Assign a Minimum Savings Plan Contribution for Employees

Many third-party savings plan providers have a minimum payroll contribution requirement so that the administrative cost of receiving money is not more than the actual contribution. With Image 51 Employee Limits on Investments, Benefits customers can now configure a minimum contribution limit on Savings Plans for the Employee.

This new design allows customers to configure for before and after-tax contributions made by the employee, including a percentage or amount contribution. The employee receives an error message during enrollment if they try to enter a contribution less than the amount entered on the Savings Plan table.

https://blogs.oracle.com/peoplesoft/post/assign-a-minimum-savings-plan-contribution-for-employees-in-peoplesoft-benefits