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401k Catchup is not reduced by amount of base 401k deduction in same pay period

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in Payroll and Global Payroll Interface (GPI) 6 comments

Summary:

Before we the iterative upgrade for our pretax deductions, the catch-up deduction would subtract the amount of the base 401k in the same pay period when the base 401k contribution limit was met. It does not do that now.

Content (required):

We need to have the same functionality we had before the iterative upgrade to net the catch-up deduction with the base 401k deduction if they occur in the same pay period when using sequential processing. We did not have any customizations or changes to the fast formula prior to the iterative upgrade.

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