S.D. Admin. R. 62:03:03:02.01

Current through Register Vol. 51, page 57, November 12, 2024

Section 62:03:03:02.01 - Roth contributions allowed - Roth and other deferrals permitted in same year - Limits

A participant may designate that all or a portion of the participant's deferred compensation be treated as designated Roth contributions. A participant may defer both designated Roth contributions and pre-tax contributions in the same year. However, total deferrals may not exceed the annual deferral limit provided in § 62:03:03:02.

S.D. Admin. R. 62:03:03:02.01

39 SDR 227, effective 7/1/2013.

General Authority: SDCL 3-13-57.

Law Implemented: SDCL 3-13-57.