In 2013 we will have two components to our health flex spending account. The employee contribution and an employer donated amount. The employee portion will be deducted bi-weekly throughout the year; so for example, if the employee elects $1,000 employee amount would be $38.46 biweekly. We would like the the employer’s contribution to be added to the employees’ account at the start of the year in one lump sum ($600).
We have been successful in attaching the employer portion (using model WT BR40 under IMG Wage Types for Plans) to the plan but have not been successful in having it deduct all of the $600 in payperiod 1. Although the Contribution Variant Period is set to Annually, the system consistently spreads the $600 over the entire year thereby showing a biweekly amount of $23.08. We want the entire $600 to show on the first paycheck only.
Has anyone attempted to do something like this and tied a lump sum employer amount to a plan that is deducted from the employees’ paycheck biweekly? If so, how did you go about it?
Thank you in advance
Brent Adams, PHR Sr Enterprise Technology Analyst Sacramento Municipal Utility District (916) 732-5821