GETDCLIMIT

Returns the DC limit as defined in 415(c) for the year specified.

Formula Syntax

GETDCLIMIT(Year, IncreaseRate)

Year: the year of the desired compensation limit.

IncreaseRate: the annual assumed increase rate for the unrounded limit (for example, 3.5% should be specified as 0.035).

Examples

GETDCLIMIT(YEAR(NRD), 0.035) returns the 415(c) catchup limit at NRD assuming an increase rate of 3.5%

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