PART 4 EMPLOYEE BENEFITS
- Mark Loan Active if the employee is eligible for loans from the
retirement plan and record loan information using the note button by
the Employee ID.
If a tiered formula for determining plan contributions is used, mark
Tiers Used and choose Tiers to open the Benefit Tiers window. For
more information, refer to Setting up a benefit tier in Chapter 7, “Benefit
Setup,” of the Human Resources Installation and Setup manual.- Be sure the investment Allocations Total field equals the total amount
of the deduction. For instance, if the retirement plan uses dollars, the
Allocations Total should be 100.00%. If the retirement plan uses
percents, the Allocations Total should be equal to the sum of the
amounts in the Pre-Tax Dollar and After-Tax Dollar fields. To create
funds, refer to Setting up a retirement plan in Chapter 7, “Benefit Setup,”
of the Human Resources Installation and Setup manual. - Choose Save.
- If you marked Payroll View for Human Resources in the User
Setup window, a message will appear to indicate that you must set
up the corresponding codes in Payroll to complete the integration.
When you save the retirement plan information in the Employee
Benefit Maintenance window, the selected deduction which the
benefit is based on, will be the deduction that corresponds to the
benefit. - If you didn’t mark Payroll View for Human Resources in the User
Setup window, the benefit enrollment will be incomplete. Use the
Reconcile Human Resources window to update the benefit
definitions.
- If you marked Payroll View for Human Resources in the User
Enrolling an employee in a cash account
Use the Cash Accounts Enrollment window to enroll an employee in a cash
account. Cash accounts might be garnishments, charity contributions,
flexible spending accounts or union dues—expenses to the employee. To
define a cash account, refer to Setting up a cash account in Chapter 7, “Benefit
Setup,” of the Human Resources Installation and Setup manual.