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Level 1

How to display company retirement plan contribution on pay stub?

I have a client that has a 3% match for the company's 401(k) plan. Currently their pay stubs show the employee's contribution to the 401(k) plan, but how do we display the company's matching contribution to the 401(k) plan on the pay stub?

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QuickBooks Team

How to display company retirement plan contribution on pay stub?

Hi there, @Kyle_KauffmanCPA.

 

I'm here to help share information about the information displayed on the pay stubs in QuickBooks Online (QBO).

 

The employees' pay stubs shows how much their total pay and tax deductions. This is the reason why only the employees' contributions reflect on their pay stubs.

 

As of now, there isn't an option to display the company/employer contribution on the employees' pay stubs. However, if you are an employer, you can run or pull up the Payroll Summary report if you wish to view/see both the employee and the employer taxes and contributions. On the other hand, if you are an employee, you can ask your employer to print out the same report mentioned earlier.

 

To learn more about pay stubs and 401(K) plan, you may check these articles:

 

Please stay posted if you have any other payroll questions, I'm always here to help you. Have a great day ahead!

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Anonymous
Not applicable

How to display company retirement plan contribution on pay stub?

Yes, this is unfortunately yet another feature that remains unavailable with QB Online. 

QB Windows has had it for perhaps 15 years; they added it based on customer requests - since this is important to many QB Payroll users.

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Level 1

How to display company retirement plan contribution on pay stub?

I'm trying to do the same thing with the employer-paid portion of health insurance.  It's being tracked in company contributions, and it's A LOT of money which I would like to show on pay stubs each month. Additionally, I have an employee who needs to provide this information to her former spouse pursuant to their divorce settlement each month.  I told her to log in and get it from her pay stub. Can you imagine my incredulity when I learned that she was right... It isn't there! So effectively, I have to manually generate her pay stub each month?! 

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Level 2

How to display company retirement plan contribution on pay stub?

I agree, I had an employee who asked about if we had withdrawn our company match for 401(k), considering the times, etc. - I assured him we had not and to look on his paystub.  I never had looked at mine obviously because it is not there!  That was a stumble to explain, with only a promise that I would look into it.  We are new to QBO and I will tell you it is highly lacking many features that we took for granted on QB Desktop... 

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Level 1

How to display company retirement plan contribution on pay stub?

Agree. I just switched to QBO from 10+ years on Desktop Pro. Can't believe such a standard payroll item like 401k contributions would not display. Really disappointed.

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