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Former Member

401(k) deduction as a % of Gross Pay

Hello Gurus

My client wants to calculate 401(k) deductions as a % of gross (incl Overtime) and then match the EE deduction with a certain % as a contribution in IT0014. I think there is some rule to be customized for this. Can anyone throw some light on the same.

Thanks

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2 Answers

  • Best Answer
    Posted on Nov 02, 2006 at 04:31 PM

    Why do you want to use it14 instead of the benefits module? The Benefits module should be able to handle your situation.

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    • Former Member Former Member

      Hi there payroll novice,

      We do have Benefits implemented and control 401-K deductions through plans that have been configured to do what we want them to do. In the near future, due to circumstances over which we have no control, we will be required to set up a limited portion of the employee population with an IT 0014 deduction for a certain 401-K Savings Plan. Just wondering how your methodology worked out for you....

      Thanks,

      Myron

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    Former Member
    Posted on Nov 06, 2006 at 05:17 PM

    Writing rule is easy.

    Just give the proper calculation part.

    I'll send U the exact coding.

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