HSA Payment Overrides

Ours has been working. We do have overrides set up for our OV55 employees - that is a pain for PA. Our U55 employees don't have the override on the PR13.

Now I am worried and will need to test.

Did you set your override up to also include your 401k plans? That's what we were trying to do.
We really want BSI to add the ee and er contributions together for all employees, and allow the over 55 crowd to contribute an extra 1000. Our payroll manager is getting screenshots together.

WE have OV50 overrides for our DC plans only.  They get attached to employees who are 50-54 in the tax year.  Then we have the OV55 overrides that include HSA and DC plans.  Supposedly, BSI has a simpler way to manage but it requires some significant Lawson changes.  I am not sure how it would work.

Thank you for the screen shot. Do you have an employer contribution to the HSA?

Yes.

We send them as lump sums but the deduction flows through Lawson so the limits are applied.

Our employer contributions are one lump sum in the beginning of the year and then every payroll and they are reported to the carrier as EE and ER sums. Another question - if someone starts the year at Family coverage and contributes say $5000, then switches to individual coverage, do you stop their ability to contribute? Do you reverse any $$ to get them down to the individual limit?

I am not sure we've run into that, yet.

I would need to research the federal rules and recommend a practice based on those guidelines.

I'm going to run it past the broker I was just wondering what everyone else does. We have it happen all of the time.

Your screenshot was a HUGE help!!! Thank you!

I was wondering if I could "resurrect" this issue. Our system is incorrectly including the catchup deduction in the aggregate for the employee and so our employer contribution that we make each pay period won't send if someone has maxed out on the employee the catchup deduction codes.

Our catchup is coded as a 20 (like our employee). How do I get the system to quit adding the employee + the catchup as the personal limit. We want the catchup exclusive of the personal contribution + employee contribution.

Hi, Margie.  I hope all is well with you.

 

Did you ever workout how the BSI group can work to aggregate the company and employee deductions using a BSI Group?  If I'm not mistaken, only a single BSI Group can be attached to a single employee.  I can't think through how a single group could be set up; however, I don't have access TaxFactory access to try to work this through.  I'm very interested in getting this resolved sooner rather than later. . .  ;

 

I'm considering setting up 6 DC plans (I couldn't get past the RS issues):

1.  Emp Self-only

2.  Comp Self-only

 

3.  Emp Family

4.  Company Family

 

5.  Emp Self-only 55+

6.  Emp Family 55+

 

THANKS!

 

Marsele Burns

Seattle Children's Hospital

425.879.9209