Transcription of 401(k) Plan Payroll Items Set Up Instructions for …
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401(k) Plan Payroll Items Set Up Instructions for …
401(k) Plan Payroll Items Set Up Instructions for QuickBooks These screen shots were generated using QuickBooks 2008. If you have a different version, your choices may be slightly different. If you have any questions, please feel free to call a Benefits Team Member at 435-7400 or 888-822-5619. How do Set up Payroll Items for my 401(k) Plan? Ensure the Payroll Items are coded to the correct accounts in my general ledger? Set up an employee to have a 401(k) deduction and company match? Payroll Item Set Up You may or may not have Roth401(k) option in your the second boxunchecked if not. 401(k) salary deferrals should bedeposited as soon as possible the name of thebroker and accountnumber for yourretirement planVerify Payroll Item Set Up Right-click Default liabilityaccount is PayrollLiabilities - betterto keep eachtype separate, sochange this to401(k) Payable 401(k) deductions arededucted beforeFederalWithholding iscalculated You will enter limits at theemployee level, since it isdifferent for those under age50 and those age 50 and , you may enterthe under 50 limit here andoverride it for anyemployees over age 50 onthe employee level.
401(k) Plan Payroll Items Set Up Instructions for QuickBooks These screen shots were generated using QuickBooks 2008. If you have a different version, your …
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