Originally from ticket #11230.
Customer has a client that makes 400,000.00 (which is over the Federal Iimit). Wants to know if he enters this in the company match, will it be calculated from the amount he makes or the Fed Limit of $255,00.00.
James,
The software does not implement any contribution or earnings limits.
Mainly because most people are lumping multiple accounts together like IRAs and 401ks under the qualified.
If you want to enforce a limit, use Settings menu to use "dollars" as the contribution or the company match. It will then let you enter a flat dollar amount which it will not increase... i.e. set the contribution or match to the maximum as you calculate it based on their situation.