Payment Add - Qualified Lump Sum

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The Qualified Lump Sum Payment consists of the following pages:

  1. Payment Distribution Type
  2. Payment & Taxability
  3. Deductions
  4. Disbursement Instructions
  5. Tax Withholding

 
Before You Begin:
  1. From the left menu, under Payment, click Add.

To Add a Qualified Lump Sum Payment:

  1. Select a distribution type.
  2. Click Next.
    The Payment & Taxability page appears.
  3. Enter information in appropriate fields. Note Payable Date defaults to next business day.
  4. From the bottom of the page, click Deductions.
    The Deductions page appears.
  5. Enter Deduction and Amount if needed.
  6. From the bottom of the page, click Disbursement.
    The Disbursement Instructions page appears.
  7. Enter following information if needed:
  8. From the bottom of the page, click Withholding.
    The Tax Withholding page appears. Note Tax Withholding page does not display Distribution Types 3, 5, and 6.
  9. Enter Tax Withholding information.
  10. Click Save.
    Message appears indicating a successful save.

To Add a Stock Distribution, Loan Default or Non-Cash ONLY Payment:

  1. Select a Distribution type.
  2. Click Next.
    The Payment & Taxability page appears.
  3. Enter information in appropriate fields.
    4. Under Stock Distributions and Loan Defaults (Non-Cash fields), enter:
  4. From the bottom of the page, click Withholding.
    The Tax Withholding page appears. Note Tax Withholding page does not display Distribution Types 3, 5, and 6.
  5. Enter Tax Withholding information.
  6. Click Save.
    Message appears indicating a successful save.

To discontinue adding a payment:

  1. From the left menu, click any option before saving payment.
Related Topics
Benefit Payments Overview
Payment Add - Dividends
Payment Add - Installments
Payment Add - Loans
Payment Add - Non-qualified Lump Sum
Payment Add - Non-qualified Periodic
Payment Add - Qualified Periodic