Understanding Stock Purchase Plan Enrollment
This section provides an overview of stock purchase plan enrollment and lists prerequisites.
After you set up your stock purchase plans, the next step is to enroll your participants into the plans through the Base Benefits business process. Then, enroll your participants in offering and purchase periods using the Update Participants process. After you run the Update Participants process, you can view and adjust the enrollment records or manually add participants not administered in the Base Benefits business process.
Before you enroll participants:
Set up your stock purchase plans.
Have the benefits administrator define the stock purchase benefit plan and deduction codes.
Have the benefits administrator enroll stock purchase plan participants.
If you use Payroll for North America, have the payroll administrator set up payroll for processing stock purchase contributions by setting up deductions.