For employers who have a tiered 401k employer match, it only makes sense to allow us to create a formula to define that match. For instance, if the employer matches 100% of the employee contribution up to 3% of gross wages, then 50% for contributions over 3% but not higher than 5%. Sage 50 allows formulas such as this to properly calculate employer matches.

Currently, in Sage 100, we have to use multiple deductions codes and piece them together in order to come up with the correct matching amount.

by: Ed W. | over a year ago | Payroll / Job Cost