Yep.  It’s set up correctly.   Our percentage is 3%.  It calculates on salary and hourly compensation.  But it doesn’t calculate the 3% on bonuses or other commission type compensation.   For example if an employee salary is $1000 and he has another $1000 in bonus the simple company contribution is erroneously calculated as $30 instead of $60 ($2000 total compensation x 3% = $60).