401(a) Limit Not Working when Earnings on Different Benefit Records in Different Companies
(Doc ID 2482889.1)
Last updated on NOVEMBER 09, 2023
Applies to:
PeopleSoft Enterprise HCM Human Resources - Version 9.2 and laterInformation in this document applies to any platform.
Symptoms
Earnings balances across multiple Benefit Record Numbers n multiple Companies are not being combined when the 401(a) Limit is being evaluated for Savings Plans.
STEPS
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1. Run a payroll calculation for separate checks for an employee with multiple Benefit Record Numbers which when combined exceed the 401 (a) Limit
(Navigation: Payroll for North America > Payroll Processing USA > Produce Payroll > Calculate Payroll).
Cause
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In this Document
Symptoms |
Cause |
Solution |