PeopleSoft Savings Plan Limit question
I have a question about the following situation:
Betty has enrolled in both pre-tax 403(b) and post-tax Roth 403(b), each for $300 per pay period.
Each of those is set up on the Savings Plan table to Use Special Accumulator 403 (like the following screenprint):
It is now October.
Betty’s 403 special accumulator balance year-to-date is $47,000. The year-to-date balance for each deduction is $6,000.
Betty’s current paycheck only has 403 special accumulator earnings of $250.
She does, however, have other earnings in the check that do not add to the 403. (The paycheck has PLENTY of earnings.)
When we look at her deductions in the October paycheck, she has the following: