Employer Match Deductions are Identified Incorrectly as Having the 415 Limit Imposed When the Associated Employee Deductions Have Been Limited Due to Not Enough Net Pay.
(Doc ID 2699503.1)
Last updated on JANUARY 11, 2021
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9.2 and later
Information in this document applies to any platform.
For an Employee that has a 100% 401K deferral election, when there is not enough net pay indicated on the employee's deduction, the employer match is indicating that there is a 415 Limit imposed even though the employer match is correctly calculated.
415 Limit exceeded
The issue can be reproduced at will with the following steps:
1. Set Employee to 100% 401k deferral election.
2. Calculate Pay/benefits.
3. Note the Employer Match deduction is taken but it is also showing as not taken due to 415 Limit exceeded for the same amount.
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