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.

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Notes #

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