Maximum Employer Contribution Amount

Specify the domestic currency amount of the employer's maximum annual retirement plan contribution to each employee.

If both the Max Employer Contribution % and the Max Employer Contribution $ fields contain a value other than zero, the maximum contribution amount is the lesser of the two calculated contribution values for each employee.

If either the Max Employer Contribution % or the Max Employer Contribution $ field contains a value while the other employer contribution field contains a zero, the maximum contribution amount is based on the field containing the value.