Tracking 401(k) Benefits

The following procedure will guide you through the process of tracking 401(k) benefit information in Human Resources.

Before you can track 401(k) benefits following this procedure, the benefit code must be already set up in the Payroll module.
  1. On the Site Map screen, click Human Resources > Data Entry > Authorize Recurring Benefits.
  2. Complete the Department and Eligibility as of fields and press Continue.
  3. The system will display all employees set up for benefits in the detail portion of the screen. In the Status column adjacent to the employee's 401(k) benefit description, use the drop-down menu to select Yes, set up benefit and press Enter.
  4. The Employee Benefit Maintenance window automatically displays. Complete the % / Amount, Monthly limit (optional), and Annual limit (optional) fields for the 401(k) benefit.
  5. Repeat steps 3 – 4 for each additional 401(k) benefit you are tracking. When you have set up all of the necessary tracking, click OK.
  6. In the Update Changes Confirmation window, select either the Proceed to update changes or Proceed to update changes and print listing option, depending upon whether or not you want to print a listing of your changes. Click OK.
    Note: If you select to print a listing, you will prompted to Preview or Print the report before proceeding.
  7. In the Proceed To Update Changes window, select Yes, proceed with update.