CSD-RT RFP Recordkeeping_Administration Services Response 3-

times years of service” calculation and the $15,000 lifetime cap;

both will be limited based on inception-to-date contributions to the

403(b) Retirement Plans.

9.3.2.4 Section 402(g) limit monitoring will include and be limited to

contributions reported through the Retirement Manager service.

9.3.2.5 Deferrals will be monitored for the Participating Employee solely

with respect to Retirement Plans of the Employer. Contribution

limits will not be monitored for a Participating Employee for

multiple employers.

9.3.3

Code Section 457(b) for Code Section 457(b) Plans

9.3.3.1 RMLM will monitor the basic limit of the lesser of $15,500

(2008), as indexed, or 100% of includible compensation; and, if

applicable, the special catch-up limit under Code Section

457(b)(3). For the purpose of this limit, includible compensation is

defined as gross compensation as provided by the Employer.

9.3.3.2

In monitoring this limit, both employee salary reduction and

Employer contributions to all 457(b) Retirement Plans reported

will be included.

9.3.3.3 The special catch-up limit will only be monitored based on data

provided by the Employer through Retirement Manager. The

special catch-up limit is applicable only when the Participating

Employee is eligible. The special catch-up limit is available in the

three years prior to the year of the Participating Employee’s

Normal Retirement Age as defined in the Employer’s plan, and

will not exceed the lesser of the applicable dollar limit or the

amount of unused reserve.

9.3.3.4 Contribution limits will be monitored for the Participating

Employee solely with respect to Retirement Plans of the Employer.

Contribution limits will not be monitored for the Participating

Employee across multiple employers.

9.3.4

Code Section 414(v) for Code Section 403(b) and 457(b) Plans

9.3.4.1 RMLM will monitor the age-based catch-up limits under Code

Section 414(v) for elective deferral contributions.

9.3.4.2 RMLM will monitor the 414(v) age-based catch-up limit for all

403(b) and governmental 457(b) Retirement Plans. Code Section

414(v) limits will be separately monitored for the 403(b) and

governmental 457(b) plans.

9.3.4.3 Code Section 414(v) limits will be calculated for Participating

Employees who are age 50 or older.

9.3.4.4 Only contributions reported through the Retirement Manager

service will be included in the RMLM calculations.

9.3.4.5 Deferrals will be monitored for the Participating Employee solely

with respect to Retirement Plans of the Employer. Contribution