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457b Special Catch-Up

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edited Aug 13, 2021 12:15PM in Payroll and Global Payroll Interface (GPI) 3 comments

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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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