Tracking limits on Roth IRA and 401k Combined

Question

We have employees who enrolled in both Roth IRA and 401k (one is pre-tax and one isn't). Sage has told us we must track these separately (and thus manually). How are you guys tracking this for employees using both types of retirement accounts? 
 I mean tracking the individual's contribution amounts. 
 Sage 4.40 
 
 Thanks! 
 Chris

Paralea · Accepted Answer

I think they are wondering how to get the deductions to stop automatically at the IRS specified limit. Unfortunately Sage 100 does not allow for a single stop limit across multiple deduction codes (unlike Sage HRMS Payroll) so if an employee has both a traditional and a Roth 401k deduction, you have to keep an eye on them manually so that the employee does not end up contributing more than the IRS limit and incurring penalties.

Sage 100

Tracking limits on Roth IRA and 401k Combined

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