BN18.7 – Match Percent Schedule
- System
- Benefits (BN)
- Type
- Online screen — form 18
- Updates
- 3 tables
- References
- 8 tables
BN18.7 (Match Percent Schedule) is a Lawson Benefits online screen (form 18, subform 7). It updates BNPRMOPT, CONTRDETL and PREMIUM and references BENEFIT, BNCOMPANY, PARTBEN, PERSGROUP, PLAN, PRSYSTEM, RATETBLDTL and RATETBLHDR.
About BN18.7
Use Match Percent Schedule (BN18.7) to define contributions for a plan in which employees contribute a percent or an amount that the companymatches. Use this form only if the Contribution Type field is Match Percent Schedule in BN15.1 (Benefit Plan) for the plan. This form is not valid for COBRAparticipant and retiree contributions. **Processing Effect The company match is calculated as a percentage of the employee's contribution and can be fixed or cumulative. If the match calculation is fixed, the company match directly corresponds to the percent of the employee's contribution. If the match is cumulative, the company match varies by incremental percents. The company match varies as the employee's contribution percent increases. For example: A plan matches 50 percent of employee contributions from one percent up to four percent and 25 percent of employee contributions from five percent up to 10 percent. If the match calculation is fixed and an employee contributes three percent, the company match is 1.5 (0.5 * 3). If the employee contributes seven percent, the company match is 1.75 (0.25 * 7). If the match calculation is cumulative and an employee contributes three percent, the company match is 1.5 (0.5 * 3). If the employee contributes seven percent, the company match is 50 percent of the first four percent and 25 percent of the next three percent, or 2.75 percent (0.5 * 4 + 0.25 * 3). Any amounts on this form use the currency associated with the plan on BN15.1 (Benefit Plan).
Updated files (3)
Referenced files (8)
| Table | Description | System |
|---|---|---|
| BENEFIT | Employee Benefit | BN |
| BNCOMPANY | Benefit Company Parameters | BN |
| PARTBEN | COBRA Participant Benefit | BN |
| PERSGROUP | Employee Group Header | HR |
| PLAN | PL Group Detail | BN |
| PRSYSTEM | HR Company and Process Levels | HR |
| RATETBLDTL | Rate Table Detail | BN |
| RATETBLHDR | Rate Table Header | BN |