Lori H Posted July 17, 2012 Posted July 17, 2012 A profit sharing plan has a is 4/1/2011 through 3/31/2012 plan year. Does the 2011 limits or apply or the 2012 limits? Thanks.
ETA Consulting LLC Posted July 17, 2012 Posted July 17, 2012 A profit sharing plan has a is 4/1/2011 through 3/31/2012 plan year. Does the 2011 limits or apply or the 2012 limits?Thanks. 2012. Good Luck! CPC, QPA, QKA, TGPC, ERPA
John Feldt ERPA CPC QPA Posted July 17, 2012 Posted July 17, 2012 The 415 limit is 2012, but what about the 401(a)(17) limit?
ETA Consulting LLC Posted July 17, 2012 Posted July 17, 2012 The 415 limit is 2012, but what about the 401(a)(17) limit? 2011 Good Luck! CPC, QPA, QKA, TGPC, ERPA
Tom Poje Posted July 18, 2012 Posted July 18, 2012 415 is the only plan limit that is end of the year, all others are beginning of the year. well, then, of course, deferrals are a calendar year limit and have nothing to do with plan year. by the way, based on the current CPI-Uvalue released yesterday the deferral limit for next year (nrounded) would be 17,510, which is just enough to increase the limit to 17,500. we have 3 months to go, in an election year. hmmm. I think prices usually come down a bit under those conditions, simply by coincidence of course, so the figure will probably drop under the 17,500.
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