How do I process an additional 401k contribution? In the create paycheck screen the only check types I have available are Regular, Bonus, Commission and Fringe Adj.


Good day, willrnyc.

I can help you process and guide you with creating paychecks with 401k contribution. Let's get this started.

You'll need to set up a payroll item for 401k for you to process paychecks with a 401k contribution. To do so, please follow these steps:

  1. Go to Lists and choose Payroll Item List.
  2. Click on the Payroll Item drop down and select New.
  3. Select the Custom Setup radio button and click on Next.
  4. Choose Deduction and click on Next.
  5. Enter a name for the item and click on Next.
  6. Enter some necessary information in the Agency for employee-paid liability section and click on Next.
  7. In the Tax tracking type window, select the tax tracking-type classification that matches your plan type and click on Next.
  8. Place a check mark next to any item(s) in the Payroll Item column that will be calculated after this deduction is taken and click on NextIn the Calculate Based on Quantity window, select Neither and click on Next
  9. In the Gross vs. net window, select gross pay if the amount of deduction is a percentage (%) of employee's gross earnings. If it is a fixed dollar amount, select net pay and click on Next.
  10. Click on Finish once you're done.

Then, the 401k payroll item will show up in the Other Payroll Items section when creating a paycheck. I've added some screenshots so you'll know what I'm referring to.

To learn more about 401(k), you can refer to this article: Set up a payroll item for retirement benefits (401(K), Simple IRA, etc.).

That'll do it. You should be able to process an additional 401k contribution on employees' paychecks.

Please let me know if you have further questions and I'll be here to help. Have a wonderful day.

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IntuitJane , Community Support Specialist
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