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Off Calendar Year End 402(g) Limit


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Guest AdminFL
Posted

What is the 402(g) limit for an off calendar year end? Plan year end is 1/31/2003.

Posted

There is no such animal. the 402g limit is based on calendar years.

Thus the person could defer 11,000 in Dec 2002 and 12000 in Jan 2003 and as long as there were no other deferrals he would be ok.

Guest AdminFL
Posted

Thank you. I needed someone to agree with me. Now I can pass it on.

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