FAQ 16: PLANSPEC--Coding a super integrated formula |
Problem: Plan with super integrated formula: 20% on compensation > $60,000 + 5% gateway on total comp. How do I input under Show Parameters? |
Solution: Here are some samples on coding super integrated: The source 2 specs should be coded with a Contribution Allocation Method of as "A-Super Integration" and "1-Calculate Contribution" in the Show Parameters box. 1. If the user wants 3.35% on all comp, plus an additional 10% on comp over 90k, code specs: Level 1: 3.35 90000 Level 2: 13.35 170000 2. If the user wants 10% on pay under 100k, but 25% on pay above 100k, code specs: Level 1: 10 100000 Level 2: 25 170000 I believe yours falls under 1 above. Level 1: 5.00 60000 Level 2: 25.00 200000 |