246 American Funds 403B

Applicable Pay Group(s):
Agency Specific:
LCSC (511)
Employee Ded
Tax Status:
Limit Amounts:
$19,500.00    ** See Note below!
**However, if an employee is fifty years of age or older, they are allowed an additional $6,500.00 for a total limit of $26,000.00.
The employee age is based on the current year.  'Current Year' - employee 'Birth Year' = 'Age'.  If the employee turns fifty in the current calendar year, they are eligible for the catch-up limit, even if they haven't yet reached their birthdate.