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BN12.1 - Benefits Annual Limits
**Form Purpose
Use Benefits Annual Limits (BN12.1) to define the maximum compensation and
maximum annual limits for a calendar year. The Benefits application uses these
limits for discrimination testing, while the Payroll application uses these
limits to determine when contributions for defined contribution plans should
stop.
**More Information
The current annual limits for taxation for 401(k), 403(b), and 457 plans are
regulated by tax tables maintained by BSI (Business Software, Inc.) used with
the Lawson Payroll application. The Federal Limit field in HR00.1 (Company)
determines what the Payroll application should do when a limit has been
reached.
Updated Files
BNLIMITS - The Benefit Limits file is the main file updated by this
program.
CKPOINT - The Checkpoint file is the environment file used for recovery.
Referenced Files
None.
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