Company match calculations

This section explains how the Benefits Administration application creates company match deductions and how the deduction is calculated. Two contribution types create company match deductions:

• Match limit schedule; and

• Match percent schedule

Each contribution type works differently. For the match limit schedule, the Benefits Administration application creates the deduction without any special calculations. The application creates the deduction taking the values directly from the schedule. The Payroll application performs calculations that are unique to these benefits deductions to determine the amount of the deduction in each payroll cycle.

For the match percent schedule, the Benefits Administration application performs unique calculations to determine the values to be used when the deduction is created. The Payroll application handles the deduction like all other payroll deductions.