Set up Roth 401k

I can provide you the step-by-step process in setting up an employer match for Roth 401K, lr-romero.

You can set up the employer's match for Roth 401K through the employee's profile. Here's how:

1. From the left panel, click Employees. (In QuickBooks Online Payroll, select Payroll menu, then select Employees.)
2. Select the employee's name and the pencil icon beside Pay to Edit.
   
3. Go to the Deductions & Contributions section (number 5), and click Add a deduction.
   
4. Select Retirement Plans as the category and After-tax Roth 401(k) as the type.
5. Enter a description.
6. Hit OK.

You can take a look at this article: Retirement plan deductions/contributions. This will provide you tips on how to combine deductions limits for ROTH 401K as well as setting up other retirement deductions plan in QuickBooks Online.

Let me know if there's anything else I can do for you, I want to make sure you're taken care of. Thanks for reaching out, wishing you and your business the best.

Hi, lr-romero.

Hope you're doing great. I wanted to see how everything is going about setting up ROTH 401K you had yesterday. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I'd be happy to help you at anytime.

Looking forward to your reply. Have a pleasant day ahead!

How do you set up a company match to the Roth 401k?

Hi paulr4!

I can show you how to set up a 401(k) company contribution.

You can follow these steps:

1. Go to the Workers or Payroll menu, then select Employees.
2. Select the employee's name, then click the Pencil icon in the Pay section. Scroll down on the deductions section. Then select +Add deductions.
3. Click the + Add deduction/contribution, then select Retirement Plans under Deduction/Contribution type. Then select 401(k).
4. Enter the name of the provider and nd the amounts per pay period.
5. Tap Save.

I added this article if you need more details about retirement plan deductions and contributions: Retirement plan deductions/contributions.

Also, here's the link for the detailed steps on how to run payroll-related reports: Run payroll reports in QuickBooks Online.

You can always post your reply here if you have any other concerns regarding payroll. Let me know and I'll help you out. 

My employee is contributing 6% and we do a 4% match, but I don't see an option to put the employer match in.

Hi there, @Amanda CW. 

Allow me to fill you in on everything you need to know about the retirement plan deductions and contributions in QuickBooks Online (QBO) Payroll.

Since 401K plan are subject for government tax, and there's no tax option for Roth 401k retirement plan. I can show you how you can set up an after tax Roth for 401k. 

See the screenshot below for your reference. 

Then add another 401k plan for your employer deduction.

For additional insight, please refer to this article: Set up a Roth 401(k) plan. It covers general information about the retirement plan.

In addition to that, I've attached some articles to help you manage payroll deductions and contributions in QuickBooks:

• Retirement plan deductions/contributions.
•  IRS Publication 4530

Feel at ease to get back to this thread if you have other questions about adding after-tax in QuickBook Online. I'll be around to assist you again. Keep safe and take care.

Aloha

I am curious why the only option is for Gross pay percentage, not after taxes/net pay, even though it is an after taxes deduction.  I am trying to set up a Roth 401 (K) deduction and the only option is Gross pay.

I understand that having the option for Net Pay to set up Roth 401K deductions can be beneficial to your business needs, Ruthster.

The system only allows Gross Pay when setting this up in QuickBooks Online. 

While the option isn't available, you can send your valuable feedback to our Product Development team to review and consider adding this feature to future product enhancements. 

 I'll show you how:

1. Go to the Gear icon.
2. Select Feedback under Profile.
   
3. Enter your suggestion. Then, click Next.

Additionally, running reports to view your payroll info, company finances, and employee details is a breeze in QBO. For a detailed guide, check this link: Run payroll reports in QuickBooks Online Payroll.

I'll be around if you need further assistance to make sure everything will get resolved. Have a good one, and keep safe.

In QB Payroll, there is no option for a Roth 401K. Where to set up a Roth 401K and Match?

Hello, DeeCee7337.

I'll clear up some things and make sure you're able to set up the Roth 401(k) plan for your employee. 

Looking at your screenshot, we can simply click on the Add deduction/contribution option to add the Roth 401(k) plan. Here are the complete steps to set it up: 

1. Click on the Add deduction/contribution.
2. Under Deduction/contribution type, select Retirement plans.
3. Set the type to After-tax Roth 401(k).
4. Add the Employee deduction amount.
5. Click Save. 

This will now be added to the employee's list of deductions. If you'd like to set up more plans or HSA for your employees, I'll share a couple of these articles: 

• Set up a retirement plan
• Set up a Health Savings Account (HSA) item in QuickBooks Payroll

I'll also add this article in case you need help running your payroll reports to see your employees' current year-to-date data in the future: Run payroll reports in QuickBooks Online Payroll. 

Ask around if you have more questions or concerns about setting up employee deductions in QuickBooks. If you have some issues with your reports, entries, and other things, let me know and I'll gladly help you out. 

These options are not listed in my drop down's

Thank you for joining this thread, notasecretary.

I want to ensure I can provide a timely solution to your concern. To get me on the same page, I have to gather more details about the issue.

May I ask if you're referring to the Deduction/contribution, Deduction/contribution type, or Type drop-down? If so, could you please send a screenshot of the screen? This is to check if there have been any reported issues.

I don't want to leave you empty-handed. You can go over the Payroll Hub to gain access to our online resources. It includes topics on handling tax notices, managing your employees' information, processing tax forms, and payroll.

We appreciate any information you can provide. I'd be delighted to work with you again, notasecretary. Have a great day ahead.

How do you add the company contribution portion to the Roth deduction?  It is not an option as it is for the pre-tax 401k deduction.  Thank  you.

Hello there, jschroeder22.

Ensuring the proper tracking of insurance items and other pay types is essential to maintain accurate tax data and forms. Allow me to provide you with guidance on effectively managing the company contribution portion towards the Roth deduction.

When an employee participates in a Roth 401(k), the company contribution must be treated as a traditional 401(k) for tracking purposes. This is because the payroll service does not support selecting the specific payroll item mentioned. You can refer to IRS Publication 4530 for more in-depth details. 

To help you with your concern, I suggest getting in touch with our Payroll Support Team. Our dedicated specialists will make sure to correct any payroll issues and maintain the integrity of your data:

Here's how to get the contact information:

1. In your company, tap the Help icon in the upper right to display the support window.
2. Choose the Assistant tab and enter a brief description of your concern in the Type something bar.
3. Press the Get help from a human link to see more options.
4. In the How would you like to connect with us? section, choose Chat to initiate a conversation and Callback to speak with an agent.
   
   

Check this reference to learn more about the support hours for each payroll service: Contact Payroll Support.

Here is an article that explains everything about tracking a retirement plan deduction and the company's contribution: Set up or change a retirement plan.

In addition, these resources also include topics and a checklist to help you prepare for year-end filings and other payroll-related tasks:

• Year-end guide
• Latest news and updates to close the year
• Payroll Hub

If you need any further clarification regarding tracking your Roth company contribution and other retirement plans, please feel free to reach out to me again. I am here to help and would be delighted to provide you with the information you need. Have a wonderful day ahead, jschroeder22.