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Deferred Comp system calculation

in Payroll and Global Payroll Interface (GPI) 1 comment

Summary:

Hi All,

We wanted to know the process of Deferred Comp system calculation when employees defer 100% of their earnings? What deductions are taken first (401k , benefits etc.) and what are taken next? Is DC contribution taken at the end and hence the partial deduction?

This is a non qualified deferred compensation plan, which the IRS mandates FICA taxes are withheld from. The ask is to provide order of operations on how Oracle payroll calculates through net pay. Can you provide info about the 409a plan type?

Thanks and Regards,
Anmol

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