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MaryBuck
Level 1

THE PROGRAM IS NOT ALLOWING FOR THE $7,500 CATCH UP CONTRIBUTION TO THE 401(K) PLAN. ANY IDEAS HOW TO FIX IT!!

 
1 Comment 1
Shania_C
QuickBooks Team

THE PROGRAM IS NOT ALLOWING FOR THE $7,500 CATCH UP CONTRIBUTION TO THE 401(K) PLAN. ANY IDEAS HOW TO FIX IT!!

Greetings, @MaryBuck

 

Let me share some valuable insights as to why the program is not allowing a $7,500 catch-up contribution to the 401(K) Plan.

 

To start, may I ask if you encountered any error messages while transferring? If yes, please provide us with more details so we can investigate and offer a solution.

 

Additionally, if you're planning to add a catch-up for 401(K), please ensure that you delete the previous 401(K) that you set up for your employee. If you're 50 years old or above, you're entitled to an extra $7,500 in catch-up contributions, increasing your employee contribution limit to $30,000.

 

If you wish to learn more about QuickBooks teamed up with Guideline to keep 401(k) plans affordable and easy to manage, and learn how to set up a retirement plan deduction or a company contribution in QuickBooks Online Payroll, check out these articles:

 

 

Keep me posted if you have any additional questions about the 401(k) / 401(k) catch-up retirement plan. I'll be right here to help. Keep Safe!

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