BN12.1 - Benefits Annual Limits
Use BN12.1 (Benefits Annual Limits) to define the maximum compensation and
maximum annual limits for a calendar year. The Benefits system uses these
limits for discrimination testing, while the Payroll system uses these limits
to determine when contributions for defined contribution plans should stop.
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 system. The Federal Limit field in HR00.1 (Company)
determines what the Payroll system should do when a limit has been reached.
See the Lawson Payroll Procedures manual for more information.
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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