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Incorrect 401k Deduction Taken


Incorrect 401k Deduction Taken

Issue/Symptom/Question

I had an employee that had a Roth 401k deduction deducted from their check, when it should have been a traditional 401k, how can I correct this?

Applies To

PENTA for Windows

Payroll > Exception Checks > Manual Checks

Resolution/Fix/Answer

  1. Navigate to the Manual Check window (Payroll > Exception Checks > Manual Checks)
  2. On the Document tab, enter 0 as the check #, the employee Id, the date of the adjustment, and 0 as the net pay
  3. On the Distribution tab, enter the date of the adjustment as the work date, a distribution type - should be a OU/Account #, this will not have any activity, and enter $0 in the gross pay field
  4. On the Deduct/Fringes tab, enter the deduction # that was incorrectly deducted, and the amount as a negative. Enter the deduction # that should have been taken, with the same amount, but as a positive
  5. Close the window to distribute the check
  6. Using the Employee Earnings History Query, ensure taxes are now correct.




 




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