401k limit is not reflecting catch up amount for employee turning 50 in december

The $23,500 maximum contribution will appear if your 401(k) deduction setup is for the standard 401(k) option, Danwa.

Please know that the system will not automatically adjust the standard contribution limit to include the catch-up amount. To ensure the correct maximum contribution is applied, I recommend deleting the current 401(k) deduction and creating a new 401(k) deduction specifically for the catch-up contribution once the employee turns 50 years old. For now, since the employee is still 49 years old, you can continue using the standard 401(k) contribution.

To add the deduction, here's how:
 

1. Go to Payroll and select the employee.
2. Under Deductions & contributions, click Edit.
3. Click + Add deduction/contribution.
4. In the Deduction/Contribution type dropdown, select Retirement Plans.
5. For Type, choose 401(k) Catch-up.
6. Enter the provider or plan name in the Description field, then fill out the remaining fields.
7. Click Save and Done.

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