SAP ABAP IMG Activity OHPSUS457002 (Maintain Payroll Constants for Section 457 Plans)
Hierarchy
☛SAP_HRCUS (Software Component) Sub component SAP_HRCUS of SAP_HR ⤷PY-US-PS (Application Component) Öffentlicher Dienst ⤷P10P1 (Package) HR Public Sector USA
Hypertext: Object Class - Class to which a document belongs.
Document Name
OHPSUS457002
In this step, you maintain three payroll constants that correspond to the annual limits on employee contributions to savings plans established under Section 457 of the Internal Revenue Code.
This step consists of three activities. In the first activity, you review the percentage of the compensation that is used in calculation of the limit. In the second activity, you review the contribution limit for Section 457 plans at your organization. Finally, in the third activity, you review the catch-up contribution limit for these plans.
Example
Requirements
Standard settings
Recommendation
Activities
Execute this step of the Implementation Guide.
Select the first activity:
Maintain compensation percent. for limit calculation
Review the current percentage for the limit calculation on Section 457 plans.
If this percentage has changed, delimit the current entry, enter the percentage, then select Save.
Select the second activity:
Maintain regular contribution limit
Review the current contribution limit.
If this limit has changed, delimit the current entry, enter the new contribution limit, then select Save.
Select the third activity:
Maintain catch-up contribution limit
Review the current catch-up contribution limit.
If this limit has changed, delimit the current entry, enter the new combined contribution limit, then select Save.