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OHAUSBEN120 - Maintain constants for savings plans
TXBHW - Original Tax Base Amount in Local Currency rdisp/max_wprun_time - Maximum work process run timeThis documentation is copyright by SAP AG.
In this step, you maintain limits to be used in conjunction with savings plan contributions. You will need to maintain these settings whenever regulatory changes or changes in your benefits plans necessitate an adjustment of these plan-related limits.
The maximum base salary from which employees can make tax-free contributions to a 401(k) plan is currently
$160,000. If the IRS were to amend 401(k) regulations and reset this limit to $200,000 as of 1/1/1999, you would make the following entries in the first view of this step:
| From | To | Amount | Curr. |
| 01/01/1999 | 12/31/9999 | 200,000.00 | USD |
Monitor savings plans for changes and maintain these limits as needed.
- In the first view, set the base salary limit for 401(k) contributions.
- In the second view, set the combined limit for contributions to deferred plans.
- In the third view, you set the combined limit for age-related catch-up contributions.
Fill RESBD Structure from EBP Component Structure BAL Application Log Documentation
This documentation is copyright by SAP AG.
Length: 1606 Date: 20240523 Time: 172933 sap01-206 ( 27 ms )
