Iterative Processing Priority by Classification
For those pretax elements where you have enabled iteration, the payroll process reduces the amount to withhold in the following order to ensure proper tax withholding, according to their secondary classification.
-
Nonqualified Deferred Compensation
-
Deferred Compensation 401k Catch-Up
-
Deferred Compensation 401k
-
Deferred Compensation 403b
-
Deferred Compensation 457
-
Health Savings Account Catch-Up
-
Flexible Spending Account
-
Dependent Care 125
-
Vision Care 125
-
Dental Care 125
-
Health Savings Account
-
Health Care 125