For 2024, the 401k annual compensation cap limit is 345,000. If the plan allows for a 3% safe harbor match, then the total match allowed would be 10,350 for the year once they hit the compensation limit of 345k, regardless of their deferral total.
In payroll items set up, there is a default rate and limit option. The limit field says if there is an upper limit, enter it here. Is this the dollar amount of 10,350 or the compensation limit of 345k?