The IRS allows those 50 and older to make catch-up
contributions over and above the regular annual limit of $16,500-- but only if the employer allows them.
Final regulations (35) relaxed the "universal availability" requirement, under which a controlled group cannot pick and choose which of its plans will allow catch-up
Once an employee who is 50 or older has deferred the maximum amount allowed under elective-deferral and annual-addition limits, catch-up
contributions can be allowed in the plan.
Under clear skies Wednesday - and with the threat of more rain today - asphalt ``raker'' Glen Partello, 33, and truck driver Carlos Valenciano, 25, played catch-up
, filling a hole the size of an elephant's footprint on Vanowen Street in Van Nuys.
Though technology and its uses have changed, the IT organizations at most corporations are still in a catch-up
mode when it comes to meeting business-strategy requirements, let alone providing strategic advantage.
Accountants continue to play technology catch-up
- upgrading to more powerful computers and software, adding more peripheral equipment and, most important, using this high-tech gear to work more efficiently and effectively.
The city is playing a catch-up
game for resale homes, he said.
borders, American small- and medium-sized businesses that don't go global today will be playing catch-up
tomorrow," said Dan Brutto, president, UPS International.
6pm: Every two months our |Board of Trustees meets for a couple of hours to keep me on the right track 8pm (approx): Head home, ready |to walk the dog around the local fields or to the pub, relax with catch-up
TV/radio, and gardening in the summer months
Take Advantage of Catch-Up
Contributions - Beginning January 1, 2002, your plan may allow investors age 50 or older by plan year-end to make an additional $1,000 catch-up
contribution in their 401(k)s.
True, I have neglected my telly but True, I have neglected my telly but I'm back for the catch-up
of all I'm back for the catch-up
of all catch-ups
In 2002, contribution limits will be set at $3,000 for all IRA holders, with an additional $500 catch-up
for individuals age 50 and over.