Advanced Benefits - PSFT (MOSC)

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How can 401K & Roth Company Match be Combined?

edited Mar 30, 2022 1:40PM in Advanced Benefits - PSFT (MOSC) 2 commentsAnswered

We currently have 2 Savings Plans set up - one for 401K (before tax) and one for Roth (after tax). Both plans are eligible for a combined company match maximum up to 3%. We have found due to the way the savings plans are set up, when employees are enrolled in both plans they are getting overmatched. It is matching individually. We are using a user defined limit for the maximum yearly deduction for the company match. And thought we could use the % of Accumulator field on this set up. But that

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