Contribution Limits (BN18.5)
Use Contribution Limits (BN18.5) to define contribution limits and company contributions for a plan in which employees elect contributions within limits. For example, use this form for a spending account in which the company limits the amount an employee can contribute.
Use this form also for vacation plans to define the maximum number of hours employees can buy or sell and the cost of those hours.
Use this form for employee or COBRA participant contributions.
Use this form only if the Contribution Type field is Contribution Limits in BN15.1 (Benefit Plan) for the plan.
Processing Effect
Any amounts on this form use the currency associated with the plan on BN15.1 (Benefit Plan).
Annual contributions for COBRA participants are divided by 12 to determine the monthly billing amount.