to select, the ID number of the employee in this required field. Costpoint validates your entry against data entered on the Manage Employee Information screen. The employee's name displays in the adjacent, unlabeled field.Use this screen to set up the actual plan year election amount for each employee who is participating in a dependent care flexible spending account (FSA) plan. In addition, you can open the Update Deduction subtask from this screen, to update the Employee Deductions table with the correct deduction amount for this election.
You cannot access this screen unless you selected the Dependent Care Flexible Spending Accounts check box on the Configure Benefit Settings screen. Use this screen when you need to enter new employee elections for dependent care flexible spending accounts, or when you need to update existing elections. You must set up dependent care flexible spending account records before you can link them with employees on this screen.
Enter, or click to select, the ID number of the employee in this required field. Costpoint validates your entry against data entered on the Manage Employee Information screen. The employee's name displays in the adjacent, unlabeled field.
Enter, or click to select, the plan year for which you want to set up dependent care FSA elections. Costpoint validates your entry against the Dependent FSA Setup table. When you enter this year, the start date displays in the adjacent field and the end date displays in the To field.
Use this group box to enter the amount and the deduction start date for the plan year.
Enter the actual dollar amount this employee has elected for dependent care expenses for this plan year. You can enter an amount up to 9,999,999.99. This amount must be less than or equal to the plan year maximum amount for the year specified on the Manage Dependent Care FSA Plan Year screen.
Enter, or click 
to select, the date on which deductions of the election amount for this employee are to begin. The date must be within the date range of the plan year.
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Subtask |
Description |
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Update Deduction |
Click this link to display the Update Deduction subtask, in which you update the Employee Deductions table with the deduction amount for this employee's dependent care FSA election. This link is enabled only when you have entered the Employee, Plan Year, Election Amount, and Start Date. |