1. How do I prepare for US end-of-year?
  2. How to Configure Retirement Plan Eligibility for US Employees

How to Configure Retirement Plan Eligibility for US Employees

Employee and retiree eligibility for employer-sponsored retirement plans is based on a combination of:

  • Amounts fed to specific balances

  • Kinds of retirement plans in which the employees are participating

An employee is automatically marked as eligible for the retirement plan on Box 13 of their W-2 when any of the following balances has a value greater than $0.

  • W2 401k

  • W2 403b

  • W2 408k

  • W2 501c

  • W2 Pension Plan

  • W2 Roth 401k

  • W2 Roth 403b

In cases when you must set eligibility manually, you do so in the Reporting Information federal-level calculation component detail on the Reporting Information calculation component of the Reporting Information card.

  1. Open the person's Reporting Information card for editing.

  2. Click the Federal component group.

  3. Click the Reporting Information calculation component. Add it if it doesn't exist.

  4. Expand the Reporting Information calculation component detail.

  5. Set the appropriate value for Eligible for Retirement Plan.

  6. Save your work.