Step 2 Enter Payroll Deductions
Next, complete the Manage Employee Deductions screen.
For each employee who has elected a deduction, add a new line with your 401(k) deduction code. Then tab over to the Rate column and change the default of 1% to the rate elected by that employee, if different.
If you want the deduction to start immediately, leave the Start Date column blank. If you are entering a future deduction, enter the Start Date, which should normally be a Pay Period start date from your Pay Period table. If you enter a date that falls after the start of one pay period, the deduction begins at the start of the following period.
Parent Topic: Setting Up Deferred Compensation