Congratulations! You have established the 401k plan for your employees that will variably adjust company matching based on length of service. We are not yet complete. We need to push this medical benefit to Payroll.
In Human Resources, go to Process / Update Payroll from Benefits. In the first row of the Selection Grid choose the medical Benefit ID = 401K2 and Find Now. Select all the employees and view the Proof Report. In this example, you will notice the changes in red. Please notice the prior amounts in black.
In the proof report you will notice that the maximum value of the company match is now 5% regardless of employee contributions. Employees who have been active for less than six months will only receive 1%.
When satisfied with the changes, close the report and choose Update Payroll when finished.
All eligible and selected employees have now been enrolled in the 401k and company matching will follow the length of service rules established in the Bracket Tables.
