Disregarding statutory limits
QUESTION: I want to value a plan without regard to the 415 limit. Ditto for the 401(a)(17) compensation cap. How do I do this?
ANSWER: Under the Regulatory Data topic of Valuation Assumptions, you may enter overrides to the historical limits large enough that the limits have no effect.
Alternatively, for the 415 limit, turn off the check box "Apply 415(b) maximum benefit limit" in your Benefit Definitions. As an alternative for the 401(a)(17) limit, use a Custom Operator that does not limit salary.