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- The term “annual additions” generally means the sum for any year of employer contributions,
employee contributions, and forfeitures.
- For plans that include salary deferral features, individuals who are age 50 and older by the end
of the calendar year may make catch-up contributions in addition to the annual addition limit,
if catch-up contributions are permitted under the plan.
Notes for off-calendar plan years:
- Deferral limits are on a calendar year basis, regardless of plan year.
- Use the taxable wage base (TWB) in effect at the beginning of the plan year.
- Use the annual compensation limit in effect at the beginning of the plan year.
- Use the annual additions limit in effect at the end of the calendar year.