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Former Member
Jul 18, 2007 at 03:22 PM

Final 401K Deduction of the Year


Hello All,

We are having a problem with the last 401K deduction of the year for employees who are very close to the maximum limit. In fact, the full deduction would put these employees over the max.

We are on ERP 2004 (ECC 5.0), bi-weekly pay period.

For Example:

The YTD for pay period 26 (before pay is run) is 44,615.75.

The class limit for 2007 is 45,000.

The employee is contributing $334.62 in after tax, $1,115.39

in supplemental, and the company is matching $334.62.

When pay period 26 is run, the supplemental contribution is reduced to $0.

The employee contribution reduced to $49.63

The employer contribution reduced to $49.63

Since this is the last pay period of the year our <i><b>desired</b></i> results are:

a) We want the supplemental contribution to be reduced to $0. This

is working.

b) We want the system to recognize that this is the last pay

period of the year and to allow the employee to reach the $45,000 limit

by reducing the employee contribution to 192.12 and calculating the

company match at 192.13.

Can anyone point me in the right direction to get the desired results?

Thanks in advance,