Jump to content

Deferral Limits

Recommended Posts

Plan is set up as w/ year end of 3/31. It's a non-account balance plan to which er makes deferrals on behalf of participants at plan year end. For deferrals made in 2005 on 3/31, my understanding is that the deferral limit is $14,000 (the 2005 limit) b/c it is keyed off of the participant's tax year, not the plan's year. In other words, just b/c the plan's tax year began in 2004 does not mean that the 2004 deferral limit would apply to deferrals made at end of fiscal plan year in early 2005, right?

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...