Hi Gurus,
I am configuring new Roth post tax plan. For employer match our client requirement is to match 50 percent of first 5 percent employee contribution. For scenario if an employee elects contribution of pretax 401k (4 percent) and post tax roth plan employer (2 precent), employer match should limit to total 5 percent from employee contribution and first 4 percent has to come from 401k pretax and take 1 percent from roth plan . If employee elects only roth plan it should 5 percent from roth. Priority is always to take first from pretax if available and then postax. Pl advise if this can be done via standard configuration ? Thank you!
Regards,
Fred