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Important YTD Totals Information for 403b and 457b Plans

Employees enrolled in 403b and 457b plans may notice two YTD balances due to mid-year changes in deduction codes, particularly affecting those in the Age 50 or Max plans. When reviewing deduction balances under North American Payroll, navigate to Periodic Payroll Events and then to Balance Reviews > Deductions. It's crucial to verify if the Jan-Mar YTD balances are carried forward for the 403b and 457b plans to avoid discrepancies and ensure accurate record-keeping.

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Important YTD Totals Information for 403b and 457b Plans

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  1. Caution: YTD Totals for 403b, 457b • Due to mid-year implementation, employee may see 2 YTD balances for 403b and 457b plans, under the old and new deduction codes, if they were enrolled in Age 50 or Max plans : • When reviewing Deduction Balances onNorth American Payroll> Periodic Payroll Events>Balance Reviews>Deductions, please remember to check whether Jan-Mar YTD balances are carried forward on 403b and 457b. Apr-Dec Total Jan-Mar Total

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