"More than half of respondents ... (57%) allow employees to defer up to the full deferral limit (Section 402(g) limit and catch-up, if eligible), regardless of the compensation cap while 38% limit deferrals when the compensation cap has been reached, and five percent have another approach.... Only 12% said that not applying the compensation limit affected testing, and those stated that they had to make adjustments/refunds to HCEs after the fact[.]"  MORE >>