| FAQ 174: Budget--Profit sharing contribution lower than expected for group 1 |
I am trying to run a new comparability allocation for this plan. I want to allocate 13.67% to Group 1, but it is only allocating 13.5%. I have run the plan using both Calculations/Valuation and Calculations/Budget Routines. Please let me know what I need to do to fix this.
Group 1 is being cut back because of their 415 limit. In this case, the 415 limit is coded incorrectly in the plan specs. Check the "Maximum Compensation" coded on the Compensation Definition (COMPDEF) screen, and the "Maximum Allocation" coded on the Benefit Limits (BENLIMIT) screen, ot be sure that they are accurate. You should also review your A9 PATTERN PLAN to ensure that these limits are correct so that new plans created will have the correct limits.