FAQ 646: Allocations--Hours allocation formula coding for ER contribution

Problem: I have a plan that provides for a 20 cents an hour employer discretionary contribution. I do have hours in the system, but is there a way to code ASC so that it will calculate it for me?

Solution: We don't have a set option for this, but we can help you write formulas for almost any allocation. You can use the Grid's "Set Column Data" function to set the profit sharing CCTBERBL field to a "Formula expression" of hours*.20. The expression, which will represent the answer in dollars and cents, is: $RND(HOURS*.20;0) Once you do this, you would want to copy this PS amount from the CONTRIB screen to the VALUES screen *and* code the Source specs to indicate that the Source 2 contrib has been "input".