TPApril Posted November 12, 2021 Report Share Posted November 12, 2021 HCE terminates 3/31 of a calendar plan year. The plan itself does not terminate or have a short plan year. HCE earns $300,000 for that plan year. For purposes of benefit calculations, for 2021 for example, would the comp be limited to $290,000, or $290,000/4= $72,500? Link to comment Share on other sites More sharing options...
Mike Preston Posted November 12, 2021 Report Share Posted November 12, 2021 There is zero justification for reducing the annual 401a17 limit in this situation. $290,000. Effen, ESOPMomma and Lou S. 3 Link to comment Share on other sites More sharing options...
CuseFan Posted November 12, 2021 Report Share Posted November 12, 2021 w/o a doubt Luke Bailey 1 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com Link to comment Share on other sites More sharing options...
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