The contributions made under this plan are subject to certain limits set by the federal government.Contributions can only be made on your annual earnings, to an earnings maximum of $280,000 in 2019 (this maximum is determined by the IRS and subject to change).
In addition, Internal Revenue Code (IRC) Section 415 limits the amount of contributions that can be made in a year to the lesser of $56,000 (2019 amount) or 100 percent of your compensation.
Finally, the IRC requires that contributions do not discriminate in favor of highly-compensated employees. If your contributions are affected by the nondiscrimination rules, you will be notified.
When you leave the Research Foundation for SUNY you can also roll over your RF contributions to your next employer if they have an eligible plan and allow this type of contribution.
Contact your campus benefits office for more information.