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Issue with Pre Tax 401k Secure 2 Bonus – 100% Deferral Tax Withholding
Hi Experts,
We are testing the seeded PRE_TAX_401K_SECURE_2_BONUS element after enabling Secure 2.0.
Our setup is:
- Employee election: 100%
- Partial EE Contribution: Yes
- Iterative Method: Interpolation
- Pre-Tax Arrears FIT Adj To Within: 0
However, when processing a bonus, the employee does not receive the full 401(k) deduction even though the election is 100%. The deduction is reduced, and we're trying to determine whether this is expected seeded behavior or if additional configuration is required.
We compared the seeded Secure 2.0 formula with our previous PRE_TAX_401K_BONUS formula and noticed that the percentage calculation now uses:
PRE_TAX_401K_SECURE_2_BONUS_ELIGIBLE_COMP_ASG_RUN