deferred Annuity Plan (TDA) and Stanford Contributory Retirement Plan (SCRP) Use this spreadsheet to calculate your maximum before-tax contributions for 2009 UPDATE CELLS IN GREEN ONLY USE THE INFORMATION IN YELLOW TO MAKE YOUR ELECTION PRINT A COPY OF THE SPREADSHEET FOR YOUR RECORDS Enter the following information: Your year-to-date TDA and SCRP before-tax contributions on your pay stub dated ** 09/07/09 Your annual salary Your age on 12/31/09 ***Very Important***
This calculator is based on 24 annual pay periods. This calculator will not work for employees paid on 18 pay period basis or those whose salary is over $245,000 annually. Please contact BenefitSU for assistance with these calculations.
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Result: To maximize your before-tax contributions without reaching your annual limit you could contribute up to #DIV/0! to the TDA or SCRP for the rest of 2009. You need to make this election via the SRM before 12pm PT The election will apply to your paycheck dated 09/10/09 09/22/09
** If you have not received this paycheck yet, you can project the amount or wait until you receive the pay stub. Keep in mind: 1. If you are eligible for the SCRP, you want to make sure you are contributing at least 4% before-tax or after-tax to the SCRP so you do not miss any Matching Contributions. 2. This calculation is based on your current salary. If your salary increases or decreases during 2009, you will need to recalculate the percentage. 3. The TDA/SCRP only allows deductions in whole percentages, therefore, the percentage shown above allows you to come close to your annual before-tax limit, but you will not hit the limit. 4. If the percentage shown above is less than the percentage you are currently contributing, you need to lower your before-tax percentage or make sure you elect after-tax contributions of at least 4% when you reach your limit. 5. This spreadsheet is a tool to help you determine your contribution percentage, you still need to monitor your year-to-date contributions on your pay-stubs. 6. If you made before-tax contributions to another employer's qualified plan, you should add the contributions to your year-to-date Stanford contributions. Calculation based on: Today's date 2009 Before-tax Limit 2009 Before-tax Limit, if 50 by 12/31/09
8/30/2009 16,500.00 22,000.00
8243b231-7586-443d-95d5-50a1824b7e40.xls
8/30/2009