A. The annual additions under any defined contribution plan shall not exceed the lesser of:
(1) Thirty thousand dollars or, if greater, one-quarter of the dollar limitation in effect under Section 415(b)(1)(A) of the Internal Revenue Code; or
(2) Twenty-five percent of such member's limitation compensation for the year.
B. "Annual additions" shall mean the sum of:
(1) Employer contributions.
(2) Forfeitures.
(3) The member's own after-tax contributions.