How To Fix RTP216 - Error during payment between education IRA and IRA type &3 in plan &2

RTP216 - Overview

• Message type: E = Error

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

• Message number: 216

• Message text: Error during payment between education IRA and IRA type &3 in plan &2

What causes this issue?

Recharacterization is allowed between edcuational IRA types only. In
this case amount is exchanged between Educational IRA type
&SYST-MSGV1& and IRA type &SYST-MSGV2&

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?

Change the accounts involved in contribution or distribution for this
payment order for recharacterization so that all the accounts belong to
Educational IRA type '03'.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RTP216 - Error during payment between education IRA and IRA type &3 in plan &2 ?

  The SAP error message RTP216 typically occurs in the context of payment processing within the SAP system, particularly when dealing with educational institutions and their financial transactions. This error message indicates that there is an issue with the payment process between the education IRA (Individual Retirement Account) and the specified IRA type in the given plan.
  Cause of RTP216 Error
  
  
  Configuration Issues: The error may arise due to incorrect configuration settings in the SAP system related to the payment processing for educational IRAs.
  Data Inconsistencies: There may be inconsistencies or missing data in the master data related to the IRA types or the payment plans.
  Authorization Problems: The user may not have the necessary authorizations to perform the payment transaction.
  Incorrect Payment Method: The payment method used may not be compatible with the IRA type or plan specified.
  System Bugs: Occasionally, there may be bugs or issues in the SAP system that lead to this error.
  
  Solutions