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Forums Human Capital Management Lawson S3 HR/Payroll/Benefits

change benefit from Match Limit to Match Percent

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Mary Porter
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Posts: 337
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1/4/2013 2:45 PM
    I need to change one of the DC plans from Match Limit to Match Percent. do I have any other options besides creating a new plan and creating new deduction codes?
    yvonne.mccolloch
    Advanced Member
    Posts: 32
    Advanced Member
    1/4/2013 3:07 PM
      Mary, I just had to do the same thing, and yes, I had to build a new plan. While testing, I thought I'd just be able to change the criteria on the parameters on the main tab, but no can do, at least not on our version (and we just updated to MSP 10). I did learn during testing that moving the current elections for employees from one plan to another is pretty easy via a BN31.1 upload, if that makes your pain any easier.
      Mary Porter
      Veteran Member
      Posts: 337
      Veteran Member
      1/4/2013 6:04 PM
        Yvonne,
        Thanks for responding. There are only 10 employees so that part won't be quite as painful. Happy 2013!
        Mary Porter
        Veteran Member
        Posts: 337
        Veteran Member
        1/4/2013 8:47 PM
          I spoke too soon. If they contribute up to 9.9% of their salary, the match is 10% of their salary. If they contribute 10% or more of their salary, the match is 12% of their salary.
          I don't think the match percent schedule is going to work for this scenario. I might have to make two separate plans using the match limit schedule.  I'd welcome any ideas if anyone else
          is doing something like this.