1. How do I set up 401(k) benefit plans with default enrollment and waive capabilities?
  2. Create Employer Rate Based on After-Tax Employee Contribution

Create Employer Rate Based on After-Tax Employee Contribution

In this example, you create a secondary rate for the after-tax option of the main 401k plan. Link the after-tax element (that you created previously) to this rate and configure the calculation method to calculate a contribution that’s 25% of the employee contribution rate.

  1. Click Navigator > Benefits Administration > Plan Configuration.
  2. Start the Benefit Plan Details task.
  3. Click Create > Standard Rate.
  4. Select the main 401k plan and the After-Tax option.
  5. Follow the instructions in Create Employer Contribution Rate Based on Pretax Employee Contribution to create the rest of your setup.
  6. Save your changes.