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13 Vote

401k match allow 2nd limit of $265,000 for 2016 per federal law

401k Match stops when employee hits his limit of deductions, but it also stops when his compensation base hit the federal limit. For 2016 $265,000.

• Rita Brown
• Nov 21 2016
• Shipped

Vista Apps / PR - Payroll

Company	Morgan Corp.
Job Title / Role	VP Finance, Sec-Treas
I need it...	Yesterday...Come on already

• Comments (4)
• Votes (13)
• Merged ideas (1)

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  Guest commented

  August 03, 2020 13:58

  What is the current status on this update?

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  Guest commented

  January 29, 2020 15:51

  It would be great to have this updated in an upcoming release so we don't have to manually track this or make adjustments before 4th quarter.  Do we have an ETA?

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  Guest commented

  January 21, 2020 16:30

  Any updates on this functionality? 

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  Admin
  Gary Gilmore commented

  October 11, 2019 21:43

  Working on it - hope to include with 2019 year-end update

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• 3 Vote

  In Payroll, we need the capability of setting a liability limit for the 401K Matching in a Mult-Tiered 401K Employer Match Setup Merged

  We currently have no way of setting an annual limit to the 401K Matching amounts in the Multi-Tiered 401K Employer Matching setup and this has led to the employer match amount exceeding the IRS allowed matching amount of 5% of $275,000 for the 201...

  

  Created 22 Aug 14:50 by Guest

  Vista Apps / PR - Payroll

  1 Shipped

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