In general
In the case of a qualified employee of a qualified organization, with respect to employer contributions described in paragraph (3)(C) made by such organization, the limitation of paragraph (1) for any taxable year shall be increased by whichever of the following is the least:
(i) $3,000,
(ii) $15,000 reduced by the sum of— (I) the amounts not included in gross income for prior taxable years by reason of this paragraph, plus (II) the aggregate amount of designated Roth contributions (as defined in section 402A(c)) permitted for prior taxable years by reason of this paragraph, or
(iii) the excess of $5,000 multiplied by the number of years of service of the employee with the qualified organization over the employer contributions described in paragraph (3) made by the organization on behalf of such employee for prior taxable years (determined in the manner prescribed by the Secretary).
(i)#
$3,000,
(ii)#
$15,000 reduced by the sum of—
(I) the amounts not included in gross income for prior taxable years by reason of this paragraph, plus
(II) the aggregate amount of designated Roth contributions (as defined in section 402A(c)) permitted for prior taxable years by reason of this paragraph, or
(ii)(I)#
the amounts not included in gross income for prior taxable years by reason of this paragraph, plus
(ii)(II)#
the aggregate amount of designated Roth contributions (as defined in section 402A(c)) permitted for prior taxable years by reason of this paragraph, or
(iii)#
the excess of $5,000 multiplied by the number of years of service of the employee with the qualified organization over the employer contributions described in paragraph (3) made by the organization on behalf of such employee for prior taxable years (determined in the manner prescribed by the Secretary).