401(k) retro recalculation of /102
We have implemented new 401(k) plans for both our hourly and salaried employees which have a new basis for WT /102 (the salaried plan was implemented 12/16/03 and the hourly was implemented 12/26/04). Under the old hourly plan /102 was calculated based on 40 hours X the hourly rate X 401(k)%. Under the new hourly plan, /102 is derived based on eligible earnings Wage Types (Cumulation Class 02). The problem is that when we retro back over the old clusters for the old Plan it recalculates /102 based on the new rules which is messing up our Discrimination testing. The same senario is true for the salaried 401(k) except that the old /102 was based on 1/2 months salary.
Does anyone know a way to prevent /102 from recalculating the old plan under the new rules? Resetting the Control Record is not a viable option.
Thank you for your assistance in this matter.
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Software/Hardware used:
ASKED:
April 21, 2005 10:01 AM
UPDATED:
June 15, 2005 9:51 AM
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This is probably not much of a good reply for you. But what we had to do here was create our own technical wage types. We use /103 & /104 that we created to handle our 401k and special 401k plans for executives. We've been using this solution now since 2002 and so far, we have not had any problems with it. You can use your own judgement on whether or not the solution may work for you.
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