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Answered

401k max different based on age

Posted on by 2,510

other than creating 2 different 401k ded/ben codes for <50 vs >50 employees, is there any other work around for when the max changes?  my client has not been rolling down the change because it changes the max on all employees.  

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  • Suggested answer
    Thomas Franz Profile Picture
    Thomas Franz 1,105 on at
    RE: 401k max different based on age

    Hi Brenda,

    My company has an addon for Dynamics GP to handle the catchup provision. Check out the following for more information: www.integrity-data.com/.../.

    Reach out to sales@integrity-data.com for assistance.

    All the best!

  • Verified answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: 401k max different based on age

    Brenda

    I have created the deductions just as you have listed for those under and over 50, I have not found any other way to do it without updating each record as you noted.  Easier to do two roll downs versus changing hundreds I guess is my thought.

    Dawn

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