1099-R Other Information

Use this procedure to specify additional configurations that controls how pension distributions are processed and reported.

Specify this information:

On the Pay Class tab, specify up to 10 pay classes for the Amount Allocable to In-Plan Roth Rollover Within 5 Years. These values are used to track the distributions attributable to an In-Plan Roth Rollover (IRR) made within the applicable five-year period.

On the Miscellaneous tab, specify this information:

Employee Tax Address: Select whether the reports should use the employee's tax address instead of the payer's mailing address.
Payable To Eligibility Group: Select the employee group to which the Payment tab configuration in the employee's Pension Payment Maintenance record will apply.

On the Box 7 IRA SEP Simple Setup tab, specify which Distribution Type and Code combinations should automatically check the IRA/SEP/SIMPLE box on the 1099-R.

You must define the mapping by specifying the Distribution Type, Code 1, and Code 2. When pension reports run, the system checks each employee's records. If an employee's distribution matches your mapping, the IRA/SEP/SIMPLE value is Yes. If there is no match, the IRA/SEP/SIMPLE value is No.

Instead of manually checking each employee's IRA/SEP/SIMPLE status, the system automatically checks based on the defined mapping values.