Induna
08-28-2001, 02:51 PM
Using Complete v7.04.104
Have new 401K plan for employees. PTree doesn't cater for this type in the Payroll Wizard. Must somehow develop formulae and enter manually.
1/ Certain Employees will contribute to Plan with no matching from Employer.
2/ Certain Employees can opt to contribute and if they fall below a target compensation level, Employer MUST contribute minimum 3% irrespective of whether Employee contributes or not.
This Plan is the new Safe Harbor type now allowed. However, we cannot seem to develop a way of getting these two scenarios to operate in our Peachtree payroll.
Does anyone have any ideas?
Have new 401K plan for employees. PTree doesn't cater for this type in the Payroll Wizard. Must somehow develop formulae and enter manually.
1/ Certain Employees will contribute to Plan with no matching from Employer.
2/ Certain Employees can opt to contribute and if they fall below a target compensation level, Employer MUST contribute minimum 3% irrespective of whether Employee contributes or not.
This Plan is the new Safe Harbor type now allowed. However, we cannot seem to develop a way of getting these two scenarios to operate in our Peachtree payroll.
Does anyone have any ideas?