Skip to Main Content
Sage BusinessWorks Ideas Portal
Status We're Taking A Look At This
Categories Payroll suggestions
Created by Guest
Created on Dec 31, 2023

401K deduction annual limit modification. Create a way to use the limit feature while still allowing a method for catch-up 401K contributions to be processed for eligible employees.

Currently maintain deductions only allows one limit to be set for 401K deductions. This applies to all employees who use that deduction and does not offer an override feature for those employees who are eligible to make catch-up contributions due to age. To avoid having to set up multiple deductions for 401K contributions, I would like to see a field added to the "enable deduction" screen in "maintain employees" that would allow employers to set the annual contribution limit per each employee based on the employee's age.

  • Attach files