Round Administration Fee {optional}#
This component enables the calculated administration fee amount to be rounded up or down to the <BC Value> specified (e.g.0.01).
Does the administration fee need to be rounded?
Yes: Choose the rule to be used
No: Go to B0740
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01 | Round Up To Next Value | Specify the rounding factor on the component (e.g. 1.00). Rounds the premium amount up to the next value specified. Rounds the premium amount up to the next value specified. (e.g. $34.13 rounded to the next $1.00 would be $35.00) | B0740 | |
| 02* | Round Up/Down To Nearest Value | Specify the rounding factor on the component (e.g. 1.00). Rounds the premium amount to the nearest value specified. (e.g. $34.20 rounded to the nearest $1.00 would be $34.00 and $34.60 rounded to the nearest $1.00 would be $35.00) | B0740 |
Enter a pay component in the <PC Code> field if the result is to be viewed for Payroll processing or reporting.
The BC action must be ‘Store on Line & Enroll'.
If the administration fee needs to be converted to a pay period amount place the <PC Code> on B0740 instead.
