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415(c) Limits

Guest Jhagan

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Guest Jhagan

Many Elected Officials receive a small amount of salary for their service. Since the annual additions limitation is lesser of 100% of salary or $41,000 (as indexed), is the most they could ever receive is their salary amount? Since more than likely their salary would always be under $41,000 limitation. Many times, it is less than a few thousand per year.

Any other type of plan that would allow a higher employer contribution?

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