Fiscal Year End / Employees Calendar Year

[imchipbrown]

I've got a case where the institution has a fiscal year end of 6/30. We check 415 limits for the fiscal year.

As I understand it, we must also check 415 limits on a calendar year basis for exclusion allowance purposes.

The question is, how to determine the annual additions. There's a 403(B) with 5% match and an integrated 5% + 10% 401(a) plan. The Plans state that contributions are credited on the last day of the Plan Year. In practice, contributions are being made monthly to eligible employees.

So, for the employees calendar 415 calc, would you add up contributions made during the calendar year, or the contributions creditted on 6/30, plus the deferral for the calendar year, or something else.

Thats in advance.