Okla. Admin. Code § 590:40-9-1
Current through Vol. 42, No. 8, January 2, 2025
The maximum amount of the Deferral under the Plan for any calendar year shall not exceed the lesser of (i) the "Applicable Dollar Amount" or (ii) the Participant's "Includible Compensation" for the calendar year. For purposes of this Section, the Applicable Dollar Amount is the amount established under Section 457(e)(15) of the Code; and the Participant's Includible Compensation has the same definition as "Compensation" in 590:40-7-46. The Participant is responsible for monitoring his or her contributions to ensure that he or she does not exceed the applicable limits. Employer matching contributions will be suspended for the remainder of the calendar year once the applicable limits are reached.
Okla. Admin. Code § 590:40-9-1