How do I add an employee's 401 (k) contributions from a previous employer to their current annual balance?

An employee hired midyear would be expected have been contributing to their 401 (k) through their previous employer.

The combined contributions between the old employer and new employer can't exceed the maximum limits mandated by the IRS. For such employees, you must update the their year-to-date deferred compensation balances to keep them from exceeding the annual limits. This is accomplished using the element's Override IRS Limit input value to lower the maximum limit for the year.