Hi, I was wondering if anyone had an idea of how to exclude a particular payroll type from the 401k deduction? Here is exactly what my CFO asked:
Pay types used on the last pay of the year to tax certain employees for Group Term Life Insurance over $ 50K paid by the company and company
vehicle usage. I need to find a way to exclude these from the 401K application/deductions for contributions and company match. Want to take two of my pay types and have them
excluded from 401K wages. Grp Term Life Insurance and Co. VehUsage.
Is there a way to do this without code? If it has to be code, what approach would be taken. Examples would be great.
Thanks in advance,
Kurt