Restricting 401k Fedaral limits for Mutliple Active Assignments
SummaryRestricting 401k Fedaral limits for Mutliple Active Assignments
We have two active assignments for few employees with different job and location. For each assignment they have separate payroll relationships. If the employee worked in both assignments (Jobs), employee gets paid for both jobs. When the payroll running the 401k Deductions happening for both assignments and it’s not restricting the 401k federal limits ($19500) when calculate payroll running in the same pay period or same time for both assignments. But when we calculate the payroll individually (not at a time or not in same pay period) the federal limits working fine.