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

Determine the maximum of the 401K deduction each employee, stored in a Statistic (401K Max).

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:PR
Type: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.

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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.

The Benefits Component does not have to be Rule 00 - UserCalc Only. Users may choose the appropriate rule and then by placing the UserCalc in the UserCalc field it will be executed.

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Notes #

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