How to Clear Last Year's Deferred Compensation Deductions Limit Overrides

For employees who required a deferred compensation deductions limit override during the previous year, you must remove the overrides before your first payroll run of the year.

Deduction types	Where you set the override
401 (k)	For employees with 401 (k) plans, you may have set the override values for these employees in a couple places. For all employees enrolled in 401 (k) and 401 (k) catch-up, reset these input values on the Deferred Compensation 401k and Deferred Compensation 401k Catch-Up elements For specific employees, reset them on the element entries
403 (b) and 457 (b)	For employees requiring the same override for their 403 (b) and 457 (b) plans, you would have set it on their Benefits and Pensions calculation card. 403 (b) Override IRS Annual Compensation Limit Override IRS Annual Limit Catch-Up Override IRS Employer Annual Compensation Limit Override IRS Employer Catch-Up Annual Compensation Limit Override IRS Limit 457 (b) Override IRS Annual Limit Catch-Up Override IRS Limit
457 (b) Special Catch-up	The Start-of-Year Process flow end-dates the Accumulated Under-Utilized Contributions for Special 457 (b) Catch-Up value definition for the previous year. You must define a new value definition for the current year. This is part of the 457 (b) limit update.

Use the Start-of-Year Process flow to identify the employees with an override amount for their 401 (k), 403 (b), and 457 (b) plans. If the employee has one of these overrides, this flow end-dates it.

• Accumulated Under-Utilized Contributions for 457 (b) Catch-Up

• Override IRS Annual Compensation Limit

• Override IRS Annual Limit Catch-Up

• Override IRS Employer Annual Compensation Limit

• Override IRS Employer Catch-Up Annual Compensation Limit

• Override IRS Limit