Short Plan Yar Help

[imchipbrown]

Company has maybe 20 ees, including 3-4 HCEs. Changed from fiscal 4-1 to 3-31 year to short 4-1 to 12-31-05 year.

I know I have to pro-rate salary 210*3/4 or $157,500. Integrated, so level is same fraction (3/4). Looking for max contribution.

Question is, 415 dollar limit, and what's counted against it. Had a guy defer $14,000 in first three months of '05 that were in the year end 3/31/05 tests. Knock that off the $ limit?

Others deferred regularly.

I guess the questions are 404© limits (I think 25% pay for short period) and 415© $ limit (when a short year and deferrals in the calendar year). Allocation limits?

Any help would be appreciated.