Plan Type 48 Plans Are Not Recognized By The 415(c) Limit Table When The Limit Is Met.
(Doc ID 2435310.1)
Last updated on JANUARY 08, 2021
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
When adding a new Plan Type 48 and attaching it to the 415(c) Limit Table, the Maximum Yearly Deduction of $54000 was not recognized when the limit was met during payroll calculation.
The issue can be reproduced at will with the following steps:
1. Setup Plan Type 40 and Plan Type 48 on the Savings Plan Table
2. Run Payroll calculation
3. Review pay check deductions
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