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¡@ How do the maximum and minimum amounts apply? If an employee earns less than $4,000 per month, he can elect to contribute or not. However, the employer must still make the 5% contribution commencing from the first dollar that the employee earns. If an employee earns over $20,000 per month, neither he nor his employer is obligated to contribute on the excess cash earnings. Should the employee choose to contribute on the excess cash earnings, there is no obligation for the employer to match this contribution, or vice versa. ¡@ |