FSA amount not getting correctly calculated

[Former Member]

Hi All,

We are using Benefit module and we had configured FSA Plan 

Recently we come across a scenario wherein FSA instalment amount is not calculated properly

Scenerio:

Associate Joins in Dec'14 month and enrolls for FSA plan with annual contribution of 1200$ per year and start dt as 01Dec and end date as 31Dec.

Dec being the last month Part of contribution amount 800$ gets deducted from Dec Salary and rest 400$ moves into arrears due to 40% check.

During Jan'15 month associate enrolls for new plan with contribution amount 1200$ per year. In Jan'15 Payroll 500$ gets deducted as FSA(400$ Arrears+100$ New).

Feb'15 payroll gets processed and 100$ gets deducted as FSA contribution

In Mar'15 we get the cancellation for old FSA plan. Ideally (1200$-100$) should be refunded but associate gets only 900$ as refund

In Apr'15 payroll gets processed and FSA amount 500$ gets deducted

We checked configuration but are unable to identify the issue.

Please help

Regards

Venkatesh Koli

[former_member235056 · Accepted solution]

Hi Venkatesh,

Please let me know your payroll frequency and I hope this plan is set-up on IT0170 as I see you are entering $1,200.00 annual amount.

Also, whether plan allows for carryover from previous year balance for reimbursement or just current year balance.

Thanks,

Ameet

[Former Member · Accepted solution]

Hi Ameet,

Yes, we had set-up on IT0170 and payroll frequency is Bi-Weekly

Plan doesnot allows for carryover from previous year balance. This is the scenario we never come across earlier.

Please suggest if you have any solution to this kind of scenario

Regards

Venkat Koli

[former_member235056 · Accepted solution]

Hi Venkatesh,

Kindly check if you have "Carryover Allowed" check box is checked in configuration table V_T5UBG for "Current Year".

Please note that you also need to check Carryover limit as mentioned under table V_T511P under constant "HCFCO".

Thanks,

Ameet

[Former Member · Accepted solution]

Hi Ameet,

Was not in office so had not replied to your mail on time.
Carryover is not allowed for our project but I got to know the importance of "Carryover Allowed"

We got the issue resolved offline

Thanks for your help and suggestion

Regards

Venkatesh Koli

[former_member235056 · Accepted solution]

Hi Venkatesh,

Would you please close this issue if its resolved.

Also, let me know what did you do so I can make a note of it for future.

Thanks,

Ameet

[Former Member · Accepted solution]

Hi Ameet,

Had closed the issue.