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10.3.7
After the final payroll is received for a calendar year, the Employer will
provide the data to be used to calculate the IRC Contribution Limits.
When such data has been provided by the Employer, the inception-to-date
contribution data will be updated and subsequent IRC Contribution Limit
calculations will be based on that data.
10.3.8
Employer acknowledges that RMLM monitors only Internal Revenue
Code limits and not lesser limits that may be imposed under the
Employer’s Retirement Plans.
10.3.9
Employer acknowledges that the accuracy of RMLM is based on the
Employer and/or Participating Employee’s providing VRSCO complete
and accurate data and that the accuracy of future year calculations depends
on all corrections being made through Retirement Manager. VRSCO is
entitled to rely on and will be fully protected in acting on data and
direction provided by the Employer, the Plan Administrator, or another
authorized Plan representative or the Participating Employee and will have
no duty to inquire with respect to such data or direction.
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