Employer Contribution Rate Table Overview

You can set up a Contribution Rate Table if your firm bases its employer matching percentage on the employee's withheld percentage.

You may want to use this feature to implement the safe-harbor alternative matching contribution basic plan. The safe harbor contribution alternative plan is an employer matching contribution. The basic safe-harbor matching contribution is defined as a 100% match on the first 3% of compensation deferred and a 50% match on deferrals between 3% and 5%.

Important information about establishing employer payroll contribution rate tables in Vision:

• Payroll Contribution Setup — Specify a rate table to use for a given contribution in the Matching rate table field on the Payroll Contribution Setup form.

• Employee Info Center, Payroll tab — When a contribution code is associated with a contribution rate table, you cannot override the selection by entering values in the Amount or Percent fields from the Payroll tab of the Employee Info Center. These fields will not be enabled.