Retirement Plan Contributions Report
The Retirement Plan Contributions Report shows retirement plan employee deductions and employer contribution amounts for a specific pay date range. This report is useful for determining the amount scheduled to be deposited by the employer into a retirement savings account, such as a 401k or IRA.
By default, the report shows anyone with activity for the selected deductions and contributions for that pay date range. You can show any employees with gross wages for that pay date range, regardless of deduction/contribution activity. This is useful for any year-end plan census information that you may need. You can find this report under Reports > HR Reports > Retirement Contributions.
Using the Retirement Plan Contributions Report
Each time you open the report, select the deductions and contributions to be included in the report. There are three lists to choose from:
- Employee Deferrals: All Company-Level Deductions will appear in the list. Check each deduction used for employee deferrals or after-tax contributions to the savings plan. If you do not use employee deferrals, leave all of the boxes unchecked.
- Employer Contributions: All Company-Level Contributions will appear in the list. Check each contribution used for employer contributions, such as a company match to the savings plan. If you do not use employer contributions, leave all of the boxes unchecked.
- Employee Loans: All Company-Level Deductions will appear in the list, same as the Employee Deferrals. If your retirement savings plan allows for loans, check each deduction used for employee loan repayments back to the savings plan. If you do not use loans, leave all of the boxes unchecked.
Once you have made your selections, click Run Report. A list of employees will display, showing the total amounts per employee to deposit into your retirement savings plan and grand totals at the bottom.
You can print to a PDF or download a .csv file to view as a spreadsheet.
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