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[Pamela Stephenson]

We had someone, whose 401k deduction, was set with a calendar year limit of $20,500.  (This year’s limit), but when the last payroll of the year was processed, it capped the deduction at $19,500 instead.  What would cause this to stop early?    And, by chance the prior year’s limit.

From the reports, the build report does shows the deduction for this employee, at a 12% level, but roughly 4% came out, to come to the $19,500 figure.

We don’t have anyone else who has met the limit this year, so can’t really compare to others.  The $20,500 calendar year limit was rolled down by a change in early 2022 to the deduction set up.

Let me know if you have any thoughts as to why it would do this.

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Pamela Stephenson
Director of Accounting and Finance
Ashley Ward, Inc.
Mason OH
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[Pamela Stephenson]

Never mind on this.  I found a ded/ben shared limit that wasn’t updated for the new balance.

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Pamela Stephenson
Director of Accounting and Finance
Ashley Ward, Inc.
Mason OH
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