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E1: 07: 401k Catchup Deductions are not Calculating Correctly on the Payroll When the 401k Limit is Reached (Doc ID 2703950.1)

Last updated on MAY 08, 2024

Applies to:

JD Edwards EnterpriseOne US Payroll - Version 9.2 and later
Information in this document applies to any platform.

Symptoms

401k catch up deductions do not calculate correctly during the payroll the 401k deduction limit is met.

1.  Set up mulitiple 401k deductions and 401k catch up deductions with the same group limit code and group limits, annual limit 1=19,000.00 and annual limit 2=26,000.00 with a group limit % max, which is the total of the combined deduction amounts. 

2.  Attach all the 401k deductions to an employee and process payroll to reach the 401k deduction limit with enough pay for the 401k catch up deductions to calculate during that payroll.

3.  Review the stub detail and see that the 401k deductions stopped at the limit correctly but the catch up deductions did not calculate correctly.

 

Cause

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In this Document
Symptoms
Cause
Solution
References


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