401(a) Limit Is Being Imposed Before The Maximum Benefit Base was met.
(Doc ID 2561434.1)
Last updated on AUGUST 23, 2023
Applies to:
PeopleSoft Enterprise HCM Human Resources - Version 9.2 and laterInformation in this document applies to any platform.
Symptoms
For a couple of highly compensated employees, the 401(a) limit 280,000 is being imposed too early. If the AD/D plan is terminated, the Limit is no longer imposed on the 401K plans.
ERROR
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Reason not taken code 401(a) Limit Exceeded
STEPS
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The issue can be reproduced at will with the following steps:
1. Run Payroll for employee with earnings close to 280,0000. Navigation: Payroll for North America > Payroll Processing > Produce Payroll > Calculate Payroll
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |