A retirement plan that allows qualified employees to contribute money from their paychecks into a tax-sheltered account.

1. Set up a 401(k) plan.
2. Set up Deduction and Company match details for 401(k).
   Remember - these are just examples. ALWAYS discuss setup with your CPA or Tax Advisor, especially if the deduction code is pretax or not.
   

   401K Flat Example

   

    

    

   401K Percentage Example

   

    

    

   Roth 401K Flat Example

   

    

    

   Roth 401K Percentage Example

   

    

    

   Company Matching Example

   

    

    
3. Designate how Earnings and deduction details affect 401(k).
   

   Examples

   

   

    

    

5. Add the Deduction and Company cost details to applicable employees.
6. After running a payroll cycle, print a 401(k) Deduction Report to show the employee and company match portions.

Also see:

Advanced Options > 401K Options for company matching setup.

Reports > Historical > 401K Deduction