Need to change 401k Employer Match — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Need to change 401k Employer Match

edited Oct 28, 2020 12:00PM in Payroll and Global Payroll Interface (GPI) 8 comments

Summary

Need to change 401k Employer Match to be equal to employee contribution

Content

Hi everyone,

Currently our 401k Employer match is half of the employee contribution. (for e.g.: If an employee contributes 6%, then the employer match is 3%). Now they would like to change the Employer Match to be equal to employee contribution (i.e. If the employee contributes 6%, then the employer match should also be 6% and it should stop at $19,500). Currently, the maximum limit of 401k employee contribution is $19500 and we want the employer match also to stop at $19500.

Can anyone please let us know what is best way to achieve this in Oracle HCM Cloud.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!