Allotment Plan Reset Transaction on LP140

Legacy Contributor

Hi All,
We just had our first full year with a yearly allotment plan that resets on 12/31. As expected after our first payroll, the plan correctly reset employee plan balances to zero then allotted the correct new amount for 2014. However, there was no indicator on the LP140 about the reset. We were expecting a similar line of transaction to lost hours with accrual plan limits, but there was none.

Is this 'as designed'?

Thanks,
Kathy

plancor

We have an allotment plan that resets on 12/31 each year. Our LP140 lists a "Lost-Carryover Limit Exceeded" transaction with the negative hours that were removed for the reset to zero. These lines are listed as Transaction Type 44.