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US BENEFIT TYPES
US BENEFIT TYPES

Version management

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!!!US BENEFIT TYPES
!!!US BENEFIT TYPES
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This document describes the benefit types supported by the Symmetry Tax Engine (STE) Software which may impact employee taxable wages.
This section describes the benefit types supported by the Symmetry Tax Engine (STE) software which may impact employee taxable wages.
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The Symmetry Tax Engine supports 9 pre-defined benefit types and 10 custom benefit types which may affect taxable earnings.
The SymmetryTaxEngine will determine the Pre-Tax status of the 9 predefined benefit types for each of the taxes calculated.
The 9 supported predefined benefit types are:
 125
 401K
 403b
 457
 Roth401K
 Roth403b
 FSA
 HSA
 Simple IRA
The Symmetry Tax Engine supports nine pre-defined benefit types and ten custom benefit types which may affect taxable earnings.
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These benefit types each have their own PC Usage as described below for Federal and for State level taxation.
The SymmetryTaxEngine will determine the Pre-Tax status of the nine predefined benefit types for each of the taxes calculated.
At line 24 added 12 lines
The nine supported predefined benefit types are:
*125
*401K
*403b
*457
*Roth401K
*Roth403b
*FSA
*HSA
*Simple IRA
These benefit types each have their own PC Usage as described below for federal and state level taxation.
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PC Usage Tax Level Suggested Element Usage Description Released in Version
7901 Fed UFWT125 125 plan contributions exempt from Federal Regular Withholding Tax.
- Mandatory if 125 is applicable
- Pay Component must be set up
- IPPC Store Results - optional 4.10
7902 Fed UFWT401K 401K plan contributions exempt from Federal Withholding Tax. 4.10
7903 Fed UFWT403B 403B plan contributions exempt from Federal Regular Withholding Tax. 4.10
7904 Fed UFWT457 457 plan contributions exempt from Federal Regular Withholding Tax. 4.10
7905 Fed UFWTROTH401 Roth 401K plan contributions exempt from Federal Regular Withholding Tax. 4.10
7906 Fed UFWTROTH403 Roth 403B plan contributions exempt from Federal Regular Withholding Tax. 4.10
7907 Fed UFWTFSA FSA plan contributions exempt from Federal Regular Withholding Tax. 4.10
7908 Fed UFWTHSA HSA plan contributions exempt from Federal Regular Withholding Tax. 4.10
7909 Fed UFWTIRA Simple IRA plan contributions exempt from Federal Regular Withholding Tax. 4.10
7921 Fed UFSP125 125 plan contributions exempt from Federal Supplemental Tax.
- Mandatory if 125 is applicable
- Pay Component must be set up
- IPPC Store Results - optional 4.10
7922 Fed UFSP401K 401K plan contributions exempt from Federal Supplemental Tax. 4.10
7923 Fed UFSP403B 403B plan contributions exempt from Federal Supplemental Tax. 4.10
7924 Fed UFSP457 457 plan contributions exempt from Federal Supplemental Tax. 4.10
7925 Fed UFSPROTH401 Roth 401K plan contributions exempt from Federal Supplemental Tax. 4.10
7926 Fed UFSPROTH403 Roth 403B plan contributions exempt from Federal Supplemental Tax. 4.10
7927 Fed UFSPFSA FSA plan contributions exempt from Federal Supplemental Tax. 4.10
7928 Fed UFSPHSA HSA plan contributions exempt from Federal Supplemental Tax. 4.10
7929 Fed UFSPIRA Simple IRA plan contributions exempt from Federal Supplemental Tax. 4.10
||PC Usage||Tax Level||Suggested Element||Usage Description||Released in Version
|7901|Fed|UFWT125|125 plan contributions exempt from Federal Regular Withholding Tax\\ \\Mandatory if 125 is applicable\\ \\Pay Component must be set up\\ \\IPPC Store Results - optional|4.10
|7902|Fed|UFWT401K|401K plan contributions exempt from Federal Withholding Tax|4.10
|7903|Fed|UFWT403B|403B plan contributions exempt from Federal Regular Withholding Tax|4.10
|7904|Fed|UFWT457|457 plan contributions exempt from Federal Regular Withholding Tax|4.10
|7905|Fed|UFWTROTH401|Roth 401K plan contributions exempt from Federal Regular Withholding Tax|4.10
|7906|Fed|UFWTROTH403|Roth 403B plan contributions exempt from Federal Regular Withholding Tax|4.10
|7907|Fed|UFWTFSA|FSA plan contributions exempt from Federal Regular Withholding Tax|4.10
|7908|Fed|UFWTHSA|HSA plan contributions exempt from Federal Regular Withholding Tax|4.10
|7909|Fed|UFWTIRA|Simple IRA plan contributions exempt from Federal Regular Withholding Tax|4.10
|7921|Fed|UFSP125|125 plan contributions exempt from Federal Supplemental Tax\\ \\Mandatory if 125 is applicable\\ \\Pay Component must be set up\\ \\IPPC Store Results - optional|4.10
|7922|Fed|UFSP401K|401K plan contributions exempt from Federal Supplemental Tax|4.10
|7923|Fed|UFSP403B|403B plan contributions exempt from Federal Supplemental Tax|4.10
|7924|Fed|UFSP457|457 plan contributions exempt from Federal Supplemental Tax|4.10
|7925|Fed|UFSPROTH401|Roth 401K plan contributions exempt from Federal Supplemental Tax|4.10
|7926|Fed|UFSPROTH403|Roth 403B plan contributions exempt from Federal Supplemental Tax|4.10
|7927|Fed|UFSPFSA|FSA plan contributions exempt from Federal Supplemental Tax|4.10
|7928|Fed|UFSPHSA|HSA plan contributions exempt from Federal Supplemental Tax|4.10
|7929|Fed|UFSPIRA|Simple IRA plan contributions exempt from Federal Supplemental Tax|4.10
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PC Usage Tax Level Suggested Element Usage Description Released in Version
7951 State USTT125 125 plan contributions exempt from State Regular Withholding Tax.
- Mandatory if 125 is applicable
- Pay Component must be set up
- IPPC Store Results - optional 4.10
7952 State USTT401K 401K plan contributions exempt from State Regular Withholding Tax. 4.10
7953 State USTT403B 403B plan contributions exempt from State Regular Withholding Tax. 4.10
7954 State USTT457 457 plan contributions exempt from State Regular Withholding Tax. 4.10
7955 State USTTROTH401 Roth 401K plan contributions exempt from State Regular Withholding Tax. 4.10
7956 State USTTROTH403 Roth 403B plan contributions exempt from State Regular Withholding Tax. 4.10
7957 State USTTFSA FSA plan contributions exempt from State Regular Withholding Tax. 4.10
7958 State USTTHSA HSA plan contributions exempt from State Regular Withholding Tax. 4.10
7959 State USTTIRA Simple IRA plan contributions exempt from State Regular Withholding Tax. 4.10
7971 State USTS125 125 plan contributions exempt from State Supplemental Tax.
- Mandatory if 125 is applicable
- Pay Component must be set up
- IPPC Store Results - optional 4.10
7972 State USTS401K 401K plan contributions exempt from State Supplemental Tax. 4.10
7973 State USTS403B 403B plan contributions exempt from State Supplemental Tax. 4.10
7974 State USTS457 457 plan contributions exempt from State Supplemental Tax. 4.10
7975 State USTSROTH401 Roth 401K plan contributions exempt from State Supplemental Tax. 4.10
7976 State USTSROTH403 Roth 403B plan contributions exempt from State Supplemental Tax. 4.10
7977 State USTSFSA FSA plan contributions exempt from State Supplemental Tax. 4.10
7978 State USTSHSA HSA plan contributions exempt from State Supplemental Tax. 4.10
7979 State USTSIRA Simple IRA plan contributions exempt from State Supplemental Tax. 4.10
||PC Usage||Tax Level||Suggested Element||Usage Description||Released in Version
|7951|State|USTT125|125 plan contributions exempt from State Regular Withholding Tax\\ \\Mandatory if 125 is applicable\\ \\Pay Component must be set up\\ \\IPPC Store Results - optional|4.10
|7952|State|USTT401K|401K plan contributions exempt from State Regular Withholding Tax|4.10
|7953|State|USTT403B|403B plan contributions exempt from State Regular Withholding Tax|4.10
|7954|State|USTT457|457 plan contributions exempt from State Regular Withholding Tax|4.10
|7955|State|USTTROTH401|Roth 401K plan contributions exempt from State Regular Withholding Tax|4.10
|7956|State|USTTROTH403|Roth 403B plan contributions exempt from State Regular Withholding Tax|4.10
|7957|State|USTTFSA|FSA plan contributions exempt from State Regular Withholding Tax|4.10
|7958|State|USTTHSA|HSA plan contributions exempt from State Regular Withholding Tax|4.10
|7959|State|USTTIRA|Simple IRA plan contributions exempt from State Regular Withholding Tax|4.10
|7971|State|USTS125|125 plan contributions exempt from State Supplemental Tax\\ \\Mandatory if 125 is applicable\\ \\Pay Component must be set up\\ \\IPPC Store Results - optional|4.10
|7972|State|USTS401K|401K plan contributions exempt from State Supplemental Tax|4.10
|7973|State|USTS403B|403B plan contributions exempt from State Supplemental Tax|4.10
|7974|State|USTS457|457 plan contributions exempt from State Supplemental Tax|4.10
|7975|State|USTSROTH401|Roth 401K plan contributions exempt from State Supplemental Tax|4.10
|7976|State|USTSROTH403|Roth 403B plan contributions exempt from State Supplemental Tax|4.10
|7977|State|USTSFSA|FSA plan contributions exempt from State Supplemental Tax|4.10
|7978|State|USTSHSA|HSA plan contributions exempt from State Supplemental Tax|4.10
|7979|State|USTSIRA|Simple IRA plan contributions exempt from State Supplemental Tax|4.10
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If a client has benefit plans other than the 9 pre-defined benefit types listed in the previous chapter whose deductions affect employee taxable wages, the custom benefit types may be set up. Users can define up to 10 different custom benefit types.
If a client has benefit plans other than the nine pre-defined benefit types listed in the previous chapter whose deductions affect employee taxable wages, the custom benefit types may be set up. You can define up to ten different custom benefit types.
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The user must configure the Pre-Tax criteria for Federal, State, Local level taxation on IPPC Pay Component screen (this is also enterable on IPCU screen by PC Usage with the same Pre-Tax criteria of the defined pay component).
You must configure the Pre-Tax criteria for Federal, State, Local level taxation on IPPC.
(This may also be entered on IPCU by a PC Usage with the same Pre-Tax criteria of the defined pay component).
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 Pension
 PERS
 Group Term Life (GTL)
*Pension
*PERS
*Group Term Life (GTL)
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The IPPC Element that made up the Benefit Pre-Tax Amounts can be varied by State. These will be described in the next chapter.
The IPPC element that made up the Benefit Pre-Tax Amounts can be varied by State. These will be described in the next chapter.
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PC Usage Tax Level Suggested Element Usage Description Released in Version
7801 Federal and State
TX-BEN-01 User Defined Benefit contributions to be exempt from Regular Federal and State Withholding tax.
- if this is to be used, Pay Component must be set up with this PC Usage
- IPPC Store Results – optional
- on IPPC Header block, click ‘Show User Fields’ and specify Pretax criteria
- user can also enter the same Pretax criteria on IPCU Pay Component block by clicking ‘Show User Fields’
4.10
7802 TX-BEN-02 - same as Usage 7801 4.10
7803 TX-BEN-03 - same as Usage 7801 4.10
7804 TX-BEN-04 - same as Usage 7801 4.10
7805 TX-BEN-05 - same as Usage 7801 4.10
7806 TX-BEN-06 - same as Usage 7801 4.10
7807 TX-BEN-07 - same as Usage 7801 4.10
7808 TX-BEN-08 - same as Usage 7801 4.10
7809 TX-BEN-09 - same as Usage 7801 4.10
7810 TX-BEN-10 - same as Usage 7801 4.10
7821 Federal and State
TX-BENSUP-01
||PC Usage||Tax Level||Suggested Element||Usage Description||Released in Version
|7801|Federal and State|TX-BEN-01|User Defined Benefit contributions to be exempt from Regular Federal and State Withholding tax\\ \\if this is to be used, Pay Component must be set up with this PC Usage\\ \\IPPC Store Results – optional\\ \\on IPPC Header block, click ‘Show User Fields’ and specify Pretax criteria \\ \\user can also enter the same Pretax criteria on IPCU Pay Component block by clicking ‘Show User Fields’|4.10
|7802| |TX-BEN-02|Same as Usage 7801|4.10
|7803| |TX-BEN-03|Same as Usage 7801|4.10
|7804| |TX-BEN-04|Same as Usage 7801|4.10
|7805| |TX-BEN-05|Same as Usage 7801|4.10
|7806| |TX-BEN-06|Same as Usage 7801|4.10
|7807| |TX-BEN-07|Same as Usage 7801|4.10
|7808| |TX-BEN-08|Same as Usage 7801|4.10
|7809| |TX-BEN-09|Same as Usage 7801|4.10
|7810| |TX-BEN-10|Same as Usage 7801|4.10
|7821|Federal and State|TX-BENSUP-01\\ \\Optional|User Defined Benefit contributions to be exempt from Supplemental Federal and State Withholding tax\\ \\This usage works in conjunction with usage 7801 except this is for Suppl Earnings\\ \\IPPC Element (e.g. TX-BENSUP-01) are made up with list of Benefit pay components that are calculated based on Supplemental Earnings\\ \\If this usage is not set up, Usage 7801 amount will be prorated with the Regular and Supplemental Earnings to derive the Suppl Benefit amount\\ \\If this usage has an empty Element (i.e. Element amount = 0), then no proration between Reg / Sup Earnings|4.10
|7822| |TX-BENSUP-02|Same as Usage 7821|4.10
|7823| |TX-BENSUP-03|Same as Usage 7821|4.10
|7824| |TX-BENSUP-04|Same as Usage 7821|4.10
|7825| |TX-BENSUP-05|Same as Usage 7821|4.10
|7826| |TX-BENSUP-06|Same as Usage 7821|4.10
|7827| |TX-BENSUP-07|Same as Usage 7821|4.10
|7828| |TX-BENSUP-08|Same as Usage 7821|4.10
|7829| |TX-BENSUP-09|Same as Usage 7821|4.10
|7830| |TX-BENSUP-10|Same as Usage 7821|4.10
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- optional
User Defined Benefit contributions to be exempt from Supplemental Federal and State Withholding tax.
- this usage works in conjunction with usage 7801 except this is for Suppl Earnings
- IPPC Element (e.g. TX-BENSUP-01) are made up with list of Benefit pay components that are calculated based on Supplemental Earnings
- if this usage is not set up, Usage 7801 amount will be prorated with the Regular and Supplemental Earnings to derive the Suppl Benefit amount
- if this usage has an empty Element (i.e. Element amount = 0), then no proration between Reg / Sup Earnings 4.10
7822 TX-BENSUP-02 - same as Usage 7821 4.10
7823 TX-BENSUP-03 - same as Usage 7821 4.10
7824 TX-BENSUP-04 - same as Usage 7821 4.10
7825 TX-BENSUP-05 - same as Usage 7821 4.10
7826 TX-BENSUP-06 - same as Usage 7821 4.10
7827 TX-BENSUP-07 - same as Usage 7821 4.10
7828 TX-BENSUP-08 - same as Usage 7821 4.10
7829 TX-BENSUP-09 - same as Usage 7821 4.10
7830 TX-BENSUP-10 - same as Usage 7821 4.10
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PC Usage Tax Level Suggested Element Usage Description Released in Version Used by Symmetry
||PC Usage||Tax Level||Suggested Element||Usage Description||Released in Version||Used by Symmetry
This page (revision-15) was last changed on 26-Nov-2021 10:22 by jescottTop