I only have this error on one employee. Our retirement plan match's up to 3% of gross pay. We have several employees that only match up to that 3% limit. For some reason it calculates this one employee's contribution at 2.94%. The employer contribution…
Is anyone having an issue with HRMS not allowing a 401k withholding of 19,000? Our payroll system is stopping the withholding at 18,500 despite the rule saying 19,000. We've also changed annual amount on pay tab to 19,000.
Does anyone use a formula to calculate the matching for a Safe Harbor plan? We are changing our plan type and I would LOVE to not have to do the math for the IRS mandated matching for Safe Harbor.
does anyone have 401k formulas setup to incorporate different amounts withheld on Bonuses. Our plan allows participates to withhold a different amount on Bonuses both 401k and Roth. We have formulas setup to calculate 401K and Roth and to compare to one…
Okay, This seems like it should be doable however I've not been able to figure it out and I've searched and can't seem to find anything either (there was one similar post in here but the answer suggested using a script which I don't think is available…
I am using Business Works 2013, SP4.
Starting in 2014, our company started a 401k plan. The company is contributing 3.0% of Gross Wages to all eligible employees.
I tried to do it as follows but am having a problem:
#1 401K-Employer - Other Pay…
