CONTRIBUTIONS TO CODAS - EMPLOYEE
01.Core Concepts
Employee Contributions • Elective deferral contributions • Limited to $23,500 for 2025 per year • Student loan payments on which the employer provides a match are a “deemed” contribution by the employee • Additional $7,500 for 2025 for age 50 and older (or $11,250 for ages 60-63 for 2025) • Subject to payroll taxes • After-tax contributions are permitted • If plan document allows • Roth contributions are allowed after 2005 • If plan document allows