BN56.1 - Compensation History Use BN56.1 (Compensation History) to track employee compensation amounts and participation hours for defined contribution and defined benefit plans for each plan year. You can also record history for years before you began using the Benefits system. Plan years are based on the plan start date in BN15.1 (Benefit Plan). The Benefits system tracks compensation and hours using the compensation pay class in the Vesting Compensation form tab of BN15.1. PR199 (Payroll Close) updates BN56.1 with current compensation and participation hours for employees enrolled in defined contribution and defined benefit plans. PR199 uses the date of a payment to determine which plan year is updated. For 401(k) or 403(b) plans, the plan year compensation is used to determine if the employee has met the maximum compensation limit. If the employee benefit is a percent of compensation, PR140 (Earnings and Deductions Calculations) stops the employee's contribution when the employee's compensation equals the maximum compensation limit. Updated Files CKPOINT - The Checkpoint file is the environment file used for recovery. COMPHIST - The Employee Compensation History file is accessed by this program. Referenced Files BENEFIT - The Employee Benefit file contains employee benefit records for all benefit types. The Employee Benefit file is used to verify employee benefit records. BNCOMPANY - The Benefit Company Parameters file is used to verify company information. BNLIMITS - The Benefits Limits file is used to default Maximum Compensation Amount. EMPLOYEE - The Employee file is used to verify employees. HRSECLEV - The Employee Security Level file is accessed by this program. PAEMPLOYEE - The Employee PA Information file is used to verify employees. PLAN - The Benefit Plan file is used to verify plan codes. PRSYSTEM - The HR Company and Process Levels file is used to verify company information. INVOKED Programs HRFN |