Requirements for Deriving a Deduction from a Retirement Plan
Deductions derived from a retirement plan only appear in the Derived From Plan list if the plan supports the deduction’s pay code. The following table shows the employee contribution that must be selected on the retirement plan when each pay code is selected for a deduction item.
Deduction – Pay Code Selection |
Retirement Plan – Employee Contribution Selection |
---|---|
401(k) Contribution |
Pre-Tax Contributions |
401(k) Roth Contribution |
Designated Roth Contributions |
401(k) – Catch-up |
Catch-Up Contributions – Pre-Tax Contributions |
401(k) Roth – Catch-up |
Catch-Up Contributions – Designated Roth Contributions |
For more information about deriving a payroll item from a retirement plan, see Deriving a Payroll Item from a Retirement Plan.