• The regular elective deferral limit is $18,000 per calendar year.
• The catch-up contribution limit for employees age 50 and over is $6,000 per calendar year.
And as an education organization, if you have 15 or more years of full-time employment at Heartland AEA, you may be eligible for an additional catch-up contribution of up to $3,000 per calendar year (lifetime maximum of $15,000). A calculation is required to determine the actual amount, if any, available under this special catch-up provision. If you have any questions, contact Steve Jordan, Senior Payroll Specialist, at ext. 14908.
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