1. How do I set up 401(k) benefit plans with default enrollment and waive capabilities?
  2. Test Your Setup

Test Your Setup

In this example, you use the Enrollment work area (Benefits Service Center) to test your setup as an administrator. You can even log in as an employee and use the self-service pages (My Benefits) to test the setup.

  1. Click Navigator > Benefits Administration > Enrollment.
  2. Search for your employee.
  3. In the Benefits Summary page that appears, change the benefit relationship to unrestricted. If you’re not seeing the unrestricted relationship, you might need to add it for the employee using the Benefits Relationship task.
  4. Scroll down to the Evaluated Life Events section. Click Add > Add Unrestricted Enrollment.The 401(k) plan you created should appear as an enrolled offering because of the default settings you configured.
  5. Close the enrollment and change the effective date to a date in the following month.
  6. Repeat step 4 to start an unrestricted enrollment.
  7. Click Enroll. Select the plan, and then select the after-tax option and make a contribution.
  8. Try selecting both options and save. You should see an error message stating that you can select one 1 of the options. This restriction is in place because you configured the minimum and maximum options according to the scenario.
  9. Review the Confirmation page and verify that the percentage amounts appear as expected.
  10. Review the payroll element entries. On the Home page, click Benefits Administration > My Client Groups. From the Quick Actions list, click Element Entries. You can also start this task from the Setup and Maintenance work area.
  11. In the Element Entries page, search for the employee. You should see 2 elements – the employee contribution element and the employer matching contribution element.
  12. Open each element’s entries to check if the deduction amounts appear as expected. The employer element entry should also display the contribution percentage and the contribution limit percentage.
  13. To test the catchup-up plan, in the Enrollment page of the employee, depending on the age of the test employee, change the effective date to a date that makes the employee’s age greater than 55. Make an enrollment and verify that the catch-up plan appears in the enrollment results, and relevant element entries, in payroll.