Limits for deferred compensation plans such as 401(k)
should be defined on the Deferred Comp Plan Codes Table,
and then assigned to the employee and employer through benefits and deductions.
If the Deferred
Comp Plan field is selected on the Deduction Code, limits
entered on the Deferred Comp Plans Code Table are transferred to the Employee
Deduction Detail screen, and the Adjusted Limit is updated during payroll processing.