Mid-year plan termination; pro rata adjustment to compensation limit n

[Guest JasonElliott]

Assuming a plan has a calendar plan year, and has created a Board of Director's Resolution to terminate the plan as of Aug. 31. However, assets are not fully liquidated until Sept. 30. Is compensation limits (i.e. $170,000) prorated for the 8 months ending in August or do you need to pro-rate the compensation limit through September?