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Deferred Compensation 401k ER match not capping at annual compensation limit

in Payroll and Global Payroll Interface (GPI)

Summary:

I have recently been doing some testing on our 401k plans and have found that when an employee has compensation greater than $350,000 the ER match does not cap at the annual compensation limit of $350,000.

We have the Employer Match element set to "Yes" on the Enforce Compensation Limit to stop when the annual compensation limit is reached. Has anyone encountered this and how did you solve the issue?

Thank you!

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24D


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