Defining Full Flex Plans

Use this procedure to define a full flex plan. You can define different amounts of flex and pretax credits based on employee groups so employees in different employee groups can participate in the same flex plan but receive different amounts of flex credits.

Before you can define a full flex plan you must define Flex Pay Codes. For further information see the Infor Payroll User Guide.

To define full flex plans

  1. Access Flex Plan (BN06.1).
    Note: During initial setup the display fields in the core plans part of the form are blank. After you define your core plans on Benefit Plan (BN15.1), and the core benefit plans associate with the flex plan, information will appear on the form.
  2. Select the Company.
  3. Type the code and the description that represents the flex plan.
  4. Complete the Flex Parameters using the following guidelines:
    Start Date

    Type the month and day you want the plan to begin. Flex plans are based on 12-month periods.

    Employee Group

    If you want to identify a specific employee group for the plan, select the group.

    If you leave this field blank, all employees become eligible for this flex plan.

    Spending Account Only

    Select No.

    Frequency Table

    Select the frequency table that you want associated with the flex plan.

    Flex Pay Code

    Select the flex pay code to use when unspent flex credits are paid out as taxable income. This field is required even if unspent flex credits are forfeited.

    Currency

    Select the currency you want to assign to the flex plan. If the company is not multi currency you can leave the field blank. The company currency defaults.

    Note: A currency must be associated to a plan. The default currency is the currency defined for your company. If your company does not use multi-currency, then the flex plan currency must match the company currency.
  5. Select the Add form function.

Related Reports and Inquiries

To Use
List flex plans Flex Plan Listing (BN206)
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