Stock Purchase Features

The stock purchase feature of Stock Administration enable you to identify participants in stock purchase plans, calculate participant contributions, and deduct the correct amount from payroll. You can define limits and rules that are specific to your company, administer stock purchases by purchase period, and capture stock sale information.

Stock purchase functionality enables you to:

• Integrate with Benefits and Benefits Administration to leverage benefits enrollment, deduction, and eligibility checking as you enroll employees in stock purchase plans.

• Integrate with Payroll for North America to administer employee-authorized stock purchase payroll deductions.

• Administer fixed and rolling offerings.

• Capture multiple grant dates in a purchase period.

• Process and track employee stock purchase participants who are not administered by human resources.

• Accept multi-currency contributions and refunds.

• Monitor the Section 423 $25,000 stock purchase limit and other rules and limits that are defined in your stock purchase plans.

• View stock purchase activity.