Dougsbpc Posted January 4, 2013 Posted January 4, 2013 Suppose you have a one participant plan that has a plan year that begins 9/1/2012 and ends 8/31/2013. If the plan terminates 2/28/13, the participant has 10 years of participation, maximum average salary and is age 65, would his 415 dollar limit be $17,083? Thanks.
Andy the Actuary Posted January 4, 2013 Posted January 4, 2013 Given the facts and circumstances, yes. $205,000 applicable to limitation years ending in 2013. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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