How To Fix RTP020 - Accountholder category &1 only valid for inherited retirement plans.

RTP020 - Overview

• Message type: E = Error

• Message class: RTP - Message class for retirement plans (US enhancement)

• Message number: 020

• Message text: Accountholder category &1 only valid for inherited retirement plans.

What causes this issue?

Only for inherited retirement plans can the accountholder be an
organization. This situation can occur if the original accountholder
dies and the beneficiary of his/her retirement plan is an estate.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

RTP020 - Details

• The SAP error message RTP020, which states "Accountholder category &1 only valid for inherited retirement plans," typically occurs in the context of managing retirement plans within the SAP system, particularly in the area of Human Capital Management (HCM) or Financial Accounting (FI).
  
  Cause:
  This error message is triggered when there is an attempt to assign an accountholder category that is not compatible with the type of retirement plan being processed. Specifically, the accountholder category you are trying to use is only valid for inherited retirement plans, and it cannot be applied to other types of retirement plans.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Accountholder Category: Verify the accountholder category you are trying to use. Ensure that it is appropriate for the type of retirement plan you are working with.
  
  
  Review Retirement Plan Type: Confirm the type of retirement plan you are dealing with. If it is not an inherited