401k after tax limit validation
Summary:
401k - After tax element stops calculation before 70k limit for few employees.
Content (please ensure you mask any confidential information):
401k - After tax element stops calculation before 70k limit for few employees.
Our current Oracle set up for 401k After tax validation FF pre-calculates the Pre-tax, Roth, After -tax & Match with in the payroll calc process. If this number is crossing the limit of 70k, it stops calculating the After tax for that run. There is no partial plan enabled on this element. For few employees, the system stops as 60k itself.
In such cases, we modify the elections & then process the payroll.