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401(k)

Related Topics

Deduction Codes

Deferred Compensation

Employee Deductions

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.