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401(K) provider file

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tdwcpa
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Posts: 2
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12/28/2022 5:28 PM

Our 401(K) provider, Principal Financial, is requiring us to provide a file weekly with various information like 401(k) deduction, employer match, loan repayments year to date wages and various other static information.  I would like to know if there are other Lawson 10 users that may have to provide a similar file to their 401(K) provider and if you are willing to share how you generated this file.

Thanks Tammy Waters

 

LisaN
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Posts: 53
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12/28/2022 6:31 PM
Tammy, We send that type of information to our retirement vendor. We created a database view and our Interface team uses the results of that view to generate the vendor file. We have a file that sends demographic type data and a file that contains the payroll deductions. The vendor provided a layout for the data and we just map the view results to the layout. We also use BN531 to load data from the vendor to Lawson; any new contributions and/or changes to the team member's retirement plans. I hope that helps.
ebmetcalfe
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1/2/2023 2:39 AM
I created Lawson add-ins that I run and import into an Access database where I have queries I've created that pulls together the info per the vendor's specifications.