I only have this error on one employee. Our retirement plan match's up to 3% of gross pay. We have several employees that only match up to that 3% limit. For some reason it calculates this one employee's contribution at 2.94%. The employer contribution dose equal 3%. I have gone thru the employee settings and compared them to other similar employees but I can not find the error.
Example
What it shows | What is should be | |
Gross Pay | $800.00 | $800.00 |
401k employee | $23.52 | $24.00 |
401k employer | $24.00 | $24.00 |