New 401K Plan Setup Problem

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I am using Business Works 2013, SP4.

Starting in 2014, our company started a 401k plan.  The company is contributing 3.0% of Gross Wages to all eligible employees.

I tried to do it as follows but am having a problem:

#1 401K-Employer - Other Pay

I wanted to setup the "other pay" as 3.0% of Gross but that option is not available.  I also wanted to un-select all tax options and un-select add to gross.  The closest method I can find is "% of Base Pay" (whatever that is???) and Category: System.  However, the "% of Base Pay" does not match my deduction (see #2 below).

#2 401K-Employer - Deduction

I setup 3.0% of Gross Pay" no problem and unselected all tax options. No problem.  This is the correct amount.


By doing it this way, if possible, it would keep track of all payments amounts to all employees when I send it in to my 401K provider.


Is there a better way to do this without having to manually do this every month for every employee??


Thanks in advance for any help.

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  • 0

    You are not adding to the employee pay so you would not set up an other pay. Option #2 setting it up as a company paid deduction would be the way to do this.  Look in the Sample company under 401K employer match for an example of the setup.  Assign the company paid deduction to each of the eligible employees then every pay period it will calculate the amount.

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  • 0

    You are not adding to the employee pay so you would not set up an other pay. Option #2 setting it up as a company paid deduction would be the way to do this.  Look in the Sample company under 401K employer match for an example of the setup.  Assign the company paid deduction to each of the eligible employees then every pay period it will calculate the amount.

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