457 Plan - Company Match

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Lance Kelley
Advanced Member
Posts: 24
Advanced Member
    We have existing pre-tax EE contribution 457 plans but now our company is offering a company match to some EEs.

    I've researched the PR05 and BN15 forms, user manuals, KB, etc. but the information on how to set the company match up seems piecemeal to me. I can't connect the dots yet.

    If anyone has a 'how-to' helper guide or form names and screenshots as to how you set it up, I'd be very grateful to see anything you might offer.

    For what it's worth, our company match is defined as: "100% match up to 2% of gross wages per pay period."

    - If the EE contributes the equivalent of 1% of gross wages in the pay period, the company match is 1%.
    - If the EE contributes the equivalent of 2%, the company match is 2%.
    - if the EE contributes the equivalent of 3%, the company match is 2%...and no more as the 2% limit is reached.

    Thank you for any help!

    ...Lance