I need a 401K Formula for 3% whether employee contributes or not, and up to 4% match if employee contributes.

Some employees contribute a flat amount which takes advantage of the 4% and some contribute 3%.  This would be a maximum of 7% by the company.

Example

Employee contributes 3% so company contributes 7%

Another employee contributes 4.5% so company contributes 7%

Any help would be appreciated

  • You can write a User Maintained Payroll Formula for the Employer Match of 7% which can be used on both types of Employees, as the Company Fields and Employee Fields are in two separate areas. We write custom Payroll Formulas for clients all of the time. If you'd like to work with us to have this Payroll Formula written, please reach out to us at https://pcosupport.com or 800-780-0700 or 954-961-0600.