Contributions to this plan are subject to the provisions and limitations of the Internal Revenue Code and IRS regulations and rulings, including the contribution limits in Sections 402(g), 401(m), and 415.
All University contributions to this plan must be used for the benefit of plan members and beneficiaries. Once made, the contributions cannot be taken back by the University, except if made as a result of a mistake in fact. A mistaken over-contribution to your account by the University will be returned to the University. A contribution by you that exceeds any of the limits or is otherwise a mistake will be transferred to your account in the Supplemental Retirement & Savings Plan or returned to you, with earnings, in accordance with IRS rules.
You should also know about the advantages of this plan, investment restrictions, tax considerations, and other administrative and legal issues.