Returns the 401(a)(17) Maximum Compensation as of the first day of the plan year that is specified in the DC Allocation

Syntax:

#MAXSAL

Examples:

#MAXSAL equals 290,000 for a plan year beginning in 2021.

To calculate a contribution of 3% of eligible pay limited by 401(a)(17), if compensation is in a field called "TotalCompensation":

0.03 * (TotalCompensation #MIN #MAXSAL)

Related Operators:

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

#CATCHUPLIM 414(v) Catch-up Limit as of first day of plan year, or zero if not eligible for catch-up

#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