401(k) Flat Dollar Elections

unknown

Anyone allowing flat dollar 401k elections instead of/or with percentage elections? Not much of anything in the KB's to see whether matches can be done automatically or not on flat dollar (my guess is not) but thought I'd see if we could avoid a ton of trial and error if anyonme was already doing it.

Thanks!

2020 West Coast User Group Whats New CC_SS_SP.pdf

unknown

We allow both flat dollar and percentage elections and have an employer match. It works fine with either.

On the Match Limit Schedule, the Contribution Type field would be set to B (both amount & percent).