BN12.1 – Benefits Annual Limits
- System
- Benefits (BN)
- Type
- Online screen — form 12
- Updates
- 1 table
- References
- 0 tables
BN12.1 (Benefits Annual Limits) is a Lawson Benefits online screen (form 12, subform 1). It updates BNLIMITS.
About BN12.1
Use Benefits Annual Limits (BN12.1) to define the maximum compensation and maximum annual limits for a calendar year. The Benefits application uses these limits for discrimination testing, while the Payroll application uses these limits to determine when contributions for defined contribution plans should stop.
More information: The current annual limits for taxation for 401(k), 403(b), and 457 plans are regulated by tax tables maintained by BSI (Business Software, Inc.) used with the Lawson Payroll application. The Federal Limit field in HR00.1(Company) determines what the Payroll application should do when a limit has beenreached.
Updated files (1)
| Table | Description | System |
|---|---|---|
| BNLIMITS | Benefit Limits | HR |