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Administrator Guide
Last Updated: 2023-06-23
Example: Create Step-Based Conditions for a 401(k) Employer Match (USA)

Example: Create Step-Based Conditions for a 401(k) Employer Match (USA)

Illustrates how to create step-based conditions in preparation for creating a step-based calculation for a 401(k) employer match deduction.
Your 401(k) retirement savings plan includes an employer match on both 401(k) pretax and 401(k) Roth post-tax employee contributions. The employer match contribution is tiered, with different rules applying to the first 0-3 percent.
In preparation for creating a step-based calculation, you create a step-based condition group to identify the different options based on the matched percentage.
You also want to create conditions to identify when the matched percentage is:
  • Less than or equal to 0.03.
  • Greater than 0.03.
Security:
  • Set Up: Payroll (Calculations - Generic)
     domain in the Core Payroll functional area.
  • Set Up: Time Off (Calculations - Generic)
     domain in the Time Off and Leave functional area.
  1. Access the
    Create Step Based Calculation Condition Group
     task.
  2. Enter these settings:
    Option Description
    Name
    Matched Percent
    Category
    Payroll
  3. Click
    OK
    .
  4. Access the
    Create Step Based Calculation Condition
     task.
  5. Enter these settings:
    Option Description
    Name
    Prior Value < = 0.03
    Category
    Payroll
    Logical Operator
    AND
  6. Enter these settings in the
    Conditions
     grid:
    Operand 1 (Type/Value)
    Operator
    Operand 2 (Type/Value)
    Type
    :
    Prior Value
    less than or equal to
    Type
    :
    Numeric
    Value
    : 0.03
  7. Click
    OK
    .
  8. Access the
    Create Step Based Calculation Condition
     task.
  9. Enter these settings:
    Option Description
    Name
    Prior Value > 0.03
    Category
    Payroll
    Logical Operator
    AND
  10. Enter these settings in the
    Conditions
     grid:
    Operand 1 (Type/Value)
    Operator
    Operand 2 (Type/Value)
    Type
    :
    Prior Value
    greater than
    Type
    :
    Numeric
    Value
    : 0.03
  11. Click
    OK
    .
Create a step-based calculation to calculate an employer match deduction for 401(k).