Returns the 414(v) Catch-up Limit as of the first day of the plan year that is specified in the DC Allocation for participants eligible for catch-up contributions, and returns zero for those not eligible.

Syntax:

#CATCHUPLIM

Examples:

#CATCHUPLIM equals 6,500 for a plan year beginning in 2021.

To calculate the expected match of 50% of deferrals limited by 402(g) and 414(v), if ordinary deferrals are in fields called "DefPreTax" and "DefAfterTax" and catch-up deferrals are included in those deferrals:

0.50 * {[(DefPreTax + DefAfterTax) #MIN #DEFLIM] + [(DefPreTax + DefAfterTax) #ZMINUS #DEFLIM] #MIN #CATCHUPLIM]}

Note that if the deferral limits are applied in the Regulatory Data topic of the DC Allocation, then the above could be coded simply as:

0.50 * #DEFERRALS

Related Operators:

#MAXSAL 401(a)(17) Maximum Compensation as of first day of plan year

#DEFLIM  402(g) Deferral Limit as of first day of plan year

#CONTLIM 415(c) Defined Contribution Limit as of first day of plan year

#SSWB U.S. Social Security Wage Base as of first day of plan year