Creating deductions in benefit plans

Attach the benefit plan's frequency table and deductions.

The Frequency Table defines how often deductions and contributions are taken for a benefit.

Select to provide a different divisor for organization contribution from the employee contributions. An example is an HSA to which the employee makes contributions each pay period and the employer only contributes quarterly. Employee B elects to put 2,000 into their HSA and the employer contributes 1,000. In the case of a bi-monthly paid employee their election is $83.33 (2,000/24). The employer contribution is $250 (1,000/4). Payroll is required to know based upon the deduction code which payroll runs to add each of these to.

This field is available and required if Allow Different Frequency for Organization is selected.

If employees contribute a flat amount for this benefit on a pre tax basis, select an employee pre tax deduction in the Amount column.

If the contributions are calculated as a flat percent, use the Percent column.

If employees or COBRA Participants contribute a flat amount for this benefit on an after tax basis, select an after tax deduction in the Amount Column.

If the contributions are calculated as a flat percent, use the Percent column.

If the plan contribution type selected is one of the following, select an employer deduction to track employer contributions in the Amount column.

If the plan's contributions are calculated as a flat percent, use the Percent column.

• Options Amount

• Options Amount Range

• Flat Contributions

• Salary Or Coverage Rate Table

• Contribution Limits

If the plan contribution type is Match Limit or Match Percent Schedule and the employer matches employee pretax contributions that are a flat amount, select an employer matching deduction in the Amount column.

If the plan's contributions are calculated as a flat percent, use the Percent column.

The tax status of the company match must equal the tax status of the corresponding employee deduction.

If the plan contribution type is Match Limit or Match Percent Schedule and the employer matches employee after tax contributions that are a flat amount, select an employer matching deduction in the Amount column.

If the plan's contributions are calculated as a flat percent, use the Percent column.

This field is only available for Defined Contribution plans.

If employees contribute a flat amount for after tax rollover, select a value from the Amount column.

If employees contribute a flat percent, use the Percent column.

This field is only available for Defined Contribution plans.

If employers contribute a flat amount for after tax rollover, select a value from the Amount column.

If employers contribute a flat percent, use the Percent column.