BE - 401K Maximum#
Requirement#
For the 401K deduction, employees may only contribute $9,000 or 25% of their annual earnings, which ever is less.401K Maximum Amount#
This UserCalc is step one in determining the maximum 401K deduction for an employee by looking at actual and forecasted earnings.
- Statement
- Set up
| IMVR | User Variable | |
| Pays this Year | Numeric | 27 |
| 401K Max Prc | Numeric | 25 |
| 401K Max Amt | Numeric | 9000 |
| IMUC | Variables | |
| Pays Remaining | Numeric | 0 |
| BW | WageNumeric | 0 |
| Total Earnings | Numeric | 0 |
| Max Perc | Numeric | 0 |
| IPPC | Pay Components | |
| 9014 | 401K Max Amt | Statistic attached to Stat 401K Max Amt |
| IDSC | Statistic Components | |
| 401K Max Amt | Replace |
UserCalc#
Product:PRType:Calculation
| Line | CMD | OT | Operand 1 | OPER | OT | Operand2 | OT | Operand3 | If Goto | Else GoTo |
|---|---|---|---|---|---|---|---|---|---|---|
| 00010 | LET | V | PAYS REMAINING | SUB | $C | PAYS THIS YEAR | DB | PPP.PAY_OF_YEAR | 00020 | |
| 00020 | LET | V | BW WAGE | WAGE | WB | BW | 00030 | |||
| 00030 | LET | V | TOTAL EARNINGS | MLT | V | PAYS REMIANING | V | BW EARNINGS | 00040 | |
| 00040 | LET | V | TOTAL EARNINGS | ADD | V | TOTAL EARNINGS | EC | GROSS PAY | 00050 | |
| 00050 | LET | V | TOTAL EARNINGS | ADD | V | TOTAL EARNINGS | EY | GROSS PAY | 00100 | |
| 00100 | LET | V | MAX PERC | MLT | V | TOTAL EARNINGS | $C | 401K MAX PRC | 00200 | |
| 00200 | IF | V | MAX PERC | LT | $C | 401K MAX AMT | 00300 | 00400 | ||
| 00300 | LET | PC | 9014 | RDN | V | MAX PRC | N | .01 | 99999 | |
| 00400 | LET | PC | 9014 | EQ | $C | 401K MAX AMT | 99999 | |||
| 99999 | EXIT |
Completion#
After publishing this UserCalc, attach it to the Pay Point prior to the 401K Benefit being executed.401K Maximum Deduction#
This UserCalc is step two in determining the maximum 401K deduction for an employee.
- Statement
- Determine if the employee deduction for 401K is to be taken fully or if the 401K maximum has been reached.
- Set up
| IMUC | UserCalc | |
| 401K Maximum Amount | ||
| IMUC | Variables | |
| Deduction | Numeric | 0 |
| Total Deduction Numeric | 0 | |
| Message | Char | |
| Max Amount | Char | |
| IPPC | Pay Components | |
| 3015 | 401k Deduction |
- UserCalc
| Product | BE |
| Type | Function |
| Return Value | Number |
| Line | CMD | OT | Operand 1 | OPER | OT | Operand2 | OT | Operand3 | If Goto | Else GoTo |
|---|---|---|---|---|---|---|---|---|---|---|
| 00010 | LET | V | DEDUCTION | EQ | $P | NUMBER-PARAMETER | 00020 | |||
| 00020 | LET | V | TOTAL DEDUCTION | ADD | PY | 3015 | V | DEDUCTION | 00030 | |
| 00030 | LET | V | MAX AMOUNT | CHAR | PC | 9014 | 00100 | |||
| 00100 | IF | PY | 3015 | GE | PC | 9014 | 00110 | 00200 | ||
| 00110 | LET | V | DEDUCTION | EQ | N | 0 | 00120 | |||
| 00120 | LET | V | MESSAGE | EQ | A | No 401K taken EE over max of | V | MAX AMOUNT | 09000 | |
| 00200 | IF | V | TOTAL DEDUCTION | GT | PC | 9014 | 00210 | 99999 | ||
| 00210 | LET | V | DEDUCTION | SUB | PC | 9014 | PY | 3015 | 00220 | |
| 00220 | LET | V | MESSAGE | EQ | A | EE has reached 401K Max Ded of | V | MAX AMOUNT | 00230 | |
| 00230 | LET | V | MESSAGE | EQ | V | MESSAGE | A | 401K Ded. Reduced - PC 3015 | 09000 | |
| 09000 | MSG | V | MESSAGE | 99999 | ||||||
| 99999 | RET | V | DEDUCTION | 99999 |
- Completion
- After publishing this UserCalc attach it to Benefit Component 1010 - Deduction Method.
