Throughout this publication, the limit on the amount that can be contributed to your 403(b) account for any year is referred to as your maximum amount contributable (MAC). This chapter:

• Introduces the components of your MAC,
• Tells you how to figure your MAC, and
• Tells you when to figure your MAC.

Generally, before you can determine your MAC, you must first figure the components of your MAC. The components of your MAC are:

• The limit on annual additions (chapter 3), and
• The limit on elective deferrals (chapter 4).