In a Match type Contribution Definition, returns the total of the actual employee deferrals (as specified in the DC Allocation Inputs topic) that are applicable to the match, limited by 402(g) Deferral Limit and 414(v) Catch-up Limit if applicable. Returns zero in a Non-elective contribution.

Syntax:

#DEFERRALS

Examples:

For a record with Pre-tax deferrals of 18,000, Roth deferrals of 3,000, and Catch-up deferrals of 7,000 in a plan year beginning 1/1/2021:

#DEFERRALS equals 26,000

This is calculated as:  

[(18000 + 3000) #MIN 19500] + (7000 #MIN 6500) = 26000

This operator is useful for calculating a match, when only the permitted limited deferrals can be considered for the match.

Related Operators:

#SALARY  Total compensation, limited to 401(a)(17) Maximum Compensation, if applicable

#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