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Employer Contribtuions to Savings Plan Limited Prematurely With Reason "457 Limit Exceeded" (Doc ID 2996448.1)

Last updated on JANUARY 05, 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

Employer contributions to the Savings Plan for this individual is being limited before the limit on those contributions is expected to be reached; the paycheck shows the following error:

ERROR
-----------------------
457 Limit Exceeded


Steps to reproduce the issue:

     1. Create paysheets (Navigation: Payroll for North America > Payroll Processing USA > Create and Load Paysheets > Create Paysheets).
     2. Run a payroll calculation (Navigation: Payroll for North America > Payroll Processing USA > Produce Payroll > Calculate Payroll).
     3. Review the employee's paycheck to see that the employer contribution to the Savings Plan is being stopped when it should not be (Navigation: Payroll for North America > Payroll Processing USA > Produce Payroll > Review Paycheck).

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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