Payroll for NA / Time and Labor - PSFT (MOSC)

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Employee Flip-flops Savings Plan Election - What are payroll impacts?

edited Mar 30, 2022 1:40PM in Payroll for NA / Time and Labor - PSFT (MOSC) 1 commentAnswered ✓

If the employee flip-flops the savings plan election between flat amount and percentage of pay during the year. What impact if any is there to payroll processing? For example, Q1 elect to make flat amount contributions, then Q2 elect to make percentage of pay contributions, and in July switches back to flat amount contributions.

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