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Washington Family Leave Insurance set up

This release allows administrators to configure the family leave insurance rates on the Payroll Setup page.

First, select the state of Washington from the Payroll Setup page.

Next, complete the STATE REGISTRATION DETAILS and STATE FAMILY LEAVE INSURANCE RATES sections for family leave insurance.

Then, select the miscellaneous parameters for Employer Elected Percentage.

Value

This enhancement allows Payroll administrators to configure Washington family leave insurance rates.

Audience

Payroll administrators.

Manage Pay Experience and Pay History Update

This release separates Accruals data from the Earnings section on the manage pay experience and Pay History. Previously, both earnings and accruals data were combined, which led to confusion with understanding the information. Now, accruals data will appear exclusively in the Accruals section, providing a clearer distinction and making it easier for you to navigate and understand the data. 

Value

This change enhances and distinguishes accrual and earnings data, making navigating and understanding the data easier.

Audience

All users.

Combined Benefit Plans for EE Contributions Statutory Limits

In this release, the payroll calculation process will automatically apply the combined benefit statutory limits for the employee contribution amounts.

For example, an employee enrolls in multiple benefit plans for 401(k), 403(b), 457(b), and  Roth 401 K, Roth 403B, and Roth 457 plans. Combined employee contributions for these plans are now capped at $23,000 for the respective year. If the employee enrolls in a catch-up plan, the combined employee contributions are capped at $30,500.

If the employee has already reached or is approaching this limit, their benefit deductions will be stopped automatically with their next payroll cycle.

Value

Applies the cap on the combined Benefit EE deductions based on the annual contribution limits.

Audience

Benefit and Payroll administrators.