Reason Not Taken "M" Maximum Deduction Met is Issued For 401K Savings Plan Deductions That Are Not Taken For Checks Using Gross-Up
(Doc ID 2538271.1)
Last updated on JULY 02, 2024
Applies to:
PeopleSoft Enterprise HCM Human Resources - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Symptoms
With the Savings Plan table configuration for the Total Investment = 15%, before and after tax both at 15% and with no employer match, when a Gross-Up check is issued, the savings plan deductions are limited with reason Maximum Deduction Met even though the deductions do not exceed the 15% of earnings.
ERROR
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Deduction Not Taken Reason is M Limit is met.
STEPS
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The issue can be reproduced at will with the following steps:
1. Savings Plan Table configuration of the Total Investment = 15%, and before and after tax are both 15% and no employer match. Navigation: Setup HCM > Product Related > BaseBenefits > Plan Attributes > Savings Plans
2. Enroll employee with 7% before and 5% after tax contributions. Navigation: Benefits > Enroll In Benefits > Savings Plans
3. Create paysheets for the next pay period. Navigation: Payroll for North America > Payroll Processing > Create and Load Paysheets > Create Paysheets
4. Update the Paysheets to only pay a bonus amount of $500 and check Gross-Up. Navigation: Payroll for North America > Payroll Processing > Update Paysheets > By Payline
5. Calculate the Pay Period. Payroll for North America > Payroll Processing > Produce Payroll > Calculate Payroll
6. Review Paycheck Deductions to see the limit was imposed unexpectedly. Navigation: Payroll for North America > Payroll Processing > Produce Payroll > Review Paycheck > Paycheck Deductions Tab
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |
References |