Our 401k company matches .50 per 1.00, up to 7% of eligible wages. The employee piece works correctly. Our issue arises with the match calculation. If an employee elects both regular 401k and Roth 401k, their match is calculated individually on each type of 401 deduction instead of in total. For example - if a team member elects $100 per pay period for 401k and $100 per pay period for Roth, and their eligible wages = $1,500, their match should be $52.50 (1,500 x 7% x .50). The system is accruing match of $105.00 ($52.50 for each deduction).
Has anyone else run into this issue?
