How to set up direct deposits for Traditional IRA/ROTH IRA for an employee? I don't see the option for Traditional/ROTH IRA under "Add Deduction" --> "Retirement Plans"?
An employee would like us to send part of every paycheck into his Fidelity Traditional IRA or ROTH IRA account. I'm running into 2 issues
- I cannot find an option specific to Traditional IRA or ROTH IRA
- I set it up as a SIMPLE IRA deduction (which I now know was wrong). And every payment (paycheck and otherwise) had the flat number deducted from the total amount. Ideally, I want it to only send contributions to the Traditional/ROTH IRA from paychecks, and not from other payments such as bonuses. How do I work around this?