Catch Up Limits

Hello,

We have a 403b plan and 457b plans. There is one employee that wants to contribute the max of $24,500 in the 403b and $36,000 in the 457b plan. The system will only allow the $24,500.

We have changed the limits in BSI and that had a negative impact on others in the plans.

Anyone have any experience with this?

Carole

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Comments

lisa-noles

We user a BSI override and then place that code in the 'BSI Group Code' box located under the HR11.1's 'Tax' tab. There is only one field on HR11.1 for an override.

unknown

Thank you. We already have one on there and attached to employees. I have a feeling we may have to create another just for the one employee

kristen-rotzenberg

We have a BSI group code for those that want to contribute to the max for 401(k) and then we have a code for those that want to do both ($24,500 for 401(k) and $36,000 for the 457(b)). We have payment overrides to set the limits for both group codes in BSI.

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