Looking to see if any one has an additional deduction code set up for after tax 401K to see how you have it set up on PR05 and the override in BSI to reach the 55300 annual 2022 limit (401K over 50 and after tax limit)
Just asking a few items to help connect the dots. The Maximum annual additions limit for 2022 is $61,000 (includes matches), so just checking to see which limit you are shooting for. Most customers have after tax 401k setup with a tax status of 401k Roth (which allows you to use BSI for limits and helps with simpler W2 mapping. You can also - theoretically - just call it taxable and could control limits using the "L" function on PR14 (or 15), but worth checking PR27 to see where you could map it on the W2.
we are not using the match portion since that is handled on the deduction side, we have BSI group codes set up to handle the limits based on under or over 50+ age and combined limits of 401k and 457 and such, so we were trying to see if we needed to include the additional amount in our overrides so if i am over 50 and have 401 my limit is 27000 but the additional after tax i can contribute is another 28300 - so a total 55300.
Okay. So, if it's 457, you would setup the new employee paid deduction as tax status 457. Then - in the BSI Payment Overrides -- you can add an override to $28,300 under 457 (mimic what's out there for 401k) and that single group that you use now for catchups can still be used for everyone. If someone only has 401k, or 457, or both, it will work regardless with this setup change in payroll and BSI.
