Retirement Box on W2 Form

Question

We have a mandatory retirement deduction for our employees. On the W2 form why is "retirement plan" in box 13 not checked for some employees? We upgraded to Sage HRMS in April 2021 and I have noticed that employees who have been hired since that date do NOT have the retirement plan box checked. Employees who were already active in April 2021 do have the box checked. Have I missed something in the deduction set up?? Thank you!

Beth W · Accepted Answer

Kim Landrum The W2 retirement setting is on each USFIT tax code for each employee. 
 
 In Sage HRMS, access the Navigation Pane, Select Employees and View/Edit Employees 
 Select an Employee 
 Click on employee payroll tab. 
 Click on the Taxes tab. 
 Select the USFIT tax code and click the tax info button. 
 When the tax detail screen comes up scroll to the Pension Plan setting. 
 Click on the setting to toggle it between "No" and "Yes". 
 Click save and then close.

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Retirement Box on W2 Form

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