Fiscal plan deferral limit

[Jakyasar]

Hi

Plan year is 7/1/2021 to 6/30/2022

Limitation year is plan year.

What is the 401k deferral limit?

Thanks

[Bri]

Still calendar-based, so one could do all 19,500 in the second half of 2021 and all 20,500 in the first half of 2022 to hit a total of 40,000 in non-catchup deferrals all within the same plan year.

[Gilmore]

On erisapedia.com/webcasts/ there is a recorded webcast called, "Pass the Catch-Up".  I believe it is free for anyone to watch.  Derrin Watson goes through a really detailed example of an off-calendar plan year dealing with 402(g), 401(a)(30), catch-up, ADP refunds...  

If I remember, that example is towards the end of the presentation if you wanted to skip through.

[Jakyasar]

Thanks for reminding me of the webcast. It was mind blowing.