Hierarchy
SAP_HRRXX (Software Component) Sub component SAP_HRRXX of SAP_HR⤷
PA-BN (Application Component) Benefits⤷
PBEN (Package) Benefits
Basic Data
| Data Element | BEN_DEFERR |
| Short Description | Benefits Indicator Qualified Plan |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | XFELD | |
| Data Type | CHAR | Character String |
| Length | 1 | |
| Decimal Places | 0 | |
| Output Length | 1 | |
| Value Table |
Further Characteristics
| Search Help: Name | ||
| Search Help: Parameters | ||
| Parameter ID | ||
| Default Component name | ||
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | Qual.plan |
| Medium | 15 | Qualified plan |
| Long | 20 | Qualified plan |
| Heading | 2 | QP |
Documentation
Definition
Indicates whether contributions for this savings plan are subject to an annual pre-tax contribution limit.
Use
You can set this indicator for as many savings plans as required if you want the limit to apply to the total employee contribution for these plans. Each time the payroll makes benefits deductions for deferred savings plans, it checks that the cumulated annual contribution for the employee for these plans does not exceed the limit.
This combined contribution limit is only checked during payroll processing and not in enrollments or any other processing transaction.
Dependencies
If you have more than one deferred plan, you need to enter the annual pre-tax limit in the payroll constants table (T511P) using the constant 401KL (401K Combined Limit).
If you only have one deferred plan, you can simply set the pre-tax limit for the individual plan in the employee contribution rule in Customizing.
To determine how contributions are handled once the pre-tax limit is reached, use the indicators Pre-tax rollover and Start post-tax contributions immediately on the Savings Plan infotype.
Example
In the United States, a combined pre-tax limit is applied to qualifying plans (401(k) plans). This limit is currently (in 2000) $10,500.
History
| Last changed by/on | SAP | 20010222 |
| SAP Release Created in |
