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Buy nowWhen doing payroll I find that I have to manually deduct 401k contributions and matches after payroll is done.
Isn't there a way to set it up so that it will automatically deduct it (ie, you'd tell it which vendor to put it under), or should this be a manual thing?
Or could it at least a reminder in the payroll to do list? I could easily forget to do enter those entries after completing the 401k on my contribution site.
Thanks for reaching out to the Community, bvstone.
To verify my understanding, did you already set up your employee's 401k retirement plan deduction/company-match contribution item in their profile?
If you've already set it up, the deductions should automatically take place when you pay your employees.
In the event you haven't set it up yet, you can do so anytime.
Here's how:
I've also included a detailed resource about working with 401k plans which may come in handy moving forward: Set up a retirement plan
Please feel welcome to send a reply if there's any additional questions or information you'd like to provide. Have a wonderful Friday!
No,
Im asking where can I enter the vendor name and have it automatically recorded and deducted from our bank account (I of course would have to do the work at the 401k provider on their site).
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