benefit contribution rate both percent and flat amt

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Jenny Rodriguez
Basic Member
Posts: 9
Basic Member

    benefit contribution set up when employee pays both percent of salary and flat amount

    Just wondering if this is possible and if anyone can help with the setup.

     

    Karen Ploof
    Veteran Member
    Posts: 118
    Veteran Member
      Hi Jenny,

      I'm not sure I understand. Can you provide an example or two that would help me understand how an employee's contribution would be calculated to include both a % and an amount?

      Thanks, Karen
      Jenny Rodriguez
      Basic Member
      Posts: 9
      Basic Member
        Hi Karen,

        the following is our calculation for contributions

        Employee only = 1.5% of the employee's salary
        Employee + dependent = 1.5% salary + $27.41
        Employee + family = 1.5% salary + $54.81

        Karen Ploof
        Veteran Member
        Posts: 118
        Veteran Member
          I am pretty sure it can't be done unless you use the "Custom Calculation" option on BN18.
          Jenny Rodriguez
          Basic Member
          Posts: 9
          Basic Member
            Thank you. I will look into using Custom Calculations.
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