cancel
Showing results for 
Search instead for 
Did you mean: 
readytoretire
Level 1

401k Compensation Calculation

We have a 401k with safe harbor matching contributions. Our plan is set up for deferrals and matches to be calculated on adjusted gross income (as shown on the payroll summary, after pre-tax health, dental, vision, etc) but our payroll items for the 401k deferrals and match, calculate on the gross income of the employee. Is there a fix for this?

 

Appreciate any guidance!

3 Comments 3
DebSheenD
QuickBooks Team

401k Compensation Calculation

I noticed a similar question about consolidating your 401k was also asked in another thread recently, @readytoretire.

 

I can share a direct link to that conversation where my colleague provided a detailed response: https://quickbooks.intuit.com/learn-support/en-us/employees-and-payroll/re-safe-harbor-401k-er-match...

 

The Community is always available to help with any QuickBooks-related questions. Just let us know if there's anything else we can assist you with.

readytoretire
Level 1

401k Compensation Calculation

I'm afraid that link just took me back to this conversation.

Erika_K
QuickBooks Team

401k Compensation Calculation

Thank you for taking the time to inform me about the need for an updated link, readytoretire. I'll be here to provide the corrected one so you can manage your payroll items accurately.

 

To view the response directly, you can check this link:  https://quickbooks.intuit.com/learn-support/en-us/employees-and-payroll/re-safe-harbor-401k-er-match....

 

For future reference, I have included some articles that can help you get familiar with QuickBooks and make the most out of it for your business. You can check them out here: QuickBooks Tutorials

 

You're always welcome to comment on this post or the forum if you require additional information about handling 401k compensation calculation, readytoretire. I'm here to lend a hand. Take care always! 

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us