Defining Annual Limits

The Benefits Administration application uses the maximum compensation and maximum annual additions for discrimination testing and to determine when contributions for defined contribution plans should stop.

Note: You must perform this procedure annually, even if the limits do not change.

Before you define annual limits you need to define a deduction class for the maximum additions limit. For more information, see the Infor Human Resources User Guide.

To define annual limits

  1. Access Benefits Annual Limits (BN12.1).
    Note: The plan year may or may not coincide with the calendar year.
  2. Type the plan year, maximum compensation, and maximum annual additions amounts.
  3. Select the Add form function. If you are adding a new year to an existing list, select the Change form function.
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