Creating defined contribution limits

  1. Sign in as Payroll Administrator and select Setup > Deduction Structure.

    or

    Sign in as Administrator and select Set Up > Payroll > Deduction Structure.

  2. Click the Defined Contribution Limits tab.
  3. Click Create.
  4. Specify this information:
    Year
    Specify the year.
    Compensation
    Specify the annual compensation limit.
    Contribution
    Specify the annual contribution limit. This is the total employee and employer amount.
  5. Click Save.