Benefit contributions

Once you have defined a benefit plan's coverage, you can define the contribution. The contribution type depends on the value you chose for the coverage and how you want to calculate contributions. Contributions can be flat amount premiums, amounts calculated by the application, or amounts determined by the individual.

The Benefits application stores a benefit plan's contributions by date. Each plan can have multiple contribution records. When you receive new contributions, add the contributions using a new start date. This process provides an online audit trail of changes.

In each plan, you can define unique contributions for different groups of employees. For example, contributions for a plan could be $1,000 for employees in the Midwest and $2,000 for employees on the West Coast.