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Full Version: Plan year end different than Company's year end - Determine deduction
BenefitsLink Message Boards > Retirement Plans > 401(k) Plans
Becky Egan
If a Company's year end (6/30) is different than the 401K plan year end (12/31):

How do you determine the deduction limit? Compensation, deferrals, and match for what period?

What plan year contributions are deductible for what Company's year end? As of 6/30/00 - do you look at the 12/31/99 contribution or the "estimated" 12/31/00 contribution? Does the contribution have to paid by a certain time?
mo again
Compensation for the fiscal year
Deferrals to extent they relate to compensation for the fiscal year
Match to extent it relates to compensation for the fiscal year
Nondiscretionary contribution can go either way. Consistency is desirable.

Hope that helps.
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