Flex Credit Record

To add flex benefits for a flex plan year, you need to create a flex credit record for each employee. An employee flex credit record indicates

• The dates the employee is in the flex plan

• The annual salary used for benefit calculations

• The amount of flex credits an employee receives before electing benefits

• The amount of an employee's salary that can be spent on a pretax basis to purchase benefits

You can create flex credit records automatically for all employees in a flex plan for an entire flex plan year, or manually for one employee. An employee can only have one flex credit record in effect for any given date. You can stop and start a flex credit if you need to change an employee's flex credit record information.