We have a requirement where ER Match limit is needed to be set in 401K plan.
For every saving plan ( Regular 401K and Catchup plan), company also give some contribution and now, company want to put a maximum limit on ER match. Would anyone please tell me, how could we set the combined maximum limit on ER match?
As we have, limit of deduction in V_T51DT, do we also have limit on ER match?
Looking forward for the reply.