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BN12.1 - Benefits Annual Limits
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 -
Referenced Files
None.
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