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Last Post 08/07/2018 10:30 AM by  Brian Allen
Please Vote ER 25947 - Defined Contribution plan Match Issues
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Margie Gyurisin
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05/01/2018 4:13 PM

    When you have a DC plan with company matches to all employee deductions and the employee elects to contribute in more than one way, the full match is at risk when the employee maxes out their contribution in one of the deductions before the match has been fully fulfilled. For instance, if I contribute 10% PT and 10% Roth, I recieve wages high enough to cause me to max out at the annual limit (currently 18,500) and takes 10%PT but only 2 % Roth, my fullemployee match will not be taken in most cases.

     

    ON BN15 (Benefit Plan set up) only allow one company match deduction for all frou potential employee deductions. Then on PR05 (Deduction set up), allow 4 deduction codes to be listed as teh match deductions.  When payroll runs, the system would calculate all employee deductions and then apply the match to the sum of all.   Crude drawings are attached.  Sorry they are not better.

     

    Thank you for you vote.

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    Margie Gyurisin
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    05/30/2018 1:38 PM
    Update - I just received email that this ER's status has been change to Researching.

    Hoping for the best.

    Thanks to all who voted.
    Margie Gyurisin
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    08/03/2018 11:48 AM
    Providing an update - Thanks to all who voted. Don't forget to let your Infor reps know how important this is to you:

    I wanted to send you an update. I am still awaiting a level of effort estimate from our development team in Manila. They are struggling to come up with a solution that would not negatively impact other parts of the system. I did pass on your proposed solution to them. They said they are considering it but, again, must identify all of the impacts prior to providing product management with an estimate. We will continue to follow-up and will let you know as soon as we have more information.
    Margie Gyurisin
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    08/07/2018 9:16 AM
    If you have not voted on this issue, please do so. It is gaining momentum but always good to have more companies acknowledge it is an issue.

    Thanks for your help.
    Brian Allen
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    08/07/2018 9:59 AM

    We have also endorsed this. Here's the direct link.

    HTTPS://ERS.INFOR.COM/ERS/ERS_DETAILS.ASPX?ERID=25947


    Brian Allen
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    08/07/2018 10:30 AM

    The direct path may ask for credentials.  You can also go to InforXtreme and select Resources | Enhancement Request System.

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