Setting Up a Retirement Plan Calculation Table

Access the Retirement Plan Calculation Table Revisions form.

Retirement Plan Code

Enter a numeric value from the retirement table code that specifies which table the system accesses in the Payroll Generic Tables table (F069026).

Annual Limit

Enter the maximum amount that can be withheld or accrued in a year for a deduction, benefit, or accrual. This amount is expressed in dollars for deductions and benefits. For accruals, this amount is expressed in hours.

Retirement Table Method

Enter a code that specifies the table method that the system uses for DBA calculation.

ITD Limit

Enter the maximum amount in dollars or hours that an accrual can have at a time.

Employee Contribution Lower Range

Enter the lower or minimum amount to be compared.

The lower range of the employee contribution can be either a percentage (%), or a dollar ($) amount depending on the value of the Retirement Table Method field. For table method R1 and R3, the lower range amount is represented as %. For table method R2 and R4, the lower range amount is represented as $.

Employee Contribution Upper Range

Enter the upper or maximum amount to be compared.

The upper range of the employee contribution can be either a percentage (%), or a dollar ($) amount depending on the value of the Retirement Table Method field. For table method R1 and R3, the upper range amount is represented as %. For table method R2 and R4, the upper range amount is represented as $.

Matching Contribution

Enter the amount or rate to be used in the calculation of a DBA.

This field is used when the method of calculation specifies 1, 2, 3, 4, 5, or 6, and therefore, a specific basis table is being retrieved for the ultimate calculation of the transaction.

The matching contribution of the employee contribution can be either a percentage (%), or a dollar ($) amount depending on the value of the Retirement Table Method field. For table method R1 and R2, the matching contribution amount is represented as %. For table method R3 and R4, the matching contribution amount is represented as $.