Determining if Defined Contribution Plans are Top Heavy

Note: This report only runs for employees who have a work country of US.

To determine if your defined contribution (DC) plan is top heavy, the report lists DC account balances from Defined Contribution or Defined Benefit Acct Balance (BN55.1) for key employees as well as non-key employees within the plan year specified.

Verify that your key employees are flagged on Employee (HR11.1). Listing Key Employees

To determine if defined contribution plans are top heavy

  1. Access Top Heavy Report (BN310).
  2. In the Parameters section, use the following guidelines to enter field values:
    Plan Year

    Type the plan year for which the report is being run. Use the format YYYY (for example, 1999). This is a required field.

    The month and day of the start date entered on Benefit Plan (BN15.1) are used to determine when this plan year begins. If the report contains multiple plans with different start dates, the report will print balances for each plan based on this plan year.

    Plan

    Select a plan that you want on the report. If you select more than one plan, the report combines employee account balances for all plans with the same plan year. If you leave the fields blank, all defined contribution plans list with a total for each employee.

  3. Select the Add form function.
  4. Submit the report.