Employer Retirement Contribution

This field contains the domestic currency amount the employer paid into a retirement plan (for example, 401(K) or 403(B) plan) for the employee. This domestic currency amount is not part of income or income tax deductions. It is required by the federal government. The domestic currency amount in this field displays from the Employer's Retirement Contribution amount on the Deductions tab of the Employees form.

The calculated employer's retirement contribution is always limited by the annual maximum employer's retirement contribution entered on the Payroll Parameters form. Therefore, the calculated contribution amount will always be zero if no maximum limits are entered on the Payroll Parameters form.