This page (revision-66) was last changed on 26-Nov-2021 10:22 by Karen Parrott

This page was created on 26-Nov-2021 10:22 by jmyers

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Version Date Modified Size Author Changes ... Change note
66 26-Nov-2021 10:22 37 KB Karen Parrott to previous
65 26-Nov-2021 10:22 35 KB kparrott to previous | to last
64 26-Nov-2021 10:22 35 KB jescott to previous | to last
63 26-Nov-2021 10:22 35 KB jescott to previous | to last
62 26-Nov-2021 10:22 35 KB jescott to previous | to last
61 26-Nov-2021 10:22 34 KB jescott to previous | to last

Page References

Incoming links Outgoing links
US PC Usages
US PC Usages

Version management

Difference between version and

At line 344 changed 13 lines
6053 Fed UFWT125 125 plan contributions exempt from Federal Withholding Tax.
- Mandatory if 125 is applicable
- Pay Component must be set up
- IPPC Store Results - optional Legacy Yes
6054 Fed UFWT401 401K/403B plan contributions exempt from Federal Withholding Tax. Legacy Yes
6056 Fed UFSP125 125 plan contributions exempt from Federal Withholding Tax on Supplemental pay. Legacy Yes
6057 Fed UFSP401 401K/403B plan contributions exempt from Federal Withholding Tax on Supplemental pay. Legacy Yes
6653 State USTT125 125 plan contributions exempt from State Withholding Tax.
Uses UFWT125 if this element does not exist. Legacy Yes
6654 State USTT401 401K/403B plan contributions exempt from State Withholding Tax.
Uses UFWT401 if this element does not exist. Legacy Yes
6656 State USTS125 125 plan contributions exempt from State Withholding Tax on Supplemental pay. Legacy Yes
6657 State USTS401 401K/403B plan contributions exempt from State Withholding Tax on Supplemental pay. Legacy Yes
||PC Usage||Tax Level||Suggested Element||Usage Description||Released in Version||Used by Symmetry
|6053|Fed|UFWT125|125 plan contributions exempt from Federal Withholding Tax\\- Mandatory if 125 is applicable\\- Pay Component must be set up\\- IPPC Store Results - optional|Legacy|Yes
|6054|Fed|UFWT401|401K/403B plan contributions exempt from Federal Withholding Tax|Legacy|Yes
|6056|Fed|UFSP125|125 plan contributions exempt from Federal Withholding Tax on Supplemental pay|Legacy|Yes
|6057|Fed|UFSP401|401K/403B plan contributions exempt from Federal Withholding Tax on Supplemental pay|Legacy|Yes
|6653|State|USTT125|125 plan contributions exempt from State Withholding Tax\\Uses UFWT125 if this element does not exist|Legacy|Yes
|6654|State|USTT401|401K/403B plan contributions exempt from State Withholding Tax\\Uses UFWT401 if this element does not exist|Legacy|Yes
|6656|State|USTS125|125 plan contributions exempt from State Withholding Tax on Supplemental pay|Legacy|Yes
|6657|State|USTS401|401K/403B plan contributions exempt from State Withholding Tax on Supplemental pay|Legacy|Yes
At line 354 added one line
For Vertex users who are converting to Symmetry, there are 2 options to set up Benefit PC Usages.
At line 359 changed one line
- For Vertex users who are converting to Symmetry, there are 2 options to set up Benefit PC Usages.
#- retain PC usages 6053 to 6657 as above to support 125 and 401K plan exemptions\\- UPCALC will use these PC Usages to calculate 125 and 401K exemptions for tax calculation
#- set up Benefit PC Usages 7901 to 7979 for 125, 401K, 403B, 457 etc.\\- if the first Benefit PC Usage 7901 is set up, this means the entire set of PC Usages 7901 to 7979 will replace PC Usages 6053 to 6657\\- UPCALC will ignore the old PC Usages 6053 to 6657 set up
At line 361 changed 2 lines
(1) - retain PC usages 6053 to 6657 as above to support 125 and 401K plan exemptions
- UPCALC will use these PC Usages to calculate 125 and 401K exemptions for tax calculation
*It is advised that you switch to using the new Symmetry Benefit Types if your company offers a variety of the plan exemptions that were originally housed together in the 401k type element (ie: 401K & 457). This is advised since Symmetry requires the UPCALC to pass in the CTD and YTD value for each of the benefit types supported. If you continue to use the Vertex method and have an employee who has both a 401K and 457 for example, if the 401k element YTD reaches the annual contribution limit for 401K, the employee’s Federal and State earnings will no longer be reduced by the 401k and 457 amounts as the system will think the employee has reached the 401K annual limit when in fact he/she hasn’t.
At line 364 changed 3 lines
(2) - set up Benefit PC Usages 7901 to 7979 for 125, 401K, 403B, 457 etc
- if the first Benefit PC Usage 7901 is set up, this means the entire set of PC Usages 7901 to 7979 will replace PC Usages 6053 to 6657
- UPCALC will ignore the old PC Usages 6053 to 6657 set up
*For Symmetry users or converted users, if a particular Benefit Type is to be used, user should set up a Pay Component on IPPC with the PC Usage as defined above.
At line 368 changed 5 lines
-It is advised that you switch to using the new Symmetry Benefit Types if your company offers a variety of the plan exemptions that were originally housed together in the 401k type element (ie: 401K & 457). This is advised since Symmetry requires the UPCALC to pass in the CTD and YTD value for each of the benefit types supported. If you continue to use the Vertex method and have an employee who has both a 401K and 457 for example, if the 401k element YTD reaches the annual contribution limit for 401K, the employee’s Federal and State earnings will no longer be reduced by the 401k and 457 amounts as the system will think the employee has reached the 401K annual limit when in fact he/she hasn’t.
- For Symmetry users or converted users, if a particular Benefit Type is to be used, user should set up a Pay Component on IPPC with the PC Usage as defined above.
- If the Benefit Type is made up by an Element, then specify the Element Name
*If the Benefit Type is made up by an Element, then specify the Element Name
At line 375 changed one line
On IPPC, user can optionally turn ON the ‘Store Results’ toggle to store the amounts on ‘Pay Amounts’ Tab. This Pay Component will be stored on IPPH ‘Pay Jurisdiction’ Tab regardless of the ‘Store Results’ toggle.
On IPPC, user can optionally turn ON the ‘Store Results’ toggle to store the amounts on ‘Pay Amounts’ Tab. This Pay Component will be stored on IPPH ‘Pay Jurisdiction’ Tab regardless of the ‘Store Results’ toggle.
At line 377 removed 4 lines
This page (revision-66) was last changed on 26-Nov-2021 10:22 by Karen ParrottTop