Contribution Rate Table Form

Use the Contribution Rate Table form to set up a table that determines your firm's employer matching percentage amount when it bases its contribution percentage on the employee's withholding percent.

For example, if you match 100% of an employee's contribution up to the first 3% of wages that the employee defers, and then match 50% up to 5%, you can set up this schedule in a contribution rate table.

Location

To display the form, complete the following step:

From the Vision Navigation menu, click Configuration > Payroll > Contribution Rate Tables.

Contents

Toolbar

Field	Description
Save	Click this option to save the contribution rate table changes.
New	After you click this option, select one of the following: Click New Contribution Rate Table to open a blank table form. Use the blank table form to create a new table. Click Copy Current Contribution Rate Table to copy the current table information to a blank table form. You can then edit the copied table to create a new table. Click Select Contribution Rate Table to Copy to open the Labor Rate Tables Lookup and select a table to copy. You can then edit the copied table to create a new table.
Delete Contribution Rate Table	Open a Contribution Rate table and click Delete Contribution Rate Table to delete the table. To delete a table entry, select a row and click Delete on the grid toolbar.
Help	Click this option to view online Help.
Table Number	Enter a unique number by which to identify this table. You may want to assign a sequential number to help you quickly identify tables.
Table Name	Enter a name for the table.

Contribution Rates Grid

Field	Description
Insert	Click this option to add a row where you can specify the deferred compensation percentage range and the contribution percentage that Vision will apply to amounts in that range to determine your firm's matching amount.
Delete	Select the row in the grid to delete and then click this option.
Percent over	The value in this field and the next field determine the percent that you match (contribution percent) on a given employee's deferred compensation amount (withholding) Enter a value in this field to determine the beginning of this range. For example, to apply the contribution percent to all employee withholding amounts between 0% and 3% of the withholding amount, enter 0.00 in this field. The value in this field must be less than or equal to the value in the Percent up to and including field. Ranges in this grid table cannot overlap. For example, if you insert two rows, and row one's range is from 2-5%, then rows two's range cannot be 3-7%. There can be no gaps between ranges. For example, if you insert two rows, and row one's range is 2-5%, row two cannot be 6-8% because the gap from 5-6% is undefined. If an employee contributes a fixed amount rather than a percentage of wages to his or her contribution, Vision must turn this amount into a percentage for the contribution rate table to function properly. Vision calculates the employee's contribution percentage by taking the contribution amount divided by the contribution wages. The subject to tax amount for the contribution is determined in employer Payroll Contribution Setup. It is not obtained from the subject to tax wages for the linked withholding, if there is a withholding linked via the Withholding field of Payroll Contribution Setup to this contribution code. This could mean that the wages used to determine your employer contribution calculation can differ from (or be the same as) the wages used to determine the employee's percentage of contribution calculation.
Percent up to and including	The value in this field and the previous field determine the percent of the employer match (contribution percent) on the amount of a given employee's withholding. Enter a value in this field to determine the end of this range. For example, to apply the contribution percent to all employee withholding amounts between 0% and 3% of the withholding amount, enter 3.00 in this field.
Contribution Percent	This is the percent that will be applied to the amount of a given employee's deferred wages to determine the amount your firm will match. For example, if you would match 100% on the first 3% of compensation deferred (withholding) and 50% on amounts between 3% and 5%, you would enter two rows in the grid. You would enter a value of 100.00 in the Contribution Percent field in the first row. You would enter a value of 50.00 in the Contribution Percent field in the second row.