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in this video we will cover two screens the deferred comp plan codes table and the benefit eligibility rules table first up is the deferred comp plan codes table as I'm sure you know federal guidelines impose specific limits on benefit plan contributions that result in deferred compensation deferred comp plan codes defined deferred compensation plans such as 401 K and 403 B and associate limit information as established by regulatory guidelines first thing we're going to do in this is we're going to create a new record and then enter our ten 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 you're creating in the total contributions field you will add the total contribution amount f...
