Human Resources and ELM - PSFT (MOSC)

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401k employer match functionality

edited Mar 30, 2022 1:30PM in Human Resources and ELM - PSFT (MOSC) 5 commentsAnswered

Using 401k delivered functionality, will PeopleSoft calculate the full employer match on the payroll in which an employee maxs out their contribution. For example, an employee only had $100 deducted from his 9/15/20 payroll for his 401k contribution, since he hit the $26,000 max. I was hoping that the system would still give him his $650 (full) match, but it is only showing $100 for the employer match. Am I missing something in the setup or is it not part of the delivered functionality?

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