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56*cellar
12-24-2002, 10:45 AM
New Federal law says employees under 50 can contribute up to $8000.00 per year into their company sponsored Simple IRA accounts (operated like a 401k). But if employee is over 50 they can contribute $9000.00. Peachtree only allows for 1 maximum contribution to 401k's. Any ideas how to work around this?

dringstrom
12-24-2002, 11:21 AM
One way would be to set up a second 401K withholding calculation for the additional $1,000.