401k Service Step Match Calculate Incorrectly When Reaching 401a Limit
(Doc ID 640664.1)
Last updated on OCTOBER 27, 2020
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 8.9 and later
Information in this document applies to any platform.
When an employee has reached the 401(a) compensation maximum in a particular pay period, it appears that the employer match (which uses the service step table) does not calculate correctly and the Limit is exceeded.
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