415 and 401(a)17 limits - Terminated (short year) Plan

[Vlad401k]

I've done some research on this matter, but received conflicting information.

Let's say that the plan's effective date of termination is 6/30/2014. However, the last distribution from the plan actually takes place on 12/31/2014.

For 415 limit ($52,000 plus catch up), as I understand it, the limit is pro-rated and is only $26,000, because the plan terminated half way through the year.

1) Is that a correct assumption?

2) As I understand it, the catch up limit is not pro-rated. Is that correct?

Is the 401(a)17 limit ($260,000 for 2014) pro-rated? I've read that there are 2 ways to interpret this limit. It could be affected by the effective termination date (in which case, it will be decreased to $130,000) or the actual date of the final distribution (in which case it's unaffected). Let's say the plan document offers no guidance on this, can the plan use either way to test the plan?

Finally, let's say the termination date and actual date of final distribution were 6/15/2014 and 12/15/2014 respectively. Would that have any effect on the way the limits are pro-rated. Would you simply take number of days divided by 365 or not?

[K2retire]

Since catch up is a personal, calendar year limit, it seems reasonable to assume it would not be prorated.