To BenefitsLink home page           EmployeeBenefitsJobs.com is where the best employers find the best candidates!

Welcome Guest ( Log In | Register ) · 0 New Messages

 
Reply to this topicStart new topic
> Match true up idea Trouble?
Jim Chad
post Mar 7 2009, 12:00 PM
Post #1


Registered User


Group: Registered
Posts: 543
Joined: 19-January 00
From: Michigan
Member No.: 3,471



I have several Plans where the match is paid monthly but the doc is annual. And of course all of my 3% SHNEC plans that pay monthly also need a true up. I had an idea that would make this easy and I wonder if anyone sees a problem.

If you have imported contribution amounts into census that overrides anything Relius would calculate. And Relius calculates nothing unless you delete the import.

I am thinking about setting up weekly payrolls and importing into the second to the last payday that month or year. Than we can do a " last pay day" contribution transaction using "year to date minus prior" to get the true up amounts.

Now my question: Does anyone see a problem with always importing into the second to the last pay day on all plans as a standard operating procedure?




Go to the top of the page
 
+Quote Post

Reply to this topicStart new topic

 



Lo-Fi Version Time is now: 21st November 2009 - 09:19 AM