Hi... We currently do not have match plans.. the company gives a straight percentage regardless if the employee contributes.. We have acquired a hospital that has a small population no a union (union is new for us also) and we need to keep their current Match plan. This is how it works.. Employees can contribute to both a pre-tax and Roth 403B immediately upon employment. They match $1 for every $1.50 the employee contributes (which I calculate to be approx. .06667) up to 5%, however the match does not start for 90 days after employment.
I can not find anywhere to delay the match if I try and make it all one plan. I also was not able to figure out how to make the match .06667 of what the employee contributed. It gave the match at the full .06667, even though employee only contributing 3% and I had a max of 5%.. so I obviously do not have the limit schedule setup correctly. but can not find any good documentation from Lawson on setup. but again doing it this way it is giving them the match right away.
I set up 2 separate plans, one for employee and one for company contributions. This is how we currently have ours setup as the company contribution does not start for 6 months after employment. It works fine for us as we give a set percentage. I can not find a way to make this work since the percent for the company part changes. BN32 will not allow me to put a company percent on it. And unlike ours... once I setup the plan on BN32, I can not see the deduction on PR14 for the company portion to try and update it there. Only the employee.
Any suggestions or direction on how to set something like this plan up is greatly appreciated.
Thanks
Syl
