2758ebfe-213f-43a8-8d47-5e95c351a25e.xls EMPLOYEE NAME: Which SUPPLEMENTAL PLAN are you changing? SELECT ONE Which PAY DATE do you want this effective? See Payroll Schedule YTD CONTRIBUTIONS $0.00 Enter YTD from Most Recent Paycheck Stub, click here for PHR login 2010 IRS MAXIMUM $16,500.00 AGE 50 CATCH-UP CONTRIBUTION $0.00 If OVER 50 years of age enter $5,500 otherwise enter $0 (see rules) OTHER CATCH-UP CONTRIBUTUIONS $0.00 See Contribution Rules and enter amount, otherwise enter $0 TOTAL Amount need to MAX OUT for 2010 $16,500.00 Enter the # of Pay Periods Left in Calendar Year See Payroll Schedule MAXIMUM DEDUCTION PER-PAYCHECK #DIV/0! Please CLICK ON LINKS BELOW for the applicable Forms to change your current deduction: TIAA CREF 403(b) TIAA CREF 457(b) Fidelity 403(b) Fidelity 457(b) CONTRIBUTION RULES Additional Features 403(b) Plan 457(b) Public Plan Considerations Employees might consider contribution to both plans -- The lesser of $16,500 or The lesser of $16,500 or especially those who are Contribution 100% of compensation. 100% of compensation. highly compensated. Limits Governed by Sections 415 Governed by Sections Employee can contribute and 402(g). 457(b) the maximum to each plan in the same calendar year. There is no coordination There is no coordination between 403(b) and 457(b) between 403(b) and 457(b) Contribution plans. Employees can plans. Employees can Coordination contribute the maximum to contribute the maximum to both. both. Addition $5,500 elective Addition $5,500 elective salary deferral is permitted salary deferral is permitted Employees are eligible for Age 50 Catch-Up for those age 50 and older. for those age 50 and older. the age-50 catch-up in both Amounts Can use higher limit at age Can use higher limit at age 403(b) and 457(b) plans. 50 for 403(b) and 457(b) in 50 for 403(b) and 457(b) in the same plan year. the same plan year. For those with 15 or more consecutive years of For those within three years service (same eligible of plan's normal retirement The 457(b) plan might work employer), up to an age, additional amount up better for participants who additional $3,000 elective to the applicable limit or think they might be able to unused amounts from prior Other Catch-Up salary deferral per year contribute substantially ($15,000 lifetime years, whichever is less. Amounts more as they near maximum). Prior year Employees are eligible for retirement, because of the contributions may limit this the greater of this more generous catch-up amount. Employees are enhanced limit or the age provisions. eligible for both age-50 and 50 catch-up contributions, 15-year catch-up but not both contributions.
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