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in this video we will cover two screens the Deferred cop plan codes table and the benefit eligibility rules table first up is the deferred comp plan codes table as Im sure you know federal guidelines impose specific limits on Benefit Plan contributions that result in deferred compensation deferred comp plan codes define deferred compensation plans such as 401k and 403b and Associate limit information as established by regulatory guidelines first thing were going to do on this is were going to create a new record and then enter our 10 character code and then our description most of the time these will be defined and updated by the system automatically on an annual basis in the event you need to manually add a deferred comp plan code we will look at the fields in the deferral limit information section deferral contributions is the total annual employees contribution allowed for the code youre creating in the total contributions field you will add the total contribution amount for the
