Year to Date Employer Retirement Contribution

This field displays the total amount contributed by an employer toward the employee's retirement plan so far this year.

The Max Employee Contribution limits the Year to Date (YTD) amount contributed. The Max Employee Contribution is calculated using the % and $ values entered on the Payroll Parameters form.

This field is automatically updated during the posting of payroll transactions. During Payroll Year End processing, this field is reset to zero. Adjustments to this field should be made with an Adjustment transaction in the Payroll Processing function.