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drobison1
Level 1

how do i set up payroll to do an employee deferral to a roth 401K retirement plan.

 
1 Comment 1
ShangY
QuickBooks Team

how do i set up payroll to do an employee deferral to a roth 401K retirement plan.

You can set up a deferral to a Roth 401(k) retirement plan on the Deductions and contributions section of your employee's profile, @drobison1.

  

Here's how: 

 

  1. Go to Payroll and select Employees.
  2. Choose the employee you want to set up the Roth 401(k) for.

    image_720.png

  3. Scroll down to the Deductions and Contributions section and select +Add deduction/contribution from the dropdown menu.

    image_480.png


  4. Under Deduction/contribution type, select Retirement plans.
  5. From the Type dropdown, choose After-tax Roth 401(k)

    image_480.png
  6. Enter a description and the contribution amount. 
  7. Review the details to ensure everything is correct, then click Save

 

image_720.png

 

Please note that Roth 401(k) contributions is applied from the employee’s pay after taxes have been calculated. 

 

If you’d like more details about setting up Roth 401(k) contributions and other retirement plans, here’s a helpful resource: Set up or change a retirement plan

 

Feel free to reach out again if you have further questions or need additional assistance. 

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