Annual Additions for an off cal. plan year

[doombuggy]

I have a pye of 9/30/05. Employer makes the required 3% SH non-elective contribuiton and is interested in making a P/S contribution. It is cross tested with him in Class A (shareholders0 and everyone else in Class B (staff). He deferred $16,500 (no one else deferred).

I guess my question is whcih limit is the annual additon for the 9/30/05 PYE? $41k, since teh plan year begins in 2004, or $42k, as the plan ends in 2005? I can't seem to find an answer - this is a takeover plan and the document seems incomplete. Any thoughts?

[Jilliandiz]

2004, the beginning of the plan year is the tax year your filing for.

[Tom Poje]

415 limits are a strange animal. they are actually based on plan year end.

1.415-6(d) references

1.415-5(a)

adjusted ... limit.. is effective as of January 1 of each calendar year and applies with respect to limtation years ENDING with or within the calendar year.

[Leopurrd]

Also, you may want to verify if any of the deferral is catch-up - your non-discrimination testing and 415 limits do not include any catch up contributions.

[SMB]

In this same vein (i.e., safe-harbor 401(k) with a 09/30/05 PYE): What exactly is the "catch-up contribution" amount for such a non-calendar-year plan if the only effective "limit" is 402(g)?