Deductions on One 403(b) Plan Continue while the Deductions on Another Stop Due to the 415(c) Limit on 403(b) Plans
(Doc ID 2733306.1)
Last updated on DECEMBER 20, 2022
Applies to:
PeopleSoft Enterprise HCM Human Resources - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Symptoms
An employee is contributing in two different 403(b) Plans. After the 415(c) Limit was reached, deductions continued in one plan but were stopped for the other plan.
Steps to reproduce the issue:
1. Calculate payroll for an employee who has reached the 415(c) Limit.
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |