MANAGE DEFERRED COMPENSATION PLANS

Use this screen to specify certain options related to your deferred compensation plan. You must set up a separate screen for each deferred compensation plan that your company administers.

Initialize this screen after assigning deduction codes on the Manage Deductions screen and before any other deferred compensation processing takes place.

Enter the required data in this screen to create a new deferred compensation plan or click to open an existing record to modify. Click to save all newly entered or modified data.

Location

Deferred Compensation Plan

Enter an alphanumeric code to uniquely identify this deferred compensation plan. In the unlabeled field to the right, enter a description to associate with this deferred compensation plan.

Details

Financial Institution

Select the appropriate financial institution for this plan. This is the third-party administrator for your plan.

Administrator Plan Code

Enter the plan code assigned by the third-party plan administrator.

Plan Based on Regular Wages Only

Select this check box to indicate that the plan is based on regular wages only. Regular wages refer to wage base that excludes overtime wages.

Subtasks

Subtask

Description

Plan Tax Information

Select this link to open the Plan Tax Information subtask for the current record.