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What is the maximum contribution per year per employer?

April 26, 2017contribution employer maximum year

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What is the maximum contribution per year per employer?

2 Answers

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The Federal Government limits the maximum amount of annual compensation per employer that can be taken into account for determining contributions for a participant under a qualified plan. For the year 2009 this amount is $245,000.00. The maximum employer contribution for an actor/stage manager for the year 2009 is, therefore, $7,350.00 (3% of $245,000.00).

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Posted

The Federal Government limits the maximum amount of annual compensation per employer that can be taken into account for determining contributions for a participant under a qualified plan. For the year 2010 this amount is $245,000.00. The maximum employer contribution for an actor/stage manager for the year 2010 is, therefore, $7,350.00 (3% of $245,000.00).