Employer Contribution Pay Codes
These standard pay codes are used to record employer contributions. They do not appear on paychecks or affect taxation or net pay in any way. The employer contributions are recorded to create checks on the Pay Payroll Liabilities page.
|
Code Name |
Description |
Additional Information |
W-2 Box |
|---|---|---|---|
|
Medical (EMPLOYER) |
Created to permit SuitePeople U.S. Payroll to automatically generate third-party checks for medical premiums. |
|
N/A |
|
Pension Contributions (EMPLOYER) |
Created to permit SuitePeople U.S. Payroll to automatically generate third-party checks for employer matching pension contributions. |
|
N/A |
|
SIMPLE - 408(p) Contribution (EMPLOYER) |
Optional SIMPLE matching contribution from employer. |
This deduction does not appear on an employee's pay stub. It is provided so that the payroll system can make direct payments of the full SIMPLE payroll contributions to the pension administrator. |
N/A |
|
Term Life Insurance (EMPLOYER) |
Created to permit SuitePeople U.S. Payroll to automatically generate third-party checks for insurance providers. |
|
N/A |