Pammie57 Posted June 11, 2024 Posted June 11, 2024 Client has a plan that runs from 10/1/2022 through 9/30/2023. Do I use the 2022 compensation of 305,000 or 2023 compensation of 330,000 to calculate the safe harbor for the owners? I can't seem to find that anywhere quickly.
Popular Post Bill Presson Posted June 11, 2024 Popular Post Posted June 11, 2024 Compensation limit is based on the number in effect for when the plan year begins. 415 limit is based on the number in effect for when the plan year ends. Lou S., EMoney, CuseFan and 4 others 6 1 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
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