Company match deduction creation for match percent schedules

How the Benefits Administration application creates the company match deduction depends on the plan's contribution schedule, which is defined on Match Percent Schedule (BN18.7) and the match calculation described below.

To determine the company match amount, the Benefits Administration application finds the employee's contribution percent on the schedule. If the employee contributes a flat amount instead of a percent, then the application determines the percent of the employee's contribution, using this equation:

For example:

Bart's annual salary is $40,000.00 based on the salary definition on the contribution.

His flat amount contribution is $4,500.00, so he is contributing 11.25% of his salary ($4,500.00/$40,000.00 * 100 = 11.25).