S.D. Admin. R. 62:03:03:02

Current through Register Vol. 51, page 67, December 16, 2024

Section 62:03:03:02 - Maximum deferral

Except as provided in § 62:03:03:03, a participant may not defer more in any plan year than the lesser of the applicable dollar amount associated with a particular year pursuant to § 457(e)(15)(A) of the code, as indexed after 2006 pursuant to § 457(e)(15)(B) of the code, or one hundred percent of the participant's includible compensation.

S.D. Admin. R. 62:03:03:02

14 SDR 57, effective 10/18/1987; 24 SDR 160, effective 5/24/1998; 28 SDR 111, effective 2/14/2002.

General Authority: SDCL 3-13-54.

Law Implemented: SDCL 3-13-54.