Common use of Contribution Limits Clause in Contracts

Contribution Limits. The IRS limits the amounts that can be contributed to retirement plans annually. •The overall limit [415(c)] is the total of employer and employee salary deferral contributions. One’s personal limit is capped at the lesser of the IRS stated dollar amount or his/her includible compensation (excludes housing allowance). •The employee salary deferral limit [402(g)] covers all pre-tax and ▇▇▇▇ deferrals to all 403(b) and 401(k) plans. •The age 50 catch-up limit [414(v)] allows Members who turn age 50 or older during the calendar year to make additional deferral contributions up to the catch-up limit. For current year information, please visit the homepage of the FCMM website (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) The FCMM Summary Plan Description is available at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and should be made available to all FCMM plan participants as a reference when questions arise about their 403(b) accounts. A copy of this form must be kept at your location for your records and sent to FCMM. Submit this completed form to FCMM using one of the methods below, preferably using our secure file exchange. ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ FCMM Benefits & Retirement ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ 240123 A copy of FCMM’s Privacy Notice can be found at ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ FORM 28 – DESIGNATION/REVOCATION OF EMPLOYER AUTHORIZED CONTACT Organization Name: Org #/Church ID: Organization Address: Street City State Zip Code

Contribution Limits. The IRS limits the amounts that can be contributed to retirement plans annually. •The overall limit [415(c)] is the total of employer and employee salary deferral contributions. One’s personal limit is capped at the lesser of the IRS stated dollar amount or his/her includible compensation (excludes housing allowance). •The employee salary deferral limit [402(g)] covers all pre-tax and ▇▇▇▇ deferrals to all 403(b) and 401(k) plans. •The age 50 catch-up limit [414(v)] allows Members who turn age 50 or older during the calendar year to make additional deferral contributions up to the catch-up limit. For current year information, please visit the homepage of the FCMM website (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) The FCMM Summary Plan Description is available at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and should be made available to all FCMM plan participants as a reference when questions arise about their 403(b) accounts. A copy of this form must be kept at your location for your records and sent to FCMM. Submit this completed form to FCMM using one of the methods below, preferably using our secure file exchange. ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ FCMM Benefits & Retirement ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ 240123 2401 A copy of FCMM’s Privacy Notice can be found at ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ FORM 28 – DESIGNATION/REVOCATION OF EMPLOYER AUTHORIZED CONTACT Organization Name: Org #/Church ID: Organization Address: Street City State Zip Code

Contribution Limits. The IRS limits the amounts that can be contributed to retirement plans annually. •The overall limit [415(c)] is the total of employer and employee salary deferral contributions. One’s personal limit is capped at the lesser of the IRS stated dollar amount or his/her includible compensation (excludes housing allowance). •The employee salary deferral limit [402(g)] covers all pre-tax and ▇▇▇▇ deferrals to all 403(b) and 401(k) plans. •The age 50 catch-up limit [414(v)] allows Members who turn age 50 or older during the calendar year to make additional deferral contributions up to the catch-up limit. For current year information, please visit the homepage of the FCMM website (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) website. The FCMM Summary Plan Description is available at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and should be made available to all FCMM plan participants as a reference when questions arise about their 403(b) accounts. A copy of this form must be kept at your location for your records and sent to FCMM. Submit this completed form to FCMM using one of the methods below, preferably using our secure file exchange. ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ FCMM Benefits & Retirement ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ 240123 A copy of FCMM’s Privacy Notice can be found at ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ 2301 FORM 28 – DESIGNATION/REVOCATION OF EMPLOYER AUTHORIZED CONTACT Organization Name: Org #/Church ID: Organization Address: Street City State Zip Code