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How to set up employer matching contributions in payroll

How to set up employer matching contributions in payroll

How to set up employer matching contributions in payroll

Our 401(k) plan matches employee contributions, up to 3%. Normally this works correctly. However, in this unusual situation, this employee has a flat $10 deducted from his check. Most weeks, the 3% does not exceed the $10. However, in some weeks that he works overtime or receives bonuses, the 3% exceeds the $10. How can we set up the deduction code to match 3%, but limit it to the $10? I have tried using the limit box, but this limits the annual contribution limit, not the per paycheck limit. Any help would be greatly appreciated.

Thank you.


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