415 at 71

Hi,

The 415 is 19,166. This is increased if the particpant is age 71 (provided that had enough salary average to cover).correct? If this is indeed increased, it is increased from 65 to 71 and not from 62 to 71. Correct?..Thank you very much.

Correct.  Correct. Note, however that the dollar limit will exceed the comp limit somewhere between 67 and 68. Thereafter the comp limit will control.

4 hours ago, Mike Preston said:

Correct.  Correct. Note, however that the dollar limit will exceed the comp limit somewhere between 67 and 68. Thereafter the comp limit will control.

Thank you Mike. Your vast knowledge and clarity that is seen thru your response is much appreciated as usual. Thank you for the point that the  comp at some pint will cut back.