Enhanced Retirement Plans Automate and enforce the relationship between employee contributions and company matches across retirement plans in Microsoft Dynamics® GP Payroll
“Enhanced Retirement Plans helped us to properly manage the employee retirement plans, especially the catch-up contributions for those over 50 years of age .” Ben Shaw, Former GP Administrator, Marinello School of Beauty
Enhanced Retirement Plans gives organizations that offer benefits like 401(k) or 403(b) plans more flexibility to automate and enforce the relationship between employee-tiered matches and employee contribution limits across retirement plans. Flexibility to create employer-matched U-LINC Benefits contributions Automate your tiered company match that is based on employee deduction percentages, gross wages percentages, or fixed amounts—even across multiple plans.
Enhanced Retirement Plans supports numerous retirement plans including SIMPLE IRAs, Roth IRAs, defined benefit and contribution plans like 401(k) and 403(b) and non-qualified plans like 457(b).
Enforces combined contribution limits
Automates catch up maximum contributions across retirement plans This allows eligible employees to make additional contributions above the regular limit once they meet the age criteria, without you having to set up a special benefit code or changing deduction information.
Set employer contribution maximums Employer contribution maximums can be set across multiple retirement plans by their amount or percentage.
Employees can contribute to more than one retirement plan, but will need to comply with IRS and company regulations that specify maximum contributions allowable to retirement plans. Enhanced Retirement Plans will enforce combined contribution limits across all employer-provided retirement plans.
Scan to see it in ACTION integrity-data.com | 888.786.6162 ©2018 Integrity Data. All rights reserved.