WS:07: 401K Limit On Contribution & Match $54K/$60K
(Doc ID 2247859.1)
Last updated on JUNE 08, 2018
Applies to:JD Edwards EnterpriseOne US Payroll - Version 9.2 and later
Information in this document applies to any platform.
IRS limits states that an employee's overall 401K limit can't exceed $54,000/$60,000 (with catchup). This limitation included both pretax and after tax (AT) 401. Currently there is no way in the system to setup for 401K deferral amounts and 401K match amount to not exceed limit of $54,000.00 or $60,000.00 with catch up. Today, in system you can setup the annual limit of $18,000.00 on the 401K deferral and $6,000 on the 401K catch up for pretax.
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!