S.D. Admin. R. 62:04:01:03
Current through Register Vol. 51, page 67, December 16, 2024
A participant's compensation, for purposes of application of the provisions of SDCL 3-13A-5, paid or made available during a plan year shall include any elective deferral, as defined in § 402(g)(3) of the code, and any amount which is contributed or deferred by the participant's employer at the election of the participant and which is not includible in the gross income of the participant by reason of § 125, § 132(f)(4), or § 457(b) of the code.
S.D. Admin. R. 62:04:01:03
General Authority: SDCL 3-13A-4.
Law Implemented: SDCL 3-13A-5.