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457b Special Catch-Up
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Hello,
We implemented Oracle on 2021 and did bring over any history from our legacy system. I have a group of employee's that need to utilize the 457 Special Catchup rule but since we haven't been on Oracle for it to look back 3 years I'm unable to get the system to let them contribute over the IRS max level of $19,500.
Oracle is telling me I need to customize the fast formula, has anyone else had to deal with this? We are a non govermental employer. If you had would you be kind enough to share the fast formula you used to get it to work?
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