Does anyone know if you check the box for use catch up contributions if it will look at the birthdate in the system? So, if you check it for everyone, even if they are not age 50 or older, it will look at the birthdate and NOT the check box?
Answer
Use Catch up Contributions
Best answer by Sonia Echols
Hi Rbennett21,
That functionality does not exist today. The flag will need to be updated on the employee’s tax settings.
Sonia Echols
+1Hi Rbennett21,
That functionality does not exist today. The flag will need to be updated on the employee’s tax settings.
Sonia Echols
Best,
+19Hello,
I wonder if a Generic Inquiry subtracting today and employee’s birth date could be used as the basis for a Business Event to check the box mentioned when an employee reaches the magical age when they can contribute more to their 401k?
Laura
~ Laura Barber, WM Synergy
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