Creating match limit schedule contribution rules

Select > Plans > Benefit Plans > Contribution Type .

Select the Match Limit Schedule and Match Percent Schedule check boxes.

Select a defined benefit contribution plan.

Click the Contributions tab.

Specify this information:

Coverage Class: Specify a coverage class from the options available.
Contributon Date: Specify a contribution date.
Benefit Group: Specify a benefit group to which the contribution applies.

Select a contribution.

In the Main tab, specify this information for all contribution types:

Currency

Select the currency in which to display the tax type.

Contribution Tax Type

Select whether the employee contributions are pre tax, after tax or both. If the plan does not include employee contributions, select No Contribution.

This field must match the deductions attached to the plan.

Default Tax Type

Select a default tax type if the contribution tax type is Both.

For match limit schedule contribution plans, specify this information:

Employee Contribution Type

Select whether employees can contribute as a percent, an amount, both, or no contribution.

Increment

Specify the minimum percent that can be allocated for an investment account when splitting investments into multiple accounts.

For example, if you specify 25, employees can invest 25%, 50%, 70%, or 100% of their contribution.

In the Match section, specify this information:

Match Option: Specify whether the employer contributes a match for pre tax contributions, after tax contributions, or both.

Specify contributions based on years of service.

See Calculating contributions based on years of service.

Specify contributions based on salary.

See Calculating contributions based on salary.

In the Deduction dates pane, specify this information:

Begin: Specify a beginning date for the deductions.; If this field is left blank, then the deduction start date is the same as the enrollment date.

Use match limit schedule contribution rules for defined contribution plans such as 401k and 403b.

You can adjust deduction dates to defined contribution plans and health savings accounts.

The employee must be eligible and enrolled in the defined contribution plan to use the begin and end dates.

To use a different beginning date, select any of these options:

Pay Period Start: The begin date for deductions is the first pay period with the enrollment start date.
Next Pay Period: The begin date for deductions is the first pay period after the enrollment start date.
Closer Pay Period Start: The begin date for deductions is the closest pay period start to the enrollment start date.
First of Month: The begin date for deductions is the first of the month of the enrollment start date.
Next Month: The begin date for deductions is the first of the month after the enrollment start date.
Closer Month Begin: The begin date for deductions is the closest month beginning to the enrollment start date.

End: Specify an end date for the deductions.; If this field is left blank, then the deduction end date is the same as the end date of the enrollment.

To use a different end date, specify any of these options:

Pay Period End: The ending date for deductions is the end of the pay period with the enrollment end date.
Prior Pay Period: The ending date for deductions is the end of the pay period before the enrollment start date.
Closer Pay Period End: The ending date for deductions is the closest pay period start to the enrollment end date.
End of Month: The ending date for deductions is the end of the month of the enrollment end date.
End of Prior Month: The ending date for deductions is the end of the month before the enrollment end date.
Closer Month End: The ending date for deductions is the closest month end to the enrollment end date.

In the Secure Act Increment Rules pane, specify this information:

Auto Increment Percent: Provide the increment to increase employee contributions.
Maximum Contribution Percent: Provide the maximum employee contribution to which automatic increments increase.

Click Save.