| Payment Add - Qualified Periodic |
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The Qualified Periodic payment consists of the following pages:
- Payment Type
- Payment Distribution Type
- Payment & Taxability
- Mailing Instructions
- Tax Withholding
- Deductions
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| Guidelines: |
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Qualified Periodic payments consist of 4 Payment types. The Payment type
must be selected to determine the distribution types for the payment.
The 4 Payment types are:
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- Periodic
- Retro
- Medicare Reimbursement ONLY
- Medicare Reimbursement Retro
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| Before You Begin: |
- From the left menu, under Payment, click Add.
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To Add a Qualified Periodic Payment:
- Select the Payment Type - Periodic.
- Click Next.
The Payment Distribution Type page appears.
- Select a Distribution Type.
- Click Next.
The Payment & Taxability page appears.
- Enter appropriate information.
Notes Payment Cycle defaults to Immediate. The Total
Funding Source Amount must equal the Total Taxation Amount.
- From the bottom of the page, click Mailing Instructions.
The Mailing Instructions page appears.
- Enter following information if needed:
- Alternate Payment Address
- Special Handling Instructions
- From the bottom of the page, click Withholding.
- Enter Tax Withholding information.
- Click Save.
Message appears indicating a successful save.
The Tax Withholding page appears. Note Tax Withholding
page does not display for Distribution Type 9.
- Enter Tax Withholding information.
- Click Save.
Message appears indicating a successful save.
To Add a Retroactive Payment:
- Select the Payment Type - Retroactive.
- Click Next.
The Payment Distribution Type page appears.
- Select Distribution Type.
- Click Next.
The Payment & Taxability page appears.
- Enter required Payment & Taxability information. Note
Payable Date defaults to next business day.
- From the bottom of the page, click Deductions.
The Deductions window appears.
- Enter deductions to apply to the retroactive payment.
- From the bottom of the page, click Withholding.
The Withholding window appears.
- Enter overriding withholding instructions.
Notes If withholding instructions are not entered,
withholding will be deducted using the recurring periodic payment instructions.
For rollover retroactive payments, withholding will not be taken.
- From the bottom of the page, click Mailing Instructions.
The Mailing Instructions window appears.
- Enter following information if needed:
- Alternate Payment Address
- Special Handling Instructions Note Any EFT
information set up for the participant will override any designated mailing
instructions.
- Click Save.
Message appears indicating a successful save.
To Add a Medicare Reimbursement Only Payment:
- Select the Payment Type - Medicare Reimbursement ONLY.
- Click Next.
The Payment & Taxability page appears.
- Select appropriate Pay Cycle.
- From the bottom of the page, click Mailing Instructions.
The Mailing Instructions window appears.
- Enter following information if needed:
- Alternate Payment Address
- Special Handling Instructions
- Click Save.
The Deductions window appears.
- Enter deductions and Medicare reimbursements.
- Click Save.
Message appears indicating a successful save.
To Add a Medicare Reimbursement Retroactive Payment:
- Select the Payment Type - Medicare Reimbursement Retroactive.
- Click Next.
The Payment & Taxability page appears.
- Enter the Payable Date. Note Payable Date defaults
to next business date.
- From the bottom of the page, click Deductions.
The Deductions window appears.
- Enter Deductions and Medicare Reimbursements.
- From the bottom of the page, click Mailing Instructions.
The Mailing Instructions window appears.
- Enter following information if needed:
- Alternate Payment Address
- Special Handling Instructions
- Click Save.
Message appears indicating a successful save.
To discontinue adding a payment:
- From the left menu, click any option before saving payment.
