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Quantech and 402(g) or 415 limit


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Posted

Anyone having problems with Quantech handling the 402(g) limit or 415 limit incorrectly? Just curious if this is just a plan I ran into with one plan or an overall problem. Ran a payroll that limited the participant to $10,000 even though the limitation table says $10,500.

Guest Sue Michalski
Posted

Is yours a non-calendar year plan, where there are 2 limits

for deferrals?

Posted

The plan is a calendar year plan

Posted

on a lark, is ir possible plan specs are set to 'table override' at $10,000?

Posted

We checked plan specs and it was setup to use the table which indicated $10,500.

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