Employee Savings Plan Deductions Exceed Regulatory Limits if Arrears Balance Exists
(Doc ID 2189346.1)
Last updated on NOVEMBER 09, 2023
Applies to:
PeopleSoft Enterprise HCM Human Resources - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Symptoms
An employee over age 50 who had an Arrears Balance for Savings Plan contributions reached the extended (age 50+) 402(g) Limit for their Roth contributions on one paycheck, but on the next paycheck the deduction began again.
STEPS
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1. Calculate a payroll (Navigation: Payroll for North America > Payroll Processing USA > Produce Payroll > Calculate Payroll.
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |