415 DC Limit for mid-yr new participant

All I can see is fog today.

Employee enters calendar year plan on 7/1.

401(k) limit remains the max (based on age) as long as the pay supports it within the partial year of participation 7/1-12/31

PS limit - I believe it also remains the max as long as the pay supports it within the partial year of participation?  They Comp Limit would also not be prorated in the participation period.  it's just when there is a short fiscal year that Comp and 415 are prorated?

Just too foggy today to recall.

I would say, it depends on the document.  Generally, when you have a 7/1 entrant or any other than immediate, the document will limit compensation to "while a participant".  In that case, yes, only participation compensation counts.  However, if the document does not limit the compensation to only participation, then all compensation might count.

And yes the 401k limit is not pro-rated, if they can defer the 402g limit in the 6 month participation period, good for them.

You need to worry about 415 proration when you have a Short Plan Year of less than 12 months, not when someone enters on a day other than the first day of the Plan year and is a participant for less 12 months.