Flex plan setup

You can consider a flex plan as a spending account only, or a full flex plan. This table shows procedures how to set up Flex plans for your company:

Procedure	Description
Defining Spending Account Only Flex Plan	Tasks to define a spending account only flex plan. You define the plan year and select the plan's frequency table for the spending account.
Defining Full Flex Plan	Tasks to define a full flex plan. You must define a flex credit if you define a full flex plan.
Defining Flex Credits	Tasks to define the flex credits you give to employees before they enroll in benefit plans, and the percentage of unused flex credits they can add to their taxable wages.
Defining Flex Salary Parameters	Tasks to define the parameters the application uses to determine each employee's salary for flex credit calculations.
Defining Flex Credit Tables	Tasks to define the age, years of service, lifestyle and dependent rate tables. You can assign flex credits based on any of these tables.
Defining Flex Credits based on Age	Tasks to assign flex credits based on age.
Defining Flex Credits based on Service	Tasks to assign flex credits based on the number of years an employee is employed with your company.
Defining Flex Credits based on Dependents	Tasks to assign flex credits based on the number of employee dependents.
Defining Flex Credits based on Lifestyle	Tasks to assigned flex credits based on the number of an employee's lifestyle credits.

This diagram shows how to set up flex plans: