DEFERRED COMPENSATION ADMINISTRATION OVERVIEW

Use Costpoint Deferred Compensation Administration to establish deferred compensation plan information, plan tax information, and deduction codes. You can assign this information to employees who are members of your plan, along with their vesting percentages, in the Employee Deferred Comp Setup menu in Costpoint Employee. You can also produce the Actual Deferred Percentage (ADP) and Actual Contribution Percentage (ACP) discrimination testing reports. To remain compliant, you can perform "what-if" forecasting to determine amounts available without becoming top-heavy. Other features include a listing of employees and amounts deducted for the plan administrator, vesting tracking, and employee loan accounting.