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US Benefits: 401K EE contribution

Hi,

I have a requirement that even though emp reaches yearly compensation limit of 245000, EE contribution should continue and ER Contribution should stop for 401K savings plan. Can i configure the same in system? in my system both are stopped once emp reach compensation limit.

Thanks

Vinoli

Former Member
Former Member replied

Hello Vinoli,

By maintaining the constant Value in T511K, this can be controlled

HCEER = 1

By maintaining T511P-HCSLM is not equal to 1 & if HCE Limit is reached, this will

1) Continue 401K EE pre-tax contributions

2) Continue Catch-up contributions

3) Stop ER catch-up Contribution

There is lot of notes available explaining how system will behave my maintaining the values in constant

HCSLM, HCEER and HCSLC.

With Regards,

S.Karthik

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