SOCIAL SECURITY INTEGRATION: DC PLANS
01.Core Concepts
EXCESS METHOD Jerry is a participant in Tidwell Inc.’s defined contribution plan. • Jerry’s Salary = $200,000 • Tidwell Inc.’s base contribution rate is 8% up to the Social Security wage base and it uses the maximum excess contribution rate for wages in excess of the Social Security wage base. • 2025 Social Security wage base is $176,100. • What is the contribution for Jerry in 2025?