If it's working as designed, it wasn't designed correctly... I reached out to our retirement sponsors and our CPA. The 2% company contribution should be calculated on gross salary (Quickbooks' pull down is even labeled as % of gross) and NOT adjusted gross salary. Is there any publication that you can provide that says it should be calculated based on adjusted gross salary instead? I read through the IRS publication above and it didn't have that in there. If anything, the samples in the publication showed them calculating it based on gross salary. I really wish this could be looked at and changed so I can use this functionality. Until then, I'll have to hand calculate myself. Also, I trust quickbooks has a group of legit professionals that review rules, laws and such that keep customers in compliance. Now I'm worried that it's not the case.
