Value Passed to Payroll Options

In the Value Passed to Payroll field on the create or edit Rates page, select the amount that you want to pass to a participant's payroll element entry on enrollment.

You can select one of the following amounts:

• Communicated

• Defined

• Estimated per-pay-period

• Per-pay-period

• Annual

Communicated amount

The amount communicated to participants as their expected contribution or distribution.

Defined amount

The amount that you defined for the rate, which may be different from the amount communicated to the participant.

Estimated per-pay-period amount

An estimate based on a fixed number of pay periods.

Example:

• A biweekly payroll might occasionally have 25 or 27 pay periods in a calendar year, depending on the setup.

• Likewise, a weekly payroll might have 51 or 53 periods.

When you select this option, the calculation uses the usual number of pay periods, which are 26 for biweekly or 52 for weekly.

Per-pay-period-amount

The actual per-pay-period amount based on defined calculations.

• If you don't select a value, the calculation uses the per-pay-period amount.

• You can prorate only per-pay-period amounts.

Annual amount

The defined amount annualized.

Rate Periodization Formula

When you use a rate periodization formula as part of the rate processing, select one of the following as your value to pass to payroll:

• Annual amount

• Defined amount

• Communicated amount