Question

Payroll Type excluded from 401k deduction

  • 17 December 2020
  • 1 reply
  • 42 views
K

Hi, I was wondering if anyone had an idea of how to exclude a particular payroll type from the 401k deduction? Here is exactly what my CFO asked:

 Pay types used on the last pay of the year to tax certain employees for Group Term Life Insurance over $ 50K paid by the company and company       

vehicle usage. I need to find a way to exclude these from the 401K application/deductions for contributions and company match.  Want to take two of my pay types and have them   

excluded from 401K wages.  Grp Term Life Insurance and Co. VehUsage.

 

Is there a way to do this without code? If it has to be code, what approach would be taken. Examples would be great.

 

Thanks in advance,

Kurt

1 reply

jbillet
Userlevel 1

We use Epicor Payroll.

For each employee’s 401k deduction and matching deduction we have period 5 unchecked (meaning that the deductions will not be processed during a period 5 payroll run). 

If we are running a special paycheck that should not have 401k processed we then set deduction period to 5 in Paycheck Entry.

 

 

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