Advanced Benefits - PSFT (MOSC)

MOSC Banner

How to rollover employer match for savings plan to a 2nd plan

On PeopleSoft 9.2 - Base Benefits. The employer match is up to 7% of eligible earnings (combined Before & After tax deductions). There is a annual $ limit for this match. Once that limit is met, the matching should still continue up to a 2nd annual limit. Canadian savings plans.

BSP (Before Tax Savings Plan) Election 5%

ASP (After Tax Savings Plan) Election 5%

OER (Original Employer Match) Up to 7% of eligible earnings to an annual maximum match of 17,695

EXM (Excess Employer Match) Total annual match = $25,000.( for match from 17,695 - 25,000)

No annual maximums on Employee contributions

For Example:

Eligible Earnings = 325,000

BSP = 325,000 * .05 = 16,250

ASP = 325,000 * .05 = 16,250

OER = 325,000 * .05 = 16,250 Ded Class Nontaxable Btax

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center