How do I set up an employer contribution to 401(K) when the employee is not participating?

How do I set up an employer contribution to 401(K) when the employee is not participating?

Support Team Asked on December 14, 2017 in Sage.
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    Description
     
    • 401(K) employer contribution set up
    • Employee does not contribute to 401(K)
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    Section I: If you have not setup your 401(K) previously

    1. Select MaintainPayroll, and then select Payroll Settings.
    2. Select BenefitsSummary of Benefits, and then select Add Another Benefit.
    3. Select Retirement Plan, and then click OK.
    4. Follow the steps in the wizard through the creation of a 401(k) deduction.
    5. After completing the wizard, continue with the section below.

    Section II: If you have setup an existing 401(K) deduction

    • A User-Maintained custom formula will be required in this scenario.
    • A Certified Consultant can help create custom formulas. If needed, you can locate one by using the link listed below under Additional information.

    Source: Sage Community forums.

    Disclaimer: Sage Accounting Solution is an independent provider of Sage Related services and is not affiliated with Sage.

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    Support Team Answered on December 14, 2017.
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