Why is the 401a Limit Not Being Applied Correctly For After Tax Roll Over Deductions?
(Doc ID 1138795.1)
Last updated on JANUARY 26, 2020
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9 to 9.1 [Release 9]
Information in this document applies to any platform.
The 401a limit is setup to allow rollover with the rollover check box check. On the paycheck that the employee hits the 401a limit of $245,000 earnings, the system still takes the full deduction for the employee contribution as if the limit was not hit, but then reduces the company match to enforce the 401a limit.
Shouldn’t the employee contribution and employer match be calculated from the earnings with the 401a limit?
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