Hi Everyone,

I need help creating the following formula for an Employer 401k Match

The employer will contribute an amount equal to the sum of 100% of the employees elective deferral that do not exceed 3% of the employees compensation, plus 50% of the amount of the employees elective deferral that exceed 3% of the employees compensation but do not exceed 5% of the employees compensation.

Thank you for your help in advance!!!