401 K

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Posted on by Brian Minch

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hello all, we have to different codes setup for 401k we have 401k with
a deduction and benefits that matches up to 5% then we have a 401f
which is for a flat amount. We hardly have anyone that does flat and
so far have had no problems as it was such a little amount but now we
have an individual that wants to contribute more then the 5% but in
flat amount and that is causing an issue because great plains is
allowing him to have it on the benefit side so he is getting a
matching contribution of like 12% or so. I know we just must be
missing something simple as it always is but can does anyone else have
it set up like this and if so how did you set it up.. ty

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FRANCISCA SQUIABRO 15 on at

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RE: 401 K

The benefit side will have to be calculated as a fixed amount as well. If the amount that they contibute changes then the benefit side would have to be re-calculated. The change would have to be done only on the individual record and not on the code being used.