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The 401A Limit Is Imposed Too Early for Employees With Multiple Jobs (Doc ID 3051384.1)

Last updated on OCTOBER 03, 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

The 401a Limit is being imposed too early for an employee with multiple jobs.

ERROR
-----------------------
401(a) Limit Exceeded


The issue can be reproduced at will with the following steps:

  1. For an Employee with Multiple Employment Records tied to different Benefit Record Numbers enroll each Benefit Record Number to a savings plan which is tied to the 401a Limit.
  2. Run payroll for the employee for the pay period the 401a limit is imposed.

Results: The 401a Limit is imposed with room available in the earnings special accumulator balance for the Annual 401a limit configured.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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