Browse retirement contributions and plan codes.
RAC may identify an additional retirement contribution linked to a Calvert-labelled option. Additional is an employer description and does not by itself identify a permitted catch-up contribution.
Employer-specific label: this is a possible interpretation. Confirm the full meaning in the codebook for the employer that issued your statement.
How to read this entry
Use the possible interpretation Additional retirement contribution associated with Calvert alongside the column heading. An earnings amount, an employee deduction and an employer-cost memo can have different effects even when their labels look similar.
Example on a pay statement
A base contribution of $100 and RAC of $25 can be two parts of one election rather than two separate annual contribution limits.
Examples illustrate the checking method. They are not a personal tax calculation or a promise of a particular benefit.
What to check with payroll
Check whether this is an ordinary voluntary contribution, a catch-up or an employer contribution.
Compare related entries
Read the retirement contributions and plan codes guide to compare the entries in this part of your statement. Use the full pay stub code directory when a second abbreviation is unfamiliar.
Reference and scope
Official guidance on retirement contributions and plan codes provides background on the underlying rules. It does not validate an individual employer’s internal abbreviation.