We recently noticed that two highly compensated employees were subject to the 2020 social security limits and not the 2021 limits. We did setup the payroll 2021 during calendar year end processes. However, we have never come across this issue in the past years. We have reviewed BSI and HRIS related screens but to no such luck have we found the disconnect.
This is the error message: Parameter year Rates and Limits not found, 2020 used
Has anyone else had this issue? If so, what did you do to correct? Any resources to correct it?
Any assistance is appreciated!
