Last updated on AUGUST 27, 2015
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 8.3 SP1 and later
Information in this document applies to any platform.
If the before tax 402g limit is reached on the first savings plan, and the employee elected the rollover plan at a different percent (rolling over at the employee level), the system should only be taking the percent of the second plan and not combined them together.
It appears that the amount not taken from the first plan is being added to the second plan and then the additional percentage is also taken out.
Request the ability to configure a different percentage for the rollover plan.
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