seema has just posted in the SAP HR Forum forum of Wiki Newforum under the title of 401 K plans.
This thread is located at http://www.wikinewforum.com/showthread.php?t=15757
Here is the message that has just been posted:
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The 2009 401(k) contribution limit is $16,500.
If you reach age 50 by December 31, 2009, then you can contribute an additional $5,500, for a total contribution of $22,000.
1. You need to define the Plans Under the Savings Plan Node in BENEFITS.
2. Further to this, you will have to maintain the Benefits Integration Node under Payroll .....
3. Constants 401KL, 401KS, 401CL needs to be maintained..
4. V_T7USBEN03 table is required to be maintained with WageTypes & Age as 50 to determine the Catch-up eligibility.
Would be great if you could first complete the configuration and ask specific issue faced...as this Savings Plan, itself is a VAST topic...
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