IF Function To Stop 401k Match At 1500 If False

May 6, 2009

I'm trying to create a IF function to stop at $1500 for 401k employer match. To make it simple the variable in column D is constant but in reality it's based on 50% match amt up to $1500 of amount contribute(% of gross pay). The accumulation of matching is a rolling balance. If the match amt is less 1500, then match amt. But False, the left over amt equal 1500 then STOP there onward.

IF(SUM($D$3:D19)+($C20*0.5)<1500,$C20*0.5,SUM($D$3:D19)+($C20*0.5)-1500)

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This is probably quite a simple request but here goes:-


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The attached image shows my issue.

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image2.PNG

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